Bonds and optimizing

Xem 1-19 trên 19 kết quả Bonds and optimizing
  • Tham khảo sách 'advances in econometrics - theory and applications', kinh doanh - tiếp thị, kế hoạch kinh doanh phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả

    pdf126p wqwqwqwqwq 18-07-2012 63 33   Download

  • In one way or another, business activity must be financed. Without finance to support their fixed assets and working capital requirements, businesses could not exist. There are three primary sources of finance for companies: ● a cash surplus from operating activities ● new equity funding ● borrowing from bank and non-bank sources. Non-bank sources are mainly investors in the capital markets who subscribe for bonds and other securities issued by companies.

    pdf110p taurus23 25-09-2012 32 16   Download

  • Asset allocation investigates the optimal division of a portfolio among different asset classes. Standard theory involves the optimal mix of risky stocks, bonds, and cash together with various subdivisions of these asset classes. Underlying this is the insight that diversification allows for achieving a balance between risk and return: by using different types of investment, losses may be limited and returns are made less volatile without losing too much potential gain.

    pdf414p hotmoingay 04-01-2013 37 10   Download

  • The analysis by Tirole (2008) of maturity transformation by financial intermediaries such as pension funds and insurance companies which have (uncertain) long-term liabilities (and assets of a shorter maturity) carries this Keynesian tradition further. In the presence of macroeconomic shocks that affect everybody simultaneously, he argues, private sector assets are not useful. Instead what is needed is an external risk-free store of value such as government bonds.

    pdf33p taisaovanchuavo 23-01-2013 28 4   Download

  • The RBI operates the government bond market, and therefore acts as monetary authority and debt manager, as well as regulator of the government bond market and its key participants— primary dealers and banks. 6 Other participants are regulated by SEBI, the Insurance Regulatory and Development Agency (IRDA), or the Provident Fund regulator. New securities are issued by auction, with primary dealers required to participate. Trading is a mix of OTC bilateral negotiation and an order matching system.

    pdf31p enter1cai 16-01-2013 31 3   Download

  • We assume that every instrument of interest can be assigned a fair value. If the payoff stream of the instrument is ,wedenoteitsfairvalue  Following GAAP accounting rules, we view the fair value as the price at which the instrument could be sold “in an orderly transaction”. For instruments traded in a market, fair values can be read off market prices. For nontraded instruments, such as loans, fair values have to be constructed from the payoffs of comparable instruments. The fair values of fixed income instruments exhibit a low-dimensional factor structure.

    pdf0p taisaovanchuavo 23-01-2013 29 3   Download

  • As regional leaders grapple with these design questions, they learn to become more trusting of one another. As these relationships grow, leaders’ capacity to think and act quickly on complex strategic issues can increase dramatically. Stronger, more focused leadership networks emerge that are capable of taking on the challenges of transforming a regional economy. Successful regions build stable, pragmatic partnerships composed of people who share important qualities. These individuals possess the personal integrity needed to strengthen the bonds of trust within the team.

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  • Despite this, there is little evidence that actual or expected future sales significantly affected asset prices. Graph 5 (centre and right-hand panels) shows time series of price quotes for selected high-spread securitised assets, distressed bonds and leveraged loans. True, the price of US leveraged loans fell and spreads on some securitised assets rose after the EBA capital target announcement, consistent with the deleveraging implications of this news.

    pdf26p machuavo 19-01-2013 11 2   Download

  • One focus of this monograph is on how human capital interacts with financial capital. Understanding this interaction helps us to create, manage, protect, bequest, and especially, appropriately consume our financial resources over our lifetimes. In particular, we propose ways to optimally manage our stock, bond, and so on, asset allocations with various types of insurance products. Along the way, we provide models that potentially enable individuals to customize their financial decision making to their own special circumstances....

    pdf0p mebachano 01-02-2013 24 2   Download

  • The link between Önancial asset prices and macro variables has become a popular Öeld of the economic research over the past decades. Many studies, mostly applied on the United States, have shown that the term spread, measured as the di§erence between yields on longer maturity bonds and money market interest rates, has predicted macro variables more accurately compared with other Önancial asset classes. Results concerning the ability of stock prices, usually in the form of broad-based indices, in predicting such variables have been mixed.

    pdf33p bocapchetnguoi 06-12-2012 22 1   Download

  • A convertible bond is a security that the holder can convert into a specified number of underlying shares. We enrich the standard model by introducing some default risk of the issuer. Once default has occured payments stop immediately. In the context of a reduced form model with infinite time horizon driven by a Brownian motion, analytical formulae for the no-arbitrage price of this American contingent claim are obtained and characterized in terms of solutions of free boundary problems.

