The time series movements of Bitcoin prices are commonly characterized as highly nonlinear and volatile in nature across economic periods, when compared to the characteristics of traditional asset classes, such as equities and commodities. From a risk management perspective, such behaviors pose...

This paper extends the intertemporal capital asset pricing model (ICAPM) to integrate the heterogeneous trading behavior of three groups of investors; rational utility maximizers, positive feedback, or momentum, traders, and fundamental traders. Using several contemporary fundamental factors to...

PhD education plays dominant role in the field of innovation, science, technology and economic development. This is being sponsored by some key scholarship agencies in the world among which Chinese Scholarship Council has emerged one among biggest. This research has been intended to understand...

Based on the conclusion of the related researches on China’s rural poverty alleviation policies and poverty problems, studies of Chinese scholars on the convergence between rural minimum subsistence system and the development policies of poverty alleviation are illustrated and personal...