A non-parametric valuation framework (ANN-MRS) using artificial neural networks for pricing financial derivatives has been developed whilst the volatility of underlying asset return dynamics are modelled by Markov regime switching model. Its immediate application is on pricing of the Chinese...

We introduce a new high-frequency foreign exchange dataset from EBS (Electronic Broking Service) that includes trading volume in the global interdealer spot market, data not previously available to researchers. The data also gives live transactable quotes, rather than the indicative quotes that...

Polycrystalline silicon carbide (P-SiC) films containing SiC nanoparticles and Er were prepared by r.f. reactive magnetron co-sputtering technique with SiC and Er targets on low-temperature silicon (111) and silicon dioxide substrates with the mixed gas of pure argon, methane, and hydrogen....

In the process of China's foreign exchange reform, the so-called swap market was a key element. Despite the problems it caused, notably those associated with a dual exchange rate, the paper argues that the swap market proved to be a useful transition mechanism for China's foreign exchange...

Being the world's largest developing economy, China's successful economic performance since 1978 has had a powerful impact on the global economy. Its open policy features with an evolutionary process, involving the gradual liberalisation of foreign exchange, international trade and foreign...

In this note, we consider a coherent system with the property that, upon failure of the system, some of its components remain unfailed in the system. Under this condition, we study the residual lifetime of the live components of the system. Signature based mixture representation of the joint and...

The thermally driven spin transport through mesoscopic ferromagnetic semimetal-normal metal junctions is investigated. A pure spin current can be enforced by the spin-polarised semimetal band structure and the spin current increases with increasing either the temperature bias or the equilibrium...

We propose a framework for the joint study of the consumer’s decision of where to buy and what to buy. The framework is rooted in utility theory where the utility is for a particular channel/brand combination. The framework contains firm actions, the consumer search process, the choice...