Fixed Income Modelling offers a unified presentation of dynamic term structure models and their applications to the pricing and risk management of fixed income securities. It explains the basic fixed income securities and their properties and uses as well as the relations betwee…
Energy production and supply, as well as sourcing and consumption, are becoming evermore important in a volatile world. In this book, attention is paid to prevalent energy issues from a finance perspective. The topics discussed cover markets, prices, regulations and firms. An in…
My dissertation consists of three chapters. In the first chapter, I show across three different settings that an individual's history of experiencing persistent processes can impact their beliefs. First, I examine analyst forecasts of earnings and show that forecasters who have …
Presents analyses of historical developments and economic challenges for the EU. This book points out the economic shifts between Europe, Asia and the US. It discusses the challenges of information and communication technologies by means of various country analyses.
The dissertation consists of three essays in financial economics. In the first essay, using historical prices for futures contracts tied to U.S. election outcomes, I develop a measure of firm-level partisan exposure. This measure captures the sensitivity of a firm's stock return…
The first chapter constructs the monthly current account factor that is a good proxy for quarterly current accounts, and it examines the effect of the current account factor on the US term structure. Using the Generalized Method of Moments, I estimate the term structure with inf…
