Progress in economics research, Volume 14:
Gespeichert in:
Bibliographische Detailangaben
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: New York Nova Science Publishers ©2010
Schlagworte:
Online-Zugang:FAW01
FAW02
Beschreibung:Includes bibliographical references and index
PROGRESS IN ECONOMICS RESEARCH, VOLUME 14 ; PROGRESS IN ECONOMICS RESEARCH, VOLUME 14 ; CONTENTS ; PREFACE ; Chapter 1VALUATING CASH FLOWS IN AN INFLATIONARYENVIRONMENT: THE CASE OF WORLD BANK1; Abstract; Introduction; Section One: Approaches to Valuation in an InflationaryEnvironment; Section Two: A Review; Section Three: Implicit Assumptions for Identical NPVs; 1. No Taxes; 2. All Cash Excess Is Distributed to the Equity and Debt Holders
3. The Price Increases that Actually Occur (Current or Nominal) will beEqual to the Inflation Rate or the Relative or Real Increases are Zero,Included in the Current or Nominal Discount Rate4. Income and Payments for Goods and Services are in Cash and there areNo Credit Transactions; 5. No Salvage Value; 6. There Is no Price-Demand Elasticity Effect; 7. The Discount Rate at Current or Nominal Prices Has to Be Exactly Equal to(1+ ir)(1+ if)-1 and at constant and real prices the discount rate has to beequal to ir, the real rate of return.; 8. The Cost of Debt Kd, has to be Deflated
Section Four: Tax Savings (TS) and Its Relevance in ValuationSection Five: The World Bank Case; Description of the Model; Common Practice; Valuation with Constant Prices Methodology; Using Constant Leverage in the WACC Calculation when It Is not Constant; Calculation of the Cost of Capital; Inconsistency in the Values; Overestimation of the "Correct" Value; Section Six; A "Proper" Solution; Tariffs Recalculated; Value Using Nominal Prices; A Summary; Section Seven: Concluding Remarks; Appendix 1; Appendix 2; Appendix 3; Appendix 4; Appendix 5; Appendix 6; Appendix 7; Appendix 8; Appendix 9
Appendix 10References; Chapter 2DOES THE ADOPTION OF INFLATION TARGETINGAFFECT MARKET VOLATILITY?THE CASE OF ISRAEL; Abstract; 1. Introduction; 2. Market Volatility as a Financial Soundness Indicator; 2.1. Relevant Analytical Aspects Related to Financial Soundness Indicators; 2.2. Proposed Market Volatility Indicator; 2.3. Comparison with Alternative Indicators; Duration Indicators; Risk Appetite Indicators; 3. Market Volatility in Israel, 1992-2000; 3.1. Exchange Rate, Interest Rates, and Stock Prices:Evolution and Volatility Patterns; 3.2. A Market Volatility Indicator for Israel
4. A Multivariate-GARCH Model for Israel4.1. Multivariate GARCH Modeling of Market Volatility for Israel; Data; Tests; Results; Out-of-Sample Data; 4.2. Incorporation of MVI into the Multivariate GARCH Model; 5. Conclusions; References; Chapter 3WHEN POINT ESTIMATES MISS THE POINT:STOCHASTIC MODELING OF WTO RESTRICTIONS*; Abstract; The Stochastic Model; The Stochastic Process; Results and Discussion; Concluding Remarks; References; Chapter4NONLINEARTOOLSFORANALYZINGANDFORECASTINGFINANCIALTIMESERIES:ANAPPLICATIONTOUSINTERESTRATES; Abstract; 1.Introduction; 2.Methodology
Beschreibung:x, 277 pages
ISBN:9781612099071
1612099076

Es ist kein Print-Exemplar vorhanden.

Fernleihe Bestellen Achtung: Nicht im THWS-Bestand!