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Market Structure for Institutional Investors : Comparing the U.S. and the E.U. Regimes
Gadinis, Stavros - 2008
In 2007, both the U.S. and the E.U. implemented sweeping reforms in the regulation of stock exchange trading and market structure, following diametrically opposite approaches. While the E.U. effort is deregulatory and decentralized, allowing investors' choices to determine how different...
Persistent link: https://www.econbiz.de/10012727196
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A consistent two-factor model for pricing temperature derivatives
Groll, Andreas; López-Cabrera, Brenda; Meyer-Brandis, Thilo - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2014
We analyze a consistent two-factor model for pricing temperature derivatives that incorporates the forward looking information available in the market by specifying a model for the dynamics of the complete meteorological forecast curve. The two-factor model is a generalization of the...
Persistent link: https://www.econbiz.de/10011145246
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State Price Densities implied from weather derivatives
Härdle, Wolfgang Karl; López-Cabrera, Brenda; Teng, … - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2013
A State Price Density (SPD) is the density function of a risk neutral equivalent martingale measure for option pricing, and is indispensible for exotic option pricing and portfolio risk management. Many approaches have been proposed in the last two decades to calibrate a SPD using financial...
Persistent link: https://www.econbiz.de/10010658762
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Forecast based Pricing of Weather Derivatives
Härdle, Wolfgang Karl; López-Cabrera, Brenda; Ritter, … - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2012
Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as meteorological forecasts or the implied market price of risk (MPR)...
Persistent link: https://www.econbiz.de/10010607145
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Statistical Modelling of Temperature Risk
Anastasiadou, Zografia; BrendaLópez-Cabrera - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2012
Recently the topic of global warming has become very popular. The literature has concentrated its attention on the evidence of such eect, either by detecting regime shifts or change points in time series. The majority of these methods are designed to nd shifts in mean, but only few can do this...
Persistent link: https://www.econbiz.de/10010543378
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Value added trade and structure of high-technology exports in China
Kuroiwa, Ikuo - Institute of Developing Economies, Japan External Trade … - 2014
high-technology exports, an area highly dominated by the electronic and electrical equipment sector. Furthermore, a … significant portion of value added embodied in China's high-technology exports comes from services and high-technology …
Persistent link: https://www.econbiz.de/10011134425
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Productivity Spillovers from FDI in the People's Republic of China: A Nuanced View
Long, Cheryl Xiaoning; Hale, Galina; Miura, Hirotaka - In: Asian Development Review 31 (2014) 2, pp. 77-108
Using panel data from the Chinese Industrial Surveys of Medium-sized and Large Firms for 2000–2006, we show that the presence and the magnitude of technological spillovers from FDI in the People's Republic of China are affected by the source of FDI, by the ownership type of a firm in...
Persistent link: https://www.econbiz.de/10011141175
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Technologies for Freedom: Una visión de la tecnología para el desarrollo humano /Technologies for Freedom: A Technological Approach to Human Development
FERNÁNDEZ-BALDOR, ÁLVARO; BONI, ALEJANDRA; HUESO, ANDRÉS - In: Estudios de Economía Aplicada 30 (2012) Diciembre, pp. 971-996
. Technology, despite being very important, is not the only factor that ensures the success of an intervention. This paper presents … and analyzing the results, we conclude that technology projects are a means to expand people's choices, but also to …
Persistent link: https://www.econbiz.de/10010607958
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The Implementation of Technological Change.
Beatty, C.A. - Queen's at Kingston - Sch. of Indus. Relat. Research … - 1987
Persistent link: https://www.econbiz.de/10005780994
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Mesurer l'innovation des régions européennes :Un nouvel indicateur composite
De Clercq, Pierre - In: Brussels Economic Review 55 (2012) 4, pp. 357-383
RÉSUMÉ :L’objectif de cet article est le classement des régions européennes en fonction de leur niveaud’innovation … indicateurs d’innovation classiques, d’un outil destatistique descriptive multivariée :l’Analyse en Composantes Principales (ACP … matière d’innovation. Les résultats obtenuspour chacune des périodes étudiées sont cohérents avec d’autres études menées sur …
Persistent link: https://www.econbiz.de/10011015276