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risk analysis and management
(1020 results)-
White Papers
Government's Role As Credit Insurer Of Last Resort And How It Can Be Fulfilled
Oct 2008
What caused the credit crisis? What will end the credit crisis? What will restore credit markets to normal functioning? This paper answers these three questions. There is of course no single cause...
Provided by City University of London (Cass)
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White Papers
The Power Of Flexibility For Mitigating Supply Chain Risks
Jul 2008
Lee (2004) articulated that alignment, adaptability, and agility are the basic ingredients for managing supply chain risks. While it is clear that flexibility (agility) enhances supply chain...
Provided by University of California, Los Angeles (Anderson)
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Webcasts
Integrating Risk Management With Business Strategy
Mar 2010
This webcast focuses on integrating risk management framework within the business decision making process. Key business decisions impact both the strategy definition and the execution. Without...
Provided by SAS Institute
-
Webcasts
Why Just Count Crime When You Can Prevent It?
Jul 2009
Doing more with less - Why just count crime when you can anticipate, prevent and respond more effectively? Operationally relevant and actionable analysis allows command staff and police managers...
Provided by SAS Institute
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White Papers
10 Things You Don't Know About Managing Your Business Operations Risks
Apr 2008
Operational risks are those that impact the continuity of your core business functions. Whether the precipitating event is severe weather, a dock strike, an act of internal sabotage, a pandemic...
Provided by American Management Association
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Downloads
BRMS Buyer's eKit
Aug 2010
Selecting the right software is the first step in obtaining fast ROI from a business rule management system (BRMS). These tools will help you make the right decision.
Provided by IBM
-
White Papers
How To Avoid A Tainted Product Disaster
Jul 2007
Do one know what's really going on in the factories of the overseas manufacturing partners and suppliers? If one can't answer that question with a confident yes, the brand could be at risk. So...
Provided by American Management Association
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White Papers
Defense 101: How To Avoid Getting Blindsided By Corporate Fraud
Mar 2010
The last thing a small business needs now is fraud. Moderately-sized companies are already struggling enough in the fragile economy. Getting ripped off can be a crippling blow. True, the time and...
Provided by American Express
-
White Papers
How To Prevent Employees From Stealing From Your Business
Mar 2010
The sad truth is that employee fraud and embezzlement events - defined as "the use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employing...
Provided by American Express
-
White Papers
Fail Forward
May 2009
As the pace of life speeds up daily, along with the pace at which we need to reinvent ourselves and our companies, adaptability becomes an increasingly valuable skill. At the same time, our desire...
Provided by American Express
-
White Papers
Finding Your Electric Hummer
Apr 2009
One of the challenges many small businesses face these days is trying to figure out what to focus on. There's never a shortage of ideas, but these days, resources can be somewhat constrained - and...
Provided by American Express
-
White Papers
8 Ways To Shield Your Business From Hackers
Feb 2010
With 85% of data breach occurring at the small business level, business owners need to secure online banking and data stringently. Most of the people are aware of the need to take sensible...
Provided by American Express
-
Whitepapers
Addressing IT governance, risk and compliance (GRC) to meet regulatory requirements and reduce operational risk in financial services organizations
Aug 2010
Effective IT governance, risk and compliance (GRC) is essential for financial services organizations to meet increasingly stringent regulatory and audit requirements and reduce business...
Provided by IBM
-
Whitepapers
Establish operational resilience across your financial institution with change management tools from IBM
Aug 2010
More than ever before, banks need sophisticated tools in place to help them gain insight into their infrastructure. Tivoli change management software offers powerful capabilities to help...
Provided by IBM
-
White Papers
Risk Management 101 For Small Business Owners
Sep 2010
Risk is an inherent part of being in business. It can be managed and its adverse outcomes can be mitigated. The greatest challenge for small business owners is to find the proper balance between...
Provided by American Express
-
Whitepapers
User Experience Management: Is it Right for You?
Sep 2010
Your business as a whole and your specific IT group count on user experience management (UEM) to deliver the best web app user experience possible. However, both groups look at the UEM...
