An Asian Poverty Line? Issues and Options

Trade Liberalization and Poverty in Asia: Issues and Policy Options

Comments by Richard Pomfret are gratefully acknowledged. The usual disclaimer applies. The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of the Asian Development Bank (ADB) or its Board of Directors or the governments they represent.

Regional trends, issues and practices in urban poverty reduction Social Protection in Asian Cities Regional Trends, Issues and Practices in Urban Poverty Reduction Social Protection in Asian Cities

Asian options and stochastic volatility

In modern asset price models, stochastic volatility plays a crucial role in order to explain several stylized facts of returns. Recently, [3] introduced a class of stochastic volatility models (so called BNS SV model) based on superposition of Ornstein-Uhlenbeck processes driven by subordinators. The BNS SV model forms a flexible class, where one can easily explain heavy-tails and skewness in r...

Review of the Poverty Reduction and Growth Facility: Issues and Options -- February 14, 2002

Conditional Asian Options

Conditional Asian options are recent market innovations, which offer cheaper and long-dated alternatives to regular Asian options. In contrast with payoffs from regular Asian options which are based on average asset prices, the payoffs from conditional Asian options are determined only by average prices above certain threshold. Due to the limited inclusion of prices, conditional Asian options f...