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Article
Publication date: 1 April 1993

Penelope M. Mullen

Waiting lists have been a cause of concern since the inception ofthe NHS. Many theories have been put forward to explain their existenceand there have been many proposals…

Abstract

Waiting lists have been a cause of concern since the inception of the NHS. Many theories have been put forward to explain their existence and there have been many proposals to reduce their length. With the current changes in the NHS and the introduction of the Patient′s Charter has come a renewed emphasis on reducing waiting lists and waiting times. However, analysis of incentives within the new system suggests that waiting lists may be reduced by limiting access rather than by increasing treatment rate. Further, not only GP Fundholding, but also the contractual relationships between District Health Authorities and hospitals may lead to two‐tier systems, with admission priorities based on source of funding rather than clinical urgency. Overall, it is concluded that the NHS Review may result in fewer people obtaining treatment, but with shorter waits for those who do receive treatment.

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Journal of Management in Medicine, vol. 7 no. 4
Type: Research Article
ISSN: 0268-9235

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Book part
Publication date: 16 October 2003

Michele Fratianni

This paper reviews the thirteen-year record of Open Economies Review (OER), an economics journal specializing in issues of the open economy, both at the micro and macro…

Abstract

This paper reviews the thirteen-year record of Open Economies Review (OER), an economics journal specializing in issues of the open economy, both at the micro and macro levels. It first examines the journal’s output – defined by number and type of articles published, location of the authors’ institutional affiliation, recurrent themes, and rejection rates – and then critically assesses the development of big themes in international economics and finance, where OER authors have made a contribution. The main conclusion is that national border represents a big constraint to the expansion of the open economy, a point not lost by OER authors.

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Leadership in International Business Education and Research
Type: Book
ISBN: 978-1-84950-224-5

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Book part
Publication date: 23 December 2005

Colm Kearney and Cal Muckley

We study up to 27 years of weekly data on nine currencies to examine the importance of the Japanese yen in exchange rate determination in North and Southeast Asia. We…

Abstract

We study up to 27 years of weekly data on nine currencies to examine the importance of the Japanese yen in exchange rate determination in North and Southeast Asia. We combine a time-varying methodology alongside a focus on long-run equilibrium. Our findings suggest that the Japanese yen had virtually no influence on Asian exchange rates in the 10-year period prior to the Asian financial crisis in the late 1990s. Since the crisis, the yen and the German mark in particular have exerted a significant influence over the region's exchange rates except for the Chinese yuan, the Hong Kong dollar and the Malaysian ringgit, which continue to be closely related to the US dollar.

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Asia Pacific Financial Markets in Comparative Perspective: Issues and Implications for the 21st Century
Type: Book
ISBN: 978-0-76231-258-0

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Book part
Publication date: 3 June 2021

Sovik Mukherjee

There is a rich literature which states that India did not suffer much from the impacts of the US financial crisis, but there is a school of thought which believes that…

Abstract

There is a rich literature which states that India did not suffer much from the impacts of the US financial crisis, but there is a school of thought which believes that the idea of India being insulated or decoupled from the contagion on account of limited integration into the world economy has been proved to be wrong. What is interesting is the focus has always been on the services sector and not on the manufacturing sector in India. In this background, this chapter tries to understand whether manufacturing sectors' productivity growth was one of the reasons that the crisis worsened in India or was it because of the crisis that India's manufacturing sector went into a deep recession. To look into the causality issue, the author estimates the productivity loss index (PLI) for the Indian industries during the period between July 2007 and July 2010 by estimating the fall in growth percentages in consecutive months for a total of 9,000 manufacturing, mining, and electricity industries. The data at monthly level have been retrieved from the Centre for Monitoring Indian Economy (CMIE) Prowess database. Based on the causality results, the chapter shows that it was because of the subprime crisis that India's manufacturing sector went into a deep recession. Using a probit model, the chapter also estimates the probability of the US subprime crisis being responsible for the productivity loss in India's manufacturing sector during the above-mentioned period.

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Productivity Growth in the Manufacturing Sector
Type: Book
ISBN: 978-1-80071-094-8

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Article
Publication date: 1 March 1991

R.R. West, S.J. Frankel and R.E. Roberts

A study comprising both questionnaire and interview of patientswaiting for general surgery revealed that the majority of patientssuffer from relatively few clinical…

Abstract

A study comprising both questionnaire and interview of patients waiting for general surgery revealed that the majority of patients suffer from relatively few clinical conditions, that more than three‐quarters had been on the in‐patient list for over a year and that they suffered significant pain while waiting. Patients added to long lists with initially non‐serious (non‐life‐threatening) conditions may be overlooked, yet their clinical and associated social conditions may deteriorate. Since treatment for these conditions is generally effective, many patients would benefit from more organised queue management and earlier surgery.

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Journal of Management in Medicine, vol. 5 no. 3
Type: Research Article
ISSN: 0268-9235

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Book part
Publication date: 2 March 2011

Xiaobing Feng and Ilan Alon

Although China has claimed since 2005 that it will move towards a more market-oriented system of managing its foreign exchange, it has remained, in part, a managed…

Abstract

Although China has claimed since 2005 that it will move towards a more market-oriented system of managing its foreign exchange, it has remained, in part, a managed economic system. This chapter examines the relative importance of fundamentalist, chartist and currency arrangements in determining the RMB exchange regime using both traditional linear and non-linear artificial intelligence models. We find that the emphasis on the US dollar as a reference currency has declined. Fundamentalist forces are becoming strong determinants of the currency exchange. The genetic programming approach is among the best performing in minimizing forecasting error.

