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Convergence of Capital Markets and Internationa...
49,00 € *
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This book examines advantages and disadvantages of national and international investments regarding the convergence of the capital markets and their correlation. The analysis focuses on diversification benefits of investig across countries versus investing across industry sectors. It provides an interpretation of the Markowitz's Mean-Variance analysis. It shows the contribution of the exchange rate risk to the total risk of stock indices portfolio using monthly returns for the last 15 years. It undertakes a correlation analysis among different country and industry indices. The examination of different market situations such as bear and bull markets confirms instability of the correlation coefficients and exhibits their undesirable properties under these special market conditions. It provides an analytical and geometrical interpretation of the traditional spanning tests (likelihood ratio, Wald and Langrange multiplier) as well as the alternative for the traditional tests: step down procedure. The empirical results suggest that adding of the country indices to the portfolio of the investor leads to better portfolio performance than the adding of the industry indices.

Anbieter: Dodax
Stand: 20.10.2020
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Legal Traditions, Legal Reforms and Economic Pe...
114,52 € *
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This book investigates whether legal reforms intended to create a market-friendly regulatory business environment have a positive impact on economic and financial outcomes. After conducting a critical review of the legal origins literature, the authors first analyze the evolution of legal rules and regulations during the last decade (2006-2014). For that purpose, the book uses legal/regulatory indicators from the World Bank's Doing Business Project (2015). The findings indicate that countries have actively reformed their legal systems during this period, particularly French civil law countries. A process of convergence in the evolution of legal rules and regulations is observed: countries starting in 2006 in a lower position have improved more than countries with better initial scores. Also, French civil law countries have reformed their legal systems to a larger extent than common law countries and, consequently, have improved more in the majority of the Doing Business indicators used. Second, the authors estimate fixed-effects panel regressions to analyze the relationship between changes in legal rules and regulations and changes in the real economy. The findings point to a lack of systematic effects of legal rules and regulations on economic and financial outcomes. This result stands in contrast to the widespread belief that reforms aiming to strengthen investor and creditor rights (and other market-friendly policies) systematically lead to better economic and financial outcomes.

Anbieter: Dodax
Stand: 20.10.2020
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Convergence of Capital Markets and Internationa...
44,99 € *
ggf. zzgl. Versand

This book examines advantages and disadvantages of national and international investments regarding the convergence of the capital markets and their correlation. The analysis focuses on diversification benefits of investig across countries versus investing across industry sectors. It provides an interpretation of the Markowitz's Mean-Variance analysis. It shows the contribution of the exchange rate risk to the total risk of stock indices portfolio using monthly returns for the last 15 years. It undertakes a correlation analysis among different country and industry indices. The examination of different market situations such as bear and bull markets confirms instability of the correlation coefficients and exhibits their undesirable properties under these special market conditions. It provides an analytical and geometrical interpretation of the traditional spanning tests (likelihood ratio, Wald and Langrange multiplier) as well as the alternative for the traditional tests: step down procedure. The empirical results suggest that adding of the country indices to the portfolio of the investor leads to better portfolio performance than the adding of the industry indices.

Anbieter: Thalia AT
Stand: 20.10.2020
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Better and Faster: The Proven Path to Unstoppab...
28,99 € *
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Out-innovate, outsmart and outmaneuver your competitors with tactics from the CEO of TrendHunter.com, Jeremy Gutsche. In our world of chaos and change, what are you overlooking? If you knew the answer, you'd be a better innovator, better manager, and better investor. This book will make you better by teaching you how to overcome neurological traps that block successful people, like you, from realizing your full potential. Then, it will make you faster by teaching you 6 patterns of opportunity: Convergence, Divergence, Cyclicality, Redirection, Reduction and Acceleration. Each pattern you'll learn is a repeatable shortcut that has created fortunes for ex-criminals, reclusive billionaires, disruptive CEOs and ordinary people who unexpectedly made it big. In an unparalleled study of 250,000 ideas, Jeremy and his TrendHunter.com team have leveraged their 100,000,000 person audience to study what actually causes opportunity: data-driven research that was never before possible. The result is a series of frameworks battle-tested with several hundred brands, and top executives at some of the most successful companies in the world who rely on Jeremy to accelerate their hunt for ideas. Better and Faster will help you learn to see patterns and clues wherever you look that will put you on the smarter, easier path to finding those breakthrough ideas, faster.

Anbieter: Thalia AT
Stand: 20.10.2020
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