ESSAYS ON EXCHANGE RATE EXPOSURE

... estimate the exchange rate exposure coefficient/beta In the context of the existing literature on exchange rate exposure, one can raise three important questions: Is exchange rate exposure symmetric? ... Autocorrelation functions: time-varying exchange rate exposure betas 220 5.9 Autocorrelation functions: time-varying market betas 221 5.10 Cumulative distribution fun...

Ngày tải lên: 12/09/2015, 10:52

... between exchange rate exposure and other factors are reported in Section Section concludes Defining exchange rate exposure We follow the extensive literature on foreign exchange rate exposure ... the exchange rate One of the first problems that arises when thinking about exchange rate exposure is bWhich is the relevant exchange rate? Q Many, if not most studies...

Ngày tải lên: 12/12/2013, 17:15

... exporter’s profitability, it can affect the probability of loan default and, correspondingly, the value of the loan and the profitability of the bank 15 The estimates of exchange rate exposure provided ... through their influence on the extent of foreign competition, the demand for loans, and other aspects of banking conditions The purpose of this...

Ngày tải lên: 29/03/2014, 13:20

... in Section 2.4, and Section 2.5 concludes 2.2 A Model of Exchange Rate and Export Structure We extend a standard monopolistic competition model of trade la Krugman (1980) and Helpman and Krugman ... revaluation of exchange rate in July 2005 than time insensitive industries One possible explanation is that production and shipment are easier to adjust and hence more respon...

Ngày tải lên: 09/09/2015, 08:17

... international and country funds, and bond funds, I contribute to the literature by demonstrating momentum/contrarianism in a changing asset allocation setting which includes U.S stocks, U.S bonds, ... & Lakonishok (1996), Hong & Stein (1999)), expectation extrapolation, conservatism in expectation updating (Barberis, Shleifer, Vishny (1998)), biased self attribution or investor overconfiden...

Ngày tải lên: 30/09/2015, 17:06

... focuses on the trading activity o f bond ETFs on the secondary market (trading on exchanges), ETFs can also trade on the primary market through the creation/redemption process Trades on the primary ... The Bond ETF Market 28 I Introduction 29 II Bond ETFs and Data 31 III Results 34 IV Conclusions 41 Essay Three: D oes Exemption from the Uptick Rule Effectively Alleviate 43 Short-Sa...

Ngày tải lên: 30/09/2015, 17:06

... dissertation is to develop and to use computational methods to study issues in policy coordination, exchange rates and income inequality The topic of policy formulation among interdependent economies ... between income inequality and growth is analyzed vi Table of Contents Chapter One: Introduction Chapter Two: Economic Interaction and Policy Coordination Between C...

Ngày tải lên: 21/08/2014, 07:54

Ngày tải lên: 18/02/2014, 11:20

Ngày tải lên: 07/03/2014, 02:20

... nature of these risks The results of this study provide the first formal estimates of the joint effect of derivative exposures on the systematic interest rate and exchange rate risks of U S banks The ... Foundation Derivative Exposure and the Interest Rate and Exchange Rate Risks of U.S Banks November 1996 Abstract: This paper esti...

Ngày tải lên: 29/03/2014, 13:20

... Introduction Chapter - Theoretical foundation of impact of exchange rate on trade balance and inflation • Chapter - Overview of the impact of exchange rate on trade balance and inflation in Vietnam ... creating pressure on inflation CHAPTER THEORETICAL FOUNDATION OF IMPACT OF EXCHANGE RATE ON TRADE BALANCE AND INFLATION 2.1...

Ngày tải lên: 05/03/2015, 09:08

... AN EMPIRICAL STUDY ON MACROECONOMIC DETERMINANTS OF EXCHANGE RATE AND STRESS TESTING APPLICATION ON VIETNAM NON – FINANCIAL CORPORATE SECTOR In Partial Fulfillment of the Requirements of the ... 3.6: The relationship between exchange rate and inflation rate Figure 3.7: The relationship between exchange rate and interest rate Figure 3.8:...

Ngày tải lên: 22/10/2015, 13:17

... 50 and 51 of the December issue of RBI Bulletin Table 4: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee (36-Currency Export and ... 1993-94 to 2005-06 (so far) Table 3: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of th...

Ngày tải lên: 17/09/2012, 16:47

... try to hand in this stuff Enjoy -iii- -iv- iii Introduction to the Second Edition (1998) Since I first created Parma Endorion: Essays On Middle-earth, the web site has received thousands of visits ... A: New Information .109 Orcs 109 i Copyright Parma Endorion: Essays on Middle-earth, is Copyright © 1996, 1997 by Michael Martinez The 2nd edition is Copyright © ... Compleat...

Ngày tải lên: 07/11/2012, 09:09

... position is said to be open Exercise There are some key dates in the development of exchange rate systems around the world ( 199 4, 197 1, 197 3, 199 2,2002) Match the dates with the events below: Most ... floating rates However, governments and central banks occasionally attempted to influence exchange rates by intervening in the markets So there was a system of managed floating exc...

Ngày tải lên: 12/08/2013, 14:27