As always during its long history, English common law, upon which American law is based, has had to defend itself against the challenge of civil law's clarity and traditions. That challenge to our...
Francis X. Diebold , Neil A. Doherty , Richard J. Herring
A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or...
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