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...

The study seeks to establish the presence, or otherwise, of real exchange rate, demand and supply shocks synchronicity in the West African Monetary Zone (WAMZ) and to suggest alternative exchange rate arrangements, other than a monetary union, in case these shocks do not co-move. On the whole,...

Provides the first national prevalence estimates of <I>Diagnostic and Statistical Manual of Mental Disorders, Fourth Edition</I> (DSM-IV) alcohol use disorders, based on a structured, diagnostic instrument for inpatient admissions to U.S. general hospitals. Existing prevalence estimates for inpatient...</i>

В статье показано, что возможность нарушения договоренностей существует для подавляющего большинства реальных договоренностей.

Доказана теорема о существовании разрывов в шкале вероятностей. Рассмотрены проявления этих разрывов в экономике и прогнозировании.

Приведена общая схема доказательства теорем о существовании разрывов на числовых отрезках и в шкале вероятностей. Рассмотрены некоторые возможности...

This paper compares two different types of private retirement plans from the perspective of a representative beneficiary: a defined benefit (DB) and a defined contribution (DC) plan. While salary risk is the main common risk factor in DB and DC pension plans, one of the key differences is that...