Constructing a Positive Shock: Growth Through the Lens of Option Pricing

Constructing a Positive Shock: Growth Through the Lens of Option Pricing PDF Author: Mehmet Cangul
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 27

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Book Description
Low-income economies face negative shocks whose frequency and disproportionate impact overcome growth trajectories, producing a negative drift. COVID-19 was the latest such episode. To escape this negative drift, and build a durable recovery, there is a need for a counter-balancing force: to construct a positive shock. Growth is realized through decisions that fall under two categories, routine and non-linear. While routine decisions modify existing economic behavior along the same path, non-linear decisions describe riskier options that involve transformation. Option pricing theory can be useful to describe the latter, and construct the positive shock required to escape the negative drift.

Constructing a Positive Shock: Growth Through the Lens of Option Pricing

Constructing a Positive Shock: Growth Through the Lens of Option Pricing PDF Author: Mehmet Cangul
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 27

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Book Description
Low-income economies face negative shocks whose frequency and disproportionate impact overcome growth trajectories, producing a negative drift. COVID-19 was the latest such episode. To escape this negative drift, and build a durable recovery, there is a need for a counter-balancing force: to construct a positive shock. Growth is realized through decisions that fall under two categories, routine and non-linear. While routine decisions modify existing economic behavior along the same path, non-linear decisions describe riskier options that involve transformation. Option pricing theory can be useful to describe the latter, and construct the positive shock required to escape the negative drift.

Decision Options

Decision Options PDF Author: Gill Eapen
Publisher: CRC Press
ISBN: 1420086839
Category : Business & Economics
Languages : en
Pages : 320

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Book Description
Through theory and case studies, this book details how uncertainty and flexibility can be evaluated to assist in making better investment decisions in companies. It delivers an excellent balance of theory and practice in the area of investment decision making, demonstrates how financial and real options are related, and describes the theoretical underpinnings of both. The author presents case studies from diverse industries, including life sciences, pharmaceuticals, commodities, energy, technology, manufacturing, and financial services. He also looks at how organizations can become successful using a holistic framework that integrates uncertainty and flexibility.

Roadmap – Developing a risk-informed and shock-responsive social protection System – Cambodia

Roadmap – Developing a risk-informed and shock-responsive social protection System – Cambodia PDF Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
ISBN: 9251336482
Category : Nature
Languages : en
Pages : 92

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Book Description
The roadmap aims to support the Royal Government of Cambodia (RGC) and its development partners in their current efforts in social assistance and disaster risk management. It aimed at policy makers, legislative bodies, UN agencies and donors at national and sub-national levels.

Implicit Embedded Options in Life Insurance Contracts

Implicit Embedded Options in Life Insurance Contracts PDF Author: Nils Rüfenacht
Publisher: Springer Science & Business Media
ISBN: 3790828432
Category : Business & Economics
Languages : en
Pages : 187

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Book Description
This book presents a market-consistent valuation framework for implicit embedded options in life insurance contracts. This framework is used to perform an empirical analysis based on more than 110,000 actual and in-force life insurance policies and with a focus on the modeling of interest rates. Its results are the answer to the central question posed in the objectives: What value do the embedded options and guarantees considered have? This question is answered both absolutely and relative to the current policy reserves, from the perspective of the insurer, the policyholder and the shareholder respectively

To Bet or Not to Bet

To Bet or Not to Bet PDF Author: Mr.Fabio Comelli
Publisher: International Monetary Fund
ISBN: 1475553595
Category : Business & Economics
Languages : en
Pages : 23

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Book Description
A strand of research documents Chile’s copper dependence hence significant exposure to terms of trade shocks. Copper prices’ sharp decline and forecast uncertainty since the end of the commodity super-cycle has rekindled the debate on Chile’s adjustment capacity to external shocks. Following Malz (2014), this paper builds a time-varying measure of copper price uncertainty using options contracts. VAR analysis shows that the investment response to an uncertainty shock of average magnitude in the sample is strong and persistent: the cumulative fall in investment from trend at a one-year horizon ranges 2–5.8 percentage points; and it takes between 11⁄2 and 2 years for investment to return to its trend level. Empirical ranges depend on alternative definitions for investment, uncertainty, and options’ maturing time.

