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Prosperity at Risk: Findings of Harvard Business School's Survey on U.S. Competitiveness
Trade International Relations Competition United States
2015/5/12
Prosperity at Risk: Findings of Harvard Business School's Survey on U.S. Competitiveness.
Systemic Risk and the Refinancing Ratchet Effect
Equity Mortgages Interest Rates Price Housing Risk and Uncertainty United States
2015/4/22
The confluence of three trends in the U.S. residential housing market-rising home prices, declining interest rates, and near-frictionless refinancing opportunities-led to vastly increased systemic ris...
Shortfall Risk Approximations for American Options in the multidimensional Black--Scholes Model
Shortfall Risk Approximations American Options multidimensional Black--Scholes Model
2010/10/19
We show that shortfall risks of American options in a sequence of multinomial approximations of the multidimensional Black--Scholes (BS) market converge to the corresponding quantities for similar Ame...