FX pricing processes are nonstationary and their frequency characteristics are time-dependent. Most do not conform to geometric Brownian motion, since they exhibit a scaling law with a Hurst exponent between zero and 0.5 and fractal dimensions between 1.5 and 2. This paper uses wavelet...

Characterizing asset price volatility is an important goal for financial economists. The literature has shown that variables that proxy for the information arrival process can help explain and/or forecast volatility. Unfortunately, however, obtaining good measures of volume and/or order flow is...

During Peter Drucker’s talk entitled "The Expanding Leadership of Mid-Sized Organizations" he discusses why mid-sized companies have excelled and what they require to maintain their competitive advantage. During his lecture, he talks about: multinationals, the growth of imports, Boeing and...