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We use a copula approach to investigate the effect of uncertainty on crude-oil returns. Using copulas to construct multivariate distributions of time-series data permit the calculation of the dependence structure between the series independently of the marginal distributions. Further, we...
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revenues through hedging is necessary for sustaining a stable economy. Petroleum stock derivatives are of interest for hedging …
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theory based models provide a reasonable degree of safety while widespread VaR models do not provide adequate risk coverage …
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