Provided by Quest Software, now a part of Dell
-
White Papers
Nested Simulation In Portfolio Risk Measurement
Apr 2008
Risk measurement for derivative portfolios almost invariably calls for nested simulation. In outer step one draws realizations of all risk factors up to horizon, and in inner step one re-prices...
Provided by Federal Reserve Board
-
Whitepapers
BlueLock underpins its cloud computing hosting services with best-in-class security.
Sep 2010
BlueLock, an infrastructure hosting company, needed to establish a more flexible security platform to adapt to the needs of a cloud computing environment. BlueLock's customers need flexibility,...
Provided by IBM
-
Whitepapers
Ecomanage Network Corporation develops a service offering for manufacturers to fully manage wastes and meet disposal regulations
Sep 2010
Japan's Waste Disposal and Public Cleaning Law requires that a business entity producing industrial wastes needs to confirm the final disposal of everything produced. This requires implementation...
Provided by IBM
-
White Papers
Journal of Management Excellence - Organizing for Management Excellence(Part II)
Nov 2010
How can IT help businesses succeed? Change management. Business intelligence. IT/business alignment for management excellence. Enterprise performance management. Master data management....
Provided by Oracle
-
White Papers
Delivering Enterprise Value with Oracle Governance, Risk & Compliance
Feb 2010
Organizations spend more money on risk management and compliance than they should, largely due to inefficiency. In a complex and changing business environment, manually managed and fragmented risk...
Provided by Oracle
-
White Papers
Balance Risks to Improve Performance
Feb 2010
A white paper on how the Oracle Enterprise Governance, Risk, and Compliance (GRC) Applications Suite can help present a unified view of risks across an organization and build lasting risk...
Provided by Oracle
-
White Papers
Testing For Cointegration Using The Johansen Methodology When Variables Are Near-Integrated
Dec 2007
The authors investigate the properties of Johansen's (1988, 1991) maximum eigenvalue and trace tests for cointegration under the empirically relevant situation of near-integrated variables. Using...
Provided by Board of Governors of the Federal Reserve System
-
White Papers
Bank Capital And Uncertainty
Sep 2010
An important role for bank capital is that of a buffer against unexpected losses. As uncertainty about these losses increases, the theory predicts an increase in the optimal level of bank capital....
Provided by International Monetary Fund
-
Podcasts
Feeling Stressed? Try These Crisis Management Tips
Feb 2009
Business managers and others dealing with stress during the economic downturn need to stop and take a deep breath. "You can have a sense of paralysis because the anxiety is so high," Thunderbird...
Provided by Thunderbird School of Global Management
-
White Papers
Quality Of Financial Sector Regulation And Supervision Around The World
Jun 2008
This paper illustrates how stress tests of banking systems may be designed to evaluate banks' reaction to shocks of increasing intensity, up to the point where regulatory norms are breached, or...
Provided by International Monetary Fund
-
White Papers
Natural Resource Endowments, Governance, And The Domestic Revenue Effort
May 2008
This paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive...
Provided by International Monetary Fund
-
White Papers
Global Business Cycles: Convergence Or Decoupling?
Apr 2008
This paper applies a simple probabilistic approach to debt sustainability analysis to the case of Lebanon. The paper derives "fan charts" to depict the probability distribution of the government...
Provided by International Monetary Fund
-
White Papers
Trade Sensitivity To Exchange Rates In The Context Of Intra-Industry Trade
Apr 2008
This paper derives risk indicators for the major Chilean banks based on contingent claims analysis, an extension of Black-Scholes-Merton option-pricing theory. These risk indicators are clearly...
Provided by International Monetary Fund
-
White Papers
Striving To Be "Clearly Open" And "Crystal Clear" : Monetary Policy Communication Of The CNB
Feb 2008
This paper proposes a new framework for the analysis of public sector debt sustainability. The framework uses concepts and methods from modern practice of contingent claims to develop a...
Provided by International Monetary Fund
-
White Papers
Issues In Central Bank Finance And Independence
Dec 2007
The authors investigate the role of financial dollarization in the determination of real interest rates in emerging economies. In a simple analytical model, they show that a strategy of...
Provided by International Monetary Fund
-
White Papers
Consistent Quantitative Operational Risk Measurement And Regulation
Nov 2007
Amid increased size and complexity of the banking industry, operational risk has a greater potential to transpire in more harmful ways than many other sources of risk. This paper provides a...
