Essays about: "Nichawan Thamrongsak"

Found 2 essays containing the words Nichawan Thamrongsak.

1. 1. An Assessment of the Riksbank’s Corporate Bond Purchase Program on the Yield Spread and Firm’s Debt Structure

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Najmeh Hajimirza; Nichawan Thamrongsak; [2022]
   Keywords : Quantitative easing; Corporate bond purchase program; Yield spread; Debt structure; Intention-to-treat; Treatment-on-treated; Business and Economics;

   Abstract : We study the effect of Riksbank’s corporate bond purchase program on the yield spread of bonds and firm-level debt structure. We find evidence that the Riksbank’s corporate quantitative easing announcement reduces the yield spread of eligible bonds compared to the non-eligible bonds. READ MORE

3. 2. The Rise of Cryptocurrencies as an Investment Hedge. The Shift from Traditional Investment Hedges: Can Cryptocurrencies Replace Bonds as an Investment Hedge?

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Nichawan Thamrongsak; Mia Varis; [2021]
   Keywords : Cryptocurrency; Hedging; DCC-GARCH; US Treasury Yields; S P 500; MSCI World Index; Business and Economics;

   Abstract : This thesis uses a dynamic conditional correlation (DCC) model to investigate the correlation between major cryptocurrencies, US government bonds and the S&P 500 and MSCI World indices in order to establish the hedge, safe haven and diversifier properties of cryptocurrencies. While US Treasuries have exhibited negative correlation and hedging properties against equity risk for decades, recent extreme market conditions have caused investors to look for alternative asset classes for hedging. READ MORE