Search results for: Tea Poklepovi膰

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Poklepovi膰</title> <meta name="description" content="Search results for: Tea Poklepovi膰"> <meta name="keywords" content="Tea Poklepovi膰"> <meta name="viewport" content="width=device-width, initial-scale=1, minimum-scale=1, maximum-scale=1, user-scalable=no"> <meta charset="utf-8"> <link href="https://cdn.waset.org/favicon.ico" type="image/x-icon" rel="shortcut icon"> <link href="https://cdn.waset.org/static/plugins/bootstrap-4.2.1/css/bootstrap.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/plugins/fontawesome/css/all.min.css" rel="stylesheet"> <link href="https://cdn.waset.org/static/css/site.css?v=150220211555" rel="stylesheet"> </head> <body> <header> <div class="container"> <nav class="navbar navbar-expand-lg navbar-light"> <a class="navbar-brand" href="https://waset.org"> <img src="https://cdn.waset.org/static/images/wasetc.png" alt="Open Science Research Excellence" title="Open Science Research Excellence" /> </a> <button class="d-block d-lg-none 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action="https://publications.waset.org/abstracts/search"> <div id="custom-search-input"> <div class="input-group"> <i class="fas fa-search"></i> <input type="text" class="search-query" name="q" placeholder="Author, Title, Abstract, Keywords" value="Tea Poklepovi膰"> <input type="submit" class="btn_search" value="Search"> </div> </div> </form> </div> </div> <div class="row mt-3"> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Commenced</strong> in January 2007</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Frequency:</strong> Monthly</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Edition:</strong> International</div> </div> </div> <div class="col-sm-3"> <div class="card"> <div class="card-body"><strong>Paper Count:</strong> 4</div> </div> </div> </div> <h1 class="mt-3 mb-3 text-center" style="font-size:1.6rem;">Search results for: Tea Poklepovi膰</h1> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">4</span> Efficient Frontier: Comparing Different Volatility Estimators</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Tea%20Poklepovi%C4%87">Tea Poklepovi膰</a>, <a href="https://publications.waset.org/abstracts/search?q=Zdravka%20Aljinovi%C4%87"> Zdravka Aljinovi膰</a>, <a href="https://publications.waset.org/abstracts/search?q=Mario%20Matkovi%C4%87"> Mario Matkovi膰</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Modern Portfolio Theory (MPT) according to Markowitz states that investors form mean-variance efficient portfolios which maximizes their utility. Markowitz proposed the standard deviation as a simple measure for portfolio risk and the lower semi-variance as the only risk measure of interest to rational investors. This paper uses a third volatility estimator based on intraday data and compares three efficient frontiers on the Croatian Stock Market. The results show that range-based volatility estimator outperforms both mean-variance and lower semi-variance model. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=variance" title="variance">variance</a>, <a href="https://publications.waset.org/abstracts/search?q=lower%20semi-variance" title=" lower semi-variance"> lower semi-variance</a>, <a href="https://publications.waset.org/abstracts/search?q=range-based%20volatility" title=" range-based volatility"> range-based volatility</a>, <a href="https://publications.waset.org/abstracts/search?q=MPT" title=" MPT"> MPT</a> </p> <a href="https://publications.waset.org/abstracts/20229/efficient-frontier-comparing-different-volatility-estimators" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/20229.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">513</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">3</span> Numerical Methods versus Bjerksund and Stensland Approximations for American Options Pricing</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Marasovic%20Branka">Marasovic Branka</a>, <a href="https://publications.waset.org/abstracts/search?q=Aljinovic%20Zdravka"> Aljinovic Zdravka</a>, <a href="https://publications.waset.org/abstracts/search?q=Poklepovic%20Tea"> Poklepovic Tea</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Numerical methods like binomial and trinomial trees and finite difference methods can be used to price a wide range of options contracts for which there are no known analytical solutions. American options are the most famous of that kind of options. Besides numerical methods, American options can be valued with the approximation formulas, like Bjerksund-Stensland formulas from 1993 and 2002. When the value of American option is approximated by Bjerksund-Stensland formulas, the computer time spent to carry out that calculation is very short. The computer time spent using numerical methods can vary from less than one second to several minutes or even hours. However to be able to conduct a comparative analysis of numerical methods and Bjerksund-Stensland formulas, we will limit computer calculation time of numerical method to less than one second. Therefore, we ask the question: Which method will be most accurate at nearly the same computer calculation time? <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Bjerksund%20and%20Stensland%20approximations" title="Bjerksund and Stensland approximations">Bjerksund and Stensland approximations</a>, <a href="https://publications.waset.org/abstracts/search?q=computational%20analysis" title=" computational analysis"> computational analysis</a>, <a href="https://publications.waset.org/abstracts/search?q=finance" title=" finance"> finance</a>, <a href="https://publications.waset.org/abstracts/search?q=options%20pricing" title=" options pricing"> options pricing</a>, <a href="https://publications.waset.org/abstracts/search?q=numerical%20methods" title=" numerical methods"> numerical methods</a> </p> <a href="https://publications.waset.org/abstracts/2832/numerical-methods-versus-bjerksund-and-stensland-approximations-for-american-options-pricing" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/2832.