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| Registros recuperados: 1.011 | |
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| Zhu, Ying; Goodwin, Barry K.; Ghosh, Sujit K.. |
| The objective of this study is to evaluate and model the yield risk associated with major agricultural commodities in the U.S. We are particularly concerned with the nonstationary nature of the yield distribution, which primarily arises because of technological progress and changing environmental conditions. Precise risk assessment depends on the accuracy of modeling this distribution. This problem becomes more challenging as the yield distribution changes over time, a condition that holds for nearly all major crops. A common approach to this problem is based on a two-stage method in which the yield is first detrended and then the estimated residuals are treated as observed data and modeled using various parametric or nonparametric methods. We propose an... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Crop Insurance; Model Comparison; Time-Varying Distribution; Financial Economics. |
| Ano: 2011 |
URL: http://purl.umn.edu/102048 |
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| Yelten, E. Sibel. |
| This paper analyzes the ad hoc decision of three Asian countries to peg their currency to the U.S. dollar prior to the Asian crisis. It uses the Sjaastad model to estimate the optimal basket weights for Thailand, Korea, and Singapore. The analysis in this paper differs from the optimal basket research since we are not searching for an ad hoc optimal basket; rather, the basket is the solution to the problem. For Thailand and Korea, the correct weights of the dollar in the basket are estimated to be 44 and 65 percent, respectively, which differ significantly from the actual weight of 100 percent for the U.S. dollar in their currency basket prior to the 1997 Asian crisis. Singapore, with a weight of 85 percent for the U.S. currency, is closer to a dollar peg,... |
| Tipo: Journal Article |
Palavras-chave: Optimum currency area; Asian crisis; Exchange rate basket; Currency peg; Financial Economics; E32; F31. |
| Ano: 2003 |
URL: http://purl.umn.edu/43998 |
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| Zakrzewicz, Christopher J.; Brorsen, B. Wade; Briggeman, Brian C.. |
| The value of land dominates the financial structure of most American agricultural production firms, and land values are an important factor in long-term agricultural planning and risk management. As the primary source of collateral for farm loans, farmland values have significant implications for both producers as well as bankers financing agricultural loans. The Federal Reserve Bank of Kansas City’s Survey of Agricultural Credit Conditions is an expert opinion survey in which agricultural bankers provide land value forecasts. As the survey has drawn increased attention, the survey has drawn criticism regarding its use qualitative data to forecast land values. Our research examines the value of the survey data with respect to its ability to forecast... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Farmland; Forecasting; Land values; Federal Reserve Bank; Agribusiness; Financial Economics. |
| Ano: 2010 |
URL: http://purl.umn.edu/61758 |
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| Ayinde, Opeyemi Eyitayo; Olatunji, G.B.; Omotesho, O.A.; Ayinde, Kayode. |
| Inflation is undeniable one of most leading and dynamics macroeconomics issues confronting almost all economies of the world. Its dynamism has made it an imperative issue to be considered. Hence the study examines the factors affecting inflation in Nigeria. Time series data were employed for the study. The data was sourced from the Central Bank of Nigeria and National Bureau of Statistics. Descriptive statistics and cointegration analysis were the analytical tools used. It was observed that there were variations in the trend pattern of inflation rate. Some of the variables considered were significant in determining inflation in Nigeria. The previous total export was found to have a negative impact on current inflation while the previous total import exerts... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2010 |
URL: http://purl.umn.edu/94301 |
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| Adelaja, Adesoji O.; Chaudhuri, Malika. |
| The distribution of lot sizes and associated improvements affect property values. Hence, zoning affects municipal property tax revenues. If optimal lot size is inconsistent with the targeted zoning density in a community, municipal revenue can be increased through zoning change. This paper theoretically derives the optimal lot size that maximizes tax revenues as a function of the elasticities of improvement value and lot size prices with respect to density, and the elasticities of land and improvement demand with respect to lot size. Empirical hedonic pricing model estimates for a Michigan Community suggest that the optimal lot size for recently sold property is lower than current zoning on existing properties. The possibility that municipal revenue can... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Optimal lot-size; Municipal revenue maximization; Zoning; Hedonic pricing; Financial Economics. |
| Ano: 2007 |
URL: http://purl.umn.edu/9779 |
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| Joldes, Cosmin; Horobet, Alexandra. |
| Is it interesting a 2 billion euro insurance market for the “old” Europe? “Not very much” one may say considering this figure represents no more than 16% of the insurance turn-over in the case of the most recent entry in the Romanian market, Groupama. The answer is still not as simple as that because “interesting” in business terms is not only about today, but very much about tomorrow. By the end of 2007 it was obvious that the Romanian insurance market is far from calming down. Not only that for the time being change is still the main real constant in use, but figures show that the market environment becomes more challenging than ever these days. The market situation showed that this allegation it was by that time more likely to be true than ever. |
| Tipo: Journal Article |
Palavras-chave: Insurance; Trends; Crisis; Change; Strategies; Agricultural Finance; Community/Rural/Urban Development; Financial Economics; Political Economy. |
| Ano: 2009 |
URL: http://purl.umn.edu/53533 |
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| Fumagalli, Chiara; Motta, Massimo; Ronde, Thomas. |
| This paper studies a model where exclusive dealing (ED) can both promote investment and foreclose a more efficient supplier. While investment promotion is usually regarded as a pro-competitive effect of ED, our paper shows that it may be the very reason why a contract that forecloses a more efficient supplier is signed. Absent the effect on investment, the contract would not be signed and foreclosure would not be a concern. For this reason, considering potential foreclosure and investment promotion in isolation and then summing them up may not be a suitable approach to assess the net effect of ED. The paper therefore invites a more cautious attitude towards accepting possible investment promotion arguments as a defence for ED. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Monopolization Practices; Vertical Agreements; Financial Economics; L12; L40; L42. |
| Ano: 2009 |
URL: http://purl.umn.edu/56213 |
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| Registros recuperados: 1.011 | |
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