This paper examines linkages among major Eurocurrency interest rates during 1994-2002. Eurocurrency interest rate causal linkages are found to be much stronger with additional allowance for contemporaneous causality test results than the inference based solely on Granger causality tests. The...

Using a flexible semiparametric varying coefficient model specification, this paper examines the role of fiscal policy on the U.S. asset markets (stocks, corporate and treasury bonds). We consider two possible roles of fiscal deficits (or surpluses): as a separate direct information variable and...

This study examines the long-run price relationship and the dynamic price transmission among the U.S., Germany, and four major Eastern European emerging stock markets, with particular attention to the impact of the 1998 Russian financial crisis. The results show that both the long-run price...

This study examines the relationship between expected stock returns and volatility in the twelve largest international stock markets during January 1980 - December 2001. Consistent with most previous studies, we find a positive but insignificant relationship during the sample period for the...

Game theoretic analysis of queueing systems is an important research direction of queueing theory. In this paper, we study the service rate control problem of closed Jackson networks from a game theoretic perspective. The payoff function consists of a holding cost and an operating cost. Each...

This paper studies the joint optimization problem of energy and delay in a multi-hop wireless network. The optimization variables are the transmission rates, which are adjustable according to the packet queueing length in the buffer. The optimization goal is to minimize the energy consumption of...

Rapid land-use change has taken place in China since economic reform. A significant amount of agricultural land has been encroached on by urban development in many coastal cities, especially in the Pearl River Delta. This has caused severe land-use problems because China is among the nations...

After the intensive studies of queueing theory in the past decades, many excellent results in performance analysis have been obtained, and successful examples abound. However, exploring special features of queueing systems directly in performance optimization still seems to be a territory not...

The theme of my dissertation is emerging capital markets behavior. I utilize three approaches: institutional, experimental and econometric to study the impact of reforms on capital allocation and stock market operation.In Chapter one, using a unique data set on Chinese provincial savings and...