Macroeconomics: Principles, Applications and Challenges


Carly M. Hutson (Editor)

Series: Economic Issues, Problems and Perspectives
BISAC: BUS039000

The first chapter in this book deals with an analysis of determinants of both net international investment positions and net costs of negative investment positions in transitive countries. It defines sustainable conditions that assume foreign investors will be prepared to continue to (re)finance negative investment positions in short and long-time periods.

The sustainability conditions are derived from dynamics of both sources created through net export surplus and negative net yields paid from an international investment position. This chapter points out important differences between a position of large advanced and small transitive economies in the case of net costs of a negative net investment position. The second chapter examines the Messe-Rogoff puzzle, which demonstrates that exchange rate models cannot outperform the random walk in out-of-sample forecasting. The final chapter assesses the productivity change and efficiency of banks in Ghana.

(Imprint: Novinka)

Table of Contents

Table of Contents


Chapter 1 – Sustainability of Negative International Investment Position in Transitive Countries: The Case of the Czech Republic in 2000-2011 (pp. 1-34)
Karel Brůna (University Of Economics in Prague, Czech Republic)

Chapter 2 – The Meese-Rogoff Puzzle: What Puzzle? (pp. 35-74)
Imad A. Moosa and Kelly Burns (RMIT, and Curtin University, Australia)

Chapter 3 – Productivity Change and Efficiency of Ghana‘s Banks: Application of Data Envelopment Analysis and Malmquist Productivity Index (pp. 75-94)
Kofi Adjei-Frimpong, Christopher Gan and Baiding Hu (Research Associate, Faculty of Commerce, Department of Accounting, Economics and Finance, Lincoln University, Canterbury, New Zealand, and others)


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