Finance Discipline Group Working Paper Series
UTS Business School
University of Technology, Sydney

This working paper series has been discontinued.

This working paper series contains research papers in finance, banking and economics published by past and present members of the Finance Discipline Group and it predecesor, the School of Finance and Economics. Copies of the abstracts for each working paper have been made available where possible. Papers can be downloaded in Adobe Acrobat PDF format. To view these papers you will need the Adobe Acrobat PDF reader which can be downloaded without cost from Adobe's web site. Click here to download the Adobe Acrobat PDF reader now.

Print ISSN: 1036-7373
Online ISSN: 1837-1221

2016

185 The Theory and Models of Keynesian Disequilibrium Macroeconomics
by Tianhao Zhi
February 2016

Published as: Zhi, T., 2016, "The Theory and Models of Keynesian Disequilibrium Macroeconomics", International Journal of Economics & Management Sciences, 5(2), 1-6.

2015

184 A Critique of Modern Money Theory and the Disequilibrium Dynamics of Banking and Government Finance
by Tianhao Zhi
August 2015
183

Modelling the "Animal Spirits" of Bank's Lending Behaviour
by Carl Chiarella, Corrado Di Guilmi and Tianhao Zhi
August 2015

182

Board Size and Firm Value: Evidence from Australia
by Pascal Nguyen, Nahid Rahman, Alex Tong and Ruoyun Zhao
July 2015

Published as: Nguyen, P., Rahman, N., Tong, A. and Zhao, R., 2015, "Board Size and Firm Value: Evidence from Australia", Journal of Management and Governance, forthcoming.

 

2014

181

Does a Nearby Murder Affect Housing Prices and Rents? The Case of Sydney
by Anastasia Klimova and Adrian D. Lee
March 2014

Published as: Klimova, A. and Lee, A. D., 2014, "Does a Nearby Murder Affect Housing Prices and Rents? The Case of Sydney", Economic Record, 90(S1), 16-40.

180

Which Governance Characteristics Affect the Incidence of Divestitures in Australia?
by Pascal Nguyen and Nahid Rahman
January 2014

Published as: Nguyen, P. and Rahman, N., 2015, "Which Governance Characteristics Affect the Incidence of Divestitures in Australia?", Australian Journal of Management, 40(2), 351-374.

179 The Stock Market, the Real Economy and Contagion
by Dirk G Baur & Isaac Miyakawa
January 2014

 

2013

178 International Investors, Exchange Rates and Equity Prices
by & Isaac Miyakawa
December 2013
177

Do Lead Articles Signal Higher Quality in the Digital Age? Evidence from Finance Journals
by David Michayluk and Ralf Zurbruegg
November 2013

Published as: Michayluk, D. and Zurbruegg, R., 2014, "Do Lead Articles Signal Higher Quality in the Digital Age? Evidence from Finance Journals", Scientometrics, 98(2), 961-973.

 

2012

176 Forecasting Bank Leverage
by Gerhard Hambusch and Sherrill Shaffer
December 2012
175 A Gold Bubble?
by Dirk G. Baur and Kristoffer Glover
October 2012
174

The Destruction of a Safe Haven Asset?
by Dirk G. Baur and Kristoffer Glover
September 2012

Published as: Baur, D. G. and Glover, K., 2012, "The Destruction of a Safe Haven Asset?", Applied Finance Letters, 1(1), 8-15.

173 Safe Haven Assets and Investor Behavior Under Uncertainty
by Dirk G. Baur and Thomas K.J. McDermott
August 2012
172 The Long-run Relationship of Gold and Silver and the Influence of Bubbles and Financial Crises
by Dirk G. Baur and Duy T. Tran
August 2012

Published as: Baur, D. G. and Tran, D. T., 2014, "The Long-run Relationship of Gold and Silver and the Influence of Bubbles and Financial Crises", Empirical Economics, 67(4), 1525-1541.

171 An Empirical Analysis of Australian Gold Mining Firms
by Dirk G. Baur
August 2012
170 The Structure and Degree of Dependence - A Quantile Regression Approach
by Dirk G. Baur
August 2012

Published as: Baur, D. G., 2013, "The Structure and Degree of Dependence - A Quantile Regression Approach", Journal of Banking and Finance, 37(3), 786-798.

169

State-dependent Momentum in International Stock Markets
by Dirk G. Baur & Thomas Dimpfl
August 2012

168 No Puzzle: The Foreign Exchange Exposure of Australian Firms
by Dirk G Baur & Isaac Miyakawa
August 2012

Published as: Baur, D. G. and Miyakawa, I., 2014, "No Puzzle: The Foreign Exchange Exposure of Australian Firms", International Review of Financial Analysis, 32, 13-22.

 

2011

167

Adverse Selection, Moral Hazard and the Demand for Medigap Insurance
by Michael Keane & Olena Stavrunova
November 2011

Published as: Keane, M. and Stavrunova, O., 2016, "Adverse Selection, Moral Hazard and the Demand for Medigap Insurance", Journal of Econometrics, 190(1), 62-78.

