1.

Record Nr.

UNINA9910796797603321

Titolo

Creation ex nihilo [[electronic resource] ] : Origins, Development, Contemporary Challenges / / edited by Gary A. Anderson and Markus Bockmuehl

Pubbl/distr/stampa

Notre Dame, Indiana, : University of Notre Dame Press, [2018]

ISBN

0-268-10256-2

0-268-10255-4

Descrizione fisica

1 online resource (431 pages)

Disciplina

231.7/65

Soggetti

Evolution - Religious aspects - Christianity - History

Creationism - History of doctrines

Creation - History of doctrines

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Includes indexes.



2.

Record Nr.

UNIORUON00274521

Autore

BIKELAS, Demetrios

Titolo

Loukes Laras / Demetriou Bikela ; epim. Alekou Papageorgiou

Pubbl/distr/stampa

Athena, : Gregore, [s.d.]

Descrizione fisica

124 p. ; 19 cm.

Disciplina

889

Lingua di pubblicazione

Greco Moderno

Formato

Materiale a stampa

Livello bibliografico

Monografia

3.

Record Nr.

UNINA9910969923403321

Autore

Papaioannou Michael

Titolo

A Primer for Risk Measurement of Bonded Debt from the Perspective of a Sovereign Debt Manager / / Michael Papaioannou

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2006

ISBN

9786613821300

9781462312467

1462312462

9781452719870

145271987X

9781282448117

1282448110

9781451991970

1451991975

Edizione

[1st ed.]

Descrizione fisica

1 online resource (49 p.)

Collana

IMF Working Papers

Soggetti

Risk - Econometric models

Interest rates - Econometric models

Credit - Econometric models

Liquidity (Economics) - Econometric models

Government securities - Econometric models

Debts, Public - Econometric models

Banks and Banking

Bonds

Capital and Ownership Structure



Credit risk

Exchange rate risk

Financial Risk and Risk Management

Financial risk management

Financial services law & regulation

Financing Policy

General Financial Markets: General (includes Measurement and Data)

Goodwill

Investment & securities

Investments: Bonds

Liquidity risk

Market risk

Value of Firms

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

"August 2006."

Nota di bibliografia

Includes bibliographical references (p. 45-47).

Nota di contenuto

""Contents""; ""I. INTRODUCTION""; ""II. MEASUREMENT OF MARKET RISK""; ""III. MEASUREMENT OF CREDIT RISK""; ""IV. MEASUREMENT OF LIQUIDITY RISK""; ""V. AN INTEGRATED APPROACH TO RISK SENSITIVITY FOR A SECURITY WITH N RISK FACTORS""; ""VI. AN INTEGRATED APPROACH TO RISK SENSITIVITY FOR A PORTFOLIO WITH N RISK FACTORS""; ""VII. EPILOGUE""; ""YIELD DEFINITIONS""; ""THE VALUE-AT-RISK (VAR) METHODOLOGY""; ""REFERENCES""

Sommario/riassunto

This paper presents some conventional and new measures of market, credit, and liquidity risks for government bonds. These measures are analyzed from the perspective of a sovereign's debt manager. In particular, it examines duration, convexity, M-square, skewness, kurtosis, and VaR statistics as measures of interest rate exposure; a VaR statistic as the prominent measure of exchange rate exposure; the balance sheet approach (or contingent claims approach), and its consequent probability of default as the most promising measure of credit risk exposure; and an elasticity approach and a VaR statistic to measure liquidity risk. Along with the formulas for the various statistics proposed, we provide simple examples of their application to some common risk valuation cases. Finally, we present an integrated approach for the simultaneous estimation of a portfolio's interest rate and exchange rate risk using the VaR methodology. The integrated approach is then extended to also include N risk factors. This approach allows us to measure the total risk of a portfolio, provided that the volatilities and correlations among the risk factors can be estimated.