Banks and financial institutions record core banking activities (taking deposits and makingloans) on the balance sheet of the banking book, but trading book (trading and investment) pursuitsare recorded off-balance-sheet. Both books are subject to considerable risk from numeroussources, but...

Cyclical behaviour in the shipping market was investigated, for the first time, using Fourier analysis to extract cycle frequency information from data which have been Hodrick-Prescott filtered; in this case, dry freight earnings data. An industry rule of thumb asserts that shipping cycles last 7...

The Macaulay duration is a highly successful tool for measuring and managing interest rate risk. However, it employs restrictive assumptions which constrain its usefulness in a rapidly evolving market. The Basel II implementation and ongoing accounting standard reassessments highlight the...

This paper expands and augments the results of the paper by <link rid="b25">Jefferis and Thupayagale</link>) and tests the efficiency of the South African stock market with Wavelet and Markov Switching Regime analyses of selected shares and the a ALSI 40 data. The Wavelet analysis indicated that most of the individual...