Exchange rate is quoted by dealers based on the order flow they receive. Market survey and FX market microstructure literature suggest that financial customers order flow is the most informative and leads total order flow. This paper explains exchange rate dynamics by linking financial customers...

In this study, zinc oxide (ZnO)-mediated sunlight activation of periodate (IO4-) technology was developed to degrade bisphenol AF (BPAF). Under the optimal reaction condition of 0.65 g/L ZnO, 0.5mM IO4- and pH 5.5, the superior removal rate of BPAF (20 µM) about 96.1% was achieved just within...

In contrast with the large literature that studies the interactions between the oil and the foreign exchange (FX) markets at the return level, this paper examines their relationship at the risk level. We employ the multivariate stochastic volatility (MSV) and the multivariate conditional...