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Using Gateuax dierentials we study how the value of a stream of cash flows is changed as the forward rate curve changes. Using this approach we are able to derive an alternative to the standard method of duration matching, and we argue why it better than ordinary duration matching. We also solve...
Persistent link: https://www.econbiz.de/10010818618
We develop alternative models for hedging yield curve risk and test them by hedging US Treasury bond portfolios through note/bond futures. We show that traditional implementations of models based on principal component analysis, duration vectors and key rate duration lead to high exposure to...
Persistent link: https://www.econbiz.de/10008922898
Persistent link: https://www.econbiz.de/10008925154
The Corporation has decided to implement various schemes for females within the framework of its obligatory and discretionary functions as laid down in the M.M.C. Act. A step towards it, is a separate provision in the Budget Estimates for the year 2011-12. This provision is to be utilized for...
Persistent link: https://www.econbiz.de/10009002260
As the new millennium dawns, a number of factors have conspired to make the outlook for global immunisation truly promising. These include private philanthropy aiming to raise immunisation rates in developing countries; a real head of steam behind the global poliomyelitis eradication campaign;...
Persistent link: https://www.econbiz.de/10009189108
What are the effects of childhood immunization program (UIP) on women's fertility and birth spacing? I examine the … effect of this immunization program on women's subsequent fertility and birth spacing by exploiting district …-by-cohort variation in exposure to the program. The results indicate that exposure of the first-born child to the immunization program …
Persistent link: https://www.econbiz.de/10008756294
In the mid-1980s, the Indian government embarked on one of the largest childhood immunization programs …-called "Universal Immunization Program" (UIP)in order to reduce the high mortality and morbidity among children. I examine the effect of … this immunization program on child mortality and educational attainment by exploiting district-by-cohort variation in …
Persistent link: https://www.econbiz.de/10008756307
We introduce new measures of immunization such as exponential duration referring, in particular, to Fong and Vasièek [7 …
Persistent link: https://www.econbiz.de/10008777193
different times in the future. This immunization approach can accommodate a variety of non-parallel yield curve behaviours. In a …
Persistent link: https://www.econbiz.de/10008674482
Malawi has made great progress in improving maternal and child health (MCH). Under-five mortality declined from 244 to 71 deaths per 1,000 live births between 1990 and 2012, and maternal mortality declined from 1,100 to 510 maternal deaths per 100,000 live births between 1990 and 2013. This note...
Persistent link: https://www.econbiz.de/10011171475