Mahanama, Thilini; Shirvani, Abootaleb; Račev, Svetlozar T. - In: Journal of risk and financial management : JRFM 14 (2021) 7, pp. 1-16
Despite the potential importance of crime rates in investments, there are no indices dedicated to evaluating the … financial impact of crime in the United States. As such, this paper presents an index-based insurance portfolio for crime in the … is to introduce new risk hedging financial contracts for crime, consistent with dynamic asset pricing. Underlying the …