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">456</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">2</span> The Ability of Forecasting the Term Structure of Interest Rates Based on Nelson-Siegel and Svensson Model</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Tea%20Poklepovi%C4%87">Tea Poklepovi膰</a>, <a href="https://publications.waset.org/abstracts/search?q=Zdravka%20Aljinovi%C4%87"> Zdravka Aljinovi膰</a>, <a href="https://publications.waset.org/abstracts/search?q=Branka%20Marasovi%C4%87"> Branka Marasovi膰</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Due to the importance of yield curve and its estimation it is inevitable to have valid methods for yield curve forecasting in cases when there are scarce issues of securities and/or week trade on a secondary market. Therefore in this paper, after the estimation of weekly yield curves on Croatian financial market from October 2011 to August 2012 using Nelson-Siegel and Svensson models, yield curves are forecasted using Vector auto-regressive model and Neural networks. In general, it can be concluded that both forecasting methods have good prediction abilities where forecasting of yield curves based on Nelson Siegel estimation model give better results in sense of lower Mean Squared Error than forecasting based on Svensson model Also, in this case Neural networks provide slightly better results. Finally, it can be concluded that most appropriate way of yield curve prediction is neural networks using Nelson-Siegel estimation of yield curves. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=Nelson-Siegel%20Model" title="Nelson-Siegel Model">Nelson-Siegel Model</a>, <a href="https://publications.waset.org/abstracts/search?q=neural%20networks" title=" neural networks"> neural networks</a>, <a href="https://publications.waset.org/abstracts/search?q=Svensson%20Model" title=" Svensson Model"> Svensson Model</a>, <a href="https://publications.waset.org/abstracts/search?q=vector%20autoregressive%20model" title=" vector autoregressive model"> vector autoregressive model</a>, <a href="https://publications.waset.org/abstracts/search?q=yield%20curve" title=" yield curve"> yield curve</a> </p> <a href="https://publications.waset.org/abstracts/2460/the-ability-of-forecasting-the-term-structure-of-interest-rates-based-on-nelson-siegel-and-svensson-model" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/2460.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">333</span> </span> </div> </div> <div class="card paper-listing mb-3 mt-3"> <h5 class="card-header" style="font-size:.9rem"><span class="badge badge-info">1</span> Inflation and Unemployment Rates as Indicators of the Transition European Union Countries Monetary Policy Orientation</h5> <div class="card-body"> <p class="card-text"><strong>Authors:</strong> <a href="https://publications.waset.org/abstracts/search?q=Elza%20Jurun">Elza Jurun</a>, <a href="https://publications.waset.org/abstracts/search?q=Damir%20Piplica"> Damir Piplica</a>, <a href="https://publications.waset.org/abstracts/search?q=Tea%20Poklepovi%C4%87"> Tea Poklepovi膰</a> </p> <p class="card-text"><strong>Abstract:</strong></p> Numerous studies carried out in the developed western democratic countries have shown that the ideological framework of the governing party has a significant influence on the monetary policy. The executive authority consisting of a left-wing party gives a higher weight to unemployment suppression and central bank implements a more expansionary monetary policy. On the other hand, right-wing governing party considers the monetary stability to be more important than unemployment suppression and in such a political framework the main macroeconomic objective becomes the inflation rate reduction. The political framework conditions in the transition countries which are new European Union (EU) members are still highly specific in relation to the other EU member countries. In the focus of this paper is the question whether the same monetary policy principles are valid in these transitional countries as well as they apply in developed western democratic EU member countries. The data base consists of inflation rate and unemployment rate for 11 transitional EU member countries covering the period from 2001 to 2012. The essential information for each of these 11 countries and for each year of the observed period is right or left political orientation of the ruling party. In this paper we use t-statistics to test our hypothesis that there are differences in inflation and unemployment between right and left political orientation of the governing party. To explore the influence of different countries, through years and different political orientations descriptive statistics is used. Inflation and unemployment should be strongly negatively correlated through time, which is tested using Pearson correlation coefficient. Regarding the fact whether the governing authority is consisted from left or right politically oriented parties, monetary authorities will adjust its policy setting the higher priority on lower inflation or unemployment reduction. <p class="card-text"><strong>Keywords:</strong> <a href="https://publications.waset.org/abstracts/search?q=inflation%20rate" title="inflation rate">inflation rate</a>, <a href="https://publications.waset.org/abstracts/search?q=monetary%20policy%20orientation" title=" monetary policy orientation"> monetary policy orientation</a>, <a href="https://publications.waset.org/abstracts/search?q=transition%20EU%20countries" title=" transition EU countries"> transition EU countries</a>, <a href="https://publications.waset.org/abstracts/search?q=unemployment%20rate" title=" unemployment rate"> unemployment rate</a> </p> <a href="https://publications.waset.org/abstracts/2461/inflation-and-unemployment-rates-as-indicators-of-the-transition-european-union-countries-monetary-policy-orientation" class="btn btn-primary btn-sm">Procedia</a> <a href="https://publications.waset.org/abstracts/2461.pdf" target="_blank" class="btn btn-primary btn-sm">PDF</a> <span class="bg-info text-light px-1 py-1 float-right rounded"> Downloads <span class="badge badge-light">440</span> </span> </div> </div> </div> </main> <footer> <div id="infolinks" class="pt-3 pb-2"> <div class="container"> <div style="background-color:#f5f5f5;" class="p-3"> <div class="row"> <div class="col-md-2"> <ul class="list-unstyled"> About <li><a href="https://waset.org/page/support">About Us</a></li> <li><a href="https://waset.org/page/support#legal-information">Legal</a></li> <li><a target="_blank" rel="nofollow" href="https://publications.waset.org/static/files/WASET-16th-foundational-anniversary.pdf">WASET celebrates its 16th foundational 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Search results for: Tea Poklepovi膰