Monthly Archives: November 2013

Italo and Germano in a story by Fausto Panunzi on lavoce.info

Funny and informative the recent story of Italo (Italy) and Germano (Germany) on a post by Fausto Panunzi on lavoce.info La sovranità e il vincolo esterno | Fausto Panunzi.

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Posted in Economics
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Duration matching and bond selection

READ a book about fixed income investment management and you’ll be baffled.

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Posted in Economics
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Yield to maturity on Excel

Excel offers simplicity via convenience: yield to maturity and internal rate of return are at hand on such ubiquitous tool. During the preparation of our mostly sought-after e-learning training sessions for the EFPA certificate, at eXponential we have realized how bewildered financial advisors are sometimes at dealing with Excel for

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Posted in Economics
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Black-Litterman: a soft introduction

The Black-Litterman (BL) model considers explicitly that investors do express their own views about risky asset returns by collectively holding the market portfolio according to their market capitalizations. An active investment manager aiming at beating the market often implements her own views tilting the portfolio weights towards over or under performing assets according to rules

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Posted in Economics, Whitepapers
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“Babcock duration”: a weighted average of two factors

Lately, I have had to explain what Babcock duration is. Further to saying it’s an alternative gauge of duration to Macaulay it simply is a weighted average of two factors [1]: (maturity) and The outright formula [2], the weighted average, is: . There’s a zero coupon with n years of

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Posted in Economics
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The US Treasury is right about Germany’s Eurozone policies: Here is why | Yanis Varoufakis

The US Treasury is right about Germany’s Eurozone policies: Here is why | Yanis Varoufakis.

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Posted in Economics
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