166

Geographical Differences in Hospital Waiting Times
by Meliyanni Johar, Glenn Jones, Michael Keane, Elizabeth Savage & Olena Stavrunova
October 2011

Published as: Johar, M., Jones, G., Keane, M., Savage, E. J. and Stavrunova, O., 2012, "Geographic Differences in Hospital Waiting Times", Economic Record, 88(281), 165-181.

165 Discrimination in a Universal Health System: Explaining Socioeconomic Waiting Time Gaps
by Meliyanni Johar, Glenn Jones, Michael Keane, Elizabeth Savage & Olena Stavrunova
October 2011

Published as: Johar, M., Jones, G., Keane, M., Savage, E. J. and Stavrunova, O., 2013, "Discrimination in a Universal Health System: Explaining Socioeconomic Waiting Time Gaps", Journal of Health Economics, 32(1), 181-194.

2010

164

A Critique of the Threshold Concept Hypothesis and an Application in Economics
by Rod O'Donnell
December 2010

163 Opportunities Lost and Regained in the Land of Opportunity Cost
by Rod O'Donnell
December 2010
162

Exaggerated Death of Distance: Revisiting Distance Effects on Regional Price Dispersions
by Kazuko Kano, Takashi Kano & Kazutaka Takechi
October 2010

Published as: Kano, K, Kano, T.. and Takechi, K.. 2012, "Exaggerated Death of Distance: Revisiting Distance Effects on Regional Price Dispersions", Journal of International Economics, 90(2), 403-413.

161 Federal Legislative Activism in Australia: A New Approach to Testing Wagner's Law
by Stephen Kirchner
July 2010

Published as: Kirchner, S., 2012, "Federal Legislative Activism in Australia: A New Approach to Testing Wagner's Law", Public Choice, 153(3-4), 375-392.

160 Labor Supply and Taxes: A Survey
by Michael Keane
July 2010

Published as: Keane, M., 2011, "Labor Supply and Taxes: A Survey", Journal of Economic Literature, 49(4), 961-1075.

2009

159 A Revised Exposition of the Methodology for Testing Payments Systems Risk
by Peter Docherty & Gehong Wang
June 2009
158 Follow the Leader: Steady State Analysis of a Dynamic Social Network
by David Goldbaum
January 2009

2008

157 Fostering Educational Enrolment Through Subsidies: The Issue of Timing
by Mario Fiorini
May 2008

Published as: Fiorini, M., 2012, "Fostering Educational Enrolment Through Subsidies: The Issue of Timing", Journal of Applied Econometrics, 27(5), 741-772.

156 Stochastic Monotonicity in Intergenerational Mobility Tables
by Valentino Dardanoni, Mario Fiorini & Antonio Forcina
May 2008

Published as: Dardanoni, V., Fiorini, M. and Forcina, A., 2012, "Stochastic Monotonicity in Intergenerational Mobility Tables", Journal of Applied Econometrics, 27(1), 85-107.

155 Follow the Leader: Simulations on a Dynamic Social Network
by David Goldbaum
October 2008
154 Piloting a Peer Feedback Program in the Faculty of Business at UTS
by Gordon Menzies, Jonathan Pratt, Susan Thorp & Peter Docherty
July 2008
153 Money and Monetary Policy in a Kaldor-Pasinetti-Sraffa-Keynes Framework
by Peter Docherty
July 2008
152 Improving Student Skills in Essay Writing and Oral Presentations
by Tiffany Hutcheson
April 2008

2007

151

Keynesian AD-AS, Quo Vadis?
by Toichiro Asada, Carl Chiarella, Peter Flaschel & Christian R. Proaño
November 2007

Published as: Asada, T., Chiarella, C, Flaschel, P. and Proaño, C. R., 2009, "Keynesian AD-AS, Quo Vadis?", In: The Macrodynamics of Capitalism: Elements for a Synthesis of Marx, Keynes and Schumpeter, pp. 267-304.

2006

150 Reducing the Expectations Gap: Facilitating Improved Student Writing in an Intermediate Macroeconomics Course
by Peter Docherty, Harry Tse, Ross Forman & Jo McKenzie
November 2006
149 Using Synthetic Data to Measure the Impact of RTGS on Systemic Risk in the Australian Payments System
by Peter Docherty & G Wang
May 2006

Published as: Docherty, P.. and Wang, G., 201, "Using Synthetic Data to Measure the Impact of RTGS on Systemic Risk in the Australian Payments System", Journal of Financial Stability, 6(2), 103-117.

