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Portfolio optimization with risk constraints
Gandy, Ralf - 2005
In dieser Arbeit setzen wir uns mit den Auswirkungen von Risikobeschränkungen auf das optimale Verhalten eines Investors auseinander, welcher versucht, den erwarteten Endnutzen zu einem festgelegten Zeitpunkt zu maximieren. Dazu kann er ein vorgegebenes Anfangsvermögen in einem Markt...
Persistent link: https://www.econbiz.de/10009462193
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Evaluating the Liquidity of Stocks using Transaction Data
Ivanchuk, Nataliya - 2004
In recent years a substantial amount of literature in one way or another deals with liquidity. The interest in it grows … measures of liquidity and publish them in the regular reports. But as in literature, there is still no consensus as what … liquidity really means and how it should be measured, or reported, understood or predicted, as the consistent summary of what …
Persistent link: https://www.econbiz.de/10009471789
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14.661 Labor Economics I, Fall 2006
Pischke, Jorn-Steffen; Angrist, Joshua - 2006
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply …
Persistent link: https://www.econbiz.de/10009432547
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Does Foreign Exchange Reserve Decumulation Lead to Currency Appreciation?
Dominguez, Kathryn M. E.; Fatum, Rasmus; Vacek, Pavel - 2010
Many developing countries have increased their foreign reserve stocks dramatically in recent years, in large part motivated by the desire for precautionary self-insurance. One of the negative consequences of large accumulations for these countries is the risk of valuation losses. In this paper...
Persistent link: https://www.econbiz.de/10009476924
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Diversification of Foreign Exchange Reserves in Newly Industrialized Countries
Hsu, Ker-Tah - 2001
The main purpose of this dissertation is to solve the following question: How will the emergence of the Euro influence the currency composition of the NICs?monetary reserves? Taiwan and Thailand are chosen as our investigation subjects. There are two sorts of motives for central banks' reserve...
Persistent link: https://www.econbiz.de/10009481267
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Two essays on monetary union and international finance
Mahajan, Arvind (contributor); Saving, Thomas (contributor) - 2005
corporate liquidity (cash holdings of firms) from15 European Union (EU) countries [12 Economic and Monetary Union (EMU … the corporate liquidity literature are fourfold.First, I provide evidence that creditor rights also affect corporate … liquidity and theireffect is more consistent than that of shareholder rights. Second, I show that the recentformation of EMU …
Persistent link: https://www.econbiz.de/10009465029
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Essays on international corporate cash holdings
Jia, Yonghong - 2011
This dissertation is composed of two distinct chapters. The first chapter is concerned with the secular trends in corporate cash holdings and the determinants of the changing cash policies for seven industrialized countries--Australia, Canada, France, Germany, Japan, the US, and UK. In the first...
Persistent link: https://www.econbiz.de/10009431815
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Financial Markets, Financial Intermediation, and Bailout Policy
Vinogradov, Dmitri V. - 2006
The 1980s and 1990s have been marked with a series of financial and banking crises all over the world. This turned the attention of economists to such questions as how a financial system should be structured in order to reduce the vulnerability of an economy to the risk of a crisis, or what...
Persistent link: https://www.econbiz.de/10009476251
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Farm Level Risk Assessment Using Downside Risk Measures
Berg, Ernst; Starp, Michael - 2006
Recent and presumable future developments tend to increase the risk associated with farming activities. This causes an increasing importance of risk management. Farmers have a wide variety of possibilities to influence the risk exposure of their operations. Among them are the choice of the...
Persistent link: https://www.econbiz.de/10009483581
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Financial Markets and Public Information
Storkenmaier, Andreas - 2011
Newswire messages make up a major part of the public information set available to investors. The last decades have seen drastic changes in trading technology and the way that financial markets operate. As trading technology advances, news providers have kept pace and deliver news to market...
Persistent link: https://www.econbiz.de/10009434499