Financial liberalisation: from segmented to integrated economies

Cataloged from PDF version of article.Capital market liberalisation transforms segmented stock markets into integrated ones. Further impact should be expected on the dynamics of the rest of the domestic economy. This study presents evidence to that effect. A significant change after liberalisation is the emergence of world returns as an influential factor on other economic fundamentals. The information content of world returns influences emerging market returns prior to capital market liberalisation and this relation continues after capital market liberalisation. What is new after liberalisation is the influence of world returns on the dynamics of the domestic economy as a whole and its relation to stock returns. © 2003 Elsevier Inc. All rights reserved

Financial liberalisation: From segmented to integrated economies

Capital market liberalisation transforms segmented stock markets into integrated ones. Further impact should be expected on the dynamics of the rest of the domestic economy. This study presents evidence to that effect. A significant change after liberalisation is the emergence of world returns as an influential factor on other economic fundamentals. The information content of world returns influences emerging market returns prior to capital market liberalisation and this relation continues after capital market liberalisation. What is new after liberalisation is the influence of world returns on the dynamics of the domestic economy as a whole and its relation to stock returns. © 2003 Elsevier Inc. All rights reserved

Causality between Stock Returns and Macroeconomic Variables in Emerging Markets

[No abstract available

Grambank reveals the importance of genealogical constraints on linguistic diversity and highlights the impact of language loss

While global patterns of human genetic diversity are increasingly well characterized, the diversity of human languages remains less systematically described. Here we outline the Grambank database. With over 400,000 data points and 2,400 languages, Grambank is the largest comparative grammatical database available. The comprehensiveness of Grambank allows us to quantify the relative effects of genealogical inheritance and geographic proximity on the structural diversity of the world's languages, evaluate constraints on linguistic diversity, and identify the world's most unusual languages. An analysis of the consequences of language loss reveals that the reduction in diversity will be strikingly uneven across the major linguistic regions of the world. Without sustained efforts to document and revitalize endangered languages, our linguistic window into human history, cognition and culture will be seriously fragmented.Genealogy versus geography Constraints on grammar Unusual languages Language loss Conclusio

Determination of antioxidant capacities and chemical characteristics of pomegranate (Punica granatum L.) grown in the Siirt district

In this study, we measured the concentrations of organic acids, phenolic compounds, sugars and vitamin C as well as the total antioxidant capacities of pomegranate genotype cultivars grown in the Siirt province of Turkey. Our analysis of organic acids found citric acid concentrations between 0.66-2.75 g/L and malic acid concentrations between 0.61-3.88 g/L. Our analysis of phenolic compounds found catechin concentrations between 0.88-2.96 g/L and chlorogenic acid concentrations between 0.04-0.43 g/L. Further analyses revealed fructose concentrations between 4.76-11.74 g/100 g and glucose concentrations between 2.98-8.43 g/100 g. In addition, the concentrations of vitamin C and the total antioxidant capacities contents ranged between 11.40-45.07 mg/L and 4.56-16.64 mmol/L, respectively