148 Endogenous Money, Non-neutrality and Interest-sensitivity in the Theory of Long Period Unemployment
by Peter Docherty
May 2006
147 Keynesian Macrodynamics and the Phillips Curve. An Estimated Baseline Macromodel for the U.S. Economy
by Pu Chen, Carl Chiarella, Peter Flaschel & Willi Semmler
March 2006

Published as: Chen, P., Chiarella, C., Flaschel, P. and Semmler, W., 2006, "Keynesian Macrodynamics and the Phillips Curve. An Estimated Baseline Macro-Model for the U.S. Economy", in Chiarella, C., Flaschel, P., Franke, R. and Semmler, W. (eds): Quantitative and Empirical Analysis of Nonlinear Dynamic Macromodels, Contributions to Economic Analysis (Series editors: B. Baltagi, E. Sadka and D. Wildasin), Elsevier, Amsterdam.

146 Keynesian Disequilibrium Dynamics: Convergence, Roads to Instability and the Emergence of Complex Business Fluctuations
by Pu Chen, Carl Chiarella, Peter Flaschel & Hing Hung
March 2006
145 Tutorial Attendance and Grade Achievement
by Tiffany Hutcheson & Harry Tse
March 2006

2005

144 An Empirical Test of a New Theory of Economic Growth - The Relationship Between External Debt and Economic Development
by Carolyn Currie
September 2005
143

A Test of the Strategic Effect of Basel II Operational Risk Requirements on Banks
by Carolyn Currie
September 2005

Published as: Currie, C., 2006, "A Test of the Strategic Effect of Basel II Operational Risk Requirements on Banks", The IUP Journal of Monetary Economics, IV(4), 6-28.

142 Towards a General Theory of Financial Regulation: Predicting, Measuring and Preventing Financial Crises
by Carolyn Currie
September 2005
141 A Test of the Strategic Effect of Basel II Operational Risk Requirements on Banks
by Carolyn Currie
September 2005
140 An Empirical Test of a New Theory of Economic Growth - The Relationship Between External Debt and Economic Development
by Carolyn Currie
September 2005

2004

139 Keynesian Dynamics and the Wage-Price Spiral: A Baseline Disequilibrium Model
by Toichiro Asada, Pu Chen, Carl Chiarella & Peter Flaschel
December 2004

Published as: Asada, T., Chen, P., Chiarella, C. and Flaschel, P., 2006, "Keynesian Dynamics and the Wage-Price Spiral: A Baseline Disequilibrium Model", Journal of Macroeconomics, 28(1), 90-130.

138 Continuous Time Model Estimation
by Carl Chiarella & Shenhuai Gao
December 2004
137 The Potential Effect of the New Basel Operational Risk Capital Requirements
by Carolyn Currie
September 2004
136 Learning by Students at University
by Tiffany Hutcheson & Harry Tse
September 2004
135 Regulatory Failure in Emerging Markets
by Carolyn Currie
May 2004
134 Basel II and Operational Risk - Overview of Key Concerns
by Carolyn Currie
March 2004
133 Partnering with the Private Sector to Introduce New Physical, Human, and Social Capital - Isolating Criteria for Success
by Scott Burd & Carolyn Currie
February 2004

2003

97 Towards Applied Disequilibrium Growth Theory: V Housing Investment Cycles, Private Debt Accumulation and Deflation
by Carl Chiarella & Peter Flaschel
April 2003
96 Towards Applied Disequilibrium Growth Theory: IV Numerical Investigations of the Core 18D Model
by Carl Chiarella, Peter Flaschel & Peiyuan Zhu
April 2003
132 Towards a General Theory of Financial Regulation: Predicting, Measuring and Preventing Financial Crises
by Carolyn Currie
October 2003
131 The Need for a New Theory of Economic Reform
by Carolyn Currie
October 2003

Published as: Currie, C., 2005, "The Need for a New Theory of Economic Reform", The Journal of Socio-Economics, 34(4), 425-443.

130 Factors Affecting the Probability of Bankruptcy
by Maurice Peat
September 2003

Published as: Peat, M., 2007, "Factors Affecting the Probability of Bankruptcy: A Managerial Decision Based Approach", Abacus, 43(3), 303-324.

129 The Structure of Keynesian Macrodynamics: A Framework for Future Research
by Carl Chiarella, Peter Flaschel & Peiyuan Zhu
May 2003
128 Interacting Two-Country Business Fluctuations
by T. Asada, Carl Chiarella, Peter Flaschel & Reiner Franke
May 2003
127 Real-Financial Interaction: Implications of Budget Equations and Capital Accumulation
by Carl Chiarella, Peter Flaschel & Willi Semmler
May 2003
126 International Diversification of Real Estate Assets - Is it Worth It? Evidence from the Literature
by Pat Wilson & Ralf Zurbruegg
May 2003

Published as: Wilson, P. J. and Zurbruegg, R., 2003, "International Diversification of Real Estate Assets - Is it Worth It? Evidence from the Literature", Journal of Real Estate Literature, 11(3), 257-278.

