An extensive background overview on the use of agricultural residues (wastes) for
production of paper, board, binderless board, energy, different types of fuels by pyrolysis …

The aim of this paper is to contribute to the debate on systemic risk by assessing the extent
to which distress within the main different financial sectors, namely, the banking, insurance …

There are two main theories of banking which seem to be incompatible by nature. According
to the first, banks intermediate money through their credit infrastructure but are not …

Many financial markets are populated by dealers, who commit to participate regularly in the
market, and non-dealers, who do not commit. This market structure introduces a trade-off …

REGULATORY ARBITRAGE AND HEDGE FUND REGULATION: THE NEED FOR A
TRANSNATIONAL RESPONSE Page 1 REGULATORY ARBITRAGE AND HEDGE FUND …

As regulators around the world progress towards prudential reforms of the global financial
system to address the issue of systemic risk, the sweeping scope of the task touches areas …

This paper summarizes the literature on hedge funds (HFs) developed over the last two
decades, particularly that which relates to risk management characteristics (a companion …

We propose measures for systemic risk generated through intra-sectorial interdependencies
in the hedge fund sector. These measures are based on variations in the average cross …

Our actions often carry a significant autobiographical aspect, and this book is no exception.
26 December 2002 was my first day of work at one of the leading law firms in my country. It …

This study applies to investment funds a novel framework which combines marginal
probabilities of distress estimated from a structural credit risk model with the consistent …