This paper examines the extent of asymmetric effects and the hypothesis of Japanese dominance in East Asian financial integration by analyzing the transmission mechanism to local interest rates from interest rates originating in both Japan and the US. The results support a weak version of the...

The article investigates to what extent various underlying macro (oil, supply, demand and portfolio) shocks impact the fluctuations of Japanese stock prices by developing a multivariate structural vector autoregression (SVAR) model. The results from a Markov regime-switching (MS) specification...

A prototype of hydraulic free piston engine has been developed to achieve efficient energy conversion directly from chemical energy of fuel to hydraulic energy. In stable running condition, in order to verify the features of this kind of engine, the piston dynamics, combustion process and...

We decompose P/E ratios into a fundamental component and a residual component that cannot be explained by the firm or economic fundamentals. Purging the fundamental component from observed P/E ratios, we find that portfolios based on residual P/E ratios exhibit performance reversal only in...

In this study, a feasibility based inexact fuzzy programming approach (FBIFP) was developed and applied to the planning of a regional electric power generation system (REPGS). As an extension of existing interval linear programming and fuzzy linear programming, FBIFP could tackle uncertainties...