125 Output and the Term Structure of Interest Rates: Ways Out of the Jump-Variable Conundrum
by Carl Chiarella, Peter Flaschel, Reiner Franke & Willi Semmler
April 2003
124 Keynes-Metzler-Goodwin Model Building: The Closed Economy
by T. Asada, Carl Chiarella & Peter Flaschel
January 2003
122 The Role of Intra-Day and Inter-Day Data Effects in Determining Linear and Nonlinear Granger Causality Between Australian Futures and Cash Index Markets
by R. M. Eldridge, Maurice Peat & Max Stevenson
January 2003

2002

123 Stability Analysis of a High-Dimensional Macrodynamic Model of Real-Financial Interaction: A Cascade of Matrices Approach
by Carl Chiarella, Peter Flaschel, Reiner Franke & Willi Semmler
November 2002
121

Structural Breaks and Diversification: The Impact of the 1997 Asian Financial Crisis on the Integration of Asia-Pacific Real Estate Markets
by Pat Wilson, Ralf Zurbruegg & Richard Gerlach
October 2002

Published as: Wilson, P., Zurbruegg, R. and Gerlach, R., 2006, "Structural Breaks and Diversification: The Impact of the 1997 Asian Financial Crisis on the Integration of Asia-Pacific Real Estate Markets", Journal of International Money and Finance, 25(6), 974-991.

120 Nonlinear Phillips Curves, Complex Dynamics and Monetary Policy in a Keynesian Macro Model
by Carl Chiarella, Peter Flaschel, Gang Gong & Willi Semmler
October 2002

Published as: Chiarella, C., Flaschel, P., Gong, G. and Semmler, E., 2003, "Nonlinear Phillips Curves, Complex Dynamics and Monetary Policy in a Keynesian Macro Model", Chaos, Solitons & Fractals, 18(3), 613-634.

119 Behavioural Finance and the Decision to Invest in High Tech Stocks
by Sian Owen
August 2002
118 Regulatory Failure in Emerging Markets
by Carolyn Currie
May 2002
117 Integrity and Security in the E-Century
by Carolyn Currie
May 2002

Published as: Currie, C., 2008, "Integrity and Security in the E-Century", in Hamid Nemati (ed) Information Security and Ethics: Concepts, Methodologies, Tools, and Applications, pp. 3229-3249.

116 Solving the Price-Earnings Puzzle
by Carl Chiarella & Shenhuai Gao
April 2002
115 Modelling the Value of the S&P 500 - A System Dynamics Perspective
by Carl Chiarella & Shenhuai Gao
April 2002
114 Type I Spurious Regression in Econometrics
by Carl Chiarella & Shenhuai Gao
April 2002

2001

113 Failures in B2C Companies; Two Examples and Lessons for New Players
by Sian Owen
November 2001
112 Real-Financial Interaction: Integrating Supply Side Wage-Price Dynamics and the Stock Market
by Carl Chiarella, Peter Flaschel, Reiner Franke & Willi Semmler
September 2001
111 Real-Financial Interaction: A Reconsideration of the Blanchard Model with a State-of-Market Dependent Reaction Coefficient
by Carl Chiarella, Peter Flaschel & Willi Semmler
March 2001
110

The Effects of Inflation and the Business Cycle on Revisions of Macroeconomic Data
by Chris Bajada
January 2001

Published as: Bajada, C., 2002, "The Effects of Inflation and the Business Cycle on Revisions of Macroeconomic Data", Australian Economic Review, 35(3), 276-286.

2000

76

Approximating Heath-Jarrow-Morton Non-Markovian Term Structure of Interest Rate Models with Markovian Systems
by Ram Bhar & Carl Chiarella
September 2000

109

Price Flexibility and Debt Dynamics in a High Order AS-AD Model
by Carl Chiarella, Peter Flaschel & Willi Semmler
September 2000

Published as: Chiarella, C., Flaschel, P. and Semmler, W., 2001, "Price Flexibility and Debt Dynamics in a High Order AS-AD Model", Central European Journal of Operation Research, 9, 119-145.

108 Output, Financial Markets and Growth
by Carl Chiarella, Peter Flaschel, Reiner Franke & Willi Semmler
September 2000
107 Trading in the Australian Foreign Exchange Market
by Tiffany Hutcheson
September 2000
106 A Decomposition of the Labour Market Participation of Married Women in Three Countries: Australia, Canada and the United States of America
by Vera Brusentsev
July 2000
105 The Game Academics Play: Editors Versus Authors
by Joao Ricardo Faria
June 2000

Published as: Faria, J. R., 2005, "The Game Academics Play: Editors Versus Authors", Bulletin of Economic Research, 57(1), 1-12.

104 Integrating Tobin's Q with Goodwin's Nonlinear Accelerator
by Joao Ricardo Faria
May 2000
103 An Examination of the Statistical Discrepancy and Private Investment Expenditure
by Chris Bajada
February 2000

Published as: Bajada, C., 2001, "An Examination of the Statistical Discrepancy and Private Investment Expenditure", Journal of Applied Economics, IV(1), 27-61.

