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Dissertations / Theses on the topic 'Summarizing the empirical model'

Author: Grafiati

Published: 28 May 2022

Last updated: 30 July 2025

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1

Четвериков, С. Ф., та В. Ф. Осинин. "Исследование распределения среднего числа выбросов огибающей атмосферного ОНЧ-радиошума". Thesis, Сумский государственный университет, 2014. http://essuir.sumdu.edu.ua/handle/123456789/39377.

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Одной из важных статистических характеристик атмосферного ОНЧ – радиошума является амплитудное распределение N(V > V0) среднего числа выбросов превышений некоторого порогового значения V0 огибающей V в секунду.

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2

Schwann, Gregory Michael. "Housing demand : an empirical intertemporal model." Thesis, University of British Columbia, 1987. http://hdl.handle.net/2429/27526.

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I develop an empirical model of housing demand which is based as closely as possible on a theoretical intertemporal model of consumer demand. In the empirical model, intertemporal behavior by households is incorporated in two ways. First, a household's expected length of occupancy in a dwelling is a parameter in the model; thus, households are able to choose when to move. Second, a household's decision to move and its choice of dwelling are based on the same intertemporal utility function. The parameters of the utility function are estimated using a switching regresion model in which the deci

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3

Matthews, Andrew. "An empirical model of Sahel climate." Thesis, University of East Anglia, 2006. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.427090.

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4

Wang, Junyan. "Empirical Bayes Model Averaging in the Presence of Model Misfit." The Ohio State University, 2016. http://rave.ohiolink.edu/etdc/view?acc_num=osu1469437723.

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5

Mariotto, Angela Bacellar. "Empirical Bayes inference and the linear model." Thesis, Imperial College London, 1989. http://hdl.handle.net/10044/1/47557.

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6

Ando, Juraj. "Heckscher-Ohlin Model - Theory and Empirical Performance." Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-9135.

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The thesis is concerned with one of the building blocks of the classical theory of international trade, known as the Heckscher-Ohlin (H-O) model. It consists of two parts -- in the first one, the model is briefly introduced and related theorems - theoretical extensions of the model - are presented. This introduction is then followed by a discussion on the empirical performance of the model. In the second part, the factor price equalization theorem, closely related to the original H-O model, is both theoretically and empirically analysed.

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7

Campbell, Alyce. "An empirical study of a financial signalling model." Thesis, University of British Columbia, 1987. http://hdl.handle.net/2429/26969.

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Brennan and Kraus (1982,1986) developed a costless signalling model which can explain why managers issue hybrid securities—convertibles(CB's) or bond-warrant packages(BW's). The model predicts that when the true standard deviation (σ) of the distribution of future firm value is unknown to the market, the firm's managers will issue a hybrid with specific characteristics such that the security's full information value is at a minimum at the firm's true σ. In this fully revealing equilibrium market price is equal to this minimum value. In this study, first the mathematical properties of the hypo

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8

Gazerani, Alireza. "Empirical estimation of affine Gaussian term structure model." Thesis, University of Ottawa (Canada), 2008. http://hdl.handle.net/10393/27981.

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9

Karabona, Patrick, and Alina Koutun. "An Empirical Study of the Solow Growth Model." Thesis, Mälardalens högskola, Akademin för ekonomi, samhälle och teknik, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:mdh:diva-20002.

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10

Verì, Daniele. "Empirical Model Learning for Constrained Black Box Optimization." Master's thesis, Alma Mater Studiorum - Università di Bologna, 2022. http://amslaurea.unibo.it/25704/.

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Black box optimization is a field of the global optimization which consists in a family of methods intended to minimize or maximize an objective function that doesn’t allow the exploitation of gradients, linearity or convexity information. Beside that the objective is often a problem that requires a significant amount of time/resources to query a point and thus the goal is to go as close as possible to the optimum with the less number of iterations possible. The Emprical Model Learning is a methodology for merging Machine Learning and optimization techniques like Constraint Programming

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11

Di, Serio Mario. "Empirical applications of the interacted panel VAR model." Doctoral thesis, Universita degli studi di Salerno, 2018. http://hdl.handle.net/10556/3090.

