3 papers
physics.gen-ph2000
A new Loan-Stock Financial Instrument
Alexander Morozovsky, Rajan Narasimhan, Yuri Kholodenko
A new financial instrument (a new kind of a loan) is introduced. The loan-stock instrument (LSI) combines fixed rate instruments (loans, etc.) with other financial instruments that…
physics.gen-ph2000
A new volatility term in the theory of options with transaction costs
Alexander Morozovsky
The introduction of transaction costs into the theory of option pricing could lead not only to the change of return for options, but also to the change of the volatility. On the ba…
physics.gen-ph1999
Possible mathematical formulation of liquidity preference theory
Alexander Morozovsky
New mathematical formulation of liquidity preference theory is suggested. On the base of comparison between suggested model and real prices paradoxical conclusion could be derived.…