Search results for "Folio"
showing 10 items of 319 documents
Portfolio performance and the Euro: Prospects for new potential EMU members
2008
Abstract Entering the EMU removes currency risk for assets originating in the Euro area while diversification opportunities are likely reduced. Taking the perspective of an investor in one of the 12 countries that joined the EU in 2004–2007, we contrast actual optimal composition of international equity holdings against two artificial scenarios: costless hedging against exchange rate risk and presuming the local market to be part of the EMU. State specific optimal portfolios are determined from realized covariances for the period 2000–2006. Optimized risk is found smaller under currency unification and implied Sharp ratios signal significant benefits of EMU participation.
Latvijas komercbanku kredītu analīze
2016
Bakalaura darbs “Latvijas komercbanku kredītu analīze” ir veltīts komercbanku izsniegto kredītu analīzei un izpētei, kā arī izpratnei par kredītrisku un to pārvaldīšanu. Darba mērķis ir izanalizēt Latvijas komercbanku izsniegtos kredītus, izdarīt secinājumus un sniegt priekšlikumus. Bakalaura darba uzdevumi: •izzināt kredītportfeļa būtību un nepieciešamās kredītpolitikas pamatprincipus; •izpētīt kredīta funkcijas un kredīta klasifikāciju; •raksturot kredītu veidus; •izpētīt kredītrisku, to ietekmējošos faktorus un pārvaldīšanu; •izanalizēt izsniegto kredītu struktūru Latvijā: to apjomu, struktūru pēc aizņēmēja veida, pēc termiņa, pēc valūtu un pēc nozaru griezuma, pēc nodrošinājuma un kvali…
Regional Ambassadors or State Agents? Assessing the Role of Catalan Cabinet Ministers in Spain
2022
Identificador de proyecto: UPO-FEDER (grant number UPO-1380883)
The Limits to Volatility Predictability: Quantifying Forecast Accuracy Across Horizons
2018
Volatility forecasting is crucial for portfolio management, risk management, and pricing of derivative securities. Still, little is known about how far ahead one can forecast volatility. First, in this paper we introduce the notions of the spot and forward predicted volatilities and propose to describe the term structure of volatility predictability by the spot and forward forecast accuracy curves. Then, by employing a few popular time-series volatility models, we perform a comprehensive empirical study on the horizon of volatility predictability. Our results suggest that, whereas the spot volatility can be predicted over horizons that extend to 35 weeks, the horizon of the forward volatili…
Money and the natural rate of interest: structural estimates for the United States and the Euro area
2008
We examine the role of money, allowing for three competing environments: the New Keynesian model with separable utility and static money demand; a non-separable utility variant with habit formation; and a version with adjustment costs for holding real balances. The last two variants imply forward-looking behavior of real money balances, as it is optimal for agents to allow their forecast of future interest rates to affect current portfolio decisions. We distinguish between these specifications by conducting a structural econometric analysis for the U.S. and the euro area. FIML estimates confirm the forward-looking character of money demand. Using these estimates we find that, in response to…
Versatile tool for competence management - an e-portfolio management system for higher education in applied sciences
2011
In the line of outcome based education and transferability of credits, we study a Higher Education case and propose an e-Portfolio solution as a versatile tool for assessment tasks. The solution tackles the problems firstly, of accreditation of prior achievements from both institutional and experiential learning. Secondly, the developed tool carries the process of learning outcome definitions management (derived from the real employment world), and the learner self-assessment and self-reflection as well as the guidance and support for these. The e-Portfolio management system, ePofo, supports the identification, assessment, recognition and accreditation of prior learning achievements and lea…
Adapting teaching and assessment strategies to enhance competence-based learning in the framework of the european convergence process
2007
In the framework of the European higher education area, one of the key issues is to discuss how teaching, learning activities and assessment can be best organised to allow students to reach both transferable skills and subject related competences. In this context, during the 2005/06 academic year, our School decided to essay different strategies in a first-year Pilot Group, due to the traditional poor academic performance on these students. Thus, the proposal included a learning contract that must be signed for all the pupils enrolled on this particular group. Both active teaching-learning methods and additional assessment strategies were applied to achieve the objectives, defined in terms …
A Project Manager Suitability Parameter in Project Accomplishment
2009
One the most critical aspect in project management is how to assign the project managers (PMs) to projects, especially whenever the PMs can lead more than one project. The present paper proposes a parameter (PME) to evaluate the PM in accomplishing a specific project useful for a next phase of assignment. The PME takes into account the technical skills, the leadership behavior and the relationships with project’s stakeholders. These parameters are aggregated by a Fuzzy Inference System (FIS) that well emulates the decision process of the experts by means of a rule-based inference engine. Moreover, to better define the PME, a procedure, based on the discordance concept, is proposed to compar…
The construction of knowledge from the scientific literature about the theme seaport performance evaluation
2015
Purpose – The purpose of this paper is to know what scientific literature presents about the theme evaluation of seaport performance, thus enabling the construction of knowledge in the researchers and the identification of gaps in the research that will lead to advances in the area from the identification of the characteristics of a portfolio of relevant international publications. Design/methodology/approach – From the basic philosophical (constructivism), of the kind strategy (research-action) and the method used for the accomplishment of such strategy (structured process knowledge development process – constructivist (ProKnow-C)) the current research has a qualitative approach. Findings…
When do Improved Covariance Matrix Estimators Enhance Portfolio Optimization? An Empirical Comparative Study of Nine Estimators
2010
The use of improved covariance matrix estimators as an alternative to the sample estimator is considered an important approach for enhancing portfolio optimization. Here we empirically compare the performance of 9 improved covariance estimation procedures by using daily returns of 90 highly capitalized US stocks for the period 1997-2007. We find that the usefulness of covariance matrix estimators strongly depends on the ratio between estimation period T and number of stocks N, on the presence or absence of short selling, and on the performance metric considered. When short selling is allowed, several estimation methods achieve a realized risk that is significantly smaller than the one obtai…