We also explore the explanatory power of combinations of these two alternative expected exchange rates including what they might reveal regarding exchange rate premiums. Our results indicate that a combination of the two approaches which models a risk premium may be beneficial. We indicate some ...
On the basis of considering such factors as customer demand elasticity, power purchasing costs in spot market and contract market and the compensation for customers, a risk control model of power purchasing and selling for power supply company under Time-of-use (TOU) mechanism is proposed. Adoptin...
Bilson (1981) and Fama (1984) made studies concerning the risk premium and concluded that the 尾 of the applied model has a negative sign. Such a conclusio... - 《International Journal of Finance》 被引量: 0发表: 2003年 Interest Rates and Stock Markets: an Empirical Analysis of Internation...
Purchasing Power Parity and Exchange Rates: Another Look at the Evidence Journal of International Economics (1978) Pierre Perron Trends and Random Walks in Microeconomic Time Series Journal of Economic Dynamics and Control (June/September 1988) Banerjee et al. Equilibrium, Error-Correction and Cointegra...
This paper tests the validity of Purchasing Power Parity (PPP) doctrine for Ghana using the conventional relative PPP equation. We conducted a univariate Augmented Dickey-Fuller unit root test on the model variables. Exchange rate and CPI data for Ghana and the USA were collected on annual basis...
Essays on purchasing power parity and the foreign exchange risk premium. This dissertation consists of three essays that examine the foreign exchange risk premium, the Purchasing Power Parity (PPP) hypothesis, and the relationsh... O Zengin - The University of North Carolina at Chapel Hill. 被引...
The basic rationale for the doctrine of Purchasing Power Parity (PPP) is arbitrage in international markets for goods. This paper builds on the argument that frictions in international markets for goods limit the opportunity to exercise arbitrage, thereby creating a band of inaction around the PPP ...
Fortunately, integrating SN into NAM models has been shown to significantly enhance its explanatory power. Notably, Hunecke et al. (2001) successfully expanded NAM when studying consumers’ travel mode choices. Their research found that SN positively influenced PN generation and the desire to use ...
How will the purchase power parity affect the multinational financial management of a multinational company? What are the three (3) principal forms of business organization? What are the advantages and disadvantages of each? What are the advantages and disadvantages of stretching payables? If ...
The “Purchasing Power of the Consumer Dollar” – part of the Bureau of Labor Statistics’ Consumer Price Index data released today – is the politically incorrect mirror image of inflation in consumer prices, as measured by the Consumer Price Index (CPI). By wanting to increas...