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In this paper the class of Lower Partial Moments (LPMs) is used for measuring vulnerability as downside risk of household income in rural Cameroon. This class of established and coherent risk measures has been shown to meet a number of desirable properties. Among others, the LPMs fulfill the...
Persistent link: https://www.econbiz.de/10010270053
This paper aims at analysing the mortality patterns of hedge funds over the period January 1994 to May 2008. In particular, we investigate the extent to which a spillover of risk among hedge funds through redemptions and failures of other funds has affected the probability of fund failure. We...
Persistent link: https://www.econbiz.de/10011605158
In the debate of sustainable rural livelihoods, diversification is seen as a way to secure incomes and to increase food …) diversification in agricultural production is not sufficient for securing rural livelihoods in Kakamega District; (2) a sufficient … income diversification depends heavily on requirements like access to education, infrastructure, as well as investment …
Persistent link: https://www.econbiz.de/10010275969
Diversifikationseffekten, die als Folge der Geschäftsstrategie einer Bank (z.B. durch Produktdiversifikation oder geografische Diversifikation … behandelt die Diversifikation innerhalb einer Risikoart (z.B. Markt- oder Kreditrisiko), wohingegen Interrisiko-Diversifikation … die Diversifikation zwischen verschiedenen Risikoarten beschreibt und meist durch eine Interrisiko …
Persistent link: https://www.econbiz.de/10010295948
This study focuses on the diversification benefits of the most developed equity markets of Central and Eastern Europe … (CEE). To evaluate these benefits of diversification we use so-called spanning tests based on a stochastic discount factor … our study addresses the diversification benefits not only for U.S. investors, as is the usual case in these empirical …
Persistent link: https://www.econbiz.de/10010297705
Investors in equilibrium are modeled as facing investor specific risks across the space of assets. Personalized asset pricing models reflect these risks. Averaging across the pool of investors we obtain a market asset pricing model that reflects market risk exposures. It is observed on invoking...
Persistent link: https://www.econbiz.de/10010290440
We contribute to the literature on saving in retirement by studying the saving behavior of retirees in Iceland, a …
Persistent link: https://www.econbiz.de/10014581198
all of Iceland’s health records into a central electronic database. Decode Genetics fought two rounds with the informal …
Persistent link: https://www.econbiz.de/10014306471
People in the Nordic countries of Denmark, Finland, Iceland and Sweden work more than the countries’ high tax rates …
Persistent link: https://www.econbiz.de/10014306474
Persistent link: https://www.econbiz.de/10014306476