Zambia was economically prosperous at independence (1964), due to the thriving copper industry. Zambia has the … economy. Zambia is one of the countries in the southern Africa sub-region faced with a food crisis attributed to a complex …

Zambia was a middle-income country when it achieved independence from Great Britain in 1964. After decades of … international aid Zambia has become a low-income country, and its per capita GDP is only now returning to the levels it had reached … over forty years ago. While aid is far from the only variable at work in Zambia's development, its impact has been …

exponential affine function of the state variables, the risk neutral distribution is unique and implies again a Generalized …

This article investigates the latest developments in longevity risk modelling, and explores the key risk management … enhancement of the way longevity risk is understood; providing a global view of the practical issues for longevity … evolution of longevity is intensifying the need for capital markets to be used to manage and transfer the risk through what are …

weather futures. The purpose of this paper is to extract two types of information from these prices, the risk …-neutral distribution and the market price of risk, to value the weather derivatives. The prices are calculated by assuming that the daily …

derivatives by this approach. On the contrary, the financial method needs to infer the market price of weather risk since the …

realistic way. The associated risk neutral dynamics of the time series models is obtained through two different specifications … and moneyness. Furthermore, our results provide evidence of consistency between historical and risk neutral distributions …