• It is not widely emphasized in the literature that derivatives are complex random quantities which should, by custom, be characterized by their probability density functions. • It is understood that Black-Scholes style of derivatives pricing represents an expected value, i.e. the...

Uniswap is a decentralized exchange (DEX) and was first launched on November 2, 2018 on the Ethereum mainnet [1] and is part of an Ecosystem of products in Decentralized Finance (DeFi). It replaces a traditional order book type of trading common on centralized exchanges (CEX) with a...

By now, almost every business has an internet presence, and is likely engaged in e-commerce. What are the major risks perceived by those engaged in e-commerce and electronic payment systems? What potential risks, if they become reality, may cause substantial increases in operating costs or...

The Netherlands is a global reference for flood risk management. This reputation is based on a mix of world-class civil engineering projects and innovative concepts of water governance. For more than a century, cost-benefit analysis has been an important tool for both flood risk management as...

This paper investigates one main of credit derivatives instruments, known as credit default swaps. CDS is very popular instruments in the credit market which is trading by governments, firms, investors. Credit default swaps, is contracted between two parties for a one party payment small amount...

End of the second millennium has brought mankind a new problem that of globalization. In evolution, the world economy has led increased economic interdependencies, the development of an international savings will be possible only in direct contact and diverse with economic material flows,...

This paper indicates the role of current assets in risk management. The aim is to underline the importance of shaping the structure of current assets as a way of enterprise value management and risk reduction

W raporcie zostały omówione strategie zarządzania ryzykiem w tworzeniu wartości. Przeanalizowane obliczenia dotyczące strategii finansowania aktywów bieżących, inwestowania w aktywa bieżące, zarządzania kapitałem obrotowym netto oraz zarządzaniem środkami pieniężnymi pozwalają...

Poniższy raport przedstawia sposób zarządzania ryzykiem w przedsiębiorstwie wykorzystując analizę scenariuszy. Wykonane obliczenia ukazują jak analizować ryzyko związane z zarządzaniem finansami w przedsiębiorstwie.The following report describes how enterprise risk management using...

We study Aumann and Serrano's (2008) risk index for sums of gambles that are not dependent. If the dependent parts are similarly ordered, then the risk index of the sum is always larger than the minimum of the risk indices of the two gambles. For negative dependence, the risk index of the sum is...