The Relationship Between Stock Markets Of Major Developed Countries And Asian Emerging Markets

With the emergence of new capital markets and liberalization of stock markets in recent years, there has been an increase in investors' interest in international diversification. This is so because international diversification allows investors to have a larger basket of foreign securities to choose from as part of their portfolio assets, so as to enhance the reward-to-volatility ratio. This benefit would be limited if national equity markets tend to move together in the long run. This paper thus studies the issue of co-movement between stock markets in major developed countries and those in Asian emerging markets using the concept of cointegration. We find that there is co-movement between some of the developed and emerging markets, but some emerging markets do differ from the developed markets with which they share a long-run equilibrium relationship. Furthermore, it has been observed that there has been increasing interdependence between most of the developed and emerging markets since the 1987 Stock Market Crash. This interdependence intensified after the 1997 Asian Financial Crisis. With this phenomenon of increasing co-movement between developed and emerging stock markets, the benefits of international diversification become limited.     

Erratum to: Determination of metal ion content of beverages and estimation of target hazard quotients: a comparative study

This is a correction to the following paper: Hague T, Petroczi A, Andrews PR, Barker J, Naughton DP: Determination of metal ion content of beverages and estimation of target hazard quotients: a comparative study. Chem Central J 2008, 2:13.     

Evidence of enhanced conjugation in ortho-arylene ethynylenes with transition metal coordination

The effective conjugation of ortho and ortho-alt-para-arylene ethynylenes, with appropriately positioned pyridine and pyrazine heterocycles, increases upon binding to Ag(I) and Pd(II) cations. Significant bathochromic shifts in the electronic spectra, witnessed upon introduction of these metal bridges, are consistent with enhanced electron delocalization in the unsaturated backbone. Control studies suggest that this electronic behavior is attributable exclusively (in the case of Ag(I)) or partially (in the case of Pd(II)) to conformational restrictions of the conjugated backbones.     

Phase formation, crystal chemistry, and properties in the system Bi2O3-Fe2O3-Nb2O5

Subsolidus phase relations have been determined for the Bi₂O₃-Fe₂O₃-Nb₂O₅ system in air (900-1075 °C). Three new ternary phases were observed—Bi₃Fe_0.5Nb_1.5O₉ with an Aurivillius-type structure, and two phases with approximate stoichiometries Bi₁₇Fe₂Nb₃₁O₁₀₆ and Bi₁₇Fe₃Nb₃₀O₁₀₅ that appear to be structurally related to Bi₈Nb₁₈O₅₇. The fourth ternary phase found in this system is pyrochlore (A₂B₂O₆O′), which forms an extensive solid solution region at Bi-deficient stoichiometries (relative to Bi₂FeNbO₇) suggesting that ≈4-15% of the A-sites are occupied by Fe³⁺. X-ray powder diffraction data confirmed that all Bi-Fe-Nb-O pyrochlores form with positional displacements, as found for analogous pyrochlores with Zn, Mn, or Co instead of Fe. A structural refinement of the pyrochlore 0.4400:0.2700:0.2900 Bi₂O₃:Fe₂O₃:Nb₂O₅ using neutron powder diffraction data is reported with the A cations displaced (0.43 Å) to 96g sites and O′ displaced (0.29 Å) to 32e sites (Bi_1.721Fe_0.190(Fe_0.866Nb_1.134)O₇, Fd3¯m (#227), ). This displacive model is somewhat different from that reported for Bi_1.5Zn_0.92Nb_1.5O_6.92, which exhibits twice the concentration of small B-type cations on the A-sites as the Fe system. Bi-Fe-Nb-O pyrochlores exhibited overall paramagnetic behavior with large negative Curie-Weiss temperature intercepts, slight superparamagnetic effects, and depressed observed moments compared to high-spin, spin-only values. The single-phase pyrochlore with composition Bi_1.657Fe_1.092Nb_1.150O₇ exhibited low-temperature dielectric relaxation similar to that observed for Bi_1.5Zn_0.92Nb_1.5O_6.92; at 1 MHz and 200 K the relative permittivity was 125, and above 350 K conductive effects were observed.     

Variation of molecular alignment as a means of resolving orientational ambiguities in protein structures from dipolar couplings

Residual dipolar couplings for pairs of proximate magnetic nuclei in macromolecules can easily be measured using high-resolution NMR methods when the molecules are dissolved in dilute liquid crystalline media. The resulting couplings can in principle be used to constrain the relative orientation of molecular fragments in macromolecular systems to build a complete structure. However, determination of relative fragment orientations based on a single set of residual dipolar couplings is inherently hindered by the multi-valued nature of the angular dependence of the dipolar interaction. Even with unlimited dipolar data, this gives rise to a fourfold degeneracy in fragment orientations. In this Communication, we demonstrate a procedure based on an order tensor analysis that completely removes this degeneracy by combining residual dipolar coupling measurements from two alignment media. Application is demonstrated on (15)N-(1)H residual dipolar coupling data acquired on the protein zinc rubredoxin from Clostridium pasteurianum dissolved in two different bicelle media.