empirisch beobachtete Abweichung von der ungedeckten Zinsparität beim US-Dollar/Euro-Wechselkurs erklären kann. Außerdem …

U.K., Japan, France and Germany with respect to the United States is conducted. The resulting conclusion is that real … prices, international allocations of world investment across countries, and underlying terms of trade changes. Unanticipated … States. The history of world monetary policy is reviewed along with the determination of real exchange rates within the Euro …

Risk and Emotions -- Financial Market Volatility -- Behavioural Finance -- VIX Index. … future development of financial market volatility. Furthermore, it is proven that there is no statistically significant …. Obviously, there must be at least one additional variable that has a strong influence on market volatility such as emotions …

This book presents methodologies for the Bayesian estimation of GARCH models and their application to financial risk … paradigm for inference. The next three chapters describe the estimation of the GARCH model with Normal innovations and the … between individuals can be substantial in terms of regulatory capital. The last chapter proposes the estimation of a Markov …

fiscal deficits in a number of countries. Despite recent major fiscal reforms around the world, many countries suffer from … deficit or volatility problems, while others do not? What factors are most important in explaining cross-country variation in …