November 24, 2020

Download Ebook Free Contagion Phenomena With Applications In Finance

Contagion Phenomena with Applications in Finance

Contagion Phenomena with Applications in Finance
Author : Serge Darolles,Christian Gourieroux
Publisher : Elsevier
Release Date : 2015-08-26
Category : Business & Economics
Total pages :166
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Much research into financial contagion and systematic risks has been motivated by the finding that cross-market correlations (resp. coexceedances) between asset returns increase significantly during crisis periods. Is this increase due to an exogenous shock common to all markets (interdependence) or due to certain types of transmission of shocks between markets (contagion)? Darolles and Gourieroux explain that an attempt to convey contagion and causality in a static framework can be flawed due to identification problems; they provide a more precise definition of the notion of shock to strengthen the solution within a dynamic framework. This book covers the standard practice for defining shocks in SVAR models, impulse response functions, identitification issues, static and dynamic models, leading to the challenges of measurement of systematic risk and contagion, with interpretations of hedge fund survival and market liquidity risks Features the standard practice of defining shocks to models to help you to define impulse response and dynamic consequences Shows that identification of shocks can be solved in a dynamic framework, even within a linear perspective Helps you to apply the models to portfolio management, risk monitoring, and the analysis of financial stability

Exam Prep for: Contagion Phenomena With Applications in ...

Exam Prep for: Contagion Phenomena With Applications in ...
Author : Anonim
Publisher : Unknown
Release Date : 2020
Category :
Total pages :129
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Recent Advances and Applications in Alternative Investments

Recent Advances and Applications in Alternative Investments
Author : Zopounidis, Constantin,Kenourgios, Dimitris,Dotsis, George
Publisher : IGI Global
Release Date : 2020-02-07
Category : Business & Economics
Total pages :385
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In recent years, there has been a swell of investment opportunities in contemporary asset classes that have gained considerable attention, including cryptocurrencies, hedge funds, and private equity. These alternative investments provide the opportunity to enhance the diversification of financial portfolios and harvest risk premiums that traditional assets like stocks and bonds fail to provide. The emergence of these new properties has created the need to further understand the mechanics, risks, and returns of alternative investments. Recent Advances and Applications in Alternative Investments is a pivotal reference source that provides vital research on the emergence and development of complementary asset classes in the field of finance and investment. While highlighting topics such as carbon emission markets, renewable energy, and digital currencies, this publication explores modern investment strategies as well as the latest products and new types of risk. This book is ideally designed for managers, strategists, accountants, financial professionals, economists, brokers, investors, business practitioners, policymakers, researchers, and academicians seeking current research on contemporary developments in investment strategies and alternative assets.

Financial Contagion

Financial Contagion
Author : Robert W. Kolb
Publisher : John Wiley & Sons
Release Date : 2011-02-09
Category : Business & Economics
Total pages :464
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"Financial Contagion: The Viral Threat to the Wealth of Nations covers a lot of territory. It is, of course, terribly important to analyze case histories to discover potential triggers, mechanisms of transmission, and viable ways to contain the damage of financial contagion. The problem is, as these articles amply demonstrate, that there’s always a new virus or a mutation of a former one lurking in some corner of the financial world. We don’t know what it is or where it is. And, even if we had some inkling, there’s almost never enough time to develop a financial flu shot." --SeekingAlpha.com The latest insights on financial contagion and how both nations and investors can effectively deal with it. The domino-style structure in which the financial system exists is a perilous one. Although historically, the financial system has been able to deal with major shocks, the fact remains that our financial system is not as secure as it should be. Recent years have brought about too many examples of contagion and systemic risk. That is why Financial Contagion is such an important read. In it, the serious concerns that revolve around our fragile economic system are investigated, researched, and explained. Throughout the book, Kolb offers valuable insights on this dilemma as he compiles the history of financial contagion, highlights the latest research on systemic failure and interrelated markets, and analyzes the risks and consequences we face moving forward. Examines the importance of careful regulation and what must be done to stabilize the global financial system Includes contributed chapters from both academics and experienced professionals, offering a variety of perspectives and a rich interplay of ideas Details how close we are to witnessing a financial contagion that could devastate the world economy We have been harshly reminded of how fragile our economic ecosystem is. With Financial Contagion, you'll hold a better understanding of what needs to be done to strengthen our system and safeguard our financial future.