102 Learning in a Generalized Dornbusch Model of Exchange Rate Dynamics
by Carl Chiarella & Alexander Khomin
February 2000
101 An Economic Analysis of the Peter and Dilbert Principles
by Joao Ricardo Faria
January 2000
100 The Research Output of Academic Economists in Brazil
by Joao Ricardo Faria
January 2000

Published as: Faria, J. R., 2000, "The Research Output of Academic Economists in Brazil", Economia Aplicada, 4(1), 95–113.

1999

99 Towards Applied Disequilibrium Growth Theory: VII Intensive Form and Steady State Calculation in the Case of Substitution
by Carl Chiarella, Peter Flaschel, G. Groh, C. Köper & Willi Semmler
December 1999
98 Towards Applied Disequilibrium Growth Theory: VI Substitution, Money-Holdings, Wealth-Effects and Further Extensions
by Carl Chiarella, Peter Flaschel, G. Groh, C. Köper & Willi Semmler
December 1999
95 Towards Applied Disequilibrium Growth Theory: III Basic Partial Feedback Structures and Stability Issues
by Carl Chiarella & Peter Flaschel
December 1999
94 Towards Applied Disequilibrium Growth Theory: II Intensive Form and Steady State Analysis of the Model
by Carl Chiarella & Peter Flaschel
December 1999
93 Towards Applied Disequilibrium Growth Theory: I The Starting Model
by Carl Chiarella & Peter Flaschel
November 1999
92 Do Ex-Dividend Drop-Offs Differ Across Markets? Evidence from Internationally Traded (ADR) Stocks
by VT Alaganar, Graham Partington & Max Stevenson
October 1999
91 Confidence Intervals for the Underground Economy in Australia
by Chris Bajada
September 1999
90 The Dynamics of the Cobweb when Producers are Risk Averse Learners
by Carl Chiarella & Xue-Zhong He
September 1999

Published as: Chiarella, C. and He, X., 2000, "The Dynamics of the Cobweb When Producers are Risk Averse Learners", In Engelbert J. Dockner, Richard F. Hartl, Mikulas Luptačik and Gerhard Sorger (eds) Optimization, Dynamics, and Economic Analysis: Essays in Honor of Gustav Feichtinger, 86-100.

89 Is There a General Criterion for Dynamic Efficiency?
by M. A. C. Martins & Joao Ricardo Faria
August 1999
88 Consumer Behaviour, Labour Supply and Diabetes: The Complex Case
by Joao Ricardo Faria
August 1999
87 The Birth of Limit Cycles in Nonlinear Oligopolies with Continuously Distributed Information Lags
by Carl Chiarella & Ferenc Szidarovszky
August 1999

Published as: Chiarella, C. and Szidarovszky, F., 2005, "The Birth of Limit Cycles in Nonlinear Oligopolies with Continuously Distributed Information Lags", In Moshe Dror, Pierre L’Ecuyer and Ferenc Szidarovszky (eds) Modeling Uncertainty: An Examination of Stochastic Theory, Methods, and Applications, International Series in Operations Research & Management Science, Volume 46, 249.268.

86 The Price of Risk
by Craig Ellis
August 1999
85 Disequilibrium Growth Theory: Foundations, Synthesis, Perspectives
by Carl Chiarella & Peter Flaschel
March 1999
84 An International Comparison of Regulatory Regimes and Trading Structures: Seven Stock Markets, (Parts II and III)
by Lori Semaan
February 1999
83 An International Comparison of Regulatory Regimes and Trading Structures: Seven Stock Markets, (Part I)
by Lori Semaan
February 1999

1998

82 Is Speculative Activity in Asia Pacific Markets Anything New?
by Tiffany Hutcheson
November 1998
81 Zero-Coupon Yield Curve Estimation: A Principal Component, Polynomial Approach
by Ben Hunt & Chris Terry
November 1998
80 Regime Switches in Property Market Risk Premiums: Some International Comparisons
by Pat Wilson, John Okunev & Tiffany Hutcheson
September 1998
79 Modelling the Expected Value of the Classical Rescaled Adjusted Range for Long-Term Dependent Series
by Craig Ellis
April 1998

1997

78 Ownership Structure and Building Society Efficiency
by Tiffany Hutcheson & Ian Sharpe
October 1997

Published as: Hutcheson, T. and Sharpe, I., 1998, "Ownership Structure and Building Society Efficiency", Australian Journal of Management, 23(2), 151-168.

77 The Wallis Inquiry, an Information Brief From the Perspective of a Political Economic Historian
by Carolyn Currie
July 1997
75 A Survey of Models for the Pricing of Interest Rate Derivatives
by Carl Chiarella & Nadima El-Hassan
July 1997
74 Individual Share Futures Contracts: The Economic Impact of Their Introduction on the Underlying Equity Market
by Maurice Peat & M. McCorry
July 1997
73 Testing for Evidence of Nonlinear Structure in Daily and Weekly United Kingdom Stock and Property Market Indicies
by Graham Newell, Maurice Peat & Max Stevenson
May 1997
72

Evaluation of Derivative Security Prices in the Heath-Jarrow-Morton Framework as Path Integrals Using Fast Fourier Transform Techniques
by Carl Chiarella & Nadima El-Hassan
March 1997

Published as: Chiarella, C. and El-Hassan, N., 1997, "Evaluation of Derivative Security Prices in the Heath-Jarrow-Morton Framework as Path Integrals Using Fast Fourier Transform Techniques", Journal of Financial Engineering, 6(2), 121-147.