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2016 - 2017<br>The Vector Autoregressive (VAR) Models can be considered as a dynamic multivariate extension of the univariate autoregressive models. This family of models has become very popular in macroeconomics analysis after the work of Sims(1980) and they are widely used in time series literature thanks to their flexibility. As a matter of fact, by setting appropriately a VAR model, we can describe efficiently the dynamics of the economy and provide quite accurate forecasts. During recent years, researchers developed different VAR models with the purpose to represent better the dat

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12

Monks, Thomas. "Comparing model reuse with model building : an empirical study of learning from simulation." Thesis, University of Warwick, 2011. http://wrap.warwick.ac.uk/55525/.

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What are the benefits of involving decision makers in simulation model development? Do decision makers learn more about their problem if they are involved in model development than if they had been excluded? This thesis presents an experiment which compares decision maker learning outcomes and process in two different types of discrete-event simulation (DES) study. The first is a traditional simulation project where decision makers take the role of domain experts and are involved in the building of a simulation model through to its use. The second is where a model is reused rather than built.

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13

Wu, Chi-Yin (Jenny). "Essays in empirical industrial organization." Diss., Kansas State University, 2012. http://hdl.handle.net/2097/13678.

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Doctor of Philosophy<br>Department of Economics<br>Philip G. Gayle<br>This dissertation is composed of two essays in the field of Industrial Organization. Specifically, the empirical studies are conducted by focusing on the market structure and competition issues in the airline industry. The first essay investigates entry deterrence through incumbents’ pricing strategies in the airline industry. Recent research finds evidence that incumbent airlines tend to cut fares in response to the “threat” of entry by Southwest Airlines. Instead of focusing on the entry threat by a single carrier, thi

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14

Parboteeah, Dhanila Veena. "A model of online impulse buying an empirical study /." Online access for everyone, 2005. http://www.dissertations.wsu.edu/Dissertations/Summer2005/d%5Fparboteeah%5F072805.pdf.

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15

Ham, Roger, University of Western Sydney, and School of Economics and Finance. "The urban residential economic model : theoretical and empirical developments." THESIS_XXX_EFI_HAM_R.xml, 1999. http://handle.uws.edu.au:8081/1959.7/447.

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The aim of thesis is to analyse the economic model of urban residential location through the application of duality methods. Whilst some dual methods have been used in urban economic modelling in the past this paper proposes alternative dual approaches which appear to be novel, but are complimentary to existing approaches to the urban model. As part of the application of dual techniques the paper proposes a method of application which is general enough to be applied to all Von Thunen type models and tests this proposition on the fundamental agrarian model of Von Thunen. As part of the dual ana

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16

Gittens, Mechelle. "Extending the constructive cost model through empirical defect modeling." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 1997. http://www.collectionscanada.ca/obj/s4/f2/dsk3/ftp05/mq21107.pdf.

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17

Ham, R. "The urban residential economic model : theoretical and empirical developments /." View thesis, 1999. http://library.uws.edu.au/adt-NUWS/public/adt-NUWS20030807.092212/index.html.

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18

Hutchinson, John Edward. "An empirical assessment of model driven development in industry." Thesis, Lancaster University, 2011. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.658016.

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Model driven development (MDD) is one of a number of proposals for software development that promises a number of important benefits. As with any "new" approach, it would be expected that there would be proponents of the approach and those who are opposed to it. MDD has been surprisingly contentious, though, perhaps because it challenges the code-centric model of software development (which therefore challenges the natural approach of those who develop software). But it remains the case that stories abound about significant successes resulting from using MDD in industry, and at the same time,

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19

Pazzaglia, Marco. "Hardware Dimensioning for Transprecision Algorithms through Empirical Model Learning." Master's thesis, Alma Mater Studiorum - Università di Bologna, 2022. http://amslaurea.unibo.it/25769/.

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Questa tesi ha come obiettivo quello di selezionare la miglior architettura hardware per l'esecuzione di determinati algoritmi eseguiti a precisione ridotta. E' stato utilizzando un modello di ottimizzazione che a partire da algoritmi di intelligenza artificiale e vari vincoli, sia in grado di selezionare il miglior hardware su cui eseguire questi benchmark. Sono state considerate 3 architetture: un PC laptop, una virtual machine fornita da Azure e un sistema HPC di cineca. Questa tesi si concentra su un caso di studio di transprecision computing e vengono considerati in particolare 5 algor

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20

Ogbonna, Emmanuel. "A multi-parameter empirical model for mesophilic anaerobic digestion." Thesis, University of Hertfordshire, 2017. http://hdl.handle.net/2299/17467.

