Few banks have planned adequately for the flattening yield curve. Historically, the vast majority of banks have relied on three things: death, taxes, and a rising yield curve. The rising yield curve made it easy and attractive to borrow short and lend long. If most of the loans stayed current,...
OLDWICK, N.J. -- The treasury yield curve spiked to its recent steepest levels in the first quarter of 2008 as liquidity concerns and aggressive Federal Reserve Fed interest rate cuts were particularly influential in driving down short-term yields. Additionally, credit-market fears and general economic fears drove the curve down to...
John Jagerson submits: In the last section I talked about what a normal yield curve is and what it usually looks like. However, the yield curve will change over time and these changes can be very important indications for what investors think about the market today and what they...
This paper argues that the appropriate discount rate to use to report defined benefit pension plan liabilities in the financial statements is a yield derived from an estimate of a double A corporate yield curve. It introduces a new class of credit spread models finding that they obtain more robust...
This paper compares two methods for correcting for varying irradiance during solar cells I-V curve measurements. One method is the procedure described in IEC standard 891. This paper proposes to fit a diode-curve model directly to the data with varying irradiance. Both methods have their advantages and weak points.
John Jagerson submits: The yield curve is something that analysts and professionals will track but is rarely talked about by smaller individual traders. This is a very important topic right now as the market is hearing echoes of the credit crisis of July 2007. There are some important differences...
Learning-curve research has found that rates of learning can vary across similar settings, such that cumulative experience is a necessary but insufficient predictor of learning-curve slope. One explanation for this finding is that how the learning process is managed affects rates of learning. At any point in time, organizations can...
ATLANTA -- Catch Curve, Inc., an intellectual property development and licensing firm, today announced that it has filed a patent infringement lawsuit against Esker, Inc. and Esker, S.A. Catch Curve is seeking monetary damages for past infringement and a preliminary and permanent injunction to prohibit Esker from continuing to infringe...
Paper explains that businesses have recently recognized that smarter pricing is often the fastest and easiest way to increase profits. Taking better account of their customers’ price sensitivities can allow firms to set more advantageous prices and adjust them more dynamically, sometimes even on a customer-by-customer basis. To do this...
A critical issue for monetary policy and corporate planning is whether the disappearance of the negative relationship between inflation rates and unemployment rates since 1992 has continued and is permanent. In 1999, the Fed apparently believed that the "Phillips Curve" was reasserting itself when it increased interest rates. Did the...
Learning-curve research has found that rates of learning can vary across similar settings, such that cumulative experience is a necessary but insufficient predictor of learning-curve slope. One explanation for this finding is that how the learning process is managed affects rates of learning. An additional possibility is investigated. At any...
Dynamic term structure models DTSMs price interest rate derivatives based on the model implied fair values of the yield curve, ignoring any pricing residuals on the yield curve that are either from model approximations or market imperfections. This paper proposes a new framework that consistently prices both interest rates and...
Any attempt to analyze a venture fund must take into account the way in which, such a fund works and the resulting J-curve. This article explains that a traditional 'Net Asset Value' approach is inappropriate and is likely to give the mistaken impression during the early years of a fund's...
Any angel will tell you there's a significant learning curve. But a big transformation in angel investing is making it easier to move up that curve: the rise of more formal angel investing groups. While many angels are current or former entrepreneurs, and that background can prove invaluable, they also...
OLDWICK, N.J. -- After a year under water, the U.S. Treasury yield curve has resumed a normal, positive slope, with long-term yields higher than short-term yields. As viewed using six-month and 10-year Treasury securities, the yield curve turned negative June 2, 2006, nearly four weeks in advance of the Federal...
This paper proposes a shape-based approach to curve evolution for the segmentation of medical images containing known object types. In particular, motivated by the work of Leventon, Grimson, and Faugeras, they derive a parametric model for an implicit representation of the segmenting curve by applying principal component analysis to a...
MADISON, Wis. -- Esker, Inc., a leading provider of Business Document Delivery solutions, today announced it has filed a lawsuit in Wisconsin seeking a declaration of non-infringement and invalidity of certain U.S. patents alleged to be owned by Catch Curve, Inc., an intellectual property licensing company based in Atlanta, Georgia....