A comparative evaluation of alternative models of the term structure of interest rates
Article Abstract:
Volatility is an essential element in the important applications of term structure models. The relative performance of alternative models is closely related to their ability to capture the volatility of changes in the interest rate. Alternative models of the term structure of interest rates are classified in two approaches. These are the no-arbitrage and the general equilibrium approach.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 1996
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The comparative statics on asset prices based on bull and bear market measure
Article Abstract:
The comparative statics on bull and bear market measure on equilibrium asset prices, by deriving the properties of the risk free rate and discounted prices of dividend monotone assets is discussed.
Publication Name: European Journal of Operational Research
Subject: Business, international
ISSN: 0377-2217
Year: 2006
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