Vassar College Digital Library

Vassar Scholarship

Vassar Scholarship, the institutional repository formerly known as Digital Window, reflects the research and scholarly output of the Vassar College community.  It provides access to a variety of collections, including senior theses and projects across a wide range of disciplines.

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Vassar Scholarship

Closed-end fund discounts and interest rates: positive covariance in US data after 1985

Publication Date
2005-September-01
Document Type
working paper
Authors
Flynn, Sean M.
Department or Program
Economics Department
Document Type
Working Paper
Abstract

Previous papers find no relationship between interest rates and the discounts of US closed-end funds before 1985. This is taken as evidence against management fees being a cause of discounts because a negative relationship is expected: if interest rates rise...

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Vassar Scholarship

Noise-trader risk: does it deter arbitrage, and is it priced?

Publication Date
2005-September-12
Document Type
working paper
Authors
Flynn, Sean M.
Department or Program
Economics Department
Document Type
Working Paper
Abstract

Arbitrage positions that benefit from the reversion of closed-end fund discounts to rational levels show excess returns that increase in magnitude the more funds are mispriced. At the same time, fund trading volumes and bid-ask spreads more than double as...

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Vassar Scholarship

Shakes, Quakes and Kokoro no care

Publication Date
2013-January-01
Document Type
Senior Capstone Projects
Authors
Jessica L. Lum
Department or Program
Asian Studies Program
Document Type
Senior Capstone Project
Access Level
Archive Only
Abstract

The 3.11 events in 2011 are historically the most destructive series of natural disasters to have ever hit the island nation of Japan. But while the international media has commended the bravery of survivors and applauded Japanese efforts to provide...

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