Credit derivatives with multiple debt issues

Article Abstract:

The exponential growth of credit derivatives has retained the attention of many researchers in credit risk pricing. The results focuses on the broader corporate debt structure, which does not preclude analytical formulations for the value and behavior of the most standard credit derivatives contract.

Belgium, Pricing Policy, Derivatives (Financial instruments), Pricing, Growth, Company growth, Product price

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Long - horizon regression tests of the theory of purchasing power parity

Article Abstract:

The hypothesis of purchasing power parity is tested across 21 OECD countries for the floating exchange rate period (1973-1998) by using long run regression approach of Fisher and Seater. The power of the long run regression tests is investigated with Andrews' inverse power functions.

Influence, Foreign exchange rates, Purchasing power

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Rational bubbles or persistent deviations from market fundamentals?

Article Abstract:

Using a present value model, the log dividend yield of S&P 500 is studied for analyzing the fractional integration of the exogenous shocks. The study also examines the effect of log dividend yield on rational bubbles in stock markets.

Dividends, Dividend Policy, Venture Analysis, Analysis, Risk assessment, Stock price indexes, Standard and Poor's 500-Stock Price Index (Index), Company dividends

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