Musculoskeletal Injections and Alternative Options

Musculoskeletal Injections and Alternative Options PDF Author: Maneesh Bhatia
Publisher: CRC Press
ISBN: 1351129708
Category : Medical
Languages : en
Pages : 238

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Book Description
Musculoskeletal injections for joint or tendon problems are performed commonly and their use, which can result in a marked improvement in acute symptoms as well as delay or postpone surgery, is on the rise. Key features: Provides concise, current and portable information Covers the latest treatment options, supported by scientific evidence and guidelines Discusses alternative injections, non-injection measures and novel treatment modalities Text supported by illustrations and video of injection procedures and physiotherapy Ideal for both the non-specialist seeking an introduction to the subject and the more experienced practitioner This accessible guide helps doctors from various disciplines including orthopaedics, sports medicine, rheumatology, radiology and primary care as well as allied health care professionals understand the indications and local anatomy to safely perform injections with complication avoidance. In addition, the book provides useful information regarding other alternatives including physiotherapy and novel modalities. The content is supported by current evidence, guidelines and companion videos.

Aggression

Aggression PDF Author: Emil Coccaro
Publisher: CRC Press
ISBN: 0824748506
Category : Medical
Languages : en
Pages : 403

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Book Description
This text studies genetic, developmental and biopsychosocial models of aggression; additional forms of antisocial behaviour; and risk factors including poverty and peer rejection for improved understanding of the pathways possibly contributing to impulsive aggressive outbreaks. It contains a comprehensive review of aggression and impulsivity measur

Fundamentals Success A Q&A Review Applying Critical Thinking to Test Taking

Fundamentals Success A Q&A Review Applying Critical Thinking to Test Taking PDF Author: Patricia M Nugent
Publisher: F.A. Davis
ISBN: 080364485X
Category : Medical
Languages : en
Pages : 577

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Book Description
More than 1,340 classroom-tested, NCLEX-style questions—including more than 440 alternate-item-format questions—reflect the latest advances in medical technology as well as the most recent guidelines and standards of care for nursing practice.

Food Systems Resilience

Food Systems Resilience PDF Author:
Publisher: BoD – Books on Demand
ISBN: 1803550031
Category : Technology & Engineering
Languages : en
Pages : 232

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Book Description
This book addresses some of the major challenges of food systems associated with a diversity of agricultural contexts and priorities. It contributes to the conversation on global food and nutrition security by unpacking the intertwined connections between food system resilience, food policies, and global food markets. The contributing authors provide careful analyses of how shocks to food systems (e.g., COVID-19 pandemic lockdowns) and crises to global food systems (e.g., the global food price crisis of 2008) have disrupted the food value chains in ways that undermine global initiatives to achieve food and nutrition security for all. The book is divided into two sections. Section 1 focuses on global food systems transformation with the goal of moving towards resilience. Two chapters in this section employ a global context approach to address the key factors undermining food systems’ resilience and sustainability. Section 2 presents case studies drawn from Africa, Asia, and Europe with different pathways for the transition to food systems resilience, highlighting the importance of policy approaches as well as smart and innovative strategies to ensure the production of nutritious foods at affordable costs, the reduction of food wastage, and the valorization of sub-products.

Get ahead! SURGERY 100 EMQs for Finals, Second Edition

Get ahead! SURGERY 100 EMQs for Finals, Second Edition PDF Author: James Wigley
Publisher: CRC Press
ISBN: 1444181807
Category : Medical
Languages : en
Pages : 268

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Book Description
Fully updated, this new edition of the successful Get ahead! SURGERY 100 EMQs for Finals provides invaluable revision for all medical students preparing for their final examinations. Co-written by Saran Shantikumar, series editor for the Get ahead! series, this book covers the entire syllabus in a clear and comprehensive style, building on the strengths of the first edition to provide reliable and effective revision practice to help achieve success in final exams. The second edition has been completely updated according to current curriculum, and the questions are written in a style similar to the Medical Schools Council Assessment Alliance (MSCAA) bank. Get ahead! SURGERY 100 EMQs for Finals is a helpful resource for medical students preparing for their exams.