Tesis sobre el tema "Bonds (Government)"
Crea una cita precisa en los estilos APA, MLA, Chicago, Harvard y otros
Consulte los 50 mejores tesis para su investigación sobre el tema "Bonds (Government)".
Junto a cada fuente en la lista de referencias hay un botón "Agregar a la bibliografía". Pulsa este botón, y generaremos automáticamente la referencia bibliográfica para la obra elegida en el estilo de cita que necesites: APA, MLA, Harvard, Vancouver, Chicago, etc.
También puede descargar el texto completo de la publicación académica en formato pdf y leer en línea su resumen siempre que esté disponible en los metadatos.
Explore tesis sobre una amplia variedad de disciplinas y organice su bibliografía correctamente.
Minella, Carmine Mattia <1994>. "Connectedness in European government bonds: an empirical analysis". Master's Degree Thesis, Università Ca' Foscari Venezia, 2021. http://hdl.handle.net/10579/19575.
Texto completoCox, David Anthony. "Computable equilibria in the UK government bond market with non-neutral tax rules". Thesis, London Business School (University of London), 2000. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.313056.
Texto completoSernova, Elena V. "Adiós to the long-bond will we miss it? /". Diss., Restricted to subscribing institutions, 2005. http://proquest.umi.com/pqdweb?did=921022491&sid=1&Fmt=2&clientId=1564&RQT=309&VName=PQD.
Texto completoHuff, Richard F. "Achieving High Performance in Local Government: Linking Government Outcomes with Human Resource Management Practices". VCU Scholars Compass, 2007. http://hdl.handle.net/10156/2064.
Texto completoVoss, Maj-Lis A. "The term structure of interest rates : U.S. government bonds, 1955-1989 /". Thesis, This resource online, 1990. http://scholar.lib.vt.edu/theses/available/etd-03032009-040609/.
Texto completoSilva, Teresa Gaspar. "The effect of quantitative easing programmes on long-term government bonds". Master's thesis, Instituto Superior de Economia e Gestão, 2017. http://hdl.handle.net/10400.5/14611.
Texto completoO objectivo desta dissertação é apresentar os programas de Quantitative Easing levados a cabo nos Estados Unidos da América, Reino Unido, Zona Euro e no Japão durante a Crise Financeira de 2007-2009 e avaliar o seu impacto na variação das taxas de juro de longo prazo para títulos do Governo, usando dados mensais e trimestrais. A analise empírica consiste em quatro equações para cada frequência temporal usando um estimador OLS. No caso dos USA, foi encontrado suporte de que as politicas de QE diminuem a taxa de juro de longo prazo para títulos do Governo. A mesma relação foi encontrada para o Reino Unido, no entanto com menos assertividade. Os resultados para a Zona Euro e para o Japão foram ambíguos, não foi possível determinar o impacto das medidas de QE para estes países.
The aim of this dissertation is to clarify the Quantitative Easing programmes employed by the United States of America, United Kingdom, Euro Area and Japan during the financial crisis of 2007-2009 and assess its impact into the variation of the long-term Government bond yield, using monthly and quarterly based data. The empirical analysis consisted in four equations for each timeframe using an OLS estimator. It was found evidence supporting that QE diminishes the variation of the long-term Government bond yield in the US. On the UK case, it was found evidence that QE measures reduces the explained variable but with modest strength. In the EA and in Japan the results were ambiguous and one cannot be assertive about the impact of QE policies for both economies.
info:eu-repo/semantics/publishedVersion
Begg, Anne y n/a. "Bicultural nationhood in the bonds of capital". University of Otago. Department of Communication Studies, 2006. http://adt.otago.ac.nz./public/adt-NZDU20070508.142710.
Texto completoMachac, Erik y Renato Cucurnia. "The attraction of foreign government bonds from the perspective of swedish investors". Thesis, Umeå University, Umeå School of Business, 2007. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-1285.
Texto completoEven though today´s world unwinds on the increasing way of the globalisation, investors are aware of the possibilities the international markets offer and distance is not an issue any more, they are still governed by the “home bias factor“. This phenomenon implies that investors tend to prefer investing in domestic securities rather than entering the global market. Swedish investors are not the exception and the issue of the attraction of foreign fixed income securities is highlighted even more when we have found out there is lack of academic research about the topic from the perspective of Swedish investors. To narrow down the research subject and provide a reader with an interesting approach, we decided to examine the attraction of foreign government bonds from the perspective of Swedish investors.
