-adjusted returns. Results show that the stock returns of Italian banks are positively related to past profitability, liquidity, and …

Italian abstract: L'obiettivo è spiegare in maniera succinta l'asset pricing nell'ipotesi di mercati completi. Dopo … aver dato notazioni e definizioni, viene esposto il Terema fondamentale dell'Asset Pricing, il Risk-Neutral Pricing e le … condizioni di non-arbitraggio. Date queste nozioni, il pricing delle attività finanziarie a reddito fisso diventa un facile …

mercato, misurata dal beta del titolo. Il capital asset pricing model (Sharpe, 1964; Lintner, 1965) formalizza proprio questa …English Abstract: The Capital Asset Pricing Model (Sharpe, 1964; Lintner, 1965) answers the Key Question of Finance …

bonds (described through CAPM-like model) and medium-long term behavior of main macro-economic fundamentals (debt and … that are suggested in the economic literature to reduce the spread between that rate of the German bonds and those of the … rates of German bonds and a concurrent alignment of German fiscal policy to those that has been adopted by Italy and Spain …

the issues for the evaluation of the theoretical value (or fair value) of this type of bonds, providing an order of … bonds listed on the Italian Stock Exchange (Mot); 2) describe a model for the evaluation of the theoretical value (or fair … difference between bank index-linked bonds' prices and their fair-value.Italian Abstract: Le obbligazioni index-linked sono …

Italian Abstract: In queste note si cerca di evidenziare come l'asset pricing, nel contesto di stati di natura discreti …English Abstract: In these lecture notes I try to emphasize how asset pricing in discrete states of nature and complete …