A program for maximum likelihood estimation of general stable parameters is described The Fisher information matrix is computed making large sample estimation of stable parameters a practical tool In addition diagnostics are developed for assessing the stability of a data set Applications to simulated data stock price data foreign exchange rate data radar data and ocean wave energy are presented

[1] Hyporheic exchange is an ecologically important process, controlling the nutrient supply in the upper sediments and thus benthic habitat quality. Hydraulic exchange at a riffle-pool sequence in the Lahn River, Germany, was analyzed using HEC-RAS to simulate the surface water flow as a boundary for the subsurface flow and MODFLOW, MODPATH, and MT3DMS to reproduce the transport in the subsurf...

The behavior of exchange rate in various exchange markets is not seemingly predictable, while there are different forecasting methods to do so. One of these methods is to use fractals to identify exchange rate behavior. This paper has made attempts to explore the properties of fractals in Iran’s exchange market in order to it can predict and analyze the trend of exchange rate. Accordingly, th...

One of the main issues in international finance is the ratio of exchange rate pass through to consumer prices. The main objective of this study is to examine the exchange rate fluctuations and its asymmetric effect on consumer prices in Iran’s economy. In the present study, the effects of positive and negative impacts of the exchange rate on inflation rate and other macroeconomic variables of I...

in a managed floating exchange rate regime, one of the most important issues is the degree to which the monetary authorities intervene in the foreign exchange market.  the appropriate level of intervention in the foreign exchange market can be discussed in a framework which emphasizes the trade-off between changes in the country’s level of international reserves and minimizes the country’s real...