Ramping tricks of trade-based stock manipulation have evolved greatly in the fight with stricter market regulation, and can be extremely complicated nowadays. Despite the rigidity and soundness, theoretical models proposed in extant literature can hardly be applied directly to real market data,...

The co-movement in the international inflation rates, among others, may be produced by common shocks, similarities in central bank reaction functions, international trade and the operation of purchasing power parity theory. However, to assess the synchronization of inflation fluctuations across...

Mastering the underlying characteristics of carbon price changes can help governments formulate correct policies to keep efficient operation of carbon markets, and investors take effective measures to evade their investment risks. Empirical mode decomposition (EMD), a self-adaption data analysis...

This paper proposes an option-based portfolio insurance method for international foreign exchange risk hedging. Each investor is assumed to maximize the expected utility of his/her portfolio which includes international risky assets and foreign currency index derivatives. The optimal investment...

Our proposed prediction and learning method is a hybrid referred to as MKL-GA, which combines multiple kernel learning (MKL) for regression (MKR) and a genetic algorithm (GA) to construct the trading rules. In this study, we demonstrate that the evaluation criteria used to examine the...

This paper shows that signal restoration methodology is appropriate for predicting the equilibrium state of certain economic systems. A formal justification for this is provided by proving the existence of finite improvement paths in object allocation problems under weak assumptions on...

Negishi’s remarkable youthful contribution to welfare economics, general equilibrium theory and, with the benefit of hindsight, also to one strand of computable general equilibrium theory, all within the span of six pages in one article, has become one of the modern classics of general...

In this paper we consider a Markov-modulated dual risk reserve process with a multi-threshold dividend strategy. We study the risk reserve process that can start at any level of the threshold. An integral equation for the conditional non-ruin probability is obtained. Further in two states, we...

This paper studies the effect of the economic crisis in the unemployment of Greece compared with the unemployment of EU17 (countries that have adopted the Euro as their official currency) through a quantitative approach. Specifically, the hysteresis of the unemployment rate was examined before...

The purpose of the paper is to present a real option valuation (ROV) model that will help to measure the value of managerial flexibility. The value of managerial flexibility appears to play a pivotal role nowadays, given the transition nature of Latvian economy. There are few academic works on...