Provided by International Monetary Fund
-
White Papers
Capital Account Liberalization And Risk Management In India
Oct 2007
This paper takes a closer look at the prudential and regulatory measures needed to prepare India's financial system to manage the risks arising from fuller capital account convertibility (FCAC)....
Provided by International Monetary Fund
-
White Papers
Decomposing Financial Risks And Vulnerabilities In Eastern Europe
Oct 2007
This paper assesses how various types of financial risk such as credit risk, market risk, and liquidity risk affect banking stability in the ten countries that joined the European Union most...
Provided by International Monetary Fund
-
White Papers
Operational Risk - The Sting Is Still In The Tail But The Poison Depends On The Dose
Nov 2007
This paper investigates the generalized parametric measurement methods of aggregate operational risk in compliance with the regulatory capital standards for operational risk in the New Basel...
Provided by International Monetary Fund
-
White Papers
How Does Financial Globalization Affect Risk Sharing? Patterns And Channels
Oct 2007
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. This paper provides a comprehensive empirical evaluation of...
Provided by International Monetary Fund
-
White Papers
Vulnerabilities In Emerging Southeastern Europe - How Much Cause For Concern?
Oct 2007
While large inflows of capital into Southeastern Europe (SEE) have raised incomes, this has increased vulnerability to financial risks, which, if realized, can lead to costly adjustments....
Provided by International Monetary Fund
-
White Papers
The Determinants Of Corporate Risk In Emerging Markets: An Option-Adjusted Spread Analysis
Sep 2007
This study explores the determinants of corporate bond spreads in emerging markets economies. Using a largely unexploited dataset, the paper finds that corporate bond spreads are determined by...
Provided by International Monetary Fund
-
White Papers
Financial Globalization And Monetary Policy
Dec 2007
What does financial globalization imply for the design of monetary policy? Does the case for price stability change in an environment of large cross country gross asset holdings?. This paper is...
Provided by International Monetary Fund
-
White Papers
Volatility And Jump Risk Premia In Emerging Market Bonds
Jul 2007
There is strong evidence that interest rates and bond yield movements exhibit both stochastic volatility and unanticipated jumps. The presence of frequent jumps makes it natural to ask whether...
Provided by International Monetary Fund
-
White Papers
Superhedging And Dynamic Risk Measures Under Volatility Uncertainty
Nov 2010
The authors consider dynamic sublinear expectations (i.e., time-consistent coherent risk measures) whose scenario sets consist of singular measures corresponding to a general form of volatility...
Provided by ETH Zurich
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White Papers
Dangers Of Bilateral Counterparty Risk: The Fundamental Impact Of Closeout Conventions
Nov 2010
The authors analyze the practical consequences of the bilateral counterparty risk adjustment. They point out that past literature assumes that, at the moment of the first default, a risk-free...
Provided by Bocconi University
-
White Papers
Multidimensional Dynamic Risk Measure Via Conditional G-Expectation
Feb 2011
This paper studies multidimensional dynamic risk measure induced by conditional g-expectation. A notion of multidimensional g-expectation is proposed to provide a multidimensional version of...
Provided by Shandong University
-
White Papers
Networks Of Economic Market Interdependence And Systemic Risk
Nov 2010
The dynamic network of relationships among corporations underlies cascading economic failures including the current economic crisis, and can be inferred from correlations in market value...
Provided by NECSI
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White Papers
Risk-Neutral Pricing Of Financial Instruments In Emission Markets
Nov 2010
The authors present a novel approach to the pricing of financial instruments in emission markets, for example, the EU ETS. The proposed hybrid model is positioned between existing complex full...
Provided by Cornell University
-
White Papers
Optimal Mean-Variance Investment Strategy Under Value-At-Risk Constraints
Nov 2010
This paper is devoted to study the effects arising from imposing a Value-at-Risk (VaR) constraint in mean-variance portfolio selection problem for an investor who receives a stochastic cash flow...
