Quantifying Risks to Sovereign Market Access: Methods and Challenges

Market Efficiencies and Market Risks

In recent years numerous papers constructed or simulated financial markets at an agent level, aiming to explain the non-stationarity of price processes. All such papers agree that the heterogeneity of agents and of pricing models creates a dynamics in terms of pricing models used that explains not only the non-stationarity of price processes, but also stylised facts such as bubbles and fat tail...

specialized methods to teach spelling: comparing three methods

چکیده: بررسی ادبیات مربوطه در کشور در زمینه یادگیری زبان انگلیسی نشان می‎دهد که علی‎رغم اهمیت املا در فرآیند یادگیری به طور عام و یادگیری زبان انگلیسی به طور خاص، این مولفه از جایگاهی متناسب با اهمیت آن برخوردار نیست و عمدتاً نادیده گرفته شده است. تحقیقات گسترده‎ای در خارج از کشور در مورد ماهیت این مولفه صورت گرفته است، در حالی که به جرأت می‎توان گفت در داخل کشور گامی در مورد درک ماهیت آن و فرآی...

Market Access of Atmps: Overview and Expected Challenges.

A Structural Approach to Estimate Market-Assessed Sovereign Credit Risk

This paper explores the economic determinants of market-assessed sovereign risk of members of the European monetary union. The Merton structural model provides a theoretical background and we make use of publicly available government financial statistics as well as national stock market volatility. We show a high degree of association between our modelled spreads and credit default swap spreads...

Estimation of capital requirements in the Iranian banking system To deal with market and credit risks

Each financial institution faces different types of risks, with three of the most important risks in the banking system being credit, market and operational risks. In order to manage risk, sufficient capital must be allocated. One of the common ways to calculate the capital needed to deal with these risks is to calculate the capital proportional to each risk and then the algebraic sum to obtain...