Setting the market price
Journal Title: Revista Romana de Statistica - Year 2016, Vol 64, Issue 4
Abstract
This paper presents some consideration related to the modeling of the market price. There are treated the competitive markets for guarantees Arrow-Debreu, the theorem of economic welfare, the equity premium, the capital asset-pricing model, the theorem of second funds separation, the pricing of bonds. In this respect, the authors analyze the also the factors that influence the interest rate, and the yield curve. The investment in bonds offers a lower risk exposure for the investor, but the expected benefits are, likewise, smaller, which implies a precise measurement of invested resources and probable profits.
Authors and Affiliations
Mario Pagliacci, Ion Partachi, Georgiana Niţu, Alexandru Badiu
Macroeconomic Variables and Stock Market Evolution
This study investigates the relationship between local and global macroeconomic factors and stock market indices in Romania using the framework of the macroeconomic APT model. Many researchers have demonstrated that macr...
Impact Of Structural Shifts on Variance Persistence in Asymmetric Garch Models: Evidence From Emerging Asian and European Markets
In this study we examined the effect of structural break points in conditional volatility on variance persistency of asymmetric GARCH models. We used Bai and Perron methodology to detect structural break points in condit...
Statistical-Based Insights in Spence’s Theory of Honest Signaling
Since Michael Spence revealed the secrets of (dis)honest signalling on labour market, an increasing body of literature in various fields struggled to find the best way to solve the game under imperfect information that d...
Analysis Model of credit Risk
Credit risk can be defined as the risk that arises when the bank customer does not fulfill its obligations in accordance with the terms and provisions of the contract by losses holder of assets. Credit risk represents th...
Elemente privind conceptul juridic al proprietăţii private
The authors analyze the judicial concept of private property through the angle of law texts. There are presented and interpreted the judicial characters, the attributes and the limits of the judicial concept of private p...