This paper extends the literature on foreign banking by developing a model that attempts to explain the performance of Greek banks operating abroad using a balanced pooled time-series dataset. Five variables are drawn from ...

This paper examines the determinants of profits of Greek banks operating abroad by developing an integrated model that includes a set of determinants informed by the literature on the profitability of both multinational ...

This paper investigates the relationship between the effective tax rate on bank income and bank profit efficiency. Our sample consists of 3,472 observations from 533 publicly quoted commercial banks operating in 46 countries ...

Central banks typically have a long-run inflation target that is modestly positive. However, the standard New Keynesian framework prescribes that zero inflation is the optimal longrun target. In this paper, we show that ...

This paper investigates the volatility spillovers of four major equity markets using a new approach namely, the Filtered Historical Simulation approach (FHS). The FHS captures very effectively the changes ...

In this paper we show that by assuming a constant variance/covariance matrix over the holding period, the VaR limits can often be exceeded within the relevant horizon period. To minimize this risk, we formulate the problem ...

The system approach views any organized entity as a unity composed of interdependent parts capable of sensitive and accurate interaction among themselves and with their environment. It is the mutual interaction among ...

This paper asserts that the Second Law of Thermodynamics (SLT) despite holding truc in ail laboratory tests heretofore conducted, cannot, by itself, explain the hierarchical universe. By examination of the existing evidence, ...

In Part I, we extended the work of Ashby [1,2] to develop an analytical framework for determining the relation betweén system size and system stability. It was established that, for linear dynamic systems, as the number ...

The concept of a system has been identified in a large number of disciplines; biology, management science, economics, sociology, political science, theology, law, etc., have profited by the apparatus associated with ...

Forecasting errors fall in two clearly different categories: (a) the residual errors from fitting a model to the available data and (b) the post-sample forecasting errors. The emphasis of statistical theory and forecasting ...

First, it is practically oriented. It avoids theoretical, and mathematical discussions. It directly gets into how to use it, when to use it, what it is used for, and what resources are required of it. It includes many ...

Strategy theories make great claims about their ability to contribute to business success, but how realistic are those claims? We only have to look back to re engineering and its promised miracles, for a lesson in how far ...

First i would like to thank the commentators for their excellent and well thought comments on my paper. I believe that there is little disagrement between their views and mine. All commentators, with the possible exception ...

When I compare the field of forecasting with other social science disciplines I see a major advantage. We have the ability to empirically test the validity of our theories and find out the methods/ models that provide ...