As past research suggest, currency exposure risk is a main source of overall risk of international diversified portfolios. Thus, controlling the currency risk is an important instrument for controlling and improving investment performance of international investments. This study examines the...

As past research suggest, currency exposure risk is a main source of overall risk of international diversified portfolios. Thus, controlling the currency risk is an important instrument for controlling and improving investment performance of international investments. This study examines the...

As past researches suggest, currency exposure risk is a main source of the overall risk in the international diversified portfolios. Therefore, controlling the currency risk becomes an important task in order to improve the performance of international investments. This study examines the...

The portfolio decision problem for global investments involves a joint choice over the financial assets and currencies. This paper investigates currency risk hedging when the volatilities and the correlations of forward currency contracts with the financial assets, are all time-varying. In order...

Vorliegendes Arbeitspapier bringt neue Aspekte in die Diskussion des Zeitraums von Kapitalanlagen ein.

Der Cost Average-Effekt gehört gewissermaßen zum Investment-Basiswissen ...

The present paper considers a retiree of a certain age who is endowed with a certain amount of wealth and is facing alternative investment opportunities. One possibility is to buy a single premium immediate (participating) annuity-contract....

Kahneman/Tversky 1979 haben das theoretische Konstrukt der Probabilistic Insurance Kontrakte in die Literatur eingeführt. Hiermit werden Versicherungsverträge bezeichnet, deren Erfüllung imLeistungsfalle aufgrund einer möglichen Insolvenz des Versicherungsunternehmens nicht gewährleistet...