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Trade and Integration of the US and China’s Cotton Markets

Ge, Yuanlong; Wang, H. Holly; Ahn, Sung K. - Agricultural and Applied Economics Association - AAEA - 2007

The cotton market in China is highly interactive with international markets, especially, the US market. The prices in these two markets can reveal important market relations. Investigating the data of futures prices from the New York Board of Trade (NYBOT) and the Zhengzhou Commodity Exchange...

Persistent link: https://www.econbiz.de/10005038951

An Alternative Methodology for Estimating Credit Quality Transition Matrices

Gómez, Jose Eduardo; Acevedo, Paola Morales; Pineda, … - BANCO DE LA REPÚBLICA - 2007

Financial institutions use credit ratings to express their risk perception abouttheir clients. Credit ratings feed their internal credit scoring models, allowingthem to evaluate the current state of the quality of their balances and to calcu-late the reserves required to provision their loan...

Persistent link: https://www.econbiz.de/10005597700

Evidence of non-Markovian behavior in the process of bank rating migrations

Gómez-Gonzalez, José E.; Kiefer, Nicholas M. - BANCO DE LA REPÚBLICA - 2007

This paper estimates transition matrices for the ratings on nancial insti-tutions, using an unusually informative data set. We show that the processof rating migration exhibits signicant non-Markovian behavior, in the sensethat the transition intensities are a¤ected by macroeconomic and...

Persistent link: https://www.econbiz.de/10005466419

Evidence of non-Markovian behavior in the process of bank rating migrations

González, José E. Gómez; Kiefer, Nicholas M. - BANCO DE LA REPÚBLICA - 2007

This paper estimates transition matrices for the ratings on financial insti-tutions, using an unusually informative data set. We show that the process of rating migration exhibits significant non-Markovian behavior, in the sense that the transition intensities are affected by macroeconomic and...

Persistent link: https://www.econbiz.de/10005466433

Modeling Indian Wheat and Rice Sector Policies

Kozicka, Marta; Kalkuhl, Matthias; Saini, Shweta; … - Agricultural and Applied Economics Association - AAEA - 2014

strong impact of the policy measures on the production, procurement, stocks and trade. We detected several market distortions … storage losses for rice (10%) than for wheat (2%). Strong crowding out effects of the public stocks on private stocks and … negative impact of export restrictions on private ending stocks was found. Total exports are highly distorted by the trade …

Persistent link: https://www.econbiz.de/10011069013

AN ECONOMIC ANALYSIS OF A FOOD SECURITY COMMODITY RESERVE: COMMODITY VS. CASH

Young, C. Edwin; Westcott, Paul C.; Hoffman, Linwood A.; … - Agricultural and Applied Economics Association - AAEA - 1999

The cost of operating the Food Security Commodity Reserve as a commodity reserve was compared with the cost of a cash reserve to purchase food aid supplies only in the period of need. Preliminary simulation results reveal the cash reserve to be less costly in almost all cases.

Persistent link: https://www.econbiz.de/10005525904