Peniciir?Cj ? tons^itis* Denny, Wannamaker, Hahn3 gave 600,000 units of procaine but had y ̂ or 5 days an<^ concluded that it relieved the sore throat and headache, curren n>? e^ect on chilliness. Penicillin is also beneficial in the prevention of re^reer^68 n PeoPle who have already had rheumatic fever (Massell, Sturgis, Knobloch, Howe' and Norcross).4 sUlphonVCr* ^ s.eems important to know if ...

In this paper, the adequacy of foreign exchange reserves in Serbia and factors that influence their accumulation is analyzed by means an econometric model. The relevant variables, such as gross domestic product (GDP), real effective rate (REER) monetary aggregate M2/GDP are included analysis. unit root tests applied research led to conclusion timeseries were integrated order I(1). cointegration...

Abstract The determination of the equilibrium real exchange rate is one most important issues in open economy since policymakers are concerned about predicting and monitoring misalignments they usually associated with current account problems currency crises. To best my knowledge, this first time a study provides empirical evidence on impact deviations from long-run sustainable economic growth ...

Why do incumbent firms innovate more slowly than entrants? This incumbententrant timing gap is the key to understanding the industry dynamics of “creative destruction.” Theories predict cannibalization between existing and new products delays incumbents’ innovation, whereas preemptive motives accelerate it, and incumbents’ cost (dis)advantage would further reinforce these tendencies. To empiric...

The purchasing power parity (PPP) is generally accepted as the exchange rate projection between two countries relative to their inflation rate. However, despites many researches in past years, answer whether PPP holds, remains an on-going debate. prior are criticized for heavy reliance on bilateral which consists of short time-series or uses multilateral real effective (REER) constructed by fix...

The purpose of this paper is to study the impact of the monetary policy instruments and to explore the extent to which macroeconomic variables affect the Romanian stock market’s behaviour in the 2000 – 2011 period with a GARCH-family system of simultaneous equations. Another rational of this research is to determine whether stocks are a good hedge against inflation on the Romanian financial mar...

This article explores the robustness of Behavioural Equilibrium Exchange Rate models, employed to estimate real effective exchange rate misalignments, frequency underlying data. It compares misalignments stemming from an annual model, estimated since 1980, and a comparable quarterly 1999. The two sets estimates are similar. Moreover, in-sample power REER in explaining subsequent developments is...