The assessment of large compounds of independent gambles

Article Abstract:

It is demonstrated that the assessment of large compounds of independent gambles may be driven by the means. It is also shown that restrictive risk preferences at large wealth levels may be presumed in max-expected-log policies in multiperiod portfolio choice problems with distant time horizons. The analysis can be applied to an alternative explanation to the risk neutrality assumption in banking and insurance.

Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, Banking industry, Banks (Finance), Games, Gambling systems

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Smoothing sudden stops

Article Abstract:

The central role played by the limited development of ex ante and ex post domestic financial markets in generating the collective undervaluation of international resources is described. Two sets of solutions that require government intervention such as capital flows taxation or mandated international liquidity requirements and sterilization of capital inflows are explored.

Public Finance Activities, Forecasts, trends, outlooks, Tax Administration, Analysis, Forecasts and trends, Tax administration and procedure, Market trend/market analysis, Financial markets, Capital movements

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Collateral constraints and the amplification mechanism

Article Abstract:

The author proses that the value of collateral restrains the ability to hedge.

Science & research, Interest Rates, Hedging (Finance), Liquidity (Finance), Credit market, Credit markets

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