The determinants of government bond yield spreads in
... With the European Monetary Union (EMU), EU policymakers seemed to have achieved their goal of creating a standardized European public debt market. Indeed, euro-area governments have witnessed a considerable narrowing in their borrowing costs following the introduction of the single currency. However ...
... With the European Monetary Union (EMU), EU policymakers seemed to have achieved their goal of creating a standardized European public debt market. Indeed, euro-area governments have witnessed a considerable narrowing in their borrowing costs following the introduction of the single currency. However ...
Short Selling Risk - Rady School of Management
... examine the relation between short sales and both the accrual and net operating asset anomalies. They find that short sellers do try to arbitrage mispricings, but short sale constraints appear to limit their ability to arbitrage them away. Several papers abstract away from specific short sale const ...
... examine the relation between short sales and both the accrual and net operating asset anomalies. They find that short sellers do try to arbitrage mispricings, but short sale constraints appear to limit their ability to arbitrage them away. Several papers abstract away from specific short sale const ...
COSC 2006 Data Structures I
... represent a sequence of elements. An array, through its index, can also provide random access to its elements so locating an element is an O(1) operation. A linked structure consists of elements (nodes) having a data part and a link (reference) to the the next node so locating an element at a given ...
... represent a sequence of elements. An array, through its index, can also provide random access to its elements so locating an element is an O(1) operation. A linked structure consists of elements (nodes) having a data part and a link (reference) to the the next node so locating an element at a given ...
- Free Documents
... The purpose of Chapter is to provide an overview of the major types of financial assets available to investors and discussed in later chapters. It also develops the important alternatives of direct and indirect investing, thereby providing the foundation for Chapter . Obviously, these assets cannot ...
... The purpose of Chapter is to provide an overview of the major types of financial assets available to investors and discussed in later chapters. It also develops the important alternatives of direct and indirect investing, thereby providing the foundation for Chapter . Obviously, these assets cannot ...
Parameter Uncertainty and the Credit Risk of Collateralized Debt
... over the last decade both because they are computationally tractable, and because they can be derived from the structural corporate debt valuation framework of Merton (1974). Today, normal copula models are used in a broad range of risk management applications. Widely used portfolio evaluation tools ...
... over the last decade both because they are computationally tractable, and because they can be derived from the structural corporate debt valuation framework of Merton (1974). Today, normal copula models are used in a broad range of risk management applications. Widely used portfolio evaluation tools ...
COMP9024: Data Structures and Algorithms
... Bottom-up heap construction is faster than n successive insertions and speeds up the first phase of heap-sort. ...
... Bottom-up heap construction is faster than n successive insertions and speeds up the first phase of heap-sort. ...
PPT - UNSW
... Bottom-up heap construction is faster than n successive insertions and speeds up the first phase of heap-sort. ...
... Bottom-up heap construction is faster than n successive insertions and speeds up the first phase of heap-sort. ...
Heaps and Greedy Algorithms
... • Not a stable sort, and one of the most difficult to devise a stable variation to. • n elements, log(n) time for each -> O(n log n). • This algorithm competes with quicksort and mergesort due to the O(n log n) worst-case guarantee and requirement of only constant space. • It’s also an extremely sim ...
... • Not a stable sort, and one of the most difficult to devise a stable variation to. • n elements, log(n) time for each -> O(n log n). • This algorithm competes with quicksort and mergesort due to the O(n log n) worst-case guarantee and requirement of only constant space. • It’s also an extremely sim ...
77 Illustration 1 : Cost of Irredeemable Debtntures : Borrower Ltd
... 7. Avg Premium on Redemption p.a.=(6)÷10 yrs. 8. Interest payable at 10% of Face Value 9. After Tax Interest at 65% (Since Tax=35%) 10. Average Annual Payout = (7+9) 11. K d = ...
... 7. Avg Premium on Redemption p.a.=(6)÷10 yrs. 8. Interest payable at 10% of Face Value 9. After Tax Interest at 65% (Since Tax=35%) 10. Average Annual Payout = (7+9) 11. K d = ...
The Neutral Rate of Interest in Canada
... through adjustments to its policy interest rate. Thus, an estimate of the neutral policy rate is an essential input into the models and analysis that inform the monetary policy decision-making process. The neutral or natural rate of interest does not have a unique definition. Lack of clarity about t ...
... through adjustments to its policy interest rate. Thus, an estimate of the neutral policy rate is an essential input into the models and analysis that inform the monetary policy decision-making process. The neutral or natural rate of interest does not have a unique definition. Lack of clarity about t ...
NBER WORKING PAPER SERIES SUDDEN STOPS, FINANCIAL CRISES AND LEVERAGE:
... perfect international credit market. Negative shocks to TFP and/or the world price of imported inputs induce standard consumption-smoothing and investment-reducing effects. Large shocks could trigger large output collapses driven in part by cuts in imported inputs, but this would still fail to expla ...
