, the development of risk budgeting techniques marked an important milestone in the deepening of the relationship between … risk and asset management. Risk parity then became a popular financial model of investment after the global financial … and the redefinition of long-term investment policies. Introduction to Risk Parity and Budgeting provides an up …

Basel III classifies government debt as risk free while actual interest rates in the European Union (EU) show large … differences not only because of liquidity but mainly because of the risk of default, as also reflected in credit default swaps …. Curiously such debt defaults may not happen so that creditors do not need to cover losses. The risk premium then becomes a …

This paper deals with the use of the CAPM for capital budgeting purposes. Four different measures are deductively drawn …

Credit ratings are ordinal predictions for the default risk of an obligor. To evaluate the accuracy of such predictions …