منابع مشابه
Dynamics of Bankrupt Stocks
In this thesis, we study the behavior of bankrupt stocks. Bankrupt stock is a special case of the Hard-to-Borrow stocks. Besides the general nice feature of the Hard-to-borrow feedback for the buy-in demand, the bankrupt stocks could exclude the diffusive effects. This nice property would modify the Marco Avellaneda and Mike Lipkin’s jump-diffusion model for the Hard-to-Borrow stocks into the p...
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I address the question of the fluctuations in fishery landings. Using the fishery statistics time-series collected by the Food and Agriculture Organization of the United Nations since the early 1950s, I here analyze fishing activities and find two scaling features of capture fisheries production: (i) the standard deviation of growth rate of the domestically landed catches decays as a power-law ...
متن کاملDynamics of Market Liquidity of Tunisian Stocks:
This paper examines the dynamic behaviour of market liquidity on the Tunisian stock exchange (B.V.M.T.) using high frequency data from a reconstructed limit order book. The BVMT is an electronic pure order driven market that relies only on limit orders to supply liquidity, which may affect its viability and its resiliency. First, we apply a VAR model to stocks traded in continuous in order to e...
متن کاملCredit Supply to Bankrupt Households
The rate of households filing for personal bankruptcy soared in the past two decades, spurring extensive investigations on its causes and policy implications. Recent research suggests that the driving factor may be the sharp decrease in the cost of providing credit, especially unsecured credit cards, to the borrowers that would be not served by traditional lenders (e.g., Livshits, MacGee, and T...
متن کاملCommentary on "Is the United States Bankrupt?"
Kotlikoff scoffs at the use of government debt or budget deficits as a measure of fiscal solvency because these measures are highly sensitive to the labels one attaches to what the government takes in as revenues and what it pays out to its citizens. A country can run budget surpluses and have no debt and yet be broke. The paper therefore suggests relying on generational accounting to examine t...
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ژورنال
عنوان ژورنال: SIAM Journal on Financial Mathematics
سال: 2014
ISSN: 1945-497X
DOI: 10.1137/120872206