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On the Variance Covariance Matrix of the Maximum Likelihood Estimator of a Discrete Mixture

Lanot, Gauthier - Centre for Economic Research, School of Economics and … - 2002

The estimation of models involving discrete mixtures is a common practice in econometrics, for example to account for unobserved heterogeneity. However, the literature is relatively uninformative about the measurement of the precision of the parameters. This note provides an analytical...

Persistent link: https://www.econbiz.de/10005416695

Increasing Derivatives Market Activity in Emerging Markets and Exchange Rate Exposure

Aysun, Uluc; Guldi, Melanie - 2008

important for emerging market countries that are experiencing remarkable growth in derivatives markets. Using firm level data …, we report a significant fall in exposure over the past 10 years and relate this to higher derivatives market …-Dumas (1984) model. Next, we follow an indirect approach to infer derivatives market participation at the firm level. Finally, we …

Persistent link: https://www.econbiz.de/10009430125

15.997 Advanced Corporate Risk Management, Spring 2007

Parsons, John E.; Obizhaeva, Anna - 2007

of risk management. Most courses on derivatives, futures and options, and financial engineering are taught from the … corporation, the utility, the software firm — any potential end-user of derivatives, but not the dealer. Among the topics we will …

Persistent link: https://www.econbiz.de/10009432744

The Transparency of Derivative Disclosures by Australian Firms in the Extractive Industries

Hassan, Mohamat S.; Percy, Majella; Stewart, Jenny D. - 2006

This paper investigates the transparency of derivative disclosures of Australian firms in the extractive industries using 1998 to 2001 financial reports. The quality of financial reporting has become a major corporate governance issue since the collapse of prominent companies such as Enron in...

Persistent link: https://www.econbiz.de/10009438340

The Economics of Developing Security Embedded Software

Wright, Craig S; Zia, Tanveer A - 2010

Market models for software vulnerabilities have been disparaged in the past citing how these do little to lower the risk of insecure software. In this paper we argue that the market models proposed are flawed and not the concept of a market itself. A well-defined software risk derivative market...

Persistent link: https://www.econbiz.de/10009440801

Contemporary art and financialization: Two approaches

Ivanova, Victoria - In: Finance and Society 2 (2016) 2, pp. 127-137

This essay identifies two approaches to theorizing the relationship between financialization and contemporary art. The first departs from an analysis of how market logics in non-financial spheres are being transformed to facilitate financial circulation; the other considers valuation practices...

Persistent link: https://www.econbiz.de/10015190794

Esposito's temporality of finance: Endogeneity and revisability in derivative transactions

Husbands, Conor - In: Finance and Society 6 (2020) 2, pp. 114-129

Recent years have seen greater interest in the theoretical foundations of abstract finance and their intersection with questions of philosophy and sociology. In particular, exchanges between authors such as Donald MacKenzie, Timothy Johnson, Elie Ayache, and others have debated the deterministic...

Persistent link: https://www.econbiz.de/10015190795

The derivative condition, an aesthetics of resolution, and the figure of the renegade: A conversation

Nestler, Gerald; Kloeckner, Christian; Mueller, Stefanie - In: Finance and Society 4 (2018) 1, pp. 126-143

The work of the artist and writer Gerald Nestler explores finance and its social implications since the mid-1990s. Based on his professional experience as a trader as well as on post- disciplinary research, he has developed a unique approach that brings together theory and conversation with...

Persistent link: https://www.econbiz.de/10015190796

Introduction: Volatility in finance, art, and culture

Lee, Benjamin; Rosamond, Emily - In: Finance and Society 9 (2023) 3, pp. 1-17

between volatility in dance and finance, was a notable exception. Martin focused on derivatives, which played a critical role … in the development of financialized capitalism, especially between 1973-2008. Arguably, however, derivatives are no …

Persistent link: https://www.econbiz.de/10015191627

The money array; or, show me the debtor

Chambers, Samuel Allen - In: Finance and Society 9 (2023) 2, pp. 1-20

Money is neither a thing nor a concept. Rather, as many writers have rightly suggested, money is a relation. But what kind of relation? This articles refuses the now seemingly common-sense notion that money is an 'institution' or a 'public good'. Instead, it insists on specifying money as a...

Persistent link: https://www.econbiz.de/10015191635