At the beginning of the paper we raised three research questions and defined the objective of the paper in questioning the existence of reasons to invest in foreign government bonds. Another research question was defined as identifying our local investor, who is entering the global market and last, but not least, what investing strategy do we recommend him to follow.
Along the paper we proposed to apply a decent level of informative as well as a scientific approach to provide a reader with a valuable study concerning pre-defined topic. To reach more concrete outcomes of the study we have accepted couple of assumtions which we have identified ourselves with and we have stressed them especially during the theoretical part of the paper.
After conducting the comprehensive analysis of the Swedish market for government bonds we have identified a huge gap between the demand and supply for such bonds and based on the discussion concerning the opportunities and risks connected with such investments we have defined our investor. Under given assumptions, as the most probable case of occurance we consider a rational investor, who is offsetting the balance of interest rate sensitive assets and liabilities simultaneously looking for the best possible yield, the lowest possible risk and sound level of diversification.
During the empirical analysis, namely examination of the national yield curves we set first, however very limited investment strategy. After the incorporation of the portfolio theory, currency rate risk and the existence of instruments covering the foreign currency exposure we have come into a conclusion that our investor does not have to necessarily prefer a security from the depicted efficient frontier, but he can employ other securities as well. As a consequence, when using 100% hedging he can use whichever security on the global market.
At the conclusion, stated findings imply another investigation, since our research was based on very strong assumptions presented during the study. Thus it by far does not provide the reader with a comprehensive investment analysis, which some readers might be interested in. However, even from the beginning we claimed that we do not have such an ambitious goal.
Correia, Alexandra Coelho. "The impact of fiscal rules on government performance and borrowing costs". Master's thesis, Instituto Superior de Economia e Gestão, 2020. http://hdl.handle.net/10400.5/20618.
Texto completoWe assess the impact of numerical fiscal rules on budget balances and sovereign yields, as well as the impact of expenditure rules on primary expenditure. The panel data covers 28 EU countries for the period of 1990-2018. The results show that numerical fiscal rules improve government performance leading to a reduction of budget deficits and lowers sovereign bond yields. Distinctively, expenditure rules hold a significant impact on primary expenditure.
info:eu-repo/semantics/publishedVersion
Coelho, Miguel de Campos Pinto. "Credit ratings and government bonds: evidence before, during and after european debt crisis". Master's thesis, reponame:Repositório Institucional do FGV, 2016. http://hdl.handle.net/10362/120122.
Texto completoFavaretto, Federico. "Essays in International Macroeconomics:". Thesis, Boston College, 2021. http://hdl.handle.net/2345/bc-ir:109208.
Texto completoThesis advisor: Rosen Valchev
This dissertation consists in three chapters, each making a distinct contribution. Chapter 1 empirically tests classic and new Uncovered Interest Parity puzzle in an innovative way. Findings suggest that government debt is significant and economically relevant for UIP puzzles estimation.Chapter 2 shows that a class of macroeconomic models reproduce the UIP puzzle under a standard parametrization and adding convenience yields exogenous dynamics. Chapter 3 is a theoretical model that links financial crises to the election of populists parties, matching empirical evidence from Europe
Thesis (PhD) — Boston College, 2021
Submitted to: Boston College. Graduate School of Arts and Sciences
Discipline: Economics
Vilas-Boas, João Pinto Teixeira. "Nominal and inflation-linked government bonds: An assessment of arbitrage opportunities in UK Gilt Market". Master's thesis, NSBE - UNL, 2013. http://hdl.handle.net/10362/9852.
Texto completoThis study is an assessment of the existence of deviations of the Law of One Price in the UK sovereign debt market. UK government issues two types of debt instruments: nominal gilts and inflation-linked (IL) gilts. Constructing a synthetic bond comprising the IL bonds and also inflation-swaps and gilt strips I was able to build a portfolio that pays to investor exactly the same cash-flow as nominal gilts, with the same maturity. I found that the weighted-average mispricing throughout the period of 2006-11 is only £0,155 per £100 notional. Though, if I restrain my analysis to the 2008-09 crisis period, this amount raises to £4,5 per £100 invested. The weighted-average mispricing can reach values of £21 per £100 notional or, if measured in yield terms, 235 basis points. I have also found evidence that available liquidity on the market and increases on index-linked gilts supply do play a significant role on monthly changes of mispricing in the UK market. I concluded that, although the global mispricing is not significant on UK gilt market, every pair of bonds in the sample presented huge and significant arbitrage opportunities in downturn periods.
