منابع مشابه
Explaining the Forward Interest Rate Term Structure
We present compelling empirical evidence for a new interpretation of the Forward Rate Curve (frc) term structure. We find that the average frc follows a squareroot law, with a prefactor related to the spot volatility, suggesting a Value-at-Risk like pricing. We find a striking correlation between the instantaneous frc and the past spot trend over a certain time horizon. This confirms the idea o...
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The purpose of this article is to explain the spread between rates on corporate and government bonds. We show that expected default accounts for a surprisingly small fraction of the premium in corporate rates over treasuries. While state taxes explain a substantial portion of the difference, the remaining portion of the spread is closely related to the factors that we commonly accept as explain...
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The facility interest rate is one of the most important macroeconomic variables. The bank facility interest rate is associated with other macro-economic variables, one of which is the bank deposit interest rate. Using the time series data of the 1973-2017 period and the simultaneous equation system, the researchers estimated four equations using the three-stage least squares method.The result o...
متن کاملExplaining Underrepresentation: A Theory of Precluded Interest
What processes best explain women's underrepresentation in science, math, and engineering fields in the U.S.? Do they also explain men's underrepresentation in the humanities? Two survey studies across two U.S. West Coast universities (N = 62; N = 614) addressed these questions in the context of two fields: one male-dominated (computer science) and the other female-dominated (English). Among a ...
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We propose a stochastic model of aging to explain deviations from exponential growth in mortality rates commonly observed in empirical studies. Mortality rate plateaus are explained as a generic consequence of considering death in terms of first passage times for processes undergoing a random walk with drift. Simulations of populations with age-dependent distributions of viabilities agree with ...
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ژورنال
عنوان ژورنال: International Business & Economics Research Journal (IBER)
سال: 2012
ISSN: 2157-9393,1535-0754
DOI: 10.19030/iber.v11i10.7258