1996

71 Ethnic Small Business and Employment Creation in Australia in the 1990s
by Jock Collins
December 1996
70 Construction of Zero-Coupon Yield Curve From Coupon Bond Yield Using Australian Data
by Ram Bhar & Carl Chiarella
November 1996
69

Mis-Specification in the Estimation of the Expected Rescaled Adjusted Range Statistic: The Case Versus Peters
by Craig Ellis
October 1996

Published as: Ellis, C., 2006, "The Mis-Specification of the Expected Rescaled Adjusted Range", Physica A: Statistical Mechanics and its Applications, 363(2), 469-476.

68 Cosmopolitan Capitalism: Ethnicity, Gender and Small Business in Australia in the 1990s
by Jock Collins
September 1996
67 Does the Process of Spatial Aggregation of U.K. Unemplyment Rate Series Serve to Induce or Remove Evidence of Asymmetry in the Business Cycle
by D. Jones, Maurice Peat & Max Stevenson
September 1996
66 Bootstrap Results From the State Space From Representation of the Heath-Jarrow-Morton Model
by Ram Bhar & Carl Chiarella
August 1996
65 Fractional Co-Integration in Domestic and International Real Estate and Stock Markets
by John Okunev & Pat Wilson
June 1996
64

Learning Dynamics in a Nonlinear Stochastic Model of Exchange Rates
by Carl Chiarella & Alexander Khomin
May 1996

63

A Preference Free Partial Differential Equation for the Term Structure of Interest Rates
by Carl Chiarella & Nadima El-Hassan
May 1996

Published as: Chiarella, C. and El-Hassan, N., 1996, "A Preference Free Partial Differential Equation for the Term Strructure of Interest Rates", Financial Engineering and the Japanese Markets, 3(3), 217-238.

62

Unit Root Testing with Known and Unknown Structural Breaks in Property and Equity Markets
by Pat Wilson & John Okunev
April 1996

61 Testing for Evidence of Nonlinear Structure in Australian Real Estate Market Returns
by Graham Newell, Maurice Peat & Max Stevenson
April 1996
60 Some Further Theoretical and Empirical Implications Regarding the Relationship between Earnings, Dividends and Stock Prices
by Raymond Chiang, Ian Davidson & John Okunev
February 1996

Published as: Chiang, R., Davidson, I. and Okunev, J. 1997, "Some Further Theoretical and Empirical Implications Regarding the Relationship between Earnings, Dividends and Returns", Journal of Banking and Finance, 21(1), 17-35.

59 Modelling the Equity Risk Premium in the Long Term
by Ian Davidson, John Okunev & Mohammad Tahir
February 1996
58 Stochastic Interest Rates, Transaction Costs and Immunizing Foreign Currency Risk
by Raymond Chiang, John Okunev & Mark Tippett
February 1996
57 Some Further Evidence in Relation to Short Termism of Stock Prices
by Ian Davidson, John Okunev & Mark Tippett
February 1996

1995

56 Estimating the Term Structure of Volatility in Futures Yield - A Maximum Likelihood Approach
by Ram Bhar & Carl Chiarella
December 1995
55

Interest Rate Futures: Estimation of Volatility Parameters in an Arbitrage-Free Framework
by Ram Bhar & Carl Chiarella
December 1995

Published as: Bhar, R. and Chiarella, C., 1997, "Interest rate futures: Estimation of volatility parameters in an arbitrage-free framework", Applied Mathematical Finance, 4(4), pp. 181-199.

54 The Estimation of the Heath-Jarrow-Morton Model by Use of Kalman Filtering Techniques
by Ram Bhar & Carl Chiarella
December 1995

Published as: Bhar, R. and Chiarella, C., 1997, "The Estimation of the Heath-Jarrow-Morton Model by Use of Kalman Filtering Techniques", in H. Amman et al (eds) Computational Approaches to Economic Problems, Kluwer Academic Publishers, 113-126.

53

Transformation of Heath-Jarrow-Morton Models to Markovian Systems
by Ram Bhar & Carl Chiarella
December 1995

Published as: Bhar, R. and Chiarella, C., 1997, "Transformation of Heath-Jarrow-Morton models to Markovian systems", The European Journal of Finance, 3(1), ,1-26.

