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Labour Market Policy in Portugal
Moniz, António - Volkswirtschaftliche Fakultät, … - 2002
long term unemployment and exclusion, on the improvement of basic and professional qualification of the working population … in a perspective of lifelong training, namely as a way to prevent unemployment phenomena, and on the preventive …
Persistent link: https://www.econbiz.de/10005835453
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Burnout from pools to loans: Modeling refinancing prepayments as a self-selection process
Gan, Jumwu - Volkswirtschaftliche Fakultät, … - 2009
In this paper we present compelling evidence from a detailed analysis of historical prepayment data to demonstrate that a mortgage cohort remembers the level of the previous mortgage rate troughs experienced by the cohort. This is a general property, observed ubiquitously, that inescapably leads...
Persistent link: https://www.econbiz.de/10005668404
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Dalle Riserve alle Opzioni: " La partecipazione agli utili nelle polizze vita"
Giandomenico, Rossano - Volkswirtschaftliche Fakultät, … - 2003
The thesis develops the option pricing model with interest rate model in stochastic environment by analyzing insurance field in asset liability management context and regulatory puorpose from the management prospective.
Persistent link: https://www.econbiz.de/10008562591
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Asset Liability Management for Banks
Giandomenico, Rossano - Volkswirtschaftliche Fakultät, … - 2007
protection and the surrender possibility. Furthermore, it determines the implied duration of banks liabilities so to show that … the surrender possibility will reduce the effective duration of banks liabilities. Implications for the immunization are …
Persistent link: https://www.econbiz.de/10005039974
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Constructing a GDP-based Index for Use as Benchmark
Cohen, Ruben D - Volkswirtschaftliche Fakultät, … - 2009
The gross domestic product [GDP] is a fundamental economic indicator that is frequently used as a benchmark for local equity indices. The widespread appeal of this association is understandable because an equity index, especially if broad, could, like the GDP, also manifest the state of the...
Persistent link: https://www.econbiz.de/10008549607
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Do countries “graduate” from crises? Some historical perspective
Reinhart, Carmen; Qian, Rong; Rogoff, Kenneth - Volkswirtschaftliche Fakultät, … - 2010
The widespread banking crises since 2007 among advanced economies and the “near” default of Greece in 2010 dashed the popular notion that rich countries have outgrown severe financial crises. Record or near-record declines in output accompanying these events signaled the end of the...
Persistent link: https://www.econbiz.de/10008534540
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Asset Liability Management in Insurance Company
Giandomenico, Rossano - Volkswirtschaftliche Fakultät, … - 2003
maturity and shows that the effective liabilities duration of an Insurance Company exposed to the default risk is different … from the duration of a default free zero coupon bond with the same time of maturity. Furthermore, it shows that the value …
Persistent link: https://www.econbiz.de/10005011950
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Duration of Business Cycles
Everts, Martin - Volkswirtschaftliche Fakultät, … - 2006
to recalculate the maximum duration of business cycles. In this way it can be shown that the maximum duration of business … the maximum duration of Burns and Mitchell (1946) makes clear that caution is advisable with the application of the … filters by Baxter and King (1999) and Christiano and Fitzgerald (2003). If one chooses the maximum duration too low (high …
Persistent link: https://www.econbiz.de/10005620108
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Banks exposure to market risks
Galy, Michel - Volkswirtschaftliche Fakultät, … - 1989
Maturity transformation coupled with open foreign exchange positions expose financial intermediaries to unexpected changes in interest and exchange rates. This paper proposes to measure the degree of banks exposure to market risks by taking the variance of the total differential of the bank...
Persistent link: https://www.econbiz.de/10011183544
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Market Risk Measurement: Key Rate Duration as an asset allocation instrument
Zeballos, David - Volkswirtschaftliche Fakultät, … - 2011
. Among the traditional ones we have the duration, which measures the bond price sensitivity to changes of interest rates …
Persistent link: https://www.econbiz.de/10011108087