Flight To Safety And The Risk Return Trade Off PDF Download
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| Author | : Nektarios Aslanidis |
| Publisher | : |
| Total Pages | : 16 |
| Release | : 2019 |
| Genre | : |
| ISBN | : |
Download Flight-to-Safety and the Risk-Return Trade-Off Book in PDF, ePub and Kindle
This paper investigates flight-to-safety from stocks to bonds in six European markets. We use quantile regressions to identify flight-to-safety episodes. The conditional risk-return trade-off on the stock markets is negative. Flight-to-safety episodes strengthen the negative trade-off. The effects of flight-to-safety episodes on the trade-off are qualitatively similar for own country flight-to-safety episodes, for flight from own country stock market to the US bond market, and for US flight-to-safety episodes. The strength of the trade-off is strongest for US flight-to-safety episodes. Flight-from-safety has the opposite effect on the trade-off.
| Author | : Thomas Walker |
| Publisher | : Springer Nature |
| Total Pages | : 283 |
| Release | : 2022-10-03 |
| Genre | : Business & Economics |
| ISBN | : 3031122402 |
Download Big Data in Finance Book in PDF, ePub and Kindle
This edited book explores the unique risks, opportunities, challenges, and societal implications associated with big data developments within the field of finance. While the general use of big data has been the subject of frequent discussions, this book will take a more focused look at big data applications in the financial sector. With contributions from researchers, practitioners, and entrepreneurs involved at the forefront of big data in finance, the book discusses technological and business-inspired breakthroughs in the field. The contributions offer technical insights into the different applications presented and highlight how these new developments may impact and contribute to the evolution of the financial sector. Additionally, the book presents several case studies that examine practical applications of big data in finance. In exploring the readiness of financial institutions to adapt to new developments in the big data/artificial intelligence space and assessing different implementation strategies and policy solutions, the book will be of interest to academics, practitioners, and regulators who work in this field.
| Author | : Jiaxiong Yao |
| Publisher | : International Monetary Fund |
| Total Pages | : 39 |
| Release | : 2024-05-31 |
| Genre | : Business & Economics |
| ISBN | : |
Download Unveiling the Informal Economy: An Augmented Factor Model Approach Book in PDF, ePub and Kindle
This paper develops a new approach to estimating the degree of informality in an economy. It combines direct yet infrequent measures of the informal economy in micro data with an augmented factor model that links macro indicators of the informal economy to its causes. We show that the prevailing model used in the literature, the multiple indicators multiple causes model, is a special case of the augmented factor model and depicts an incomplete picture of the informal economy. Using the augmented factor model approach, we show that the dynamics of the informal economy is shaped by the strength of overall economic activity as well as the interplay between the formal and informal economies. Contrary to previous work that typically finds declining informality for most countries, we find that the degree of informality has increased for low-income countries for the past two decades.
| Author | : Eric Ghysels |
| Publisher | : |
| Total Pages | : 20 |
| Release | : 2016 |
| Genre | : |
| ISBN | : |
Download The Risk-Return Relationship and Financial Crises Book in PDF, ePub and Kindle
The risk-return trade-off implies that a riskier investment should demand a higher expected return relative to the risk-free return. The approach of Ghysels, Santa-Clara, and Valkanov (2005) consisted of estimating the risk-return trade-off with a mixed frequency, or MIDAS, approach. MIDAS strikes a compromise between on the one hand the need for longer horizons to model expected returns and on the other hand to use high frequency data to model the conditional volatility required to estimate expected returns. Using the approach of Ghysels, Santa-Clara, and Valkanov (2005), after correcting a coding error pointed out to us, we find that the Merton model holds over samples that exclude financial crises, in particular the Great Depression and/or the subprime mortgage financial crisis and the resulting Great Recession. We find that a simple flight to safety indicator separates the traditional risk-return relationship from financial crises which amount to fundamental changes in that relationship.
| Author | : Marizah Minhat |
| Publisher | : Taylor & Francis |
| Total Pages | : 175 |
| Release | : 2023-09-08 |
| Genre | : Business & Economics |
| ISBN | : 1000929310 |
Download Cryptocurrency Risk and Governance Challenges Book in PDF, ePub and Kindle
This book provides an interdisciplinary critical perspective regarding risk, uncertainty and governance challenges of cryptocurrencies. It considers the perspectives of several disciplines including accounting, cybersecurity, cyberlaw, economics, ethics, finance, financial regulation, Shariah (Islamic) law and technology. Different from other books on a similar topic, this book's in-depth analysis and critical discourse on cryptocurrency risk categories are supplemented by research evidence gathered from surveys and interviews with stakeholders. The inclusion of an Islamic insight matters given mixed views at present regarding the permissibility of cryptocurrencies and some countries have indeed imposed somewhat restricted functions of cryptocurrencies for non-religious reasons. It is envisaged that this book will help enlighten stakeholders on this aspect of uncertainty and inspire fit and proper governance strategies for the public interest.
