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The Demand for Children in the Absence of Capital and Risk Markets: A Portfolio Approach

✍ Scribed by Elie Appelbaum and Eliakim Katz


Book ID
124321196
Publisher
Oxford University Press
Year
1991
Tongue
English
Weight
246 KB
Volume
43
Category
Article
ISSN
0030-7653

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The EC's Capital Adequacy Directive (CAD) and the 1995 Basle Committee (BC) proposals are analysed as approaches to regulating market risk. We derive conditions under which the BC's proposal, namely supplementing a CAD-type standardized risk measurement framework with proprietary procedures subject