Diversification and portfolio theory: a review

GB Koumou - Financial Markets and Portfolio Management, 2020‏ - Springer
Diversification is one of the major components of investment decision-making under risk or
uncertainty. However, paradoxically, as the 2007–2009 financial crisis revealed, the concept …

[كتاب][B] Actuarial theory for dependent risks: measures, orders and models

M Denuit, J Dhaene, M Goovaerts, R Kaas - 2006‏ - books.google.com
The increasing complexity of insurance and reinsurance products has seen a growing
interest amongst actuaries in the modelling of dependent risks. For efficient risk …

Goodness‐of‐fit procedures for copula models based on the probability integral transformation

C Genest, JF Quessy… - Scandinavian Journal of …, 2006‏ - Wiley Online Library
Wang & Wells [J. Amer. Statist. Assoc. 95 (2000) 62] describe a non‐parametric approach for
checking whether the dependence structure of a random sample of censored bivariate data …

[كتاب][B] Extreme financial risks: From dependence to risk management

Y Malevergne, D Sornette - 2006‏ - books.google.com
Portfolio analysis and optimization, together with the associated risk assessment and
management, require knowledge of the likely distributions of returns at different time scales …

The Euro and European financial market dependence

SM Bartram, SJ Taylor, YH Wang - Journal of Banking & Finance, 2007‏ - Elsevier
A time-varying copula model is used to investigate the impact of the introduction of the Euro
on the dependence between 17 European stock markets during the period 1994–2003. The …

Modelling sample selection using Archimedean copulas

MD Smith - The Econometrics Journal, 2003‏ - academic.oup.com
By a theorem due to Sklar, a multivariate distribution can be represented in terms of its
underlying margins by binding them together using a copula function. By exploiting this …

On the structure and estimation of hierarchical Archimedean copulas

O Okhrin, Y Okhrin, W Schmid - Journal of Econometrics, 2013‏ - Elsevier
In this paper we provide a method for estimating multivariate distributions defined through
hierarchical Archimedean copulas. In general, the true structure of the hierarchy is unknown …

Archimedean copulae and positive dependence

A Müller, M Scarsini - Journal of Multivariate Analysis, 2005‏ - Elsevier
In this paper, we consider different issues related to Archimedean copulae and positive
dependence. In the first part, we characterize Archimedean copulae that possess positive …

[كتاب][B] Applied quantitative finance

WK Härdle, CYH Chen, L Overbeck - 2017‏ - Springer
Applied quantitative finance Statistics and Computing Wolfgang Karl Härdle Cathy Yi-Hsuan
Chen Ludger Overbeck Editors Applied Quantitative Finance Third Edition Page 2 Statistics …

Copula modeling from Abe Sklar to the present day

C Genest, O Okhrin, T Bodnar - Journal of Multivariate Analysis, 2024‏ - Elsevier
Copula modeling from Abe Sklar to the present day - ScienceDirect Skip to main contentSkip
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