This thesis gives an introduction to securitization in general and the tranching of collateralized debt obligations in particular. It does this by using a firm-value model to simulate the underlying portfolio via monte-carlo simulations. The simulations in turn give a loss-distribution from which the various tranchings of the CDO’s are derived. To get an understanding of the influence of different

This thesis is about returns to schooling for Mexican immigrants to the United States. The United States became the home of many immigrants. There is an evidence that large amount of immigrants in USA are from Mexico. They are among both oldest and newest inhabitants of the nation. Mexican immigrants and their descendants now make-up a significant portion of the US population and have become one o

De ständigt stigande energipriserna har enligt intervjuade mäklare fått ägare av småhus att bli allt mer uppmärksamma på fastighetens driftskostnader. Eftersom uppvärmningskostnaderna är störst av driftskostnaderna faller fokus på uppvärmningssystemen då det i slutändan är de som bestämmer bränslekostnaderna. Ett byte av uppvärmningssystem är relativt kostsamt och man kan därför anta att småhusäga

International migration is a way to find work and support family members for many people in developing countries where income opportunities are few. The number of female migrants have grown and women migrate increasingly as main providers for their families or as heads of households. This thesis uses qualitative analysis to explore the migration process by comparing the reasons behind the migratio

Sweden is a member of the European Union since 1995. The European Union issues directives that cover different areas. Member states must implement these directives into their national legislation. The European council issued in 1993 a directive that took action on the organization of working time, also known as the working time directive. The full name is: Council directive 93/104/EC of 23 Novembe

I examine the impact of several determinants on foreign direct investments (FDI) by conducting a regional analysis with a particular focus on Belarus. I estimate a panel data model for 16 Central and Eastern European and ex-Soviet Union member countries in a cross-country framework over the 2002 to 2006 time period. The determinants chosen for the empirical model represent macro-economic and trade

Uppsatsen ser till vad som sker med inflationen och produktionsgapet (skillnaden mellan den faktiska produktionen och den potentiella produktionen) när en centralbank blir självständigare genom att Rogoff-konservatism införs. Första delen av uppsatsen avhandlar två modeller inom detta monetära ämne och huvudfokus ligger på den nykeynesianska modellen. Efter en redogörelse för modellens uppbyggnad

Denna uppsats behandlar vilka negativa konsekvenser som kan uppstå vid outsourcing av digitala tjänster i en service-oriented architecture (SOA) miljö. Uppsatsen behandlar endast negativa konsekvenser i relation till kontrollen över den information som existerar i de tjänster och i de affärsprocesser som utgörs av tjänster som outsourcas. Syftet och resultatet av uppsatsen är en punktlista som pre

Den strukturella arbetslösheten har legat på 2% under hela perioden 1940-1990. Även efter lågkonjunkturen i början på 1980-talet gick den tillbaka till denna nivå. Dock ökade långtidsarbetslösheten, vilket tyder på att många av de personer som blev arbetslösa under lågkonjunkturen hade problem att ta sig tillbaka in på arbetsmarknaden, trots ökad efterfrågan. Efter 1990-talskrisen ökade både den s

This thesis gives a contribution to strategy-proof social choice theory, in which one investigates to what extent there exist voting procedures that never can be manipulated in the sense that some voter by misrepresentation of his preferences can change the outcome of the voting and obtain an alternative he prefers to that honest voting would give. When exactly one element should be elected from a

This thesis looks at the difference between the legal protection in law and the legal protection in reality when a small company working with international trade comes in contact with seller's breach of contract. The thesis uses a case taken from a company with over 30 years experience trading with China and looks at the legal protection available along with the different possibilities of disp

The World Health Organization rapports general low adherence to medical treatments in long term therapies among developed countries. The aim of this study was to analyse the individual variation in drug adherence to long term use. A set of individual data with people interviewed in year 2004/2005 was created from the Swedish Survey of Living Conditions and the Pharmaceutical Registry. The data set

The end of the Multi-Fiber Agreement in January 2005 meant that quantitative restrictions within the textile and clothing industry were to be abolished. Quantitative restrictions had been used on the export of goods from low-wage countries which threatened producers in developed countries. With the end of the MFA the world market is significantly more accessible for textile and clothing producers

The purpose of this essay is to test for significance between TED- spread and four different macrovariables, housing prices, Federal funds rate, Asset Backes Securities and mortgage volume. Multiple regression has been used to search for significance between the dependent and the four independent variables. Our data consist of quarterly reports from January 1998 to June 2008. Our conclusion is tha

Då allt fler mobiltelefoner med integrerad digitalkamera sprider ut sig bland allmänheten skapas ökade möjligheter för många människor att spontant kunna fotografera sina omgivningar. Kameratelefonen är dessutom svår att skilja från en vanlig mobiltelefon, vilket gör att en person kanske inte ens vet om att denne blir fotograferad. Genom kameratelefonernas kommunikationsteknik kan sedan dessa bild

The paper provides a description of conditionality mainly focusing on the years 1995-2005. Initially, the two main theoretical approaches to conditionality, the principal agent model and the political economy approach, are outlined. Conditionality is then described as it has been defined and implemented by the Bretton Woods Institutions, the European Commission and a few bilateral donors. The case

This study evaluates the international production fragmentation and the specialization of the textile and apparel sector in the ASEAN countries. Moreover, it examines Thailand’s participation in textile and apparel supply-chains with the aim of finding prospects for more value-added production. The finding of the study is that production fragmentation only exists to a small extent in the ASEAN cou

Företag behöver öka farten på införandet av mobila system för att kunna hänga med i den hårt ökande konkurrensen och globaliseringen som sker. För att satsa pengar i ny teknik är det dock viktigt att se tydliga affärsfördelar med investeringen. Här saknas kunskaper och medvetenhet hos företag om möjlig effektivisering som mobila system kan medföra i verksamheter. Syftet med undersökningen är att u

The purpose of this paper is to test a procedure that would be useful for a certain, more final purpose. Assume that you want to know if the differences in the result of a certain effort in health care have any connection with differences between the life situations of the patients. This would be easier to investigate if the life situations of the patients had connection to the easily available va

Trade facilitation work in Vietnam is analysed in this paper. Trade flows are constrained by non-tariff barriers and through trade facilitation these barriers can be decreased. Trade facilitation has become a key topic in trade negotiations and research indicates that trade facilitation is likely to have a positive effect on trade, particularly in developing countries because of larger room for im