منابع مشابه
Aggregating Economic Capital
In this paper we analyze and evaluate a standard approach financial institutions use to calculate their so-called total economic capital. If we consider a business that faces a total random loss S over a given one-year horizon then economic capital is traditionally defined as the difference between the 99.97% percentile of S and its expectation. The standard approach essentially assumes that th...
متن کاملCentrum voor
Discrete wavelet transforms over finite sets which are translation invariant L. Kamstra Probability, Networks and Algorithms (PNA)
متن کاملCapital Accumulation and Economic Growth
Overview In this chapter we examine the relationship between increases in the capital stock and economic growth. We first discuss whether an economy can always grow if it increases only its capital stock. Under certain plausible assumptions, we show this is not possible, and that poorer countries should therefore grow faster than wealthy ones, whose economies will depend more on technological p...
متن کاملHuman Capital and Economic Development *
Health and education are both components of human capital and contributors to human welfare. One index of human welfare, which incorporates income, education and health, shows that Africa’s level of ‘human development’ is the lowest of any region in the world. In this paper we will frequently compare Africa with South Asia. While Africa’s level of human development is lower than that of South A...
متن کاملNested Simulation for Economic Capital
Steven Morrison Steven [email protected] A common definition of an insurer’s economic capital requirements is based around a 1-year Value at Risk (VaR) metric. This defines capital requirements in terms of some tail percentile (typically the 99.5th percentile) of the market-consistent value of the insurer’s balance sheet in 1 year’s time. The problem of estimating such a metric naturally le...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Maandblad Voor Accountancy en Bedrijfseconomie
سال: 2005
ISSN: 2543-1684,0924-6304
DOI: 10.5117/mab.79.12800