Santarlasci, Lapo <1995>. "Network Connectedness Analysis on European Corporate and Government Bonds: reading through latest global financial crises". Master's Degree Thesis, Università Ca' Foscari Venezia, 2021. http://hdl.handle.net/10579/19230.
Texto completoPetrovic, Katarina. "Government Debt : Why Has the Government Debt Increased? An Analysis of What Factors Influence the Long-Term Interest Rate?" Thesis, Karlstads universitet, Fakulteten för ekonomi, kommunikation och IT, 2013. http://urn.kb.se/resolve?urn=urn:nbn:se:kau:diva-29051.
Texto completoEmbree, Larry Dennis 1955. "ESTIMATING THE IMPACT OF SMALL BUSINESS ADMINISTRATION LOANS AND INDUSTRIAL REVENUE BONDS ON RURAL ARIZONA INCOMES AND EMPLOYMENT". Thesis, The University of Arizona, 1986. http://hdl.handle.net/10150/277148.
Texto completoNovák, Alexander. "Financování schodku státního rozpočtu prostřednictvím emise dluhopisů". Master's thesis, Vysoká škola ekonomická v Praze, 2008. http://www.nusl.cz/ntk/nusl-4596.
Texto completoSingla, Akheil. "Financial Crises & Financial Derivatives: Government Use of Interest Rate Swaps From 2003 - 2012". The Ohio State University, 2015. http://rave.ohiolink.edu/etdc/view?acc_num=osu1437058804.
Texto completoŠpaček, Lukáš. "Ekonomická analýza systému maloobchodního prodeje státních dluhopisů". Master's thesis, Vysoká škola ekonomická v Praze, 2009. http://www.nusl.cz/ntk/nusl-76891.
Texto completoCook, David. "Pricing Bond Yields in the European Bond Market". Scholarship @ Claremont, 2010. http://scholarship.claremont.edu/cmc_theses/9.
Texto completoHánová, Lucie. "Vývoj a financování státního dluhu České republiky ve srovnání s ostatními zeměmi Visegrádské čtyřky". Master's thesis, Vysoká škola ekonomická v Praze, 2017. http://www.nusl.cz/ntk/nusl-359698.
Texto completoWilkinson, Carter J. "Do Public Pensions Affect City Borrowing Costs? The Impact of Local Government Pension Contributions on Municipal Debt Yield Spreads". Scholarship @ Claremont, 2014. http://scholarship.claremont.edu/cmc_theses/973.
Texto completoMachač, Erik. "Atraktivita českých státních dluhopisů pro zahraniční investory". Master's thesis, Vysoká škola ekonomická v Praze, 2010. http://www.nusl.cz/ntk/nusl-15437.
Texto completoАнтонюк, Наталія Анатоліївна, Наталия Анатольевна Антонюк, Nataliia Anatoliivna Antoniuk, К. А. Дарченко y О. А. Золотар. "Аналіз динаміки ринку ОВДП в Україні". Thesis, Сумський державний університет, 2020. https://essuir.sumdu.edu.ua/handle/123456789/78853.
Texto completoИсследованы угрозы устойчивости финансовой системы Украины, что обусловлено значительным ростом объема эмитированных облигаций внутреннего государственного займа, которые подлежат погашению в ближайшие сроки. Проведен анализ динамики объема эмиссии государственных облигаций. Обосновано, что срочным является вопрос определения альтернативных источников погашения процентов и номинала государственных облигаций.
Threats to the stability of Ukraine's financial system, which is due to a significant increase in the volume of domestic government bonds issued, which are to be repaid in the near future, have been studied. The analysis of the dynamics of the volume of government bond issues is carried out. It is substantiated that the issue of determining alternative sources of interest and face value of government bonds is urgent.
