This book offers an introduction to wavelet theory and provides the essence of wavelet analysis - including Fourier analysis and spectral analysis; the maximum overlap discrete wavelet transform; wavelet variance, covariance, and correlation - in a unified and friendly manner. It aims to bridge the gap between theory and practice by presenting substantial applications of wavelets in economics and finance.This book is the first to provide a comprehensive application of wavelet analysis to financial markets, covering new frontier issues in empirical finance and economics. The first chapter of this unique text starts with a description of the key features and applications of wavelets. After an overview of wavelet analysis, successive chapters rigorously examine the various economic and financial topics and issues that stimulate academic and professional research, including equity, interest swaps, hedges and futures, foreign exchanges, financial asset pricing, and mutual fund markets.This detail-oriented text is descriptive and designed purely for academic researchers and financial practitioners. It assumes no prior knowledge of econometrics and covers important topics such as portfolio asset allocation, asset pricing, hedging strategies, new risk measures, and mutual fund performance. Its accessible presentation is also suitable for post-graduates in a variety of disciplines - applied economics, financial engineering, international finance, financial econometrics, and fund management. To facilitate the subject of wavelets, sophisticated proofs and mathematics are avoided as much as possible when applying the wavelet multiscaling method. To enhance the reader's understanding in practical applications of the wavelet multiscaling method, this book provides sample programming instruction backed by Matlab wavelet code.

This volume discusses Korea's role as a middle power in the midst of the 21st century global power shift. Focusing on Korea's middle power diplomacy from the perspective of coalition building, the book discusses structural factors that shape middle power strategy and diplomacy. Written by leading Korean researchers, the chapters use diverse methodologies to offer a range of perspectives on Korea's place in the developing global order. Topics discussed include South Korea's approach to technology policy in the midst of US-China cyber competition, the East Asian 'Thucydides Trap', MITKA and middle power diplomacy, Korea's role in the South China Sea dispute, and South Korean cyber security. Providing a unique treatment of middle power opportunities and motivations in the East Asia region, this volume will be of interest to students and scholars of international relations, Asian politics, diplomacy, security studies, and global governance.

This volume discusses Korea’s role as a middle power in the midst of the 21st century global power shift. Focusing on Korea’s middle power diplomacy from the perspective of coalition building, the book discusses structural factors that shape middle power strategy and diplomacy. Written by leading Korean researchers, the chapters use diverse methodologies to offer a range of perspectives on Korea’s place in the developing global order. Topics discussed include South Korea’s approach to technology policy in the midst of US-China cyber competition, the East Asian ‘Thucydides Trap’, MITKA and middle power diplomacy, Korea’s role in the South China Sea dispute, and South Korean cyber security. Providing a unique treatment of middle power opportunities and motivations in the East Asia region, this volume will be of interest to students and scholars of international relations, Asian politics, diplomacy, security studies, and global governance.