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Skip to Search Results- 2Arbitrage
- 2Financial Crisis
- 1Asset Shortage
- 1Economic Analysis
- 1Efficiency
- 1Enlargement of Filtration
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Fall 2014
This thesis develops three major essays on Arbitrage Theory, Market’s Viabil- ity and Informational Markets. The first essay (Chapter 3) elaborates the exact connections among the No-Unbounded-Profit-with-Bounded-Risk (called NUPBR hereafter) condition, the existence of the numeraire portfolio,...
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Spring 2014
The twenty-year period from 1990 to 2010 exhibited significant and consequential international economic phenomena. Global imbalances, primarily the U.S. current account deficit, were very prominent, along with the development and bursting of a real estate bubble, low interest rates and saving...
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Spring 2015
Motivated by the financial crisis of 2007-2009 and the increasing demand for portfolio and risk management, we study optimal insurance and investment problems with regime switching in this thesis. We incorporate an insurable risk into the classical consumption and investment framework and...