Pohl, Martin. "Czech Swap Curve, Economic Fundamentals and Financial Markets". Doctoral thesis, Vysoká škola ekonomická v Praze, 2010. http://www.nusl.cz/ntk/nusl-124968.
Texto completoKalantari, Arian. "Government yield spread determinants in the eurozone and the effect of the European debt crisis". Thesis, KTH, Skolan för industriell teknik och management (ITM), 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-264178.
Texto completoInförandet av den ekonomiska och monetära unionen (EMU) i januari 1999 skapade nya villkor för statsskuldmarknaden. Genom att eliminera valutakursrisk mellan medlemsstaterna var förhoppningen att skapa en mer hållbar och integrerad statsskuldmarknad i euroområdet. Trots flera år av relativ stabilitet ledde finanskrisen 2008 och eurokrisen i slutet av 2009 till högre och mer volatila ränteskillnader mellan medlemsstaterna. Denna uppsats undersöker den europeiska obligationsmarknaden för att hitta de grundläggande determinanterna för räntespreads och för att se om effekterna av dessa determinanter har förändrats sedan skuldkrisens början. Genom att använda en “fixed-effects” regressionsmodell visar de empiriska resultaten att kreditrisk, likviditetsrisk, riskaversion spelar en viktig roll för att förklara räntespreads i euroområdet. Vidare finner vi bevis på ökande marginaleffekter för alla determinanter med undantag för global riskaversion sedan krisens början. Vi undersöker också effekten av ECB-Presidentens uttalande 2012 som indikerade en hängivenhet till kvantitativ lättnad som en viktig orsak till fallet i räntespread och illustrerar detta genom att utöka vår modell. Bidraget från denna studie är centrerad kring användandet av längre tidsseriedata som ger den stora fördelen att inkorporera den europeiska skuldkrisen vilket är något som tidigare studier ofta saknat.
Razumnova, Alexandra. "European imbalances and the debt crisis in Europe". Master's thesis, Vysoká škola ekonomická v Praze, 2013. http://www.nusl.cz/ntk/nusl-197811.
Texto completoMormando, Filippo. "Liquidity and regulation of sovereign bond markets after the great recession". Doctoral thesis, Università degli studi di Padova, 2018. http://hdl.handle.net/11577/3426817.
Texto completoLin, Therese. "Modelling Swedish bond market activity : A liquidity proxy using potential and executed trades". Thesis, KTH, Industriell ekonomi och organisation (Inst.), 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:kth:diva-284796.
Texto completoEn välfungerande obligationsmarknad är avgörande för ett lands finansiella stabilitet. Brist på likviditet hindrar marknadsutveckling och medför att investerare blir ovilliga att handla aktivt. Det är därför viktigt att behålla likviditeten i obligationsmarknader. Den här uppsatsen undersöker aktiviteten och likviditeten i de svenska marknaderna för statsobligationer och bostadsobligationer. För att mäta aktiviteten har en kombination av offentlig handelsdata (utförda transaktioner) och privat handelsdata (potentiella transaktioner) använts. Den uppmätta aktiviteten avspeglar storleken på transaktionerna såväl som frekvensen av transaktionerna. Hög aktivitet i marknaden indikerar att likviditeten på marknaden är hög, låg aktivitet indikerar att det råder brist på likviditet i marknaden. Svenska och internationella investerare kan uppleva olika marknadsförhållanden och utsättas för olika risker även när man handlar i samma marknad. Därför har den här studien valt att dela upp investerarna i fyra olika grupper; svenska investerare av statsobligationer, svenska investerare av bostadsobligationer, utländska investerare av statsobligationer och utländska investerare av bostadsobligationer. För att förstå de underliggande faktorerna som driver dessa investerargruppen att vara aktiva på marknaden har regressionsanalys med 11 förklarande variabler använts. På grund av de olika marknadsförhållandena för svenska och utländska investerare, skiljer sig även de drivande faktorerna. Avkastning på obligationsmarknaderna, kortfristiga räntesatsen samt löptidsstrukturen för obligationer visar sig vara signifikanta för alla investerargrupper. Dessutom tyder resultaten på att avkastningen på aktiemarknaden och makroekonomiska nyheter också har betydande inflytande på aktivitet. Positiv utveckling i obligationsmarknaden och aktiemarknaden stimulerar marknadsaktivitet. Den kortfristiga räntan och löptidsstrukturen visar sig ha liknande effekter, positivt inflytande på marknaden för statsobligationer och negativt inflytande på marknaden för bostadsobligationer. För internationella investerare har även två spreadar som återspeglar svenska marknadsförhållanden i relation med utländska marknadsförhållanden inkluderats i regressionsanalysen. Båda spreadarna visar sig vara betydande för utländska investerare. Detta tyder på att utländska investerare väljer att vara aktiva i den marknaderna som de anser ha de mest önskvärda handelsförhållandena.