Provided by Tsinghua University
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White Papers
Robust Estimation Of Operational Risk
Mar 2011
Operational risk according to Basel II (2006) covers risks of loss resulting from inadequate or failed internal processes, people or systems, or from external events. Neither is this risk new, nor...
Provided by Cornell University
-
White Papers
Marking Systemic Portfolio Risk With Application To The Correlation Skew Of Equity Baskets
Jun 2011
The downside risk of a portfolio of (equity)assets is generally substantially higher than the downside risk of its components. In particular in times of crises when assets tend to have high...
Provided by Cornell University
-
White Papers
A Mispricing Model Of Stocks Under Asymmetric Information
Jan 2011
The authors extend the theory of asymmetric information in mispricing models for stocks following geometric Brownian motion to constant relative risk averse investors. Mispricing follows a...
Provided by University of Texas at Dallas
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White Papers
Macrostate Parameter And Investment Risk Diagrams For 2008 And 2009
Dec 2010
In this paper, are made some considerations of the application of phenomenological thermodynamics in risk analysis for the transaction on financial markets, using the concept of economic entropy...
Provided by Cornell University
-
White Papers
On Utility Maximization Under Convex Portfolio Constraints
Feb 2011
The authors consider a utility-maximization problem in a general semimartingale financial market, subject to constraints on the number of shares held in each risky asset. These constraints are...
Provided by Cornell University
-
White Papers
Quantifying And Modeling Long-range Cross-correlations In Multiple Time Series With Applications To World Stock Indices
Feb 2011
The authors propose a modified time lag random matrix theory in order to study time lag cross-correlations in multiple time series. They apply the method to 48 world indices, one for each of 48...
Provided by Boston University
-
White Papers
Statistical Inference For Time-changed Brownian Motion Credit Risk Models
Feb 2011
The authors consider structural credit modeling in the important special case where the log-leverage ratio of the firm is a Time-Changed Brownian Motion (TCBM) with the time-change taken to be an...
Provided by McMaster University
-
White Papers
Dependence Of Defaults And Recoveries In Structural Credit Risk Models
Mar 2011
The current paper on credit risk is primarily focused on modeling default probabilities. Recovery rates are often treated as an afterthought; they are modeled independently, in many cases they are...
Provided by Cornell University
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White Papers
Applying Hedging Strategies To Estimate Model Risk And Provision Calculation
Feb 2011
This paper introduces a new model risk measure based on hedging strategies to estimate model risk and provision calculation under uncertainty of volatility. This measure allows comparing different...
Provided by Cornell University
-
White Papers
Analytic Loss Distributional Approach Model For Operational Risk From The Alpha-stable Doubly Stochastic Compound Processes And Implications For Capital Allocation
Feb 2011
Under the Basel II standards, the Operational Risk (OpRisk) advanced measurement approach is not prescriptive regarding the class of statistical model utilized to undertake capital estimation. It...
Provided by UNSW Faculty of Commerce and Economics
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White Papers
Transition Probability Matrix Methodology For Incremental Risk Charge
Feb 2011
As part of Basel II's Incremental Risk Charge (IRC) methodology, this paper summarizes the authors' extensive investigations of constructing Transition Probability Matrices (TPMs) for...
Provided by Cornell University
-
White Papers
A Random Matrix Approach On Credit Risk
May 2011
The authors consider a structural model for the estimation of credit risk based on Merton's original model. By using Random Matrix Theory they demonstrate analytically that the presence of...
Provided by Cornell University
-
White Papers
Portfolio Insurance Under A Risk-measure Constraint
Feb 2011
The authors study the problem of portfolio insurance from the point of view of a fund manager, who guarantees to the investor that the portfolio value at maturity will be above a fixed threshold....
Provided by Cornell University
-
White Papers
Utility Indifference Pricing: A Time Consistent Approach
Feb 2011
This paper considers the optimal portfolio selection problem in a dynamic multi-period stochastic framework with regime switching. The risk preferences are of exponential (CARA) type with an...
Provided by McMaster University
-
White Papers
Jump-diffusion Risk-sensitive Asset Management II: Jump-diffusion Factor Model
Feb 2011
In this paper, the authors extend earlier work on the jump-diffusion risk-sensitive asset management problem [SIAM J. Fin. Math. 2 (2011) 22-54] by allowing jumps in the factor process and the...
