The conventional portfolio value-at-risk model with the assumption of normal joint
distribution, which is commonly practiced, exhibits considerable biases due to model …

Purpose This study aims to describe the fundamentals of teaching risk management in a
classroom setting, with an emphasis on the learning interface between higher education and …

Portfolio value‐at‐risk (PVAR) is widely used in practice, but recent criticisms have focused
on risks arising from biased PVAR estimates due to model specification errors and other …

Chapitre 1 Page 1 © 2013 Pearson France – Gestion des risques et institutions financieres, 3
édition Gestion des risques et institutions financières, 3éd. J. Hull ISBN : 978-2-7440-7667-1 …

With the removal of capital market restrictions, listing of domestic firms in foreign markets,
and privatization of stateowned companies, there has been a greater integration of …

Risk assessment and management have become progressively more important for
enterprises in the last few decades. Investors diversify and find financial distress and …

This study conducts an analysis to verify an existence of co-movement among the exchange
rates of Yuan-Dollar, Yen-Dollar and Won-Dollar by using time series data. An analysis …

This study conducts an analysis to verify an existence of co-movement among the exchange
rates of Yuan-Dollar, Yen-Dollar and Won-Dollar by using time series data. An analysis …

Derivatives Page 1 Aase, Knut K (2001). “A Markov Model for the Pricing of Catastrophe
Insurance Futures and Spreads,” Journal of Risk & Insurance, 68(1), 25-49. Adam, Tim R and …