OTC Derivatives: Regulation
... and surveillance cover all areas where shadow bankingrelated risks to the financial system might potentially arise. • authorities should narrow the focus for policy purposes to the subset of nonbank credit intermediation where there are (i) developments that increase systemic risk (in particular mat ...
... and surveillance cover all areas where shadow bankingrelated risks to the financial system might potentially arise. • authorities should narrow the focus for policy purposes to the subset of nonbank credit intermediation where there are (i) developments that increase systemic risk (in particular mat ...
Number 67
... sets of risk-allocation. Value-based generational accounting is used as the framework of the analysis. First, they find that a pension deal is a zero-sum game in value terms; then, by introducing a welfare analysis of pension deals, they show that a pension deal is potentially a positive-sum game in ...
... sets of risk-allocation. Value-based generational accounting is used as the framework of the analysis. First, they find that a pension deal is a zero-sum game in value terms; then, by introducing a welfare analysis of pension deals, they show that a pension deal is potentially a positive-sum game in ...
rate_note
... In Chapter 2, 3, and 4, we usually takes the rate of return, yield rate, or yield to maturity as given and compute some other quantities such as the present value of the cash–flow, the size(s) of payments, and the number of payments. In the reality, it is common that we know everything but the inter ...
... In Chapter 2, 3, and 4, we usually takes the rate of return, yield rate, or yield to maturity as given and compute some other quantities such as the present value of the cash–flow, the size(s) of payments, and the number of payments. In the reality, it is common that we know everything but the inter ...
NBER WORKING PAPER SERIES STOCK AND BOND PRICING IN AN AFFINE ECONOMY
... on bonds and equities, a set of arbitrage-free prices is determined. The characterization and use of affine pricing models has been particularly prevalent in the literature on the term structure of interest rates. An affine term structure model is one in which the yield on any zero coupon bond can b ...
... on bonds and equities, a set of arbitrage-free prices is determined. The characterization and use of affine pricing models has been particularly prevalent in the literature on the term structure of interest rates. An affine term structure model is one in which the yield on any zero coupon bond can b ...
Speech to the First Annual Conference of the Risk Management... Singapore via video-conference
... some households, large mortgage lenders, and hedge funds have felt the pinch of the problems in this market. The low long-term rates and low risk premiums that have prevailed in financial markets over the last several years mean that overall financial conditions have been notably more accommodative ...
... some households, large mortgage lenders, and hedge funds have felt the pinch of the problems in this market. The low long-term rates and low risk premiums that have prevailed in financial markets over the last several years mean that overall financial conditions have been notably more accommodative ...
Third Quarter – Revenge of the Nerds
... months after we last used it in this publication, but he did get two things right in this famous line: October is a bad month for the stock market, and speculation is dangerous at any time of the year. The table below shows the average monthly percentage changes in the NASDAQ since 1971. October is ...
... months after we last used it in this publication, but he did get two things right in this famous line: October is a bad month for the stock market, and speculation is dangerous at any time of the year. The table below shows the average monthly percentage changes in the NASDAQ since 1971. October is ...
Introduction_to_Volatility
... disappoint investors, it can stimulate a landslide in a stock's price. Fear and greed have an important effect on volatility, because they are two primary factors causing stock prices to change. When important and relevant new information arises in the markets, volatility tends to rise. When informa ...
... disappoint investors, it can stimulate a landslide in a stock's price. Fear and greed have an important effect on volatility, because they are two primary factors causing stock prices to change. When important and relevant new information arises in the markets, volatility tends to rise. When informa ...
Introduction to Volatility
... disappoint investors, it can stimulate a landslide in a stock's price. Fear and greed have an important effect on volatility, because they are two primary factors causing stock prices to change. When important and relevant new information arises in the markets, volatility tends to rise. When informa ...
... disappoint investors, it can stimulate a landslide in a stock's price. Fear and greed have an important effect on volatility, because they are two primary factors causing stock prices to change. When important and relevant new information arises in the markets, volatility tends to rise. When informa ...
Building a greener society
... • Consider your rules and terms of leases. Are they practical and “fundable”? • Talk to a few lenders and RICS approved valuers • Ask if there is a valuation panel policy at lenders ...
... • Consider your rules and terms of leases. Are they practical and “fundable”? • Talk to a few lenders and RICS approved valuers • Ask if there is a valuation panel policy at lenders ...
Chapter 8
... spot price of the underlying currency is said to be atthe-money (ATM). • An option the would be profitable, excluding the cost of the premium, if exercised immediately is said to be in-the-money (ITM). • An option that would not be profitable, excluding the cost of the premium, if exercised immediat ...
... spot price of the underlying currency is said to be atthe-money (ATM). • An option the would be profitable, excluding the cost of the premium, if exercised immediately is said to be in-the-money (ITM). • An option that would not be profitable, excluding the cost of the premium, if exercised immediat ...