Catapani, Marcio Ferro. "O mercado de títulos públicos: desmaterialização e circulação". Universidade de São Paulo, 2011. http://www.teses.usp.br/teses/disponiveis/2/2132/tde-21082012-091744/.
Texto completoWhen the State needs to obtain resources in order to finance its activities, it resorts to the market through two main mechanisms: individual loans or public securities. Nowadays, the debt securities total amount is much higher compared to the debts founded on individual loans, due to some advantages of the technology of public securities. Among such advantages, it can be mentioned a larger universe of potential buyers, the possibility of implementing monetary policy, the easier control, and the lower costs of trading and bookkeeping. In recent decades, it has also been noticed that the public bonds are worldwidely issued in both book-entry and electronic ways. In this context, the theoretical and normative tools regarding negotiable instruments can not be applied to these bonds anymore. Indeed, if the traditional doctrine used to consider the public bonds as negotiable instruments, such understanding can no longer take place, specially taking into account the complete absence of any supporting documentation of electronic assets. The peculiar characteristics and rules related to the negotiable instruments, such as the need of the document to enforce the rights, the respect to the terms of the document, the endorsement, and the guaranty are no longer compatible with the present reality of public bonds. A legal concept that can explain the current nature of the public securities and allows the regulation of operations envolving them is the financial instrument. Developed under the European Community law, this concept is not well defined in the Brazilian legal system yet, but nothing prevents its development in our doctrine. Based on the concept of financial instruments, the focus of regulation is no longer each title considered itself, but the markets in which the financial instruments are traded. Thus it becomes important to study the institutional structure of such markets, as well as the leading operations that are performed in the markets scope. Such operations include the issuance and the initial offering, the secondary trading, the redemption, the debt rollover, the renegotiations of the bonds, and the unilateral changes of their characteristcs. In order to develop efficient and liquid markets, certain conditions are essential, such as the existence of minimal degrees of stability, predictability and security; a solid image and reliability of the participating institutions, in particular of the public issuing bodies etc. Moreover, any regulatory framework should be built taking into consideration the interests of each economic agents groups involved, in order to make the allocation of resources in government securities attractive for them.
Suzart, Janilson Antonio da Silva. "Informações contábeis governamentais e o mercado secundário de títulos públicos: um estudo sob a ótica da value relevance no Brasil". Universidade de São Paulo, 2013. http://www.teses.usp.br/teses/disponiveis/12/12136/tde-20012014-164828/.
Texto completoThe society, especially media and investors, has shown some concern about the evidenced information quality by public entities. At 2012\'s end, aiming to improve the fiscal surplus, some operations carried out by the Brazilian federal government were not well seen by banks and consultancies, who questioned and adjusted the government numbers in theirs reports. In the Brazilian case, the concern shown by the market is evidence that these agents can make use of governmental accounting information in addition to worrying about the generating process such information. The international literature highlights evidence on the predictive ability of accounting information in relation to government markets bonds, particularly for securities of subnational governments. However, there is little evidence in the literature about the role of accounting information from national governments. From the observation of this gap, this research sought to identify to what extent accounting information influence the pricing of government bonds issued by the Brazilian federal government, which were traded on the secondary market. In this study, I analyzed the trades without the direct participation of the federal government and registered in the Sistema Especial de Liquidação e de Custódia. I studied the predictive and confirmatory capabilities of Brazilian federal government accounting information, in the period 2003-2012, on a monthly basis. Considering the value relevance approach, I developed prices and returns models for the following series: (i) LFT - Série Única; (ii) LTN - Série Única; (iii) NTN - Série B; (iv) NTN - Série C; and (v) NTN - Série F. After the analysis of the presence of unit roots in the series of prices and / or returns, regressions were estimated using the method of ordinary least squares, for stationary series, and ARIMAX and ARCH models, for non-stationary series. The analyzes showed that the accounting information of the Brazilian federal government have predictive and / or confirmatory capabilities in the pricing of secondary market bonds. However, this does not mean that government accounting information are fully and directly used by bond investors, but these act as proxies of analyzed information by investors at the time of trading such bonds, considering these investors as bounded rational agents. It was evident that although the association between accounting information government and secondary market values secondary market, specific characteristics of the bonds or issuer and macroeconomic factors influence the pricing of bonds. Despite the consistency of the used theoretical model, the main limitation of this research relates to the failure to identify the real decision model of investors of Brazilian securities.
