Technical paper
The liquidity puzzle
Liquidity
Bound to rebalance
Investment management
Stress tests and risk capital
For many financial institutions, "stress tests" are an important input into processes that set risk capital allocations. In the current regulatory environment, two distinct model-based approaches for setting regulatory capital requirements include stress…
Pricing the weather
Weather derivatives
Beyond the lognormal
Value-at-risk
The pitfalls of VAR estimates
Value-at-risk
HJM with multiples
Term structure of credit
Great realisations
Volatility estimation