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Anaerobic digestion, which is the process by which bacteria breakdown organic matter to produce biogas (renewable energy source) and digestate (biofertiliser) in the absence of oxygen, proves to be the ideal concept not only for sustainable energy provision but also for effective organic waste management. However, the production amount of biogas to keep up with the global demand is limited by the underperformance in the system implementing the AD process. This underperformance is due to the difficulty in obtaining and maintaining the optimal operating parameters/states for anaerobic bacteria t

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21

Saunders, Arrun. "An empirical model of long-term thermospheric density change." Thesis, University of Southampton, 2012. https://eprints.soton.ac.uk/348934/.

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Predicting the positions of satellites in Low Earth Orbit (LEO) requires a comprehensive understanding of the dynamic nature of the atmosphere. For objects in LEO the most significant orbit perturbation is atmospheric drag, which is a function of the local atmospheric density from a layer in the atmosphere called the thermosphere. For long-term predictions of satellite orbits and ephemerides, any density trend in the thermosphere is a necessary consideration, not only for satellite operators, but also for studies of the future LEO environment in terms of space debris. Numerous studies of long-

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22

Mitchell, Donna J. "A Model of Information Therapy: Definition and Empirical Application." Thesis, University of North Texas, 1999. https://digital.library.unt.edu/ark:/67531/metadc277931/.

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This study involves the investigation of the basis and validity of considering health information as therapeutic, the definition of Information Therapy, and whether the therapeutic nature of information can be measured empirically. The purpose of the study is to determine if there are any significant differences in the therapeutic effect of Information Therapy through the different delivery modes of support groups communicating face-to-face and those utilizing computer-mediated communication on the Internet. The comparison of these groups revealed no significant differences on three measures o

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23

Matje, Thorsten. "Empirical Analyses of a Spatial Model of Voter Preferences." Diss., Virginia Tech, 2016. http://hdl.handle.net/10919/73579.

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To properly analyze the advantages and disadvantages of voting rules, and how well the outcomes that they yield reflect voters' preferences, one needs very large data sets, since paradoxes that occur very rarely may have large impacts. Since such amounts of election data are currently unavailable, it is important to be able to use random procedures to generate data that have the same statistical characteristics as real election data. It is the purpose of this work to identify a statistical characterization of voting data, to empower researchers to use random procedures to generate data that is

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24

Knoll, Joanna G. "Highway Finance in the United States: An Empirical Model." Thesis, Virginia Tech, 2004. http://hdl.handle.net/10919/9734.

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This thesis seeks to construct an empirical model of highway finance in the United States, and in particular, to examine the relationship between highway-user revenues and highway spending. It provides a general overview of the current highway system, including the federal-aid highway program, and the flow of highway funds between different levels of government. It also examines issues relating to highway-user revenues. A review of the literature failed to provide any "standard" model of highway spending and no previous studies of spending across all levels of government. Using data from the 5

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25

Rummell, Christina M. "Testing an Empirical Model of Workplace Sexual Identity Management." University of Akron / OhioLINK, 2013. http://rave.ohiolink.edu/etdc/view?acc_num=akron1384802585.

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26

Lopez, Sabater Carlos Joaquin. "An empirical model of hydraulic roughness for overland flow." Diss., The University of Arizona, 2001. http://hdl.handle.net/10150/280353.

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This research has developed a method for estimating hydraulic roughness coefficients for overland flow models in a dynamic approach, to more effectively simulate runoff on natural, agricultural and urban slopes. The hydraulic roughness coefficients are then generated with a series of neural networks. First, a laboratory experiment was designed to explore the effects of soil microtopography, slope and Reynolds number on the magnitude of Darcy-Weisbach, Manning and Chezy roughness coefficients. It was found that three parameters were necessary to describe the soil surface microtopography. Neural

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27

Rajakumar, Nolan. "Why Empirical Studies of the Groupthink Model have Failed." Scholarship @ Claremont, 2019. https://scholarship.claremont.edu/cmc_theses/2080.

