Do financial market analysts use structural economic models when forecasting exchange rates? This is the leading question analyzed in this paper. In contrast to other studies expectations are used instead of…
Asset price processes are completely described by information processes and investors' preferences. In this paper we derive the relationship between the process of investors' expectations of the terminal stock…
Das Kreditgeschäft als traditionelles Geschäftsfeld der Banken ist in jüngerer Zeit unter starken Reformdruck geraten. Zum einen sind es sinkende Margen und zum anderen die anstehenden Reformen in der…