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The scarcity value of Treasury collateral: Repo market effects of security-specific supply and demand factors
D'Amico, Stefania; Fan, Roger; Kitsul, Yuriy - 2013
of all the outstanding U.S. Treasury securities. Our results indicate the existence of an economically and statistically … significant scarcity premium, especially for shorter-term securities. The estimated scarcity effect is quite persistent, seems to … be reflected in the Treasury market prices, and could in part explain the flow-effects of the Fed's asset purchase …
Persistent link: https://www.econbiz.de/10010352183
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Disentangling euro area portfolios: New evidence on cross-border securities holdings
Rousová, Linda; Rodríguez Caloca, Antonio - 2018
indicators are based on granular data from securities holdings statistics and help us disentangle the main drivers of the … area banks significantly decreased their investment in debt securities issued by banks in other euro area countries and … flight from government debt securities, a trend that has since reversed. …
Persistent link: https://www.econbiz.de/10011985259
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The Effectiveness of Investing in Stock Exchange Markets in Central and Eastern European Countries with Regard to NYSE2‑LSE‑HKSE2. a Comparative Risk Analysis
Pera, Jacek - In: Comparative Economic Research. Central and Eastern Europe 22 (2019) 2, pp. 121-140
The aim of this paper is to assess the effectiveness and risk in the stock exchange market in Central and Eastern Europe countries (CEE) in view of the largest stock exchanges: NYSE2-LSE-HKSE2. The implementation of this objective was based on an analysis of basic stock market indicators and a...
Persistent link: https://www.econbiz.de/10013204600
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Fundamental analysis and discoiunted free cash flow valuation of stocks at Macedonian Stock Exchange
Ivanovski, Zoran; Ivanovska, Nadica; Narasanov, Zoran - In: UTMS Journal of Economics 5 (2014) 1, pp. 11-24
We examine the valuation performance of Discounted Free Cash Flow Model (DFCF) at the Macedonian Stock Exchange (MSE … find that stock values calculated with DCF model are very close to average market prices which suggests that market prices … average market stock prices suggest that discounted cash flow model is relatively reliable valuation tool that have to be used …
Persistent link: https://www.econbiz.de/10010435953
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Application of dividend discount model valuation at Macedonian Stock Exchange
Ivanovski, Zoran; Ivanovska, Nadica; Narasanov, Zoran - In: UTMS Journal of Economics 6 (2015) 1, pp. 147-154
research is to examine if DDM models offer relevant and safe valuation of long-term securities at Macedonian Stock Exchange … prices and to determine basic parameters for implementation of valuation on Macedonian financial market. We find that DDM …
Persistent link: https://www.econbiz.de/10011533023
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Application of dividend discount model valuation at Macedonian Stock Exchange
Ivanovski, Zoran; Ivanovska, Nadica; Narasanov, Zoran - In: UTMS journal of economics / University of Tourism and … 6 (2015) 1, pp. 147-154
research is to examine if DDM models offer relevant and safe valuation of long-term securities at Macedonian Stock Exchange … prices and to determine basic parameters for implementation of valuation on Macedonian financial market. We find that DDM …
Persistent link: https://www.econbiz.de/10011298772
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Fundamental analysis and discoiunted free cash flow valuation of stocks at Macedonian Stock Exchange
Ivanovska, Nadica; Ivanovski, Zoran; Narasanov, Zoran - In: UTMS journal of economics / University of Tourism and … 5 (2014) 1, pp. 11-24
We examine the valuation performance of Discounted Free Cash Flow Model (DFCF) at the Macedonian Stock Exchange (MSE … find that stock values calculated with DCF model are very close to average market prices which suggests that market prices … average market stock prices suggest that discounted cash flow model is relatively reliable valuation tool that have to be used …
Persistent link: https://www.econbiz.de/10010438182
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Catering to Investors through Security Design : Headline Rate and Complexity
Celerier, Claire - 2019
This study investigates how banks design financial products to cater to yield-seeking investors. We focus on a large market of investment products targeted exclusively at households: retail structured products. These products typically offer a high return under their best-case scenario --the...
Persistent link: https://www.econbiz.de/10012905291
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The effectiveness of investing in stock exchange markets in Central and Eastern European Countries with regard to NYSE2-LSE-HKSE2 : a comparative risk analysis
Pera, Jacek - In: Comparative economic research : Central and Eastern Europe 22 (2019) 2, pp. 121-140
The aim of this paper is to assess the effectiveness and risk in the stock exchange market in Central and Eastern Europe countries (CEE) in view of the largest stock exchanges: NYSE2‑LSE‑HKSE2. The implementation of this objective was based on an analysis of basic stock market indicators and...
Persistent link: https://www.econbiz.de/10012024103
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Disentangling euro area portfolios : new evidence on cross-border securities holdings
Rousová, Linda; Rodríguez Caloca, Antonio - 2018
indicators are based on granular data from securities holdings statistics and help us disentangle the main drivers of the … area banks significantly decreased their investment in debt securities issued by banks in other euro area countries and … flight from government debt securities, a trend that has since reversed. …
Persistent link: https://www.econbiz.de/10011857118