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Schmidt, Reinhardt H. - In: Credit and capital markets : Kredit und Kapital 51 (2018) 2, pp. 183-203

Persistent link: https://www.econbiz.de/10011946199

Improved Analytic VaR that Avoids Previous Inconsistencies

Crousillat, Cesar - 2015

VaR_Delta-Normal fails in two counts: subadditivity and potentially producing losses larger than its portfolio value. This paper solves the second inconsistency developing formulas derived from a put option, named PVaR_Delta-Normal and Put_Expected_Shortfall, PSF_Delta-Normal; the latter also...

Persistent link: https://www.econbiz.de/10013014636

Social Responsibility of Microfinance : Banco Compartamos Case (Responsabilidad Social De Microfinancieras: El Caso Compartamos Banco)

Vargas-Hernández, José G. - 2015

English Abstract: Microfinance achieves financial inclusion to the poor population stimulating the creation of sources … society. This document aim show that microfinance work on social responsibility to the poverty serving. To reach the objective … analysis of the change in the number of people in poverty on the variation in the number of microfinance clients nationwide was …

Persistent link: https://www.econbiz.de/10013028621

Las microfinanzas; ¿soluciòn para la financiaciòn de las mipymes y de las empresas de base universitaria?

Ceballos, Mario - In: REVISTA CRITERIO LIBRE (2010)

regulation and by its idiosyncrasies. Thus the companies of microfinance that recently appeared in the system, are called upon to …

Persistent link: https://www.econbiz.de/10008506008

The Fair Basis : Funding and Capital in the Reduced Form Framework

Lou, Wujiang - 2019

A negative basis trade enters a long bond position and buys protection on the issuer of the bond through credit default swap (CDS), aiming at arbitrage profit due to the bond-CDS basis. To better understand the trade's economics and to predict the fair level of the basis, this article...

Persistent link: https://www.econbiz.de/10012901143

7th World Pensions Forum held in Paris : SDG-Driven LT Investment and the Firm of the Future

Firzli, M. Nicolas J. - 2019

The 7th World Pensions Forum was held 22-23 March at the École Nationale des Beaux-Arts, a cradle of modern European culture. 120 pension executives and board members representing more than $10 trillion in combined wealth convened in Paris to discuss the regulatory and governance impact of...

Persistent link: https://www.econbiz.de/10012897274

Valuation of a Cashflow CDO Without Monte Carlo Simulation

Gallagher, Donal A. - 2009

Unlike tranches of synthetic CDOs, that depend only on the defaults of the underlying securities, tranches of cashflow CDOs also depend on the interest cash flows from the coupons of the securities. Whilst fast, accurate, (semi-)analytic methods exist for pricing synthetic CDO tranches (Hull and...

Persistent link: https://www.econbiz.de/10013156360