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Does Nepal's financial structure matter for economic growth?
Ram Sharan Kharel; Pokhrel, Dilli Ram - In: NRB economic review 24 (2012) 2, pp. 31-46
Persistent link: https://www.econbiz.de/10009686785
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Venture Capital and the Diffusion of Knowledge
Gonzalez-Uribe, Juanita - 2014
I estimate the impact of venture capital (VC) on knowledge diffusion by comparing patent citations before and after companies secure VC. I find that a patent's citations increase following VC financing, particularly those made by other companies also financed by the same VC investor....
Persistent link: https://www.econbiz.de/10013057590
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Positive liquidity spillovers from sovereign bond-backed securities
Dunne, Peter G. - 2018
There are competing arguments about the likely effects of Sovereign Bond-Backed Securitisation on the liquidity of sovereign bond markets. By analysing hedging and diversification opportunities, this paper shows that positive liquidity spillovers would dominate or at least constrain the extent...
Persistent link: https://www.econbiz.de/10011848364
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UNISWAP : Impermanent Loss and Risk Profile of a Liquidity Provider
Aigner, Andreas A.; Dhaliwal, Gurvinder - 2021
Uniswap is a decentralized exchange (DEX) and was first launched on November 2, 2018 on the Ethereum mainnet [1] and is part of an Ecosystem of products in Decentralized Finance (DeFi). It replaces a traditional order book type of trading common on centralized exchanges (CEX) with a...
Persistent link: https://www.econbiz.de/10013220350
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A parametric factor model of the term structure of mortality
Haldrup, Niels; Rosenskjold, Carsten P. T. - In: Econometrics : open access journal 7 (2019) 1/9, pp. 1-22
The prototypical Lee-Carter mortality model is characterized by a single common time factor that loads differently across age groups. In this paper, we propose a parametric factor model for the term structure of mortality where multiple factors are designed to influence the age groups...
Persistent link: https://www.econbiz.de/10012025646
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The present value model of U.S. stock prices revisited : long-run evidence with structural breaks, 1871-2012
Esteve García, Vicente; Navarro Ibáñez, Manuel; … - 2017
regression models, 2010) as well as the cointegration tests developed in Arai and Kurozumi (Testing for the null hypothesis of … cointegration with a structural break, 2007) and Kejriwal (Cointegration with structural breaks: an application to the Feldstein …- Horioka Puzzle, 2008). The results obtained are consistent with the existence of linear cointegration between the log stock …
Persistent link: https://www.econbiz.de/10011745419
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Chapter 11 Forecasting with Trending Data
Elliott, Graham - 2006
models as well as examine the effects of erroneously assuming cointegration. It is shown that inconclusive theoretical … imposing cointegration can be more or less useful for different horizons. The problem of forecasting variables with trending …
Persistent link: https://www.econbiz.de/10014023695
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Foreign exchange market interventions and the $-¥ exchange rate in the long run
Beckmann, Joscha; Belke, Ansgar; Kühl, Michael - 2013
This paper tries to clarify the question of whether foreign exchange market interventions conducted by the Bank of Japan are important for the dollar-yen exchange rate in the long run. Our strategy relies on a re-examination of the empirical performance of a monetary exchange rate model. This is...
Persistent link: https://www.econbiz.de/10010255146
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Periodically collapsing bubbles in stock prices cointegrated with broad dividends and macroeconomic factors
Fu, Man; Bidarkota, Prasad V. - In: Journal of risk and financial management : JRFM 4 (2012) 1, pp. 97-132
output gap shows evidence of cointegration in the DJIA and S&P 500 index data. Nonetheless, a sup augmented Dickey …
Persistent link: https://www.econbiz.de/10011555939
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An agent-based model for secular stagnation in the USA: theory and empirical evidence
Borsato, Andrea - 2021
with increases in capital accumulation. Finally, the panel cointegration analysis based on US manufacturing industries …
Persistent link: https://www.econbiz.de/10012497056