In dieser Arbeit werden weltweit wichtige Aktienkursindizes (AI´s) dargestellt, wobei eine axiomatische Untersuchung im Vordergrund steht. Von besonderer Bedeutung ist hierbei die Struktur, d.h. auch insbesondere die verwendeten Indexformeln und die eingesetzten Korrekturmethoden für den Fall...

Bei der vorliegenden Arbeit handelt es sich um eine Untersuchung mit dem Ziel, die Reaktionen im Umfeld von Veränderungen der Zusammensetzung der großen deutschen Aktienindizes DAX, MDAX und HDAX zu ermitteln. Da in der idealtypischen Finanztheorie eine Indexauswechslung keine...

When using derivative instruments such as futures to hedge a portfolio of risky assets, the primary objective is to estimate the optimal hedge ratio (OHR). When agents have mean-variance utility and the futures price follows a martingale, the OHR is equivalent to the minimum variance hedge...

The purpose of this study was to determine the effect of the Rupiah / US $ and the SBI interest rate of composite stock price index at the Jakarta Stock Exchange in 2007 - 2009. The method of analysis used to investigate the effect of the rupiah / US $ and the SBI interest rate of composite...

Identifying a suitable benchmark is essential when testing asset pricing models, measuring the performance of active investors, or providing market proxy portfolios for passive investors. Concern that increased domination of capitalization weighted stock indices by a few large firms will lead to...

This paper investigates the hypotheses that the recently established Mexican stock index futures market effectively serves the price discovery function, and that the introduction of futures trading has provoked volatility in the underlying spot market. We test both hypotheses simultaneously with...

The report presents data on international oil production, demand, imports, exports, and stocks. The report has four sections. Section 1 contains time series data on world oil production, and on oil demand and stocks in the Organization for Economic Cooperation and Development (OECD). This...

This report presents data on international oil production, demand, imports, exports, and stocks. The report has four sections. Section 1 contains time series data on world oil production, and on oil demand and stocks in the Organization for Economic Cooperation and Development (OECD). This...

The concept of measurement quality assurance (MQA) as embodied in National Institute of Standards and Technology (NIST) programs is not generally used within European programs for testing or accreditation. Although the essential elements of quality control and quality assurance are in the...

This paper aims to provide a flexible methodological framework to estimate import demandmodels, which explicitly considers the stochastic properties of data and the endogenous/exogenousnature of some variables. The French imports of virgin olive oil have been used as a case study withSpain,...