For the first time, an extreme value analysis is provided for financial data from Africa. The results of analysis show evidence of emerging economies in Africa. Copyright Springer Science+Business Media Dordrecht 2014

The English Premier League is often quoted as being the ‘best football league in the world’, a mix of British born and international stars showing off their skills almost every week. With around 25 % of Premier League players being from ethnic minority backgrounds, it is arguably one of the...

Papastathopoulos and Tawn [Papastathopoulos, I., Tawn, J.A., 2013. A generalized Student’s t-distribution. Statistics & Probability Letters 83, 70–77] proposed a generalization of Student’s t distribution to account for negative degrees of freedom. Here, an alternative distribution that...

Introduced in the 1980s, value at risk has been a popular measure of financial risk. However, value at risk suffers from a number of drawbacks as measure of financial risk. An alternative measure referred to as <italic>expected shortfall</italic> was introduced in late 1990s to circumvent these drawbacks. Much...