Journal of Financial Economic Policy: Volume 9 Issue 1

Stock prices, exchange rate and interest rate: evidence beyond symmetry

Taufeeq Ajaz, Md Zulquar Nain, Bandi Kamaiah, Naresh Kumar Sharma

This paper aims to examine the dynamic interactions between monetary and financial variables in the Indian context.

Savings-investment-financial development trilogy: evidence from SSA

Ibrahim D. Raheem, Mutiu Abimbola Oyinlola

The study seeks to examine the role of financial development (FD) in the Feldstein–Horioka (FH) puzzle. The novelty of this study is based on the fact that the measures of FD are…

The macroeconomic effects of fiscal consolidation policies in Greece

Stephanos Papadamou, Trifon Tzivinikos

This paper aims to investigate the effects of contractionary fiscal policy shocks on major Greek macroeconomic variables within a structural vector autoregression framework while…

Does public investment crowd-out private investment in India

Shanmugam Muthu

The purpose of this paper is to examine the crowding-in or crowding-out relationship between public and private investment in India.

A note on money creation in emerging market economies

Alexey Ponomarenko

This paper aims to discuss the money creation mechanisms in emerging markets with special focus on external transactions and outlines the implications for monetary policy and…

Pension accounting reform and future cash flow predictability

Michael T. Dugan, Elizabeth H. Turner, Clark M. Wheatley

This paper aims to examine the association of accruals and disaggregated pension components with future cash flows and also to investigate whether investors distinguish between…

Discretionary provisioning practices among Western European banks

Peterson K. Ozili

The purpose of the study is to investigate whether discretionary ‘loan loss provisioning’ by Western European banks is driven by income smoothing or credit risk considerations.