. "Synchronism" refers to both an epistemological and practical approach that addresses finance neither with a view to the past nor … traced back to certain developments in economic theory since the so-called "marginalist revolution", which enabled the …

We examine the implications of arbitrage in a market with many assets. The absence of arbitrage opportunities implies …

We examine the implications of arbitrage in a market with many assets. The absence of arbitrage opportunities implies …

Efficiency in the capital markets requires that capital flows are sufficient to arbitrage anomalies away. We examine … performance of this strategy. When these flows are high, quant funds are able to implement arbitrage strategies more effectively …-sectional equity market efficiency varies across time with the availability of arbitrage capital …

' result. Hence only a principal components analysis is needed to test the arbitrage pricing theory. Our eigenvalue conditional …We examine the implications of arbitrage in a market with many assets. The absence of arbitrage opportunities implies …

. This research assess if it is possible successfully use interest rates sensitivity arbitrage in bond portfolio (also known … as convexity arbitrage) in financial praxis. This arbitrage is sparsely described in literature and an assessment about … its practical success is missing. Research methodology - Methodology steps: mathematical definition of given arbitrage …

' result. Hence only a principal components analysis is needed to test the arbitrage pricing theory. Our eigenvalue conditional …We examine the implications of arbitrage in a market with many assets. The absence of arbitrage opportunities implies …

In a one price economy, the Fundamental Theorem of Asset Pricing (FTAP) establishes that no-arbitrage is equivalent to … the hyperplane that separates the attainable gain subspace and the convex cone representing arbitrage opportunities … anymore. We use convex optimization, and the conic property of this region to characterize the "no-arbitrage" principle in …

This is Part III of a series of papers which focus on a general framework for portfolio theory. Here, we extend a … general framework for portfolio theory in a one-period financial market as introduced in Part I [Maier-Paape and Zhu, Risks … approach, the “modular portfolio theory”, which is built from the interaction among four related modules: (a) multi period …