Provided by Cornell University
-
White Papers
Risk, VaR, CVaR And Their Associated Portfolio Optimizations When Asset Returns Have A Multivariate Student T Distribution
Feb 2011
The authors show how to reduce the problem of computing VaR and CVaR with Student T return distributions to evaluation of analytical functions of the moments. This allows an analysis of the risk...
Provided by Cornell University
-
White Papers
Noise, Risk Premium, And Bubble
Mar 2011
The existence of the pricing kernel is shown to imply the existence of an ambient information process that generates market filtration. This information process consists of a signal component...
Provided by Imperial College London
-
White Papers
An Empirical Analysis Of Dynamic Multiscale Hedging Using Wavelet Decomposition
Mar 2011
This paper investigates the hedging effectiveness of a dynamic moving window OLS hedging model, formed using wavelet decomposed time-series. The wavelet transform is applied to calculate the...
Provided by Cornell University
-
White Papers
Default Swap Games Driven By Spectrally Negative Levy Processes
May 2011
This paper studies the valuation of game-type Credit Default Swaps (CDSs) that allow the protection buyer and seller to raise or reduce the respective position once prior to default. This leads to...
Provided by Cornell University
-
White Papers
Dealing With The Inventory Risk
May 2011
Market makers have to continuously set bid and ask quotes for the stocks they have under consideration. Hence they face a complex optimization problem in which their return, based on the bid-ask...
Provided by Cornell University
-
White Papers
Portfolio Selection Problems In Practice: A Comparison Between Linear And Quadratic Optimization Models
Jul 2010
Several portfolio selection models take into account practical limitations on the number of assets to include and on their weights in the portfolio. The authors present here a study of the Limited...
Provided by Cornell University
-
White Papers
CRRA Utility Maximization Under Risk Constraints
Jun 2011
This paper studies the problem of optimal investment with CRRA (Constant, Relative Risk Aversion) preferences, subject to dynamic risk constraints on trading strategies. The market model...
Provided by Humboldt-Universitat zu Berlin
-
White Papers
Optimal Dividend Payments For The Piecewise-deterministic Poisson Risk Model
Jun 2011
This paper deals with optimal dividend payment problem in the general setup of a piecewise-deterministic compound Poisson risk model. The objective of an insurance business under consideration is...
Provided by Cornell University
-
White Papers
Distortion Risk Measures For Sums Of Dependent Losses
Jun 2011
The authors discuss two distinct approaches, for distorting risk measures of sums of dependent random variables, which preserve the property of coherence. The first, based on distorted...
Provided by Cornell University
-
White Papers
Has International Financial Co-movement Changed? Emerging Markets In The 2007-2009 Financial Crisis
Sep 2010
Emerging Market (EM) assets have historically been regarded as inherently risky and particularly vulnerable to international shocks that result in a general increase in investor risk perceptions....
Provided by Board of Governors of the Federal Reserve System
-
White Papers
Nonlinearities In The Oil Price-output Relationship
Jan 2011
It is customary to suggest that the asymmetry in the transmission of oil price shocks to real output is well established. Much of the empirical work cited as being in support of asymmetries,...
Provided by Board of Governors of the Federal Reserve System
-
White Papers
The Development Of Systems Of Internal Control And Risk Management In Higher Education In England: An Analysis Of Nature, Roots And Relevance
Jul 2010
It has been argued that we live in a 'Risk society' (Beck, 1992, 2004) and that we are engaged in the 'Risk management of everything' (Power, 2004). Given this all pervading presence of risk and...
Provided by University of Sydney
-
White Papers
External Risk Drivers And Risk Management Strategies In Response To Government~s Climate Change Policies
Jul 2010
The aim of this paper is to explain the external drivers of the risk exposure and risk management strategies of electricity generators in response to New Zealand Government' climate change...
Provided by Victoria University of Wellington
-
White Papers
The Roles Of Risk Management Technologies In The Public Sector
Jul 2010
Risk management technologies have become ever more ubiquitous in our societies, and propagators claim that they contribute to learning and effectiveness, which has been questioned in the audit...
