Recent financial disasters have emphasized the importance of effective risk management for financial industry. The increased volatility of financial markets has induced researchers, practitioners and regulators to design and develop more sophisticated risk management tools. Over the past two...

Derivatives, such as futures or options, are financial contracts which derive their value from a spot price, which is called the “underlying”. Derivative products like index futures, stock futures, index options and stock options have become important instruments of price discovery,...

All in Smoke Ltd (AIS Ltd), 100% export oriented unit (EOU) and in the manufacturing business of tobacco and cigarette, is a wholly-owned subsidiary of its listed parent firm. The parent firm, a sizable player in the same industry with a number of well-known brands in its portfolio, has recently...

Asset Bubbles have always been a debatable issue in the field of Economics and Finance. Till now we have witnessed quite a handful of them but we are yet to develop a concrete strategy to tackle the same. This paper provides an insight into the various mathematical know how's of an asset bubble...

Subprime crisis has ended history of many banks in the USA. As of now 22 banks have been closed because of Subprime crisis. It started with the Lehman Brothers, a 138 year old company filed bankrupt followed by Washington Mutual Funds. Like this 20 other small and medium size banks collapsed....

Some studies show that the performance of option strategies with stock portfolios could depend on other factors or on market conditions. Benninga and Blume (1985) analyzed the optimality of portfolio insurance in complete and incomplete markets, and found that buying put option may be optimal...

Today mutual funds represent the most appropriate opportunity for most small investors. As financial markets become more sophisticated and complex, investors need a financial intermediary who provides the required knowledge and professional expertise on successful investing. It is no wonder then...

Many countries in the world can be recognized as brand like: Germany for Automobiles, Japan for Technologies, South Africa for Racialism and US for global political dominance and so on. Now what to associate India with, is it a democratic alternative to China or a Fast growing free market...