This study takes a direct approach to determine management motivation for the use of financial derivatives. We survey a sample of Australian firms on attitudes to derivative use and financial risk management. Management views are sought on the importance of a series of theoretical reasons for...

Purpose - The purpose of this paper is to show how the influence of the diffusion speed of a financial innovation (FI) increases the operational risk (OR) in any business line with different rate. Design/methodology/approach -A stochastic model is considered presenting the influence of diffusion...

Shielding the Poor presents a group of studies on social protection in the developing world from leading researchers. These studies address the issue of vulnerability of the poor to adverse shocks and propose policies to increase their protection and coping capacity. The studies emphasize the...

Financial Risk Management outlines how to implement an objective and systematic risk management program that allows for effective control and evaluation of operations. This comprehensive guide is designed to help businesses and financial institutions operating in emerging markets incorporate...

We examine bilateral US- and Thailand-based equity portfolios around the 1997 baht crisis using an extreme value framework for safety-first (SF) portfolio optimisation, with comparisons to the Markowitz mean-variance minimum variance portfolio (MVP). The optimal SF portfolio is invested 100 per...

In the context of economic and financial crisis triggered in EU by autumn 2008, Romania's banking system like that in the other European countries, faced with the consequences of decreasing the standard of living the worsening of purchasing power (in terms of retail) and with gaps and Delay...

In this paper, we propose a novel, analytically tractable, one-factor stochastic model for the dynamics of credit default swap (CDS) spreads and their returns, which we refer to as the spread-return mean-reverting (SRMR) model. The SRMR model can be seen as a hybrid of the Black–Karasinski...

The Gradual collapse of financial markets in the European Union since the fall of 2008 and economic crises at the credits portfolio level that followed, were generated by the several factors, often interdependent, both macroeconomic and microeconomic level, finally leading to the accumulation of...

The paper aims at providing insight to the understanding, application and utility of Risk Maturity Models that represent a valid tool supporting risk management procedures in organisations. Founded on thorough conceptual analysis of available literature and applicative studies, the paper...

The paper aims at providing insight to the understanding, application and utility of Risk Maturity Models that represent a valid tool supporting risk management procedures in organisations. Founded on thorough conceptual analysis of available literature and applicative studies, the paper...