52 Keynesian Monetary Growth Dynamics: The Missing Prototype
by Carl Chiarella & Peter Flaschel
October 1995
51 Fitting Parsimonious Yield Curve Models to Australian Coupon Bond Data
by Ben Hunt
September 1995
50 Modelling the Yields on Australian Coupon Paying Bonds
by Ben Hunt
September 1995
49 Measuring the Degree of Integration Amongst Domestic and International Real Estate and Financial Assets Markets
by Pat Wilson, John Okunev & Guy Ta
September 1995
48 Testing for Nonlinearities in Economic and Financial Time Series
by Maurice Peat & Max Stevenson
September 1995
47

Using Non-Linear Tests to Examine Integration Between Real Estate and Equity Markets
by John Okunev & Pat Wilson
September 1995

46 Comparing and Contrasting Native Property Title Claims in South Africa and Australia
by Pat Wilson & P. DuPlessis
May 1995
45 Immigration and Labor Government in Australia: 1983-95
by Jock Collins
March 1995
44 Chinese in Australia 1945-1994: Changing Patterns of Migration, Racialisation and Opportunity
by Jock Collins & Carol Reid
March 1995
43 A Dynamic Analysis of Cournot Duopoly in Imperfectly Competitive Product and Factor Markets
by Carl Chiarella & Koji Okuguchi
March 1995

Published as: Chiarella, C. and Okuguchi, K., 1997, "A Dynamic Analysis of Cournot Duopoly in Imperfectly Competitive Product and Factor Markets", Keio Economic Studies, 34(1), 21-33.

1994

42 Are Real Estate and Securities Markets Integrated? Some Australian Evidence
by Pat Wilson, John Okunev & Guy Ta
October 1994

Published as: Wilson, P., Okunev, J. and Ta, G., 1996, "Are Real Estate and Securities Markets Integrated? Some Australian Evidence", Journal of Property Valuation and Investment, 14(5), pp. 7-24.

41

The Changing Political Economy of Australian Racism
by Jock Collins
October 1994

Published as: Collins, J., 1996, "The Changing Political Economy of Australian Racism", in S. Castles and E. Vasta (eds) The Teeth are Smiling: The Persistence of Racism in Multicultural Australia, Allen and Unwin, Sydney, pp. 73-96.

40 A Survey of Expectations of Bankers on the Factors Business Firms Use in Selecting a Bank
by Rowan Trayler, J. Nielsen & B. Brown
October 1994
39 Modelling Yen Futures Return Using Daily Data From IMM and Simex
by Ram Bhar
October 1994
38

Earnings, Dividends and Returns: A Theoretical Model
by Garry Hobbes, Graham Partington & Max Stevenson
October 1994

Published as: Hobbes, G., Partington, G.and Stevenson, M.1996, "Earnings, Dividends and Returns: A Theoretical Model", Research in Finance,  Supplement 2, pp. 221-244.

37 Asymmetry in the Business Cycle: Evidence from the Australian Labour Market
by Maurice Peat & Max Stevenson
June 1994

Published as: Peat, M. and Stevenson, M. 1996, "Asymmetry in the Business Cycle: Evidence from the Australian Labour Market", Journal of Economic Behavior and Organization, 30(3), pp. 353-368.

36 Takeover Bids, Share Prices, and the Expected Value Hypothesis
by Elaine Hutson & Graham Partington
April 1994
35 Yield Curve as a Cointegrated System: Evidence from Australian Treasury Securities
by Ram Bhar
March 1994

1993

34 A Limited Stock Arbitrage of the Sydney Futures Exchange SPI Contract
by Ben Hunt
October 1993
33 Circumstantial Evidence of the Influence of Estate Agents on Exchange Price and Market Reserve Price
by Pat Wilson
September 1993
32

The Sources of Unemployment: A Simple Econometric Analysis
by Tom Valentine
September 1993

Published as: Valentine, T. 1993, "The Sources of Unemployment: A Simple Econometric Analysis", Economic Papers, 12(4), pp. 1-20.

31 Bank Share Prices and Profitability
by Daniel Daugaard & Tom Valentine
August 1993
30 Will We Survive the Debt Crisis?
by Tom Valentine
July 1993
29 Miller Modigliani and Ohlson: A Note on an Old Model in New Clothes
by Graham Partington
April 1993
28 Cohesion with Diversity? Immigration and Multiculturalism in Canada and Australia
by Jock Collins
April 1993
27 The Impact of the Closer Economic Relations Agreement on the Cultural Industries in Australia and New Zealand
by Ross Jones
March 1993
26 An Economic Analysis of Genetic Improvement Within a Commercial Livestock Population
by Max Stevenson
March 1993
25

Racism, Ethnicity and Immigration in Canada and Australia
by Jock Collins & F. Henry
March 1993

Published as: Collins, J. and Henry, F. 1994 "Racism, Ethnicity and Immigration", in H. Adelman, A. Bronowski, M. Burstein and L. Foster (eds), Immigration and Refugee Policy: Australia and Canada Compared, (2 vols). Melbourne University Press, Melbourne, Australia.

