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Subscribe About/Contact Advertise Français All articles
Subscribe About/Contact Advertise Français All articles

... We have seen boom and bust cycles before, but these are exceptional circumstances. This time the financial system–the conveyor belt through which the economy works– has been blocked. Governments had no choice but to take action. We have welcomed the strong leadership shown by several countries which ...
Security Valuation
Security Valuation

... The Super-center concept, which combines groceries and general merchandise, is extreme success as 75 new Supercenters were opened last year alone. Another 95 will be opening over the next two years. Sam's clubs have also seen success as 99 Pace stores (Pace is one of Sam's former Competitors) were ...
Chapter 1 Introduction to Business Analytics
Chapter 1 Introduction to Business Analytics

... is known with certainty. Stochastic model – some model input information is uncertain. ◦ For instance, suppose that customer demand is an important element of some model. We can make the assumption that the demand is known with certainty; say, 5,000 units per month (deterministic). On the other hand ...
Actuarial Appraisal Value - Actuarial Considerations in Insurance
Actuarial Appraisal Value - Actuarial Considerations in Insurance

... generated from a carefully crafted, internally consistent set of assumptions designed to produce best-estimate future cash flows from the seller’s perspective. Different potential investors will typically come to their own conclusions as to what constitutes best estimate assumptions. All things bein ...
Current Client Newsletter - Creative Financial Solutions
Current Client Newsletter - Creative Financial Solutions

... market may be nearing a bottom and vice versa. The VIX hit its recent peak right at the October 2011 stock market low, and it was also very high when we were adding to our portfolios’ equity-risk exposure in early August and late September. Of course, the ultimate peaks and troughs in any index or i ...
Woefully Imperfect Market Puzzle
Woefully Imperfect Market Puzzle

... The plethora of market models cannot explain the existence of glaring and woefully widespread price differences that we have found in the semiconductor and other markets. This puzzling observation clearly challenges the notions of efficient markets and rational and informed buyers and sellers popu ...
Price-Concentration Analysis in Merger Cases with Differentiated
Price-Concentration Analysis in Merger Cases with Differentiated

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Issue II 2016 - Signature Investment Advisors, LLC
Issue II 2016 - Signature Investment Advisors, LLC

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the charles schwab guide to finances after fifty
the charles schwab guide to finances after fifty

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cetin ciner - University of North Carolina Wilmington
cetin ciner - University of North Carolina Wilmington

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... Be happy. And, don’t worry.” Worry we should, in the U.S. at least, but about the serious problems confronting us, such as our seeming inability to bring government spending under rational control or to halt the steady deterioration of our once-vaunted system of public education. Let us not waste ou ...
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Download attachment

Nonparametric Methods and Option Pricing
Nonparametric Methods and Option Pricing

... to an analytical formula and applies to European-type contracts written on a stock which follows a Geometric Brownian Motion. The formula can be derived via a dynamic hedging argument involving a portfolio of a riskless bond and the underlying stock (see e.g., Due (1996) for more details). Strictly ...
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Finance 301 Chapter 6: Problems 10/16/08 30 day T

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Life Settlements as an Asset Class

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Innovative Financial Instruments and EU Blending

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Risk And Return - Thunderbird Trust

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Quarterly Newsletter - March 1999 : Pinney and Scofield : http://www
Quarterly Newsletter - March 1999 : Pinney and Scofield : http://www

... We would like to use this letter to make a distinction between performance management and diversification management. We believe that diversification management is the safest and most reliable way to achieve a longterm acceptable rate of return on an investment portfolio. A diversified portfolio wil ...
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property, plant and equipment (ppe) structure

Conference on “Reforming the Financial System: Proposals, Constraints and New Directions”
Conference on “Reforming the Financial System: Proposals, Constraints and New Directions”

... Basel II micro-prudential regulations are also found to be pro-cyclical. For instance, mark-to-market valuation of assets combined with fixed capital adequacy requirements, exacerbated the pro-cyclicality of credit supply. The report includes several proposals to revert or mitigate this problem. At ...
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Financial economics

Financial economics is the branch of economics characterized by a ""concentration on monetary activities"", in which ""money of one type or another is likely to appear on both sides of a trade"". Its concern is thus the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing (or ""investment theory"") and corporate finance; the first being the perspective of providers of capital and the second of users of capital.The subject is concerned with ""the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment"". It therefore centers on decision making under uncertainty in the context of the financial markets, and the resultant economic and financial models and principles, and is concerned with deriving testable or policy implications from acceptable assumptions. It is built on the foundations of microeconomics and decision theory.Financial econometrics is the branch of financial economics that uses econometric techniques to parameterise these relationships. Mathematical finance is related in that it will derive and extend the mathematical or numerical models suggested by financial economics. Note though that the emphasis there is mathematical consistency, as opposed to compatibility with economic theory.Financial economics is usually taught at the postgraduate level; see Master of Financial Economics. Recently, specialist undergraduate degrees are offered in the discipline.Note that this article provides an overview and survey of the field: for derivations and more technical discussion, see the specific articles linked.
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