this study investigates the effects of  macroeconomic variables and their role in development of foreign exchange market. the foreign exchange market is the mechanism by which a person of firm transfers purchasing power form one country to another, obtains or provides credit for international trade transactions, and minimizes exposure to foreign exchange risk. the foreign exchange transaction i...

policy makers have taken into less consideration the market mechanism in the allocation of water resources, contrary to its long role and precedent in allocation goods and resources. the market mechanism is used in many regions of world for water management to increase the water scarcity certainly, but historical form of acquiring water resources didn’t lead to a proper market so economic price...

this paper uses a multivariate garch model to simultaneously estimate the mean and conditional variance using daily returns among different tehran sector indexes from tir 1386 to tir 1391. since different financial assets are traded based on these sector indexes, it is important for financial market participants to understand the volatility transmission mechanism over time and across sectors in...

in this paper in the beginning the theoretical basis of school and neo- classic keynsian new classic and new keynsian in economic frame based on market is surveyed. then evaluating and critice performed till their weak ness is underlined in this paper the viewpoint of the scientists who are in agreement with inrolvement of state in managed aggregate of also is treated evalued. during the survey...

Job Market Signaling and Employer Learning This paper extends the job market signaling model of Spence (1973) by allowing firms to learn the ability of their employees over time. Contrary to the model without employer learning, we find that the Intuitive Criterion does not always select a unique separating equilibrium. When the Intuitive Criterion bites and information is purely asymmetric, the...

This study extends from Liu and Mei (1992) by further investigation of assets, real estate related securities, which includes both equity and mortgage real estate investment trusts (REITs), the stocks of builderand owner-companies, and mortgagebacked securities (MBSs). There are five major findings. First, expected excess returns of real estate related securities are more predictable than the e...