Collisions of naked interest

... at 729. COLLISIONS OF NAKED INTEREST 179 only means of creating a state of war is by way of a de facto mutual armed clash. A declaration might play the role of publicising the existence of a war; ... only means of escape from the anarchical condition that was the essence of the state of COLLISIONS OF NAKED INTEREST 169 nature. Positivism accordingly endorsed th...

Ngày tải lên: 01/11/2013, 10:20

... period of the debt is expressly specified, it is convenient to mean by the rate of interest the complex of the various rates of interest current for different periods of time, i.e. for debts of ... if the rate of interest is given as well as the demand curve for capital and the influence of the rate of interest on the readiness to save out of given levels of inc...

Ngày tải lên: 15/12/2013, 21:15

... period of the debt is expressly specified, it is convenient to mean by the rate of interest the complex of the various rates of interest current for different periods of time, i.e. for debts of ... if the rate of interest is given as well as the demand curve for capital and the influence of the rate of interest on the readiness to save out of given levels of in...

Ngày tải lên: 31/12/2013, 23:30

... are robust in terms of a greater number of degrees of freedom. The exclusion of the interbank rate from the model can be adopted because of the high velocity of adjustment of the interbank rate ... following results: 1) the speed of adjustment of bank interest rates to monetary policy changes increased significantly after the introduction of the 1993 Banking Law; 2)...

Ngày tải lên: 17/02/2014, 03:20

... relationship may reflect the higher interest rate sensitivity of longer-dated swap transactions. One measure of the interest rate sensitivity of a swap is the “dollar value of a basis point” or DV01. ... alternative means of acquiring long-term interest rate exposure. At the short end of the curve, trading is much more active on-exchange, with the exception of the eur...

Ngày tải lên: 06/03/2014, 03:20

... value of one on interest rate surprise days between 12:05 and 13:00 if the announced interest rate is higher than expected, and I(Δi<0) is an indicator function that takes the value of one on interest ... Dispersion of Market Expectations An interesting feature of figure 2 is that the probability of moving into the high-volatility state rises even on No Unexpected Change day...

Ngày tải lên: 06/03/2014, 14:20

... to profit if this forecast is correct. A purchase of FVX put options would allow the holder to profit if rates do decline because as 5-year interest rates fall, so does the level of FVX. As interest ... options will be priced off the market’s best estimate of the yield of the underlying instruments at expiration of the options; or, in other words, the market’s best estimate of...

Ngày tải lên: 06/03/2014, 14:20