This paper uses a dynamic panel-data gravity model to explain the correlations between 40 markets from 1996 to 2010 using four types of market linkages: information capacity, financial integration, economic integration, and similarity in industrial structure. The mechanism of interdependence of developed markets and that of developing markets are heterogeneous: (1) information capacity and indu...

alternative legendre polynomials (alps) are used to approximate the solution of a class of nonlinear volterra-hammerstein integral equations. for this purpose, the operational matrices of integration and the product for alps are derived. then, using the collocation method, the considered problem is reduced into a set of nonlinear algebraic equations. the error analysis of the method is given an...

This paper analyzes the way in which international …nancial integration a¤ects the transmission of monetary policy in a New Keynesian open economy framework. It extends Woodford's (2010) analysis to a model with a richer …nancial markets structure, allowing for international trading in multiple assets and subject to …nancial intermedia-tion costs. Two di¤erent forms of …nancial integration are ...

In this paper, a modification of finite integration method (FIM) is combined with the radial basis function (RBF) method to solve a time-fractional convection-diffusion equation with variable coefficients. The FIM transforms partial differential equations into integral equations and this creates some constants of integration. Unlike the usual FIM, the proposed method computes constants of integ...

It is commonly argued that China’s financial markets are effectively insulated from the rest of the world. To see if this is true and to better understand China’s financial development, we analyze China’s integration with major financial markets. Using conditional copulas, we show that China has experienced an increasing level of integration with several major financial markets during the last ...

in this paper, quadratic rules for obtaining approximate solution of definite integrals as well as single and double integrals using spline quasi-interpolants will be illustrated. the method is applied to a few test examples to illustrate the accuracy and the implementation of the method