The ability of some neural nets to predict the direction of the Mexican economy —represented by its LEI— when taking as inputs the simultaneous versions (smooth- ing and predictive) of a Gaussian Process fed with a Stock Index and a Bonds Index representing the Mexican market, is favorably...

Recientes avances tecnológicos, como el almacenamiento masivo de datos y la computación en la nube, están dando lugar a un mayor uso de la inteligencia artificial en la economía y las finanzas, y modificando aspectos fundamentales tanto para entidades como para supervisores. En este...

The financial industry, like many others, is powered by information and data. While the subjects of the data (balance sheet items or counterparty information, for example) may vary dramatically, they all describe a particular financial institution or legal entity. Yet a standard way to uniquely...

Even though the actual Basel II Settlement has many advantages like: more transparent and detailed bank information, the rating systems, the internal models of evaluation for risks, the three pillars which represent a whole, an equitable bank competition,

The strategically investments decisions determine the structure of the company dues and directly influence their liquidation degree. The global analyze of the investment is very important to have in view and to achieve the major objective of company value

In this paper we will discuss about the implications of the corporate tax in the field of economical and social development. In the beginning we will present the results of the introduction of the new quota (16%) as budgetary receipts and after that we wi

The activity of the financial auditors is regulated by International Standards of Revision for financial situations and information, through which the fundamental procedures and principles for this kind of missions are established. CIEL Audit and Revisi

The most important sign of the times we are living is certainly the global economic crisis. Far from being an illusion, even though we cannot deny the true that she generates not a few illusions; it is a reality that cannot be denied. It – the crisis – ex

This paper investigates the dynamic evolution of tail risk interdependence among U.S. banks, financial services and insurance sectors. Life and non-life insurers have been considered separately to account for their different characteristics. The tail risk interdependence measurement framework...

This paper examines a simple basis risk model based on correlated geometric Brownian motions. We apply quadratic criteria to minimize basis risk and hedge in an optimal manner. Initially, we derive the Föllmer–Schweizer decomposition for a European claim. This allows pricing and hedging under...