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Increasing weather risk: Fact of fiction?

Wang, Weining; Bobojonov, Ihtiyor; Härdle, Wolfgang Karl; … - 2011

It is an undisputed fact that weather risk increases over time due to climate change. However, qualification of this statement with regard to the type of weather risk and geographical location is needed. We investigate the application of novel statistical tools for assessing changes in weather...

Persistent link: https://www.econbiz.de/10010281514

Mandatory IFRS adoption and accounting comparability

Cascino, Stefano; Gassen, Joachim - 2010

adoption on the comparability of financial accounting information around the world. Our results suggest that while mandatory …

Persistent link: https://www.econbiz.de/10010281527

The Basel III framework for liquidity standards and monetary policy

Bindseil, Ulrich; Lamoot, Jeroen - 2011

and in a financial crisis, the treatment of central bank operations in the regulation is obviously important. To ensure … internalisation of liquidity risks (i.e. pricing of liquidity risk) and to address excessive reliance ex ante on central bank … interaction between the two areas can be substantial, depending on the operational and collateral framework of the central bank …

Persistent link: https://www.econbiz.de/10010281532

Comparability effects of mandatory IFRS adoption

Cascino, Stefano; Gassen, Joachim - 2012

of mandatory IFRS adoption on the comparability of financial accounting information around the world. Using two …

Persistent link: https://www.econbiz.de/10010281535

Computational Statistics (Journal)

Härdle, Wolfgang Karl; Mori, Yuichi; Symanzik, Jürgen - 2012

Computational Statistics is an international journal that fosters the publication of applications and methodological research in the field of computational statistics. In this article, we will discuss the motivation, history, some specialties, and the future scope of this journal.

Persistent link: https://www.econbiz.de/10010281549

Econometric analysis of volatile art markets

Bocart, Fabian Y. R. P.; Hafner, Christian M. - 2011

A new heteroskedastic hedonic regression model is suggested which takes into account time-varying volatility and is applied to a blue chips art market. A nonparametric local likelihood estimator is proposed, and this is more precise than the often used dummy variables method. The empirical...

Persistent link: https://www.econbiz.de/10010281564

The signal of volatility

Strohsal, Till; Weber, Enzo - 2012

The present study addresses the economic interpretation of stock market volatility. We argue that its character is inherently ambivalent, being considered as an indicator of either information flow or uncertainty.We discriminate between these views by measuring the fraction of price changes that...

Persistent link: https://www.econbiz.de/10010318768

Statistical modelling of temperature risk

Anastasiadou, Zografia; López-Cabrera, Brenda - 2012

Recently the topic of global warming has become very popular. The literature has concentrated its attention on the evidence of such effect, either by detecting regime shifts or change points in time series. The majority of these methods are designed to find shifts in mean, but only few can do...

Persistent link: https://www.econbiz.de/10010318774

Volatility of price indices for heterogeneous goods

Bocart, Fabian Y. R. P.; Hafner, Christian M. - 2012

Price indices for heterogenous goods such as real estate or fine art constitute crucial information for institutional or private investors considering alternative investments in times of financial markets turmoil. Classical mean-variance analysis of alternative investments has been hampered by...

Persistent link: https://www.econbiz.de/10010318789