... perfect international credit market. Negative shocks to TFP and/or the world price of imported inputs induce standard consumption-smoothing and investment-reducing effects. Large shocks could trigger large output collapses driven in part by cuts in imported inputs, but this would still fail to expla ...
Utility Cost of Capital
... above the risk-free rate on government treasury bills • The Capital Asset Pricing Model (CAPM) estimates the equity risk premium for the overall stock market and asserts that the required equity return of a particular company relative to the market is determined (only) by how that company’s share pr ...
... above the risk-free rate on government treasury bills • The Capital Asset Pricing Model (CAPM) estimates the equity risk premium for the overall stock market and asserts that the required equity return of a particular company relative to the market is determined (only) by how that company’s share pr ...
The Welfare Cost of Business Cycles with
... my model is caused by a novel feature: heterogeneity in trading technologies. Most articles in this literature operate under incomplete market models in which all households can trade only a very limited menu of tradable assets. However, the actual menu of assets that households can trade is quite r ...
... my model is caused by a novel feature: heterogeneity in trading technologies. Most articles in this literature operate under incomplete market models in which all households can trade only a very limited menu of tradable assets. However, the actual menu of assets that households can trade is quite r ...
Scarcity, Risk Premiums and the Pricing of Commodity Futures
... Explaining backwardation, a negatively sloped term structure of forward or futures prices1 , has been a key issue in the finance literature since the early contributions of J. M. Keynes, N. Kaldor, J. Hicks, and others. Apparently, a negatively sloped term structure violates the standard, arbitrage- ...
... Explaining backwardation, a negatively sloped term structure of forward or futures prices1 , has been a key issue in the finance literature since the early contributions of J. M. Keynes, N. Kaldor, J. Hicks, and others. Apparently, a negatively sloped term structure violates the standard, arbitrage- ...
Suffix Trees on Words
... rather than characters. In order to reduce space requirements, these strings are represented by pointers into the original string. Thus, a trie with m leaves occupies Θ(m) space. When choosing a trie implementation, it is important to be aware of which types of queries are expected. One important co ...
... rather than characters. In order to reduce space requirements, these strings are represented by pointers into the original string. Thus, a trie with m leaves occupies Θ(m) space. When choosing a trie implementation, it is important to be aware of which types of queries are expected. One important co ...
Techniques for Concurrent Access to Different Data Structure: A
... Head and Tail pointers. As in Valois’s [5] algorithm, Head always points to a dummy node, which is the first node in the list. Tail points to either the last or second to last node in the list. The algorithm uses compare and swap, with modification counters to avoid the ABA problem. To allow dequeui ...
... Head and Tail pointers. As in Valois’s [5] algorithm, Head always points to a dummy node, which is the first node in the list. Tail points to either the last or second to last node in the list. The algorithm uses compare and swap, with modification counters to avoid the ABA problem. To allow dequeui ...
Tree: A New Overlay with Deterministic Bounds
... either as part of the overlay (e.g., [13]) or as a separate technique (e.g., [4,9]). These solutions are either heuristics, or provide expected bounds under certain assumptions, or amortized bounds but at the expense of increasing the memory size per node. In particular, in BATON [13], a decentraliz ...
... either as part of the overlay (e.g., [13]) or as a separate technique (e.g., [4,9]). These solutions are either heuristics, or provide expected bounds under certain assumptions, or amortized bounds but at the expense of increasing the memory size per node. In particular, in BATON [13], a decentraliz ...
Inflation Breakeven Rate
... calculated using a linear interpolation of the most recent two monthly CPIs. Because of this design, there’s a build in three-month lag on TIIS prices. Consequently, TIIS prices don’t directly reflect the real interest rate movement, therefore, adjustments are needed. The current study derives the n ...
... calculated using a linear interpolation of the most recent two monthly CPIs. Because of this design, there’s a build in three-month lag on TIIS prices. Consequently, TIIS prices don’t directly reflect the real interest rate movement, therefore, adjustments are needed. The current study derives the n ...
Lattice model (finance)
For other meanings, see lattice model (disambiguation)In finance, a lattice model [1] is a technique applied to the valuation of derivatives, where, because of path dependence in the payoff, 1) a discretized model is required and 2) Monte Carlo methods fail to account for optimal decisions to terminate the derivative by early exercise. For equity options, a typical example would be pricing an American option, where a decision as to option exercise is required at ""all"" times (any time) before and including maturity. A continuous model, on the other hand, such as Black Scholes, would only allow for the valuation of European options, where exercise is on the option's maturity date. For interest rate derivatives lattices are additionally useful in that they address many of the issues encountered with continuous models, such as pull to par.