credit. The optimal consumer decision represents the trade-off between the propensity to search for beneficial insurance or … consumer credit, and marginal savings on insurance policy or consumer credit. Under price dispersion the indirect utility … function takes the form of cubic parabola, where the risk aversion behavior ends at the saddle point of the comprehensive …

plus a 3x6 months Forward Rate Agreement (FRA), and that Libor was a good proxy of the risk free rate required as basic … building block of no-arbitrage pricing theory. Nowadays, in the modern financial world after the credit crunch, some Libors are … carry very important consequences in derivative’s trading and risk management, such as, for example, basis risk …

of these effects based on the consideration of credit and liquidity variables. Then, we focus our attention on the …

the totality of risk factors specific to any activity, including the agricultural farm, can be quantified. Starting with … the analysis of risk factors and symptoms, this paper proposes new solutions for diminishing the degree of banks risks. …

, based on multiple yield curves reflecting the different credit and liquidity risk of Libor rates with different tenors and …We present a quantitative study of the markets and models evolution across the credit crunch crisis. In particular, we …-discounting, in terms of credit and liquidity effects. We also review the new modern pricing approach prevailing among practitioners …

While credit cards provide transaction services, as do currency and demand deposits, credit cards have never been … credit card balances, to assets, such as money. But economic aggregation theory and index number theory are based on … microeconomic theory, not accounting, and measure service flows. We derive theory needed to measure the joint services of credit …

in which the banks learn the central bank’s true model and adjust their credit policies to existing regulatory regime …. However this adjustment also creates changes in the choice of credit. …

household’s behavior in two main cases: stable exchange rate regime (exchange rate regime with FX risk) and variable exchange … rate regime (exchange rate regime without exchange rate risk). The households make different choices under alternate …