Default risk is one of the most important types of risks, and credit default swap (CDS) is one of the most effective financial instruments to cover such risks. The lack of these instruments may reduce investment attraction, particularly for international investors, and impose potential losses on the economy of the countries lacking such financial instruments, among them, Iran. After the 2007 fi...

Firmaların risk yönetiminde kullanabilecekleri en etkili yöntemlerden biri türev araçlardır. araç kullanımlarının artırılmasında kullanım kararını etkileyen faktörlerin belirlenmesi büyük öneme sahiptir. Bu çalışmanın amacı firmaların kullanımlarını firmaya özgü finansal tespitidir. Çalışmada Borsa İstanbul’da imalat sanayi sektöründe faaliyet gösteren 176 firmanın 2014:12-2018:12 dönemi verile...

We price various financial instruments, which are classified as exotic options, using the regret bounds of an online algorithm. In addition, we derive a general result, which upper bounds the price of any derivative whose payoff is a convex function of the final asset price. The market model used is adversarial, making our price bounds robust. Our results extend the work of [9], which used regr...

A theoretical optimal hedging model is developed to determine potential demand from Australian farmers for a hedging tool to remove the economic consequences of climate related variability in wheat yield. In the past, financial instruments have been developed to hedge price risk on capital markets; however, in more recent times new financial instruments, weather derivatives, have been developin...

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...

The purpose of the study is that in financial market, addition to money there are markets for purchase and sale assets future periods. However, parties such contracts have right or obligation sell a asset at fixed price on date. Such called derivative instruments, since it believed contract directly related change underlying asset. Derivative instruments help not only fix prices, but also insur...