Selected Publications

 

1.

Dynamic Correlation Analysis of Financial Contagion: Evidence from Asian Markets, (with Bang Nam Jeon and Huimin Li), Journal of International Money and Finance, 2007, forthcoming.

2.

Country-Fund Discounts and Risk: Evidence from Stock Market Volatility and Macroeconomic Volatility," (with D. Kim and E. Lee), Journal of Economic and Business, 2006, forthcoming.

3.

"International Parity Conditions and Market Risk," Encyclopedia of  Finance, A. Lee and C.F. Lee, eds., Kluwer Academic Publishers, 2005, 290-304.

4.

"Phase Distribution and Phase Correlation of Financial Time Series," (with Ming-Chya   Wu, Ming-Chang Huang, Hai-Chin Yu) Physical Review E, 73, 016118, March 2006.  

5.

International Asset Excess Returns and Multivariate Conditional Volatilities, (with S.-Y. Yang), Review of Quantitative Finance and Accounting, 24, 295-312, 2005.

6.

On Country-Fund Price Behavior – An Empirical Analysis of Cointegrating Factors, (with D. Kim), Advances in Financial Planning and Forecasting, 11, 85-112, 2003.

7.

Asymmetrical Reaction to US Stock-Return News: Evidence from Major Stock Markets Based on A Double-Threshold Model, Journal of Economics and Business, 55, 2003.

8.

Foreign exchange risk premiums and time-varying equity market risks, (with S.-Y. Yang), International Journal of Risk Assessment and Management, 4(4), 2003.

9.

Empirical Analysis of Stock Returns and Volatility: Evidence from Seven Asian Stock Markets Based on TAR-GARCH Model (with S.C. Doong), Review of Quantitative Finance and Accounting, 17, 2001, 301–318.

10.

Short-term Eurocurrency Rate Behavior and Specifications of Cointegrating Processes (with D. Kim), International Review of Economics and Finance, 9(1), 2000, 157-179.

11.

Do Foreign Exchange Risk Premiums relate to the Volatility in the Foreign Exchange and Equity Markets? (with C. Jiang), Applied Financial Economics, 10, 2000, 95-104.

12.

Retrieving the Vanishing Liquidity Effect - A Threshold Vector Autoregressive Model (with C.H. Shen), Journal of Economics and Business, 51(3), May/June 1999, 257-277.

13.

On the Nonlinear Specifications of the Short-Term Interest Rate Behavior: Evidence from Euro-Currency Markets (with J. Chiang), Review of Quantitative Finance and Accounting, 12(4), June 1999, 351-370.

14.

Empirical Analysis of Real and Financial Volatilities on Stock Excess Returns: Evidence from Taiwan Industrial Data (with S.C. Doong), Global Finance Journal, 10 (2), 1999, 187-200.

15.

Time Series Dynamics of Short-Term Interest Rates - Evidence from Euro-Currency Markets, Journal of International Financial Markets, Institutions & Money, 7, October 1997, 201-220.

16.

Risk and International Parity Conditions: A Synthesis from Consumption-based Models, (with J.A. Trinidad) International Economic Journal,11, Summer 1997, 73-101.

17.

Empirical Analysis of Short-Term Euro-Currency Rates: Evidence from a Transfer Function - Error Correction Model (with J. J. Chiang), Journal of Economics and Business, 47, 1995, 335-351.

18.

Foreign Exchange Returns Over Short and Long Horizons, (with C.X.Jiang) International Review of Economics and Finance, 4(3), 1995, 267-282.

19.

An empirical analysis of the expert expectations hypothesis in the US Treasury bill market, Applied Financial Economics, 1993, 3, 329-334.

20.

International Asset Pricing and Equity Market Risk, Journal of International Money and Finance, 10, September 1991, 349-364.

21.

Forecasting The Treasury Bill Rate: A Time-Varying Coefficient Approach, (with D.R. Kahl) The Journal of Financial Research, XIV (4), Winter 1991, 327-336.

22.

The Forward Rate as a Predictor of the Future Spot Rate - A Stochastic Coefficient Approach, Journal of Money, Credit and Banking, May 1988, 210-232.

23.

The Impact of Unexpected Macro-Disturbance on Exchange Rates in Monetary Models, Quarterly Review of Economics and Business, 25(2), Summer 1985, 49-59.

24.

Returns and Volatility Asymmetries in Global Stock Markets, (with C.W.S. Chen and M.K.P. So), Working Paper No. 2003-02, Center for International Finance and Banking, Drexel University, 2005, revised.

25.

Asymmetrical Investor Sentiments in Country Funds: The Effects of Domestic and Foreign Volume and Volatility on Fund Discounts, (with J.J. Choi and D. Kim), 2004, working paper, Drexel University.

26.

An Empirical Analysis of High Frequency Intraday Stock Returns: Evidence from Dow-Jones and NASDAQ Indices, (with Hai-Chin Yu and Ming-Chya Wu), Drexel Working Paper, 2005, revised 2006.