This paper constructs a model in which the currency composition of national portfolios is an essential element in facilitating capital ‡ows between countries. In a two country environment, each country chooses optimal nominal bond portfolios in face of real and nominal risk. Current account de…cits are …nanced by increases in domestic currency debt, but balanced by increases in foreign currency...

Microwave power transmission (MPT) has had a long history before the more recent movement toward wireless power transmission (WPT). MPT can be applied not only to beam-type point-to-point WPT but also to an energy harvesting system fed from distributed or broadcasting radio waves. The key technology is the use of a rectenna, or rectifying antenna, to convert a microwave signal to a DC signal wi...

This paper proposes a new emotional model for Virtual Humans (VHs) in a conversational environment. As a part of a multi-users emotional 3D-chatting system, this paper focus on how to formulate and visualize the flow of emotional state defined by the Valence-ArousalDominance (VAD) parameters. From this flow of emotion over time, we successfully visualized the change of VHs’ emotional state thro...

The risks and returns associated with different choices of electricity generation technology cannot properly be considered in isolation. The paper considers their impact on an investing company, using Mean-Variance Portfolio (MVP) theory to identify optimal generation portfolios in liberalised electricity markets characterised by fuel, CO2, and electricity price risk. The paper demonstrates the...

I examine an investor’s portfolio allocation problem across multiple risky assets in the presence of return predictability when, in addition to the predictability evidence, the investor uses conditional asset pricing models to guide him in the portfolio selection decision. I also explore how the uncertainty associated with the model dynamics affects the investor’s optimal portfolio. To analyze ...