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Does long-run purchasing power parity hold in Eastern and Southern African countries? Evidence from panel data stationary tests with multiple structural breaks

This study tests for the long-run purchasing power parity hypothesis for a panel of 17 African economies, all belonging to the Common Market for Eastern and Southern Africa, over the period 1970-2007. This assumption is considered both in its traditional v...
Wiley InterScience Sat, 07 Nov 2009 16:57:02 GMT

Information technology and its impact on stock returns and trading volume

This study investigates the impact of information technology on common stock returns and trading volume. By focusing mainly on the peak period of the hi-tech phenomenon, the findings imply that the market response to website launching is positive. During t...
Wiley InterScience Sat, 07 Nov 2009 16:57:02 GMT

Stock return predictability and dividend-price ratio: a nonlinear approach

This paper examines the forecasting ability of the dividend-price ratio for international stock market returns. Hitherto, existing research has only considered this issue in sample and in a linear framework. Hence, this paper provides the first systematic ...
Wiley InterScience Sat, 07 Nov 2009 16:57:02 GMT

G20 ministers agree stimulus still needed

But no consensus on British plan for tax on financial transactions to fund future bailouts
The Globe and Mail Sat, 7 Nov 2009 14:15 -0500

Stocks and Bonds: Seeing the Glass Half Full Despite the Day's Reports

The market had been expecting unemployment to top 10 percent before peaking. But the pace of job losses has accelerated and the rate is likely to go higher.
International Herald Tribune Sat, 07 Nov 2009 08:18:59 GMT

Jobless rate is the worst since the Depression

In all, more than one out of every six workers were unemployed or underemployed in October.
Houston Chronicle Sat, 07 Nov 2009 06:30:00 GMT

Q&A: Official details Spain's big green-energy push

Windmills and solar panels abound in Spain, and the country has been recognized as one of the world leaders in the development of its renewable energy industry. Miguel Sebastían, the European nation's minister of industry, tourism and trade, recently toure...
Houston Chronicle Sat, 07 Nov 2009 06:00:00 GMT

British Bankers Defend Their Pay and Bonuses

Regulators, central bankers and citizens are criticizing bankers for continuing large compensation packages while receiving government funds.
International Herald Tribune Sat, 07 Nov 2009 06:21:28 GMT

Off the Charts: Car Buyers Come Back, but Not in Droves

A factor causing sluggishness may be that auto companies produced and, with discounts, sold too many cars in the years before the recession.
International Herald Tribune Sat, 07 Nov 2009 06:25:07 GMT

Los Ministros de Finanzas del G-20 Discuten Como Eliminar Progresivamente el Estímulo

Los políticos del G-20 siguen divididos sobre cómo reducir los programas de estímulo fiscal y monetario en la actual ministro de Finanzas del G-20 y del Banco Central, de la reunión....
Hispanic Business Sat, 7 Nov 2009 06:38:17 PST

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