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The theory of groupthink has been highly beneficial in the study of how groups make decisions. It has permeated almost every field containing decision making groups. Despite its popularity, there has been a surprising lack of empirical support for the model. It is the aim of this paper to suggest a possible explanation for the current state of groupthink research. First the groupthink model is described briefly, followed by a look at several selected empirical and case studies of groupthink. A potential reason for the dearth of empirical is then proposed along with a suggestion for future grou

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28

Li, Ya. "An empirical analysis of factor seasonalities." HKBU Institutional Repository, 2017. https://repository.hkbu.edu.hk/etd_oa/421.

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I establish the existence of seasonality in 42 popular risk factors in the asset pricing literature. I document extensive empirical evidence for the Keloharju et al. (2016) hypothesis that seasonalities in individual asset returns stem from their exposures to risk factors. It is the seasonal patterns in risk factors that lead to the seasonalities in individual asset portfolios. The empirical findings show that seasonalities are widely present among individual asset portfolios. However, both the all-factor model and the Fama-French (2014) five-factor model demonstrate that these patterns greatl

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29

Davies, Philip R. "Empirical tests of asset pricing models." Columbus, Ohio : Ohio State University, 2007. http://rave.ohiolink.edu/etdc/view?acc%5Fnum=osu1184592627.

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30

Courey, Karim Joseph. "An Investigation of the Electrical Short Circuit Characteristics of Tin Whiskers." Scholarly Repository, 2008. http://scholarlyrepository.miami.edu/oa_dissertations/38.

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Existing risk simulations make the assumption that when a free tin whisker has bridged two adjacent exposed electrical conductors, the result is an electrical short circuit. This conservative assumption is made because shorting is a random event that has a currently unknown probability associated with it. Due to contact resistance electrical shorts may not occur at lower voltage levels. In these experiments, the effect of varying voltage on the breakdown of the contact resistance which leads to a short circuit was studied. From this data, the probability of an electrical short was estimated

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31

Lin, Hui-Ling. "Jackknife Empirical Likelihood for the Variance in the Linear Regression Model." Digital Archive @ GSU, 2013. http://digitalarchive.gsu.edu/math_theses/129.

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The variance is the measure of spread from the center. Therefore, how to accurately estimate variance has always been an important topic in recent years. In this paper, we consider a linear regression model which is the most popular model in practice. We use jackknife empirical likelihood method to obtain the interval estimate of variance in the regression model. The proposed jackknife empirical likelihood ratio converges to the standard chi-squared distribution. The simulation study is carried out to compare the jackknife empirical likelihood method and standard method in terms of coverage pr

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32

Hagerlind, Simon. "Empirical evaluation of a stochastic model for order book dynamics." Thesis, Uppsala universitet, Matematiska institutionen, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-181603.

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Abstract A stochastic model for orderbook dynamics is proposed in Cont et al.(2010) and empirically evaluated in thisthesis. Arrival rates of limit, marketand cancellation orders are described interms of a Markov chain where thearrival rates are exponentiallydistributed. The model not onlyconsiders the best bid and ask queuesbut also additional price levels of theorder book. Methods for computingseveral quantities important to highfrequency trading are proposed usingLaplace transforms and continuedfractions. These quantities includeconditional probabilities such as theprobability of a price in

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33

Papatheodorou, George E. "Supply-oriented macroeconomics and the Greek economy : an empirical model." Thesis, University of British Columbia, 1989. http://hdl.handle.net/2429/29258.

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Post-war Greek economic history is interesting and challenging to understand and model. Despite a promising start in the race to catch up with industrial economies, it has been losing ground in recent years. Since 1974 Greece has experienced business cycles and serious stagflation, a productivity slowdown and balance of payments crises. Until then, rapid growth with high investment rates and virtually no cyclical behaviour had been the rule. World economic events, domestic political events and the oil price shocks are expected to have contributed to the change, but to what an extent is a subje

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34

Nguyen, Mai. "Empirical Evaluation of a Universal Requirements Engineering Process Maturity Model." Thesis, Blekinge Tekniska Högskola, Sektionen för datavetenskap och kommunikation, 2010. http://urn.kb.se/resolve?urn=urn:nbn:se:bth-4011.

