Spillover effects from London and Frankfurt to Central and Eastern European stock markets

This paper investigates comovement in stock markets between the emerging economies of Central and Eastern Europe (CEE) and the developed markets of Western Europe. Three approaches are employed to examine this issue. The first two approaches, time-varying realised correlation ratios and cointegration statistics, use a two-step technique to derive timevarying estimates of the comovement between returns on CEE and EU stock exchanges. The first step uses common factor analysis to define the factors driving CEE stock exchanges, while the second step evaluates the relationship between the leading principal factor for CEE countries and the DAX and FTSE using time-varying realised correlation and rolling cointegration statistics. The third approach employs multivariate GARCH techniques to obtain estimates of mean and variance spillover effects

Stock market co-movement in the Caribbean

This paper investigates co-movement in five Caribbean stock markets (Barbados, Jamaica and Trinidad and Tobago, The Bahamas and Guyana) using common factor analysis. The common factors are obtained using principal component analysis and therefore account for the maximum portion of the variance present in the stock exchanges investigated. We break our analysis down and test for co-movement in different periods so as to ascertain any changes that have taken place from one period to the next. In particular we examine 10-year, 5-year and 3-year periods. We also specify a vector autoregression model and test for co-movement between the five markets during the sample period through impulse response functions. Both of our tests fail to find any evidence of co-movement between the exchanges over the entire sample period. However, we find evidence of periodic co-movement, particularly between exchanges in Barbados, Jamaica and Trinidad and Tobago

RTCC requirements for mission G - Trajectory computers for TLI and MCC processors, part 1 Final report

Functional properties of trajectory computers for translunar injection and midcourse correction procedures on lunar orbit

SPAR thermal analysis processors reference manual, system level 16. Volume 1: Program executive. Volume 2: Theory. Volume 3: Demonstration problems. Volume 4: Experimental thermal element capability. Volume 5: Programmer reference

User instructions are given for performing linear and nonlinear steady state and transient thermal analyses with SPAR thermal analysis processors TGEO, SSTA, and TRTA. It is assumed that the user is familiar with basic SPAR operations and basic heat transfer theory

Accurate determination of electric-dipole matrix elements in K and Rb from Stark shift measurements

Stark shifts of potassium and rubidium D1 lines have been measured with high precision by Miller et al [1]. In this work, we combine these measurements with our all-order calculations to determine the values of the electric-dipole matrix elements for the 4p_j-3d_j' transitions in K and for the 5p_j-4d_j' transitions in Rb to high precision. The 4p_1/2-3d_3/2 and 5p_1/2-4d_3/2 transitions contribute on the order of 90% to the respective polarizabilities of the np_1/2 states in K and Rb, and the remaining 10% can be accurately calculated using the relativistic all-order method. Therefore, the combination of the experimental data and theoretical calculations allows us to determine the np-(n-1)d matrix elements and their uncertainties. We compare these values with our all-order calculations of the np-(n-1)d matrix elements in K and Rb for a benchmark test of the accuracy of the all-order method for transitions involving nd states. Such matrix elements are of special interest for many applications, such as determination of magic wavelengths in alkali-metal atoms for state-insensitive cooling and trapping and determination of blackbody radiation shifts in optical frequency standards with ions.Comment: 5 page

Explicit connection between conformal field theory and 2+1 Chern-Simons theory

We give explicit field theoretical representations for the observables of 2+1 dimensional Chern-Simons theory in terms of gauge invariant composites of 2D WZW fields. To test our identification we compute some basic Wilson loop correlators reobtaining known results.Comment: 13 pages, Latex file. To appear in Mod.Phys.Lett.