Studies have found that air pollution increases with land misallocation, that is, industrial land is offered at low prices and in large quantities, while commercial/residential land at high price and in a restricted manner. We posit that urban sprawl is an important intermediate mechanism by...

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...

This article examines how differently the same dealer quotes in the inter-dealer and customer foreign exchange markets that have different market structures. The model first predicts that customer spreads are generally wider than inter-dealer ones due to less transparency in the customer market....

This article empirically examines the relationship between order sizes and spreads in the foreign exchange (FX) market based on a FX dealer's quotes. It is found that spreads are independent of order sizes in the inter-dealer market, but they are negatively correlated in the customer market....

This paper explains exchange rate dynamics by linking financial customers’ foreign exchange order flow with their dynamic portfolio reallocation. For any currency pair in a particular period, one currency has higher assets return than the other and can be considered the high-return-currency...

This paper examines the day-of-the-week effect for the forward premium puzzle. The paper finds that Thursday consistently appears to be a special day on which the deviation from the unbiasedness hypothesis is much less compared to other weekdays across currencies. In addition to Thursday, Monday...