The weather derivatives market -- Introduction to Stochastic Calculus -- Handling the data -- Pricing approaches of temperature -- Modeling the daily average temperature -- Pricing temperature derivatives -- The use of meteorological forecasts -- The effects of the geographical and basis risk --...

Die Globalisierung der Wirtschaft ist heute allgegenwärtig. Gegenstand des internationalen Finanzmanagements sind vorrangig multinationale Unternehmen. Doch auch kleine und mittlere Unternehmen (KMU) müssen sich mit Währungsrisiken auseinandersetzen, gerade im rohstoffarmen und...

This book presents new approaches to fixed income modeling and portfolio management techniques. Taking into account the latest mathematical and econometric developments in finance, it analyzes the hedging securities and structured instruments that are offered by banks, since recent research in...

The risk of counterparty default in banking, insurance, institutional, and pension-fund portfolios is an area of ongoing and increasing importance for finance practitioners. It is, unfortunately, a topic with a high degree of technical complexity. Addressing this challenge, this book provides a...

Seit der Einführung der unter Basel II bekannten bankaufsichtlichen Anforderungen ist der Druck auf Kreditinstitute, verfeinerte Risikomessmethoden zu entwickeln, deutlich angestiegen. Besonders bemerkbar macht sich das bei der Messung und Steuerung von Kreditrisiken. Maria Stefanova untersucht...

Risikoidentifikation und -quantifizierung auf Basis des gegenwärtigen Standes von Theorie und Praxis -- Der Risikobegriff -- Marktrisikoquantifizierung – Eingeführte Ansätze und Verfahren in Theorie und Praxis -- Kreditrisikoquantifizierung – Eingeführte Ansätze und Verfahren in Theorie...

This book presents methodologies for the Bayesian estimation of GARCH models and their application to financial risk management. The study of these models from a Bayesian viewpoint is relatively recent and can be considered very promising due to the advantages of the Bayesian approach, in...

Part I: Econometrics of Financial Markets -- Information Asymmetry, Liquidity and the Dynamic Volume-Return Relation in Panel Data Analysis -- Density forecasts of emerging markets’ exchange rates using Monte Carlo simulation with regime switching -- Determination of the own funds requirements...

This book provides insights into identifying and dealing with possible corporate tax risks. It also elaborates on how enterprises can avoid possible issuance of notices of violation, fines and default interest, and ensure reduced tax responsibility of enterprises and their administrators when...

This book is a comprehensive guide to several aspects of risk, including information systems, disaster management, supply chain and disaster management perspectives. A major portion of this book is devoted to presenting a number of operations research models that have been (or could be) applied...