modeling this market’s high volatility to prevent against crises.The strong linkage of the American and European New Technology …

a proportionality constant which is comparable to the spot rate volatility. This suggests that forward rate market … volatility `hump' around one year found by several authors (and which we confirm). Finally, the number of independent components …

This paper applies the technique of Granger Causality to determine the relationship between total government …

timing framework and a more general causality specification. The empirical results lead to the following conclusions. First …

short run and in the long run, and third, to investigate the direction of causality between these two variables. To … the third objective, it emerges that in the great majority of two-digit manufactur-ing industries the causality runs from … cost function, and run the appropriate stability and causality tests. …

causality relationship is much stronger when one market trades right after another. Although our results show violations of …. Instead, these strong causality relationships may be due to some unique characteristics of each of three currency markets …