We propose the use of a new option which we call quadratic, and that central banks could use to smooth exchange rate volatility through the hedging strategies of the issuers. We derive analytic pricing and hedging formulas. We suggest a criterion to derive the optimal (for the Central Bank)...

This paper elucidates the data sources and data preparation procedures used in developing the sectoral environmental data of the US. The database described in this paper interlinks (1) Input-Output Table (IOT), (2) environmental emission and resources use statistics, and (3) characterization...

We propose the use of a new option which we call 'quadratic,' and that central banks could use to smooth exchange rate volatility through the hedging strategies of the issuers. We derive analytic pricing and hedging formulas. We suggest a criterion to derive the optimal (for the Central Bank)...

Industrial ecology aims at closing material cycles within industrial systems by developing symbiotic functions among system components. How industrial systems are structured and how they transform, use and discard natural resources is, therefore, the key focus of industrial ecology. As an...

<section xml:id="fut21618-sec-0001"> This study proposes a new estimation approach for option valuation (an implied pricing kernel‐based approach), which estimates model parameters under the physical probability measure (P‐measure) using a pricing kernel implied by the GARCH option pricing model. Analyzing the dataset on the...</section>

Korean fund investors suffered significant financial losses from their international equity investments during the recent global financial crisis. Contrary to expectations for improved investment performance, the currency position for hedging purposes worsened performance. In this paper, we...

This paper is concerned with the main activities of Japan's 'Disclosure of CO2 emissions' programme, aimed at illustrating the CO2 emissions associated with consumer products as a 'carbon footprint' (CF). Although the current, provisional guidelines for calculating product carbon footprints...