Kunc, Vojtěch. "Státní dluh ČR, jeho financování a srovnání s vybranými státy". Master's thesis, Vysoká škola ekonomická v Praze, 2009. http://www.nusl.cz/ntk/nusl-10507.
Texto completoKupka, Ondřej. "Vývoj a řízení státního dluhu v České republice". Master's thesis, Vysoká škola ekonomická v Praze, 2017. http://www.nusl.cz/ntk/nusl-360698.
Texto completoTeixeira, José Carlos Monteiro. "Ensaios sobre os efeitos dos títulos de dívida pública no setor bancário em Cabo Verde". Doctoral thesis, Universidade de Évora, 2021. http://hdl.handle.net/10174/29226.
Texto completoLO, CONTE RICCARDO. "Government Bond Yield Spreads". Doctoral thesis, Università Cattolica del Sacro Cuore, 2009. http://hdl.handle.net/10280/639.
Texto completoI investigate the determinants of sovereign yield spreads in EMU.
LO, CONTE RICCARDO. "Government Bond Yield Spreads". Doctoral thesis, Università Cattolica del Sacro Cuore, 2009. http://hdl.handle.net/10280/639.
Texto completoI investigate the determinants of sovereign yield spreads in EMU.
Gonçalves, Edson Daniel Lopes. "Ensaios em opções reais e investimento sob incerteza". reponame:Repositório Institucional do FGV, 2009. http://hdl.handle.net/10438/6557.
Texto completoApproved for entry into archive by Daniella Santos(daniella.santos@fgv.br) on 2010-05-10T14:08:24Z (GMT) No. of bitstreams: 1 tese_Edson_Goncalves.pdf: 1334018 bytes, checksum: d7eb1a61391b756633a44e15e6a641e2 (MD5)
Made available in DSpace on 2010-05-10T17:13:05Z (GMT). No. of bitstreams: 1 tese_Edson_Goncalves.pdf: 1334018 bytes, checksum: d7eb1a61391b756633a44e15e6a641e2 (MD5) Previous issue date: 2009-12-07
The three essays in this thesis develop extensions and applications of Real Options Theory, related to very important policy issues in Brazil. The first one presents a pioneering analysis of bioprospecting, or the exploitation of biodiversity, driven by economic goals. Two alternative structures for the contractual arrangements between government and private sector, within the purpose of a sustainable economic use of the Brazilian biodiversity, are designed: (i) a R&D Project model, with uncertain maturity, in which the intensity of the Poisson process driving the maturity time is explicitly dependent on the biodiversity level at the granted location; (ii) a principal agent model, in which the State grants the exercise of an investment option to the biotech research firm. The second essay moves forward the analogy between put options and import quotas. The relevant parameters for pricing quota licenses are now endogenously obtained, via the interaction between an importing firm and domestic producers. Finally, the third paper makes an original analysis of the unofficial market for 'precatórios' a class of government bonds in Brazil, tied to specific federal, state or municipal debts. A model for pricing these securities, taking into account the current institutional environment affecting them at all three levels, is presented and calibrated.
