We show that any objective risk measurement algorithm mandated by central banks for regulated financial entities will … result in more risk being taken by those financial entities than would otherwise be the case. Furthermore, the risks taken by … regulating by enforcing risk measurement algorithms at the cost of occasional severe crises, (2) regulate more severely and …

execution and the risk is a result of price movements during a more gradual trading. The paper shows that the trade-off between …Transaction costs in trading involve both risk and return. The return is associated with the cost of immediate … risk and return in optimal execution should reflect the same risk preferences as in ordinary investment. The paper develops …

execution and the risk is a result of price movements during a more gradual trading. The paper shows that the trade-off between …Transaction costs in trading involve both risk and return. The return is associated with the cost of immediate … risk and return in optimal execution should reflect the same risk preferences as in ordinary investment. The paper develops …