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Open Access
Article
Publication date: 18 June 2021

Hassanudin Mohd Thas Thaker and Abdollah Ah Mand

The volatility of bitcoin (BTC) and time horizon is the center point for investment decisions. However, attention is not often drawn to the relationship between BTC and equity…

5177

Abstract

The volatility of bitcoin (BTC) and time horizon is the center point for investment decisions. However, attention is not often drawn to the relationship between BTC and equity indices. Thus, the purpose of this paper is to investigate the volatility and time frequency domain of BTC with stock markets.

Details

Journal of Derivatives and Quantitative Studies: 선물연구, vol. 29 no. 3
Type: Research Article
ISSN: 1229-988X

Keywords

Open Access
Article
Publication date: 16 February 2022

Karl Hollaus, Susanne Bauer, Michael Leumüller and Christian Türk

Cables are ubiquitous in electronic-based systems. Electromagnetic emission of cables and crosstalk between wires is an important issue in electromagnetic compatibility and is to…

1002

Abstract

Purpose

Cables are ubiquitous in electronic-based systems. Electromagnetic emission of cables and crosstalk between wires is an important issue in electromagnetic compatibility and is to be minimized in the design phase. To facilitate the design, models of different complexity and accuracy, for instance, circuit models or finite element (FE) simulations, are used. The purpose of this study is to compare transmission line parameters obtained by measurements and simulations.

Design/methodology/approach

Transmission line parameters were determined by means of measurements in the frequency and time domain and by FE simulations in the frequency domain and compared. Finally, a Spice simulation with lumped elements was performed.

Findings

The determination of the effective permittivity of insulated wires seems to be a key issue in comparing measurements and simulations.

Originality/value

A space decomposition technique for a guided wave on an infinite configuration with constant cross-section has been introduced, where an analytic representation in the direction of propagation is used, and the transversal fields are approximated by FEs.

Details

COMPEL - The international journal for computation and mathematics in electrical and electronic engineering , vol. 41 no. 3
Type: Research Article
ISSN: 0332-1649

Keywords

Open Access
Article
Publication date: 16 August 2019

Rosemary J. Hollick, Alison J. Black, David M. Reid and Lorna McKee

Using a complexity-informed approach, we aim to understand why introduction of a mobile service delivery model for osteoporosis across diverse organisational and country contexts…

2051

Abstract

Purpose

Using a complexity-informed approach, we aim to understand why introduction of a mobile service delivery model for osteoporosis across diverse organisational and country contexts in the UK National Health Service (NHS) met with variable success.

Design/methodology/approach

Six comparative case studies; three prospectively in Scotland using an action research-informed approach; and three retrospectively in England with variable degrees of success. The Non-adoption, Abandonment, Scale-up, Spread and Sustainability framework explored interactions between multi-level contextual factors and their influence on efforts to introduce and sustain services.

Findings

Cross-boundary service development was a continuous process of adaptation and evolution in rapidly shifting healthcare context. Whilst the outer healthcare policy context differed significantly across cases, inner contextual features predominated in shaping the success or otherwise of service innovations. Technical and logistical issues, organisational resources, patient and staff actions combined in unpredictable ways to shape the lifecycle of service change. Patient and staff thoughts about place and access to services actively shaped service development. The use of tacit “soft intelligence” and a sense of “chronic unease” emerged as important in successfully navigating around awkward people and places.

Practical implications

“Chronic unease” and “soft intelligence” can be used to help individuals and organisations “tame” complexity, identify hidden threats and opportunities to achieving change in a particular context, and anticipate how these may change over time. Understanding how patients think and feel about where, when and how care is delivered provides unique insights into previously unseen aspects of context, and can usefully inform development and sustainability of patient-centred healthcare services.

Originality/value

This study has uniquely traced the fortunes of a single service innovation across diverse organisational and country contexts. Novel application of the NASSS framework enabled comparative analysis across real-time service change and historical failures. This study also adds to theories of context and complexity by surfacing the neglected role of patients in shaping healthcare context.

Details

Journal of Health Organization and Management, vol. 33 no. 7/8
Type: Research Article
ISSN: 1477-7266

Keywords

Open Access
Article
Publication date: 9 August 2021

Mucahit Aydin, Ugur Korkut Pata and Veysel Inal

The aim of this study is to investigate the relationship between economic policy uncertainty (EPU) and stock prices during the period from March 2003 to March 2021.

