MATHEMATICAL MODELS FOR THE FORMATION OF PORTFOLIOS OF FINANCIAL ASSETS IN G. MARKOWITZ AND V. SHARP STATEMENTS

2020 ◽  
Author(s):  
Марк Андреевич Горский
Keyword(s):  
Mathematical Models ◽  
Financial Assets ◽  
Optimal Portfolios ◽  
Liquidity Constraint ◽  
Investment Capital

В статье представлены результаты, включающие постановки задач и математические модели формирования оптимальных портфелей финансовых активов в постановках Г. Марковица и В. Шарпа с учетом ограничения по ликвидности. Представлены варианты оптимальных портфелей, рассчитанных для инвесторов умеренно-агрессивного типа с различными объемами инвестиционного капитала инвестиционного портфеля. The article includes: statement of problems and mathematical models for the formation of optimal portfolios of financial assets in the statements of G. Markowitz and V. Sharp taking into account the liquidity constraint. Variants of optimal portfolios are presented, designed for moderately aggressive investors with different volumes of investment capital.

Optimal Portfolios For Different Holding Periods

2010 ◽  
Vol 8 (10) ◽  
Author(s):  
Byeongyong Paul Choi ◽  
Sandip Mukherji
Keyword(s):  
Risk Premium ◽  
Bootstrap Method ◽  
Investment Horizon ◽  
Financial Assets ◽  
Small Company ◽  
Optimal Portfolios ◽  
Treasury Bills ◽  
Government Bonds ◽  
Holding Period ◽  
Random Samples

<p class="MsoBodyText" style="text-align: justify; line-height: normal; margin: 0in 0.5in 0pt; mso-pagination: none;"><span style="color: black; font-size: 10pt; mso-themecolor: text1;"><span style="font-family: Times New Roman;">This study uses a block bootstrap method to construct random samples of returns of six major financial assets and identifies optimal portfolios for three different objectives relating to risk and return for short, medium, and long holding periods. Optimal portfolios minimizing risk consist solely of Treasury Bills and small company stocks for all periods, with an increasing allocation to small company stocks as the investment horizon lengthens. Optimal portfolios minimizing risk relative to return, as well as those maximizing the risk premium relative to risk, contain intermediate-term government bonds and stocks for all horizons, and the proportions of stocks in these portfolios increase with the investment horizon, small company stocks becoming the major component of the optimal portfolios for 10 years. These results indicate that, for investors optimizing any of these three objectives, the optimal portfolios contain increasing allocations of riskier assets, and decreasing allocations of safer assets, as the holding period increases.<strong style="mso-bidi-font-weight: normal;"></strong></span></span></p>

Rhodesia's “Pro-Settlement Groups” and the Anglo-Rhodesian Constitutional Dispute

1973 ◽  
Vol 3 (1) ◽  
pp. 2-5
Author(s):  
Tony Kirk
Keyword(s):  
Legal Rights ◽  
Financial Assets ◽  
British Government ◽  
White Population ◽  
Money Markets ◽  
Unilateral Declaration ◽  
Responsible Government ◽  
Investment Capital ◽  
The Government ◽  
British Commonwealth

The present political uncertainty in Rhodesia has complex origins. Until 1965 the country was a member of the British Commonwealth. It enjoyed “Responsible Government” (in the constitutional sense) which allowed its politicians much latitude in running affairs to suit their own desires. The black majority of the population had virtually no voice in the government. Britain retained a few residual legal rights arising from the situation when Rhodesia was colonized in 1890. In 1965 the Rhodesian politicians representing the white population of under 250,000 renounced their obligations in terms of these British rights and proclaimed their country a sovereign, independent power. The British government responded to the unilateral declaration of independence (U.D.I.) by imposing an economic blockade on Rhodesia. Rhodesia's financial assets abroad were frozen and its export trade embargoed. Its access to foreign money markets to raise investment capital was blocked.

Handbook of Mathematical Models for Languages and Computation

2019 ◽  
Author(s):  
Alexander Meduna ◽  
Petr Horacek ◽  
Martin Tomko
Keyword(s):  
Mathematical Models

The Efficiency of Russia's Foreign Financial Assets Realization

2004 ◽  
pp. 76-91
Author(s):  
B. Kheifets
Keyword(s):  
State Policy ◽  
The State ◽  
Financial Assets ◽  
Foreign Countries

Russia's financial requirements in respect to foreign countries have considerably lowered during recent years without noticeable return for the country's budget. Different assessments of the value of foreign financial assets are considered in the article and main reasons that have led to their lowering are revealed. The state policy in the field is critically analyzed, alternative variants of increasing the effectiveness of foreign financial assets realization are offered.

Economic Development in 2006 and the Future of the Russian Economy: The Non-Resource-Based Sector Potential (The Economic Report of All-Russia Business Union “Delovaya Rossiya”)

2007 ◽  
pp. 27-45
Author(s):  
B. Titov ◽  
I. Pilipenko ◽  
A. Danilov-Danilyan
Keyword(s):  
Economic Development ◽  
Free Market ◽  
Economic Report ◽  
Russian Economy ◽  
The Social ◽  
National Economic ◽  
Investment Capital ◽  
Export Industries ◽  
Sustainable Economic Growth

The report considers how the state economic policy contributes to the national economic development in the midterm perspective. It analyzes main current economic problems of the Russian economy, i.e. low effectiveness of the social system, high dependence on export industries and natural resources, high monopolization and underdeveloped free market, as well as barriers that hinder non-recourse-based business development including high tax burden, skilled labor deficit and lack of investment capital. We propose a social-oriented market economy as the Russian economic model to achieve a sustainable economic growth in the long-term perspective. This model is based on people’s prosperity and therefore expanding domestic demand that stimulates the growth of domestic non-resource-based sector which in turn can accelerate annual GDP growth rates to 10-12%. To realize this model "Delovaya Rossiya" proposes a program that consists of a number of directions and key groups of measures covering priority national projects, tax, fiscal, monetary, innovative-industrial, trade and social policies.

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