2 papers
econ.GN2025
Defining the payback period for nonconventional cash flows: an axiomatic approach
Mikhail V. Sokolov
The payback period is unambiguously defined for conventional investment projects, projects in which a series of cash outflows is followed by a series of cash inflows. Its definitio…
econ.GN2023
An effective interest rate cap: a clarification
Mikhail V. Sokolov
Many countries impose regulatory restrictions on lending rates known as interest rate caps. In most cases, these restrictions apply to the effective (rather than nominal) interest…