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– “The National Highway Traffic Safety Administration (NHTSA) also released the final eligibility requirements to participate in the program. Under the CARS program, consumers receive a $3,500 or $4,500 discount from a car dealer when they trade in their old vehicle and purchase or lease a new, qualifying vehicle. In order to be eligible for the program, the trade-in passenger vehicle must: be manufactured less than 25 years before the date it is traded in; have a combined city/highway fuel economy of 18 miles per gallon or less; be in drivable condition; and be continuously insured and registered to the same owner ...
The issue of correlations among stock indices is essential for effective diversification strategies of portfolio managers. However, it is often claimed that the economic and financial integration of European markets has increased correlations between stock market indices, making it less attractive for portfolio managers to diversify among European assets. This paper examines the development of the correlation structure between country indices during monetary and economic integration in the European Monetary Union and finds that correlations increased considerably during the sample period ... Read More