In this article, we consider the small-time asymptotics of options on a Leveraged Exchange-Traded Fund (LETF) when the underlying Exchange Traded Fund (ETF) exhibits both local volatility and jumps of either finite or infinite activity. Our main results are closed-form expressions for the leading order terms of off-the-money European call and put LETF option prices, near expiration, with explic...

the dynamic nature of projects and the fact that they are carried out in changing environments, justify the need for their periodic monitoring and control. collection of information about the performance of projects at control points costs money. the corrective actions that may need to be taken to bring the project in line with the plan also costs money. on the other hand, penalties are usually...

Purpose – China is undergoing a radical change as the forces of industrialization and modernization transform its society. Money is taking on an increasingly important role, particularly among young Chinese, as the Western ideals of individualism and hedonism thrive. The goal of this research is to understand attitudes towards money in China and how these attitudes affect elements of consumer b...

payment is one of the main parts in businesses. different types of software, hardware and methods for paying electronically have been presented. different types of banking cards, e-wallet, internet web pages for payment make it possible to pay both online and offline. however, in most payment tools, exchanging money is anonymously and untraceably. therefore, although most security techniques wi...

Free Access Also of Interest Book Editor(s): Inamuddin, InamuddinSearch for more papers by this authorMohd Imran Ahamed, Mohd AhamedSearch authorRajender Boddula, Rajender BoddulaSearch authorTauseef Ahmad Rangreez, Tauseef RangreezSearch author First published: 22 June 2021 https://doi.org/10.1002/9781119725282.oth AboutPDFPDF ToolsRequest permissionExport citationAdd to favoritesTrack citatio...

Over the centuries, time and again, theologians, philosophers, poets and even sociologists have proposed that money should be regarded as a “god-term” (Kenneth Burke). They have spoken of the omnipotence of money (Georg Simmel) and pondered whether we should not organize religious faith like money (Niklas Luhmann). They propagated a “pantheism of money” (Falk Wagner) and called it the “all-dete...