Long-range correlation and market segmentation in bond market

نویسندگان
چکیده

برای دانلود باید عضویت طلایی داشته باشید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Long - range correlations and nonstationarity in the Brazilian stock market ⋆

We report an empirical study of the Ibovespa index of the São Paulo Stock Exchange in which we detect the existence of long-range correlations. To analyze our data we introduce a rescaled variant of the usual Detrended Fluctuation Analysis that allows us to obtain the Hurst exponent through a one-parameter fitting. We also compute a time-dependent Hurst exponent H(t) using three-year moving tim...

متن کامل

a study on rate making and required reserves determination in reinsurance market: a simulation

reinsurance is widely recognized as an important instrument in the capital management of an insurance company as well as its risk management tool. this thesis is intended to determine premium rates for different types of reinsurance policies. also, given the fact that the reinsurance coverage of every company depends upon its reserves, so different types of reserves and the method of their calc...

Bond Market Access and Investment

Prior research has shown that differential access to debt markets significantly affects capital structure. In this paper, we examine the effect of access to debt markets on investment decisions by using debt ratings to indicate bond market access. We find that rated firms are more likely to undertake acquisitions than nonrated firms. This finding remains even after accounting for firm character...

متن کامل

Market Segmentation in Tourism

Tourists are not all the same, they have different pictures of their ideal vacation. Tourists are heterogeneous. Market segmentation is the strategic tool to account for heterogeneity among tourists by grouping them into market segments which include members similar to each other and dissimilar to members of other segments. Both tourism researchers and tourism industry use market segmentation w...

متن کامل

Quality Competition and Market Segmentation in the Security Software Market

Setting u n+1 = 1, from Figure 2, we can find the market coverage of θ j , j = 1, 2, …, n, as x j = u j+1 – u j , which can be summed over j to obtain u i = 1 – G n j =i x j. Substituting this into (2) for i = 1 and noting that p 0 = θ 0 = 0, we find (A1) p G u G x j j n 1 11 1 1 1 = = −       =  θ θ We will now prove the lemma by induction. It is clear that (3) reduces to (A1) for i = 1...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

ژورنال

عنوان ژورنال: Physica A: Statistical Mechanics and its Applications

سال: 2017

ISSN: 0378-4371

DOI: 10.1016/j.physa.2017.04.066