منابع مشابه
Financial Risk Measurement for Financial Risk Management∗
Current practice largely follows restrictive approaches to market risk measurement, such as historical simulation or RiskMetrics. In contrast, we propose flexible methods that exploit recent developments in financial econometrics and are likely to produce more accurate risk assessments, treating both portfoliolevel and asset-level analysis. Asset-level analysis is particularly challenging becau...
متن کاملDynamic Financial Risk Management
For many years, financial markets have been part of people’s everyday life. Information on the major securities can be found easily in the daily press or on internet. The different actors of the economy look closely at some fundamental parameters, such as interest rates, currency rates, stock prices..., which may affect the management of their firms, especially after the deregulation process in...
متن کاملValuation of Complex Financial Instruments for Credit Risk Transfer
The fair valuation of complex financial products for credit risk transfer (CRT) can provide a good basis for sustained growth of these markets and their recovery after the current financial crisis. Therefore, the risks of these structured credit securities (such as Collateralized Debt Obligations (CDO) and Credit Default Swap-Index tranches) have to be known as well as the investor’s current ri...
متن کاملThe Role of Financial Instruments in Integrated Catastrophic Flood Management
The main goal of this paper is to develop a flood management model that takes into account the specifics of catastrophic risk management: highly mutually dependent losses, the lack of information, the need for long-term perspectives and explicit analyses of spatial and temporal heterogeneities of various agents such as individuals, governments, and insurers. We use modified data from a pilot re...
متن کاملCapability-Based Financial Instruments
Every novel cooperative arrangement of mutually suspicious parties interacting electronically — every smart contract — effectively requires a new cryptographic protocol. However, if every new contract requires new cryptographic protocol design, our dreams of cryptographically enabled electronic commerce would be unreachable. Cryptographic protocol design is too hard and expensive, given our unl...
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: Advances in Social Sciences
سال: 2017
ISSN: 2169-2556,2169-2564
DOI: 10.12677/ass.2017.67126