24 In Shared Information Services is Size Important?
by Pat Wilson & Wayne Dwyer
February 1993
23 Shared Information - Comparing Multilist and Franchise Operations
by Pat Wilson
February 1993

1992

22 Bank Interest Rate Margins
by Tom Valentine
November 1992
21 Lessons From Australia's Lending Experience in the Eighties
by Tom Valentine
November 1992
20 Share Prices: A Comparison of Fundamental Models
by Daniel Daugaard & Tom Valentine
October 1992
19 Curved Option Payoffs
by Garry de Jager & Joseph Winsen
July 1992
18 Performance Differences Within the Market for Housing
by Pat Wilson
June 1992
17 Asset Allocation and Diversification by Real Estate Sector Within a Portfolio: Two Australian Case Studies
by Mike Wallace
June 1992
16

Australian Tax Changes and Dividend Reinvestment Announcement Effects: A Pre- and Post-Imputation Study
by Keith Chan, D McColough & Michael Skully
April 1992

Published as: Chan, K. K.W.,McColough, D. M. and Skully, M. T. 1993, "Australian Tax Changes and Dividend Reinvestment Announcement Effects: A Pre- and Post-Imputation Study", Australian Journal of Management, 18(1), 41-62.

14

Developments in Nonlinear Economic Dynamics: Past, Present and Future
by Carl Chiarella
January 1992

Published as: Chiarella, C. 1992, "Developments in Nonlinear Economic Dynamics: Past, Present and Future", In H. Hanusch (ed.), Die Zukunft der Okonomischen Wissenschaft. Düsseldorf: Verlag Wirtschaft und Finanzen.

13

The Dynamics of Speculative Behaviour
by Carl Chiarella
January 1992

Published as: Chiarella, C. 1992, "The Dynamics of Speculative Behaviour", Annals of Operations Research, 37(1), pp. 101-123.

12

Immigrant Families in Australia
by Jock Collins
January 1992

Published as: Collins, J., 1993, "Immigrant Families in Australia", Journal of Comparative Family Studies, 24(3), 291-313.

1991

15 The Strategic Importance of the Rural Sector
by Carolyn Currie
December 1991
11

The Birth of Limit Cycles in Cournot Oligopoly Models with Time Delays
by Carl Chiarella
September 1991

Published as: Chiarella, C. 1991, "The Birth of Limit Cycles in Cournot Oligopoly Models with Time Delays", Pure Mathematics and Applications, 2(2-3), 81-92.

10 A Forecasting Model of Option Pricing Volatility
by Ben Hunt
September 1991
9 The Need for Reform of the Australian Financial Regulatory System
by Carolyn Currie
September 1991
8

Exploiting Volatility Movements in the Sydney Futures Exchange's Bank Bill Contract
by Ben Hunt & Ram Bhar
September 1991

Published as: Hunt, B. F. and Bhar, R., 1993, "Exploiting Volatility Movements in the Sydney Futures Exchange's Bank Bill Contract", International Review of Economics and Finance, 2(4), 403-415.

7

Multiculturalism in Australia: The Challenges Ahead
by Jock Collins
September 1991

6

Monetary and Fiscal Policy Under Nonlinear Exchange Rate Dynamics
by Carl Chiarella
June 1991

Published as: Chiarella, C. 1992, "Monetary and Fiscal Policy Under Non-linear Exchange Rate Dynamics", in G. Feichtinger (ed), Dynamic Economic Models and Optimal Control, Elsevier, 527-546.

5

The Performance of a Stock Index Futures Based Portfolio Insurance Scheme: Australian Evidence
by Simon Loria, Toan Pham & Ah Boon Sim
June 1991

Published as: Loria, S., Pham, T. M. and Sim, A. B. 1991, "The Performance of a Stock Index Futures Based Portfolio Insurance Scheme: Australian Evidence", Review of Futures Markets, 10(3), 438-457.

4

The Interaction of the Financing and Investment Decisions: Preliminary Results in the Australian Context
by Carl Chiarella, Toan Pham, Ah Boon Sim & Madeleine Tan
June 1991

Published as: Chiarella, C., Pham, T. M., Sim, A. B. and Tan, M. M. L. 1992, "The Interaction of the Financing and Investment Decisions: Preliminary Results in the Australian Context", Asia Pacific Journal of Management, 9(2), 209-229.

3

Determinants of Corporate Capital Structure: Australian Evidence
by Carl Chiarella, Toan Pham,& Ah Boon Sim & Madeleine Tan
June 1991

Published as: Chiarella, C., Pham, T., Sim, A. B. and Tan, M. 1992, "Determinants of Corporate Capital Structure: Australian Evidence", in G.S. Rhee and R. P. Chan, Pacific Basin Capital Markets Research, Vol. III, North Holland, Amsterdam, 139-158.

2 A Note on Parameters in Binomial Option Pricing
by Garry de Jager
May 1991
1

Costly Information, Informed Investors and the Use of Sophisticated Capital Budgeting Techniques
by Mark Freeman & Garry Hobbes
May 1991

Published as: Freeman, M. and Hobbes, G. 1991, "Costly Information, Informed Investors and the Use of Sophisticated Capital Budgeting Techniques", Proceedings of AAANZ 1991 Conference, Brisbane, Australia, 68-74.