The Asian Journal ofEconomics and Finance

A J E F

Editor-in-Chief: Nicholas Apergis

Volume 1, Number 1, January-March 2019

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Published by:

Academic Research Foundations (India)

Call For Papers

EDITORIAL BOARD

Editor-in-Chief

Nicholas ApergisUniversity of Piraeus, Greece, napergis@unipi.gr

MEMBERS

1.� Alana Luis Alberico Gil, University of Navarra, Spain, Alana@unav.es

2.� Antonakakis Nikolaos, Webster University Vienna, Austria, Nikolaos.Antonakakis@webster.ac.at

3.� Apergis, Emmanuel, University of Kent, UK, ea350@kent.ac.uk

4.� Asimakopoulos Stylianos, University of Bath, UK, s.asimakopoulos@bath.ac.uk

5.� Aslan Alper, Nevsehir University, Turkey, alperaslan@nevsehir.edu.tr

6.� Bouras Christos, University of Piraeus, cbouras2001@yahoo.com

7.� Bulut Umit, Kirsehir Ahi Evran University, Turkey, ubulut@ahievran.edu.tr

8.� Chatziantoniou Ioannis, University of Portsmouth, UK, ioannis.chatziantoniou@port.ac.uk

9.� Christou Christina, Open University of Cyprus, Cyprus, Christina.christou@ouc.ac.cy

10.� Cooray Arusha, Sri Lanka Ambassador, Norway, Ambassador@srilanka.no

11.� Dergiades Theologos, University of Macedonia, Greece, dergiades@uom.gr

12.� Eleftheriou Kostas, University of Piraeus, Greece, keleft@unipi.gr

13.� Eleftheriou Sofia, Open University of Cyprus, Cyprus, sofia.eleftheriou@ouc.ac.cy

14.� Ewing Bradley, Texas Tech University, USA, Bradley. Ewing@ttu.edu

15.� Gozgor Giray, Instabbul Medeniyet University, Turkey, giray.gozgor@medeniyet.edu.tr

16.� Hasan Iftekar, Fordham University, USA, ihasan@fordham.edu

17.� Hasanov Fakhri, King Abdullah Petroleum Studies and Research Center, Saudi Arabia, fakhri.hasanov@kapsarc.org

18.� Katsait Marina-Selini, United Arab Emirates University, United Arab Emirates, Selini.Katsaiti@uaeu.ac.ae

19.� Kocak Emrah, Erciyes University, Turkey, emrahkocak@erciyes.edu.tr

20.� Kunitsyna Natalia, North-Caucasus Federal University, Russia, natkun2004@mail.ru

21.� Lau Chi Keung, Huddersfield University, UK, C.Lau@hud.ac.uk

22.� Hooi Hooi Lean, Universiti Sains Malaysia, Malaysia, hooilean@usm.my

23.� Mehdi Ben Jebli, University of Jendouba and University of Manouba, Tunisia, benjebli.mehdi@gmail.com

24.� Ordónez Monfort, Javier , Universitat Jaume I, Spain, Javier.ordonez@eco.uji.es

25.� Ozcan Burcu, Firat University, Turkey, bozkan@firat.edu.tr

26.� Ozturk Ilhan, Cag University, Turkey, ilhanozturk@cag.edu.tr

27.� Paramati Sudharshan Reddy, University of Dundee, UK, s.paramati@dundee.ac.uk

28.� Polemis Michalis, University of Piraeus, Greece, mpolemis@unipi.gr

29.� Pragidis Yiannis, Democritus University of Thrace, Greece, gpragid@econ.duth.gr

30.� Shuddhasattwa Rafiq, Deakin University, Australia, srafiq@deakin.edu.au

31.� Rehman Mobeen, Shabeed Zuffigar Ali Bhutto Institute of Science and Technology, Pakistan, Mobeen.rehman@szabist-isb.edu.pk

32.� Salim Ruhul, Curtin University, Australia, Ruhul.Salim@cbs.curtin.edu.au

33.� Seetaram Neelu, Huddersfield University, UK, N.Seetaram@hud.ac.uk

34.� Smyth Russell, Monash University, Australia, russell.smyth@monash.edu

35.� Toh Guat Guan, Tunku Abdul Rahman University College, Malaysia, tohgg@tarc.edu.my

36.� Trueck Stefan, Macquarie University, Australia, stefan.trueck@mq.edu.au

37.� Voliotis Dimitrios, University of Piraeus, Greece, dvoliotis@unipi.gr

38.� Yan Ho-Don, FengChia University, Taiwan, hdyan@fcu.edu.tw

Asian Journal of Economics and Finance (AJEF) invites submission of papers on theoretical and applied/empirical economics and finance and related fields, such as accounting that are of high scientific quality. Papers on the policy relevance of the findings are also welcome. The AJEF is an international, peer-reviewed journal at the forefront of economic and finance research, fostering discussion on advances in research which have a significant, long-term impact. With papers from both economists and finance experts, AJEF represents a focal point for understanding issues involved in the developments of certain area in economics and finance, providing a global perspective on economic and financial questions at national and international levels.