2877

Abstract

Purpose

The aim of this study is to investigate the relationship between economic policy uncertainty (EPU) and stock prices during the period from March 2003 to March 2021.

Design/methodology/approach

The study uses asymmetric and symmetric frequency domain causality tests and focuses on BRIC countries, namely, Brazil, Russia, India and China.

Findings

The findings of the symmetric causality test confirm unidirectional permanent causality from EPU to stock prices for Brazil and India and bidirectional causality for China. However, according to the asymmetric causality test, the findings for China show that there is no causality between the variables. The results for Brazil and India indicate that there is unidirectional permanent causality from positive components of EPU to positive components of stock prices. Moreover, for Brazil, there is unidirectional temporary causality from the negative components of EPU to the negative components of stock prices. For India, there is temporary causality in the opposite direction.

Originality/value

The reactions of financial markets to positive and negative shocks differ. In this context, to the best of the authors’ knowledge, this study is the first attempt to examine the causal relationships between stock prices and uncertainty using an asymmetric frequency domain approach. Thus, the study enables the analysis of the effects of positive and negative shocks in the stock market separately.

Details

Applied Economic Analysis, vol. 30 no. 89
Type: Research Article
ISSN:

Keywords

Open Access
Article
Publication date: 8 April 2020

Sezer Kahyaoglu Bozkus, Hakan Kahyaoglu and Atahirou Mahamane Mahamane Lawali

The purpose of this study aims to analyze the dynamic behavior of the relationship between atmospheric carbon emissions and the Organisation for Economic Co-operation and…

1541

Abstract

Purpose

The purpose of this study aims to analyze the dynamic behavior of the relationship between atmospheric carbon emissions and the Organisation for Economic Co-operation and Development (OECD) industrial production index (IPI) in the short and long term by applying multifractal techniques.

Design/methodology/approach

Multifractal de-trended cross-correlation technique is used for this analysis based on the relevant literature. In addition, it is the most widely used approach to estimate multifractality because it generates robust empirical results against non-stationarities in the time series.

Findings

It is revealed that industrial production causes long and short term environmental costs. The OECD IPI and atmospheric carbon emissions were found to have a strong correlation between the time domain. However, this relationship does not mostly take into account the frequency-based correlations with the tail effects caused by shocks that are effective on the economy. In this study, the long-term dependence of the relationship between the OECD IPI and atmospheric carbon emissions differs from the correlation obtained by linear methods, as the analysis is based on the frequency. The major finding is that the Hurst coefficient is in the range 0.40-0.75 indicating.

Research limitations/implications

In this study, the local singular behavior of the time-series is analyzed to test for the multifractality characteristics of the series. In this context, the scaling exponents and the singularity spectrum are obtained to determine the origins of this multifractality. The multifractal time series are defined as the set of points with a given singularity exponent a where this exponent a is illustrated as a fractal with fractal dimension f(α). Therefore, the multifractality term indicates the existence of fluctuations, which are non-uniform and more importantly, their relative frequencies are also scale-dependent.

Practical implications

The results provide information based on the fluctuation in IPI, which determines the main conjuncture of the economy. An optimal strategy for shaping the consequences of climate change resulting from industrial production activities will not only need to be quite comprehensive and global in scale but also policies will need to be applicable to the national and local conditions of the given nation and adaptable to the needs of the country.

Social implications

The results provide information for the analysis of the environmental cost of climate change depending on the magnitude of the impact on the total supply. In addition to environmental problems, climate change leads to economic problems, and hence, policy instruments are introduced to fight against the adverse effects of it.

Originality/value

This study may be of practical and technical importance in regional climate change forecasting, extreme carbon emission regulations and industrial production resource management in the world economy. Hence, the major contribution of this study is to introduce an approach to sustainability for the analysis of the environmental cost of growth in the supply side economy.

Details

International Journal of Climate Change Strategies and Management, vol. 12 no. 4
Type: Research Article
ISSN: 1756-8692

Keywords

Content available
Book part
Publication date: 21 September 2022

Abstract

Details

Essays in Honour of Fabio Canova
Type: Book
ISBN: 978-1-80382-832-9

Open Access
Article
Publication date: 25 June 2019

Anqi Xiong and Ali N. Akansu

Transaction cost becomes significant when one holds many securities in a large portfolio where capital allocations are frequently rebalanced due to variations in non-stationary…

Abstract

Purpose

Transaction cost becomes significant when one holds many securities in a large portfolio where capital allocations are frequently rebalanced due to variations in non-stationary statistical characteristics of the asset returns. The purpose of this paper is to employ a sparsing method to sparse the eigenportfolios, so that the transaction cost can be reduced and without any loss of its performance.

