This dissertation consists of three essays, the first two on the foreign exchange market and the third on credit markets. Chapter 2 examines empirically the exchange rate–interest differential relationship in a co-integration framework. We test and estimate an error correction model (ECM) for...

We make a first step in the literature to analyse a hybrid model of credit rationing with simultaneous presence of adverse selection and moral hazard. Motivated by the observation that credit markets in less-developed countries are rather opaque owing to the lack of necessary institutions to...

This paper presents an experimental study of the alcohols–gasoline and gasoline–alcohols dual-fuel spark ignition (DFSI) combustion for knock suppression and higher engine efficiency using a gasoline engine with high compression ratio. Alcohols–gasoline DFSI is organized using a port fuel...

Let ξ=(ξt) be a locally finite (2,β)-superprocess in Rd with β<1 and d>2/β. Then for any fixed t0, the random measure ξt can be a.s. approximated by suitably normalized restrictions of Lebesgue measure to the ε-neighborhoods of suppξt. This extends the Lebesgue approximation of Dawson–Watanabe...</1>

In this article, we introduce the stthreg package of Stata commands to fit the threshold regression model, which is based on the first hitting time of a boundary by the sample path of a Wiener diffusion process and is well suited to applications involving time-to-event and survival data. The...

This paper considers joint analysis of current status and marker data using a threshold model based on first hitting times. A failure time is defined as the time at which a subject's latent health status process first decreases to zero. We extend the bivariate Wiener process model in Whitmore et...