The poverty line, which has been set by the World Bank in 1990 at 1.08USD/day PPA contains three major errors: it does not refer to a clear definition of poverty; it uses wrong PPA factors converting national poverty lines and it is based on limited data from two countries with the highest...

This paper analyses the financial and economic conditions of the companies in the portfolios of Italian private equity funds. Information from an ad hoc survey of Italian asset management companies, combined with accounting data for 2008 drawn from the Central Credit Register, is used to develop...

Tra i metodi di stima puntuale della riserva sinistri nell’assicurazione danni `e largamente utilizzato, in particolare dalle compagnie italiane, un approccio noto come “metodo di Fisher- Lange” (FL). L’FL `e un metodo “a costi medi”, nel senso che la valutazione degli impegni di...

Given a set of continuous variables with missing data, we prove in this paper that the iterative application of a simple “least-squares estimation/multivariate normal simulation” procedure produces an efficient parameters estimator. There are two main assumptions behind our proof: (1) the...

The thesis develops the option pricing model with interest rate model in stochastic environment by analyzing insurance field in asset liability management context and regulatory puorpose from the management prospective.

The thesis develops the option pricing model with interest rate model in stochastic environment by analyzing insurance field in asset liability management context and regulatory puorpose from the management prospective.

In this paper we present an integral equation approach for the valuation of European-style installment derivatives when the premium payments, made continuously throughout the contract’s life, are assumed to be a function of the asset price and time variables. The contribution of this study is...

Causes and consequences of the current "subprime" financial crisis are analysed. The large number of fraudulent and criminal mortgages obtained by means of false statements unverified by the mortgagees, explains why this crisis was not predicted. The crisis was enhanced by unwise regulations...

Italian Abstract: Le valutazioni sul debito sovrano emesse dalle agenzie di rating del credito possono avere una grande influenza sulle aspettative degli investitori. Durante la crisi del debito europeo, i paesi periferici della zona euro sono stati ripetutamente retrocessi. Secondo molti...

Italian Abstract: Il lavoro effettua una verifica della capacità dell'oro di costituire un'attività rifugio (safe haven asset) nelle fasi di forte tensione sui mercati finanziari. Sotto questo aspetto, l'oro viene confrontato con altri potenziali safe haven assets (titoli sovrani tedeschi e...