Volatility Spillover Between the Stock Market and the Foreign Exchange Market in Pakistan

Our paper examines the volatility spillover between the stock market and the foreign exchange market in Pakistan. For long run relationship we use Engle Granger two step procedure and the volatility spillover is modelled through bivariate EGARCH method. The estimated results from cointegration analysis show that there is no long run relationship between the two markets. The results from the volatility modelling show that the behaviour of both the stock exchange and the foreign exchange markets are interlinked. The returns of one market are affected by the volatility of other market. Particularly the returns of the stock market are sensitive to the returns as well as the volatility of foreign exchange market. On the other hand returns in the foreign exchange market are mean reverting and they are affected by the volatility of stock market returns. There is strong relationship between the volatility of foreign exchange market and the volatility of returns in stock market

Volatility Spillover Between the Stock Market and the Foreign Exchange Market in Pakistan

Our paper examines the volatility spillover between the stock market and the foreign exchange market in Pakistan. For long run relationship we use Engle Granger two step procedure and the volatility spillover is modelled through bivariate EGARCH method. The estimated results from cointegration analysis show that there is no long run relationship between the two markets. The results from the volatility modelling show that the behaviour of both the stock exchange and the foreign exchange markets are interlinked. The returns of one market are affected by the volatility of other market. Particularly the returns of the stock market are sensitive to the returns as well as the volatility of foreign exchange market. On the other hand returns in the foreign exchange market are mean reverting and they are affected by the volatility of stock market returns. There is strong relationship between the volatility of foreign exchange market and the volatility of returns in stock market.Stock Market; Forex Market; EGARCH; Volatility Spillover; Stock market return; Foreign Exchange return; Pakistan

Volatility Spillover between the Stock Market and the Foreign Market in Pakistan

Our paper examines the volatility spillover between the stock market and the foreign exchange market in Pakistan. For the longrun relationship we use the Engle Granger two-step procedure and the volatility spillover is modelled through the bivariate EGARCH method. The estimated results from cointegration analysis show that there is no long-run relationship between the two markets. The results from the volatility modelling show that the behaviours of both the stock exchange and the foreign exchange markets are interlinked. The returns of one market are affected by the volatility of the other market. Particularly, the returns of the stock market are sensitive to the returns as well as the volatility of the foreign exchange market. On the other hand, returns in the foreign exchange market are mean-reverting, and they are affected by the volatility of stock market returns. There is a strong relationship between the volatility of the foreign exchange market and the volatility of returns in the stock market.Stock Market, Forex Market, EGARCH, Volatility Spillover, Stock Market Returns, Foreign Exchange Return, Pakistan

Volatility Spillover between the Stock Market and the Foreign Market in Pakistan

Our paper examines the volatility spillover between the stock market and the foreign exchange market in Pakistan. For the longrun relationship we use the Engle Granger two-step procedure and the volatility spillover is modelled through the bivariate EGARCH method. The estimated results from cointegration analysis show that there is no long-run relationship between the two markets. The results from the volatility modelling show that the behaviours of both the stock exchange and the foreign exchange markets are interlinked. The returns of one market are affected by the volatility of the other market. Particularly, the returns of the stock market are sensitive to the returns as well as the volatility of the foreign exchange market. On the other hand, returns in the foreign exchange market are mean-reverting, and they are affected by the volatility of stock market returns. There is a strong relationship between the volatility of the foreign exchange market and the volatility of returns in the stock marketStock Market, Forex Market, EGARCH, Volatility Spillover, Stock Market Returns, Foreign Exchange Return, Pakistan

Yellow pea flour and protein isolate as sources of antioxidant peptides after simulated gastrointestinal digestion

