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Weather risk management
López Cabrera, Brenda - 2010
CAT-Bonds und Wetterderivate sind die Endprodukte eines Verbriefungprozesses, der nicht handelbare Risikofaktoren (Wetterschäden oder Naturkatastrophenschäden) in handelbare Finanzanlagen verwandelt. Als Ergebnis sind die Märkte für diese Produkte in der Regel unvollständig. Da geeignete...
Persistent link: https://www.econbiz.de/10009467030
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A Wavelet-Based Analysis of Commodity Futures Markets
Power, Gabriel - 2007
) incommodity futures price volatility spurious, following Granger?s conjecture? Yes,only two out of eleven commodities are ….Second, do large Index Traders such as commodity pools and pension funds increasefutures price volatility through a large volume …
Persistent link: https://www.econbiz.de/10009466260
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The World Monetary System and External Relations of the EMU ?? Fasten your safety belts!
ECSA-Austria: European Integration online Papers
Traditionally clustered around one leading "hegemonic" world currency, with the introduction of the euro the … in the international consequences of the introduction of the Euro and analyzes the costs and gains from cooperation in …
Persistent link: https://www.econbiz.de/10009483196
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A Co-integration Analysis Approach to European Union Integration: The Case of Acceding and Candidate Countries
ECSA-Austria: European Integration online Papers
This paper examines the long-term financial integration of second-round acceding and candidate countries?? with the European Union and the US stock markets during the Accession Process. The lowpair wise correlations between these markets imply portfolio diversification opportunities, yet...
Persistent link: https://www.econbiz.de/10009483198
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Could the Stability and Growth Pact be Substituted by the Financial Markets?
ECSA-Austria: European Integration online Papers
In the discussions on the need for fiscal rules and their usefulness in a monetary union, researchers have not agreed if financial markets have a sufficiently disciplining effect on governments, which would mean that the fiscal rules are not necessary. This paper investigates whether the...
Persistent link: https://www.econbiz.de/10009483205
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Exploring the relationship between market values and accounting numbers of firms listed in an emerging market.
Suwardi, Eko - 2004
Studies of the relationship between market values and accounting numbers have long been a part of an established theme in capital markets research (CMR). These studies have taken various forms, most being conducted on a cross sectional basis, tied closely with the assumptions of equilibrium...
Persistent link: https://www.econbiz.de/10009438234
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Testing the NATREX model : long-run fundamentals and the dynamics of equilbrium real exchange rates
Freeman, Rebecca - Smith College. Dept. of Economics - 2009
fundamentals to provide a moving ERER on a trajectory from the medium to the long run. Unlike most studieswhich have looked at only …
Persistent link: https://www.econbiz.de/10009467578
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Modelling regional housing prices in Spain
Álvarez Román, Laura; García-Posada, Miguel - 2019
We estimate the long-run relationship between real housing prices of new dwellings and their fundamentals in a panel of …
Persistent link: https://www.econbiz.de/10012523680
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The Euro exchange rate market efficiency and the risk premium: an empirical analysis with an ecm model
Napolitano, O - 2002
The purpose of this work is to investigate the efficiency of the current Euro spot and current forwardexchange rates … related with the changes in the “fundamentals” of theeconomy. On the other hand, the exchange rate market efficiency implies … between spot and forward rates of the Euro against the British pound and the US dollar. Forone of the two exchange rates (EU …
Persistent link: https://www.econbiz.de/10009465472
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Risk premia in banking and the macroeconomy
Gersbach, Hans; Wenzelburger, Jan - 2004
This paper discusses the relationship between premia for macroeconomic risk in banking, aggregate behavior, and banking crises. We consider a competitive banking system embedded in an overlapping generation model subject to repeated macroeconomic shocks. We highlight how risk premia decline when...
Persistent link: https://www.econbiz.de/10009452465