As an asset is traded at fair value, its varying price trace an interesting trajectory reflecting in a general way the asset’s value and underlying economic activities. These trajectory exhibit jumps, clustering and a host of other properties not usually captured by Gaussian based models. Levy...

The purpose of this note is three folds. First, we review Levy processes and analyse jumps. Second, we correct mistakes relating to terminology and analysis of results in Teneng [7]. Third, we extend results by showing returns of companies trading on Tallinn Stock Exchange between 01 January...

The US Basel III Final Rule was issued by the Banking Agencies (Fed, OCC and FDIC) in July 2013. The Rule implements the international Basel III framework defined by the Basel Committee on Banking Supervision and represents a major overhaul of the US banks' capital requirements, since the...