Crater
发表于 2025-3-25 03:46:51
eby, changes in fundamentals as well as information are considered as the driving force for the behavior of speculators and investors. The first essay deals with currency crises, in which the central bank, through setting the interest rate, steers the economy and defends against speculators. The sec
暂时中止
发表于 2025-3-25 08:51:33
Martin Elff,Sigrid Roßteutscherm an improper uniform prior distribution and cannot be observed directly. However, public information about the firm is available y = θ + ηy, where ηy is an error that is normally distributed with mean 0 and precision α.34 Every investor i observes a private signal xi = θ+εi, where εi is normally distributed with mean 0 and precision β.
绝种
发表于 2025-3-25 14:37:54
https://doi.org/10.1007/978-3-658-42694-1rvival probability. If the bond price is above the expected payoff, investors take the profit and foreclose. For bond prices below, investors roll over, so that in equilibrium the survival probability equals the bond price and investors are indifferent between foreclosure and rollover.
长处
发表于 2025-3-25 16:38:02
https://doi.org/10.1007/978-3-658-42694-1e of a firm, on which they base their investment decision? In a global game, creditors receive signals about the underlying state, which are weighed according to their precision to form posterior beliefs. Upon these beliefs creditors form payoff expectations and take their investment decision.
Pandemic
发表于 2025-3-25 23:24:50
Das Problem der theoretischen Terme,f the fundamentals at terminal time less an amount c representing the costs of the regime change. For the remainder of the paper, we assume that the proceeding regime is in a steady state, so that the terminal value υ is constant.
谦虚的人
发表于 2025-3-26 00:28:20
,„Zeitverschwendung“: Biografisches,bt and shortterm debt. The number of outstanding shares is computed as ratio of total sales (code 104) and sales per share (code 1505). US Treasury Bill returns with a maturity of 1 year are used as the risk free interest rate. I use five year CDS spreads from Bloomberg as faras available in the database.
Corral
发表于 2025-3-26 07:13:54
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生命层
发表于 2025-3-26 09:39:34
Data and Computationbt and shortterm debt. The number of outstanding shares is computed as ratio of total sales (code 104) and sales per share (code 1505). US Treasury Bill returns with a maturity of 1 year are used as the risk free interest rate. I use five year CDS spreads from Bloomberg as faras available in the database.
CAMP
发表于 2025-3-26 13:01:31
Book 2016 considered as the driving force for the behavior of speculators and investors. The first essay deals with currency crises, in which the central bank, through setting the interest rate, steers the economy and defends against speculators. The second essay examines the effects of a rating and possible
Instantaneous
发表于 2025-3-26 19:25:32
Introductioner, it did not incorporate the main role of the central bank adequately. In fact, setting the interest rate influences the fundamentals and the costs of speculators. Thus, the behavior of the central bank is neither a passive reaction due to speculative pressure nor sole signalling—it changes the state of the economy.