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We investigate the development of an innovative and high-risk type of borrowing for local governments, known as …
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English Abstract: Following the COP21 Summit, we've reached a point in economic history where real change can be expected – even if policy makers are unable or unwilling to curb the activities of oil companies in the United States… It's likely oil companies won't be in a position to reverse...
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The transformations of the finance sector linked to the emergence of new actors (pension funds, mutual funds, hedge funds…) and its globalization have changed the rules of corporate governance and the competitive context of industrial companies. The theme of the influence between finance and...
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obtaining more diversified Value-at-Risk and Expected Shortfall measures, by applying the diversification principle to model … risk. Following Taylor (2008) and Gouriéroux and Jasiak (2008), we introduce a new class of models called Dynamic … the DARE approach and how expectiles can be used to estimate quantile risk measures. We finally use the main validation …
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