Esta tese é composta por três artigos, nos quais são apresentadas extensões e aplicações da Teoria das Opções Reais, todas de interesse para formuladores de política econômica no Brasil. O primeiro faz uma análise original da questão da bioprospecção, ou a exploração da diversidade biológica para fins econômicos. Duas estruturas alternativas para o desenho do mecanismo de concessão, visando o uso sustentável da biodiversidade brasileira, são sugeridas: (i) um modelo de projetos de P&D com maturidade incerta, no qual a intensidade do processo de Poisson que governa o tempo de maturação é explicitamente dependente do nível da biodiversidade no local concedido; (ii) um modelo de Agente-Principal, onde o Estado delega o exercício da opção de investimento à empresa de pesquisa biotecnológica. O segundo artigo avança a analogia entre opções de venda ('put options') e cotas de importação. Os parâmetros relevantes para apreçar as licenças são agora obtidos endogenamente, a partir da interação entre a firma importadora e os produtores domésticos. Por fim, no terceiro, é feita análise pioneira do mercado paralelo de títulos precatórios no Brasil. Um modelo para a valoração de tais títulos é construído e proposto, tendo por base o arcabouço institucional existente sobre o assunto, tanto no governo central, como nos estados e municípios.
Cho, Hye Jee. "Partisan politics and credibility in government bond markets what political institutions help leftist governments build policy credibility? /". Diss., Restricted to subscribing institutions, 2008. http://proquest.umi.com/pqdweb?did=1692119671&sid=1&Fmt=2&clientId=1564&RQT=309&VName=PQD.
Texto completoWang, Junbo. "Two essays on government bond markets". Related electronic resource: Current Research at SU : database of SU dissertations, recent titles available full text, 2005. http://wwwlib.umi.com/cr/syr/main.
Texto completoSato, Kathy K. "Bond pricing with taxes in the US government bond market". Thesis, University of British Columbia, 1991. http://hdl.handle.net/2429/29696.
Texto completoBusiness, Sauder School of
Finance, Division of
Graduate
Ісаєва, Олена Володимирівна, Елена Владимировна Исаева y Olena Volodymyrivna Isaieva. "Оцінка діяльності держави на фінансовому ринку України". Thesis, Українська академія банківської справи Національного банку України, 2015. http://essuir.sumdu.edu.ua/handle/123456789/51123.
Texto completoRosa, João Daniel Esteves. "Determinants of the Portuguese government bond yield spread". Master's thesis, NSBE - UNL, 2014. http://hdl.handle.net/10362/11711.
Texto completoThis paper seeks to find out the determinants of the 10 year Portuguese government bond yield spread for the period between the January of 2010 and December of 2012. Fundamental factors (debt ratio and government balance in % of GDP) and contagion effects are the main drivers behind the surge of the yield spread during the first two years of the sample. Liquidity risk (measured by the bid-ask spread) and the size of the banking system are also significant determinants. These same factors however, have no significance in explaining the drop in the yield spread during the final seven months of the sample.
Polwitoon, Sirapat. "Essays on U.S.-based global government bond funds /". View online ; access limited to URI, 2002. http://0-wwwlib.umi.com.helin.uri.edu/dissertations/dlnow/3112125.
Texto completoDoerksen, Mark D. "Fighting Fear with Fear: A Governmental Criminology of Peace Bonds". Thèse, Université d'Ottawa / University of Ottawa, 2013. http://hdl.handle.net/10393/24224.
Texto completoVisconti, Roberto Moro. "Some new topics in the Italian government bond market". Thesis, University of Exeter, 1997. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.390198.
Texto completoWu, Jung Chang y 吳榮昌. "Researching for Bond Price Risk Measuring Factors-An Empirical Study for Taiwan Government Bonds and Corporate Bonds". Thesis, 1997. http://ndltd.ncl.edu.tw/handle/15020047830621346668.
Texto completoPinho, André Miguel dos Santos Castro. "Determinants of the Portuguese government bonds yields". Master's thesis, 2017. http://hdl.handle.net/10071/15159.
