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Exportinduziertes Wachstum als Chance für die „nächsten Tiger“?
Benner, Maximilian - Volkswirtschaftliche Fakultät, … - 2010
Using a strategy of export-led growth and an activist industrial policy, Japan, the Asian Tigers and more recently … of Japan, the Tiger states and China with their respective strategies of industrial policy and export-led growth. Is …
Persistent link: https://www.econbiz.de/10011257823
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Information Exchange and the Limits of Arbitrage
Gray, Wesley - Volkswirtschaftliche Fakultät, … - 2008
capital constrained, noise trader influence is high, and arbitrage investors are more loss averse. We also predict that … arbitrage networks can lead to crowded trades, which can create systematic risk in extreme market circumstances. …
Persistent link: https://www.econbiz.de/10005835710
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Information Exchange and the Limits of Arbitrage
Gray, Wesley - Volkswirtschaftliche Fakultät, … - 2008
capital constrained, noise trader influence is high, and arbitrage investors are more loss averse. We also predict that … arbitrage networks can lead to crowded trades, which can create systematic risk in extreme market circumstances. …
Persistent link: https://www.econbiz.de/10005835969
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Two Essays on Self Tender Offers
Gray, Wesley - Volkswirtschaftliche Fakultät, … - 2005
This two chapter body of work examines empirical and theoretical aspects of self-tender offers. The first chapter is an empirical study of self-tender offers. This section gives the reader an opportunity to understand some of the simple mechanics and issues regarding self-tender offers in the...
Persistent link: https://www.econbiz.de/10005836314
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Correct or incorrect application of CAPM? Correct or incorrect decisions with CAPM?
Magni, Carlo Alberto - Volkswirtschaftliche Fakultät, … - 2007
) the disequilibrium NPV does not guarantee additivity nor consistency with arbitrage pricing, so that it is unreliable for … arbitrage losses and incorrect decisions. …
Persistent link: https://www.econbiz.de/10005836868
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Mutual influence of the exchange assets: practical aspects
Kozmenko, Serhiy; Plastun, Oleksiy - Volkswirtschaftliche Fakultät, … - 2012
The following article considers the practical use of temporary connections that arise between different exchange assets. The concrete recommendations to build a trading strategy based on the theory of market focuses are proposed. The main idea in this case is that strong positive correlation...
Persistent link: https://www.econbiz.de/10011258360
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Interest rate paradox
Ivanov, Sergei - Volkswirtschaftliche Fakultät, … - 2013
-free profitable arbitrage strategies. However it was shown that such utility function almost always exist. It is hard to use on … nowadays markets. By this reason such opportunity was called “weak arbitrage”. …
Persistent link: https://www.econbiz.de/10011258552
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Nonlinear Pricing with Arbitrage: On the Role of Correlation
Meng, Dawen; Tian, Guoqiang - Volkswirtschaftliche Fakultät, … - 2008
form a coalition to coordinate their reports and to arbitrage on the goods. We find that when the types of agents are … without arbitrage; when the types are weakly negatively correlated, the monopolist can achieve the same profit regardless of … whether or not buyers can arbitrage on their goods. Allowing arbitrage within coalitions result in right discontinuity between …
Persistent link: https://www.econbiz.de/10011260879
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A binomial tree to price European options
Brogi, Athos - Volkswirtschaftliche Fakultät, … - 2010
A time-changing volatility binomial tree to price European options is presented followed by an algorithm explaining how to implement the tree. Finally, the advantages of the model are listed.
Persistent link: https://www.econbiz.de/10009323641
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Borrowing Constraint and the Effect of Option Introduction
Amira, Khaled; Bennour, Khaled - Volkswirtschaftliche Fakultät, … - 2010
This paper studies how options trading, by circumventing constraints on borrowing, permits optimistic investors to hold the desired portfolio. Unconstrained investors proceed to a portfolio rebalancing by constructing a zero-income portfolio that consists of a short position in the option, a...
Persistent link: https://www.econbiz.de/10008695108