Risk Modelling and Management: An Overview

The papers in this special issue of Mathematics and Computers in Simulation are substantially revised versions of the papers that were presented at the 2011 Madrid International Conference on “Risk Modelling and Management” (RMM2011). The papers cover the following topics: currency hedging strategie...

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Detalhes bibliográficos
Autores: Chang, Chia-Lin, Allen, David E., McAleer, Michael, Pérez Amaral, Teodosio
Formato: informe técnico
Fecha de publicación:2013
País:España
Recursos:Universidad Complutense de Madrid (UCM)
Repositorio:Docta Complutense
Idioma:inglés
OAI Identifier:oai:docta.ucm.es:20.500.14352/41490
Acesso em linha:https://hdl.handle.net/20.500.14352/41490
Access Level:acceso abierto
Palavra-chave:C14
C32
C53
C58
G11
G32
Currency hedging strategies
Basel Accord
Risk management
Forecasting
VIX futures
Fast clustering
Mixture models
extreme value methodologies
Volatility spillovers
Value-at-Risk
Country risk ratings
BRICS
Extreme market risk.
Econometría (Economía)
5302 Econometría
Descrição
Resumo:The papers in this special issue of Mathematics and Computers in Simulation are substantially revised versions of the papers that were presented at the 2011 Madrid International Conference on “Risk Modelling and Management” (RMM2011). The papers cover the following topics: currency hedging strategies using dynamic multivariate GARCH, risk management of risk under the Basel Accord: A Bayesian approach to forecasting value-at-risk of VIX futures, fast clustering of GARCH processes via Gaussian mixture models, GFC-robust risk management under the Basel Accord using extreme value methodologies, volatility spillovers from the Chinese stock market to economic neighbours, a detailed comparison of Value-at-Risk estimates, the dynamics of BRICS's country risk ratings and domestic stock markets, U.S. stock market and oil price, forecasting value-at-risk with a duration-based POT method, and extreme market risk and extreme value theory.