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Three Essays in International Finance
This thesis consists of three essays on international finance. The first essay is "Exchange rates and Fundamentals". A new open interest rate parity condition that takes account of economic fundamentals is developed from stochastic discount factors (SDFs) of two countries. Through this parity condition, business cycles or fundamentals are linked to exchange rates. Key empirical findings from this parity condition are as follows. First, this model beats the random walk hypothesis: economic fundamentals explain exchange rate movements for high interest rate currencies. Exchange rates of low interest rate currencies act like a random walk because they are less correlated with fundamentals owing...
Gyeongju
Gyeongju, the capital of the Kingdom of Silla, grew from a loose confederation of villages, called Saro, to become the capital of most of the Korean peninsula. Its relationships with Japan, the Eurasian Steppes, and countries along the Silk Road leading to Europe helped to make the city one of the most prosperous and significant in ancient East Asia. In this seminal new volume, Sarah Milledge Nelson draws on over 30 years’ experience to offer the first complete history of this fascinating city. Gyeongju explores culture, class and rank, industry, international relations, rulers, and socio-cultural issues such as gender, and examines in detail the complex systems of class and rank, Gyeongju...
Stars and Rising Stars in Neuroendocrinology
Recognizing the future leaders of Neuroendocrine Science is fundamental to safeguarding tomorrow's driving force in innovation. This collection will showcase the high-quality work of internationally recognized researchers both in the midst and in the early stages of their careers. We aim to highlight research by leading scientists of the future across the entire breadth of neuroendocrinology, and present advances in theory, experiment and methodology with applications to compelling problems. Please note, contributions to the collection are by invitation only. Please inform the Editorial Office at endocrinology.editorial.office@frontiersin.org once you are prepared to submit. This Research Topic will accept the following article types: Original Research; Review; Mini Review; Systematic Review; Methods; Hypothesis and Theory; Opinion; and Perspective. All Rising Star researchers will be suggested by established Editors in recognition of their influence on the future directions in their respective fields.
Korea Annual
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Three Essays in International Finance
This thesis consists of three essays on international finance. The first essay is "Exchange rates and Fundamentals". A new open interest rate parity condition that takes account of economic fundamentals is developed from stochastic discount factors (SDFs) of two countries. Through this parity condition, business cycles or fundamentals are linked to exchange rates. Key empirical findings from this parity condition are as follows. First, this model beats the random walk hypothesis: economic fundamentals explain exchange rate movements for high interest rate currencies. Exchange rates of low interest rate currencies act like a random walk because they are less correlated with fundamentals owing...
