Heteroscedasticity biases tests for contagion based on correlation coefficients. When contagion is defined as a significant increase in market co-movement after a shock to one country, previous work suggests contagion occurred during recent crises. This paper shows that correlation coefficients

The processes by which communities come together, attract new members, and develop over time is a central research issue in the social sciences — political movements, professional organizations, and religious denominations all provide fundamental examples of such communities. In the digital domain

. They conclude that swap market-specific supply/demand shocks drive the unexplained changes in swap rates. Existing literature on credit spread changes is limited. 3 Pedrosa and Roll (1998) document considerable co-movement of credit spread changes among index portfolios of bonds from various industry, quality

Human motion analysis is receiving increasing at-tention from computer vision researchers. This inter-est is motivated by a wide spectrum of applications, such as athletic performance analysis, surveillance, man-machine interfaces, content-based image storage and retrieval, and video conferencing

The coming years will witness dramatic advances in wireless communications as well as positioning technologies. As a result, tracking the changing positions of objects capable of continuous movement is becoming increasingly feasible and necessary. The present paper proposes a novel, R # -tree

, an increasing number of efforts are reported toward multimodal fusion for human affect analysis, including audiovisual fusion, linguistic and paralinguistic fusion, and multicue visual fusion based on facial expressions, head movements, and body gestures. This paper introduces and surveys these recent advances

This paper describes a probabilistic decomposition of human dynamics at multiple abstractions, and shows how to propagate hypotheses across space, time, and abstraction levels. Recognition in this framework is the succession of very general low level grouping mechanisms to increased specific

light. Motor evoked potentials (MEPs) were recorded from hand muscles. 2. We found that MEPs significantly increased during the conditions in which subjects observed movements. The MEP pattern reflected the pattern of muscle activity recorded when the subjects executed the observed actions. 3. We

Bernanke and Mark Gertler, 1999). The context of our earlier study was the relatively new, but increasingly popular, monetary policy framework known as inflation targeting (see, e.g., Bernanke and Frederic Mishkin, 1997). In an inflation-targeting framework, publicly announced mediumterm inflation targets

Recent attention to speculative execution as a mechanism for increasing performance of single instruction streams has demanded substantially better branch prediction than what has been previously available. We [1, 2] and Pan, So, and Rahmeh [4] have both proposed variations of the same aggressive