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Resampling DEA estimates of investment fund performance

Lamb, John D.; Tee, Kai-Hong - In: European Journal of Operational Research 223 (2012) 3, pp. 834-841

Data envelopment analysis (DEA) is attractive for comparing investment funds because it handles different characteristics of fund distribution and gives a way to rank funds. There is substantial literature applying DEA to funds, based on the time series of funds’ returns. This article looks at...

Persistent link: https://www.econbiz.de/10010580816

Anatomy and Lessons of the Global Financial Crisis

Móczár, József - In: Public Finance Quarterly 55 (2010) 4, pp. 753-775

Emerging countries’ and particularly China's savings in the U.S. money market financed the U.S. overconsumption in the 2000s, which eventually led to the global financial crisis. The real estate mortgage market was the starting point. Non-equilibrium processes have been launched in the U.S....

Persistent link: https://www.econbiz.de/10010826238

The Great Rebalancing Act; Can Investment Be a Lever in Asia?

International Monetary Fund (IMF); International … - 2011

Ensuring stable growth in the postcrisis world economy will require a rebalancing of economic activity in several countries. In Asiaâ€™s export-dependent economies, this entails relying more on private domestic demand as a driver of growth. While some countries need to raise consumption,...

Persistent link: https://www.econbiz.de/10008839325

Monaco; Technical Note on IOSCO Objectives and Principles of Securities Regulation: Update

International Monetary Fund (IMF); International … - 2008

This Technical Note reviews the International Organization of Securities Commissions’s (IOSCO) Objectives and Principles of Securities Regulation for Monaco. It reveals that overall, there has been progress in implementing the Offshore Financial Center assessment recommendations in most areas...

Persistent link: https://www.econbiz.de/10011242717

Vietnam; Statistical Appendix

International Monetary Fund (IMF); International … - 2007

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

Persistent link: https://www.econbiz.de/10011243401

French investment funds during the crisis (2008-2012)

A.-N. Bouloux.; G. Fourel. - In: Quarterly selection of articles - Bulletin de la Banque … (2013) 30, pp. 45-69

At end-2012, net assets held by French investment funds stood at a slightly higher level than at end-2008: France remained in second place for investment funds in the euro area.

Persistent link: https://www.econbiz.de/10010699567

INVESTMENT FUNDS IN RELATION WITH SPONSORS, INVESTORS AND PORTFOLIO COMPANIES

RADU, Ioana; student, Phd. - In: Ovidius University Annals, Economic Sciences Series X (2010) 1, pp. 1803-1806

The paper presents a briefly description of the main relations that can be encountered in the functionality of the investment fund with its participants – fund & sponsors, fund & investors, fund & portfolio companies. These three perspectives allow identifying the key role of the investment...

Persistent link: https://www.econbiz.de/10008855079

The effect of policyholders' rationality on unit-linked life insurance contracts with surrender guarantees

Li, Jing; Szimayer, Alexander - 2010

We study the valuation of unit-linked life insurance contracts with surrender guarantees. Instead of solving an optimal stopping problem, we propose a more realistic approach accounting for policyholders’ rationality in exercising their surrender option. The valuation is conducted at the...

Persistent link: https://www.econbiz.de/10010293371

Institutional Herding in Bond Markets

Oehler, Andreas; Chao, George Goeth-Chi - 2000

Recent research has shown that institutional herding is a relevant phenomenon in stock markets. Do institutional investors also follow each other in bond markets? This paper focuses on the German bond market and uses data from 57 German mutual funds that invest mainly in DM-denominated bonds,...

Persistent link: https://www.econbiz.de/10010296584

Kosten der privaten Altersvorsorge: Private Rentenversicherungen und Fondssparpläne im Vergleich

Westerheide, Peter - 2001

Ansparen in Investmentfonds mit gleicher durchschnittlicher Renditeerwartung vor Kosten, wie sie private Rentenversicherungen … bieten, und den hier unterstellten Kosten für aktienorientierte Investmentfonds aus Kostensicht nicht immer effizient ist …. Sofern aktienorientierte Investmentfonds jedoch im langfristigen Durchschnitt höhere Renditen vor Kosten erwirtschaften …

Persistent link: https://www.econbiz.de/10010297736