fat tails in finance

... http://www.idg.com.vn Thông tin về Hội thảo – Triển lãm được cập nhật tại: www.ictfinance.vn và www.efinance.vn Mọi thông tin về Vietnam ICT in Finance 2007 dành cho báo chí, xin liên hệ: Phạm Ngọc ... đã cho ra mắt Website eFinance (Tài chính điện tử) có địa chỉ http://www.efinance.vn, http://www.tinhoctaichinh.vn với mục tiêu trở thành tờ báo online, cập nhật thông tin tới bạn đọc trong và ... Quốc gia như Vietnam Computerworld Expo, Banking Vietnam, eGovernment, Vietnam ICT in Finance, ComNet Vietnam ICT in Education, CIO Awards. Thông tin chi tiết về Tập đoàn dữ liệu quốc tế (IDG)...

Ngày tải lên: 25/01/2013, 17:08

... Humor & Entertainment ● Innovation ● Inspirational ● Insurance ● Interior Design & Decorating ● Internet Marketing ● Investing ● Landscaping & Gardening ● Language ● ... OUTSIDE AND INSIDE A BUSINESS CHAPTER 1—GETTING DOWN TO BUSINESS 3 Accounting Inside and Out 4 Internal Functions of Accounting 6 External Functions of Accounting 6 A Word about Accounting Methods ... developing new products and services, expanding markets, improving productivity, anticipating changes, adapting to new technology, clarifying the business model, thinking out clear strategies, hiring...

Ngày tải lên: 07/02/2013, 09:32

... production and 21 INTRODUCING FINANCIAL STATEMENTS The Fast Forward MBA in Finance The Fast Forward MBA in Finance S ECOND E DITION Figure 3.1 is an archetype external income statement in essential ... REPORTING 6 vii CONTENTS PREFACE xiii PART 1 FINANCIAL REPORTING OUTSIDE AND INSIDE A BUSINESS CHAPTER 1—GETTING DOWN TO BUSINESS 3 Accounting Inside and Out 4 Internal Functions of Accounting 6 External Functions of Accounting 6 A ... ($22.4) $3.3 Cash flow from investing activities Investments in new long-term operating assets ($3.6) Cash flow from financing activities Increase in short-term notes payable $ 0.5 Increase in long-term notes...

Ngày tải lên: 07/02/2013, 09:32

... pronoun in the objective case shouldn’t be used in subject position. For example, it is very informal to say “Him singing in the shower is an interesting hobby”. c. Bare- infinitive nominal clause ... When the to of the infinitive is omitted, it is called bare- infinitive. The bare- infinitive nominal clause is used when the infinitive clause supplies a predication corresponding to an use of ... any early repayment charges. finite cl (that- cl) nonfinite cl (to infinitive ) finite cl (that- cl) finite cl (yes- no interrogative cl) nonfinite cl (to infinitive 7 3.4. Appositive (major...

Ngày tải lên: 15/04/2013, 14:57

... anticipating changes, adapting to new technology, clarifying the business model, thinking out clear strategies, hiring and motivating people, making tough choices, solving problems, and arbitrat- ing ... achieving profit goals by making sales or earning other income and by controlling expenses • Cash flow—generating cash from profit and securing cash from other sources and putting the cash inflow ... 2 CHAPTER Introducing Financial Statements T 2 This chapter introduces the financial statements that are included in periodic financial reports from a business to its shareowners...

Ngày tải lên: 17/10/2013, 03:15

Ngày tải lên: 27/10/2013, 08:15

Ngày tải lên: 11/12/2013, 23:55

... the business. The operating assets and liabilities of a business constitute a good FINANCIAL REPORTING 20 2 CHAPTER Introducing Financial Statements T 2 This chapter introduces the financial ... developing new products and services, expanding markets, improving productivity, anticipating changes, adapting to new technology, clarifying the business model, thinking out clear strategies, hiring ... pre- sentation, keep in mind the following basic points: • An increase in operating assets causes a negative effect on cash flow from profit, and a decrease causes a positive effect. 23 INTRODUCING FINANCIAL...

Ngày tải lên: 13/12/2013, 11:34

... reduction) Financial sector functions Producing information about investments and allocate capital; monitoring investments and exerting corporate governance; managing risks; pooling savings; and easing ... governments. (In) efficiency mea- sures for institutions include indicators such as overhead costs to total assets, net interest margin, lending-deposits spread, noninterest income to total income, ... Risk 10 O.4 Change in Bank Lending Associated with a 1% Increase in GDP Per Capita 12 O.5 Credit Reporting vs. Banking System Concentration 14 1.1 Financial Depth and Income Inequality 20 1.2...

