Showing 51 - 60 of 371
We examine an impartant aspect of emprical estimation of term structure models; the role of conditioning information in dynamic term structure models. The use of both real world or simulated data implicitly incorporates conditioning information. We examine the bias created in estimating the...
Persistent link: https://www.econbiz.de/10005139017
Persistent link: https://www.econbiz.de/10005229128
Persistent link: https://www.econbiz.de/10005161282
The current practice of central banks lending gold to gold producers allows the gold leasing rate to be derived from published data. Gold leasing rates, a potential measure of real world interest rates, are calculated and compared with real interest rates derived from U.K. index-linked gilts....
Persistent link: https://www.econbiz.de/10005266967
Using the idea of stochastic dominance, the long-run post-merger stock performance of UK acquiring firms is studied. Performance is compared by using the entire distribution of returns rather than only the mean as in traditional event studies. The main results are as follows: First, it is found...
Persistent link: https://www.econbiz.de/10005278411
Persistent link: https://www.econbiz.de/10005201081
Persistent link: https://www.econbiz.de/10001439629
Persistent link: https://www.econbiz.de/10001387704
Persistent link: https://www.econbiz.de/10001184050
Persistent link: https://www.econbiz.de/10001184713