Ebook: Financial Risk and Derivatives: A Special Issue of the Geneva Papers on Risk and Insurance Theory

Financial Risk and Derivatives provides an excellent illustration of the links that have developed in recent years between the theory of finance on one hand and insurance economics and actuarial science on the other. Advances in contingent claims analysis and developments in the academic and practical literature dealing with the management of financial risks reflect the close relationships between insurance and innovations in finance.
The book represents an overview of the present state of the art in theoretical research dealing with financial issues of significance for insurance science. It will hopefully provide an impetus to further developments in applied insurance research.

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Financial Risk and Derivatives provides an excellent illustration of the links that have developed in recent years between the theory of finance on one hand and insurance economics and actuarial science on the other. Advances in contingent claims analysis and developments in the academic and practical literature dealing with the management of financial risks reflect the close relationships between insurance and innovations in finance.
The book represents an overview of the present state of the art in theoretical research dealing with financial issues of significance for insurance science. It will hopefully provide an impetus to further developments in applied insurance research.

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Financial Risk and Derivatives provides an excellent illustration of the links that have developed in recent years between the theory of finance on one hand and insurance economics and actuarial science on the other. Advances in contingent claims analysis and developments in the academic and practical literature dealing with the management of financial risks reflect the close relationships between insurance and innovations in finance.
The book represents an overview of the present state of the art in theoretical research dealing with financial issues of significance for insurance science. It will hopefully provide an impetus to further developments in applied insurance research.
Content:
Front Matter....Pages 1-4
Introductory Note....Pages 5-6
The Term Structure of Interest Rates: Alternative Approaches and Their Implications for the Valuation of Contingent Claims....Pages 7-28
Some Remarks on Modeling the Term Structure of Interest Rates....Pages 29-33
Exotic Unit-Linked Life Insurance Contracts....Pages 35-63
Uniqueness of the Fair Premium for Equity-Linked Life Insurance Contracts....Pages 65-102
Optimal Dynamic Hedging in Incomplete Futures Markets....Pages 103-122
Fairly Priced Deposit Insurance, Incentive Compatible Regulations, and Bank Asset Choices....Pages 123-141

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Financial Risk and Derivatives provides an excellent illustration of the links that have developed in recent years between the theory of finance on one hand and insurance economics and actuarial science on the other. Advances in contingent claims analysis and developments in the academic and practical literature dealing with the management of financial risks reflect the close relationships between insurance and innovations in finance.
The book represents an overview of the present state of the art in theoretical research dealing with financial issues of significance for insurance science. It will hopefully provide an impetus to further developments in applied insurance research.
Content:
Front Matter....Pages 1-4
Introductory Note....Pages 5-6
The Term Structure of Interest Rates: Alternative Approaches and Their Implications for the Valuation of Contingent Claims....Pages 7-28
Some Remarks on Modeling the Term Structure of Interest Rates....Pages 29-33
Exotic Unit-Linked Life Insurance Contracts....Pages 35-63
Uniqueness of the Fair Premium for Equity-Linked Life Insurance Contracts....Pages 65-102
Optimal Dynamic Hedging in Incomplete Futures Markets....Pages 103-122
Fairly Priced Deposit Insurance, Incentive Compatible Regulations, and Bank Asset Choices....Pages 123-141
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