Provided by University of Sydney
-
White Papers
Consumption Smoothing And Vulnerability In Russia
Jul 2007
Applying bootstrapped quantile regression to the Russian Longitudinal Monitoring Survey (RLMS) data, the authors examine the channels through which individuals experience and seek to cope with...
Provided by University of Michigan
-
White Papers
Once Bitten, Twice Shy: Experiences Of A Banking Crisis And Expectations Of Future Crises
Sep 2009
Survey data from Bulgaria show that people who had experienced a loss during a banking crisis are significantly more likely to expect a new crisis. This result holds despite 12 years between the...
Provided by University of Michigan
-
White Papers
House Prices And Risk Sharing
Aug 2010
Homeowners in the Panel Study of Income Dynamics are able to maintain a high level of consumption following job loss (or disability) in periods of rising local house prices while the consumption...
Provided by IMDEA
-
White Papers
On Rate Optimality For Ill-posed Inverse Problems In Econometrics
Sep 2007
In this paper, the authors clarify the relations between the existing sets of regularity conditions for convergence rates of NonParametric Indirect Regression (NPIR) and NonParametric Instrumental...
Provided by Yale University
-
White Papers
Leverage Causes Fat Tails And Clustered Volatility
Jan 2010
The authors build a simple model of leveraged asset purchases with margin calls. Investment funds use what is perhaps the most basic financial strategy, called "Value investing", i.e....
Provided by Yale University
-
White Papers
How To Prevent Employees From Stealing From Your Business
Mar 2010
The sad truth is that employee fraud and embezzlement events - defined as "the use of one's occupation for personal enrichment through the deliberate misuse or misapplication of the employing...
Provided by American Express
-
White Papers
Fail Forward
May 2009
As the pace of life speeds up daily, along with the pace at which we need to reinvent ourselves and our companies, adaptability becomes an increasingly valuable skill. At the same time, our desire...
Provided by American Express
-
White Papers
Finding Your Electric Hummer
Apr 2009
One of the challenges many small businesses face these days is trying to figure out what to focus on. There's never a shortage of ideas, but these days, resources can be somewhat constrained - and...
Provided by American Express
-
White Papers
8 Ways To Shield Your Business From Hackers
Feb 2010
With 85% of data breach occurring at the small business level, business owners need to secure online banking and data stringently. Most of the people are aware of the need to take sensible...
Provided by American Express
-
Whitepapers
Addressing IT governance, risk and compliance (GRC) to meet regulatory requirements and reduce operational risk in financial services organizations
Aug 2010
Effective IT governance, risk and compliance (GRC) is essential for financial services organizations to meet increasingly stringent regulatory and audit requirements and reduce business...
Provided by IBM
-
Whitepapers
Establish operational resilience across your financial institution with change management tools from IBM
Aug 2010
More than ever before, banks need sophisticated tools in place to help them gain insight into their infrastructure. Tivoli change management software offers powerful capabilities to help...
Provided by IBM
-
White Papers
Risk Management 101 For Small Business Owners
Sep 2010
Risk is an inherent part of being in business. It can be managed and its adverse outcomes can be mitigated. The greatest challenge for small business owners is to find the proper balance between...
Provided by American Express
-
Whitepapers
User Experience Management: Is it Right for You?
Sep 2010
Your business as a whole and your specific IT group count on user experience management (UEM) to deliver the best web app user experience possible. However, both groups look at the UEM...
Provided by Quest Software, now a part of Dell
-
White Papers
Nested Simulation In Portfolio Risk Measurement
Apr 2008
Risk measurement for derivative portfolios almost invariably calls for nested simulation. In outer step one draws realizations of all risk factors up to horizon, and in inner step one re-prices...
Provided by Federal Reserve Board
-
Whitepapers
BlueLock underpins its cloud computing hosting services with best-in-class security.
Sep 2010
BlueLock, an infrastructure hosting company, needed to establish a more flexible security platform to adapt to the needs of a cloud computing environment. BlueLock's customers need flexibility,...
Provided by IBM
-
Whitepapers
Ecomanage Network Corporation develops a service offering for manufacturers to fully manage wastes and meet disposal regulations
Sep 2010
Japan's Waste Disposal and Public Cleaning Law requires that a business entity producing industrial wastes needs to confirm the final disposal of everything produced. This requires implementation...
