type="main" xml:id="joca12032-abs-0001" <title type="main">Abstract</title> We examined financial knowledge among educated women with at least a bachelor's degree by analyzing the results from a 2009 survey representing a well-defined sample (<fi>N</fi> = 4,344) of alumnae from a highly selective liberal arts college for women....

The authors know that, when currencies are perfect substitutes, exchange rates could become indeterminate. They show that, even when currencies are less than perfect substitutes, exchange rates could display volatility unrelated to economic fundamentals. With increases in currency substitution...

The short-term interest rate is an important economic variable and its time series properties have been the subject of numerous empirical studies. This paper provides empirical evidence on the behavior of short-term rates in seven industrialized countries and the Euro zone under the no-arbitrage...

This paper develops a valuation formula for multi-period stochastic cash flows consistent with rational risk-averse investor behavior and equilibrium in securities markets. It shows that the CAPM does not have to be sequentially applied in discounting of the cash flows of multi-period projects,...