investigating the relationships among oil prices, bond index returns and interest rates

... stimulates our interest to examine the relationship among oil price changes, bond prices, and interest rate /interest rate volatility, and list the Hypothesis 1 as follows: Hypothesis 3: The interest ... as the relationship between oil price changes and bond returns, the relationship between oil price changes and the growth of interest rates, and...

Ngày tải lên: 13/07/2014, 21:13

... of the central research question and the sub-questions for this study, and placed the study findings in context with the existing body of knowledge. The third section provided conclusions and ... align their effort on doing the right things that is effectiveness and doing things right which is efficiency. They should strive to strike the optimum balance between the...

Ngày tải lên: 01/06/2014, 13:57

... standard. However two specific cleavage sites were identified, one at the Gly384- Phe385 bond and the other at the Arg389-Ser390 bond, which is consistent with the unique ability of cathepsin K among ... hydrolyzed the N-BK peptide mainly at the Lys380-Arg381 bond (i.e., bradykinin-releasing site), and to a lesser extent ( 20%) at the Met-Lys bond (Fig. 2B). The h...

Ngày tải lên: 31/03/2014, 07:20

... quality bonds and significant for low quality bonds. Duffee also test the correlation between callable bonds and interest rates using Moody’s and Lehman Brothers bond indices. Callable bonds show ... on the correlations between the levels of credit spread and interest rates using Moody’s bond indexes from 1960–1997. They find that corporate rates are co- integrate...

Ngày tải lên: 26/10/2012, 11:21

... to ask is whether the response of bill and bond rates to the two components differs — or indeed whether rates respond at all to predictable changes. This can be done within the Cook and Hahn-style ... target rate changes and other interest rates. For example, in applying the Cook and Hahn event-study approach to the 1987–1995 period, Roley and Sellon (1995) found...

Ngày tải lên: 06/03/2014, 02:21

... reflecting the optimal hedging strategy of firms as regards to the real return on their investments. On the one hand, if the real return is p ositively correlated with the real exchange rate then choosing ... period 1 the firm will get MV at period 2, where M is the real return on the project and is stochastic. We further assume that the firm has no funds in period 1 and hen...

Ngày tải lên: 22/03/2014, 23:20

... higher in 2011 than 2009 as a result of higher international oil prices & oil- indexed gas prices Cost of net imports of oil and gas in the European Union EU’s net import bills % Share of GDP ... of high oil prices on the economy © OECD/IEA 2012 0 100 200 300 400 500 600 700 2009 2010 2011 Billion USD Gas Oil 2.1% 2.7% 3.3% Europe: rising energy prices c...

Ngày tải lên: 23/03/2014, 20:20

... simultaneously increase the economic benefits enjoyed by the public and increase Federal tax revenue: in other words, they expand the economic pie. Significant oil and gas reserves lie under the U.S. Outer ... business activity and economic growth. They therefore achieve the worst of both worlds: they hurt the economy while exacerbating the federal budget deficit....

Ngày tải lên: 31/03/2014, 07:20

... Discussion and Limitations. The meta-analytic results support the hypotheses. The finding that all three relationships are moderated by the average level of the temporal variable in the sample ... reviewed literature and the study’s hypotheses. However, as the range of values may have an effect on the magnitude of the observed relationship, the standard deviati...

Ngày tải lên: 11/09/2013, 11:44

... variability of the market index and if β i,M < 1 then adding the security will decrease the variability of the market index. The intuition behind the single index model is as follows. The market index ... 2. The mean monthly returns on IBM and the market index are 0.9617% and 1.3992% per month and the sample standard deviations are 5.9024% and 6.835...

Ngày tải lên: 17/12/2013, 15:17