The Equity Premium: Consistent with GDP Growth and
... We then establish a relationship between GDP growth and the required returns on corporate assets and debt. Based on an empirical analysis at the aggregate corporate level, we obtain a value for the return on debt identical to the historical average of the 3-month T-bill over the period 1926–2001. A ...
... We then establish a relationship between GDP growth and the required returns on corporate assets and debt. Based on an empirical analysis at the aggregate corporate level, we obtain a value for the return on debt identical to the historical average of the 3-month T-bill over the period 1926–2001. A ...
Emergency Check-up for Business
... credit, and capital) disappears, demand is reduced across the board (i.e. lower sales) Lay-offs spread through all industries, multiplying the effect of inability to repay debt downward spiral of ability to service debt of all types ...
... credit, and capital) disappears, demand is reduced across the board (i.e. lower sales) Lay-offs spread through all industries, multiplying the effect of inability to repay debt downward spiral of ability to service debt of all types ...
Research on the Relationship Between Financial Structure and
... Finance-Size (FZ), computed as the log of the product of Private Credit Ratio and Stock Market Capitalization Ratio; and (ii) Finance-Activity (FA), which is the log of the product of Private Credit Ratio and Stock Market Value Traded Ratio. Finance-Size measures the overall size of stock market, ba ...
... Finance-Size (FZ), computed as the log of the product of Private Credit Ratio and Stock Market Capitalization Ratio; and (ii) Finance-Activity (FA), which is the log of the product of Private Credit Ratio and Stock Market Value Traded Ratio. Finance-Size measures the overall size of stock market, ba ...
Sofia, Bulgaria, October 13, 2006 Milen Markov Chairman of
... – one legal person with separate portfolios with different level of risk – each portfolio should be a separate legal person ...
... – one legal person with separate portfolios with different level of risk – each portfolio should be a separate legal person ...
Who Says Real Estate is a Bad Investment?
... been a valuable tool in reducing volatility and enhancing portfolio returns through income and the potential for capital appreciation. Real estate returns have also demonstrated low correlation with the returns of common stock and bond type investments. A look at the last decade of performance shows ...
... been a valuable tool in reducing volatility and enhancing portfolio returns through income and the potential for capital appreciation. Real estate returns have also demonstrated low correlation with the returns of common stock and bond type investments. A look at the last decade of performance shows ...
An Assessment of APT`s Performance on Portfolios
... how the latter affect or predict the mean of asset’s returns. The aim of the study was to spot the sources of economic risk that investors should track and hedge against the commanded economic and financial risks. The returns of ten stock portfolios listed on the NYSE, AMEX and NASDAQ for a monthly ...
... how the latter affect or predict the mean of asset’s returns. The aim of the study was to spot the sources of economic risk that investors should track and hedge against the commanded economic and financial risks. The returns of ten stock portfolios listed on the NYSE, AMEX and NASDAQ for a monthly ...
1. Introduction - Academic Web Pages
... We study a class of competitive pure exchange economies for which the equilibrium growth rate process on consumption and equilibrium asset returns are stationary. Attention is restricted to economies for which the elasticity of substitution for the composite consumption good between the year t and y ...
... We study a class of competitive pure exchange economies for which the equilibrium growth rate process on consumption and equilibrium asset returns are stationary. Attention is restricted to economies for which the elasticity of substitution for the composite consumption good between the year t and y ...
Risk Tolerance and Asset Allocation
... portfolio in cash. Within stock funds, I focused primarily in the small-mid growth sector, while diversifying my holdings with a lesser allocation of small and large blend funds. Furthermore, I used primarily growth ETFs like VBK to leverage an existing long ...
... portfolio in cash. Within stock funds, I focused primarily in the small-mid growth sector, while diversifying my holdings with a lesser allocation of small and large blend funds. Furthermore, I used primarily growth ETFs like VBK to leverage an existing long ...
need for financial diversification: development of a debt market in
... and these are therefore their main policy instruments. When a central bank raises or reduces these rates, the market-determined long-term interest rates tend to behave accordingly. • It is so that when a central bank wishes to reduce inflation, it would raise short-term interest rates. As it is at t ...
... and these are therefore their main policy instruments. When a central bank raises or reduces these rates, the market-determined long-term interest rates tend to behave accordingly. • It is so that when a central bank wishes to reduce inflation, it would raise short-term interest rates. As it is at t ...
Course Content Form - Pima Community College
... liabilities and owner's equity. Also includes principles of business, finite math, basic probability, summation, compound interest, random variables and random sampling. Prerequisite(s): ACC 211 and either MAT 172 or MAT 173. Recommendation: Students have a "B" or better in prerequisites due to rigo ...
... liabilities and owner's equity. Also includes principles of business, finite math, basic probability, summation, compound interest, random variables and random sampling. Prerequisite(s): ACC 211 and either MAT 172 or MAT 173. Recommendation: Students have a "B" or better in prerequisites due to rigo ...