As explained in Prof. Robert Jarrow’s book cited below, forward rates contain a risk premium above and beyond the market’s expectations for the 3-month forward rate. We document the size of that risk ...
When Roseanna Castillo received a letter from her insurance company about her roof issues based on aerial images from Google Earth, she was taken aback by the unsolicited inspection and demand for ...
Marks and Spencer, that icon of British middle-class identity, is now substantially owned by US investment firms like BlackRock and Vanguard Group. Car firm Morris Garages, maker of the classic MGB ...
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