Showing 1 - 10 of 33
We study the validity of uncovered interest-rate parity (UIP) by constructing ultra long time series that span two … centuries. The forward-premium regressions yield positive slope estimates over the whole sample period and become negative only … domestic currency returns on foreign bonds against returns on domestic bonds as an alternative test for UIP, the null …
Persistent link: https://www.econbiz.de/10009440736
U.S. Treasury Securities are crucially important in many areas of finance. However, zero-coupon yields are not observable in the market. Even though published zero-coupon yields exist, they are sometimes not available for certain research topics or for high frequency. Recently, high frequency...
Persistent link: https://www.econbiz.de/10009465113
This paper assesses whether the market valuation of gold mining firms contain a premium for the option to close. Tests …, moneyness. This results show that market prices incorporate a premium that reflects the option to temporarily close operations … accounted for by the options to close (R2 = 62.7%). Further, the existence and magnitude of the option premium to close is …
Persistent link: https://www.econbiz.de/10009441756
insurance premium considering into risk rate so it is very important to estimate and evaluate factors from which depends if … premium) have main impact on failing and which factors influence on surviving. Method of survival analysis was applied for …
Persistent link: https://www.econbiz.de/10009478253
stress, if not disease, in the broader planning and social debate. With the general significance of premium clarified, the … research question of the project becomes: ‘What drives residential property price premium evolution in a metropolis?’ A …
Persistent link: https://www.econbiz.de/10009448756
PPP (Public Private Partnerships) is a new operation mode of infrastructure projects, which usually undergo long … method have been proved to be beneficial to the proper allocation of risks between the two parts in PPP projects and the … improvement of operation efficiency of PPP risk-sharing mechanism. This paper analyzed the transaction cost of the projects risk …
Persistent link: https://www.econbiz.de/10009437950
implementation, official policies on acceptable PPP approaches and structures quickly developed a rigid outlook. Some basic PPP …
Persistent link: https://www.econbiz.de/10009448334
examines the validity of the purchasing power parity (PPP)condition during three distinct exchange rate regimes (floating …-rate, target-zonearrangement, and fixed-rate or common currency) from January 1973 through January2004. My results support PPP, but … I find that PPP during the common currency regimeholds in fewer EMU countries than during the alternative exchange rate …
Persistent link: https://www.econbiz.de/10009465029
Public–Private Partnership (PPP) in construction is gaining in popularity. Although papers published in major journals … have documented real cases of PPP projects, there appears to be a lack of systematically summarizing what they have already … provided. Consequently, this paper reviewed PPP studies published in the six top journals in the construction field. The …
Persistent link: https://www.econbiz.de/10009475296
ENGLISH ABSTRACT: The effectiveness of monetary policy depends importantly on the expectations of the private sector, as it is largely through this channel of the transmission mechanism that policy changes are transmitted to long-term interest rates. This has increased the emphasis on the role...
Persistent link: https://www.econbiz.de/10009477597