Category: Finance & Markets
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Pension reform improves long-term fiscal sustainability in Russia
This research indicates that raising the Russian statutory retirement age moderately lowers consumption in the short run but is linked to stronger long-term macroeconomic and fiscal outcomes.
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Affine model gives explicit valuation formulas for insured contracts
This research indicates that an affine modeling approach can provide explicit valuation formulas for variable annuities and related insurance contracts while allowing joint modelling of financial markets, mortality, and policyholder behaviour.
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SmartCoder-R1 improves secure smart contract generation
This research indicates that SmartCoder-R1 can generate smart contracts with stronger security, better explainability, and improved overall performance than the compared baselines.
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Dependence uncertainty changes joint life insurance risk evaluation
This research indicates that joint life insurance risk evaluation can vary with the dependence structure between two lifetimes, and that bounds for mean, Value-at-Risk, and Expected Shortfall can be obtained under copula uncertainty.
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Hermite process distributions are shown to have densities
This research indicates that finite-dimensional distributions of Hermite processes admit a density with respect to Lebesgue measure.
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Credit risk is linked to liquidity hoarding in African banks
This research indicates that higher credit risk leads African banks to hoard more liquidity, while stronger corruption control reduces this response and global uncertainty increases it.
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Natural disaster uncertainty links differently with crypto, DeFi, and NFTs
This research indicates that natural disaster uncertainty is more strongly connected to DeFi assets in bear markets and to NFTs in bull markets during the period studied.
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Speculative bubbles found in most examined DeFi and NFT assets
This research indicates that speculative price bubbles were present in all examined DeFi and NFT assets except Internet Computer.
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Preventive health spending is linked to longevity in portfolio decisions
This research indicates that preventive health spending can be incorporated into lifetime portfolio decisions to influence mortality risk, life expectancy, and financial choices.
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Age-grouping framework improves mortality forecast accuracy
This research indicates that borrowing information from population, gender, and age subgroups with similar mortality patterns can improve future mortality rate forecasts.
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