In this paper we propose a generalisation of the noise trader transmission mechanism to examine the impact of central bank intervention on exchange rates. Within a heterogeneous expectations exchange rate model intervention operations are supposed to provide support to either chartist or...

This paper addresses parameter estimation of spatial regression models incorporating spatial lag. These models are very important in spatial econometrics, where spatial interaction and structure are introduced into regression analysis. Because of spatial interactions, observations are not truly...

Recently, the application of the proton exchange membrane fuel cells (PEMFCs) is extensively increasing as a popular renewable energy source. PEMFCs need low temperature for the operation along with high power density and easy implementation ability. These characteristics turned them into the...