In this paper we present an integral equation approach for the valuation of American-style installment derivatives when the premium payments, made continuously throughout the contract’s life, are assumed to be a function of the asset price and time. The contribution of this study is...

Purpose – This editorial, the second of a two‐part series, proposes a new measure of risk for analyzing highly non‐normal (i.e. asymmetric and long‐tailed) random variables in the context of both investment and insurance portfolios. The proposed measure replaces the p ‐norm‐based...

Purpose – This editorial, the second of a two-part series, proposes a new measure of risk for analyzing highly non-normal (i.e. asymmetric and long-tailed) random variables in the context of both investment and insurance portfolios. The proposed measure replaces the p-norm-based definition of...

Introduces the use of account activity relative to client peer groups as a means of identifying unusual behaviour, as part of money laundering detection; assumptions can be made about what constitutes normal transactional behaviour for an individual, so that deviations from this can generate...

This paper tries to reconcile growth and geographical economics by dealing directly with capital accumulation through time and space and by seeing growth convergence and spatial agglomeration as jointly generated by dynamic processes displaying pattern formation. It presents a centralized...

This paper sets forth some of the salient results in the algebra of circulant matrices which can be used in time-series analysis. It provides easy derivations of some results that are central to the analysis of statistical periodograms and empirical spectral density functions. A statistical test...