In part, the massive overvaluation
of equity that occurred in the late 1990s and early 2000s is consistent with what we have seen in the past.
In sum, our results suggest that insofar as the need to avoid overvaluation
is important and the domestic financial sector is underdeveloped, greater caution toward certain forms of foreign capital inflows might be warranted.
As discussed in Section 2, the external exogenous factors included in our empirical analysis are (trade-weighted) lagged external growth rates of the G-3, a measure of "openness" to foreign trade, and the lagged rate of real exchange rate overvaluation
In addition, and more importantly, the overvaluation
is making it tougher for U.
However, it was noted that some people don't wish to trigger an IRS audit by possible overvaluation
of their deductions.
The absence of an official monetary policy has led to complaints regarding lack of transparency, and the peg itself has resulted in overvaluation
of the Egyptian pound, larger trade deficits and a shortage of hard currency All of these factors contributed to slower GDP growth.
Since potential productivity has accelerated since the mid-1990s, it offers a potential partial explanation of the overvaluation
that has developed in the traditional model.
In a framework that explicitly accounts for the role of productivity, substantial overvaluation
of the peso is detected, but an undervaluation of the won is also uncovered.
There is such an overvaluation
of technology stocks that it is absurd," Ballmer quipped.
65) from 2001 in order to pave the way for entry into EMU; this rate would amount to a 5 per cent overvaluation
Given the framework discussed earlier, three major areas of conflict can be analyzed: (1) the undervaluation of nonprofessionals (from the perspective of library technicians and associates); (2) the overvaluation
of nonprofessional administrators or supervisors (from the perspective of information professionals); and (3) inequities among different kinds of professionals.
One Solution to the Option Pricing Overvaluation
Problem: Using Down and Out Call Options