Given a fitted stochastic mortality model, we can express the uncertainty associated with future death rates in terms of confidence or prediction intervals. Recently, a group of researchers have proposed using fan charts to display prediction intervals for future mortality rates. Existing...

Since 2003, petrol prices in South Africa have increased to unprecedented levels, due largely to global increases in crude oil prices. Although there are different opinions on the causes of high crude oil prices, there is consensus that high fuel prices have a negative impact on global...

In this paper, the effects of so-called model misspecification and the effects of dropping the assumption that continuous rebalancing is possible are examined. Strategies which are robust if applied continuously fail to be robust if applied in discrete time. Therefore, the hedging bias which...

This aim of this paper is to analyse possibilities and potential effects of soft commodity derivative market on the development of risk management practice within the CEE. Agricultural producers and other participants in the soft commodity market in CEE are lacking local commodity market. As a...

This aim of this paper is to analyse possibilities and potential effects of soft commodity derivative market on the development of risk management practice within the CEE. Agricultural producers and other participants in the soft commodity market in CEE are lacking local commodity market. As a...