منابع مشابه
Information Security Risk in Financial Institutions
The history of technology and banking is examined as it relates to risk and technological determinism. It is proposed that the services that banks offer are determined by technology and that banks must adopt new technologies to be competitive. The adoption of technologies paradoxically forces the adoption of other new technologies to protect the bank from the increased risk of technology. This ...
متن کاملFinancial Contracts, Bargaining and Security Design∗
We explore how a firm optimally finances multiple projects when profits depend on subsequent negotiations with buyers, a common situation in procurement projects and vertical industries. A tension arises because the agreements reached with buyers depend on how the proceeds from the sales will be divided with investors. A financial contract determines the division. Should the proceeds from multi...
متن کاملFinancial status of the Social Security Program.
This study, originally a background paper for the National Commission on Social Security Reform and published as Appendix J in the Commission's Report, outlines the dimensions of the financing problem the Commission addressed. Prepared by Robert J. Myers, the Commission's Executive Director and a former Deputy Commissioner and Chief Actuary of the Social Security Administration, it discusses, i...
متن کاملSocial Security Reform and Financial Markets
Social Security is in trouble. With declining population growth and rising life expectancy, the cost of Social Security benefits is rising relative to payroll tax revenues. As a result, the Social Security retirement fund is expected to run out around 2030.1 Recently, the 1994–1996 Advisory Council on Social Security (1997) proposed three different plans to address the problem. Interestingly, a...
متن کاملModeling Financial Security Returns Using Lévy Processes
Lévy processes can capture the behaviors of return innovations on a full range of financial securities. Applying stochastic time changes to the Lévy processes randomizes the clock on which the processes run, thus generating stochastic volatilities and stochastic higher return moments. Therefore, with appropriate choices of Lévy processes and stochastic time changes, we can capture the return dy...
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: Finance and Society
سال: 2017
ISSN: 2059-5999
DOI: 10.2218/finsoc.v3i2.2575