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Comparisons of cashflow maps for value-at-risk

Marc, Henrard - EconWPA - 2003

This article is devoted to the study cashflow maps used in the computation of value-at-risk (VaR). Properties and characteristics of the approaches found in the literature are presented and two new approaches are introduced. The goal of this paper is to study the quality of these maps. This is...

Persistent link: https://www.econbiz.de/10005124988

A look at exchange rate and monetary policy in Malawi

Simwaka, Kisu - EconWPA - 2004

misalignment with no feedback effects. In the second stage, a model of nominal exchange rate is estimated. Since we find co-integration …; Integration * The findings, interpretation and conclusions expressed in this paper are entirely those of the author. They don …

Persistent link: https://www.econbiz.de/10005076782

Central counterparty clearing: constructing a framework for evaluation of risks and benefits

Ripatti, Kirsi - EconWPA - 2005

the increased sophistication in clearing arrangements is the ongoing process of European economic integration, ie the euro …

Persistent link: https://www.econbiz.de/10005134670

LUSO-SPANISH-FRANCO-ENGLISH RELATIONS VIEWED FROM THE ENTRANCE OF FOREIGN INVESTMENT FUNDS

manso, jose r. p. - EconWPA - 2004

stationarity, integration and cointegration, that continues by the appreciation of the multilateral and bilateral causality among …

Persistent link: https://www.econbiz.de/10005408149

LUSO-SPANISH-FRANCO-ENGLISH RELATIONS VIEWED FROM THE ENTRANCE OF FOREIGN INVESTMENT FUNDS

manso, jose ramos pires - EconWPA - 2004

stationarity, integration and cointegration, that continues by the appreciation of the multilateral and bilateral causality among …

Persistent link: https://www.econbiz.de/10005408172

Efficiency of Banks in Regions at Different Stage of European Integration Process

Stavarek, Daniel - EconWPA - 2005

level of economic development and different involvement in the process of European integration. The first group consists of … European integration and economic situation are visible also in banking efficiency. Thus we test the hypothesis that the higher … degree of European economic integration and economic development goes hand in hand with higher baking efficiency. Employing …

Persistent link: https://www.econbiz.de/10005413069

Cointegration in Frequency Domain

Levy, Daniel - EconWPA - 2004

Existence of a cointegration relationship between two time series in the time domain imposes restrictions on the series zero-frequency behaviour in terms of their squared coherence, phase, and gain, in the frequency domain. I derive these restrictions by studying cross-spectral properties of a...

Persistent link: https://www.econbiz.de/10005556273

Augmented gravity model: An empirical application to Mercosur- European trade flows

Martínez-Zarzoso, Inmaculada; Felicitas Nowak-Lehmann D. - EconWPA - 2003

This paper applies the gravity trade model to assess Mercosur-European Union trade, and trade potential following the agreements reached recently between both trade blocks. The model ist tested for a sample of 19 countries, the four formal members of Mercosur plus Chile and the fifteen members...

Persistent link: https://www.econbiz.de/10005119301

Is the Feldstein-Horioka Puzzle Really a Puzzle?

Levy, Daniel - EconWPA - 2004

Using the framework of a dynamic intertemporal optimization model of an open economy, it is shown that the long-run investment-saving correlation follows directly from the economy's dynamic budget constraint and this does not depend on the degree of international capital mobility. Therefore,...

Persistent link: https://www.econbiz.de/10005119491

The value of Marx analysis

Schettino, Francesco - EconWPA - 2005

Questo articolo indaga sulla reale portata dell'analisi di Marx, basata in maniera fondamentale sulla propria teoria del valore e del plusvalore. L'idea innovativa dell'articolo consiste nel mostrare come sia possibile capire realmente l'analisi della teoria del valore di Marx, partendo da Marx...

Persistent link: https://www.econbiz.de/10005076659