This empirical study explores Can-Do structured products engineered by Johannesburg Securities Exchange （JSE） of South Africa around June 2006. However, as time evolved, different types of Can-Do structured products...This empirical study explores Can-Do structured products engineered by Johannesburg Securities Exchange （JSE） of South Africa around June 2006. However, as time evolved, different types of Can-Do structured products were developed. Can-Do structured product, called XFWQ, is used as an example in this empirical study. As previous empirical studies by Georgieva （2005） and Subandh （2007） have confirmed that there are embedded exotic options within structured products that generally make these products to be expensive, and in most cases less profitable compared with plain-vanilla assets, the empirical study confirmed that there is an embedded shout option with the Can-Do structured product. Furthermore, the empirical study shows that there is extra value to the structured product indicated by European long call option that does not accrue to the investors when time of expiration reaches maturity.展开更多
This paper analyzes the British economic experience and reaction towards the Arab oil embargo following the October War of 1973. Even though Britain was excluded from the list of embargoed nations, the impact of the e...This paper analyzes the British economic experience and reaction towards the Arab oil embargo following the October War of 1973. Even though Britain was excluded from the list of embargoed nations, the impact of the embargo for the British economy, especially the fear of insufficient energy in the industrial sector, was real. Consequently, Britain had to implement an effective plan to face the oil crisis. She revised her diplomatic strategy and even considered launching military action to protect her interests in the Arab world. The research is based upon archival documents from The National Archives of England and Wales.展开更多
文摘This empirical study explores Can-Do structured products engineered by Johannesburg Securities Exchange （JSE） of South Africa around June 2006. However, as time evolved, different types of Can-Do structured products were developed. Can-Do structured product, called XFWQ, is used as an example in this empirical study. As previous empirical studies by Georgieva （2005） and Subandh （2007） have confirmed that there are embedded exotic options within structured products that generally make these products to be expensive, and in most cases less profitable compared with plain-vanilla assets, the empirical study confirmed that there is an embedded shout option with the Can-Do structured product. Furthermore, the empirical study shows that there is extra value to the structured product indicated by European long call option that does not accrue to the investors when time of expiration reaches maturity.
文摘This paper analyzes the British economic experience and reaction towards the Arab oil embargo following the October War of 1973. Even though Britain was excluded from the list of embargoed nations, the impact of the embargo for the British economy, especially the fear of insufficient energy in the industrial sector, was real. Consequently, Britain had to implement an effective plan to face the oil crisis. She revised her diplomatic strategy and even considered launching military action to protect her interests in the Arab world. The research is based upon archival documents from The National Archives of England and Wales.
