Trading volatility

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   13 pages
Document abstract : «Traditionally, to make a profit, most individual investors and fund managers are forced to take a view on the direction of the price of something. The traditional or fundamental strategy is to study all the aspects of the market-place, all the...»

Synopsis abstract : «Introduction.. Buying and selling volatility.. Example of trading volatility.. Causes of volatility.. Strategies.. Simple strategies.. Strategies of straddles.. Strategies of strangles.. Rehedging a portfolio.. Volatility and variance swaps.. VIX...»

The effectiveness of legal restrictions on distributions to shareholders in achieving "Creditor Protection"

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   2 pages
Document abstract : «In this essay, I will critically evaluate the effectiveness of legal restrictions on distributions to shareholders in achieving "creditor protection". It consists of showing the good and the bad points of these restrictions. Firstly, I will define...»

Synopsis abstract : «Introduction.. A title representing a part of the capital of a company. . Policies relating to the employ of the shareholders money.. The capital maintenance concept. . Creditors: Protected by two aspects of share ...»

Brazil as an emerging market and the importance of Foreign Direct Investment (FDI)

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   5 pages
Document abstract : «With its free market and export-oriented economy, the Federal Republic of Brazil is currently the leading economic power in Latin America as well as a strong regional leader. The country is nowadays attracting many foreign direct investment (FDI)...»

Synopsis abstract : «Introduction.. The economic and social situation of Brazil.. Brazil as an emerging market.. What are the macroeconomic facts sustaining this emerging market?. What are the macroeconomic facts threatening this emerging market?. F.D.I. in Brazil.. Has...»

The Sarbanes-Oxley Act

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   4 pages
Document abstract : «On July 30, 2002, President Bush signed into law a revolutionary Act: the Sarbanes-Oxley Act, also known as the Public Company Accounting Reform and Investor Protection Act. In the wake of many financial scandals, this law establishes new accounting...»

Synopsis abstract : «Introduction.. The origins and factors of the Sarbanes-Oxley Act.. A general context of failures.. The implementation of SOX to avoid any conflict of interests.. The manipulation of banking and corporate practices.. The contents of the...»

The role of trade in the economic development of Eastern Asia

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   5 pages
Document abstract : «At the end of the last century, Hong Kong, Singapore, Taiwan and South Korea attained higher rates of economic growth than other developing countries. It could be because of a close correlation between export expansion and economic growth, but are...»

Synopsis abstract : «Introduction.. Export growth and economy.. Trade policies, industrialisation and development.. Trade and human development.. Conclusion.. References.....»

Options, futures and other derivatives

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   9 pages
Document abstract : «The binomial model is used to describe stock price movements through consecutive periods of time over the life of the option and to determine the actual price of this derivative. Each period is an independent trial. The binomial formula describes a...»

Synopsis abstract : «Evaluation of the two IBM's options (one call and one put).. The Black-Scholes model.. The Monte Carlo simulation.. Comparision between the stock volatility to the volatility implied by the Black-Scholes Model.. Interpret the values of the Greeks as...»

Bretton Woods Institutions (IMF and World Bank): history and modern situation

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   12 pages
Document abstract : «To go out of the chaos caused by World War 2, countries had to set up new institutions liable to restore a stable and durable international order. This reconstruction was led by the United States of America and its allies. From 1941, in the Atlantic...»

Synopsis abstract : «Bretton-Woods: The settlement of the two main economic institutions.. Economic contexts.. The conference of Bretton Woods.. The creation of the IMF and of the IBRD.. The World Bank and IMF, two economical institutions.. The IMF institution.. What is...»

Microeconomics, main concepts for an economy study: capital formation, production, consumption, employment, credit multiplier, money demand, money supply, prime rate, Keynesian transmission mechanism, exports, imports and government expenditures

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   7 pages
Document abstract : «Financial investment and interest rates have a positive relationship. Financial investment represents investment in bonds or shares or money saving in the bank. If the interest rate increases, the return of investment will be better. You will get...»

