Exchange rates differ considerably with respect to exchange rate volatility, while they are very similar with respect to the macroeconomic fundamentals — the well known exchange rate disconnect puzzle. The microeconomic structure of foreign exchange markets, especially the existence of noise traders, may be responsible for the excessive volatility in flexible exchange rate regimes. The entry of...

The College of Letters (COL) is a three-year interdisciplinary major for the study of European literature, history, and philosophy, from antiquity to the present. During these three years, students participate as a cohort in a series of five colloquia in which they read and discuss (in English) major literary, philosophical, and historical texts and concepts drawn from the three disciplinary fi...

The College of Letters (COL) is a three-year interdisciplinary major for the study of European literature, history, and philosophy, from antiquity to the present. During these three years, students participate as a cohort in a series of five colloquia in which they read and discuss (in English) major literary, philosophical, and historical texts and concepts drawn from the three disciplinary fi...

Autoregressive conditional duration (ACD) processes, which have the potential to be applied to power law distributions of complex systems found in natural science, life science, and social science, are analyzed both numerically and theoretically. An ACD(1) process exhibits the singular second order moment, which suggests that its probability density function (PDF) has a power law tail. It is ve...

In this paper we study some aspects of North Korean economy through her import behavior. We have found that for North Korean economy some non-market factors are important determinants of the import behavior. Those non-market factors are the country’s political situations, its political relation with two communist superpowers, and its relation with the Western industrialized countries especially...

The College of Letters (COL) is a three-year interdisciplinary major for the study of European literature, history, and philosophy, from antiquity to the present. During these three years, students participate as a cohort in a series of five colloquia in which they read and discuss (in English) major literary, philosophical, and historical texts and concepts drawn from the three disciplinary fi...

The literature has so far focused on the risk-return tradeoff in equity markets and ignored alternative risky assets. This paper examines the presence and significance of an intertemporal relation between expected return and risk in the foreign exchange market. The paper provides new evidence on the intertemporal capital asset pricing model by using high-frequency intraday data on currency and ...

In previous reports there have been scattered references to possible disorders in function of macrophages in malignant disease. For example, a decrease in macrophage numbers was reported in skin window exudates of patients with Hodgkin's granuloma,' while the foreign body inflammatory response within a variety of transplantable tumours in subcutaneous sites in rodents was found to be minimal.2 ...

Partitioning of data with the group by clause is in SQL defined by one or more attributes from a single, possibly derived relation. The language therefore allows groupings defined by compositions of basic and/or referential attributes, i.e. foreign key attributes. However, partitioning applied to a view derived from more than one relation can lead to misinterpretation, ambiguity and/or incomple...

This study examined the effect of online metacognitive strategies, hypermedia annotations, and motivation on reading comprehension in a Taiwanese hypertext environment. A path analysis model was proposed based on the assumption that if English as a foreign language learners frequently use online metacognitive strategies and hypermedia annotations, then they would increase their learning motivat...