Texto completoEsta dissertação faz uma análise empírica à evolução das yields da divida pública portuguesa, procurando identificar os seus principais determinantes, para o período entre 2000 e 2016 usando dados trimestrais. Foi estimada uma equação para as yields da divida pública portuguesa considerando três maturidades distintas (um, cinco e dez anos) e incluindo oito variáveis independentes (PIB, divida pública, divida externa, produtividade do trabalho, taxa de atividade, taxa de inflação, volatilidade do mercado acionista e liquidez) de modo a capturar de forma global os efeitos do risco de crédito, da aversão global ao risco bem como do risco de liquidez. Os resultados demonstraram que o PIB, a divida externa, a taxa de inflação e a liquidez influenciam positivamente as yields da divida pública com maturidade a dez anos enquanto que a divida pública, a produtividade do trabalho, a taxa de atividade e a volatilidade do mercado acionista afetam negativamente as yields. Foram ainda encontradas evidências que apoiam o sinal contraditório ao que a maioria da literatura afirma relativamente à divida pública. No GERAL, os resultados apontam que não existem grandes diferenças nos determinantes para as diferentes maturidades. Finalmente, concluímos que a liquidez, a produtividade do trabalho, mas sobretudo a divida externa foram os fatores que originaram uma subida das yields, enquanto que a taxa de atividade, o PIB, a divida pública e a inflação revelaram ter um efeito benéfico sobre as yields da divida pública portuguesa.
Jiun, Chen Chau y 陳朝鈞. "Fitting the Yield Curve of Taiwan Government Bonds". Thesis, 2000. http://ndltd.ncl.edu.tw/handle/61461010765735337323.
Texto completo長庚大學
管理學研究所
88
The purpose of this thesis is to fit the yield curves of Taiwan Government bonds by using Schumaker''s (1983) shape-preserving quadratic spline interpolation. To justify the use of shape-preserving quadratic spline interpolation in curve fitting, we first use Nelson & Siegel''s (1987) model to verify the upward sloping of the yield curves of Taiwan Government bonds from January, 1996 to June, 1997. We then compare the shape-preserving quadratic spline interpolation with four most frequently used models by empirical study. The results show that shape-preserving quadratic spline interpolation outperforms the others in the sense that it not only works pretty straightforward but also achieves the lowest average approximation error in fitting the yield curves.
DiPietro, John Joseph. "Political choices for municipal bonds". Thesis, 2014. http://hdl.handle.net/2152/26093.
Texto completotext
Lai, Chung-Chih y 賴忠志. "Study on Interest Rate Risk of Taiwan Government Agency Bonds". Thesis, 2005. http://ndltd.ncl.edu.tw/handle/01248762265848964146.
Texto completo輔仁大學
應用統計學研究所
93
Abstract: Bond’s market grows rapidly since 1991 in Taiwan; therefore the transaction in second market is more popular, especially the cases of the government agency bonds which has the best liquidity in Taiwan’s market. Balance of risk and profit by bond’s market will easily appear form the decision that investors make. Thus, how to exactly keep abreast of bond’s risk is turning into a hot topic in investment market. The interest rate risk is greatly concerned by investors, because government agency bonds’ credit risk nearly doesn’t exist. How to precisely evaluate and predict price and value of the government agency bonds will need to be studied. In my thesis, I predict the daily price of Taiwan’s government agency bonds through neural network, then use genetic algorithms to evaluate suitable yield to maturity and duration set. The method is different from the other researches. The result in my thesis shows that neural network can easily predict the price of Taiwan’s government agency bonds without any previous hypothesis and mathematical model, and genetic algorithms can search for appropriate answer set of yield under the price and the date of delivery. I combine those powerful tools and offer investors a theoretical standard to make the decision with their experience.
Chen, Yu-Zhen y 陳于真. "A Copula Approach to VaR Estimation for Taiwan Government Bonds". Thesis, 2008. http://ndltd.ncl.edu.tw/handle/3bwkd3.
Texto completo國立高雄第一科技大學
財務管理所
96
Since the introduction of Value-at-Risk (VaR) in the 1990s, it has become a standard tool for risk management. Recently, there have been lots of excellent studies that investigate the issue of VaR estimation and application. However, there has no studies investigating the topic of using the copula models to estimate the VaR for Taiwan Government Bonds. The paper first uses the Nelson and Siegel (1987) model to fit the term structure of interest rates of Taiwan Government bond market. The four daily parameters embedded in Nelson and Siegel model are then used to estimate the correlation matrix based on copula approach. In addition, we select six Taiwan government bonds with higher trading volume as research samples and to simulate their VaRs based on our copula approach. The empirical results indicate that it will obtain a highly accurate results using historical VaRs. However, it will generally overestimate the VaRs by the simulated data based on the copula approach. Since the SMA method can’t obtain better empirical results. We conclude that it is not appropriate to estimate the VaR of Taiwan bond market based on the SMA approach.