Titlebook: Risk and Capital; Proceedings of the 2 Günter Bamberg,Klaus Spremann Conference proceedings 1984 Springer-Verlag Berlin Heidelberg 1984 Kap

MILL

backdrop

審問,審訊

雪白

Conference proceedings 1984o visualize the many different ways to arrive at a thorough understanding of risk and capital. Rather than focusing on one subject only, the sample of papers collected may be viewed as a representative choice of various aspects. Some contributions have more the character of surveys on the state of t

同來核對

A Consistent Model for the Pricing of Derivative Assets in a Discrete Time Framework asset. Further examples of that kind are convertible securities, secured (collateralized) debt etc. Beside general asset pricing theory it is of its own interest to value derivative assets since it is hoped that they can be valued relative to the prices of primary assets thereby leading to quite simple results.

爵士樂

aggressor

The Impacts of Variance Reducing Strategies in Dyopolistic Capital Marketsany’s value will (in general) be increased and the value of the other companies will be affected. If the other firms react, for instance by trying to reduce in their turn the variance perceived by the investors, a game theoretical situation arises. The paper discusses the case of two companies compe

Engaging

含沙射影

Variable Information and Capital Market Equilibriaformation (EVI) is considered. Since the equilibrium share prices are changed by the information activity, the EVI depends on the group of informed investors. Taking profits by fluctuation in the stock-market into consideration leads to a modified definition for the EVI. For a wide class of informat

FECK

Diffusion Process Specifications for Interest Ratesntly suggested in the finance literature. We derive estimation equations for the parameters of diffusion processes with linear drift and non-constant variances. The results show that none of the specifications is sufficient in explaining the long-run behavior of the investigated interest rate.