Tags Government deficits

Tag: government deficits


Endogenous market risk: updated primer

Endogenous risk arises from the interaction of financial market participants, as opposed to traded assets’ fundamental value. It often manifests as feedback loops after...

Dealer capital ratios and FX carry returns

When financial market intermediaries warehouse net risk positions of other market participants the marginal value of their capital should affect the expected and actual...

A method for de-trending asset prices

Financial market prices and return indices are non-stationary time series, even in logarithmic form. This means not only that they are drifting, but also...