Provided by IBM
-
White Papers
Journal of Management Excellence - Organizing for Management Excellence(Part II)
Nov 2010
How can IT help businesses succeed? Change management. Business intelligence. IT/business alignment for management excellence. Enterprise performance management. Master data management....
Provided by Oracle
-
White Papers
Delivering Enterprise Value with Oracle Governance, Risk & Compliance
Feb 2010
Organizations spend more money on risk management and compliance than they should, largely due to inefficiency. In a complex and changing business environment, manually managed and fragmented risk...
Provided by Oracle
-
White Papers
Balance Risks to Improve Performance
Feb 2010
A white paper on how the Oracle Enterprise Governance, Risk, and Compliance (GRC) Applications Suite can help present a unified view of risks across an organization and build lasting risk...
Provided by Oracle
-
White Papers
Testing For Cointegration Using The Johansen Methodology When Variables Are Near-Integrated
Dec 2007
The authors investigate the properties of Johansen's (1988, 1991) maximum eigenvalue and trace tests for cointegration under the empirically relevant situation of near-integrated variables. Using...
Provided by Board of Governors of the Federal Reserve System
-
White Papers
Bank Capital And Uncertainty
Sep 2010
An important role for bank capital is that of a buffer against unexpected losses. As uncertainty about these losses increases, the theory predicts an increase in the optimal level of bank capital....
Provided by International Monetary Fund
-
Podcasts
Feeling Stressed? Try These Crisis Management Tips
Feb 2009
Business managers and others dealing with stress during the economic downturn need to stop and take a deep breath. "You can have a sense of paralysis because the anxiety is so high," Thunderbird...
Provided by Thunderbird School of Global Management
-
White Papers
Quality Of Financial Sector Regulation And Supervision Around The World
Jun 2008
This paper illustrates how stress tests of banking systems may be designed to evaluate banks' reaction to shocks of increasing intensity, up to the point where regulatory norms are breached, or...
Provided by International Monetary Fund
-
White Papers
Natural Resource Endowments, Governance, And The Domestic Revenue Effort
May 2008
This paper documents the evolution of measures of financial integration for major advanced and emerging markets economies, assesses whether advances in integration have had a significant positive...
Provided by International Monetary Fund
-
White Papers
Global Business Cycles: Convergence Or Decoupling?
Apr 2008
This paper applies a simple probabilistic approach to debt sustainability analysis to the case of Lebanon. The paper derives "fan charts" to depict the probability distribution of the government...
Provided by International Monetary Fund
-
White Papers
Trade Sensitivity To Exchange Rates In The Context Of Intra-Industry Trade
Apr 2008
This paper derives risk indicators for the major Chilean banks based on contingent claims analysis, an extension of Black-Scholes-Merton option-pricing theory. These risk indicators are clearly...
Provided by International Monetary Fund
-
White Papers
Striving To Be "Clearly Open" And "Crystal Clear" : Monetary Policy Communication Of The CNB
Feb 2008
This paper proposes a new framework for the analysis of public sector debt sustainability. The framework uses concepts and methods from modern practice of contingent claims to develop a...
Provided by International Monetary Fund
-
White Papers
Issues In Central Bank Finance And Independence
Dec 2007
The authors investigate the role of financial dollarization in the determination of real interest rates in emerging economies. In a simple analytical model, they show that a strategy of...
Provided by International Monetary Fund
-
White Papers
Consistent Quantitative Operational Risk Measurement And Regulation
Nov 2007
Amid increased size and complexity of the banking industry, operational risk has a greater potential to transpire in more harmful ways than many other sources of risk. This paper provides a...
Provided by International Monetary Fund
-
White Papers
Capital Account Liberalization And Risk Management In India
Oct 2007
This paper takes a closer look at the prudential and regulatory measures needed to prepare India's financial system to manage the risks arising from fuller capital account convertibility (FCAC)....
Provided by International Monetary Fund
-
White Papers
Decomposing Financial Risks And Vulnerabilities In Eastern Europe
Oct 2007
This paper assesses how various types of financial risk such as credit risk, market risk, and liquidity risk affect banking stability in the ten countries that joined the European Union most...
