Narrow search
Showing 1 - 10 of 862
Cover Image
Financial crises, asymmetric information and argumentation
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2011
This paper aims to explore the relevance of the Asymmetric Information and the Theory of Argumentation TA in the complex area of financial crises. Specifically, we investigated the scope of the phenomenon of persuasion in advertising. It examines advertisements in publications notable economic...
Persistent link: https://www.econbiz.de/10009372566
Cover Image
Fragments on black swan: money, credit and finance in The Arcades Project of Walter Benjamin
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010
The main objective of this paper is to present a reading of The Arcades Project by Walter Benjamin in the context of the financial crisis, in particular, reflect from a few fragments of Benjamin's work appear to lie around a Black Swan. The recovery of the fragments of The Arcades seems...
Persistent link: https://www.econbiz.de/10008622248
Cover Image
Theory of argumentation in financial markets
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010
This paper aims to explore the relevance of the Theory of Argumentation TA in the complex area of financial reporting. Specifically, we investigated the scope of the phenomenon of persuasion in advertising. It examines advertisements in publications notable economic movement in Colombia. The...
Persistent link: https://www.econbiz.de/10008636520
Cover Image
Does Uncertainty Affect Investment Expenditure? A Comment
Cantillo, Andres - Volkswirtschaftliche Fakultät, … - 2011
This is a theoretic and econometric assessment of Peter Ferderer’s seminal paper published in the Journal of Post Keynesian Economics with the same title in 1993. New data shows that high forecaster discords coincide with a decrease in Investment expenditure. Specifically, the forecaster...
Persistent link: https://www.econbiz.de/10011156960
Cover Image
Strategic Asset Allocation for Central Bank’s Management of Foreign Reserves: A new approach
Zhang, Zhichao; Chau, Frankie; Xie, Li - Volkswirtschaftliche Fakultät, … - 2012
This paper proposes a new approach to strategic asset allocation for central banks’ management of foreign reserves. This eclectic approach combines the behavioural portfolio management in the framework of mean-variance mental accounting (MVMA) with the improvements on asset return forecast...
Persistent link: https://www.econbiz.de/10011258840
Cover Image
Probabilistic Opinion Pooling
Dietrich, Franz; List, Christian - Volkswirtschaftliche Fakultät, … - 2014
This review article introduces and evaluates various ways to aggregate probabilistic opinions of different individuals. For each of these three ways, an axiomatic characterization result is presented (a new one in the case of multiplicative pooling). The three ways satisfy different axioms and...
Persistent link: https://www.econbiz.de/10011111553
Cover Image
On the tracking and replication of hedge fund optimal investment portfolio strategies in global capital markets in presence of nonlinearities, applying Bayesian filters: 1. Stratanovich – Kalman – Bucy filters for Gaussian linear investment returns distribution and 2. Particle filters for non-Gaussian non-linear investment returns distribution
Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2013
The hedge fund represents a unique investment opportunity for the institutional and private investors in the diffusion-type financial systems. The main objective of this condensed article is to research the hedge fund’s optimal investment portfolio strategies selection in the global capital...
Persistent link: https://www.econbiz.de/10011260821
Cover Image
An Infinite Hidden Markov Model for Short-term Interest Rates
Maheu, John M; Yang, Qiao - Volkswirtschaftliche Fakultät, … - 2015
The time-series dynamics of short-term interest rates are important as they are a key input into pricing models of the term structure of interest rates. In this paper we extend popular discrete time short-rate models to include Markov switching of infinite dimension. This is a Bayesian...
Persistent link: https://www.econbiz.de/10011185700
Cover Image
Volatility Spillover Across GCC Stock Markets
Onour, Ibrahim - Volkswirtschaftliche Fakultät, … - 2012
The study of volatility transmission across markets commonly termed “volatility spillover” provides useful insights … volatility and information transmission across the Gulf Cooperation Council (GCC) markets. The model separates direct volatility … portfolio managers. Findings of the study show that effects of indirect volatility transmission are more prominent than direct …
Persistent link: https://www.econbiz.de/10011110441
Cover Image
Long Memory in Stock Market Volatility:Evidence from India
Hiremath, Gourishankar S; Bandi, Kamaiah - Volkswirtschaftliche Fakultät, … - 2010
Long memory in variance or volatility refers to a slow hyperbolic decay in auto-correlation functions of the squared or … log-squared returns. GARCH models extensively used in empirical analysis do not account for long memory in volatility. The … present paper examines the issue of long memory in volatility in the context of Indian stock market using the fractionally …
Persistent link: https://www.econbiz.de/10011112536