The local Hurst exponent, a measure employed to detect the presence of dependence in a time series, may also be used to investigate the source of intraday variation observed in the returns in foreign exchange markets. Given that changes in the local Hurst exponent may be due to either a...

Over the past few decades correspondence analysis has gained an international reputation as a powerful statistical tool for the graphical analysis of contingency tables. This popularity stems from its development and application in many European countries, especially France, and its use has...

Log-linear modeling is a popular statistical tool for analysing a contingency table. This presentation focuses on an alternative approach to modeling ordinal categorical data. The technique, based on orthogonal polynomials, provides a much simpler method of model fitting than the conventional...

This research was motivated by current constraints on macroeconomic policy-making in Indonesia. On the fiscal side, the government is burdened with debt and the pressure to maintain social expenditure. On the monetary side, there is a preoccupation with a lower inflation rate which conflicts...

Listed property trust (LPTs) have been the most successful indirect property investment vehicle in Australia. Surveys conducted by the Australian Stock Exchange in 1999 found that the LPT sector was the fastest growing stockmarket sector, increasing its number of investors by 88%, compared to...

The relationship between stock market development and economic growth has been an important issue of debate. A well functioning stock market can affect economic growth through the channelling of more saving to investment and the improvement of capital productivity with efficient allocation of...

This thesis examines the determinants of corporate performance and likelihood of default of Jordanian publicly listed companies. Despite the large body of work that has investigated the determinants of corporate performance and default, no comprehensive study has emerged in an emerging market....

The microcredit program in Bangladesh is a unique innovation of credit delivery designed to enhance the income generating activities of the poor. Its uniqueness is reflected in its collateral-free group-based lending strategy. The program extends small loans to poor people, mainly women, for...

One of the reasons for firms decentralising aspects of their operations is to enable managers to gain specialised knowledge of local conditions. For credit managers in a banking firm, this may take the form of knowledge of investment opportunities and the risk profiles of each of these...

Purpose ? To develop an integrated approach to forecasting spot foreign exchange rates by incorporating some principles underlying long-term dependence.Design/methodology/approach ? The paper utilises the random-walk framework to develop a stochastic forecast model wherein the sign (positive or...