Remarks at United States Military Academy at West Point, West Point, New York.

Remarks at United States Military Academy at West Point, West Point, New York.

Because the subprime mortgage market is relatively new, the fallout of interest rate adjustments is unclear. Subprime mortgage borrowers may be at risk if interest rates rise.

We examine whether hedging effectiveness is affected by asymmetry in the return distribution by applying tail specific metrics to compare the hedging effectiveness of short and long hedgers using crude oil futures contracts. The metrics used include Lower Partial Moments (LPM), Value at Risk...

In this paper the author formulates and tests an international intertemporal capital asset pricing model in the presence of deviations from purchasing power parity (II-CAPM [PPP]). He finds evidence in favor of at least mild segmentation of international equity markets in which only global...