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Ináation expectations have recently received increased interest because of the uncertainty created by the Federal Reserveís unprecedented reaction to the Great Recession.The effect of this reaction on...
Any complex technological system can be decomposed into a number of subsystems and associated components, some of which are core to system function while others are only peripheral. The dynamics of ho...
We study the impact of skilled immigrants on the employment structures of U.S. firms using matched employer-employee data. Unlike most previous work, we use the firm as the lens of analysis to account...
A quantitative analysis of the basic components of the daily DJIA. The parameters of the underlying Lorentzian states are obtained by fitting the data. Statistical properties of the states are discuss...
The paper analyzes the development of the value, commodity and territorial structure and competitiveness of agricultural trade of the countries of the Visegrad Group in 1993–2008. Over the years, ther...
In this update to "Credit Card Structures and Their Ability to Weather Hard Times" published in the Spring 2008 issue of The Journal of Structured Finance, the author notes that the "hard times" refer...
This article looks at the types of risks that may be associated with complex financial groups and then sifts through the weight of the evidence in favour of and against, the various alternatives used ...
Certainly, professionals have some reasons to muzz customers of stock strategies. The more complicated system brings more difficult formalization of description space and laws of system evolution. A...
Ensuring sufficient liquidity is one of the key challenges for designers of prediction markets. Various market making algorithms have been proposed in the literature and deployed in practice, but the...
We give a comprehensive review of credit term structure modeling methodologies. The conventional approach to modeling credit term struc-ture is summarized and shown to be equivalent to a particular ty...
Stackelberg models for hierarchical oligopolistic markets with a homogenous product were studied by researchers extensively. The goal of this paper is to extend the classical solution in closed form ...
A risk-programming model was developed to evaluate the tradeoffs between risk and expected returns for farms along the Kızılırmak River in North Central Anatolia. Risk efficient farm st...
In the third part of this series we introduce consistent relative value measures for CDS-Bond basis trades using the bond-implied CDS term structure derived from fitted survival rate curves. We expl...
In the second part of our series we suggest new definitions of credit bond duration and convexity that remain consistent across all levels of credit quality including deeply distressed bonds and intr...

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