underappreciated but important variety of risk. The book presents a course in the econometric theory of individual risk illustrated by … Econometrics of Individual Risk is the first book to provide a complete econometric methodology for quantifying and managing this … empirical examples. And, unlike other texts, it is focused entirely on solving the actual individual risk problems businesses …

Operational hedging techniques such as risk sharing, currency collars, and a hybrid arrangement can be used when … transactions are subject to unexpected changes in the nominal exchange rate. These hedging devices utilise a risk sharing parameter … threshold risk sharing parameter existed. This paper proposes such a parameter based on a generalized autoregressive …