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We use a compound option-based structural credit risk model to infer a term structure of banking crisis risk from market data on bank stocks in daily frequency. Considering debt service payments with different maturities this term structure assigns a separate estimator for short- and long-term...
Persistent link: https://www.econbiz.de/10010300362
A contingent claims valuation model which allows to highlight the implications of program trading in spot markets for the pricing of European-style foreign currency options and for the volatility strike structure implicit in these contracts is devoloped. The curvature of the volatility strike...
Persistent link: https://www.econbiz.de/10010260624
The effectiveness of the foreign exchange market interventions conducted by the Deutsche Bundesbank during the Louvre period to alter either the level or the volatility of the $/DM spot rate is examined. Volatility quotes implicit in foreign currency options are employed to recover the impact of...
Persistent link: https://www.econbiz.de/10010260625
Central banks in developing countries, wanting to devalue the domestic currency, usually intervene in the foreign exchange market by buying up foreign currency using domestic money-often backing this up with sterilization to counter inflationary pressures. Such interventions are usually...
Persistent link: https://www.econbiz.de/10010292055
Access to safe water is necessary for lives and livelihoods. In India, a mid-term assessment reveals that the country … factors constrain access to safe drinking water and proper sanitation in India for both the urban and rural poor, and that …
Persistent link: https://www.econbiz.de/10010293264
Between 2004/2005 and 2009/2010 there was a sharp fall in female labor force participation (LFP) in rural India. Why …
Persistent link: https://www.econbiz.de/10010293542
reduction credits from projects in developing countries. Various studies have concluded that India is likely to be one of the … status of the CDM stakeholders in India, assesses risk perspectives of CDM projects and provides suggestions for approaches …
Persistent link: https://www.econbiz.de/10010295380
potential international markets for greenhouse gases offsets through the CDM and facilitate implementation of CDM in India, a … livestock sector, in particular has not been included in the ambit of NSS, although in India total emissions of methane from … in the dairy sector in India, estimates the cost of various methane mitigation strategies in the sector and highlights …
Persistent link: https://www.econbiz.de/10010295406
climatic zones across India leads to energy use per m2 which is 3-4 times of the German average. We assess the potential to …
Persistent link: https://www.econbiz.de/10010295422
It is often assumed that recent success in the high-technology software industry will lead India's development. However … development pattern in India. …
Persistent link: https://www.econbiz.de/10010321626