[PDF][PDF] Policy factors and exchange rate volatility: panel data versus a specific country analysis
G Benita, B Lauterbach - International research journal of finance …, 2007 - researchgate.net
We study the daily volatility of the exchange rate between the US Dollar and 43 other currencies
in 1990-2001. In the panel we find positive correlations between exchange rate volatility…
in 1990-2001. In the panel we find positive correlations between exchange rate volatility…
Capital asset prices with heterogeneous beliefs
We show that in a market with an infinite number of assets and investors with unbiased
heterogeneous beliefs, asset prices are identical to pricing in the capital asset pricing model, …
heterogeneous beliefs, asset prices are identical to pricing in the capital asset pricing model, …
Are equally likely outcomes perceived as equally likely?
M Levy, G Benita - The Journal of Behavioral Finance, 2009 - Taylor & Francis
Subjective probability weighting is well known as an important factor in decision making.
The case of equally likely outcomes is of special importance for two reasons. First, it is …
The case of equally likely outcomes is of special importance for two reasons. First, it is …
The challenges of managing large FX reserves: the case of Israel
G Benita, N Baudot-Trajtenberg, A Friedman - BIS Paper, 2019 - papers.ssrn.com
This paper describes the Bank of Israel’s investment philosophy and policy. The paper
focuses on the strategic asset allocation framework and the role of the Monetary Policy …
focuses on the strategic asset allocation framework and the role of the Monetary Policy …
Financial disclosure and regulation
… In Levy, Levy, and Benita [2006] we prove that in infinite markets (K —) 0 and n —) 00) with
… matrix, we show in Levy, Levy, and Benita in numerical simulations that the same result holds …
… matrix, we show in Levy, Levy, and Benita in numerical simulations that the same result holds …
[PDF][PDF] Strategic asset allocation from theory to practice: new decision-support tools
G Benita, D Hoffman - Evolving Practices in Public …, 2020 - documents1.worldbank.org
The mean-variance (MV) model is widely used in portfolio management, particularly when
choosing a strategic asset allocation (SAA) benchmark. But it suffers from several drawbacks, …
choosing a strategic asset allocation (SAA) benchmark. But it suffers from several drawbacks, …
[PDF][PDF] The Foreign Exchange Discussion Paper Series
G Benita, H Levy - researchgate.net
This article examines, by means of an investment-portfolio model, how a tax reform-the
elimination of tax discrimination between Israeli and foreign securities-may affect the composition …
elimination of tax discrimination between Israeli and foreign securities-may affect the composition …
Bank of Israel: Integrating Equities into the Foreign Exchange Reserves
A Abir, G Benita - Asset Management at Central Banks and Monetary …, 2020 - Springer
Recently a number of central banks, including the Bank of Israel (BOI), have started to add
risky assets such as equities to the traditional investment assets. This chapter elaborates on …
risky assets such as equities to the traditional investment assets. This chapter elaborates on …
[CITATION][C] Dangers to borrowers in the mortgage market: The historical development and evaluations of several scenarios
G Benita, Z Naor - Bank of Israel, 2013