Results 31 to 40 of about 4,043,177 (393)
Incomplete markets and derivative assets [PDF]
Economic Theory, 2015 We analyze derivative asset trading in an economy in which agents face both aggregate and uninsurable idiosyncratic risks. Insurance markets are incomplete for idiosyncratic risk and, possibly, for aggregate risk as well. However, agents can exchange insurance against aggregate risk through derivative assets such as options.
Le Grand, François, Ragot, Xavier
openaire +7 more sources
Asset Prices and Asset Correlations in Illiquid Markets [PDF]
SSRN Electronic Journal, 2004 We build a new asset pricing framework to study the effects of aggregate illiquidity on asset prices, volatilities and correlations. The Black-Scholes economy is obtained in our framework as the limiting case of perfectly liquid markets. The model is consistent with empirical studies on the effects of illiquidity on asset returns, volatilities and ...
Alessio Caldarera, Celso Brunetti
openaire +3 more sources
Asset Valuation in an Experimental Market [PDF]
Econometrica, 1982 The time path of asset prices is studied within a stationary experimental environment. After several replications prices converge to a perfect foresight equilibrium. A sequential market having an "informational trap" and a futures market are also studied.
Forsythe, Robert +2 more
openaire +3 more sources
Cross-Border Asset Pledgeability for Enhanced Financial Stability
East Asian Economic Review, 2020 Even with the sizable Foreign Exchange (FX) holdings and good credit ratings of its top assets, Asia remains vulnerable to various shocks. This paper highlights the limited cross-border asset pledgeability as a significant factor for the lingering ...
Gongpil Choi
doaj +1 more source
Conceptual framework for asset back securities rating in Iran Capital Market [PDF]
مطالعات تجربی حسابداری مالی, 2018 In recent years, the capital market has played a significant role in the financing of the government and the private sector and provided a variety of tools for this purpose, mainly based on the asset backed securities and asset base securities, on the ...
Ghasem Blue +2 more
doaj +1 more source
Social Science Research Network, 2019 This paper explores whether asset market equilibria in cryptocurrency markets exist. In doing so, it distinguishes between privacy and non-privacy coins. Most recently, privacy coins have attracted increasing attention in the public debate as non-privacy
Niranjan Sapkota, Klaus Grobys
semanticscholar +1 more source
Pedestrian Patterns at Railway Platforms during Boarding: Evidence from a Case Study in Switzerland
Journal of Advanced Transportation, 2018 The boarding/alighting process at railway platforms is an important determinant of the railway system performance and depends on the characteristics of passengers, the layout of the platform, and the rolling stock.
Giulia Dell’Asin, Johannes Hool
doaj +1 more source
Pricing the Volatility Risk Premium with a Discrete Stochastic Volatility Model
Mathematics, 2021 Investors’ decisions on capital markets depend on their anticipation and preferences about risk, and volatility is one of the most common measures of risk.
Petra Posedel Šimović, Azra Tafro
doaj +1 more source
Small-sized asset owners’ OCIO selections and evaluations [PDF]
Seonmul yeongu, 2023 – This study analyzes small-sized asset owners’ optimal choice problems in selecting an outsourced chief investment officer (OCIO). While large-sized asset owners can select OCIOs through procurement auctions, it is difficult for small-sized asset ...
Deahyeon Park, Doo Jin Ryu
doaj +1 more source
Limited Asset Market Participation and the Euro Area Crisis: An Empirical DSGE Model
Economic Inquiry, 2018 We estimate a medium scale DSGE model for the Euro area with Limited Asset Market Participation (LAMP). Our results suggest that in the recent EMU years LAMP is particularly sizeable (39% during 1993-2012) and important to understand business cycle ...
Alice Albonico +2 more
semanticscholar +1 more source