theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional … theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and … extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for …

This paper examines the role of bank lending channel of monetary policy in India during the global financial crisis …, especially following the collapse of Lehman Brothers in late 2008. Contrary to popular perceptions, and in contrast to the USA …, this paper shows that following the Reserve Bank of India's aggressive monetary easing measures, bank credit growth in …

. Restrictive monetary periods are characterised by high bank lending growth compared with expansive monetary periods. Therefore, if … environments. Consistent with this intuition, empirical tests here highlight that expected stock returns in the USA are driven by …

effects. Although our theory contains no money illusion, no permanent nominal rigidities, and no departure from rational …

Ergebnisse zeigen, dass die betriebliche Entscheidung für eine naturschutzfachliche Optimierung abhängig ist von der …