Table of contents
Hedging Financial Risks Subject to Asymmetric Information
Angelo Arvanitis, Jonathon Gregory, Richard MartinThis article presents a generalized approach to pricing risk in markets that are subject to information asymmetries. Asymmetric information can result in prohibitive trading costs…
Weather Derivatives and Their Implications for Power Markets
Don Ellithorpe, Scott PutnamMajor segments of the U.S. economy are affected by weather. With the emergence of weather derivatives, exposure to weather‐related risk has evolved from being merely accepted. As…
Pitfalls and Opportunities in the Use of Extreme Value Theory in Risk Management
Francis X. Diebold, Til Schuermann, John D. StroughairExtreme value theory (EVT) holds promise for advancing the assessment and management of extreme financial risks. Recent literature suggests that the application of EVT generally…
Another Perspective on Credit Risk Transfer and Asset Securitization
Richard Cantor, Stanislas RouyerAlthough issuers may benefit generally from securitization, some asset securitizations transfer more credit risk than others. When a lender uses securitization to replace…
Analyzing Insurance‐Linked Securities
Eduardo Canabarro, Markus Finkemeier, Richard R. Anderson, Fouad BendimeradInsurance‐linked securities can benefit both issuers and investors; they supply insurance and reinsurance companies with additional risk capital at reasonable prices (with little…
ISSN:
1526-5943e-ISSN:
2331-2947ISSN-L:
1526-5943Online date, start – end:
1999Copyright Holder:
Emerald Publishing LimitedOpen Access:
hybridMerged from:
Balance SheetEditor:
- Nawazish Mirza