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Context. Software products are usually developed for either a specific customer (bespoke) or a broader market (market-driven). Due to their characteristics, bespoke and market-driven development face different problems, especially in the requirements engineering areas. Moreover, many of these problems are caused by an inadequate requirements engineering process. Hence, in order to improve the process and subsequently the software quality, the maturity of the RE process must be evaluated. Although there are many process assessment initiatives done in bespoke development, there is a need for mod

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35

Allison, Anne-Marie E. "Analytical investigation of a semi-empirical flow-induced vibration model." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 1998. http://www.collectionscanada.ca/obj/s4/f2/dsk2/tape15/PQDD_0014/NQ31170.pdf.

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36

Liu, Yue. "Empirical tests of the clean surplus valuation model : Canadian evidence." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 2000. http://www.collectionscanada.ca/obj/s4/f2/dsk1/tape3/PQDD_0016/MQ54305.pdf.

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37

Magudilu, Vijayaraj Thejasvi Magudilu. "An empirical power model of a low power mobile platform." Thesis, Georgia Institute of Technology, 2013. http://hdl.handle.net/1853/49054.

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Power is one of the today’s major constraints for both hardware and software design. Thus the need to understand the statistics and distribution of power consumption from a hardware and software perspective is high. Power models satisfy this requirement to a certain extent, by estimating the power consumption for a subset of applications, or by providing a detailed power consumption distribution of a system. Till date, many power models have been proposed for the desktop and mobile platforms. However, most of these models were created based on power measurements performed on the entire system

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38

Shin, Eric Chong Kah. "An empirical model of public sector managerial competency in Singapore." Thesis, Henley Business School, 1997. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.362401.

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39

Roberts, K. "Further studies toward the development of an empirical solvation model." Thesis, Swansea University, 1986. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.638680.

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Solvolytic rate data are obtained (mainly by conductimetric technique) for reactions of 1-adamantyl iodide, trinitrophenolate (picrate), heptafluorobutyrate, trifluoroacetate, and 2-adamantyl trifluoromethanesulphonate (triflate) and perchlorate in binary aqueous mixtures of ethanol, methanol, acetone, trifluoroethanol and hexafluoroisopropanol, and also for the iodide substrate in acetic and formic acids. Additional data for iodine catalyzed solvolyses of 1-adamantyl iodide are reported. Rate data are also obtained for solvolyses of 1-adamantyl halides utilising a micro-cell and for solvolyse

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40

Ford, D. C. "A semi-empirical model of the spectra of dusty galaxies." Thesis, University of Cambridge, 2008. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.599112.

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In this thesis, a semi-empirical model for the infrared emission of dust around star-forming sites in galaxies is developed and then applied to fitting a variety of observations. A simple model of radiative transport in dust clouds is combined with a state-of-the-art model of the microscopic optical properties of interstellar dust grains. In combination with the STARBURST99 stellar spectral synthesis package, this framework is able to produce synthetic spectra for galaxies which extend from the Lyman limit through to the far-infrared. Models of radiative transport in dusty media and of the opt

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41

Myers, Samuel G. "Empirical tests of the metacognitive model of obsessive-compulsive disorder." Thesis, University of Manchester, 2009. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.509861.

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The metacognitive model of OCD (Wells & Matthews, 1994; Wells, 1997, 2000), stresses the role of two types of metacognitive knowledge in the aetiology and maintenance of obsessive-compulsive symptoms: 1) beliefs concerning the meaning and power of thoughts and 2) beliefs about rituals. The first set of beliefs has been termed fusion beliefs and lead intrusions to be appraised as dangerous or important. The second domain, beliefs about rituals, guides the coping responses to these negative appraisals. It has two components: 1) declarative beliefs about the need to carry out rituals (e.g., "I ne

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42

Filho, José de Agiuar Moraes [Verfasser]. "Summarizing XML documents : contributions, empirical studies, and challenges / by José de Aguiar Moraes Filho." 2009. http://d-nb.info/1001484665/34.

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43

潘永政. "A Study of the Effects of Reading and Summarizing Model Essays on EFL Writing." Thesis, 2004. http://ndltd.ncl.edu.tw/handle/bqc25r.

