Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis ppt

... valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis 21 4 Are there ... includes Austria, Belgium, Finland, France, and The Netherlands. The window length in all cases is 500 days. Credit-risk val...

Ngày tải lên: 15/03/2014, 07:20

... to incoming trials declined in 2006, it is still high in Chubu and Kanto. In addition, the ratio of pending trials to incoming trials in Hokkaido is smaller than the median, indicating that the ... check the robustness of our results, we first tried using the length of trials and the ratio of the number of pending trials to the number of incoming trials instead...

Ngày tải lên: 22/03/2014, 20:20

... into their current financial situation. Theoretically, the first and foremost objective of any firms is the profit and their ability to maintain the profitability in the long term. The industrial ... priority areas and actually very few firms are able to borrow from it. The fourth source is non-banking capital, including firm’s equity and funds mobilized from the...

Ngày tải lên: 24/08/2013, 18:48

... would involve the difference between the closing futures rate on the 15th and the opening rate on the 16th. Table 2 lists the 42 target rate changes contained in the sample, and their futures-based decomposition ... 0 Notes: The change in the target Fed funds rate is expressed in percent, and the interest rate changes are expressed in basis points. The samp...

Ngày tải lên: 06/03/2014, 02:21

... depth of the contraction and an interaction between the financial crisi s dummy and the de pt h of the contraction. A Chow test then determines the significanc e of excluding the dummy and the interaction term. ... vigorous. Again the Fed, worrying about rising in ation and gold outflows, began tightening in August 1958. The tightening cycle ended with a recession be...

Ngày tải lên: 06/03/2014, 19:20

... and 2 contain binary variables indicating whether a child was born before or during the war in war-affected areas. We also use a continuous measure of war exposure in estimating the following ... across regions in exposure to the war) and temporal (within a given region, the timing of whether a child was born during the war period). These variables are binary and ind...

Ngày tải lên: 22/03/2014, 09:20

... - from the upswing of 2005 to the peak of the financial crisis in 2009, and the stabilization of activity in 2010-11. Trade credit is significantly determined by the level of liquidity in the ... higher the liquidity in the economy, the cheaper and more available trade credit and hence trade credit insurance, leading normally to an increase in supply...

Ngày tải lên: 22/03/2014, 18:20

... of the copyright owner. Further reproduction prohibited without permission. Household liquidity and financial innovations: Evidence from the Survey of Consumer Finances Lyons, Angela Christine ProQuest ... Dissertations and Theses; 2001; ProQuest Central pg. n/a Reproduced with permission of the copyright owner. Further reproduction prohibited without permission. Reproduced with...

Ngày tải lên: 03/06/2014, 02:01

... the crisis, limited trading activity in the sovereign CDS market affected price discovery and the linkages between the bond and the derivative market. Since the start of the crisis period the ... has to finance the purchase of the underlying bond and buy protection in the CDS market. In this case, default risk arising from the underlying entit...

Ngày tải lên: 16/02/2014, 02:20

... OARS. of nine miles. Men such as these rarely walk nine miles in a fortnight; for in going to their business and in re- turning to the place from whence they came, they either " ride in the bus/' ... sea; but in loitering about the beach, in watching the bathing- machines, in gazing at Punch and Judy, in picking shrimps and in listening to the dis...

Ngày tải lên: 14/02/2014, 21:20