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VaR methods for the dynamic impawn rate of steel in inventory financing under autocorrelative return

Juan, He; Xianglin, Jiang; Jian, Wang; Daoli, Zhu; Lei, Zhen - In: European Journal of Operational Research 223 (2012) 1, pp. 106-115

This paper proposes the way of setting the dynamic impawn rate by dividing the impawn periods into different risk windows. In an efficient financial market, the return is hypothetically independent, while in a pledged inventory market where spot transactions predominate, the return is...

Persistent link: https://www.econbiz.de/10010597640

TREND FOLLOWING TRADING

DAVIDSSON, MARCUS - In: Journal of Academic Research in Economics 4 (2012) 1 (March), pp. 51-68

Trend following strategies have the reputation of being the holy grail of investment. This paper investigates the trend following strategy both from a theoretical and empirical perspective. This article also discusses conditional expected return and the drawdown with Value at Risk (VaR). VaR...

Persistent link: https://www.econbiz.de/10010598201

IKEA: product, pricing, and pass-through

Baxter, Marianne; Landry, Anthony - Federal Reserve Bank of Dallas - 2012

With over 300 stores in 40 countries, IKEA is a major international presence in retail housewares and furnishings. IKEA publishes country-specific catalogs with local-currency prices guaranteed to hold for 1 year. This paper explores a new dataset of IKEA products and catalog prices covering six...

Persistent link: https://www.econbiz.de/10010599259

Who Has a Bank Account and Who Doesn't: 1977 and 1989

Caskey, John P.; Peterson, Andrew - In: Eastern Economic Journal 20 (1994) 1, pp. 61-73

Using data from the 1977 Consumer Credit Survey and from the 1989 Survey of Consumer Finances, we investigate changes in the percentage of households with deposit accounts. We find that, among households earning $84,000 or less in 1991 prices, the percentage of households with deposit accounts...

Persistent link: https://www.econbiz.de/10005418731

Introduction to Issues in Finance, Corporate Control, and Growth: Lessons from Developing and Transitional Economies

Stein, Howard; Rosefielde, Steven - In: Eastern Economic Journal 31 (2005) 2, pp. 210-217

Persistent link: https://www.econbiz.de/10005418824

The effect of school finance reform on population heterogeneity

Aaronson, Daniel - Federal Reserve Bank of Chicago - 1998

This paper tests whether state school finance reform alters neighborhood income homogeneity. One implication of the … jurisdictions to set local tax and expenditure levels. The property tax revolt and the school finance equalization reform of the … that school finance has a significant effect on school district income sorting, especially among low income communities. …

Persistent link: https://www.econbiz.de/10005419876

Stakeholder Analysis of the Romanian Energy Sector

MIRON, Dumitru; PREDA, Mihaela - In: REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF … 10 (2009) 5, pp. 877-892

One of the basic components of the management of a programme of reform is the Stakeholder Analysis. It allows understanding and assessing the programme environment and provides to the management information defining the negociation position in the programme implementation. The paper undertakes a...

Persistent link: https://www.econbiz.de/10008512141

Learning from Crises

Thorat, Usha - eSocialSciences - 2009

that are so typical of market driven systems. [The 'Institute of Banking and Finance (IBF) Distinguished Speaker Series …

Persistent link: https://www.econbiz.de/10008512495

Convertible Bond Underpricing: Renegotiable Covenants, Seasoning, and Convergence

Chan, Alex W. H.; Chen, Nai-fu - In: Management Science 53 (2007) 11, pp. 1793-1814

We investigate the long-standing puzzle on the underpricings of convertible bonds. We hypothesize that the observed underpricing is induced by the possibility that a convertible bond might renegotiate on some of its covenants, e.g., an imbedded put option in financial difficulties. Consistent...

Persistent link: https://www.econbiz.de/10009203726

Recent Developments in Management Science in Banking

Cohen, Kalman J.; Maier, Steven F.; Weide, James H. Vander - In: Management Science 27 (1981) 10, pp. 1097-1119

Banking has been a fertile area for management science applications, as is evident from the review provided in this paper. The relevant management science models are discussed in terms of the areas of bank management for which they were intended. Under dynamic balance sheet management (i.e.,...

Persistent link: https://www.econbiz.de/10009203883