LEADER 04417nam 2200649 450 001 9910464005803321 005 20170815101927.0 010 $a1-4623-0333-1 010 $a1-4527-7633-4 010 $a1-282-84063-0 010 $a1-4518-6969-X 010 $a9786612840630 035 $a(CKB)3170000000054996 035 $a(EBL)1607827 035 $a(SSID)ssj0000944159 035 $a(PQKBManifestationID)11485779 035 $a(PQKBTitleCode)TC0000944159 035 $a(PQKBWorkID)11000831 035 $a(PQKB)11568290 035 $a(OCoLC)815738561 035 $a(MiAaPQ)EBC1607827 035 $a(EXLCZ)993170000000054996 100 $a20140225h20082008 uy 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aIs there a novelty premium on new financial instruments? $ethe Argentine experience with GDP-indexed warrants /$fAlejo Costa, Marcos Chamon, and Luca Antonio Ricci 210 1$a[Washington, District of Columbia] :$cInternational Monetary Fund,$d2008. 210 4$dİ2008 215 $a1 online resource (42 p.) 225 1 $aIMF Working Papers 225 0$aIMF working paper ;$vWP/08/109 300 $aDescription based upon print version of record. 311 $a1-4519-1423-7 320 $aIncludes bibliographical references. 327 $aContents; I. Introduction; II. The Argentine GDP-Warrants; Tables; 1. Main Economic Indicators; Figures; 1. GDP Warrants - Currency Distribution; 2. Base Level GDP and GDP Growth; 2. GPD-Linked Unit: Outstanding Value, Units of Currency and Payments; III. Market Response; IV. Theoretical Value; 3. GDP Warrants - Market Price; A. Discount Rate; B. GDP; C. Inflation and the Exchange Rate; V. Main Baseline Results for the US GDP Warrant; 3. Baseline Assumptions; 4. US GDP Warrant Theoretical Values Using Random Sampling from 1981-2007 Residuals; A. Main Factors Behind Valuation Changes 327 $a5. US GDP Warrant Premiums Using Random Sampling from 1980-2007 ResidualsB. Comparisons with Investment Bank Valuations; 6. Factors Explaining Price Changes; 7. US GDP Warrant Theoretical Value Under Average Investment Bank Assumptions and Market Prices; 8. US GDP Warrant Premiums Using Average Investment Bank Assumptions; 9. US GDP Warrant Residual Premium Under Different Scenarios; VI. Other Valuation Exercises; A. Theoretical Values for the Arg GDP Warrant; 10. Arg GDP Warrant Using Random Sampling from 1981-2007 Residuals; B. Theoretical Values for the Euro GDP Warrant 327 $aC. The Effect of Exchange Rates and Inflation11. Arg GDP Warrant Premiums Using Random Sampling from 1981-2007 Residuals; 12. Euro GDP Warrant Premiums Using Random Sampling from 1981-2007 Residuals; 13. Arg GDP Warrant Theoretical Values Robustness With Respect to Inflation; D. The Effect of Growth; 4. Sensitivity on 2007/2008 Baseline Growth +/- 1.5%; 5. Sensitivity on Convergence Year; E. The Effect of Uncertainty; F. Expected Value for the Remaining Maturity; 14a. Expected Cash Flows; 14b. Distribution of Expected Effective Maturity 327 $a15 Expected Theoretical Values for the Warrants Over TimeVII. Conclusions; Appendices; 1. Investors' Survey; 2. Discounting Cash Flows; References 330 $aThis paper examines the Argentine experience with GDP-indexed warrants in order to gauge the existence of a novelty premium on new financial instruments. It develops a Monte Carlo pricing exercise to calculate the expected net present value of payments, on the basis of various forecast assumptions. The results show that the residual premium paid by these warrants over standard bonds declined significantly by about 600 basis points between December 2005 and July 2007. This suggests that financial innovation may be associated with premia, which decay reasonably fast. 410 0$aIMF Working Papers 606 $aInflation-indexed bonds$zArgentina$xEconometric models 608 $aElectronic books. 615 0$aInflation-indexed bonds$xEconometric models. 676 $a332.63232 700 $aCosta$b Alejo$0862005 701 $aChamon$b Marcos$0862006 701 $aRicci$b Luca Antonio$0862007 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910464005803321 996 $aIs there a novelty premium on new financial instruments$91924029 997 $aUNINA LEADER 05351oam 2200589M 450 001 9910968787003321 005 20240829171749.0 010 $a1-317-10858-2 010 $a1-315-59125-1 010 $a1-4094-1731-X 035 $a(CKB)2670000000346241 035 $a(EBL)3002313 035 $a(MiAaPQ)EBC3002313 035 $a(OCoLC)874143292 035 $a(OCoLC-P)874143292 035 $a(FlBoTFG)9781315591254 035 $a(MiAaPQ)EBC2004620 035 $a(BIP)75756872 035 $a(EXLCZ)992670000000346241 100 $a20131023d2010 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $2rdacontent 182 $2rdamedia 183 $2rdacarrier 200 03$aLa Austrialia del Espi?ritu Santo$hVolume 1 $ethe journal of Fay Martin de Munilla O.F.M. and other documents relating to the voyage of Pedro Ferna?ndez de Quiro? to the South Sea (1605-1606) and the Franciscan missionary plan (1617-1627) /$fedited by Celsus Kelly O.F.M ; with G.R. Parsonson 210 1$aSurrey :$cAshgate Publishing Limited,$d2010. 