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the pricing of European-style foreign currency options and for the volatility strike structure implicit in these contracts … is devoloped. The curvature of the volatility strike structure is explained by focusing attention on the expected … characteristic convex shape of volatility strike structures documented in the empirical literature. A volatility-based test for …
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In this article, the authors present updated trade elasticities - measures of how much imports and exports change in response to income and price changes - for the U.S. and six other industrialized countries, collectively known as the Group of Seven. They find that the imports and exports of...
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