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For further comments on trading adjustment, we refer to Section 2.3 and 2.4.
Hence the integral (int _{0}^{t} X_{u}^{k} left (beta ^{k}_{u}right)^{-1}, dbeta ^{k}_{u}) represents the cumulative interest either paid or received by the hedger due to the presence of the kth trading adjustment.
In this study, we will devote significant attention to terms appearing in the dynamics of (V^{p} x,varphi,A,mathcal {X})), which correspond to the trading adjustment process (mathcal {X}).
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By the same token, the trading strategy φ will typically depend on the trading adjustments.
Analogous arguments can be used at any time t∈[0,T], since the hedger's wealth at time t should represent the value of his portfolio of traded assets net of the value of all trading adjustments (see (10)).
"Trade Adjustment and Productivity in Large Crises". American Economic Review 104 (3): 793-83104
The response needs to reach beyond "trade" adjustment.
We empirically characterize the mechanics of trade adjustment during the Argentine crisis.
The Trade Adjustment Act, she added, will pay for everything except her cap and gown.
Trade Adjustment Assistance (TAA) traces its roots in the US back to 1974.
But the trade adjustment assistance bill failed when 303 voted against it.
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