Although peas are widely consumed legumes throughout the world, the bioactivity ofthe peptides released by the gastrointestinal digestion has not been sufficiently studiedso far. The objective of the present work was to evaluate the potential of floursand protein isolates obtained from two varieties of yellow peas as sources of antioxidantpeptides. Flours and protein isolates were prepared and submitted to a simulatedgastrointestinal digestion. Protein hydrolysis degree (TNBS method) andprotein solubility (in phosphate buffer saline, pH = 7.4) values were independent onthe starting material. Antioxidant activity measured by oxygen radical absorbancecapacity (ORAC) and hydroxyl radical averting capacity (HORAC) showed no differencesbetween varieties. A lower activity was registered for protein isolates withrespect to flours in the case of HORAC, which could be associated with a loss of moleculeswith molecular masses lower than 43 kDa in the protein isolates. A significantincrease in activities was evidenced by both methods after gastrointestinal digestion,except in the case of HORAC activity of flours. Digested from protein isolates presenteda greater ratio of molecules smaller than 1.4 kDa and a lower ratio of thoselarger than 6.5 kDa with respect to digested flours, according to electrophoresis andgel filtration chromatography studies. Results suggested that the presence of othercomponents or/and the initial state of proteins would affect proteolytic attack ofdigestive enzymes. Both, pea flours and protein isolates, present interesting potentialas antioxidants food ingredients.Fil: Cipollone, María Agustina. Provincia de Buenos Aires. Gobernación. Comisión de Investigaciones Científicas. Centro de Investigación y Desarrollo en Criotecnología de Alimentos. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - La Plata. Centro de Investigación y Desarrollo en Criotecnología de Alimentos. Universidad Nacional de La Plata. Facultad de Ciencias Exactas. Centro de Investigación y Desarrollo en Criotecnología de Alimentos; ArgentinaFil: Tironi, Valeria Anahi. Provincia de Buenos Aires. Gobernación. Comisión de Investigaciones Científicas. Centro de Investigación y Desarrollo en Criotecnología de Alimentos. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - La Plata. Centro de Investigación y Desarrollo en Criotecnología de Alimentos. Universidad Nacional de La Plata. Facultad de Ciencias Exactas. Centro de Investigación y Desarrollo en Criotecnología de Alimentos; Argentin

Boron nitride nanoscrolls: structure, synthesis, and applications

This is the author accepted manuscriptBoron nitride nanoscrolls (BNS) are open-ended, one-dimensional (1D) nanostructures made by the process of rolling boron nitride nanosheets (BNNS) into a scroll-like morphology. BNS offer a high surface area to volume ratio and possess many unique properties (similar to carbon nanotubes (CNT), carbon nanoscrolls (CNS) and boron nitride nanotubes (BNT)) such as high resistance to oxidation, chemical stability, increased lubrication, high-temperature resistance, electrical insulation, the ability to cap molecules inside and at the ends,and a wide band gap regardless of chirality. Despite these attractive featuresand properties well suited for applications in biotechnology, energy storage, and electronics, the true potential of boron nitride, and BNS as the next ‘miracle material’ is yet to be fully explored. In this critical review, we assess, for the first time, various studies published on the formation, structural and dynamic characteristics of BNS, potential routes for BNS synthesis, and the toxicology of BNS. Finally, the future perspectives of BNS are discussed in view of its unique and exceptional candidacy for many (real-world) applications

Attitudes and practices of postgraduate medical trainees towards research--a snapshot from Faisalabad

Objective: To assess the attitudes and practices of postgraduate medical trainees towards research.Methods: It was a self-administered questionnaire based cross-sectional survey conducted on 55 conveniently selected trainees in Allied Hospital, Faisalabad.Results: Only 11 trainees read journals monthly, seven had written an article for a journal, 51 regarded reading literature important, 39 intended to engage in future research and 37 said they received inappropriate research training. The major reasons cited for poor research activity in Pakistan were poor research training and awareness.CONCLUSION: Though the attitudes towards research were positive, they were deficient practically in terms of reading and writing literature. There is an immediate need to improve research training in our educational institutes to facilitate the development of the local literature both in terms of research utilization and productio

