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We investigate the trading behavior of a large set of single investors trad-ing the highly liquid Nokia stock over the period 2003-2008 with the aim of determining the relative role of endogenous and ...
An interesting analog circuit for simulating a signal with fluctuations having a probability density function with a power tail has recently been proposed and constructed. The exponent of the power la...
Over the past few decades, financial markets became increasingly deregulated and household debt expanded, sometimes rapidly. It is thus possible that greater deregulation led to improved credit access...
Macroscopic price evolution models are commonly used for investment strategies. There are first promising achievements in defining microscopic agent based models for the same purpose. Microscopic mode...
We introduce an extension to Merton's famous continuous time model of optimal consumption and investment, in the spirit of previous works by Pliska and Ye, to allow for a wage earner to have a random ...
A new space-time model for interacting agents on the financial market is presented. It is a combination of the Curie-Weiss model and a space-time model introduced by J\"arpe 2005. Properties of the m...
This paper examines the relationship between ratings of groups and individual group entities, with a view to assessing the effects of change to the group structure on the rating. The analysis focuse...
We investigate financial market correlations using random matrix theory and principal component analysis. We use random matrix theory to demonstrate that correlation matrices of asset price changes co...
Financial Market Reform          2008/1/17
Introduction Financial market reform has risen to the forefront of public policy debates in recent years. The burgeoning literature on economic growth has come to recognize the crucial role that wello...

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