This paper presents a new model for term risk, yield curve, and credit risk in spreads in a unified approach. The originality lies in the structuring of the Poisson stochastic of risk in a form suitable for finding the differential equation for the yield curve and its spreads as the Poisson...

A new model, the Poisson Q, is presented which determines the term risk premium in markets from the Ornstein Uhlenbeck version of the Poisson intensity process. The risk neutral properties are obtained by Fourier frequency analysis and a logarithmic Cauchy change in measure. The Poisson Q...

This paper analyzes the provisions of (EU) Regulation No. 648 of 2012 (EMIR), in relation to the need to avoid certain practices of negotiating – privately and on the basis of information available only to the contracting parties – some types of financial instruments (and, in particular,...

The essay investigates the metaverse considering its features and the need for a protection that goes beyond the safeguards set forth by the Consumer Code, concluding that a new model of market regulation should protect the rights and interests related to savings and investments