Price Volatility, Trading Activity and Market Depth
... This study documents the relations among price volatility, trading activity and market depth for selected futures contracts traded on the Taiwan Futures Exchange (TAIFEX) and Singapore Exchange Derivatives Trading Division (SGX-DT) Taiwan Stock Index Futures markets. This subject has been extensivel ...
... This study documents the relations among price volatility, trading activity and market depth for selected futures contracts traded on the Taiwan Futures Exchange (TAIFEX) and Singapore Exchange Derivatives Trading Division (SGX-DT) Taiwan Stock Index Futures markets. This subject has been extensivel ...
Environmental Economics
... • Very simple: If all goods (services, natural resources …) were allocated efficiently via markets there was no „environmental problem“ (from an economic point of view). • Can we expect real world markets to work efficiently in the management of environmental goods? ...
... • Very simple: If all goods (services, natural resources …) were allocated efficiently via markets there was no „environmental problem“ (from an economic point of view). • Can we expect real world markets to work efficiently in the management of environmental goods? ...
PRODUCTION EFFICIENCY - INTERPRETATION We have seen
... because of the exercise of market power by some firm, anti-trust policies and their implementation may be appropriate. If resource immobility is due to sunk costs, the question then is whether these sunk costs could be reduced. An example of reduction in sunk costs is the retraining of "specialized ...
... because of the exercise of market power by some firm, anti-trust policies and their implementation may be appropriate. If resource immobility is due to sunk costs, the question then is whether these sunk costs could be reduced. An example of reduction in sunk costs is the retraining of "specialized ...
Title Is Times New Roman 28 Pt., Line Spacing .9 Lines
... goods and services purchased by wage earners in urban areas. It is a price index that tracks the prices of a specified set of consumer goods and services, providing a measure of inflation. The CPI is a fixed quantity price index and a sort of cost-of-living index. The CPI can be used to track change ...
... goods and services purchased by wage earners in urban areas. It is a price index that tracks the prices of a specified set of consumer goods and services, providing a measure of inflation. The CPI is a fixed quantity price index and a sort of cost-of-living index. The CPI can be used to track change ...
Capacity for loss and appetite for risk: drawdown`s
... investment selection”, which was issued by the FCA’s predecessor, the FSA. ...
... investment selection”, which was issued by the FCA’s predecessor, the FSA. ...
The Effect of Futures Trading on the Underlying Volatility: Evidence
... A derivative is financial instruments whose value is derived from another underlying asset. The underlying asset can be equity, forex, and any other asset The price of derivatives is driven by the spot price of the asset price which is underlying. The derivative futures contracts are exchange traded ...
... A derivative is financial instruments whose value is derived from another underlying asset. The underlying asset can be equity, forex, and any other asset The price of derivatives is driven by the spot price of the asset price which is underlying. The derivative futures contracts are exchange traded ...
lecture notes
... • If a market system is not perfectly competitive, market power may result • Market power is the ability to influence prices • Market power can cause markets to be inefficient because it keeps price and quantity from the equilibrium of supply and demand ...
... • If a market system is not perfectly competitive, market power may result • Market power is the ability to influence prices • Market power can cause markets to be inefficient because it keeps price and quantity from the equilibrium of supply and demand ...
Fin 603 Week 11
... Synthetic Options and Synthetic Equity The term synthetic option describes a collection of financial instruments that are equivalent to an option position A protective put is an example of a synthetic call long stock + long put long call More importantly, this also means (in an approximate ...
... Synthetic Options and Synthetic Equity The term synthetic option describes a collection of financial instruments that are equivalent to an option position A protective put is an example of a synthetic call long stock + long put long call More importantly, this also means (in an approximate ...
OCA - Federation of European Securities Exchanges
... The case-by case-approach • Historically, derivative exchanges have benefited from the CFTC’s no-action letter regime • No retail investor protection concerns A new multilateral approach? • The SEC’s expected concept paper will focus on mutual recognition of rules (not standardisation). • Will the E ...
... The case-by case-approach • Historically, derivative exchanges have benefited from the CFTC’s no-action letter regime • No retail investor protection concerns A new multilateral approach? • The SEC’s expected concept paper will focus on mutual recognition of rules (not standardisation). • Will the E ...
