Multi-asset Options
⑴ Definition
Multi-asset 옵션은 하나의 기초자산이 아닌 다수의 기초자산을 대상으로 하는 옵션이다. 금융시장에서 실제로 많은 예를 찾아볼 수 있는데, 그 한 가지 예로써 지수 옵션(index options)을 들 수 있다.
⑵ Examples of multi-asset options traded in the financial market
① Exchange options
- 어떤
options and looking at costs. In examining possibilities for substitution, economists look at costs and benefits at the margin.
경제학자들은 그들의 개인주의적 접근방식 때문에, 사회적 문제들을 해결하기 위해 시장에 의지하는 경향이 있다. 문제를 분석하는데 있어서, 경제학자들은 선택할 수 있는 조건들을 명확화 하고 비용을
on a cartel arrangement by lowering prices in an attempt to capture more of the market.
조작 : 시장을 장악하기 위해 가격을 낮춤으로써 카르텔(기업연합)의 협정을 어기는 것
55. Circular flow of income : The idea that the expenditures of one group are income for other groups. The income is then spent to create income for still other groups.
수입의 순환 :
Ⅰ.What is the IMF?
The International Monetary Fund was created in 1945 to help promote the health of the world economy. Headquartered in Washington DC, it is governed by and accountable to the governments of the 185 countries that make up its near-global membership.
Korea joined IMF in 1955.
1.What is the International Monetary Fund?
The International Monetary Fund—also known as
제1장 데이터마이닝의 개요
1. 데이터마이닝의 정의
1956년 미국의 어느 조그만 마을에 작은 전파상을 운영하는 밀러라는 사람이 있었다. 이 전파상은 수 대에 걸쳐서 내려오는, 그 주위의 여러 다른 마을에도 소문이 난 유명한 가게였다. 물론 주위에는 여러 개의 전파상이 있었지만 유독 밀러씨
3) Put Option Valuation
A Pall Option confers the right on its holder, without the obligation, to sell the underlying asset at a certain date for a certain price. Only a little extra work is needed to value put options. Basically , we just pretend that a put option is a call option and use the Black-Scholes formula to value it. We then use the put-call parity condition to solve for the put valu
estimators. With small sample, distribution of estimators cannot be stable so the estimation result also cannot be good. Secondly, we used Dubai oil price instead of WTI(Western Texas Intermediate). WTI is representative oil produced by the U.S.. As I mentionon the bottom of this page, the reason why we use Dubai oil price is for reality of our oil importing environment. However, with this data,
estimates, about 3.2 trillion US dollar worth of currency changes hands every day.
2. Kind of Exchange rate regime
2. 1. The exchange rate policy is divided into the fixed exchange rate system, a floating exchange rate system and the limited floating exchange rate system depending on flexibility and a functional pattern of exchange rate.
• Fixed exchange rate system: A system tha
1. Definition
1. Definition of Exotic Options
An option that differs from common American or European options in terms of the underlying asset or the calculation of how or when the investor receives a certain payoff.
└>related to the features of Exotic Options, next slide
These options are more complex than options that trade on an exchange, and generally trade over the cou
1. What is an "Exotic Options"?
option contracts that are variations on simple puts and calls or are different products with optionality built into them.
Exotic options are available in various asset classes on which options are available, but are mostly found in the foreign exchange market. A common example is the barrier option, which itself comes in various forms such as knock-in options