International Journal of Financial Economics and Econometrics (IJFEE) is a bi-annual academic journal devoted to publication of high quality original research on applied and theoretical issues related to financial economics and financial econometrics. The purpose of the journal is to provide an international forum for applied research on financial economic analysis. Features of the IJFEE include research papers, research notes, discussion articles, book reviews, software reviews, editorials and letters. Areas to be covered include, but are not limited to: international money and finance, corporate finance, economics of financial markets, methods for financial economic analysis, financial microeconomics, financial derivatives, financial accounting, time series analysis and financial forecasting.