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Estimating a structural model of herd behavior in financial markets
Cipriani, Marco; Guarino, Antonio - Federal Reserve Bank of New York - 2012
, rational herding arises because of information-event uncertainty. We estimate the model using 1995 stock market data for …
Persistent link: https://www.econbiz.de/10010552106
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The relationship between expected inflation, disagreement, and uncertainty: evidence from matched point and density forecasts
Rich, Robert; Tracy, Joseph - Federal Reserve Bank of New York - 2006
analyze the relationship between expected inflation, disagreement, and uncertainty. We extend previous studies through our … data construction and estimation methodology. Specifically, we derive measures of disagreement and uncertainty by using a … decomposition proposed in earlier research by Wallis and by applying the concept of entropy from information theory. We also …
Persistent link: https://www.econbiz.de/10005420680
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rational inattention
Wiederholt, Mirko - Palgrave Macmillan
Economists have studied for a long time how decision-makers allocate scarce resources. The recent literature on rational inattention studies how decision-makers allocate the scarce resource attention. The idea is that decision-makers have a limited amount of attention and have to decide how to...
Persistent link: https://www.econbiz.de/10009395648
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Information ambiguity: recognizing its role in financial markets
Hu, Jie - In: Economic Review (1994) Jul, pp. 11-21
Persistent link: https://www.econbiz.de/10005361021
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On risk, rational expectations, and efficient asset markets
Stevens, Guy V.G.; Akbarian, Dara - Federal Reserve Board (Board of Governors of the … - 1994
portfolio size and degree of risk aversion of potential investors, the ability to borrow, and the hedging opportunities provided …
Persistent link: https://www.econbiz.de/10005368265
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Information systems for risk management
Gibson, Michael S. - Federal Reserve Board (Board of Governors of the … - 1997
Risk management information systems are designed to overcome the problem of aggregating data across diverse trading … units. The design of an information system depends on the risk measurement methodology that a firm chooses. Inherent in the … design of both a risk management information system and a risk measurement methodology is a tradeoff between the accuracy of …
Persistent link: https://www.econbiz.de/10005368299
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OVERVIEW OF THE RELEVANT INDICATORS OF DEFAULTED AND NON-DEFAULTED COMPANIES AND POSSIBILITIES OF IMPROVEMENT FOR THE RATING SYSTEMS USED BY THE ROMANIAN COMMERCIAL BANKS
Ildiko, Kovacs; Henrietta, Doczi; Attila, Erdely; … - In: Annals of Faculty of Economics 1 (2011) 2, pp. 413-418
Since the beginning of the financial and economic crises many news came to light which discussed the increasing number of non-performing loans, and the fact that as a result of the company break-downs, the bank portfolios have also gone worse and worse. In this paper our goal is to find out...
Persistent link: https://www.econbiz.de/10009650852
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Islamic banks and conventional banks within the recent global financial crisis: empirical evidence from the GCC region
Kolsi, Mohamed Chakib; Zehri, Fatma - In: International Journal of Financial Services Management 7 (2014) 3/4, pp. 196-218
The current global financial crisis has revealed many failures of the conventional banking system. However, this context of turbulences has presented the Islamic banking system with a great opportunity to introduce its fundamental methods and principles inspired from the Islamic Shariah law. The...
Persistent link: https://www.econbiz.de/10010944801
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Uncertainty and economic analysis of climate change : a survey of approaches and findings.
Peterson, Sonja - Kiel Institute for the World Economy - 2006
frameworks and techniques for analyzing climate policy in the context of uncertainty. This paper will give an overview of …
Persistent link: https://www.econbiz.de/10008520164
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THE POTENTIAL OF THE EQUITY WORKING CAPITAL IN THE PREDICTION OF BANKRUPTCY
Daniel BRÎNDESCU – OLARIU - In: Management Intercultural (2014) 31, pp. 25-32
The current study evaluates the potential of the equity working capital in predicting corporate bankruptcy. The population subjected to the analysis included all companies form Timis County (largest Romanian County) with yearly sales of over 10000 lei. The interest for the equity working capital...
Persistent link: https://www.econbiz.de/10011079414