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Joint logistics and ?nancial services by a 3PL ?rm.pdf
Production,Manufacturing LogisticsJointlogistics financialservices 3PLfirmXiangfeng Chena, Gangshu (Ge
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Implied volatility surfaces: uncovering regularities for options on nancial futures.pdf
It is well known that the implied volatilities of options on the same underlying asset differ across strike prices and terms to expiration. However, the reason for this remains unclear. Before the development of theory to explain this phenomenon, it may be helpful to better understand the empirical record of implied volatility surfaces. If regularities are discovered which are stable over time, this may aid the development of theories to explain implied volatility surfaces and provide a means to test alternative models. This paper identi es these regularities and subsequent research will examine the implica- tions of these results. While a number of papers have examined individual option markets and identi ed smile patterns, it is not clear whether the conclusions found are based upon idiosyncrasies of a particular market or more generally apply to options in other markets. This research lls this gap in the literature by examining sixteen options markets on nancial futures (comprising
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A DSGE model of banks and -nancial intermediation with default....pdf
DSGEmodel defaultriskMichael WickensUniversity CardiBusiness SchoolAugust 2011AbstractThis paper tak

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