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Found 2 essays matching the above criteria.

1. 1. Fractional Cointegration and Price Discovery in FX Markets

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Johan Faxner; [2023]
   Keywords : exchange rates; price discovery; fractional cointegration; market microstructure; covered interest rate parity;

   Abstract : I employ bivariate fractionally cointegrated vector autoregressive models to analyze price discovery on the EUR/GBP market. Using daily spot rates between 2010 and 2022 along with corresponding one-month and three-month forward rates, I extract parameter estimates for pairwise long-run relationships, each pair containing a spot and a forward. READ MORE

3. 2. An Inverted U: Testing for a Swedish Municipal Environmental Kuznets Curve with an Inequality Perspective

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Johan Faxner; Carl Edvin Steinvall; [2020]
   Keywords : Environmental Degradation; Environmental Kuznets Curve; Income Inequality; Swedish Municipalities;

   Abstract : The Environmental Kuznets Curve (EKC) hypothesis suggests a relationship between environmental degradation and economic development where degradation initially increases with economic development until a certain point where additional development is associated with decreasing degradation. In the literature, the effect of economic inequality on this relationship has been studied from both theoretical and empirical viewpoints. READ MORE