NBER WORKING PAPER SERIES WHAT DOES FUTURES
... due to limited arbitrage by speculators. Conversely, if there is excess hedging demand from consumers that want to be long futures, the futures price will rise due to limited arbitrage by speculators. Because the futures price can either fall or rise in response to anticipation of higher economic a ...
... due to limited arbitrage by speculators. Conversely, if there is excess hedging demand from consumers that want to be long futures, the futures price will rise due to limited arbitrage by speculators. Because the futures price can either fall or rise in response to anticipation of higher economic a ...
Financialization and a New Paradigm for Financial Markets
... and households. One element of this process is mechanically matching current investment supply with capital demand. But the needs of investors and consumers of capital are often not the same. For instance, investors may want to lend at floating rates of interest while a borrower may want to have a f ...
... and households. One element of this process is mechanically matching current investment supply with capital demand. But the needs of investors and consumers of capital are often not the same. For instance, investors may want to lend at floating rates of interest while a borrower may want to have a f ...
Why Has Swedish Stock Market Volatility Increased?
... tends to be high also during the nearest future. This observation has received much attention from the finance profession due to its implications for asset pricing and portfolio management. The changing volatility and in particular its persistence, however, also has potential macroeconomic implicati ...
... tends to be high also during the nearest future. This observation has received much attention from the finance profession due to its implications for asset pricing and portfolio management. The changing volatility and in particular its persistence, however, also has potential macroeconomic implicati ...
Sell government securities: Market
... A company pools the resources of many investors and uses funds to purchase various types of financial securities (a portfolio) Different funds have different goals (stability, growth, etc.) And different levels of risk Investments are professionally managed No-load fund ...
... A company pools the resources of many investors and uses funds to purchase various types of financial securities (a portfolio) Different funds have different goals (stability, growth, etc.) And different levels of risk Investments are professionally managed No-load fund ...
Limit Orders and the Intraday Behavior of Market Liquidity
... While numerous studies have examined the intraday variations in bid-ask spreads during the last two decades or so, only recently have researchers begun to study the behavior and the determinants of quoted depths. Ye (1995) analyzes the optimal strategy of specialists and shows that when the probabil ...
... While numerous studies have examined the intraday variations in bid-ask spreads during the last two decades or so, only recently have researchers begun to study the behavior and the determinants of quoted depths. Ye (1995) analyzes the optimal strategy of specialists and shows that when the probabil ...
Raw Material Insight
... raw material spot market price, labor cost, and currency exchange rate. Thus, with the right analysis and expertise, best-in-class companies have been able to specify detailed product cost structures as part of the negotiation preparations. The increased understanding of product cost structures has ...
... raw material spot market price, labor cost, and currency exchange rate. Thus, with the right analysis and expertise, best-in-class companies have been able to specify detailed product cost structures as part of the negotiation preparations. The increased understanding of product cost structures has ...
Rate of return = $2317.24 / $20000 = 11.59% per
... Tactical asset allocation is making small, short-term adjustments to your longer-term strategic allocation. The idea is to overweight sectors with the greatest potential for gains. Since you are effectively trying to determine which sectors will perform the best, tactical asset allocation can be con ...
... Tactical asset allocation is making small, short-term adjustments to your longer-term strategic allocation. The idea is to overweight sectors with the greatest potential for gains. Since you are effectively trying to determine which sectors will perform the best, tactical asset allocation can be con ...
The Stock Market and the Economy
... STOCK MARKET EFFECTS ON THE ECONOMY THE CRASH OF OCTOBER 1987 The value of stocks in the United States fell by about a trillion dollars between August 1987 and the end of October 1987. If the multiplier is 1.4, the total decrease in GDP would be about 1.4 x $40 billion = $56 billion, or about 1.4 pe ...
... STOCK MARKET EFFECTS ON THE ECONOMY THE CRASH OF OCTOBER 1987 The value of stocks in the United States fell by about a trillion dollars between August 1987 and the end of October 1987. If the multiplier is 1.4, the total decrease in GDP would be about 1.4 x $40 billion = $56 billion, or about 1.4 pe ...
Swaps
... A swap is worth zero to a company initially At a future time its value is liable to be either positive or negative The company has credit risk exposure only when its value is positive Some swaps are more likely to lead to credit risk exposure than others What is the situation if early forward rates ...
... A swap is worth zero to a company initially At a future time its value is liable to be either positive or negative The company has credit risk exposure only when its value is positive Some swaps are more likely to lead to credit risk exposure than others What is the situation if early forward rates ...
Unspanned Macroeconomic Factors in Oil Futures
... correlation of oil prices with the business cycle is low. Relaxing this restriction produces an estimated oil risk premium that better explains the historical returns to oil futures, more than tripling the adjusted R2 from 1.3% to 4.3%. The implied monthly risk premium is nine times more volatile t ...
... correlation of oil prices with the business cycle is low. Relaxing this restriction produces an estimated oil risk premium that better explains the historical returns to oil futures, more than tripling the adjusted R2 from 1.3% to 4.3%. The implied monthly risk premium is nine times more volatile t ...
JIA 105 (1978) 15-26 - Institute and Faculty of Actuaries
... the history of a particular group of stocks of a particular coupon level then it cannot represent the current position of a market in which that particular group of stocks is no longer typical, and, contrariwise, if it is to represent the current position of the market then it must also reflect the ...
... the history of a particular group of stocks of a particular coupon level then it cannot represent the current position of a market in which that particular group of stocks is no longer typical, and, contrariwise, if it is to represent the current position of the market then it must also reflect the ...
To hedge or not to hedge? Evaluating currency
... 4 One could argue for a dynamic, yet strategic, approach to currency management to capture the dynamic nature of currency-asset correlations. Although this is not our approach here, see Opie, Brown, and Dark (2012) for a discussion of dynamic currency hedging. 5 It is important to remember that a ...
... 4 One could argue for a dynamic, yet strategic, approach to currency management to capture the dynamic nature of currency-asset correlations. Although this is not our approach here, see Opie, Brown, and Dark (2012) for a discussion of dynamic currency hedging. 5 It is important to remember that a ...
Securities Regulation
... • Premised on duty of “trust or confidence” between parties • Applies when sell to to-be SHs and buy from existing SHs ...
... • Premised on duty of “trust or confidence” between parties • Applies when sell to to-be SHs and buy from existing SHs ...