Provided by International Monetary Fund
-
White Papers
Operational Risk - The Sting Is Still In The Tail But The Poison Depends On The Dose
Nov 2007
This paper investigates the generalized parametric measurement methods of aggregate operational risk in compliance with the regulatory capital standards for operational risk in the New Basel...
Provided by International Monetary Fund
-
White Papers
How Does Financial Globalization Affect Risk Sharing? Patterns And Channels
Oct 2007
In theory, one of the main benefits of financial globalization is that it should allow for more efficient international risk sharing. This paper provides a comprehensive empirical evaluation of...
Provided by International Monetary Fund
-
White Papers
Vulnerabilities In Emerging Southeastern Europe - How Much Cause For Concern?
Oct 2007
While large inflows of capital into Southeastern Europe (SEE) have raised incomes, this has increased vulnerability to financial risks, which, if realized, can lead to costly adjustments....
Provided by International Monetary Fund
-
White Papers
The Determinants Of Corporate Risk In Emerging Markets: An Option-Adjusted Spread Analysis
Sep 2007
This study explores the determinants of corporate bond spreads in emerging markets economies. Using a largely unexploited dataset, the paper finds that corporate bond spreads are determined by...
Provided by International Monetary Fund
-
White Papers
Financial Globalization And Monetary Policy
Dec 2007
What does financial globalization imply for the design of monetary policy? Does the case for price stability change in an environment of large cross country gross asset holdings?. This paper is...
Provided by International Monetary Fund
-
White Papers
Volatility And Jump Risk Premia In Emerging Market Bonds
Jul 2007
There is strong evidence that interest rates and bond yield movements exhibit both stochastic volatility and unanticipated jumps. The presence of frequent jumps makes it natural to ask whether...
Provided by International Monetary Fund
-
Podcasts
Risky Business: Analysis From An Engineering Perspective
Jan 2010
Don't set sail without thinking first: this sage advice sums up risk analysis for Elisabeth Paté-Cornell, department chair of Management Science and Engineering at Stanford University. She...
Provided by Stanford University
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White Papers
Kellogg Professor Wins Smith Breeden Prize
Jan 2009
Arvind Krishnamurthy, the Harold Stuart Professor of Finance, has received one of the finance field's top honors: the first-place 2008 Smith Breeden Prize. The prestigious prize is bestowed...
Provided by Northwestern University (Kellogg)
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White Papers
Too Easy To Fall Off The Mountain, Say Experts At Kellogg Risk Summit
Nov 2008
In finance, risk is intimately related to reward, but lately too many investors and executives tended to downplay the downside of making a business gamble. That was one insight that emerged during...
Provided by Northwestern University (Kellogg)
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White Papers
Zell Center Guest Thomas Zelibor: Risk Can Be Positive
Apr 2008
Mention "risk" and many hastily associate it with a negative conclusion. But its meaning, as pointed out by retired Navy Admiral Thomas E. Zelibor, is neutral. "It's typically defined as the...
Provided by Northwestern University (Kellogg)
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White Papers
Flexibility: The Key To A Better Financial System
Oct 2009
Debt is like a cancer, Nobel Laureate Myron Scholes says. "You have to proactively do something to reduce it." "Someone need to think about creating a new, more dynamic accounting system? and new...
Provided by Northwestern University (Kellogg)
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Webcasts
Cost Differentiation Of A Start-Up
May 2008
Less contingency planning, a smaller team, shorter spells of tinkering and perfectionism... Partner at KPCB Beth Seidenberg analyzes the differences in efficiencies between the corporate world and...
Provided by Stanford University
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White Papers
State Pension Funds Headed For Crisis Of National Proportions
May 2010
Taxpayers, public workers and state and federal officials alike have cause for serious concern about an issue that often falls under the radar but poses serious risk to the future health of the...
Provided by Northwestern University (Kellogg)
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White Papers
Portfolio Risk Analysis
Mar 2010
In the investment world, timing is everything. You want to buy assets low before the rest of the world figures out that those assets are cheap, and sell them for a premium before the market...
Provided by Northwestern University (Kellogg)
