Value at Risk (VaR) is increasingly popular as a management and regulatory tool. To further its acceptance it is necessary to assess its reliability under conditions likely to be encountered in financial markets. A logical ...

Chess is an intellectually demanding game played by millions of people around the world. Yet unlike tennis or other competitive sports there are few changes in the rankings of chess players. There have only been twelve ...

Long-term predictions are indispensable for planning and strategy. Yet little is known about their value, their limitations or the most appropriate way of making and using them. This paper examines these issues and proposes ...

The purpose of this paper is to apply the Box–Jenkins methodology to ARIMA models and determine the reasons why in empirical tests it is found that the post-sample forecasting the accuracy of such models is generally worse ...

In this article, the authors begin by examining the current position of the Greek economy, its business environment and firms, noting a duality of extremes between family-owned firms and the subsidiaries of multinationals. ...

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 ...

This paper relates economic theorising and policy making in a context of people's changing behaviour, which makes economy to work in a different way. As economic theory is not adapting to these changes, it produces false ...

It has already become absolutely clear, and time between now and 1/1 /1999 (date of its introduction) serves only too well to confirm this, that the EURO, the currency of the EU Member States that have joined (or will soon ...

Η σημασία, την οποία ενέχουν αφ' εαυτών, η Ευρωπαϊκή Ένωση, το περί αυτήν Δίκαιο, ο ρόλος τον οποίο διαδραματίζει παγκοσμίως, οι κίνδυνοι, που «εμπερικλείει» erga omnes και οι οίες δήποτε προοπτικές της, πρέπει προφανώς ...

Δεν υπάρχει καμιά αμφιβολία ότι το τέλος του 20ου αιώνα σημαδεύεται από μια πραγματική κοσμογονία στο χώρο των επιχειρήσεων με σοβαρές επιπτώσεις στις κοινωνίες των διαφόρων χωρών. Η παγκοσμιοποίηση των οικονομιών και των ...