Free financial advice

Some might expect a conflict between the market measure of risk (systematic risk) and the fundamental determinants of risk (business risk, and so on). A number of studies have examined the relationship between the market measure of risk (systematic risk) and accounting variables used to measure the fundamental risk factors, such as business risk, financial [...]

The discipline of floating exchange rates is quite different to that of a pegged exchange rate system. No longer is the exchange rate itself the anchor of monetary credibility. Instead, the conventional wisdom has moved towards inflation targeting through interest rate policy as the anchor of monetary credibility. As a result, the emphasis has shifted [...]