Introducing heterogeneous households to a New Keynesian small open economy model
amplifies the real income channel of exchange rates: the rise in import prices from a …

By making use of a recently released panel dataset that covers 61 provinces of Vietnam from
1996–2005, this study examines the link between foreign direct investment and economic …

This paper examines how oil price shocks affect the output growth of selected MENA
countries that are considered either net exporters or net importers of this commodity, but are …

The European currency crises of 1992-93, the Mexican crisis of 1994-95, and especially the
Asian/global crisis of 1997-98, have all contributed to a heightened interest in the early …

This study investigates the macroeconomic effects of adverse oil price shocks on a small oil-
exporting economy—the Azerbaijan economy. We estimate a recursive (near) VAR model …

However, little is known about the determinants that affect the pricing and thus yield spreads
of new emerging market bond issues. The issue of how spreads are determined for …

By making use of the bank-based theory of financial development, this paper develops a
simultaneous equations model that allows one to empirically examine the interrelationship …

Economic functioning will be realized non-problematically to an extent that countries can
achieve financial deepening. Financial deepening will provide an important role for …

This study investigates the effect of exchange rate movements on real output growth in
Nigeria. Based on quarterly series for the period 1986 to 2010, the paper examines the …

Cross-country regressions, reported in this paper for 1960-99 period, seem to suggest that
the accumulation of foreign exchange reserves (FER) contributes to economic growth of a …