Encyclopedia of Finance Part 18 docx

... overall market portfolio. Suppose that a managed portfolio earned a return of 618 ENCYCLOPEDIA OF FINANCE The exodus of foreign capital not only exerted a severe downward pressure on the Peso ... ‘‘Capital asset prices: a theory of market equilibrium under conditions of risk.’’ Jour- nal of Finance, 19: 425–442. Sharpe, W.F. (1966). ‘‘Mutual fund performance.’’ Journal of...

Ngày tải lên: 06/07/2014, 08:20

... sensitivity of different estimates of covariance matrix. Two different estimates of the covariance matrix of 18 developed equity markets are used – estimates using equally weighted 10 years of data and ... investi- gation of the arbitrage pricing theory.’’ Journal of Finance, 33: 1073–1103. Ross, R. (1977). ‘‘A critique of the asset pricing theory’ s tests, part 1: One pa...

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... appearance of the right side. Fig. 144. Third pattern. ENCYCLOPEDIA OF NEEDLEWORK - PART 1 BY THÉRÈSE DE DILLMONT ENGLISH EDITION ALL RIGHTS RESERVED To be had: of TH. DE DILLMONT, ... stripe, in imitation of brussels lace. Net and damask stitches. Many net embroidery patterns and damask stitches consist of a combination of ordinary running and darning, other...

Ngày tải lên: 29/03/2014, 00:20

... 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...

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... years. Empty cell represents the improbable case of r pf < r z . 318 ENCYCLOPEDIA OF FINANCE Journal of international Money and Finance, 9: 182 –192. De Santis G. and Gerard, B. (1997). ‘‘International asset ... diversification with time- varying risk.’’ Journal of Finance, 52: 188 1–1912. Dumas, B. and Soln ik, B. (1995). ‘‘The world price of foreign exchange risk.Jour...

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

... 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.’’ Jour- nal of Finance, 19: 425–442. Sharpe, ... 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 U...

Ngày tải lên: 06/07/2014, 08:20

... ability of the manager’s choices at the begin- ning of the first period to predict the subsequent 388 ENCYCLOPEDIA OF FINANCE Grant, D. (1977). ‘‘Portfolio performance and the ‘‘cost’’ of timing ... covar- iances in tests of asset pricing models.’’ Journal of Financial Economics, 24: 289– 318. Harvey, C.R. (1991). ‘‘The world price of covariance risk.’’ Journal of Financ...

Ngày tải lên: 06/07/2014, 08:20

... regard to the time of receipt or payment of cash. Financial accounting enables a manager to measure the financial performance of a firm by 398 ENCYCLOPEDIA OF FINANCE A total review of a cash management ... return of asset i, the payoff equals 1. Where the payoff of asset i is an excess return, the price equals 0. Equation (12.1) states that the expected value of the risk-...

Ngày tải lên: 06/07/2014, 08:20