This article provides a review of the academic literature on the financial economics of silver,
platinum and palladium. The survey covers the findings on a wide variety of topics relation to …

The purpose of this research is to explore gender differences in financial risk tolerance using
a large, nationally representative dataset, the Survey of Consumer Finances. The impact of …

Investors face numerous challenges when seeking to estimate the prospective performance
of a longonly investment in commodity futures. For instance, historically, the average …

Publisher Summary This chapter reviews stochastic programming models for asset and
liability management (ALM). It introduces the basics of stochastic programming and …

This paper studies the strategic asset allocation for an investor with risky liabilities which are
subject to inflation and real interest rate risk and who invests in stocks, government bonds …

We use transaction-level data on the UK government bond, repo and interest-rate swap
markets to analyse market liquidity, investor behaviour and price dynamics during the …

We present a geometric approach to discrete time multiperiod mean variance portfolio
optimization that largely simplifies the mathematical analysis and the economic …

This paper discusses the modelling and control of pension funds. A continuous-time
stochastic pension fund model is proposed in which there are n risky assets plus the risk …

Historically, commodity futures have had excess returns similar to those of equities. But what
should we expect in the future? The usual risk factors are unable to explain the time-series …

Asset and liability (AL) management under the mean–variance criteria refers to an
optimization problem that maximizes the expected final surplus subject to a given variance …