Preferential Treatment of Derivative Contracts
... individual market participants influence, and are influenced by, other market participants. Lehman’s counterparties, in turn, faced other counterparties on the back-to-back transactions, who may have faced yet other counterparties. While it is difficult to quantify the systemic risk inherent in this ...
... individual market participants influence, and are influenced by, other market participants. Lehman’s counterparties, in turn, faced other counterparties on the back-to-back transactions, who may have faced yet other counterparties. While it is difficult to quantify the systemic risk inherent in this ...
The fundamental drivers of recent volatility in
... delivery. Commodity index funds arose because most institutional investors do not have access to the sophisticated trading operations necessary to manage a diversified commodity index portfolio using futures contracts. Typically, the approach is to take a long position in a near-term futures contrac ...
... delivery. Commodity index funds arose because most institutional investors do not have access to the sophisticated trading operations necessary to manage a diversified commodity index portfolio using futures contracts. Typically, the approach is to take a long position in a near-term futures contrac ...
market risk - U of L Class Index
... variability of returns without an equivalent reduction in expected returns ...
... variability of returns without an equivalent reduction in expected returns ...
Risks Underlying Islamic Modes of Financing
... Criticism against the Ijarah Sukuk 2. The Sale and Lease Back Structure: • Renting an asset to the party who sold it, has been questioned by scholars. 3. Pricing of Sukuk • Muslim economists and Shariah scholars have not come up with an alternative to the interest rate as a readily available indica ...
... Criticism against the Ijarah Sukuk 2. The Sale and Lease Back Structure: • Renting an asset to the party who sold it, has been questioned by scholars. 3. Pricing of Sukuk • Muslim economists and Shariah scholars have not come up with an alternative to the interest rate as a readily available indica ...
Can Asia`s financial markets continue to grow without AEV`s
... engines, in some cases using a wide variety of order management systems leading to rise in demand for; – The rise in the need to effectively bridge platforms and markets for global price discovery and risk management purposes – Drive towards standardized connectivity to venues and counterparties acr ...
... engines, in some cases using a wide variety of order management systems leading to rise in demand for; – The rise in the need to effectively bridge platforms and markets for global price discovery and risk management purposes – Drive towards standardized connectivity to venues and counterparties acr ...
Question 1 Miss Maple is considering two securities, A and B, and
... low volatility of Southern Co.’s stock price only indicates that the stock has a beta that is very near to zero. The high volatility of Texas Instruments’ stock price does not imply that the …rm’s beta is high. Total volatility (the price ‡uctuation) is a function of both systematic and unsystematic ...
... low volatility of Southern Co.’s stock price only indicates that the stock has a beta that is very near to zero. The high volatility of Texas Instruments’ stock price does not imply that the …rm’s beta is high. Total volatility (the price ‡uctuation) is a function of both systematic and unsystematic ...
Futures Hedging Effectiveness under Conditions of Asymmetry
... diagonal. This means that the conditional variance of the spot returns depends only on past values of itself and past values of the squared innovations in the spot returns. The conditional variance of the futures returns and the conditional covariance between spot and futures returns have similar st ...
... diagonal. This means that the conditional variance of the spot returns depends only on past values of itself and past values of the squared innovations in the spot returns. The conditional variance of the futures returns and the conditional covariance between spot and futures returns have similar st ...
Commercial Real Estate - PowerPoint Presentation for Chapter 22
... • At the fundamental property level (unlevered), real estate in general tends to be a low-beta, low-return asset class in equilibrium, but certainly not riskless, requiring (and providing) some positive risk premium (ex ante). • CAPM type models can provide some guidance regarding the relative prici ...
... • At the fundamental property level (unlevered), real estate in general tends to be a low-beta, low-return asset class in equilibrium, but certainly not riskless, requiring (and providing) some positive risk premium (ex ante). • CAPM type models can provide some guidance regarding the relative prici ...
Sale of a business - Should I sell the assets or my shares? Recently
... Recently, the editor of Private Practice Division News mentioned to me that the "buying and selling of a business" would make a good topic for my column. She felt it was something that would interest physiotherapists. Since they're the group that this publication is directed towards, why not. Howeve ...
... Recently, the editor of Private Practice Division News mentioned to me that the "buying and selling of a business" would make a good topic for my column. She felt it was something that would interest physiotherapists. Since they're the group that this publication is directed towards, why not. Howeve ...