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We contribute to the finance literature in two main ways. First, we present a theoretical capital asset pricing model …
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A new CEP report says that the financial system has become far more complicated than it need to be - and dangerously unstable too
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The paper advances the log-generalized gamma distribution as a suitable generator of conditional skewness. Based on the NYSE composite daily returns an asMA-asQGARCH model along with skewness dynamics is estimated. The results indicate a skewness that varies between sizeable negative skewness...
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Finance industry: a sector which accounts for a large proportion of all bonus payments in the British economy. …
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international finance is ‘what is insurance and where does insurance end?’ This paper aims to elaborate on the economics of … insurance and its borders with general finance. It argues that the classification challenge by regulators partly stems from … terminological confusion between insurance activities and more general financial activities. Insurance and finance both use the same …
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