Consumer Interest Rates and Retail Mutual Fund Flows docx

... Individual fund percentage retail flows and consumer interest rates, by age group This table presents panel regressions explaining individual fund flows with fund characteristics and consumer interest rates, ... Paper/Document de travail 2012-39 Consumer Interest Rates and Retail Mutual Fund Flows by Jesus Sierra [16] Chevalier, J. and Ellison, G....

Ngày tải lên: 30/03/2014, 12:20

... at the trans- mission of changes in interest rates between the market interest rates and the retail interest rates. Following a brief description of retail interest rate trends during the crisis, ... (1) Belgium IrelandPortugal Spain INTEREST RATES ON SHORT-TERM DEPOSITS INTEREST RATES ON LONG-TERM DEPOSITS Sources : NBB, ECB. (1) Germany, Austria, Finland, France...

Ngày tải lên: 15/02/2014, 05:20

... maturity Figure 7: Nominal and Real Yields and BEI Rates Five- and ten-year nominal and real zero-coupon US Treasury yields with associated BEI rates and implied BEI rates from the joint AFNS ... includes Ang, Bekaert, and Wei (2008), Chernov and Mueller (2008), H¨ordahl and Tristani (2008), D’Amico, Kim, and Wei (2008), Haubrich, Pennacchi, and Ritchken (2008), and...

Ngày tải lên: 17/02/2014, 03:20

Ngày tải lên: 06/03/2014, 02:21

... the lending and funding interest rates, stood at 22.4% p.a. Graph 5 illustrates the evolution of the average bank spread since January 2001 (including fixed, floating and FX-linked interest rate ... real- denominated interest rates, and with FX-linked (effectively dollar- denominated) interest rates. Most credits to individuals, including personal credit, overdraft credit an...

Ngày tải lên: 06/03/2014, 02:21

... PASS-THROUGH OF MONEY MARKET INTEREST RATES TO BANK INTEREST RATES AND BANK LOANS This section examines the pass-through of money market interest rates to bank lending rates and bank loans, based ... factors deter- mining the evolution of interest rates and bank loans. 2. MODELLING BANK INTEREST RATES 2.1. Theoretical determinants The evolution of bank interest...

Ngày tải lên: 15/03/2014, 01:20

Ngày tải lên: 15/03/2014, 01:20

... 25, 2008. Strikes and vols are expressed as differences from the respective ATM values. Source: Bloomberg. Andersen and Andreasen (2002), Piterbarg (2005), Wu and Zhang (2006) and Zhu (2007). In ... evolution of FRA rates and forward rates belonging to the discount curve. We will start by analyzing the basic lognormal case and then add stochastic volatility. The dynamics of FRA...

Ngày tải lên: 15/03/2014, 07:20

... both conventional and Islamic mutual fund, which indicates that the conventional mutual fund (σp=4.4%) are high risky then Islamic mutual fund( 1.03 %) and the conventional mutual fund is more riskier ... Data and Measures The data consist of all the mutual funds listed with the Mutual Funds Association of Pakistan. There are 119 open-end funds and close-end fun...

Ngày tải lên: 16/03/2014, 17:20

... long-term interest rates and growth rates, we use the present value of one-period interest rates and one-period growth rates of future dividends. This is a nice model in that it has some interesting ... references to real interest rates has been extremely low, never more than a few percent of references to interest rates. Even those levels of references to real inte...

Ngày tải lên: 17/03/2014, 08:20