Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis ppt
Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis ppt
... valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis 214 Are there ... includes Austria, Belgium, Finland, France, and The Netherlands. The window length in all cases is 500 days. Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro ... et al. (2008), and Bai and Collin-Dufresne (2009), among others. Credit-risk valuation in the sovereign CDS and bonds markets: Evidence from the euro area crisis 15Spain) during the period July...
- 44
- 742
- 0
THE DEGREE OF JUDICIAL ENFORCEMENT AND CREDIT MARKETS: EVIDENCE FROM JAPANESE HOUSEHOLD PANEL DATA ppt
... to incoming trials declined in 2006, it is still high in Chubu and Kanto. In addition, the ratio of pending trials to incoming trials in Hokkaido is smaller than the median, indicating that the ... check the robustness of our results, we first tried using the length of trials and the ratio of the number of pending trials to the number of incoming trials instead of using dummy variables thereon. ... results shown in Table 3. Second, we tried using dummy variables pertaining to the pending rates in summary courts23 and found that the dummy variables pertaining to pending rates in summary...
- 31
- 429
- 0
Environmental regulation and economic competitiveness: Evidence from the textile industry in Vietnam
... into their current financial situation. Theoretically, the first and foremost objective of any firms is the profit and their ability to maintain the profitability in the long term. The industrial ... priority areas and actually very few firms are able to borrow from it. The fourth source is non-banking capital, including firm’s equity and funds mobilized from the informal banking system including ... are struggling to pay back the debt to State Bank and maintaining the payroll and meeting the planned output. ” The same situation is experienced by the Namdinh Textile Co., another state-owned...
- 50
- 602
- 1
Monetary Policy Surprises and Interest Rates: Evidence from the Fed Funds Futures Market doc
... would involve the difference between the closing futures rate on the 15th and the opening rate on the 16th.Table 2 lists the 42 target rate changes contained in the sample, and their futures-baseddecomposition ... 0Notes: The change in the target Fed funds rate is expressed in percent, and the interest rate changesare expressed in basis points. The sample contains 42 changes in the target Fed funds rate from ... Riagain represents the yields on 3- 6- and 12-month bills, 2- 5- and 10-year notes, and 30-year bonds. The results appear in Table 3.Two main conclusions emerge from the table. The first is that the...
- 24
- 484
- 0
Deep Recessions, Fast Recoveries, and Financial Crises: Evidence from the American Record ppt
... depth of the contraction and an interactionbetween the financial crisi s dummy and the de pt h of the contraction. A Chowtest then determines the significanc e of excluding the dummy and the interactionterm. ... vigorous. Again the Fed, worrying about rising in ation and gold outflows, began tightening in August 1958. The tightening cycle ended witha recession beginning in April 1960 (Friedman and Schwartz ... for 27 business cycles, startin g with the peak in 1882 and ending with the recovery from the 2007 recessi on.We measure the amplitude of the contraction by the percentage drop (from the peak)...
- 46
- 503
- 0
Wars and Child Health: Evidence from the Eritrean-Ethiopian Conflict pdf
... and 2 contain binary variables indicating whether a child was born before or during the war in war-affected areas. We also use a continuous measure of war exposure in estimating the following ... across regions in exposure to the war) and temporal (within a given region, the timing of whether a child was born during the war period). These variables are binary and indicate whether a child ... birth using an Epanechnikov kernel. The dashed lines indicate children living in war regions, while the solid lines indicate children living in non-war regions. Vertical dashed lines show the starting...
- 45
- 243
- 0
Testing the Trade Credit and Trade Link: Evidence from Data on Export Credit Insurance docx
... - from the upswing of 2005 to the peak of the financial crisis in 2009, and the stabilization of activity in 2010-11. Trade credit is significantly determined by the level of liquidity in the ... higher the liquidity in the economy, the cheaper and more available trade credit and hence trade credit insurance, leading normally to an increase in supply and demand. We use the second lag of the ... global imports and trade credit. In their own paper, Amiti and Weinstein (2011) use bank health as a proxy for trade finance. We also support and further expand on their findings by using both bank-related...
