Purpose – The purpose of this research is to develop and test a mathematical method of deriving zero yield curve from market prices of government bonds. Design/methodology/approach – The method is based on a forward curve approximated by a linear (or piecewise constant) spline and should be...

Purpose – The purpose of this research is to develop and test a mathematical method of deriving zero yield curve from market prices of government bonds. Design/methodology/approach – The method is based on a forward curve approximated by a linear (or piecewise constant) spline and should be...

The purpose of this paper is to explore econometrically the interactions between domestic investment and various types of capital inflows. We estimate these interactions using an international panel data set of sixty-four countries for the period 1976-1997. Interaction exists, especially in the...

Mutual funds grant retail investors access to professional asset management and facilitate exposure to financial markets. The academic literature and regulators have traditionally focused on issues such as portfolio diversification, performance, liquidity, and management fees in attempts to...

Financial crime, often referred to as “white-collar” crime, is a severe issue all around the world. A recent FBI survey found that in the preceding twelve months, approximately one in every four United States citizens had fallen victim to financial crime in one form or another (fraud, money...