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portfolio returns. Non-monotonicity can even lead to equilibrium prices permitting simple arbitrage opportunities.In the two … interest parity can generally not be regarded as a no-arbitrage condition and can be considered as an equilibrium condition … only non-generically. The true arbitrage-free correlation between the exchange rate, interest rates, and security prices is …
Persistent link: https://www.econbiz.de/10009452580
portfolio restrictions, there is a need to differentiate individual arbitrage opportunities from those at the aggregate level …), this difference in the notion of arbitrage at the individual level and the aggregate level is characterized. Extending the … 2-date result of Hens et al., we show that generically there will be some arbitrage opportunities that remain …
Persistent link: https://www.econbiz.de/10009430929
with restricted participation. We then provide a characterization of reduced financial structures in terms of arbitrage …
Persistent link: https://www.econbiz.de/10009430939
The development of voluntary nuclear standards in the United States is an active and necessary endeavor of the technical community concerned with the safe, orderly, and economic development of the nuclear potential. There are almost 8000 people presently involved either in writing voluntary...
Persistent link: https://www.econbiz.de/10009436190
One major task of the Nuclear Standards Program funded by the Department of Energy (DOE)-Nuclear Energy (NE) Technology Support Programs is to promote and support the use of standards by providing line managers and standards coordinators with data that facilitates their ability to utilize...
Persistent link: https://www.econbiz.de/10009436667
La relevancia de las economías de aglomeración tipo urbanización sobre múltiples variables y/o dinámicas económicas se encuentra ampliamente documentada en la literatura. Sin embargo, es difícil ofrecer una medida sintética del nivel de aglomeración urbana que alcanza un territorio. En...
Persistent link: https://www.econbiz.de/10012530457
This dissertation consists of three essays in international corporate finance. It studies the impact of aggregate conditions and the institutional environment on the behavior of publicly traded firms from a broad sample of countries. In the first essay I argue that when credit constraints are...
Persistent link: https://www.econbiz.de/10009429297
It has been suggested that the Internet is the most significant driver of international trade in recent years to the extent that the term =internetalisation‘ has been coined (Bell, Deans, Ibbotson & Sinkovics, 2001; Buttriss & Wilkinson, 2003). This term is used to describe the Internet‘s affect...
Persistent link: https://www.econbiz.de/10009438307
There is an ongoing debate over the role that equity markets play in determining and influencing international equity flows. The first chapter of this dissertation describes the large portfolio equity flows into China and India, in order to understand the buying behavior of US investors. The...
Persistent link: https://www.econbiz.de/10009468640
segment of international markets. On the basis of the research and the theory analysis a general model, that could be used by …
Persistent link: https://www.econbiz.de/10009479101