PAPER CODE
NO:ECON914
EXAMINER:
DEPARTMENT: ULMS
TEL. NO:
MAY EXAMINATIONS 2015
International Finance
TIME ALLOWED:
Two Hours
INSTRUCTIONS TO CANDIDATES
The use of a University approved calculator is
1. spurious regression
In the autoregressive distributed lag (ADL) model, the assumption that both X and
Y are stationary is crucial for the properties of standard estimation and testing
procedures.
W
1. Interest rate swap
What is the interest rate swap
Swaps are contractual agreements to exchange or swap a series of cash flows. If the agreement is for one party to swap
its fixed interest rate deb
ECON914: Solutions for Jan 2013
Section A (50 Marks)
Question 1 (50 marks)
This question has eight parts. You may answer any five parts of this question. Each part
carries 10 marks.
a) Explain the con
1. Interest rate swap-week9a
Whats the interest rate swap?
Where are they used? They used to hedge risk
What are the purposes?
A)SWAPS
Swaps are contractual agreements to exchange or swap a series of
Chapter 4
DEVELOPING OIL
AND GAS PROJECTS
Increased project complexity in demanding environments and
frontier areas, aggressive performance expectations, technological
innovations, larger financial be
200433
Abstract: With the development of block trading activity, there has been a growing
need for preserving trading anonymity and acquiring more liquidity. These demands
gave birth to a new OTC
1. Stationary
(1)Explain what it means to say that an ARMA (p,q) model is stationary and invertible.
(2)Define weak stationary and explain this concept, taking care to point out its
relationship to st