Mark S. Zschocke

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Rail shipments of hazardous materials expose the population near the routes to the possibility of an accident resulting in a spill. Rail routes are determined by economic concerns such as route length and the revenue generated for the originating carrier. In this paper we consider an alternate routing strategy that takes accident risks into account. We(More)
This paper provides an empirical investigation of transmission channels of central bank foreign exchange intervention. The main part of our investigation focuses on daily interventions in the JPY/USD market during the 1999 to 2004 Japanese zero-interest rate period. Our research strategy is to formulate empirically testable hypotheses that follow from(More)
This paper presents the methodology of the development and the results of a simulation model used to capture the complexities of sulphur distribution system run by Sultran Ltd. in Western Canada. Sulphur is a valuable by-product of natural gas which should be continuously transported from the gas plants to avoid plant shutdowns. The sulphur is routed via(More)
We investigate whether foreign exchange intervention volume matters for the exchange rate effects of intervention. Our investigation employs daily data on Japanese interventions from April 1991 to April 2012 and time-series estimations, non-temporal threshold analysis, as well as binary choice models. We find that intervention volume matters for the effects(More)
The Japanese zero-interest rate period provides a " natural experiment " for investigating the effectiveness and transmission channels of sterilized intervention when traditional monetary policy options are constrained. This paper takes advantage of the fact that all interventions in the JPY/USD market during the zero-interest rate period are sterilized(More)
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