Department of Biological Sciences, Michigan Technological University, Houghton, MI, USA Trista J. Vick-Majors College of Marine Sciences, University of South Florida, St. Petersburg, FL, USA Brad E. Rosenheim Department of Land Resources and Environmental Sciences, Montana State University, Bozeman, ...
As IRs have variations in time, which are determined by the Central Bank of each country (or decided by market mechanisms), the cost of money exchange and the risk of the investment cannot be stable. However, the majority of the studies assume a stable IR in order to estimate the risk ...