Context aware ontology‐based hybrid intelligent framework for vehicle driver categorization

In public vehicles, one of the major concerns is driver's level of expertise for its direct proportionality to safety of passengers. Hence, before a driver is subjected to certain type of vehicle, he should be thoroughly evaluated and categorized with respect to certain parameters instead of only one‐time metric of having driving license. These aspects may be driver's expertise, vigilance, aptitude, experience years, cognition, driving style, formal education, terrain, region, minor violations, major accidents, and age group. The purpose of this categorization is to ascertain suitability of a driver for certain vehicle type(s) to ensure passengers' safety. Currently, no driver categorization technique fully comprehends the implicit as well as explicit characteristics of drivers dynamically. In this paper, machine learning–based dynamic and adaptive technique named D‐CHAITs (driver categorization through hybrid of artificial intelligence techniques) is proposed for driver categorization with an objective focus on driver's attributes modeled in DriverOntology. A supervised mode of learning has been employed on a labeled dataset, having diverse profiles of drivers with attributes pertinent to drivers' perspectives of demographics, behaviors, expertise, and inclinations. A comparative analysis of D‐CHAIT with three other machine learning techniques (fuzzy logic, case‐based reasoning, and artificial neural networks) is also presented. The efficacy of all techniques was empirically measured while categorizing the drivers based on their profiles through metrics of accuracy, precision, recall, F‐measure performance, and associated costs. These empirical quantifications assert D‐CHAIT as a better technique than contemporary ones. The novelty of proposed technique is signified through preprocessing of feature attributes, quality of data, training of machine learning model on more relevant data, and adaptivity This is the peer reviewed version of the following article: Context aware ontology‐based hybrid intelligent framework for vehicle driver categorization, which has been published in final form at https://doi.org/10.1002/ett.3729. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Use of Self-Archived Versions

Evaluation of Antihypertensive Effect of Aqueous Methanol Extract of Caralluma tuberculata N.E.Br in Sprauge Dawley Rats

Purpose: To evaluate the phytochemical profile and antihypertensive effect of Caralluma tuberculata N.E.Br (AMECT).Methods: The antihypertensive effect of the aqueous methanol extract of (AMECT) was evaluated in both normotensive and hypertensive rats. In normotensive rats, various doses (100, 300 and 500 mg/kg body weight, p.o.) were administered at 0, 1, 3 and 6 hr intervals. Anti-hypertensive activity of the crude extract was investigated in three experimental hypertensive models, viz, egg-fed diet, glucose-induced and cadmium-induced hypertensive rats. Cardiovascular parameters, including systolic blood pressure (SBP), diastolic blood pressure (DBP), mean blood pressure (MBP) and heart rate (HR) were measured by tail cuff method using non-invasive blood pressure apparatus (NIBP) attached. AMECT was also investigated for its phytochemical profile.Results: The results indicate that AMECT produced a dose-dependent, significant (p < 0.05) decrease in SBP, DBP, MBP, and HR (p < 0.01) of normotensive rats, when compared to control groups, at all test doses. The 500 mg/kg dose produced a highly significant effect (mm Hg, p < 0.001) in SBP (85.9 ± 7.2), DBP (71.86 ± 12.1), MBP (75.1 ± 11.7) and HR (238.08 ± 8.3 beats/min), in comparison to 100 and 300 mg/kg doses; therefore, 500 mg/kg was selected for antihypertensive test in egg-fed, glucose-induced and cadmium-treated hypertensive rats. Significant (p < 0.05) antihypertensive and negative chronotropic effects were observed in hypertensive models compared to their respective normal controls. Phytochemical analysis revealed the presence of tannins, alkaloids, phenolic compounds, cardiac glycosides and flavonoids.Conclusion: The findings indicate that Caralluma tuberculata possesses significant anti-hypentensive activity in rats.Keywords: Phytochemical profile, Antihypertensive, Cardiovascular, Caralluma tuberculata N.E.Br, Blood pressur