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interpret the 2007 run on SIV and ABCP conduits. …
Persistent link: https://www.econbiz.de/10010277386
, normality and run tests applied to spot and futures prices or differences of them, and Adopted Purchasing Power Parity test … run tests on the differences between spot and futures prices series, and Adopted Purchasing Power Parity test, or … autocorrelation, normality and run tests test based on spot series all rejected “the acceptance of efficient market hypothesis” under …
Persistent link: https://www.econbiz.de/10010991018
account (the pound sterling) and money of payment (the guinea) may induce a bank run. Second, according to Cantillon (1730 …
Persistent link: https://www.econbiz.de/10008551677
A common class of problem in statistical science is estimating, as a benchmark, the probability of some event under randomness. For example, in a sequence of events in which several outcomes are possible and the length of the sequence and number of outcomes of each type known, the number of runs...
Persistent link: https://www.econbiz.de/10005583351
interpret the 2007 run on SIV and ABCP conduits. …
Persistent link: https://www.econbiz.de/10009144883
account (the pound sterling) and money of payment (the guinea) may induce a bank run. Second, according to Cantillon (1730 …
Persistent link: https://www.econbiz.de/10011074165
In models of sequential decision making herd behaviour occurs if the signals smart(dumb) agents receive are (un)correlated and if agents have reputational concerns. We show thatintroducing costly effort to become informed about project payoffs (i) eliminates herdbehaviour and (ii) shifts...
Persistent link: https://www.econbiz.de/10011333265
In an environment with extensive corruption where much of the population evades paying their full taxes due, we tackle the question of optimal taxation when constituencies with opposing objectives (the poor and the rich) push tax policy in different directions. We think in terms of a government...
Persistent link: https://www.econbiz.de/10013469619
Persistent link: https://www.econbiz.de/10015053776
A theory is said to be fully absorbable whenever its own acceptance by all of the individuals belonging to a certain population does not question its predictive validity. This accounts for strategic equilibria and can be related to the logic underlying convergence of behaviour and intentional...
Persistent link: https://www.econbiz.de/10010296827