- 26
- 405
- 0
household liquidity and financial innovations evidence from the survey of consumer finances
... of the copyright owner. Further reproduction prohibited without permission.Household liquidity and financial innovations: Evidence from the Survey of Consumer FinancesLyons, Angela ChristineProQuest ... Dissertations and Theses; 2001; ProQuest Centralpg. n/aReproduced with permission of the copyright owner. Further reproduction prohibited without permission.Reproduced with permission of the copyright ... permission.Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.Reproduced with permission of the copyright owner. Further reproduction prohibited without...
- 185
- 310
- 0
Tài liệu an analySiS of euro area Sovereign CDS anD their relation With government bonds docx
... the crisis, limited trading activity in the sovereign CDS market affected price discovery and the linkages between the bond and the derivative market. Since the start of the crisis period the ... has to finance the purchase of the underlying bond and buy protection in the CDS market. In this case, default risk arising from the underlying entity is fully removed from the resulting position. ... bonds and its CDS. Like most CDS contracts, sovereign CDS typically serve as trading instruments rather than pure insurance instruments. Investors commonly use sovereign CDS mainly for the following...
- 49
- 1,460
- 0
Tài liệu University Oars Being a Critical Enquiry Into the After Health of the Men Who Rowed in the Oxford and Cambridge Boat-Race, from the Year 1829 to 1869, Based on the Personal Experience of the Rowers Themselves pdf
... OARS.of nine miles. Men such as these rarely walk nine miles in a fortnight; for in going to their business and in re-turning to the place from whence they came, they either" ride in the bus/' ... sea;but in loitering about the beach, in watching the bathing-machines, in gazing at Punch and Judy, in pickingshrimps and in listening to the discordant melodies ofrival German bands. Should ... isportrayed in every lineament and tissue the musclesare pale and flaccid, the bones soft and crooked ; the joints large and distorted; the cheeks sunk, blanched, and flabby; the skin thin and transparent;...
- 419
- 541
- 0
Từ khóa: Nghiên cứu sự biến đổi một số cytokin ở bệnh nhân xơ cứng bì hệ thốngNghiên cứu tổ chức chạy tàu hàng cố định theo thời gian trên đường sắt việt namBiện pháp quản lý hoạt động dạy hát xoan trong trường trung học cơ sở huyện lâm thao, phú thọGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitGiáo án Sinh học 11 bài 13: Thực hành phát hiện diệp lục và carôtenôitĐỒ ÁN NGHIÊN CỨU CÔNG NGHỆ KẾT NỐI VÔ TUYẾN CỰ LY XA, CÔNG SUẤT THẤP LPWANQuản lý hoạt động học tập của học sinh theo hướng phát triển kỹ năng học tập hợp tác tại các trường phổ thông dân tộc bán trú huyện ba chẽ, tỉnh quảng ninhPhát triển du lịch bền vững trên cơ sở bảo vệ môi trường tự nhiên vịnh hạ longPhát hiện xâm nhập dựa trên thuật toán k meansNghiên cứu về mô hình thống kê học sâu và ứng dụng trong nhận dạng chữ viết tay hạn chếĐịnh tội danh từ thực tiễn huyện Cần Giuộc, tỉnh Long An (Luận văn thạc sĩ)Chuong 2 nhận dạng rui roGiáo án Sinh học 11 bài 15: Tiêu hóa ở động vậtGiáo án Sinh học 11 bài 15: Tiêu hóa ở động vậtGiáo án Sinh học 11 bài 14: Thực hành phát hiện hô hấp ở thực vậtChiến lược marketing tại ngân hàng Agribank chi nhánh Sài Gòn từ 2013-2015Đổi mới quản lý tài chính trong hoạt động khoa học xã hội trường hợp viện hàn lâm khoa học xã hội việt namMÔN TRUYỀN THÔNG MARKETING TÍCH HỢPTÁI CHẾ NHỰA VÀ QUẢN LÝ CHẤT THẢI Ở HOA KỲ