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Accurate predictions of implied vol significantly improve numerous vol trading, hedging and even collateral pricing applications.
High-accuracy predictions of implied vol result in highly accurate collateral pricing results.
In collateral pricing, a debt can be viewed as an option on equity and priced as such.
Highly persistent in individual securities, the microstructure risk cannot only be measured, it can be used in many daily applications, such as: Buy and hold equity selection Portfolio risk evaluation and management Collateral pricing Derivatives analysis Many more.
Since microstructure risk can be successfully priced, making its measurement a necessity not only in buy-and-hold applications, but also in cases of collateral pricing in lending and derivatives structuring.
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Finally, this Note questions this norm's continued value given that excessive citation exacts a collateral price on the legal community and that law review readers are increasingly diverse.
Do you push dangerous new drugs on the market knowing that a little collateral damage is the price of making money, just as it is the price of making war?
He will add: "For those who advocate leaving, lost jobs and a dented economy might be collateral damage, or a price worth paying.
Ordinary Pakistanis feel they have paid a high price in collateral damage, between the civilian casualties from unmanned drone attacks and the blowback from terror groups within Pakistan.
And if dogma trumps pragmatism and neither side budges, Indiana's most vulnerable citizens could end up paying the price as the collateral damage of a partisan battle".
And he expressed concern about the collateral damage from higher energy prices on people who drive great distances, businesses that consume a lot of energy and people on fixed incomes.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com