AJEF journal focuses, but is not restricted, on the following topics:

Microeconomics, Macroeconomics, Monetary Economics, Central Banking, Corporate Finance, International Finance, Open Macroeconomics, Economic Policy, International Monetary Systems, Financial Institutions, Banking, International Banking, Banking Regulation, Capital and Money Markets, Real Estate Finance and Investments, Financial Derivatives, Commodity Markets, Theoretical and Applied Econometrics, Public Finance, Fiscal Policy, International Financial Stability, Financial Economics.

All papers submitted to AJEF undergo a rigorous peer review process by leading experts. The review process normally takes 4 to 8 weeks. When the review process is complete, the Editor-in-Chief will inform the author(s) about the results of the evaluation process. Based on each reviewer's evaluation, the Editor will accept the manuscript for publication (without any improvement, with minor revision, or with major revisions) or will reject it.

CALL FOR PAPERS

INSTRUCTION TO AUTHORS

Papers must be in EnglishPapers for publication should be send in duplicate to the Editor

NICHOLAS APERGISUniversity of Piraeus, Greece, napergis@unipi.gr

Submission of a paper will be held to imply that it contains original unpublished work and is not being submitted for publication elsewhere. The Journal does not accept responsibility for damage or loss of papers submitted. Submitted manuscripts that exceed 25 pages cannot be considered.Submission of a paper accompanied with a disk is encouraged. The paper file should be in MS-WORD or PDF format.Manuscripts should be double spaced, with wide margins, and printed on one side of the paper only. All pages should be numbered consecutively. Titles and subtitles should be kept as short as possible. References, tables, and figures should be printed on separate pages.The first page of the manuscript should contain the following information: (1) the title, (2) the name(s) and institutional affiliation(s) of the author(s), (3) an abstract of not more than 100 words, (4) up to 4 key words, and (5) up to three JEL classification codes. A footnote should also provide information on the name, address, telephone number, fax number, and E-mail address of the corresponding author.Footnotes should be kept to a minimum and numbered consecutively throughout the text with superscript Arabic numerals. They should appear at the end of the main text and should not include tables, figures or formulae.Formulae should be numbered consecutively throughout the manuscript as (1), (2), … against the right-hand margin of the page. If the derivation of the formulae has been abbreviated, the full derivation should be presented on an Appendix.References should appear in the text as Smith (1992) or Smith et al. (1998). The author should make sure that there is a strict one-to-one correspondence between the names and the years in the text and those on the reference list. The reference list should appear at the end of the main text, before tables and figures. It should be listed in alphabetical order by author’s name. References should appear as follows:For monographs: Hansen, J. D., 2001. European Integration: An Economic Perspective. Oxford: Oxford University Press.For contributions to collective works: Laursen, F., 1995. ‘On studying European integration theory and political economy’, in F. Laursen (ed.),The Political Economy of European Integration, European Institute of Public Administration, Kluwer Law International, Maastricht.For periodicals: Wyplosz, C., 1997. ‘EMU: why and how it might happen’, Journal of Economic Perspectives 4, 3-22.Journal titles should not be abbreviated.Tables should be numbered consecutively in the text in Arabic numerals and printed on separate pages. The author(s) should point where the table should be inserted in the text.Figures (illustrations) should not be inserted in the text, and should be marked on the back with figure number and appropriate explanatory legends, and/or sources, and/or notes. They should be numbered in Arabic numerals and consecutively. The author(s) should point where the figure should be inserted in the text.“Articles published in this journal are classified by the Journal of Economic Literature (JEL) the journal also classified by Cabell’s Directory PublicatinosDisclaimer: This publication contains information obtained from authentic and highly regarded sources. Reasonable effort has been made to publish reliable data and information, but the author and the publisher cannot assume responsibility for the validity of all materials or for the consequences of the use.All rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted, in any form, or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission, in writing, from the publisher or the author.Publication Fee : US$ 150/- per paper