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The focus of this volume is on the development of new approaches for the market-conform valuation of newly issued derivatives. The first chapter presents a flexible approach to construct the binomial process of the underlying asset price by using a simultaneously backward and forward induction...
Persistent link: https://www.econbiz.de/10013520525
Persistent link: https://www.econbiz.de/10011926036
The Context of Open Evaluation: Innovation Contests -- The Design Elements of Open Evaluation -- The Objectives of Open … Evaluation -- Key Factors affecting the Output of Open Evaluation -- The Capacity of Open Evaluation for Idea Selection -- How to … of all kinds. Recent developments, however, add a new facet to the evaluation challenge. Initiatives such as innovation …
Persistent link: https://www.econbiz.de/10014016644
Liberalisation and Regulation in Telecommunication Markets -- Theoretical Approaches on Strategic Investment Decisions in Regulated Markets -- Development of a Framework -- Explorative Case Studies on Strategic Investment Decisions and Regulation in European Broadband -- Findings on Strategic...
Persistent link: https://www.econbiz.de/10013516731
The paper uses survey data to analyze whether financial market expectations on government budget deficits changed in France, Germany, Italy, and the United Kingdom during the period of the Stability and Growth Pact (SGP). Our findings indicate that accuracy of financial expert deficit forecasts...
Persistent link: https://www.econbiz.de/10014412192
We study empirically daily French and German interest rate changes since the Basle-Nyborg agreement of September 1987. In particular, we ask whether the shock associated with German unification altered the degree of leadership of German monetary policy in the ERM. We conclude that Germany’s...
Persistent link: https://www.econbiz.de/10014395835
The economic effects of German unification are first discussed in the context of a global saving/investment model. Next, simulations of MULTIMOD are presented, suggesting for the FRG an initial increase in long-term real interest rates equal to 3/4 of a percentage point, increased output, a...
Persistent link: https://www.econbiz.de/10014396131
The presence of an “EMU premium” in German long rates is tested by examining the co-movement of German and other European yields, as well as the exchange rate of the private ECU, in reaction to EMU-related events. If German yields incorporate an “EMU premium” while other European...
Persistent link: https://www.econbiz.de/10014397813
The paper surveys three broad categories of labor market institutions in Italy: employment protection legislation, unemployment benefit systems, and wage bargaining arrangements. In each case, the recent evolution and current state of Italian institutions are evaluated and compared with those in...
Persistent link: https://www.econbiz.de/10014398640