• Possibilities of Trade Expansion among the SAARC Countries: Evidence from the Macro-Economic and Regional Trade Link Models 

      Rahman, Mohammad M
      Published 2005-02-01
      The paper examines the macroeconomic structure of SAARC countries-Bangladesh, India, Nepal, Pakistan and Sri Lanka- individually with a view that this would help policy makers and planners to analyse the impacts of different ...
      Open Access
      Working Paper
    • Central Bank Interventions in the Yen-Dollar Spot Market 

      Sheen, Jeffrey; Kim, Suk-Joong
      Published 2004-07-01
      We test the effectiveness of Bank of Japan (BOJ)’s foreign exchange interventions on conditional first and second moments of exchange rate returns and traded volumes, using a bivariate EGARCH model of the Yen/USD market ...
      Open Access
      Working Paper
    • Consumption Risk-sharing within Australia and with New Zealand 

      Kim, David; Sheen, Jeffrey
      Published 2005-05-01
      quantify how output risks are smoothed within Australia, and between Australia and New Zealand. About 85 percent of shocks were smoothed within Australia through credit and capital markets, with fiscal policy a source of ...
      Open Access
      Working Paper
    • Prices and Poverty in Urban Ethiopia 

      Gebremedhin, Tesfaye; Whelan, Stephen
      Published 2005-04-01
      Poverty is an ongoing issue in Ethiopia. The identification of policy options to address the problem primarily requires that poverty be measured accurately. One of the most important ingredients in the measurement of poverty ...
      Open Access
      Working Paper
    • Growth and Business Cycles with Imperfect Credit Markets 

      Chakrabarty, Debajyoti
      Published 2003-07-01
      We study the process of growth and business cycles in an open economy which has access to international financial markets. The financial market imperfection originates from costly state verification and a positive probability ...
      Open Access
      Working Paper