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碩士<br>國立清華大學<br>外國語文學系<br>92<br>The use of model essays has long been a controversial yet popular technique in both L1 and ESL/EFL writing pedagogy. Researchers in the field so far have recommended that more investigations be made into the effects of model essays on writing, focusing particularly on the following issues: when and how to use models, different types of models, the appropriate number of models, and models for learners with different proficiency levels. In Taiwan as an EFL context, model essays appear to be widely used by writing instructors to facilitate the development of stud

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44

TING, SHIH YI, and 施一亭. "Empirical Studies of STOPBREAK Model." Thesis, 2001. http://ndltd.ncl.edu.tw/handle/3gcjmh.

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碩士<br>國立暨南國際大學<br>經濟學系<br>90<br>Recently , we have found that many financial data or macroeconomic data are not pure stationary pattern or nonstationary pattern . They are mixed pattern . We could find some structure breaks among time series data , and find some stationary time series among them (structure breaks) .Traditional econometric models are easy to find “ How many “ or “ When ” structure breaks occurred among time series data from the past . But they are not good at forecasting . However , there are strongly growing demands from financial industry for some econometric models which cou

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45

Mau, Cha-Nan, and 毛迦南. "Empirical Analysis of SABR Model and SABR-LMM Model." Thesis, 2010. http://ndltd.ncl.edu.tw/handle/44892710105323772620.

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46

Chen, Ching-Rung, and 陳清榮. "Selection of Distribution Intermediaries：An Empirical Model." Thesis, 2000. http://ndltd.ncl.edu.tw/handle/55560535166230413916.

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碩士<br>國立暨南國際大學<br>國際企業學系<br>88<br>In recent years, marketing channel management has become a sustainable competitive advantage (a competitive edge that cannot be quickly or easily copied by competitors) for firms. As it has become more difficult for companies to attain such an advantage through product, price, and promotion strategy, the relative neglect of marketing channels has been changing dramatically. The fourth so-called “P” in the marketing mix, place, or marketing channel (strategy), does offer greater potential for gaining a competitive advantage than the others because it is more di

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47

Hsiao, Yi-Long, and 蕭義龍. "Stock Probability Model and Empirical Analysis." Thesis, 2004. http://ndltd.ncl.edu.tw/handle/81492446336950335425.

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48

Mitchell, Jeffrey Lorne. "An empirical model of exceptional teaching." Thesis, 1995. http://hdl.handle.net/2429/8866.

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Ideas from philosophy, developmental psychology, cognitive psychology, and teacher education are molded into a description of exceptional teaching. Especially important for establishing a model of exceptional teaching is Habermas's (1970) theory of knowledge-constitutive interests. Specifically, Habermas's three knowledgeconstitutive interests (technical, practical, and emancipatory) are expected to define wisdom in teaching. By adopting technical, practical, and emancipatory knowledge as the basis for a model of exceptional teaching this study will extend some current descriptions of

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49

"Nonlinear model reduction via discrete empirical interpolation." Thesis, 2012. http://hdl.handle.net/1911/70218.

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This thesis proposes a model reduction technique for nonlinear dynamical systems based upon combining Proper Orthogonal Decomposition (POD) and a new method, called the Discrete Empirical Interpolation Method (DEIM). The popular method of Galerkin projection with POD basis reduces dimension in the sense that far fewer variables are present, but the complexity of evaluating the nonlinear term generally remains that of the original problem. DEIM, a discrete variant of the approach from [11], is introduced and shown to effectively overcome this complexity issue. State space error estimates for PO

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Chen, Kai-wen, and 陳凱文. "The Empirical assessment of Portfolio Balance Model." Thesis, 2007. http://ndltd.ncl.edu.tw/handle/vet23w.

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Abstract:

碩士<br>國立中山大學<br>中山學術研究所<br>95<br>Using asset prices to explain the fluctuations of nominal exchange rate is popular for decades. A majority of papers focused on Monetary Model but failed to make a consistent conclusion. In this article, we suggest that the failure of monetary model might be coming from the basic assumption of taking different countries’ assets as “perfect substitutes”. Under such circumstances, we introduce another model named as “Portfolio Balance Model” where assets of different countries are no longer be taken as “perfect substitutes” , implying that UIP( Uncoverd Interest

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