 | Asian Equity Markets : Growth, Opportunities, and Challenges Author/Editor: Charles Frederick Kramer, Catriona Purfield, Hiroko Oura, Andreas Jobst. Release Date:December, 2006 Asian equity markets have grown significantly in size since the early 1990s, driven by strong international investor inflows, growing regional financial integration, capital account liberalization, more...
| Price: $18.00
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| Financial Implications of the Shrinking Supply of U.S. Treasury Securities Author/Editor: Garry J Schinasi, T Todd Smith, Charles Frederick Kramer. Release Date:May, 2001 Recent improvements in fiscal positions in advanced countries have sharply curtailed the issuance of government securities and created the possibility that government securities could disappear in more...
| Price: $15.00
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| Reform of the Canada Pension Plan : Analytical Considerations Author/Editor: Charles Frederick Kramer, Yutong Li. Release Date:October, 1997 Like other transfer programs, a pay-as-you-go public pension system can significantly affect economic behavior and, hence, relative prices and macroeconomic aggregates. This paper illustrates some of more...
| Price: $15.00
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| Macroeconomic Fluctuations and Equilibrium Discount Factors Author/Editor: Charles Frederick Kramer. Release Date:October, 1996 The estimation of discount factors is a central issue in empirical finance, particularly in the literature on excess volatility. In particular, it is difficult to find empirical discount factors that more...
| Price: $15.00
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| Stock-Market Equilibrium and the Dividend Yield Author/Editor: Charles Frederick Kramer. Release Date:August, 1996 Can fundamentals account for the recent performance of the U.S. stock market? The price/earnings ratio is out of line with historical averages, and the dividend/price ratio has recently reached a more...
| Price: $15.00
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| FEERs and Uncertainty : Confidence Intervals for the Fundamental Equilibrium Exchange Rate of the Canadian Dollar Author/Editor: Charles Frederick Kramer. Release Date:July, 1996 Models of Fundamental Equilibrium Exchange Rates (FEERs) impose internal and external balance, and so appeal to fundamental notions of equilibrium from a macroeconomic perspective. However, the need more...
| Price: $15.00
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| Recent Turmoil in Emerging Markets and the Behavior of Country-Fund Discounts : Renewing the Puzzle of the Pricing of Closed-End Mutual Funds Author/Editor: Charles Frederick Kramer, T Todd Smith. Release Date:July, 1995 This paper argues that recent movements in closed-end emerging markets funds present a strong challenge to the leading explanations of the behavior of closed-end country fund prices. In particular, more...
| Price: $15.00
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| Nonlinearity and Endogeneity in Macro-Asset Pricing Author/Editor: Charles Frederick Kramer, Craig Hiemstra. Release Date:March, 1995 We find nonlinear feedback between the stock market and certain macroeconomic factors. This evidence calls into question the adequacy of these factors as a basis for a linear pricing model. It also more...
| Price: $15.00
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| Noise Trading, Transaction Costs, and the Relationship of Stock Returns and Trading Volume Author/Editor: Charles Frederick Kramer. Release Date:October, 1994 The relationship of stock returns and trading volume is the focus of much recent interest. I examine an economic model of a rational trader who operates in a market with transactions costs and noise more...
| Price: $15.00
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