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We develop new Monte Carlo techniques based on stratifying the stock's hitting-times to the barrier for the pricing and … Delta calculations of discretely-monitored barrier options using the Black-Scholes model. We include a new algorithm for …
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This Paper uses 67 measures of trade policy and trade liberalization to ask if membership in the World Trade Organization (WTO) and its predecessor the General Agreement on Tariffs and Trade (GATT) is associated with more liberal trade policy. Almost no measures of trade policy are significantly...
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The Clean Development Mechanism, a provision of The Kyoto Protocol, allows countries that have pledged to reduce their greenhouse gas emissions to gain credit toward their treaty obligations by investing in projects located in developing (host) countries. Such projects are expected to benefit...
Persistent link: https://www.econbiz.de/10005133881
Despite possessing a very large potential of renewable energy sources, Australia has lagged behind other developed countries in embracing renewable energy. Various programs and policies have been devised and implemented by Australian governments. Nevertheless, the proportion of renewable energy...
Persistent link: https://www.econbiz.de/10010804490
The international cultural trade is a topic that causes hot disputes between countries and even integrationist organizations. The main cause is the different approach toward the value and the role of the cultural goods and services. On the one hand, there is the protectionism, supported by...
Persistent link: https://www.econbiz.de/10010778606
This paper examines a path-dependent contingent claim called the window double barrier option, including standard but …
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