1. Foreword

   EditorialNotes Pages: iv - iv

2. Detecting and modelling nonlinearity in flexible exchange rate time series

   • Carl Chiarella
   • Maurice Peat
   • Max Stevenson

   Articles Pages: 159 - 186

3. The substitution effects of short-term debt for long-term debt on the expected returns of common stocks

   • Yong Shik Choe

   Articles Pages: 187 - 203

4. Brokerage commissions and margin requirements: With special reference to Japan

   • Kevin J Hebner
   • Youngseog Park

   Articles Pages: 205 - 223

5. Capital flows and stock price volatility: Evidence from Hong Kong

   • Bill W S Hung
   • Christopher S P Tong

   Articles Pages: 225 - 235

6. The intra-day impact of block trades on the Australian stock exchange

   • Michael Aitken
   • Alex Frino
   • Stuart Sayers

   Articles Pages: 237 - 253

7. Scale and scope economies of Australian permanent building societies in a dynamic framework

   • Neil Esho
   • Ian G Sharpe

   Articles Pages: 255 - 273

8. Evidence of imputation clienteles in the Australian equity market

   • David E Bellamy

   Articles Pages: 275 - 287

9. Cross-return predictability in Pacific Basin stock markets

   • W S Chan
   • Y K Tse

   Articles Pages: 289 - 303

10. Stock market surveillance and market performance: The case of Taiwan

    • Tai Ma
    • H J Chen

    Articles Pages: 305 - 325

11. Can antitakeover activity really create wealth? Evidence from Australia

    • Scott Armstrong
    • Helen Lange
    • Li-Anne Woo

    Articles Pages: 327 - 343

12. Do Asian stock market prices follow martingales? Evidence from spectral shape tests

    • Fong Wai Mun
    • Koh Seng Kee

    Articles Pages: 345 - 359