Even though the forward-spot relationship in currency markets is very important for policy makers and for corporate and investment managers, it remains a theoretical and empirical puzzle. In theory the forward rate should be an unbiased forecast of the future spot rate, but this hypothesis has...

The financial rates of return from Latin American stock and currency markets are found to be non-normal, non-stationary, non-ergodic and long-term dependent, i.e., they have long memory. The degree of long- term dependence is measured by monofractal (global) Hurst exponents from wavelet...

Static time series models usually assume stationarity, normality, and independence for the increments of financial rates of return. This paper investigates the empirical characteristics of financial rates of return from Latin American stock and currency markets and documents that their empirical...

An indirect solar drier of 25 kg capacity has been developed fitted with solar cell for running the fan. The bulbs are provided in the solar collector for air heating during clouds and evening & morning for faster drying reducing drying time. 15 such solar driers have been installed in the...

Transferring to grassroots organisations, the responsibility of running the participatory process within their communities is a key requisite for ensuring the sustainability of any participatory and integrated watershed management process. However, successfully transforming this responsibility...

An indirect solar drier of 25 kg capacity has been developed fitted with solar cell for running the fan. The bulbs are provided in the solar collector for air heating during clouds and evening & morning for faster drying reducing drying time. 15 such solar driers have been installed in the...

"We examine how initial public offering (IPO) valuation has changed over time by focusing on three time periods: 1986-1990, January 1997 to March 2000 (designated as the boom period), and April 2000 to December 2001 (designated as the crash period). Using a sample of 1,655 IPOs, we find that...