Dynamic Asset Allocationwith Event Risk potx
Dynamic Asset Allocationwith Event Risk potx
... 0.952 0.845 0.5 0.901 0.1 Dynamic Asset Allocation with Event Risk 249 Dynamic Asset Allocation with Event Risk JUN LIU, FRANCIS A. LONGSTAFF and JUN PANnABSTRACTMajor events often trigger abrupt ... the risky asset in the case where the volatility of the asset s returns is constant and the percentage size of the jump in the asset s price is also con-stant. The risk premium for the risky asset ... 0.754 Dynamic Asset Allocation with Event Risk 255investors with low levels of risk aversion more than it does highly risk- averse in-vestors.These results illustrate that the implications of event...
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Liquidity and Credit Risk potx
... both bargaining power scenarios.The effect of asset risk is similar to that of leverage save for one major dif-ference. Although an increase in asset risk makes a workout more likely, thusincreasing ... s2increases in asset risk bothfor high and low shareholder bargaining power.With respect to cash flow rate β, the higher the β the lower the growth rateof the firm and the higher the risk of distress. ... Wooldridge (2001) was used.Liquidity and Credit Risk 22350 5 10 15 20 25 3000.10.20.30.40.50.60.70.80.91Years to maturityLiquidity risk Default risk Figure 5. The relative size of the default...
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The Breast Cancer Epidemic: Modeling and Forecasts Based on Abortion and Other Risk Factors potx
... highereducation) had the highest risk of breast cancer, which was 74%above that of women in agriculture, who had the lowest risk. Therecords were adequate to control for various risk factors, and thestudy ... Wohlfahrt J, Olsen JH, et al. Induced abortion and the risk of breast cancer. 1997:336.81-85.Brewster DH, Stockton DL, Dobbie R, et al. Risk of breast cancer aftermiscarriage or induced abortion: ... Eklund G, et al. Risk of cancer of the breast afterlegal abortion during first trimester: a Swedish register study.1989:299:1430-1322.Brind J. Induced abortion as an independent risk factor for...
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WORKING PAPER NO 13 CREDIT RISK TRANSFER AND FINANCIAL SECTOR PERFORMANCE Wolf Wagner & Ian Marsh potx
... ! ! 34 WORKING PAPER NO 13 CREDIT RISK TRANSFER AND FINANCIAL SECTOR PERFORMANCE Wolf Wagner & Ian Marsh ...
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Principles for Sound Liquidity Risk Management and Supervision potx
... funding liquidity risk and market liquidity risk, as well as how other risks, including credit, market, operational and reputation risks affect the bank’s overall liquidity risk strategy. 15. ... managers. Moreover, liquidity risk and its potential interaction with other risks should be included in the risks addressed by risk management committees and/or independent risk management functions. ... triggering events6 for these contingent liquidity risks can be difficult to model. It is incumbent upon the management of the risk- originating business activity, as well as the liquidity risk management...
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DODSER DEPARTMENT OF DEFENSE SUICIDE EVENT REPORT CALENDAR YEAR 2011 ANNUAL REPORT potx
... AND 2009-2010 ARMY DODSER EVENT GEOGRAPHIC LOCATION FOR NONFATAL SUICIDE EVENTS149 TABLE 5.34. CY 2011 AND 2009-2010 ARMY DODSER EVENT SETTING FOR NONFATAL SUICIDE EVENTS150 TABLE 5.35. CY ... AND 2009-2010 ARMY DODSER EVENT GEOGRAPHIC LOCATION 130 TABLE 5.4. CY 2011 AND 2009-2010 ARMY DODSER EVENT SETTING 130 TABLE 5.5. CY 2011 AND 2009-2010 ARMY DODSER EVENT METHOD 131 TABLE 5.6. ... 2011 AND 2009-2010 ARMY DODSER EVENT METHOD FOR NONFATAL SUICIDE EVENTS150 TABLE 5.36. CY 2011 AND 2009-2010 ARMY DODSER SUBSTANCE(S) USED DURING NONFATAL SUICIDE EVENTS151 TABLE 5.37. CY 2011...
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An Equilibrium Model of Rare-Event Premia and Its Implication for Option Smirks potx
... between rare -event premia and uncertainty aversiontoward rare events still survives.174. The Rare -Event Premiums in OptionsTo further disentangle the rare -event premiums from the standard risk premiums, ... market price of rare -event risk that is above andbeyond that associated with risk aversion, and this extra degree of freedom arises from uncertaintyaversion toward rare -event risk. 22Specifically, ... and yields a distinct composition of thediffusive -risk premium, the jump -risk premium, and the rare -event pre-mium. For example, the rare -event premium is zero when the representa-tive agent...
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Construing the world: conceptual metaphors and event-construal in news stories potx
... case. The reported event is hence not primarily construed as a BATTLE, although this particular event- construal is present to a certain degree and helps to dramatise the event. This dramatisation ... might in fact be a stalemate. Again, the event- construal establishes the basis for evaluations, provides coherence, and, most importantly, dramatises the event. In addition, the conceptual metaphors ... of event- construals across broadsheets and tabloids may yield different results. 3. Summary and conclusion News is embedded talk: within the news text generated by the author other speech events...
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An Event-Related fMRI Study of Syntactic and Semantic Violations potx
... fMRI 357An Event- Related fMRI Study of Syntactic andSemantic ViolationsAaron J. Newman,1,4Roumyana Pancheva,2,3Kaori Ozawa,2Helen J. Neville,1and Michael T. Ullman2,4We used event- related ... noninvasive method is event- related brain potentials (ERPs).These are recordings of brain activity made from electrodes placed on thescalp and time-locked to specific events (e.g., stimuli). ... & D’Esposito, 1997; Menon & Kim, 1999). In this method, hemo- dynamic responses to individual stimuli or other cognitive “events” can bemeasured, in contrast to the more traditional method...
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