Ngày tải lên: 16/02/2014, 10:20

... weak problems. This is in principle true, but the resulting schemes might remain far from being optimal in terms of 1.1 Stochastic Processes 15 Fig. 1.1.8. A linearly interpolated sample path ... supermartingale is trending systematically downward or has no trend. We call a supermartingale a strict supermartingale (strict sub- martingale) if the inequality in (1.2.6) is always a strict inequality. As ... . . . . 424 10.3 Filtering a Mean Reverting Process . 433 10.4 Balanced Method in Filtering . . . . . . 447 10.5 A Benchmark Approach to Filtering in Finance . . 456 10.6 Exercises . . . . ....

Ngày tải lên: 19/02/2014, 22:20

... various types in different models. Optimal control models in finance can take different forms including the following: bang-bang control, deterministic and stochastic models, finite and infinite horizon ... optimization in finance. The proposed extensions in the computation and modeling of optimal control in finance have shown the need and potential for further areas of study in financial modeling. Potentials ... different areas in finance: optimal portfolio choice, optimal corporate finance, financial engi- neering, stochastic finance, valuation, optimal consumption and investment, financial planning, risk management,...

Ngày tải lên: 22/02/2014, 06:20

... dollars) and invests the obtained 46.8 dollars in a bank account. Note that in both examples the ‘minimal hedging’ price coincides with the ‘risk- neutral’ price and they differ from the intuitive ... of optimal investment. In the previous sections we studied investment strategies (portfolios) from the point of view of hedging contingent claims. Another criterion for comparing invest- ment ... an insurance company and investment portfolios 3.3.1 Mathematical appendix 5 3.4 Risks in traditional and innovative methods in life insurance 3.5 Reinsurance risks 3.6 Extended analysis of insurance...

Ngày tải lên: 22/02/2014, 06:20

... capital invested in assets used in making profit The Fast Forward MBA in Finance The Fast Forward MBA in Finance SECOND EDITION and in deciding on the sources of capital for asset invest- ments. • Generate ... example. John Wiley & Sons, Inc. The Fast Forward MBA in Finance JOHN A. TRACY The Fast Forward MBA in Finance SECOND EDITION Financial Reporting Outside and Inside a Business 1 1 PART other expenses ... details in their income statements. Terminology differs somewhat from business to business. For instance, some companies prefer the term gross profit instead of gross margin in their external income...

Ngày tải lên: 05/03/2014, 20:20

... is required. Finding the optimal K involves determining E  X  K +1   −E  X  K   with some precision. We can reduce the sampling variation in our estimate of this by inducing positive correlation ... high-dimensional integrations to be found in the pricing of exotic derivatives and in Bayesian estimation. In a stroke this has caused a renaissance in simulation. In Chapter 6, I have been influenced ... ‘return’ keys to obtain a fresh line within the procedure. The procedure terminates with a semicolon and successful entry of the procedure results in the code being ‘echoed’ in blue type. The structure...

Ngày tải lên: 07/03/2014, 15:20

... including varying the threshold and performing regression analysis on various covariates (including the size of the spill in barrels, the x coordinate of plot (c)), but none succeeded in explaining ... in any form or by any means, electronic or mechanical, including photocopying, microÞlming, and recording, or by any information storage or retrieval system, without prior permission in writing ... interesting and exciting research area in a single conference volume. The most important omission may be the extensive use of extreme value theory in reliability theory. This includes modelling...

Ngày tải lên: 08/03/2014, 19:20

... does the Add -in Manager do? 95 5.2.1 Loading and unloading installed add-ins 95 5.2.2 Active and inactive add-ins 96 5.2.3 Deleted add-ins and loading of inactivate add-ins 96 5.3 Creating an XLL: ... outlined below. In essence, it is attempting to guess what kind of input the user was providing, and then tries to interpret accordingly. Understanding the order in which Excel does these things may ... Automation using C++ 295 9.5.1 Initialising and un-initialising COM 297 9.5.2 Getting Excel to recalculate worksheets using COM 299 9.5.3 Calling user-defined commands using COM 300 9.5.4 Calling user-defined...

Ngày tải lên: 17/03/2014, 13:20

... Working Paper. 6 Linear Factor Models in Finance be determined but the extracted factors are difficult to interpret, because they are non-unique linear combinations of more fundamental underlying ... chapter investigates is the effect of falsely imposing stationarity of the factor loadings. In particular, we examine the case that factor loadings is a linear function of the conditioning information ... in earnings and returns. Journal of Finance, 50:131–155; Journal of Finance, 49:1579–1593. Fama, E. and French, K. R. (1996). Multifactor explanations of asset pricing anomalies. Journal of Finance, ...

Ngày tải lên: 18/03/2014, 00:20

Ngày tải lên: 18/03/2014, 00:20

Ngày tải lên: 18/03/2014, 00:20

Ngày tải lên: 22/03/2014, 09:20