This paper deals with the issue of calculating daily Value-at-Risk (VaR) measures within an environment of thin trading … complete panel data generated in phase I. Phase III, shows how to back-test the VaR measures obtained in phase II using the … issue for financial risk management in emerging markets. …

catastrophic in their consequences. Therefore, the elaboration of effective risk-management plans, aimed at formulating viable … management of environmental risks - environmental pollution risk and natural catastrophe risk in particular. It discusses the … issue of insurability of such risks, analyses the increasing risk of liability for environmental pollution and the …