This paper examines how credit derivatives have changed the construction of an efficient portfolio. Credit derivatives … credit derivatives, which may also be leveraged. We look at past data on returns, risk and correlations of these investments …. The results show the advantages of credit derivatives for portfolio diversification, and the usefulness of leveraging this …

We consider a complete financial market with primitive assets and derivatives on these primitive assets. Nevertheless …

In this paper we study the development of the market for weather derivatives in Europe. We show that weather … derivatives conceived as financial products by their promoters have difficulties finding end-users. We describe the attempts of …