Results 1 to 10 of about 223,474 (219)
Peso problem explanations for term structure anomalies [PDF]
Journal of Monetary Economics, 2001 Abstract We investigate whether term structure anomalies in U.S. data may be due to a generalized peso problem, in which a high-interest-rate regime occurred less frequently in the U.S. sample than was rationally anticipated. We formalize this idea by estimating a regime-switching model of short-term interest rates with data from seven countries ...
Geert Bekaert +2 more
core +8 more sources
Is Ipo Underperformance a Peso Problem? [PDF]
Journal of Financial and Quantitative Analysis, 2005 AbstractRecent studies suggest that the underperformance of IPOs in the post-1970 sample may be a small sample effect or “Peso problem.” That is, IPO underperformance may result from observing too few star performers ex post than were expected ex ante.
Andrew Ang, Li Gu, Yael V. Hochberg
openaire +3 more sources
Peso Problems, Bubbles, and Risk in the Empirical Assessment of Exchange-Rate Behavior [PDF]
, 1987 April 1987This paper is a discussion of "Empirical Assessment of Foreign Currency RiskPremiums" by Richard Meese, presented at the Federal Reserve Bank of St. Louisconference on "Financial Risk: Theory, Evidence and Implications," November14-15, 1986. I am grateful for discussions with Richard Meese, for helpfulcomments from the Penn macro lunch group,
Maurice Obstfeld
core +4 more sources
A Sharpe-ratio-based measure for currencies
European Journal of Government and Economics, 2015 The Sharpe Ratio offers an excellent summary of the excess return required per unit of risk invested. This work presents an adaptation of the ex-ante Sharpe Ratio for currencies where we consider a random walk approach for the currency behavior and ...
Javier Prado-Dominguez +1 more
doaj +3 more sources
Peso problems in the estimation of the C‐CAPM
Quantitative Economics, 2022 This paper shows that the consumption‐based capital asset pricing model (C‐CAPM) with low‐probability disaster risk rationalizes pricing errors. We find that implausible estimates of risk aversion and time preference are not puzzling if market participants expect a future catastrophic change in fundamentals, which just happens not to occur in the ...
Parra-Alvarez, Juan Carlos +2 more
openaire +4 more sources
Cadernos de Saúde Pública, 2011 Estudos populacionais no Brasil apontam aumento da prevalência de excesso de peso e obesidade na população adulta, em todas as regiões. O objetivo deste estudo foi estimar a prevalência e identificar os principais fatores associados ao excesso de peso em
Marina Zago Ramos Lino +2 more
doaj +1 more source
Hunting the Living Dead: A 'Peso Problem' in Corporate Liabilities Data [PDF]
SSRN Electronic Journal, 2005 Recent literature has pointed out that information asymmetries may be the reason for the poor performance of structural credit risk models to fit corporate bond data. It is well known in fact that these models lead to a strong understatement of the credit spread terms structure, particularly on the short maturity end.
Cherubini, U, MANERA, MATTEO
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Identificación del fenotipo ahorrador para la personalización del manejo del sobrepeso y la obesidad
Revista Médica Clínica Las Condes, 2022 Resumen: La obesidad es un problema grave que representa una alta carga para la salud de las personas y sus familias: genera una mayor discapacidad, pérdida de productividad, aumento de enfermedades y muerte prematura. Tradicionalmente, se ha considerado
N. Fernando Carrasco +1 more
doaj +1 more source
Term Structure Anomalies: Term Premium or Peso Problem? [PDF]
SSRN Electronic Journal, 2006 Abstract The goal of this paper is to develop a test for the relative importance of the time-varying term premium and the peso-problem for rejection of the Expectation Hypothesis of the Term Structure (EHTS). Our reasoning is based on a term structure model that allows for both phenomena simultaneously.
openaire +1 more source
Cadernos de Saúde Pública, 2011 Com o objetivo de avaliar a magnitude do excesso de peso e fatores associados em adultos do Estado de Pernambuco, Brasil, foi realizado estudo transversal, de base populacional, em 2006, envolvendo 1.580 adultos, na faixa etária de 25-59 anos.
Claudia Porto Sabino Pinho +6 more
doaj +1 more source