215 $a1 online resource (302 p.) 225 1 $aHakluyt Society 300 $aDescription based upon print version of record. 311 08$a1-336-21952-1 311 08$a1-4094-1492-2 320 $aIncludes bibliographical references and index. 327 $a""Cover""; ""CONTENTS""; ""PREFACE""; ""ILLUSTRATIONS AND MAPS""; ""ABBREVIATIONS""; ""DATING IN THE NARRATIVES""; ""INTRODUCTION""; ""PART I""; ""QUIROS AND HIS ENTERPRISE""; ""A NOTE ON THE DOCUMENTS""; ""THE GEOGRAPHICAL OBJECTIVE""; ""THE MOTIVES UNDERLYING THE EXPEDITION""; ""NEGOTIATIONS AND PREPARATIONS FOR THE EXPEDITION""; ""THE FLEET AND THE SHIPS' COMPANIES""; ""THE VOYAGE: CALLAO TO LA AUSTRALIA DEL ESPIRITU SANTO""; ""PROBLEMS OF IDENTIFICATION""; ""THE ISLANDS AND THEIR PEOPLES, BY G. S. PARSONSON""; ""THE SPAINIARDS AND THE NATIVES"" 327 $a""THE ALLEGED MUTINY, THE SEPARATION OF THE SHIPS AT THE BAY, AND THE HOMEWARD VOYAGE OF THE CAPITANA""""THE AFTERMATH OF THE VOYAGE, AND NEGOTIATIONS FOR A COLONIZING EXPEDITION""; ""PART II""; ""THE FRANCISCAN MISSION""; ""THE CHAPLIANS IN THE EXPEDITION""; ""THE FRANCISCAN MISSIONART PLAN (1617-1627/34)""; ""TEXTS:""; ""MAIN TEXTS OF THE 1605 EXPEDITION""; ""DESCRIPTION OF THE MUNILLA MS""; ""I. RELACION OF FRAY MARTIN DE MUNILLA O.F.M. AND FRAY MATEO DE VASCONES O.F.M.""; ""ILLUSTRATIONS AND MAPS""; ""I. CHART OF THE PACIFIC BY QUIROS, 1598"" 327 $a""II. EARLIEST KNOWN CHART OF NOVA GERUSALEM (ESPIRITU SANTO ISLAND, NEW HEBRIDES), BY MANOEL GODINHO DE EREDIA""""III. REDUCED FACSIMILE OF THE FIRST PAGE OF THE RELACION OF FRAY MARTIN DE MUNILLA, 1605""; ""IV. CHART OF THE BAY OF SAN FELIPE Y SANTIAGO, BY DON DIEGO DE PRADO Y TOVAR, 1606""; ""V. NATIVES OF THE BAY OF SAN FELIPE Y SANTIAGO, 1606""; ""VI. NATIVES OF THE BAY OF SAN MILLAN (NEW GUINEA), 1606 ARCHIVO GENERAL DE SIMANCAS, MAPAS, PLANOS Y DIBUJOS, XVIII, 82"" 327 $a""VII. REDUCED FACSIMILE SHOWING FINAL ENTRIES OF MUNILLA AND COMMENCEMENT OF TEXT OF FRAY MATEO DE VASCONES, WITH A REFERENCE TO THE DEATH OF FRAY MUNILLA, 1606""""VIII. MAP SHOWING THE DISCOVERIES OF MENDANA (1595), QUIROS AND TORRES (1606), BY MANOEL GODINBO DE EREDIA""; ""SKETCH MAPS""; ""MAP 1. QUIROS' TRACK ACROSS THE PACIFIC IN 1595 AND 1605-6, SHOWING ALSO PROBABLE ROUTE OF TORRES FROM ESPIRITU SANTO TO MANILLA (1606-1607)""; ""MAP 2. QUIROS' TRACK THROUGH THE TUAMOTU ARCHIPELAGO IN 1606""; ""MAP. 3. QUIROS' TRACK FROM TAUMAKO TO ESPIRITU SANTO IN 1606"" 327 $a""MAP. 4. LA AUSTRALIA DEL ESPIRITU SANTO""""TABLES""; ""B. TABLE OF DISTANCES WITH APPROXIMATE VALUE IN LEAGUES""; ""C. 'ISLAND DISCOVERIES' OF QUIROS, WITH THEIR VARIOUS IDENIFICATIONS"" 330 $aPedro Ferna?ndez de Quiro?s was a remarkable navigator and explorer. Having sailed in 1595 as chief pilot in the ill-fated Spanish expedition to the Solomon Islands, he returned to the 'Austral Lands' - the area of the New Hebrides - in 1605 with another expedition, which is the subject of this volume. In his Introduction Father Kelly sets out to resolve some of the outstanding historical problems of this Quiro?s expedition in the light of recently discovered documents. At the same time he gives a brief description of the Franciscan missionary apostolate, its contribution to geographical discovery in the Pacific, and its missionary plans for the natives of the Austral lands. He also provides a systematic survey of source material in Spanish, Roman and other European archives. The volume contains 32 documents concerning the 1605 expedition, including Munilla's Relacio?n, as well as the Franciscan Missionary Plan. All these have been translated by Father Kelly. Continued in Second Series 127, with which the main pagination is continuous. This is a new print-on-demand hardback edition of the volume first published in 1966. 410 0$aWorks issued by the Hakluyt Society. 606 $aExplorers$zOceania 607 $aOceania$xDiscovery and exploration 615 0$aExplorers 676 $a919.04 701 $aKelly$b Celsus$f1900-1975.$01834574 701 $aParsonson$b G. R$01834575 801 0$bOCoLC-P 801 1$bOCoLC-P 906 $aBOOK 912 $a9910968787003321 996 $aLa Austrialia del Espi?ritu Santo$94410093 997 $aUNINA