This paper analyses optimal monetary policy in a small open economy allowing for financial dollarization (FD). More importantly, we endogenise FD, making it dependent on the expected monetary policy. Contrary to the standard small open economy model, where central banks should control domestic (producer) prices and adopt a pure floating exchange rate regime, we find that some exchange rate cont...

The present paper attempts to present a review of the experimental findings dealing with the posture and position of a communicator relative to his attitude and status to his addressee. More studies are available which exhibit the detailed functional relationships of posture and position variables to communicator attitudes than to communicator-addressee relative status. Distance, eye contact, b...

This paper examines the impact of restricting foreign bank entry on bank net interest margins while controlling for (a) impediments to domestic bank entry, (b) the degree of foreign bank ownership of the domestic banking industry, (c) an array of bankspecific characteristics, (c) banking sector concentration, and (d) various country traits. Using data on almost 1200 banks across 47 countries, t...

T he main objective of this paper was the investigation of the impact of the trade openness on economic growth in Pakistan. We have been employed both the Johensen and Autoregressive Distributed Lag (ARDL) Co-integration together with ECM Techniques for the period 1975-2016. The empirical estimated results are the sound evidence that there exists a short...

This paper investigates the average fundamental frequency of eight peripheral vowels in Belgian Standard Dutch in order to examine whether a vowel gradient exists with respect to Intrinsic Vowel Pitch (IF0). The results show that IF0 exists in Belgian Standard Dutch and amounts to 3.26 semi-tones. It is found that the assumed gradience in the degree of openness/tongue height is only reflected t...

Laws have been used to deal with theoretical and practical issues regarding notions of openness and unpredictably of open multiagent systems. In order to achieve a higher degree of predictability and confidence, practical applications of distributed agents need to describe the interaction structure of the system, and this interaction structure must be regulated. Governing agent interactions can...

  This paper examines impact of trade liberalization on industrial growth of India. The research problem is expressed as “To what extent does trade liberalization or openness of the economy influence industrial growth of India?” To identify the impacts of trade liberalization, total time period, 1970-2010, is divided into two sub periods of before trade liberalization i.e. (1970 to 1990) an...

Over the past few decades, good governance has become an important issue in public administration. One key reason behind this reality is the paramount role of government in promoting sustainable development and protecting the environment. Therefore, evaluating the impact of good governance on the quality of the environment could be taken into consideration by both economic researchers and polic...

Since the 1980s, income inequality has increased significantly in developed and developing countries. The literature also seen studies that attempt to explain this rising trend inequality. Some explaining increase various ways have focused on economic globalization. Questions how steps taken towards liberalization international trade finance increasing market integration affect been at center o...