Synopsis abstract : «The capital formation (Investment).. The negative relationship between investment and iInterest rates.. The positive relationship between financial investment and interest rates.The impact of government borrowing on interest rates. A reduction in...»

Michelin : financial case study

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   12 pages
Document abstract : «The world tire market was equal to 80 billion dollars in 2005. That is to say that each year more than 1 billion tires are sold for cars and light trucks. 75% of the sales are for European, North American and Asian countries. Michelin is the leader...»

Synopsis abstract : «Introduction.. The historical analysis.. Usage of assets by Michelin.. Profitability of Michelin.. The borrowings of Michelin.. The financial liquidity of the Michelin group.. The goodwill of Michelin amongst its investors.. The capital structure of...»

Competition in the banking industry

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   4 pages
Document abstract : «Nowadays, the banking industry has become significantly more competitive than in the past and competition is likely to increase further. New competitive pressures are emerging from abroad, owing to the liberalization of international banking and...»

Synopsis abstract : «Report written by Benoit BALESTA.. The effects of competition.. Positive effects of competition in the banking industry.. Negative effects of competition in the banking industry.. Control and limits to impose to competition in...»

Contemporary international finance and East Asian economic integration

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   12 pages
Document abstract : «The "Current Account crisis" is a particular type of external debt crisis that affects mostly low-income developing countries. It is characterized by a huge deficit in the current account balance which provokes a Balance of payments deficit and a...»

Synopsis abstract : «The features of general situation of a country before falling into the current account crisis.. Overall macroeconomic performances.. Balance of payments conditions.. Savings and investments gaps.. Development stage of balance of...»

When a famous bank ( Société Générale ) is plunged into the world's largest financial fraud ever known by a simple junior trader

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   8 pages
Document abstract : «In January 2008, the financial world was disrupted by the world's largest financial fraud case known to date. The famous French bank, Société Générale, recorded a loss of 5 billion euros due to false positions taken by a junior trader, Jérôme...»

Synopsis abstract : «Irregular and high risk trading activity.. Trading beyond acceptable limit.. Misuse of IT access codes and / or user credentials for privileged access.. Created fictitious trading operations within financial portfolios.. Breaking into middle and...»

Empirical evidence on Seasonalities - Inspecting the market anomalies

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   20 pages
Document abstract : «Anomalies, such as calendar effects, could be defined as phenomena where systematic returns patterns are observed. Partisans to informational market efficiency suggest that calendar effects are prone to disappear, as investors in the market could...»

Synopsis abstract : «Introduction.. Calendar anomalies and previous research.. Data & methodology.. Empirical results interpretation.. Conclusion.. References.....»

What kinds of strategies are used by local authorities to attract foreign direct investment in Morocco?

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   5 pages
Document abstract : «Morocco is officially named the Kingdom of Morocco. This is a country located in Northwest Africa. It borders Algeria to the east, the Mediterranean Sea and the Strait of Gibraltar to the North, the Atlantic Ocean to its West and Mauritania to its...»

Synopsis abstract : «Introduction to Morocco.. The strategies used by local authorities to attract FDI.. The institutional framework.. The system reforms.. The liberalization of the economy.. Revision of laws.. Modification of the system.. The role of IPPA.. Achievement...»

The Meiji era: The opening of Japan to the West

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   8 pages
Document abstract : «In the Westerners' mind Japan remains a country which sometimes presents an extreme modernism (with the painful consequences which one knows nowadays). On the other hand, Japan tries to preserve the old traditions which make imaginations wander and...»

Synopsis abstract : «Introduction.. The Meiji emperor.. 1868-1912: A time of great reforms in Japan.. An overall description of that expansion time.. A deeper analysis of the changes.. 1868-1912: The expansion of the Japanese imperialism and its entrance in the 'Chorus...»

E-Commerce in France compared to other developed countries

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   11 pages
Document abstract : «Today the Internet might be viewed as having a huge market potential capable of covering the population of the whole world. This is why electronic commerce or E-Commerce is so attractive for many traditional businesses. E-Commerce consists of the...»

