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Indeterminacy of rational expectations equilibria in sequential financial markets

Donati, Paola - 2003

We provide a general characterization of the structure of rational expectations equilibria of any degree of revelation for pure exchange, sequential economies, with deffinitely many states of private information, an incomplete financial market and nominal assets. We estimate the dimension of the...

Persistent link: https://www.econbiz.de/10009635915

Multimarket trading and the cost of debt

Petrasek, Lubomir - 2010

significant liquidity and price advantage over comparable domestic bonds. On average, global bonds trade at yields 15 to 25 basis …

Persistent link: https://www.econbiz.de/10009640328

Interpreting implied risk-neutral densities

Hördahl, Peter; Vestin, David - 2003

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...

Persistent link: https://www.econbiz.de/10009635905

Exchange rates and fundamentals

Engel, Charles; West, Kenneth David - 2003

analytically that in a rational expectations present value model, an asset price manifests near random walk behavior if …

Persistent link: https://www.econbiz.de/10009635953

International equity flows and returns

Albuquerque, Rui; Bauer, Gregory H.; Schneider, Martin - 2004

This paper considers the role of foreign investors in developed-country equity markets. It presents a quantitative model of trading that is built around two new assumptions: (i) both the foreign and domestic investor populations contain investors of different sophistication, and (ii) investor...

Persistent link: https://www.econbiz.de/10009636533

Exchange rate risks and asset prices in a small open economy

Derviz, Alexis - 2004

exchange rate is unobserved, and an additional equation that links this autarchic currency price with the FX order flow. The …

Persistent link: https://www.econbiz.de/10009636537

Further study on the affordability of alcoholic beverages in the EU ; A focus on excise duty pass-through, on- and off-trade sales, price promotions and pricing regulations LILA

Rabinovich, Lila (contributor); Hunt, Priscillia (contributor) - Directorate General for Health & Consumers; RAND Europe - 2012

Persistent link: https://www.econbiz.de/10009641224

The affordability of alcoholic beverages in the European Union ; Understanding the link between alcohol affordability, consumption and harms ; Technical report

Rabinovich, Lila (contributor); … - Directorate General for Health & Consumers; RAND Europe - 2009

Persistent link: https://www.econbiz.de/10009641225

Study on price transmission in the sugar sector

Maurizio Aragrande; Enrica Gentile; Mauro Bruni - Areté srl - 2012

assess the influence of the 2006 reform of the EU sugar regime on price transmission in the sugar sector. The investigations … to be carried out had to focus on the different types of transmission of price changes, studying the reasons for any … uneven or asymmetric price transmission between sugar producers and final consumers, and taking into account the intermediate …

Persistent link: https://www.econbiz.de/10011439219

An empirical analysis of price setting behaviour in the Netherlands in the period 1998-2003 using micro data

Jonker, Nicole; Folkertsma, Carsten; Blijenberg, Harry - 2004

with monthly price quotes of 49 articles, representing different product types. We have conducted this study in order to …

Persistent link: https://www.econbiz.de/10009639473

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