-jump securities and impulse regime switching securities. Moreover, we give conditions under which the market is asymptotic-arbitrage …

that CIP violations imply arbitrage opportunities only if uncollateralized interbank lending rates are riskless. In the … absence of observable riskless discount rates, we extract them empirically using a simple no-arbitrage framework. They deliver …-currency basis swap rates well. The no-arbitrage benchmarks account for about two thirds of the alleged CIP deviations, while the …

The practice of merger arbitrage is one of the more popular and profitable strategies employed by many hedge funds. At …. The risk to an individual risk arbitrage investment, then, comes from one specified source: the risk of deal completion … therefore very important to fully understand the nature and magnitude of the risks inherent in merger arbitrage. This paper …

. Formally the performances of medium frequency statistical arbitrage strategies are much better than the performance of their …