Study of disaster risk models

Study of disaster risk models

across blocks of developed and less-developed countries

AV Akademikerverlag ( 07.08.2019 )

€ 39,90

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Recent studies tried to explain puzzles in asset pricing theory within a frame of disaster models. In my study I examine baseline parameters like probability of disaster and disaster size and try to make a better estimate for both of them. Furthermore I imply a standard constant probability disaster model for blocks of developed and less developed economies to challenge if disaster models can explain different equity premium rates and risk-free rates in different economies. I found that a constant probability disaster model cannot explain simultaneously high equity premiums and low risk-free rates even if I use a sample of split data for developed and less developed economies.

Buch Details:

ISBN-13:

978-620-2-22446-8

ISBN-10:

6202224460

EAN:

9786202224468

Buchsprache:

English

By (author) :

Iwona Lewicka

Seitenanzahl:

64

Veröffentlicht am:

07.08.2019

Kategorie:

Economics