The returns from international investment involve returns from not only the asset, but also the return from the exchange rate fluctuations. This means that investors from different countries have the potential to earn different returns from the same investment strategy. The change of numeraire...

This paper sets out an alternate test of an agency problem and then investigates how that problem is managed. The remainder of this paper contains six sections. The fist sectuion is an introduction. The second section sets a potential for the agency problem in South Africa. The third section...

We consider the problem of estimating missing values in vector time series. We give a method of calculating the minimum least squares estimate and a second method which uses the best linear combination of the forward and backward predictors. We derive the estimators for some simple models. We...