8,276 research outputs found

    Enlightened ages, ages of improvement, and the Scottish Enlightenment

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    Testing the Hypothesis of Contagion using Multivariate Volatility Models

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    The aim of this paper is to test whether or not there was evidence of contagion across the various financial crises that assailed some countries in the 1990s. Data on sovereign debt bonds for Brazil, Mexico, Russia and Argentina were used to implement the test. The contagion hypothesis is tested using multivariate volatility models. If there is any evidence of structural break in volatility that can be linked to financial crises, the contagion hypothesis will be confirmed. Results suggest that there is evidence in favor of the contagion hypothesisContagion, Multivariate Volatility Models

    Testing the long-run implications of the expectation hypothesis using cointegration techniques with structural change

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    This paper investigates whether or not multivariate cointegrated process with structural change can describe the Brazilian term structure of interest rate data from 1995 to 2006. In this work the break point and the number of cointegrated vector are assumed to be known. The estimated model has four regimes. Only three of them are statistically different. The first starts at the beginning of the sample and goes until September of 1997. The second starts at October of 1997 until December of 1998. The third starts at January of 1999 and goes until the end of the sample. It is used monthly data. Models that allows for some similarities across the regimes are also estimated and tested. The models are estimated using the Generalized Reduced-Rank Regressions developed by Hansen (2003). All imposed restrictions can be tested using likelihood ratio test with standard asymptotic qui-squared distribution. The results of the paper show evidence in favor of the long run implications of the expectation hypothesis for Brazil.Term structure, cointegration, structural change

    Mythology in Children\u27s Animation

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    In recent years, there have been several animated films, ostensibly for children yet appreciable by adults as well, which have made attempts to incorporate various mythologies of the world into their settings and plots. There is considerable variation in the amounts of mythology included, from offhand mentions to integral components of the story. There is also a wide range of the degree of faithfulness to the mythologies being depicted. This note gives an overview of some of the most well-known and readily available animations from 1992 to 2017, and show how the mythologies of many different cultures are represented. Some questions will be raised as to the educational value of such films in terms of introducing children to myths, legends, and folklore. The cultures whose myths, legends, and folklores being examined will include: - Greek, via Disney\u27s Hercules (1997); - Arabian, via Disney\u27s Aladdin (1992); - Irish, via The Secret of Kells (2009) and Song of the Sea (2014); - Mexican, via The Book of Life (2014) and Coco (2017) ; - Pacific Islands, via Moana (2016); - Japanese, via Kubo and the Two Strings (2016)
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