Discusses how some countries (USA, Brazil, Australia, Germany and Canada) have a limited jurisdiction over individual states, provinces or regions of each country. Illustrates healthcare and emergency services and discusses each with regard to the Y2K problem. Wonders whether, because of...

States human progress demands risk‐taking but, conversely, managing risk in projects is always critical to success. Proposes that managers must make project risk management explicit and make identification of risks a priority. Recommends that contingency plans for low impact, high probability...

In today's era of big data, deep learning and artificial intelligence have formed the backbone for cryptocurrency portfolio optimization. Researchers have investigated various state of the art machine learning models to predict Bitcoin price and volatility. Machine learning models like recurrent...

This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized assets. We address this question in the context of commercial real estate cash flow shocks, which are informationally opaque to holders of commercial mortgage-backed securities...

This paper studies the performance of nonparametric quantile regression as a tool to predict Value at Risk (VaR). The approach is flexible as it requires no assumptions on the form of return distributions. A monotonized double kernel local linear estimator is applied to estimate moderate (1%)...

Complex phenomena in environmental sciences can be conveniently represented by several inter-dependent random variables. In order to describe such situations, copula-based models have been studied during the last year. In this paper, we consider a novel family of bivariate copulas, called...