Open Access. Powered by Scholars. Published by Universities.®

Business Commons™

Open Access. Powered by Scholars. Published by Universities.®

Social and Behavioral Sciences

None

Articles 361 - 368 of 368

Full-Text Articles in Business

Fnma Mortgage Commitments As Put Options: An Empirical Examination, Thomas Berry, Adam Gehr Dec 1984

Fnma Mortgage Commitments As Put Options: An Empirical Examination, Thomas Berry, Adam Gehr

Thomas D Berry

The Federal National Mortgage Association (FNMA) auctions commitments to purchase mortgages. An examination of the terms of the commitment contract shows that these commitments are actually put options on mortgages. The contract is unusual, however, in that the price of the commitment is a fixed percentage of the value of the mortgages. In the auction, the dealers effectively bid the exercise price at which they would be willing to pay the fixed commitment price. In this paper, we study the economics of the FNMA auction. We use a two-state approximation to the American put pricing model for interest-dependent securities to …

Go to article

State Variation In The Targeted Jobs Tax Credit Program, Thomas Berry, Julie Lane Dec 1984

State Variation In The Targeted Jobs Tax Credit Program, Thomas Berry, Julie Lane

Thomas D Berry

No abstract provided.

Go to article

Assessing Political Risk In Less Developed Countries, Asayehgn Desta Dec 1984

Assessing Political Risk In Less Developed Countries, Asayehgn Desta

Asayehgn Desta

Corporate investment in less developed countries can be a lucrative source of resources and earnings. But how does one minimize the risks—particularly the political risks? The current trend in risk‐assessment methodology is to use “hard data” rather than subjective analysis. But this can be a drawback because the quantitative methodologies used are often determined by the data available. Presented here is a framework for political risk assessment that does more than simply look at the numbers.

Go to article

A Short-Run Model Of Regional Housing Demand, Thomas Berry Dec 1983

A Short-Run Model Of Regional Housing Demand, Thomas Berry

Thomas D Berry

No abstract provided.

Go to article

Fnma Auction Results As A Forecaster Of Residential Mortgage Yields, Thomas Berry, Adam Gehr Jan 1983

Fnma Auction Results As A Forecaster Of Residential Mortgage Yields, Thomas Berry, Adam Gehr

Thomas D Berry

No abstract provided.

Go to article

An Alternative Methodology For Developing Certainty Equivalents, Thomas Berry, Bill Poppie Dec 1982

An Alternative Methodology For Developing Certainty Equivalents, Thomas Berry, Bill Poppie

Thomas D Berry

No abstract provided.

Go to article

The Choice Of Money Market Fund, Thomas Berry Apr 1982

The Choice Of Money Market Fund, Thomas Berry

Thomas D Berry

No abstract provided.

Go to article

Higher Education: Labor Market Linkage, Asayehgn Desta Jan 1982

Higher Education: Labor Market Linkage, Asayehgn Desta

Asayehgn Desta

"It is clear from government documents that in the last 2 decades, post-secondary education institutions have expanded at a dramatic rate in many African countries, either to meet the need for using locals in high-level posts predominantly held by expatriates or to meet social demand.

Studies now indicate that in most African countries, shortages of manpower are giving way to a surplus of university graduates at a more rapid rate than was originally envisaged" ~ from the article

Go to article

First Prev