The relation between the volatilities of pricing kernels associated with different currencies and the volatility of the exchange rate between the currencies is derived under the assumption of integrated capital markets, and the volatilities of the pricing kernels are related to the foreign exchange risk premium. Time series of pricing kernel volatilities are estimated from panel data on bond yi...

The construction of the “New Silk Road Economic Belt” will inevitably expand the development scale of foreign trade in economic belt relevant area. Based on the data from 1990 to 2013 in Shaanxi Province, this paper analyzes the economic correlation effects of foreign trade on the upgrading of industrial structure in Shaanxi province by using gray relation analysis method. Results show that the...

foreign investment issue and compensation in that field constitutes one of the most important matters in contemporary international law. when an investment relation between a host state and foreign investors is formed, the parties to terminate the relations are committed to comply with the obligations they accepted. however at times, when there is an expropriation of assets of foreign investors...

nowadays, the issue of human communication is one of the most important subjects occupying the minds of linguists, anthropologists, psychologists and philosophers. since it is the most important means for communication among men, the relation between language and culture and their mutual interactions have high significance, thereby attracting attention. this article tries to cover the establish...

Using bank level data this paper examines how bank’s specific characteristics and the overall banking environment affect the profitability of commercial domestic and foreign banks operating in the 15 EU countries over the period 1995–2001. The results indicate that profitability of both domestic and foreign banks is affected not only by bank’s specific characteristics but also by financial mark...

Previous experiments demonstrating a reduction of tumorigenicity by roughening the surfaces of plastics implanted in rodents, or by increasing the pore size of cellulose filter implants, were repeated with observations on cellular attachment to these objects and to filters strengthened and made impermeable by bonding to plastic. Round 13-mm discs of methylmethacrylate implanted S.C. in A/BiF/F5...

Previous experiments demonstrating a reduction of tumorigenicity by roughening the surfaces of plastics im planted in rodents, or by increasing the pore size of cellu lose filter implants, were repeated with observations on cellular attachment to these objects and to filters strengthened and made impermeable by bonding to plastic. Round 13-mm discs of methylmethacrylate implanted s.c. in A/BÃŒF...