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Macroeconomic Sources of Foreign Exchange Risk

Kocenda, Evzen; Poghosyan, Tigran - 2008

We address the issue of foreign exchange risk and its macroeconomic determinants in several new EU members. The joint distribution of excess returns in the foreign exchange market and the observable macroeconomic factors is modeled using the stochastic discount factor (SDF) approach and a...

Persistent link: https://www.econbiz.de/10009476568

Macroeconomic Sources of Foreign Exchange Risk in New EU Members

Poghosyan, Tigran; Kocenda, Evzen - 2007

Persistent link: https://www.econbiz.de/10009477186

A Study of Stock Market Fluctuations and their Relations to Business Conditions

Fu, Man - 2009

Most research on stock prices is based on the present value model or the more general consumption-based model. When applied to real economic data, both of them are found unable to account for both the stock price level and its volatility. Three essays here attempt to both build a more realistic...

Persistent link: https://www.econbiz.de/10009460476

House prices and real interest rates in Spain

Ayuso Huertas, Juan; Blanco Escolar, Roberto; Restoy … - 2006

This paper analyses the contribution of interest rates to explain recent house price developments in Spain trying to reconcile different pieces of evidence. On the one hand, empirical evidence supports the view that interest rates are a key variable to explain house price developments. As a...

Persistent link: https://www.econbiz.de/10012529523

Assessing the risk-return trade-off in loan portfolios

Mencía González, Javier - 2009

This paper analyses the risk and return of loans portfolios in a joint setting. I develop a model to obtain the distribution of loans returns. I use this model to describe the investment opportunity set of lenders using mean-variance analysis with a Value at Risk constraint. I also obtain closed...

Persistent link: https://www.econbiz.de/10012530275

Further Evidence on Empirical Relationships Between Earnings and Cash Flows

Percy, Majella; Stokes, Donald J. - 1992

Recently in Australia, regulations have been proclaimed requiring companies to make cashflow disclosures in addition to earnings disclosures from 30 June 1992. This paper provides evidence on relationships between earnings and cash flow measures and in so doing examines the external validity of...

Persistent link: https://www.econbiz.de/10009437522

Pinigų srautų valdymo vertinimo ypatumai ekonominės krizės sąlygomis įmonės "X" pavyzdžiu

Ramanauskaitė, Jurgita - 2011

Baigiamajame darbe analizuota ir įvertinta pinigų srautų valdymo ypatumai ekonominės krizės sąlygomis, išskirtos apyvartinio kapitalo valdymo problemos bei atliktas nustatytų dydžių prognozavimas ir pateikti siūlymai, kaip tobulinti pinigų srautų valdymą įmonėje. Pirmoje darbo...

Persistent link: https://www.econbiz.de/10009478461

Comment on regulation and the term of the risk free rate: Implications of corporate debt

Hall, Jason - 2007

Lally (2007) concludes that regulators must esimate the risk-free rate as the yield-to-maturity on Government debt with a term-to-maturity equal to the regulatory period, to ensure that the present value of expected cash flows equals the investment base. The analytics behind this conclusion...

Persistent link: https://www.econbiz.de/10009448612

Addressing issues in sparseness, ecological bias and formulation of the adjacency matrix in Bayesian spatio-temporal analysis of disease counts

Earnest, Arul - 2010

The main objective of this PhD was to further develop Bayesian spatio-temporal models (specifically the Conditional …

Persistent link: https://www.econbiz.de/10009438128

Statistical methods for assessing and managing wild populations

Hoyle, Simon David - 2005

modelling to integrated Bayesian modelling using MCMC, via bootstrapping and stochastic simulation. It also covers a broad range … harvest rate. Our approach uses individual-based modeling and Bayesian analysis to investigate the effect of shadows on … statistical model, and estimates parameters using both maximum likelihood and Bayesian MCMC.The sixth chapter (Hoyle 2002, peer …

Persistent link: https://www.econbiz.de/10009438291