Propagation Phenomena in Real World Networks

Propagation Phenomena in Real World Networks
Author : Dariusz Król,Damien Fay,Bogdan Gabryś
Publisher : Springer
Release Date : 2015-03-19
Category : Computers
Total pages :364
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“Propagation, which looks at spreading in complex networks, can be seen from many viewpoints; it is undesirable, or desirable, controllable, the mechanisms generating that propagation can be the topic of interest, but in the end all depends on the setting. This book covers leading research on a wide spectrum of propagation phenomenon and the techniques currently used in its modelling, prediction, analysis and control. Fourteen papers range over topics including epidemic models, models for trust inference, coverage strategies for networks, vehicle flow propagation, bio-inspired routing algorithms, P2P botnet attacks and defences, fault propagation in gene-cellular networks, malware propagation for mobile networks, information propagation in crisis situations, financial contagion in interbank networks, and finally how to maximize the spread of influence in social networks. The compendium will be of interest to researchers, those working in social networking, communications and finance and is aimed at providing a base point for further studies on current research. Above all, by bringing together research from such diverse fields, the book seeks to cross-pollinate ideas, and give the reader a glimpse of the breath of current research.”

Economics—Advances in Research and Application: 2013 Edition

Economics—Advances in Research and Application: 2013 Edition
Author : Anonim
Publisher : ScholarlyEditions
Release Date : 2013-06-21
Category : Business & Economics
Total pages :884
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Economics—Advances in Research and Application: 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Tariffs. The editors have built Economics—Advances in Research and Application: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Tariffs in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Economics—Advances in Research and Application: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.

Contagion in Financial Markets

Contagion in Financial Markets
Author : Friedrich L. Sell
Publisher : Edward Elgar Publishing
Release Date : 2001-01-01
Category : Business & Economics
Total pages :225
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This book aims to integrate the notions of contagion in epidemiology and contagion in financial market crises to discover why emerging markets are so susceptible to financial crises. The author first provides a brief introduction of the contagious spill-over of recent financial market crises and models the pattern of these crises. He finds that the contagion between crises in emerging markets, such as that of the crises in Russia and Brazil in 1998-1999, is explicable, despite the fact that at first sight they appear to have little in common. Finally, Friedrich Sell integrates these findings to outline a proposal for a 'new international financial architecture'.

Copulae and Multivariate Probability Distributions in Finance

Copulae and Multivariate Probability Distributions in Finance
Author : Alexandra Dias,Mark Salmon,Chris Adcock
Publisher : Routledge
Release Date : 2013-08-21
Category : Business & Economics
Total pages :208
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Portfolio theory and much of asset pricing, as well as many empirical applications, depend on the use of multivariate probability distributions to describe asset returns. Traditionally, this has meant the multivariate normal (or Gaussian) distribution. More recently, theoretical and empirical work in financial economics has employed the multivariate Student (and other) distributions which are members of the elliptically symmetric class. There is also a growing body of work which is based on skew-elliptical distributions. These probability models all exhibit the property that the marginal distributions differ only by location and scale parameters or are restrictive in other respects. Very often, such models are not supported by the empirical evidence that the marginal distributions of asset returns can differ markedly. Copula theory is a branch of statistics which provides powerful methods to overcome these shortcomings. This book provides a synthesis of the latest research in the area of copulae as applied to finance and related subjects such as insurance. Multivariate non-Gaussian dependence is a fact of life for many problems in financial econometrics. This book describes the state of the art in tools required to deal with these observed features of financial data. This book was originally published as a special issue of the European Journal of Finance.

Contagion! Systemic Risk in Financial Networks

Contagion! Systemic Risk in Financial Networks
Author : T. R. Hurd
Publisher : Springer
Release Date : 2016-05-25
Category : Mathematics
Total pages :139
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This volume presents a unified mathematical framework for the transmission channels for damaging shocks that can lead to instability in financial systems. As the title suggests, financial contagion is analogous to the spread of disease, and damaging financial crises may be better understood by bringing to bear ideas from studying other complex systems in our world. After considering how people have viewed financial crises and systemic risk in the past, it delves into the mechanics of the interactions between banking counterparties. It finds a common mathematical structure for types of crises that proceed through cascade mappings that approach a cascade equilibrium. Later chapters follow this theme, starting from the underlying random skeleton graph, developing into the theory of bootstrap percolation, ultimately leading to techniques that can determine the large scale nature of contagious financial cascades.

