Im langfristigen Zeithorizont der kapitalgedeckten Altersvorsorge kommt Kostenunterschieden zwischen verschiedenen Anlageformen große Bedeutung zu. In der vorliegenden Arbeit wurde das Kostenniveau von…
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…