Rainy weather conditions could result in significantly negative impacts on driving on freeways. However, due to lack of enough historical data and monitoring facilities, many regions are not able to establish reliable risk assessment models to identify such impacts. Given the situation, this paper provides an alternative solution where the procedure of risk assessment is developed based on driv...

Endogenous estrogens mediate protective effects in the cardiovascular system, affecting both endothelium-dependent and endothelium-independent mechanisms. Previous studies have suggested that nonselective estrogen receptor agonists such as endogenous estrogens inhibit endothelium-dependent vasoconstriction; however, the role of estrogen receptors in this response has not yet been clarified. Thi...

We investigate the heterogeneous boom and bust patterns across countries that emerge as a result of global shocks. Our analysis sheds light on emergence core periphery countries, joint determination depth recessions tightness credit countries. The model implies interest rates are similar in booms, with larger output growth However, common shock leads to crunch globe gives rise sharper spike dee...

AIMS The aim of this study was to investigate the aldosterone-angiotensin (Ang) II interaction in human coronary microarteries (HCMAs). METHODS AND RESULTS HCMAs, obtained from 75 heart-beating organ donors, were mounted in myographs and exposed to Ang II, either directly or following a 30-min pre-incubation with aldosterone, 17β-oestradiol, hydrocortisone, the p38 mitogen-activated protein k...

ABSTRACT We apply the moderated confidence hypothesis (MCH) to investigate overreaction and underreaction in intra-industry earnings information transfers an international setting. MCH predicts that late announcing firms' investors overreact (underreact) early industry peers' news when is imprecise (precise) signals of earnings. Consistent with this notion, we find a large sample firms. To exte...

Abstract We exploit detailed transaction and position data for a sample of long-short equity hedge funds to study the trading activity fundamental investors. find that exhibit skill in opening positions, but they close their positions too early, thereby forgoing about one-third trades’ potential profitability. explain this behavior with limits arbitrage: early order reallocate capital more prof...

This paper represents a new approach in the exchange rate determination by using microstructural and macroeconomic variables. We test combination of fundamentals microstructure variables cointegrated relationship USD/JPY USD/GBP currencies' pairs. The ‘twofold' model includes interest rate, money supply net foreign assets as fundamentals, spread high-low variable. Then we compare different mode...

We examine herding behavior of domestic and foreign investors in the Indonesian stock market. We document that both domestic and foreign investors from a particular brokerage firm tend to herd. The foreign investors exhibit a greater propensity to herd than domestic investors. However, when examining investor trading across brokerage firms, we find only weak evidence of herding by domestic inve...

This paper presents a simultaneous model of exchange rates between the US dollar, German mark and Japanese yen. In addition to incorporating long-run equilibria and short-run dynamics, the model is designed to capture complex interaction between currencies not normally considered in exchange rate models. The model is demonstrated to be an economically and statistically superior forecasting tool...