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The Impact of the Global Financial Crisis on Emerging Financial Markets
Type: Book
ISBN: 978-0-85724-754-4

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Article
Publication date: 30 November 2005

Shamsud D. Chowdhury

This study is an attempt to verify the mostly anecdotal or case‐based assertions regarding the imperviousness of Japanese management to the threats of large institutional…

Abstract

This study is an attempt to verify the mostly anecdotal or case‐based assertions regarding the imperviousness of Japanese management to the threats of large institutional stockholders. Using data drawn from 118 corporations in five industry sectors, and applying an econometric technique, we propose to verify the differences, if any, in the relationship of a set of eight firmlevel strategic attributes and corporate efficiency across two distinct institutional ownership settings: high versus low. The test results reveal a structural homogeneity across both settings, suggesting that Japanese managers are independent of pressures from institutional owners across high and low levels of ownership. The study’s academic and managerial implications are also given.

Details

International Journal of Commerce and Management, vol. 15 no. 3/4
Type: Research Article
ISSN: 1056-9219

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Book part
Publication date: 8 March 2011

Guonan Ma and Robert N McCauley

The renminbi (RMB) has evolved in four phases since its mid-2005 unpegging from the US dollar. After a year's transition, the RMB's effective exchange rate traded for two…

Abstract

The renminbi (RMB) has evolved in four phases since its mid-2005 unpegging from the US dollar. After a year's transition, the RMB's effective exchange rate traded for two years within narrow bands around an appreciating trend. That is, the RMB behaved as if it were managed to strengthen gradually against trading partners’ currencies. This experiment was interrupted in mid-2008 and the RMB stabilized against a strong dollar amidst the global financial crisis. If Chinese policy were to return to effective currency stability and other East Asian countries were to pursue similar policies, regional currency stability would be enhanced. That would create more favorable conditions for an evolution towards monetary cooperation.

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Article
Publication date: 11 January 2016

Sena Kimm Gnangnon

The purpose of this paper is to investigate how trade openness affects the structural vulnerability of developing countries. The analysis is conducted on both the entire…

Abstract

Purpose

The purpose of this paper is to investigate how trade openness affects the structural vulnerability of developing countries. The analysis is conducted on both the entire sample of 105 countries as well as two sub-samples, namely least developed countries (LDCs) and non-LDCs.

Design/methodology/approach

To perform the analysis, the author employs fixed-effects (within) regressions supplemented by instrumental variables technique based on the two-step generalized methods of moments approach.

Findings

The author finds empirical evidence that although trade policy liberalization reduces the structural vulnerability on the entire sample developing countries, no statistically significant effect of such liberalization is obtained either on LDCs or non-LDCs. However, trade policy liberalization appears to reduce countries’ exposure to shocks, result that applies to the entire sample as well as the two sub-samples. The author also observes that trade policy liberalization exerts no (statistically) significant effect on the size of shocks that affect developing countries, result that applies to both the full sample and the sub-samples of LDCs and non-LDCs.

Research limitations/implications

In the absence of a well-established theoretical framework on how trade openness affects the structural vulnerability of developing, the author adopts a pragmatic approach by drawing upon many insights of Loayza and Raddatz (2007) who study the structural determinants of external vulnerability.

Practical implications

Developing countries in general and LDCs in particular could address their structural weaknesses by making optimal use of their trade policies. In particular, they could better use the flexibilities available to them in provisions of the World Trade Organization (WTO)’ Agreements. In this respect, the international community, notably donors of the developed world has a key role to play.

Originality/value

This is the first study exploring how trade openness, capturing here through trade policy liberalization affects the structural vulnerability of developing countries.

Details

Journal of Economic Studies, vol. 43 no. 1
Type: Research Article
ISSN: 0144-3585

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Article
Publication date: 8 April 2021

Harpreet Singh Grewal and Pushpa Trivedi

The purpose of this paper is to investigate the impact of the US unconventional monetary policy surprises on the management of trilemma in India.

Abstract

Purpose

The purpose of this paper is to investigate the impact of the US unconventional monetary policy surprises on the management of trilemma in India.

Design/methodology/approach

This paper uses the event study approach along with OLS and MANOVA to examine the impact.

Findings

The results validate the existence of trilemma in India for the period from October 2008 to December 2017. The results also show that monetary policy independence still exists in India in the wake of greater spillover effects during the Federal Open Market Committee announcement days. The spillover effects on USD-INR exchange rates and capital flows are found to be statistically significant. The MANOVA results show that the trilemma in India is influenced by around 20% by the changes in the US monetary policy.

Originality/value

The above approach of event study combined with MANOVA in this subject area has not been used before to the best of the authors’ knowledge. Further, there are only a few studies that exist on the spillover effects of the US monetary policy actions on the management of trilemma in India.

Details

International Journal of Emerging Markets, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1746-8809

Keywords

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