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Abstract One of the impacts of financial liberalisation/deregulation to the risk management and regulation mechanisms … develop risk management rules, define capital level based on economic capital (instead of required capital) and develop … corrective measures to firm wide risk managament problems, before regulators. In this article, the authors analyse whether self …
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We present a new model of forward dynamic utilities. In doing so, we provide unique (viscosity) solutions. In addition, we introduce Hausdorff-continuous viscosity solutions to the portfolio model.
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We devise an estimation methodology which allows preferences estimation and comparative statics analysis without a reliance on Taylor’s approximations and the indirect utility function.
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uncertainty (and each single uncertainty) and change in risk aversion on each input demand. In so doing, we emphasize the …
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tendency is still going on in the securities firm business (Coşkun, 2009a: 2). In this process, some argue that risk management … specific risks is also important to develop ideal risk management framework for securities firms. Therefore, in this article …
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