...Dharen Kumar Pandey Purpose This study examines the immediate impact of the Israel-Iran conflict on global stock markets and currency pairs, focusing on how these effects vary by market maturity and geographic region. Design/methodology/approach This study uses the event study method...

...Abbas Valadkhani; Majid Nameni Purpose The Iranian currency (rial) depreciated on average 12.2 per cent per annum against the US dollar during the period 1960‐1998 but, despite continued two‐digit rates of inflation, the rial has witnessed only a meagre 1.7 per cent fall in its value in the post...

... currencies – the Deutsch mark, the Japanese yen, the British pound, and the US dollar. Design/methodology/approach The paper uses standard unit root tests and level and trend stationarity tests, and also investigates the robustness of the results to alternative testing methodologies from statistical...

... in Turkey. The estimation results show that expected exchange rate is statistically significant in the money demand function, indicating existence of currency substitution in Turkey. The dynamics of money demand is important, the inflation and income effects are much smaller in the short‐run than long‐run...

...Rodney Schmidt Controls on short‐term capital inflows or panic‐driven capital outflows may benefit emerging markets that have fragile financial sectors and adjustable‐peg currency regimes. However, the controls seen so far are relatively easy to evade, often complex and obscure, and supported...

... currency – i^* + x^e where x^e is the expected percentage change in the exchange rate – affects the demand for foreign securities positively and the demand for domestic money negatively. Since Cuddington sets the nominal return on foreign money...

... normal maximum likelihood (ML) estimators. An explicit solution of the ML estimators is not analytically feasible and we need to use numerical estimation methods. Once we estimate the unknown parameters, we can forecast the future value of the dependent variable by the Equation (9) Currencies...

...Ching‐chong Lai; Wen‐ya Chang Analyses how the status of balance of payments follows se\ill\fulfilling expectations of currency devaluation. It is found that before a currency devaluation, whether the economy w\ill\ experience a balance‐of‐payments surplus or deficit crucial depends on the degree...