Results 111 to 120 of about 7,235,439 (370)
No-Arbitrage Taylor Rules [PDF]
We estimate Taylor (1993) rules and identify monetary policy shocks using no-arbitrage pricing techniques. Long-term interest rates are risk-adjusted expected values of future short rates and thus provide strong over-identifying restrictions about the ...
Andrew Ang, Monika Piazzesi, Sen Dong
core
On free lunches in random walk markets with short-sale constraints and small transaction costs, and weak convergence to Gaussian continuous-time processes [PDF]
, 2011 This paper considers a sequence of discrete-time random walk markets with a safe and a single risky investment opportunity, and gives conditions for the existence of arbitrages or free lunches with vanishing risk, of the form of waiting to buy and ...
Framstad, Nils Chr.
core
Public Trust in Global AI Governance Across Geopolitical Rivals
Global Policy, EarlyView.ABSTRACT The global governance of artificial intelligence (AI) depends on coordination among national governments, international organizations, and non‐state actors. While existing research has mapped the institutional complexity of the emerging AI regime, public trust in the stakeholders involved remains underexplored.
Xiaojun Li
wiley +1 more source
Equity Price Risk and Return: Evidence from the Karachi Stock Exchange
JISR Management and Social Sciences & Economics, 2009 This paper examines the tradeoff between equity price risk and returns obtained through various approaches. Capital asset pricing model (CAPM) and arbitrage pricing model (APT) are considered to be the fundamental building blocks of the portfolio theory,
Talha Bin Ali Khan, Ali Khizar Aslam
doaj
Detecting Tail Risks to Preclude Regulatory Arbitrage [PDF]
, 2020 Matthias Thiemann, Tobias Tröger
openalex +1 more source
Iron Ore Pricing in China: Financialization Through a Marxist Lens
Abacus, EarlyView.We offer a Marxist interpretation of financialization as we examine the Chinese market for iron ore and the shift in the pricing mechanism from an annual fixed price to an indexed price from 2010. Drawing upon Marx's theory of the circuit of capital, we illustrate an empirical case of financialization that results from the conflict between social ...
Xun Gong, Eagle Zhang, Corinne Cortese
wiley +1 more source
A Stochastic String with a Compound Poisson Process
Abstract and Applied Analysis, 2013 We investigate a compound Poisson infinite factor diffusion model which describes the relationship between the infinite-dimension random risk resource and the corresponding stochastic process.
Sheng Fan
doaj +1 more source
Efficient Monetary Allocations and the Illiquidity of Bonds. [PDF]
We construct a monetary economy with heterogeneity in discounting and consumption risk. Agents can insure against this risk with both money and nominal government bonds, but all trades must be monetized.
Boel, Paola, Camera, Gabriele
core
Asia‐Pacific Economic History Review, Volume 65, Issue 1, Page 131-159, March 2025.Abstract This study examines the adaptive market hypothesis in the prewar and wartime Japanese stock market using a new market capitalization‐weighted price index. First, we find that the degree of market efficiency varies over time and with major historical events. This implies that the hypothesis is supported in this market.
Kenichi Hirayama, Akihiko Noda
wiley +1 more source