Measurement of Bivariate Risks by the North-South Quantile Points Approach

dc.contributor.author Kara, Emel Kızılok
dc.contributor.author Gebizlioğlu, Ömer Lütfi
dc.date.accessioned 2019-06-27T08:03:16Z
dc.date.available 2019-06-27T08:03:16Z
dc.date.issued 2014
dc.description.abstract This paper attempts to determine the Value at Risk (VaR) and Conditional Value at Risk (CVaR) measures for the sum of bivariate risks under dependence. The computation of these risk measures is performed by the north-south quantile points of bivariate distributions. The Farlie-Gumbel-Morgenstern (FGM) copula model is chosen to express dependence of bivariate risks. The behaviors of VaR and CVaR are examined by varying dependence parameter values of the copula model and probability levels of the risk measures. The findings are interpreted from the view point of portfolio risk management. (C) 2013 Elsevier B.V. All rights reserved. en_US]
dc.identifier.doi 10.1016/j.cam.2013.04.050 en_US
dc.identifier.issn 0377-0427 en_US
dc.identifier.issn 1879-1778 en_US
dc.identifier.issn 0377-0427
dc.identifier.issn 1879-1778
dc.identifier.scopus 2-s2.0-84878806993 en_US
dc.identifier.uri https://hdl.handle.net/20.500.12469/764
dc.identifier.uri https://doi.org/10.1016/j.cam.2013.04.050
dc.language.iso en en_US
dc.publisher Elsevier Science en_US
dc.relation.ispartof Journal of Computational and Applied Mathematics
dc.rights info:eu-repo/semantics/openAccess en_US
dc.subject Risk measures en_US
dc.subject Copula en_US
dc.subject Bivariate quantiles en_US
dc.subject North-south quantile points en_US
dc.title Measurement of Bivariate Risks by the North-South Quantile Points Approach en_US
dc.type Article en_US
dspace.entity.type Publication
gdc.author.institutional Gebizlioğlu, Ömer Lütfi en_US
gdc.author.institutional Gebizlioğlu, Ömer Lütfi
gdc.bip.impulseclass C5
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gdc.coar.access open access
gdc.coar.type text::journal::journal article
gdc.description.department Fakülteler, İşletme Fakültesi, Uluslararası Ticaret ve Finans Bölümü en_US
gdc.description.endpage 215
gdc.description.publicationcategory Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı en_US
gdc.description.scopusquality Q2
gdc.description.startpage 208 en_US
gdc.description.volume 255 en_US
gdc.description.wosquality Q1
gdc.identifier.openalex W2084716587
gdc.identifier.wos WOS:000326201800017 en_US
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gdc.oaire.keywords North-south quantile points
gdc.oaire.keywords Copula
gdc.oaire.keywords Bivariate quantiles
gdc.oaire.keywords Risk measures
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gdc.oaire.sciencefields 0502 economics and business
gdc.oaire.sciencefields 05 social sciences
gdc.oaire.sciencefields 0101 mathematics
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gdc.relation.journal Journal of Computational and Applied Mathematics
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