Non-performing loans in the European Union
As the global economy continues to grow, expansion throughout the Eurozone remains subdued by remnants of the global financial crisis. The recovery pace of the Eurozone has far lagged that…
A comparison between parametric and non-parametric risk modeling -VaR-
Value-at-Risk (VaR) is a short-term risk statistic used to forecast downside losses. The traditional VaR methodology has many assumptions, the most noteworthy that it assumes continuous returns are normally distributed,…