Design/methodology/approach

In this paper, the authors have designed pdf-optimized mid-tread Lloyd-Max quantizers based on the distribution of each eigenportfolio, and then employed them to sparse the eigenportfolios, so those small size orders may usually be ignored (sparsed), as the result, the trading costs have been reduced.

Findings

The authors find that the sparsing technique addressed in this paper is methodic, easy to implement for large size portfolios and it offers significant reduction in transaction cost without any loss of performance.

Originality/value

In this paper, the authors investigated the performance the sparsed eigenportfolios of stock returns in S&P500 Index. It is shown that the sparsing method is simple to implement and it provides high levels of sparsity without causing PNL loss. Therefore, transaction cost of managing a large size portfolio is reduced by employing such an efficient sparsity method.

Open Access
Article
Publication date: 14 June 2021

Shekhar Mishra and Sathya Swaroop Debasish

This study aims to explore the linkage between fluctuations in the global crude oil price and equity market in fast emerging economies of India and China.

1610

Abstract

Purpose

This study aims to explore the linkage between fluctuations in the global crude oil price and equity market in fast emerging economies of India and China.

Design/methodology/approach

The present research uses wavelet decomposition and maximal overlap discrete wavelet transform (MODWT), which decompose the time series into various frequencies of short, medium and long-term nature. The paper further uses continuous and cross wavelet transform to analyze the variance among the variables and wavelet coherence analysis and wavelet-based Granger causality analysis to examine the direction of causality between the variables.

Findings

The continuous wavelet transform indicates strong variance in WTIR (return series of West Texas Instrument crude oil price) in short, medium and long run at various time periods. The variance in CNX Nifty is observed in the short and medium run at various time periods. The Chinese stock index, i.e. SCIR, experiences very little variance in short run and significant variance in the long and medium run. The causality between the changes in crude oil price and CNX Nifty is insignificant and there exists a bi-directional causality between global crude oil price fluctuations and the Chinese equity market.

Originality/value

To the best of the authors’ knowledge, very limited work has been done where the researchers have analyzed the linkage between the equity market and crude oil price fluctuations under the framework of discrete wavelet transform, which overlooks the bottleneck of non-stationarity nature of the time series. To bridge this gap, the present research uses wavelet decomposition and MODWT, which decompose the time series into various frequencies of short, medium and long-term nature.

Details

Vilakshan - XIMB Journal of Management, vol. 19 no. 1
Type: Research Article
ISSN: 0973-1954

Keywords

Open Access
Article
Publication date: 16 October 2018

Maximilian Schniedenharn, Frederik Wiedemann and Johannes Henrich Schleifenbaum

The purpose of this paper is to introduce an approach in measuring the shielding gas flow within laser powder bed fusion (L-PBF) machines under near-process conditions (regarding…

2793

Abstract

Purpose

The purpose of this paper is to introduce an approach in measuring the shielding gas flow within laser powder bed fusion (L-PBF) machines under near-process conditions (regarding oxygen content and shielding gas flow).

Design/methodology/approach

The measurements are made sequentially using a hot-wire anemometer. After a short introduction into the measurement technique, the system which places the measurement probe within the machine is described. Finally, the measured shielding gas flow of a commercial L-PBF machine is presented.

Findings

An approach to measure the shielding gas flow within SLM machines has been developed and successfully tested. The use of a thermal anemometer along with an automated probe-placement system enables the space-resolved measurement of the flow speed and its turbulence.

Research limitations/implications

The used single-normal (SN) hot-wire anemometer does not provide the flow vectors’ orientation. Using a probe with two or three hot-films and an improved placement system will provide more information about the flow and less disturbance to it.

Originality/value

A measurement system which allows the measurement of the shielding gas flow within commercial L-PBF machines is presented. This enables the correlation of the shielding gas flow with the resulting parts’ quality.

Details

Rapid Prototyping Journal, vol. 24 no. 8
Type: Research Article
ISSN: 1355-2546

Keywords

Content available
Article
Publication date: 1 February 2001

450

Abstract

Details

Pigment & Resin Technology, vol. 30 no. 1
Type: Research Article
ISSN: 0369-9420

Keywords

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