Sökning: "Finance theory"

Visar resultat 1 - 5 av 79 avhandlingar innehållade orden Finance theory.

1. 1. Studies in Mortgage Pricing and Finance Theory

   Författare :Stefan Toll; Bengt Turner; Thomas Lindh; Timothy Riddiough; Uppsala universitet; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Economics; Mortgage pricing; Finance theory; Reverse mortgages; Optimal loan contracts; Credit risk; Nationalekonomi; Economics; Nationalekonomi;

   Sammanfattning : This thesis consists of three self-contained essays.Essay 1 examines the question of why reverse or participating mortgages have not been as much in demand as predicted. A theoretical framework is derived for evaluating the expected utility associated with a reverse or participating mortgage. LÄS MER

3. 2. Housing finance methods in urban Tanzania : The case of households in Kinondoni Municipality, Dar es Salaam, Tanzania

   Författare :Egino Millanzi; Mats Wilhelmsson; Agnes Mwasumbi; Washington H.A. Olima; KTH; []
   Nyckelord :TEKNIK OCH TEKNOLOGIER; ENGINEERING AND TECHNOLOGY; Housing finance; finance methods; finance system; urban development; Bostadsfinansiering; finansieringsmetoder; finanssystem; stadsutveckling; Fastigheter och byggande; Real Estate and Construction Management;

   Sammanfattning : Effective housing finance methods require the interrelationships between the housing finance system components such as banking and capital markets, land registry, the housing sector, and macroeconomic and socioeconomic aspects. Nonetheless, despite the exclusion of the majority of the households by formal long-term housing finance methods, Tanzania has experienced substantial improvement in housing development in the last two decades. LÄS MER

4. 3. Essays in Quantitative Finance

   Författare :Patrik Karlsson; Nationalekonomiska institutionen; []
   Nyckelord :NATURVETENSKAP; NATURAL SCIENCES; SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; credit valuation adjustment CVA ; derivative pricing; interest rate derivatives; Monte Carlo simulation;

   Sammanfattning : This thesis contributes to the quantitative finance literature and consists of four research papers.Paper 1. This paper constructs a hybrid commodity interest rate market model with a stochastic local volatility function that allows the model to simultaneously fit the implied volatility of commodity and interest rate options. LÄS MER

5. 4. The Black-Litterman Model : Towards its use in practice

   Författare :Charlotta Mankert; Birger Ljung; Harald Lang; Stefan Sjögren; KTH; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Black-Litterman model; portfolio theory; portfolio management; practical portfolio management; asset allocation; sampling theory; behavioural finance; behavioral finance; overconfidence; action science; action research; Business studies; Företagsekonomi;

   Sammanfattning : The Black-Litterman model is analyzed in three steps seeking to investigate, develop and test the B-L model in an applied perspective. The first step mathematically derives the Black-Litterman model from a sampling theory approach generating a new interpretation of the model and an interpretable formula for the parameter weight-on-views. LÄS MER

7. 5. Calibration and Hedging in Finance

   Författare :Love Lindholm; Anders Szepessy; Erik Lindström; KTH; []
   Nyckelord :NATURVETENSKAP; NATURAL SCIENCES; finance; local volatility; calibration; optimal control; hedging; quadratic hedging; equity; index; Tillämpad matematik och beräkningsmatematik; Applied and Computational Mathematics;

   Sammanfattning : This thesis treats aspects of two fundamental problems in applied financial mathematics: calibration of a given stochastic process to observed marketprices on financial instruments (which is the topic of the first paper) and strategies for hedging options in financial markets that are possibly incomplete (which is the topic of the second paper).Calibration in finance means choosing the parameters in a stochastic process so as to make the prices on financial instruments generated by the process replicate observed market prices. LÄS MER