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We study properties of structured financial products optimizing a utility functional of a customer. The conventional method may have the disadvantage that the a priori restriction to a certain number of assets could make it impossible to find the optimal portfolio. So instead of optimizing the...
Persistent link: https://www.econbiz.de/10005858026
expansions and recessions. We find that the information content of macroeconomic announcements is mostimportant when it contains …
Persistent link: https://www.econbiz.de/10005858024
dynamics that accounts also for the presence of asymmetric information. In the model, the companies are characterized by …
Persistent link: https://www.econbiz.de/10005857751