Showing 1 - 10 of 106
Persistent link: https://www.econbiz.de/10000980737
Contingent Convertible bonds (CoCos) are debt instruments that convert into equity or are written down in times of distress. Existing pricing models assume conversion triggers based on market prices and on the assumption that markets can always observe all relevant firm information. But all...
Persistent link: https://www.econbiz.de/10011818282
Persistent link: https://www.econbiz.de/10003851137
Persistent link: https://www.econbiz.de/10003934116
Accurate prediction of the frequency of extreme events is of primary importance in many financialapplications such as Value-at-Risk (VaR) analysis. We propose a semi-parametric method for VaRevaluation. The largest risks are modelled parametrically, while smaller risks are captured by the...
Persistent link: https://www.econbiz.de/10010533206
Using meta-analytical techniques, we focus on 11 studies that explicitly measure the effect of a net migration variable in neoclassical convergence models and derive 57 comparable effect sizes. The data suggest that an increase in the net migration rate of one percentage point increases on...
Persistent link: https://www.econbiz.de/10011377819
Persistent link: https://www.econbiz.de/10009722706
Persistent link: https://www.econbiz.de/10008771823
Persistent link: https://www.econbiz.de/10003830549
Persistent link: https://www.econbiz.de/10000906504