Journal of Risk Finance: Volume 19 Issue 2

The evolution of the bitcoin economy: Extracting and analyzing the network of payment relationships

Paolo Tasca, Adam Hayes, Shaowen Liu

This paper aims to gather together the minimum units of users’ identity in the Bitcoin network (i.e. the individual Bitcoin addresses) and group them into representations of…

Value-at-risk and related measures for the Bitcoin

Stavros Stavroyiannis

The purpose of this paper is to examine the value-at-risk and related measures for the Bitcoin and to compare the findings with Standard and Poor’s SP500 Index, and the gold spot…

Enterprise risk management: history and a design science proposal

Michael McShane

This paper aims to investigate the evolution of enterprise risk management (ERM) out of fragmented disciplinary perspectives to provide a foundation for promoting…

Financial penalties and banks’ systemic risk

Hannes Köster, Matthias Pelster

The purpose of this paper is to analyze the impact of financial penalties on the stability of the banking sector.

Investor protection, valuation methods and the German alternative funds industry

Bernd Hoffmann, Karsten Paetzmann

This paper aims to present the rules for determining the net asset value according to the AIFM Directive which have fundamentally changed regulation of the European alternative…

Economies of scale in European life insurance

Udo Klotzki, Alexander Bohnert, Nadine Gatzert, Ulrike Vogelgesang

Due to the continuing low interest rate environment as well as the increase in acquisition costs, price transparency, cost transparency and competition with banks, the cost of…