Encyclopedia of Finance Part 17 ppsx

... implica- tion of this is that pricing may fail to be linear and instead be sublinear: the value of the sum of pay- offs may be less than the sum of the values of the individual payoffs. Thus, there ... that the cost of super-replicating a pool of payoffs may be cheaper than the sum of the costs of super-replicating the individual payoffs. In other words, the sublinearity res...

Ngày tải lên: 06/07/2014, 08:20

... decimalization,’’ prepared by NYSE Research Department. 442 ENCYCLOPEDIA OF FINANCE The development in the Chinese markets may affect the risk and return of A- and B-share classes. He and Wu (2003) ... 2507 2001=09 1154 45831.36 176 6.64 154.67 1858 2001=10 1152 43742.14 1951.5 181.03 1914 2001=11 1153 45431.59 2092.26 200.31 2374 436 ENCYCLOPEDIA OF FINANCE than higher systema...

Ngày tải lên: 06/07/2014, 08:20

... x i ¼ proportion of investment in security i s ii ¼ variance of rate of return of security i s ij ¼ covariance of rate of return of security i and j r i ¼ expected rate of return of security i k ... ENCYCLOPEDIA OF FINANCE G L (W; EP f , r), respectively. The role of the NWC is to incorporate any exchange-rate policy signal into the wage settlement process and guide...

Ngày tải lên: 06/07/2014, 08:20

Ngày tải lên: 03/07/2014, 03:20

... and professionals, in an attempt to meet the demand for a key source of fundamental finance terminology and concepts. This Encyclopedia of Finance contains five parts. Part I includes finance terminology ... Distinguished Professor of Finance at Rutgers Busi- ness School, Rutgers University and was chairperson of the Department of Finance from 1988–1995. He has also se...

Ngày tải lên: 06/07/2014, 08:20

... company subsidiaries. Furthermore, there is a limitation of the total assets of all financial subsidiaries of 45 percent of the total assets of the bank or $50 billion. 2.3. Functional Regulation ... http:==econ.worldbank.org=programs =finance= topic=depinsurance= 304 ENCYCLOPEDIA OF FINANCE The law, as passed, requires regulators to estab- lish standards to ensure the privacy...

Ngày tải lên: 06/07/2014, 08:20

... evidence.’’ 334 ENCYCLOPEDIA OF FINANCE 4.2.2. Empirical Evidence The relationship between risk and return has been the focus of recent finance research. Numerous pa- pers have derived various versions of ... 1856. New York: National Bureau of Economic Research. Redington, F.M. (1952). ‘‘Review of the principles of life office valuation.’’ Journal of the Institute of Act...

Ngày tải lên: 06/07/2014, 08:20

... (1989). ‘‘The impact of data errors on meas- urement of the foreign exchange risk premium.’’ Jour- nal of International Money and Finance, 8: 147–157. 356 ENCYCLOPEDIA OF FINANCE asset on each ... swap CREDIT DERIVATIVES 341 Counterparty A 100 Counterparty B Counterparty A Counterparty B Reference asset worth P Dirty C LIBOR + S C Counterparty A Counterparty B 100 100 Maturity Pa...

Ngày tải lên: 06/07/2014, 08:20

... the Arbitrage Pricing Theory.’’ Journal of Finance, 43(3): 721–733. 372 ENCYCLOPEDIA OF FINANCE Chapter 7 TREASURY INFLATION-INDEXED SECURITIES QUENTIN C. CHU, The University of Memphis, USA DEBORAH N. PITTMAN, ... Cri- tique.’’ Journal of Financial Economics, 18: 91–110. Sharpe, W. F. (1964). ‘‘Capital asset prices: a theory of market equilibrium under conditions of risk.’’...

Ngày tải lên: 06/07/2014, 08:20

... portfolio.’’ Journal of Financial Economics, 14: 217 236. Gordon, M. (1962). The investment, financing and valu- ation of the firm. Homewood, IL: Irwin. 382 ENCYCLOPEDIA OF FINANCE condition of the maximization. ... approach.’’ Journal of Finance, 48: 1231–1262. Bansal, R., Hsieh, D., and Viswanathan, S. (1993). ‘‘A new approach to international arbitrage prici ng.’’ Journal o...

Ngày tải lên: 06/07/2014, 08:20