A Model of Contagious Currency Crises with Application to Argentina

A Model of Contagious Currency Crises with Application to Argentina
Author : Nada Choueiri
Publisher : International Monetary Fund
Release Date : 1999-03
Category : Cambio de moneda - Argentina - Modelos econométricos
Total pages :26
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This paper proposes a model of contagious currency crises: crises transmit across countries by raising the risk premium on government bonds. Three types of equilibria can occur: a “no-collapse” equilibrium (crises never transmit from abroad); a “collapse” equilibrium (crises are inevitably contagious); or a “fundamentals” equilibrium (crises are contagious if domestic fundamentals are weak). A calibration exercise finds that the 1995 turmoil in Argentina coexisted with a combination of risk-averse investors and weak credibility in the currency board arrangement. This turmoil could only be attributed to a Tequila effect from the Mexican crisis alone if investors were excessively risk-averse.

Identifying International Financial Contagion

Identifying International Financial Contagion
Author : Deputy Director Center for Applied Macroeconomic Analysis Mardi Dungey,Mardi Dungey,Demosthenes Nicholas Tambakis,Senior Research Fellow Cambridge Endowment for Research in Finance Demosthenes N Tambakis
Publisher : Oxford University Press on Demand
Release Date : 2005
Category : Business & Economics
Total pages :240
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This book tackles these factors theoretically, providing an intellectually satisfying framework for the understanding of financial contagion."--Jacket.

Financial Stability Review

Financial Stability Review
Author : Anonim
Publisher : Unknown
Release Date : 2006
Category : Banks and banking
Total pages :129
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Why Are We Bad at Picking Good Leaders? A Better Way to Evaluate Leadership Potential

Why Are We Bad at Picking Good Leaders? A Better Way to Evaluate Leadership Potential
Author : Jeffrey Cohn,Jay Moran
Publisher : John Wiley & Sons
Release Date : 2011-03-31
Category : Business & Economics
Total pages :288
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Silver Medal Winner, Business and Leadership, 2012 Nautilus Book Awards Almost 70% of Americans believe that we are suffering from a crisis of leadership, but rather than asking, why are leaders failing, we need to ask, "Why aren't we choosing better leaders?" Ever wonder what goes on behind closed board room doors when organizations pick their top leaders? It can be a contentious, secretive, even brutal process. Most of our leaders look good on paper—they have charisma, credentials, and confidence—yet they lack the real qualities that are necessary to succeed. In Why Are We Bad at Picking Good Leaders?, Cohn and Moran share the same insights and ideas they use to help organizations make better choices. Revealing seven essential attributes of all great leaders, they offer a fresh and powerful evaluation technique anyone can use to assess leader potential. Through dynamic, first-hand accounts from the business world, entertainment, sports, politics, education, and philanthropy, the authors offer the ultimate insider access and reveal how top organizations find and choose the best talent. Offers multiple ways to evaluate leaders, and how these 7 leadership attributes combine to create the best (and worst) in leaders Features interviews with with Mike Krzyzewski, Coach, 2008 US Men's Olympic Basketball team, Jeff Bezos, CEO of Amazon; George Steinbrenner, Scott Davis, CEO of UPS; Peter Loscher, CEO of Siemens; Toby Cosgrove, CEO, Cleveland Clinic; Hollywood movie directors, and many others Includes academic study and field training at institutions such as Harvard, Yale, INSEAD, and IMD for developing future leaders. Fresh and compelling, Why Are We Bad at Picking Good Leaders? shows how great leaders can be spotted and why they succeed – and is soon to the definitive resource guide for about choosing better leaders.

Financial Crises

Financial Crises
Author : Franklin Allen,Douglas Gale
Publisher : Edward Elgar Pub
Release Date : 2008
Category : Business & Economics
Total pages :579
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This important volume presents key contributions to the study of financial crises from many different areas of economics. The book offers an economic history of financial crises, empirical studies of crises in the modern era, and classic works on the theory of banking crises. It also covers specialized topics, with sections on currency crises and financial contagion. Undergraduate students of money, banking, macroeconomics and financial crises alike will find this collection to be an invaluable overview of a critical area of study.

Anticipating Balance of Payments Crises--The Role of Early Warning Systems

Anticipating Balance of Payments Crises--The Role of Early Warning Systems
Author : Andrew Berg,Eduardo Borensztein,Catherine A. Pattillo,Gian Maria Milesi-Ferretti
Publisher : International Monetary Fund
Release Date : 1999
Category : Balance des paiements - Pays en voie de développement
Total pages :34
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Recent years have seen an increase in the frequency of currency and balance of payments crises in developing countries. After the Mexican crisis in 1994, efforts were made to design an early warning system. These efforts have intensified since the 1997 Asian crisis. EWS apply a statistical method to predict the likelihood that a country will face a currency of balance of payments crisis. This IMF publication examines the concept of EWS, evaluating the models and looking at their implementation.