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Price discovery of sovereign credit risk in the Euro zone

This paper compares credit pricing on the bond market and the credit default swap market with focus on countries of the Euro zone and in particular on Greece. For the period 2006 to 2008 we find that the two markets are closely related and that the CDS market is the main forum of price discovery. After 2008 the relationship loosened, however we find evidence that the bond market still is affected

Justifying high price with Total Cost of Ownership awerness - possible or not on the Asian market?

Purpose: The aim with the report is to investigate if the South East Asian customer on the food processing market base their investments on Total Cost of Ownership and if so, which are the cost drivers considered most vital. Moreover, do these cost-drivers diverge from the perception FP Ltd has, and if so, can a Total Cost of Ownership-model help to achieve a mutual understanding? Methodology: Fir

Price transmission dynamics of Chinese ADRs listed on the NYSE

Purpose: This study aims to examine the price transmission among ADRs (American Depositary Receipts) and their underlying shares, US market index and Hong Kong market index. We will attempt to capture how a shock in the home market is transmitted to the foreign (and vice versa). In addition we will attempt to assess the relative weight of each variable in the system generating unexpected variation

Application of Laser-based Diagnostics to a Prototype Gas Turbine Burner at Selected Pressures

The matured laser-diagnostic techniques of planar laser-induced fluorescence (PLIF) and particle image velocimetry (PIV) were applied to a prototype gas turbine burner operating on various fuels. The work was performed to provide verification of computational fluid dynamic (CFD) models of the combustion of atypical fuels in a gas turbine combustor. The burner was operated using methane and three s