Search Results - "Anthony F. Herbst"

Quantitative easing in an open economy—Not a liquidity but a reserve trap by Herbst, Anthony F., Wu, Joseph S.K., Ho, Chi Pui

“…Expansionary monetary policy is ineffective in a liquidity trap. In another case, which we call a “reserve trap,” money supply increase is trapped in bank…”
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Relationship between risk attitude and economic recovery in optimal growth theory by Herbst, Anthony F., Wu, Joseph S.K., Ho, Chi Pui

“…Policy makers often resort to Keynesian fiscal stimulus to try to stabilize the economy after a major economic downturn. This is nearly always financed with…”
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Lunacy in the Stock Market—What is the Evidence? by Herbst, Anthony

“…Popular culture and folklore have long recognized the influence of the lunar cycle on plant, animal, and human behavior. Many of the effects have been…”
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Foreign investment with inflation-linked securities: A natural hedge under Fisher theory? by Herbst, Anthony F., Wu, Joseph S.K.

“…All foreign holders of U.S. dollars currencies face significant risk of unfavorable currency exchange movements, proportional to the amounts they hold. Some of…”
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Trajectory of Earnings Growth Influences Cost of Equity Capital, and Optimal Time to Sell by Anthony F. Herbst, Joseph S. K. Wu

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An analysis of the stock market's response to the Exxon Valdez disaster by Herbst, Anthony F., Marshall, John F., Wingender, John

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The existence of a numeraire currency in foreign exchange: Evidence from transaction spot rates for Japan, Germany, and the United States by Herbst, Anthony F., Smith, Charles L., Traichal, Patrick A.

“…A study examines the time-series properties of transaction level currency exchange data to infer the use of a base currency for market transactions. Consistent…”
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Optimal currency forward market hedge ratios: Hedging or concealed speculation? by Herbst, Anthony F., Swanson, Peggy E.

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Gold versus U.S. Common Stocks: Some Evidence on Inflation Hedge Performance and Cyclical Behavior by Herbst, Anthony F.

“…An examination of the long-term relationship between the price of gold and the stock market in the United States suggests that, over the very long term, gold…”
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A FACTOR ANALYSIS APPROACH TO DETERMINING THE RELATIVE ENDOGENIETY OF TRADE CREDIT by Herbst, Anthony F.

“…THOUGH IN RECENT YEARS SEVERAL STUDIES OF TRADE CREDIT HAVE APPEARED, EMPHASIS HAS BEEN AT THE HIGHEST LEVEL OF AGGREGATION. THIS STUDY IS ADDRESSED TO THE…”
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A Factor Analysis Approach to Determining the Relative Endogeneity of Trade Credit by Herbst, Anthony F.

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Precis--A Fortran IV Procedure for Determining Return on Invested Capital by Herbst, Anthony F

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A Fortran IV Procedure for Determining Return on Invested Capital by Herbst, Anthony F.

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Some Empirical Evidence on the Determinants of Trade Credit at the Industry Level of Aggregation by Herbst, Anthony F.

“…The results obtained for accounts payable contrast with those for accounts receivable. With receivables, it appears that the level is determined more or less…”
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Political-Economic Cycles in the U.S. Stock Market by Herbst, Anthony F., Slinkman, Craig W.

“…It is reasonable to suppose that the stock market may be influenced by the electorate, and that stock prices may reflect consensus expectations of the success…”
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E-finance by Herbst, Anthony F

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E-finance: Promises kept, promises unfulfilled, and implications for policy and research by Herbst, Anthony F

“…Growth of electronic, Internet-based commerce, or e-commerce, has been truly explosive. However, innovations and growth of e-finance have lagged those of…”
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An Instructional Case On Real Options by Lin, J. Barry, Herbst, Anthony F.

“…Businesses constantly make strategic changes in response to changes in business environment. Conventional NPV-based capital budgeting does not account for the…”
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A Simple Application of Real-Options to the Valuation of Pre-IPO High-Growth Firms by Herbst, Anthony F., Lin, J. Barry, Yi, Bing S.

“…Valuation has always been difficult for IPO and Pre-IPO businesses, particularly in how to capture the growth value that is highly important for such firms…”
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An Analysis of Daily Patterns in Stock Returns across Indices: Spot versus Futures by Maberly, Edwin D., Spahr, Ronald W., Herbst, Anthony F.

“…This paper presents an empirical examination of daily patterns in stock returns across indices of varying market capitalization. The analysis is extended to…”
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