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We analyze the post-float real exchange rates for a group of OECD countries using the newly developed threshold test and tests for unit roots against stationary but nonlinear alternative by Caner and Hansen ( 2001). These tools help us disentangle the nonlinearity from the nonstationarity...
Persistent link: https://www.econbiz.de/10004966093
The paper investigates the issue of behaviour of stock returns in India. A non-parametric variance ratio test is used to examine the issue. Largely the results indicate non-random walk behaviour of Indian stock market. However, the sub-sample analysis of stock returns based on structural breaks...
Persistent link: https://www.econbiz.de/10011108985
This paper examines the stock return behaviour in two premier Indian stock markets using Chow-Denning multiple variance ratio and Hinich bicorrelation tests. The former test overcomes size distortion of conventional variance ratio test. The latter test is capable of detecting linear and...
Persistent link: https://www.econbiz.de/10011113622
Already before the EU Directive 96/92/EG was passed in 1996, some countries in the EU had started their liberalisation process for energy markets. So, in 1991, Norway established a national power market that in 1996 turned into the multinational power exchange Nord Pool, including all Nordic...
Persistent link: https://www.econbiz.de/10009475314
Within the economic profession, it is a widely held view that the fiscal criteria of the Maastricht treaty are arbitrary numbers without economic foundation. Much of this criticism seems to overlook an important aspect - the strategic dimension of the criteria. This paper focuses on one...
Persistent link: https://www.econbiz.de/10010297571
The U.S. Department of Agriculture last delineated the regional boundary of the Corn Belt in 1950. Mixed-grain and …, along with a simple, summative assessment using Census of Agriculture data, were used to map how the region's boundary has … methods used to create this contemporary Corn Belt region illustrate how a regional boundary and internal regional intensities …
Persistent link: https://www.econbiz.de/10012042834
Hole minimization in wireless sensor networks is a critical issue. In the presence of obstacles, the issue becomes much more challenging. In this article, a hole minimization technique named enhanced VEDGE (E-VEDGE) has been proposed. The scheme uses both the Voronoi polygon and Delaunay...
Persistent link: https://www.econbiz.de/10012044205
The focus of this study was the unconscious dynamics in the consultant-client relationship as industrial and organisational psychologists seek to achieve change in client organisational systems. Twelve psychodynamic themes were used to interpret a journal maintained by the consultant throughout...
Persistent link: https://www.econbiz.de/10009457714
Persistent link: https://www.econbiz.de/10010198673
Persistent link: https://www.econbiz.de/10009791069