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Concept

Foreign exchange risk

Related publications (25)

Bayes Security: A Not So Average Metric

Carmela González Troncoso, Giovanni Cherubin

Security system designers favor worst-case security metrics, such as those derived from differential privacy (DP), due to the strong guarantees they provide. On the downside, these guarantees result in a high penalty on the system's performance. In this pa ...

IEEE2023

Understanding and Mitigating Latency Variability of Latency-Critical Applications

Mia Primorac

A major theme of IT in the past decade has been the shift from on-premise hardware to cloud computing. Running a service in the public cloud is practical, because a large number of resources can be bought on-demand, but this shift comes with its own set of ...

EPFL2020

Regional Effects of Exchange Rate Fluctuations

Christian Pröbsting

We exploit differences across U.S. states' exposure to trade to study the effects of changes in the exchange rate on economic activity. Across states, trade-weighted exchange rate depreciations are associated with increased state exports, reduced state une ...

2020

An unethical optimization principle

Anthony Christopher Davison

If an artificial intelligence aims to maximize risk-adjusted return, then under mild conditions it is disproportionately likely to pick an unethical strategy unless the objective function allows sufficiently for this risk. Even if the proportion eta of ava ...

ROYAL SOC2020

Surveying the environmental life-cycle performance assessments: Practice and context at early building design stages

Marilyne Andersen, Emmanuel Rey, Thomas Bernard Paul Jusselme

The international greenhouse gas agreements call for mitigations in the building industry. Thus, the number of scientific publications about life-cycle performance assessment (LCPA) follows an exponential trend since the 2000s. However, previous surveys hi ...

2020

New spiral beam screen design for the FCC-hh injection kicker magnet

Agnieszka Chmielinska

The injection kicker system for the Future Circular Collider (FCC-hh) must satisfy demanding requirements. To achieve low pulse ripple and fast field rise and fall times, the injection system will use ferrite loaded transmission line type magnets. The beam ...

IOP PUBLISHING LTD2019

The sources of sovereign risk: a calibration based on Levy stochastic processes

Sylvain Jean Pascal Carré

Governments choose to issue risky or riskless debt depending on the nature of the stochastic process of output. We use Brownian motion and Poisson shocks a modeling method in the literature on corporate default known as Levy processes to approximate a deco ...

ELSEVIER SCIENCE BV2019

Quantifying the Benefits of Labor Mobility in a Currency Union

Unemployment differentials are bigger in Europe than in the United States. Migration responds to unemployment differentials, though the response is smaller in Europe. Mundell (1961) argued that factor mobility is a precondition for a successful currency un ...

2018

Hedge or Rebalance: Optimal Risk Management with Transaction Costs

Semyon Malamud

We solve the problem of optimal risk management for an investor holding an illiquid, alpha-generating fund and hedging his/her position with a liquid futures contract. When the investor is subject to a lower bound on net return, he/she is forced to reduce ...

2018

Study of fast exchanging processes by NMR Spectroscopy

Estel Canet Martinez

Nuclear magnetic resonance (NMR) spectroscopy is one of the most powerful and informative methods to probe molecular dynamics. Specifically, chemical exchange is an important phenomenon and one of the earliest and most vigorously investigated in NMR spectr ...

EPFL2017

Beyond Activities: Business Process Models from a Knowledge Management Perspective

Gil Regev

When conducting workshops with business people, there is a significant risk to become bogged down in the details of the underlying business process rather than seeing the big picture of the value provided by the process to its stakeholders. In this paper, ...

2017

Introduction to the IRGC Risk Governance Framework

Marie-Valentine Renée Agnès Florin, Marcel Thomas Bürkler

The IRGC Framework recommends a holistic, multidisciplinary and multistakeholder approach to risk. It supports processes that aim to provide and structure scientific evidence about a risk in a societal context. It helps decision-makers analyse the major am ...

EPFL2017

Fed funds futures variance futures

Damir Filipovic

We develop a novel contract design, the fed funds futures (FFF) variance futures, which reflects the expected realized basis point variance of an underlying FFF rate. The valuation of short-term FFF variance futures is completely model-independent in a gen ...

Routledge Journals, Taylor & Francis Ltd2016

Essays on Capital Calculation in Insurance

Mathieu Jacques David Cambou

In order to be able to bear the risk they are taking, insurance companies have to set aside a certain amount of cushion that can guarantee the payment of liabilities, up to a dened probability, and thus to remain solvent in case of bad events. This amount ...

EPFL2016

On the Privacy Implications of Location Semantics

Jean-Pierre Hubaux, Kévin Clément Huguenin

Mobile users increasingly make use of location-based online services enabled by localization systems. Not only do they share their locations to obtain contextual services in return (e.g., 'nearest restaurant'), but they also share, with their friends, info ...

2016

Portfolio and welfare consequences of debt market dominance

Serhiy Stepanchuk

The ability to issue debt that pays in units of the domestic good leads a country to accumulate a large and negative net foreign asset position while maintaining a positive position in equity. This debt market advantage also helps to explain the weak relat ...

Elsevier Science Bv2015

Essays in Empirical Corporate Finance

Stefano Colonnello

This dissertation consists of three chapters. The first chapter examines whether the availability of credit default swaps (CDS) has consequences for creditor governance. CDSs offer creditors the opportunity to hedge credit risk and may impact their willing ...

EPFL2015

Energy Efficiency Valuation and Mortgage's Implicit Insurance

Philippe Bélanger

This thesis has two objectives. The first objective is to better understand the value of energy efficiency in buildings and its relationship to secondary market real estate prices. The second objective is to understand the cost of the implied insurance inc ...

EPFL2015

On Bounding Credit-Event Risk Premia

Pierre Collin-Dufresne

Reduced-form models of default that attribute a large fraction of credit spreads to compensation for credit-event risk typically preclude the most plausible economic justification for such risk to be priced, namely, a contemporaneous drop in the market por ...

Oxford University Press2015

A bright future for magnetic resonance

Geoffrey Bodenhausen

This contribution seeks to identify a few factors that have contributed to the success of a thriving discipline, and to identify threats that could put future prospects at risk. Many of these factors are not specific to magnetic resonance, and may also app ...

Springer2015

Related publications (25)