In this article we analyze the risk associated with hedging written call options. We introduce a way to isolate the … gamma risk from other risk types and present its loss distribution, which has heavy tails. Moving to an insurance point of … considerably biased values for the replicating portfolio. Operational risk is defined as caused by imperfect delta hedging and is …

which the risk management and hedging needs of investors may be effectively met through the derivative instruments. However …

limited amount of risk. Segregated Funds, which are, simply put, mutual funds with additional features, have grown in …

A contribution to the study of volatility and country risk is made in order to achieve a successful crosscountry … comparison. We present a methodology for the evaluation of country risk that include endogenous detection of multiple structural … the series persistence and volatility. Comparing a traditional risk indicator to our suggested one we find that the …

uninsurable, individual specific productivity risk. …