Technical paper
Shortfall: who contributes and how much?
Understanding risk contributions is a key part of successful risk management and portfolio optimisation. Richard Martin extends the discussion from value-at-risk to expected shortfall and shows that saddlepoint approximation preserves the convexity…
Estimation of intra-sector asset correlations
Research Papers
Stress-testing German credit portfolios
Research Papers
Modeling electricity prices by potential Lévy diffusions
Research Papers
The information premium for non-storable commodities
Research Papers
Cointegration between gas and power spot prices
Research Papers