Dimitrios Malliaropulos

Learn More
This paper examines the level of integration of European stock markets. We estimate a conditional asset pricing model, which allows for a time-varying degree of integration that measures the importance of EU-wide risk relative t o c o u n try-speciic risk. The model accounts for intra-European currency risk, time-varying quantities and prices of risk. The(More)
Evaluating investments with long-term consequences using discount rates that decline with the time horizon, (Declining Discount Rates or DDRs) means that future welfare changes are of greater consequence in present value terms. Recent work in this area has turned towards operationalising the theory and establishing a schedule of DDRs for use in cost benefit(More)
Disclaimer Any opinions expressed here are those of the author(s) and not those of the IIIS. All works posted here are owned and copyrighted by the author(s). Papers may only be downloaded for personal use only. Abstract This paper employs a new methodology for measuring the contribution of growth and interest rate differentials to the half-life of(More)
  • 1