This PDF is a selection from a published volume from... Bureau of Economic Research
... haircut than otherwise available, this always lowers its required return. The required returns of other securities either all increase or all decrease, depending on what happens to the shadow cost of capital. The most intuitive case is that the shadow cost of capital decreases due to the new source ...
... haircut than otherwise available, this always lowers its required return. The required returns of other securities either all increase or all decrease, depending on what happens to the shadow cost of capital. The most intuitive case is that the shadow cost of capital decreases due to the new source ...
Ques 2:Which of the following: singly-linked list or doubly
... 2. Since 4 < 7, 4 is stored in a temporary variable. 3. the content of 7 is now stored in the variable which was holding 4 4. Now, the content of temporary variable and the variable previously holding 7 are swapped. 121. What is the quickest sorting method to use? The answer depends on what you mean ...
... 2. Since 4 < 7, 4 is stored in a temporary variable. 3. the content of 7 is now stored in the variable which was holding 4 4. Now, the content of temporary variable and the variable previously holding 7 are swapped. 121. What is the quickest sorting method to use? The answer depends on what you mean ...
Stacks
... Using dynamic memory allocation (instead of arrays) for data structures that grow and shrink at execution time can save memory. Keep in mind, however, that the pointers take up space, and that dynamic memory allocation incurs the overhead of function calls. ...
... Using dynamic memory allocation (instead of arrays) for data structures that grow and shrink at execution time can save memory. Keep in mind, however, that the pointers take up space, and that dynamic memory allocation incurs the overhead of function calls. ...
2011 Article I Swedish house prices in an international perspective
... to owner-occupied one-family houses. The discussion in the paper is perfectly general, however, and applies in principle to all kinds of owner-occupied housing including apartments. In the text, I will use the term houses throughout. ...
... to owner-occupied one-family houses. The discussion in the paper is perfectly general, however, and applies in principle to all kinds of owner-occupied housing including apartments. In the text, I will use the term houses throughout. ...
Bond Markets in Serbia: Regulatory Challenges for an Efficient Market
... curtailed withdrawals altogether. In 1991, FRY proclaimed a moratorium on government debt towards all private depositors, referred to as "old foreign currency savings". At the time of the moratorium, the total outstanding balance was close to 6 billion DEM. The events that followed had a major influ ...
... curtailed withdrawals altogether. In 1991, FRY proclaimed a moratorium on government debt towards all private depositors, referred to as "old foreign currency savings". At the time of the moratorium, the total outstanding balance was close to 6 billion DEM. The events that followed had a major influ ...
schroders liquid alternatives br en
... and enhance returns through the use of borrowed capital. In the case of liquid alternatives this is achieved through the use of derivative instruments. Leverage can be applied on both the long side and the short side and, when managed carefully, can be an effective technique for magnifying the retur ...
... and enhance returns through the use of borrowed capital. In the case of liquid alternatives this is achieved through the use of derivative instruments. Leverage can be applied on both the long side and the short side and, when managed carefully, can be an effective technique for magnifying the retur ...
NBER WORKING PAPER SERIES INTERNATIONAL CAPITAL FLOWS RETURNS AND WORLD FINANCIAL INTEGRATION
... the fa to pi and then to fi configurations of the model, the degree of risk-sharing increases, but households never have access to a rich enough array of financial assets to make markets complete. We view this as an important feature of the model. There is ample evidence that incomplete risksharing ...
... the fa to pi and then to fi configurations of the model, the degree of risk-sharing increases, but households never have access to a rich enough array of financial assets to make markets complete. We view this as an important feature of the model. There is ample evidence that incomplete risksharing ...
Evaluating the Dynamic Nature of Market Risk by Todd Hubbs, Todd
... (1988) apply alternative SIM specifications, including a stochastic coefficient model, to Delaware farm sector returns. These previous SIM applications in agriculture recognize the usefulness of the SIM for risk analysis in general and in particular for its systematic-nonsystematic risk breakdown. H ...
... (1988) apply alternative SIM specifications, including a stochastic coefficient model, to Delaware farm sector returns. These previous SIM applications in agriculture recognize the usefulness of the SIM for risk analysis in general and in particular for its systematic-nonsystematic risk breakdown. H ...
NBER WORKING PAPER SERIES SIMPLE VARIANCE SWAPS Ian Martin Working Paper 16884
... The events of 2008 and 2009 severely disrupted these markets and revealed certain undesirable features of variance swaps. Carr and Lee (2009) write, “The cataclysm that hit almost all financial markets in 2008 had particularly pronounced effects on volatility derivatives . . . . Dealers learned the ...
... The events of 2008 and 2009 severely disrupted these markets and revealed certain undesirable features of variance swaps. Carr and Lee (2009) write, “The cataclysm that hit almost all financial markets in 2008 had particularly pronounced effects on volatility derivatives . . . . Dealers learned the ...
mmi14-Hoffmann 19104742 en
... The second term is the effect on intertemporal substitution of expected changes in the local price of non-tradeables. If the price of the provincial consumption bundle relative to tradeable goods is expected to rise in the future, there is an incentive to save more. In analogy to Hoffmann (2012), we ...
... The second term is the effect on intertemporal substitution of expected changes in the local price of non-tradeables. If the price of the provincial consumption bundle relative to tradeable goods is expected to rise in the future, there is an incentive to save more. In analogy to Hoffmann (2012), we ...
DataStructures
... • Other parts of the program interacts with data through provided operations according to their specifications • Implementation chooses how to represent data and implement its operations ...
... • Other parts of the program interacts with data through provided operations according to their specifications • Implementation chooses how to represent data and implement its operations ...
Index Structures for Files Multi-Level Indexes Multi
... • a node with k keys either has k +1 pointers to children, which correspond to the partition induced on the key-space by those k keys, or it has all its pointers null, in which case it is terminal • all terminal nodes are at the same level ...
... • a node with k keys either has k +1 pointers to children, which correspond to the partition induced on the key-space by those k keys, or it has all its pointers null, in which case it is terminal • all terminal nodes are at the same level ...
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.