Synopsis abstract : «Introduction.. What is e-commerce?. Presentation of e-commerce in France.. Comparison to other developed countries.. Conclusion.. References.....»

The financing of joint ventures

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   7 pages
Document abstract : «A joint-venture is an agreement between two partners from different countries and which consists of the creation or the joint acquisition of a joint venture on the market of the foreign partner. This co-operation is considered on the long-term. In...»

Synopsis abstract : «Introduction: Definition of a joint venture.. Interests of a joint venture.. Advantages and disadvantages.. The different financings of joint ventures.. Characteristics of the financings granted by Brussels.. Mechanisms of these financing...»

Macroeconomic events before and after Argentina's 2001-2002 currency crisis

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   5 pages
Document abstract : «In practice economical balance is unachievable. Stabilization conditions that many scholars and economists claim are but fleeting status of the economy. Some of the major crises around the world including the US stock market collapse, Asian...»

Synopsis abstract : «Introduction.. Discussion.. The two potential risks that were underestimated during the convertibility plan.. Introduction of a revised organic law.. The fall of the economy.. Conclusion.. References.....»

Asian pacific business since 1997: Samsung and South Korea

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   11 pages
Document abstract : «Everybody knows Samsung, Toyota, Sony, LG or even Hyundai which are very famous brand all over the world. Those very successful companies have similarity. Indeed, all of them come from the Pacific Rim. The Pacific Rim is defined by "far Eastern...»

Synopsis abstract : «Introduction.. South Korea: Development, model and chaebol.. Development of South Korea.. Brief overview.. Political and economical changes.. Industrialization.. Internationalization. Culture.. South Korean model.. Role of Chaebol in this...»

Asymmetry of information

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   6 pages
Document abstract : «In economics, information asymmetry occurs when one party to a transaction has more or better information than the other party. (It has also been called asymmetrical information). Typically it is the seller that knows more about the product than the...»

Synopsis abstract : «Introduction.. Theoretical approach of information asymmetry.. Moral hazard.. Moral hazard in economics.. Lending and debt.. Deregulation.. Abraham Lincoln and an example of moral hazard.. Moral hazard in insurance.. Adverse selection.. Practical...»

A "fat tax" to encourage consumers to switch away from fats, sugar and processed foods

Economics & finance   |   Government finance   |   Presentation   |   01/16/2009   |   .doc   |   4 pages
Document abstract : «People are obviously getting more and more fat. This fact cannot be denied. That is why, to curb this phenomenon, Kelly Brownell launched the idea of applying a fat tax on unhealthy food, in his article published in the New York Times in 1994. Such...»

Synopsis abstract : «Introduction.. The attribute of the ice-cream.. Data to predict the potential effects of a tax on the consumption of ice-cream and vegetables.. Conclusion.. References.....»

Reporting analysis: Daimler-Chrysler (1998-2006)

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   21 pages
Document abstract : «We assume for the analysis of the group that the impact of IFRS in year 2004 is insignificant given that IFRS and US GAAP are closed. Moreover a complete analysis was impossible given that we didn't have all the figures before 2004. From 1998 to...»

Synopsis abstract : «Activity.. Working capital.. Receivables turnover.. Payables turnover.. Investment.. Fixed assets analyse.. Capital Expenditure analyse.. The reason of year by year evolution of the capex.. Liquidity.. Operating cash...»

Direct investment in Turkey (2006)

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   11 pages
Document abstract : «We are currently investigating an investment proposal concerning the chocolate confectionery sector, in Turkey. Specifically the analysis concerns the chocolate tablets production. Below follows an explanation of the elements of the investment...»

Synopsis abstract : «General background.. The economy.. Sustainability of public debt.. Significance.. Foreign direct investment.. Political environment.. Sector performance.. The increase in unit prices of chocolate confectionery in 2004.. Unit prices 2002.. Cash...»

