tourist arrivals and their growth rate is analogous to the volatility (or dynamic risk) in financial returns. In this paper … magnitude of tax revenue receipts. A framework is presented for risk management of daily tourist tax revenues for the Maldives … international tourism are significant financial assets to the economies of SITEs, the time-varying volatility of international …

tourist arrivals and their growth rate is analogous to the volatility (or dynamic risk) in financial returns. In this paper … magnitude of tax revenue receipts. A framework is presented for risk management of daily tourist tax revenues for the Maldives … international tourism are significant financial assets to the economies of SITEs, the time-varying volatility of international …

international tourist arrivals and their growth rate is analogous to the volatility (or dynamic risk) in financial returns. The … of tax revenue receipts. A framework is presented for risk management of daily tourist tax revenues for the Maldives … international tourism receipts are significant financial assets to the economies of SITEs, the time-varying volatility of …

international tourist arrivals and their growth rate is analogous to the volatility (or dynamic risk) in financial returns. The … of tax revenue receipts. A framework is presented for risk management of daily tourist tax revenues for the Maldives … international tourism receipts are significant financial assets to the economies of SITEs, the timevarying volatility of …

(1,1) counterparts are to be preferred. These empirical results show that the conditional volatility estimates are …

This paper attempts to provide a decision-theoretic foundation for the measurement of economic tail risk, which is not … risk measures that satisfy a set of economic axioms for the Choquet expected utility and the statistical property of … elicitability (i.e. there exists an objective function such that minimizing the expected objective function yields the risk measure …

between policy uncertainty and corporate risk-taking. We show that high levels of policy uncertainty are associated with … significantly lower future stock return volatility at the firm level. This relation is stronger (more negative) for firms where the … to their own firm and by reducing firm-level risk-taking. Furthermore, our results support the hypothesis that CEO risk …

This paper presents a methodology to analyze the Value at Risk (VaR) backtesting probability values to detect the … risk that a subportfolio is exposed to in every trading day. The paper presets statistical methods to back test the number …-values using the run test. Finally a model is presented to decompose the subportfolios' P&L risk into systematic and idiosyncratic …

-category spillovers of economic policy uncertainty (EPU) and financial market volatility between the US and Japan. Our model includes … market and exchange rate volatility, respectively. We find that the financial market volatility indices are usually … volatility index are typically more affected by EPU spillovers than the US VXO. Our results also reveal that, compared to within …