Essays On Financial Risks
DOWNLOAD
Download Essays On Financial Risks PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Essays On Financial Risks book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Essays On Financial Risks
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2007
Essays On Financial Risks written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
Essays On Financial Risks And Risk Management
DOWNLOAD
Author : Wolfgang Bauer
language : en
Publisher:
Release Date : 2004
Essays On Financial Risks And Risk Management written by Wolfgang Bauer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with categories.
Essays On Financial Risk Taking And Embedded Heuristics
DOWNLOAD
Author : Mary Stimmler
language : en
Publisher:
Release Date : 2013
Essays On Financial Risk Taking And Embedded Heuristics written by Mary Stimmler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
This dissertation investigates the relationship between the use of financial risk taking and the complex mathematical models used to quantify risks. In the first essay, laboratory experiments demonstrate that students who have taken courses in finance and economics take more risk when they are exposed to complex mathematical models, even when these models do not provide more information. Furthermore, students who have a strong belief in the power of risk quantification to produce accurate assessments of future events are more likely to take more risk when it is accompanies by complex quantitative models. The second essay uses data on U.S. banks from 1994-2007 and investigates popular claims that innovative risk measures, such as value at risk (VAR) resulted in greater risk seeking by banks prior to the financial crisis. It theorizes that as formal risk assessment models, such as the risk models used by banks, become institutionalized within organizations, a model's abstract representation of reality becomes reified and treated as though it is real and complete. This results in organizationally-embedded decision-making heuristics that shape how choices are made within the firm. For risk models, this meant that when banks encouraged the use of risk models, they generated an implicit belief that these models represented accurate assessments of future outcomes. This reduced uncertainty about future outcomes and led to greater risk taking.
Essays On Financial Risk Management
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 1988
Essays On Financial Risk Management written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with Financial institutions categories.
Essays On Financial Risks And Derivates
DOWNLOAD
Author : Rikard Green
language : en
Publisher:
Release Date : 2008
Essays On Financial Risks And Derivates written by Rikard Green and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Four Essays On Measuring Financial Risks
DOWNLOAD
Author : Roxana Halbleib
language : en
Publisher:
Release Date : 2010
Four Essays On Measuring Financial Risks written by Roxana Halbleib and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Three Essays On Financial Risks Using High Frequency Data
DOWNLOAD
Author : Serge Luther Nyawa Womo
language : en
Publisher:
Release Date : 2018
Three Essays On Financial Risks Using High Frequency Data written by Serge Luther Nyawa Womo and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
This thesis is about financial risks and high frequency data, with a particular focus on financial systemic risk, the risk of high dimensional portfolios and market microstructure noise. It is organized on three chapters. The first chapter provides a continuous time reduced-form model for the propagation of negative idiosyncratic shocks within a financial system. Using common factors and mutually exciting jumps both in price and volatility, we distinguish between sources of systemic failure such as macro risk drivers, connectedness and contagion. The estimation procedure relies on the GMM approach and takes advantage of high frequency data. We use models' parameters to define weighted, directed networks for shock transmission, and we provide new measures for the financial system fragility. We construct paths for the propagation of shocks, firstly within a number of key US banks and insurance companies, and secondly within the nine largest S&P sectors during the period 2000-2014. We find that beyond common factors, systemic dependency has two related but distinct channels: price and volatility jumps. In the second chapter, we develop a new factor-based estimator of the realized covolatility matrix, applicable in situations when the number of assets is large and the high-frequency data are contaminated with microstructure noises. Our estimator relies on the assumption of a factor structure for the noise component, separate from the latent systematic risk factors that characterize the cross-sectional variation in the frictionless returns. The new estimator provides theoretically more efficient and finite-sample more accurate estimates of large-scale integrated covolatility, correlation, and inverse covolatility matrices than other recently developed realized estimation procedures. These theoretical and simulation-based findings are further corroborated by an empirical application related to portfolio allocation and risk minimization involving several hundred individual stocks. The last chapter presents a factor-based methodology to estimate microstructure noise characteristics and frictionless prices under a high dimensional setup. We rely on factor assumptions both in latent returns and microstructure noise. The methodology is able to estimate rotations of common factors, loading coefficients and volatilities in microstructure noise for a huge number of stocks. Using stocks included in the S&P500 during the period spanning January 2007 to December 2011, we estimate microstructure noise common factors and compare them to some market-wide liquidity measures computed from real financial variables. We obtain that: the first factor is correlated to the average spread and the average number of shares outstanding; the second and third factors are related to the spread; the fourth and fifth factors are significantly linked to the closing log-price. In addition, volatilities of microstructure noise factors are widely explained by the average spread, the average volume, the average number of trades and the average trade size.
Essays In Financial Economics
DOWNLOAD
Author : Rita Biswas
language : en
Publisher: Emerald Group Publishing
Release Date : 2019-10-24
Essays In Financial Economics written by Rita Biswas and has been published by Emerald Group Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-10-24 with Business & Economics categories.
This volume, dedicated to John W. Kensinger, explores a variety of topics in financial economics, including firm growth, investment risks, and the profitability of the banking industry. With its global perspective, Essays in Financial Economics is a valuable addition to the bookshelf of any researcher in finance.
Essays In Financial Risk Management
DOWNLOAD
Author : Henry Seidel
language : en
Publisher:
Release Date : 2016
Essays In Financial Risk Management written by Henry Seidel and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Essays On Financial Risks And The Subprime Crisis
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2015
Essays On Financial Risks And The Subprime Crisis written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.