504 research outputs found
Linearity and stationarity of G7 government bond returns
This study investigates the linearity and stationarity properties of government bond returns for the G7 economies. Our results from Luukkonen et al. (1988) linearity test reveal the nonlinear nature of all of the G7 bond returns. Furthermore, we had determined that they are stationary by the Kapetanios et al. (2003) nonlinear unit root test. In sum, it can be concluded that G7 government bond returns are stationary but possess a nonlinear feature. Our findings provide useful information for researchers interested in bond markets.government bond returns, G7, nonlinear, linearity, stationarity
Does the US IT stock market dominate other IT stock markets: Evidence from multivariate GARCH model
Utilizing multivariate GARCH framework, this study finds that generally the US Information Technology (IT) market contributes a strong volatility rather than mean spillover effect to non-US IT markets, implying that the US IT market plays a dominant role in affecting the volatility of world IT markets. However, our further analysis of the dynamic path of correlation coefficients reveals that the strong relationship between US and non-US IT markets had weakened after the burst of the IT bubble.
Linearity and stationarity of G7 government bond returns
This study investigates the linearity and stationarity properties of government bond returns for the G7 economies. Our results from Luukkonen et al. (1988) linearity test reveal the nonlinear nature of all of the G7 bond returns. Furthermore, we had determined that they are stationary by the Kapetanios et al. (2003) nonlinear unit root test. In sum, it can be concluded that G7 government bond returns are stationary but possess a nonlinear feature. Our findings provide useful information for researchers interested in bond markets.government bond returns; G7; linearity, stationarity; nonlinear
Dense-Coding Attack on Three-Party Quantum Key Distribution Protocols
Cryptanalysis is an important branch in the study of cryptography, including
both the classical cryptography and the quantum one. In this paper we analyze
the security of two three-party quantum key distribution protocols (QKDPs)
proposed recently, and point out that they are susceptible to a simple and
effective attack, i.e. the dense-coding attack. It is shown that the
eavesdropper Eve can totally obtain the session key by sending entangled qubits
as the fake signal to Alice and performing collective measurements after
Alice's encoding. The attack process is just like a dense-coding communication
between Eve and Alice, where a special measurement basis is employed.
Furthermore, this attack does not introduce any errors to the transmitted
information and consequently will not be discovered by Alice and Bob. The
attack strategy is described in detail and a proof for its correctness is
given. At last, the root of this insecurity and a possible way to improve these
protocols are discussed.Comment: 6 pages, 3 figure
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