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Persistent link: https://www.econbiz.de/10000737392
While historians have for a long time recognized the importance of the First World War to the general flow of history, business economists do not fully appreciate the impact of the war on commercial relationships. The First World War transformed the political, economic, and social context, in...
Persistent link: https://www.econbiz.de/10005484359
Purchasing goods from distant locations introduces a significant lag between when a product is shipped and when it arrives. These transit lags are trade barriers for firms facing volatile demand, who must place orders before knowing the resolution of demand uncertainty. We provide a model in...
Persistent link: https://www.econbiz.de/10009430693
, in particular, hedging of caps and swaptions. We analyze the influence of the number of factors on the hedging and … the model parameters to obtain the best hedging and pricing results. We use data on interest rates, and cap and swaption … prices from 1995 to 1999. The empirical results on the hedging of caps and swaptions show that, if the number of hedge …
Persistent link: https://www.econbiz.de/10009460130
hedging long bespoke positions. In stratifying a portfolio we define Class-A as the widest credits, Class-B as the middle tier … second part of Chapter Four, we perform analysis to find out which credit index should be used in hedging a long bespoke … selection, and stepwise regression methods to find out if we should use multiple indices in our hedging practices. Multiple …
Persistent link: https://www.econbiz.de/10009466071
difficulties that can ensue when failing to account for estimation risk in valuation and hedging formulae. …
Persistent link: https://www.econbiz.de/10009476145
One of the characteristics of Demand-Driven Production is that goods should be manufactured and delivered to customers within the specified pe-riod of time. Manufacturers achieve this by utilizing various efficient production planning, scheduling tools and techniques. But situations may arise...
Persistent link: https://www.econbiz.de/10009479397
We develop a method for measuring the amount of insurance the portfolio of government liabilities provides against scal shocks, and apply it to postwar US data. We dene scal shocks as surprises in defense spending. Our results indicate that the US federal government is partially hedged against...
Persistent link: https://www.econbiz.de/10009441130