This is the first comprehensive account of the theory of mass transportation problems and its
applications. In Volume I, the authors systematically develop the theory of mass …

While operational risk has long been regarded as a mere part of" other" risks--outside the
realm of credit and market risk--it has quickly made its way to the forefront of finance. In fact, …

While mainstream financial theories and applications assume that asset returns are normally
distributed, overwhelming empirical evidence shows otherwise. Yet many professionals don…

In the 1960's Benoit Mandelbrot and Eugene Fama argued strongly in favor of the stable
Paretian distribution as a model for the unconditional distribution of asset returns. Although a …

The Monge-Kantorovich problem (MKP) has been the center of attention of many specialists
in various areas of mathematics fora long timemditterential geometry (see [7],[50] and the …

… SVETLOZAR RACHEV is a professor of econometrics, statistics, and mathematical finance
… We suggest two new performance measures (the Rachev ratio and the Rachev generalized …

A comprehensive guide to financial econometrics Financial econometrics is a quest for
models that describe financial time series such as prices, returns, interest rates, and exchange …

An accessible guide to the growing field of financial econometrics As finance and financial
products have become more complex, financial econometrics has emerged as a fast-growing …

The first comprehensive account of the theory of mass transportation problems and its
applications. In Volume I, the authors systematically develop the theory with emphasis on the …

… Svetlozar Rachev gratefully acknowledges research support by grants from Division of
Mathematical, Life and Physical Sciences, College of Letters and Science, University of California…