An economic evaluation of empirical exchange rate models

Author(s):

Lucio Sarno

Topic:
Finance
Industry:
Public Policy

This paper provides a comprehensive evaluation of the short-horizon predictive ability of economic fundamentals and forward premia on monthly exchange rate returns in a framework that allows for volatility timing.

Updated: 27/10/2011
Comments:
Views: 5,869

Caution or activism? Monetary policy strategies in an open economy

Author(s):

Lucio Sarno

Topic:
Finance

We examine optimal policy in a two-country model with uncertainty and learning, where monetary policy actions affect the real economy through the real exchange rate channel.

Updated: 27/10/2011
Comments:
Views: 5,454

An economic evaluation of empirical exchange rate models

Author(s):

Lucio Sarno

Topic:
Finance

This paper provides a comprehensive evaluation of the short-horizon predictive ability of economic fundamentals and forward premiums on monthly exchange-rate returns in a framework that allows for volatility timing.

Updated: 27/10/2011
Comments:
Views: 5,051

Socio-economic development and international migration: a Turkish study

Author(s):

Gulnur Muradoglu

Topic:
Finance
Industry:
Public Policy

This article investigates the relationship between economic development and migration by taking into consideration the question of what degrees of economic development form thresholds for migrations. The paper focuses on recent evidence on the development and emigration relationship in Turkey which reflects a dimension of the dynamics and mechanisms facilitating or restricting migratory flows from the country.

Updated: 22/09/2011
Comments:
Views: 5,637

Liquidity, bank credit and money

Author(s):

Alistair Milne

Topic:
Finance

One consequence of the current global financial crisis has been that central banks can no longer closely control market rates of intersts and have reverted to quantitative approaches to monetary policy. Macromonetary models lag well behind these developments and this paper provides a step towards filling this gap.

Updated: 22/09/2011
Comments:
Views: 5,217

From funding gaps to thin markets: UK government support for early-stage venture capital

Topic:
Finance
Industry:
Public Policy

Hybrid venture capital funds have a small positive impact on firm performance. This paper explores the implications of this finding for public policy in the United Kingdom.

Updated: 22/09/2011
Comments:
Views: 5,331

Government as credit insurer of last resort

Author(s):

Alistair Milne

Topic:
Finance

Dr Alistair Milne, a reader in banking at the Cass Business School, published The Fall of the House of Credit with Cambridge University Press . Steve Thomas, Professor of Finance, caught up with him to talk about the convictions behind the work. Both are Cass Experts. Included is the transcript and a summary of the key points.

Updated: 28/09/2011
Comments:
Views: 17,848

The regulatory response to the financial crisis

In his keynote speech at the The Transmission of Credit Risk and Bank Stability Conference at Cass Business School, Charles Goodhart, Emeritus Professor London School of Economics, gave a detailed appraisal of the United Kingdom\'s financial system.

Updated: 25/12/2014
Comments: 46
Views: 12,156

Thought leadership - moving hearts and minds

All leadership starts with thinking - about problems, about possibilities and about organisational capabilities. In a workshop at Cass Business School, Robin Ryde, the Head of the Centre for Strategic Leadership within the National School of Government, looked at what executives can do to transform the thinking and actions of those around them.

Updated: 29/12/2014
Comments: 4
Views: 5,366