Home » Search

Search

Search results

PDF Ebook Option Trading and Oil Futures Markets

... agents to hedge against short-term price risks. The NYMEX is also a reading mechanism ior oil price discovery in the short term. ... ( a price is rigidly fixed from then on no matter what the market does afterwards). These features have induced some ... complement Tutures contracts and Section VI1 describes the present NYMEX crude oil option contract. As crude oil options have just started ...

Story - antoq - 10/18/2010 - 13:46 - 155 comments - 0 attachments

Ebook Heterogeneous Gain Learning and the Dynamics of Asset Prices

... a new market model contin-uing in this tradition. It is designed with learning mechanisms that are simple enough for easier analysis ... emerged. One extreme of agent-based financial markets is what is known as a “few type” model where the number of potential trading ...

Story - puput - 01/08/2011 - 07:20 - 0 comments - 0 attachments

Ebook International Differences in the Cost of Equity Capital: Do Legal Institutions and Securities Regulation Matter?

... on the risk premium demanded by investors. Thus, it is still an open question whether the quality of legal institutions manifests ... the institutional variables. We further investigate to what extent the effect of legal institutions and disclosure regulation differs ...

Story - puput - 10/11/2010 - 06:35 - 0 comments - 0 attachments

Ebook Liquidity Risk of Corporate Bond Returns

... asset prices, they all have one common feature which is that their analysis has been unconditional in nature. In contrast, casual ... continue to exhibit a strong regime-switching pattern. What is the economic significance of these findings? We claim that the evidence ...

Story - wulan - 11/16/2009 - 07:54 - 0 comments - 0 attachments

Ebook Looking Inside a Conglomerate: Efficiency of Internal Capital Allocation and Managerial Power Within a Firm

... capital expenditure budgets and thus invest more? Or is it possible that they receive higher budgets simply because they are run by ... from a single firm. Motivated by this approach, we study what happens in the internal capital market of a large international ...

Story - puput - 10/12/2010 - 08:58 - 0 comments - 0 attachments


PDF Ebook Driven into Debt: CFA Car Title Loan Store and Online Survey

Submitted by antoq on Tue, 12/22/2009 - 07:05

Cash loans, variously called car title pawn, car title loans, title pledge loans, or motor vehicle equity lines of credit, are the latest, fast-growing form of high cost, high risk loans targeting cash strapped American consumers. Storefront and online lenders advance a few hundred to a few thousand dollars based on the titles to paid-for vehicles. Loans are usually for a fraction of the vehicle’s value and must be repaid in a single payment at the end of the month. Loans are made without consideration of ability to repay, resulting in many loans being renewed month after month to avoid repossession. Like payday loans, title loans charge triple digit interest rates, threaten a valuable asset, and trap borrowers in a cycle of debt.

In April, the Center for Responsible Lending and Consumer Federation of America issued a report titled “Car Title Lending: Driving Borrowers to Financial Ruin.”1 The report described the characteristics and risks of car title lending, the industry, customers, and tactics used to circumvent consumer protections in the small loan market. In addition, the CRL/CFA report proposed a framework of stringent protections necessary to safeguard consumers.

»

Posted in :

Ebook Foreign Direct Investments and Exchange Rate Volatility in the EMU Neighbourhood Countries

Submitted by wulan on Wed, 06/23/2010 - 07:24

The case for Foreign Direct Investments (FDI) is particularly compelling in transition economies. The need for extensive enterprise restructuring and modernization in view of limited domestic resources creates an environment where the potential benefits of FDI are especially valuable. Furthermore, transition economies are well suited to benefit from inflow of technology and knowledge associated with FDI: they are relatively developed and have a highly educated labour force.

As a result, attracting FDI has become a prominent goal on the policy agenda, especially in transition economies, and research on the determinants of FDI has been expanding rapidly. While the literature has addressed many aspects of the determinants of foreign direct investment, it does not consider the role of the exchange rate and the role of Euro as anchor currency.

»

Posted in :

Ebook Parasitic Power Harvesting in Shoes

Submitted by antoq on Thu, 01/08/2009 - 08:58

As wearable electronic devices evolve and proliferate, there will be a growing need for more power delivery to distributed points around the human body. Today, much of that storage is provided by batteries and power delivery is via wires. The current approach to power distribution is clearly becoming problematic -- as more appliances are carried, we are forced to either use more small batteries that require replacement everywhere or run wires through our clothing to supply appliances from a central power source.

»

Posted in :