Asset Liability Management -Individual and institutional approaches

Name: Asset Liability Management -Individual and institutional approaches
Brand: VDM Verlag Dr. Mueller E.K.
SKU: 9783836491785
Price: 68.28 EUR
Availability: InStock

Autor: Hainaut Donatien

Jazyk:

Väzba: Brožovaná

Vydavateľ: VDM Verlag Dr. Mueller E.K.

Dostupnosť: Skladom u dodávateľa

Odosielame za 8-11 dní

68.28 €

One of the most common issues studied in finance is that of an economic unit who aims at maximizing...

Informácie o knihe

Autor

Hainaut Donatien

Jazyk

Angličtina

Väzba

Kniha - Brožovaná

Vydalo

2008

Stránok

220

EAN

9783836491785

ISBN

3836491788

Enbook ID

06920534

Vydavateľ

VDM Verlag Dr. Mueller E.K.

Hmotnosť

308

Rozmery

229 x 152 x 14

Kompletný popis

One of the most common issues studied in finance is that of an economic unit who aims at maximizing his expected lifetime utility from consumption and/or terminal wealth, by an effective asset-liability management. In this book, we revisit this theme and focuses on two categories of economic agents: the individual and institutional investors. The first part of this manuscript addresses the individual asset allocation decision at retirement. One establishes the utility of life annuities to build investment strategies able to guarantee future consumption and an eventual bequest. The second part is devoted to the management of defined benefits and defined contributions pension funds, exposed to the mortality risk. In particular, we discuss the market incompleteness generated by the mortality risk and propose partial hedging strategies of pension funds commitments. Finally, the last part studies two particular asset allocation problems in complete markets: the wealth maximization under a value at risk constraint and the valuation of a fair profit sharing rate.

Mohlo by vás zaujímať

Zákazníci, ktorí si kúpili túto knihu, kúpili tiež

Najčastejšie vyhľadávané

Categories

Authors

Publishers

Produkty

Produkty

Najčastejšie vyhľadávané

Categories

Authors

Publishers

Produkty

Produkty

Asset Liability Management -Individual and institutional approaches

Informácie o knihe

Kompletný popis

Mohlo by vás zaujímať

Zákazníci, ktorí si kúpili túto knihu, kúpili tiež