Franziska Ohnsorge

Marcin Wolski

Ms. Yuanyan Sophia Zhang

We create a network of bilateral correlations of changes in sovereign bond yields and individual bank equity price changes since 2000. We extract some stylized facts from this network of asset price correlations and document the clear differences in asset price correlations between safe havens and non-safe havens: safe havens, as commonly defined, have higher sovereign-sovereign, bank-bank, and bank-sovereign correlations than nonsafe havens. In a simple shock propagation model, we illustrate how these higher correlations may turn safe havens into shock propagators. While we discuss safe havens as a group, we document how the US is in a category of its own, differing significantly from the other countries including Switzerland or Japan. Separately, we find that feedback loops amplify shocks, and those emanating from bank stress more than those emanating from sovereign stress.

Safe Havens, Feedback Loops, and Shock Propagation in Global Asset Prices

opowieṡci

Noc bezprawia ; obraz inne szalone

Chris Cornelis

Sushmita Mitra

Pawan Lingras

Piotr Wasilewski

This book constitutes the thoroughly refereed conference proceedings of the 8th International Conference on Rough Sets and Knowledge Technology, RSKT 2013, held in Halifax, Canada in October 2013 as one of the co-located conferences of the 2013 Joint Rough Set Symposium, JRS 2013. The 69 papers (including 44 regular and 25 short papers) included in the JRS proceedings (LNCS 8170 and LNCS 8171) were carefully reviewed and selected from 106 submissions. The papers in this volume cover topics such as history and future of rough sets; foundations and probabilistic rough sets; rules, reducts, ensembles; new trends in computing; three-way decision rough sets; and learning, predicting, modeling.

8th International Conference, RSKT 2013, Halifax, NS, Canada, October 11-14, 2013, Proceedings

Rough Sets and Knowledge Technology

Pies w studni

Krawędź snu

Marcin Wolski

Books

Your next favorite book is out there