Nissan

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   5 pages
Document abstract : «The name NISSAN Motor Co. appeared for the first time in 1934 from a company called Jidosha-Seizo Kabushiki-Kaisha, a combination of several automotive ventures and the Brand DATSUN. Nissan was the pioneer of the development of new automobile...»

Synopsis abstract : «Introduction.. Analysis and discussion of the problems facing the company in 1999.. Analysis and discussion of the nature of change for the company.. Analysis and discussion of the barriers to change and how they can be...»

Collect foreign exchange spot and forward rate data and interest rate data for two currencies: examine whether CIRP holds: Analyze and discuss the results

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   4 pages
Document abstract : «The purpose of this assignment is to analyse whether the Covered Interest Rate Parity (CIRP) holds in the relationship between two actual currencies. I decided to focus on the euro and the dollar because it is the financial instrument the most...»

Synopsis abstract : «What was at stake in the Human Resources Management (HRM) policy.. Advantages of manpower planning.. Steps in manpower planning.. Factors which affect the efficiency of labour.. Downsizing of manpower.. Problems and the solutions brought.. Critics...»

The Chinese economy at the beginning of the 21st century

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .ppt   |   30 slides
Document abstract : «An unique party into a socialist republic. The communist party of China is the ruling party also know as the CCP Chinese communist party of China. Progressively the CCP has tried to reform the economy from a centrally planned economy to a market...»

Synopsis abstract : «Key figures.. A global giant.. Government role and planned economy.. Economy overheating.. Deflation.. Inflation.. Financial and banking system.. Energy and mineral resources.. Economic structure.. Agriculture, industry and services.. Development...»

Trade unions in Northern Europe

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   11 pages
Document abstract : «Among the five countries where the unionization density is currently the highest in the world, four are Nordic European ones. Sweden (78%), Finland (74.1%) and Denmark (70.4%) constitute the group of the most unionized countries, far beyond Belgium...»

Synopsis abstract : «Introduction.. The irrelevance of the conjectural approach in the case of the Nordic countries.. Presentation of the conjectural approach.. An approach unable to explain the differences in late 20th century national unionization trends.. The social...»

Fixed income analysis and risk management

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .doc   |   9 pages
Document abstract : «As the ten OAT have the same anniversary dates, in other words the different cash-flows are paid at the same dates (25-Apr-08, 25-Apr-09, 25-Apr-10,), then we used a direct method of calculation of the spot rates, through two steps. Using a...»

Synopsis abstract : «The prices of 10 OAT on the last coupon date: Maturities, coupon frequencies and rates.. Usage of polynomial interpolation and 4 spot rates.. Limitations of the method.. Calculation of the value as on April 25 2007.. The yield-to-maturity of OAT...»

Nature and the role of Foreign Direct Investment (FDI) in Ireland, China and India (2005)

Economics & finance   |   Finance   |   Presentation   |   01/16/2009   |   .ppt   |   31 slides
Document abstract : «Through an efficient allocation of money because they are implemented. In countries where the education system and the facilities are well designed for LUCAS. DUNNING's OLI paradigm (ownership, location, internalization: The advantages of the firm...»

Synopsis abstract : «FDI and development.. India & FDI.. FDI in India.. Facts.. Problems.. Roadblocks.. China & FDI.. Competitive advantages.. Measures taken by China.. Nature of FDI.. Major tax incentives.. Ireland & FDI.. Historical background of...»

Macroeconomics: Overview of the South African economy

Economics & finance   |   Economics   |   Presentation   |   01/16/2009   |   .doc   |   4 pages
Document abstract : «The most powerful and the most developed economy of the continent, South Africa produces one fifth of its entire production. The gross domestic product (GDP) is four times that its southern African neighbours and covering around 25% of the entire...»

Synopsis abstract : «Overview of the South African economy.. The monetary policy.. The fiscal policy.. Government expenditure.. Taxation.. Government borrowing.. Conclusion.. References.....»

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