<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading> This paper investigates the validity of the Fisher hypothesis in Japanese long-term interest rates (two, three, four, five, seven and ten years) using non-stationary time series models. Initially, the entire sample period (October 1987-June 2006) is investigated. Then the samples,...

The purpose of this article is to investigate the determinants of interest rate swap spreads in Japan. Four determinants of swap spreads&ThickSpace;--&ThickSpace;TED spread, corporate bond spread, interest rate and the slope of yield curve&ThickSpace;--&ThickSpace;are chosen. The swap spreads of 2 years...

This paper aims to investigate the co-movement and transmission of distress through money markets during the global financial crisis by analyzing LIBOR-OIS spreads. It focuses on the US, Eurozone, UK and Japan. The sample is divided into two periods around the time of Lehman Brothers shock to...

This article investigates the determinants of US interest rate swap spreads in the period including the financial crisis. The asymmetric impacts of the financial crisis on interest rate swap spreads are focused by dividing the whole sample period into two. Four determinants of swap spreads -...

We have studied doping evolution of the temperature dependent local Cu-O displacements in the La<Subscript>2-x </Subscript>Sr<Subscript> x </Subscript>CuO<Subscript>4</Subscript> superconductor by polarized Cu K-edge extended X-ray absorption fine structure (EXAFS) measurements. While temperature dependent Debye-Waller factor of the Cu-O bonds, measuring the...</subscript></subscript></subscript>

Titanium dioxide, TiO2, is one of the photocatalysts that has a very unique characteristic. The surface coated with TiO2 exhibits extremely high affinity for water by exposing the surface to UV light and the contact angle decreases nearly to zero. On the contrary, the contact angle increases...

It is a common view that private information in the foreign exchange market does not exist. We provide evidence against this view. The evidence comes from the introduction of trading in Tokyo over the lunch-hour. Lunch return variance doubles with the introduction of trading, which cannot be due...