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  • This Green Paper has the objective to launch a broad public consultation on the concept of Stability Bonds, with all relevant stakeholders and interested parties, i.e. Member States, financial market operators, financial market industry associations, academics, within the EU and beyond, and the wider public as a basis for allowing the European Commission to identify the appropriate way forward on this concept.

    pdf37p enter1cai 16-01-2013 17 1   Download

  • Despite all the skepticism, the ‘old savings’ bonds turned out to be the perfect opportunity for the development of financial market in Serbia. This was a new and liquid security that carried virtually no risk for its holders. However, for a number of reasons, the bond market became distorted, dividing into primary and secondary markets, with the secondary market further segmented into over-the-counter and stock exchange markets.

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  • Single period market models are the most elementary market models. Only a single period is considered. The beginning of the period is usually denoted by the time t = 0 and the end of the period by time t = 1. At time t = 0 stock prices, bond prices,possibly prices of other financial assets or specific financial values are recorded and the financial agent can choose his investment, often a portfolio of stocks and bond. At time t = 1 prices are recorded again and the financial agent obtains a payoff corresponding to the value of his portfolio at time t = 1....

    pdf104p haiduong_1 03-04-2013 33 7   Download

  • On the simplest level, making optimal financial decisions has to do with buying assets that add value and advoid those that don't. For example, you need to decide whether to keep using your old, inefficient photocopying machine or buy an expensive new one that works faster, doesn't break down as often, and uses less ink and energy. The finance question about these two alternatives is: Which- keeing the old photocopier or buying a new one- adds more value to your business? To make a determination about hou valuable things (such as stocks, bonds, machines, companies) are, you need to be......

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  • As a starting point, we look at publications from investment banks and at the development of interest rate swap spreads around key fiscal policy events. The euro interest rate swap spread seems to be a good indicator of the relative risk of private versus government long-term bonds versus the private inter-bank market. The main result of our review of investment bank newsletters and notes is that market participants closely observe and contribute to the debate on the SGP and its implementation.

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  • The aim of this study was to increase the stability of the thermolabile (ba)8-barrel enzyme indoleglycerol phosphate synthase from Escherichia coli by the introduction of disulfide bridges. For the design of such variants, we selected two out of 12 candidates, in which newly introduced cysteines potentially form optimal disulfide bonds. These variants avoid short-range connections, substitutions near catalytic residues, and crosslinks between the new and the three parental cysteines.

    pdf9p research12 01-06-2013 11 2   Download

  • Only 2% of the known natural products with acetylenic bonds area-alkynoates. Their polarized, conjugated triple bond is an optimal target for an enzymic hydration. Therefore they are good substrates for the enzymes involved in metabolism of acetylenic compounds, resulting in products that are suitable for bacterial growth. We isolated a Pseudomonas putida strain growing on 2-butynedioate as well as on propynoate, and determined the metabolic pathways of these two a-alkynoates.

    pdf6p tumor12 20-04-2013 12 1   Download

  • The exocyclic hydroxymethyl group of the -D-1-amino-1-deoxyglucopyranose can rotate around the carbon-carbon bond. Potential energy surface for this rotation has been investigated using ab initio quantum chemical methods. Relevant stationary points, including for the first time rotational transition states have been characterized by full geometry optimization using basis sets 6-31G(d) and 6-31G(2d,lp). There is a total of six stationary points along the hydroxymethyl rotational surface, including three minima and three transition states were identified.

    pdf5p uocvong04 24-09-2015 8 2   Download


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