With the “Agreement of Geneva” the dispute about the banana imports over 15 years seems to come to an end. The liberalisation caused by this agreement will have a substantial impact on the international banana market. In order to estimate the possible effects and measures to be implemented...

This paper examine differences between risk-neutral and objective probability densities of future interest rates. The identification and quantification of these differences are important when risk-neutral densities (RNDs), such as option-implied RNDs, are used as indicators of actual beliefs of...