| Author | : Suman Lodh |
| Publisher | : World Scientific |
| Total Pages | : 231 |
| Release | : 2023-09-27 |
| Genre | : Business & Economics |
| ISBN | : 1800614241 |
Download Corporate Risk Management After The Covid-19 Crisis Book in PDF, ePub and Kindle
The coronavirus crisis and related business failures are widely discussed topics, with COVID-19 raising many concerns about existing risk management models. Many companies have struggled to understand which factors to consider in their business model to address the new risks associated with the pandemic. The resulting financial crisis has highlighted the importance of further research on risk management that will allow businesses to develop feasible models for handling various risks in the ongoing crisis and recovery period.Existing academic studies emphasise the necessity of revised risk management models, but focus on the risk posed by Artificial Intelligence and other advanced technologies. The detailed study thus fulfils the vital need to understand how the risk management strategies of businesses should be revised, to adapt to changes brought about by the pandemic.This book is essential reading for students studying risk management, researchers examining the relation between advanced technology and risk management mitigation strategies, businesses working on their strategies around managing risk, and policymakers looking for necessary policy changes for an effective support to businesses.
| Author | : Nikiforos T. Laopodis |
| Publisher | : Routledge |
| Total Pages | : 598 |
| Release | : 2012-11-12 |
| Genre | : Business & Economics |
| ISBN | : 1136255141 |
Download Understanding Investments Book in PDF, ePub and Kindle
The author's main goal in writing Understanding Investments is to present the classic theories and strategies in the field of finance in a new, intuitive, and practical way. This text offers context and grounding information to students truly looking, as the title indicates, to understand investments. This textbook brings a number of innovative features to the field: 1. Presentation of material from the economics point of view, stressing the interpretation of concepts, rather than their mere memorization and mechanical application. 2. Shorter, more streamlined chapters, so instructors and students won't be distracted by superfluous detail, and can instead focus on the most relevant issues. 3. Fewer chapters than in current textbooks, so instructors can comfortably cover all material within a semester. 4. Boxes with ‘International Focus’ vignettes, discussions ‘Applying Economic Analysis’ to relevant topics, and featured ‘Lessons from our Times’, allowing students to gain a deeper understanding of the material and its relevant context and applications. 5. Sections in each chapter discussing different investment strategies and their pros and cons. 6. Questions that solicit students' critical thinking skills and problems that require their quantitative expertise to address real-life problems - rather than rote, mechanical questions that merely require regurgitation.
| Author | : W. Kip Viscusi |
| Publisher | : |
| Total Pages | : 326 |
| Release | : 1992 |
| Genre | : Decision making |
| ISBN | : 019535608X |
Download Fatal Tradeoffs Book in PDF, ePub and Kindle
| Author | : Kris Hinterseer |
| Publisher | : Kluwer Law International B.V. |
| Total Pages | : 514 |
| Release | : 2002-05-13 |
| Genre | : Law |
| ISBN | : 9041198644 |
Download Criminal Finance:The Political Economy of Money Laundering in a Comparative Legal Context Book in PDF, ePub and Kindle
As the first cross-disciplinary analysis of money laundering - fully recognizing the activity's economic, political, and juridical dimensions - Criminal Finance clearly identifies a useful array of appropriate criteria that may be used to develop and implement effective control strategies. The book will be of immeasurable and immediate value to bankers, legislators, regulators, law enforcement authorities, and concerned lawyers and academics everywhere.
| Author | : Yacine Ait-Sahalia |
| Publisher | : Elsevier |
| Total Pages | : 809 |
| Release | : 2009-10-19 |
| Genre | : Business & Economics |
| ISBN | : 0080929842 |
Download Handbook of Financial Econometrics Book in PDF, ePub and Kindle
This collection of original articles—8 years in the making—shines a bright light on recent advances in financial econometrics. From a survey of mathematical and statistical tools for understanding nonlinear Markov processes to an exploration of the time-series evolution of the risk-return tradeoff for stock market investment, noted scholars Yacine Aït-Sahalia and Lars Peter Hansen benchmark the current state of knowledge while contributors build a framework for its growth. Whether in the presence of statistical uncertainty or the proven advantages and limitations of value at risk models, readers will discover that they can set few constraints on the value of this long-awaited volume. Presents a broad survey of current research—from local characterizations of the Markov process dynamics to financial market trading activity Contributors include Nobel Laureate Robert Engle and leading econometricians Offers a clarity of method and explanation unavailable in other financial econometrics collections
