VaR‚ Stressed VaR‚ and Expected Shortfall Jim Chen* This note summarizes the measurement of market risk in the trading book under the most recent accords of the Basel Committee on Banking Regulation‚ known as Basel II‚ 2.5‚ and III. Each of these three accords on global banking regulation has embraced a different primary measure of market risk: traditional value-at-risk (VaR)‚ stressed VaR‚ and expected shortfall. After introducing the mathematics of VaR and expected shortfall‚ this note will
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World War Ⅰ was a war that affected the whole world‚ it caused many countries to go bankrupt and created more than one new rivalry between countries in the process. Eighteen different countries involved in World War I‚ and that is not counting all of the colonies belonging to the involved countries that were forced to give financial and/or militaristic support. There were situations that led up to and caused World War I but three of the main reasons were Balkan nationalism‚ entangling alliances‚
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If I didn’t see it in a magazine‚ on a billboard‚ or across my television how did I know I wanted it? As a teenager I can’t be expected to know what I want for myself‚ I can’t be expected to be confident to make those decisions on my own‚ or to even trust in my own parents to make them for me. I need to have mass media make those decisions for me. A teenager seems to always know which brand is the better brand‚ not based on what anything to do with quality; it has everything to do with the saturation
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I woke up like any other day. I sat straight up and looked around‚ as I looked I thought how in the world am I not dead yet? Everyday that we woke up alive to me was a blessed day. To many it was the worst possible thing because they all just wanted to die away from the pain. Our beds were made of concrete‚ we went to bed in pain and woke up in pain and that was my life for about 7 months. You had to get use to everyday things or else you would die away like everyone else. I didn’t want anything
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Whenever I write an essay‚ I constantly suppress myself under an obsession that must be perfect. And the only few words are written of the paper. I am confined to such feelings for what‚ I can not know. I’m exhausted while I’m suppressing. And I ask in prison that imprison myself. ’What is writing for who.’ However it is not be changed even if I ask again and again. Always I can’t answer. To say ’for myself’‚ I do not like too suppression of this prison‚ it is not be changed. I can’t answer again
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“Before I was‚ There Were...” I have so many relatives and all of them have done so much for me. My mom’s parents who are Kathey Sigmon and Jerry Carrigan are my grandparents‚ but they divorced and my grandma remarried to Bob Sigmon. My mom had a sister named Emily Sigmon and brother named Nick Carrigan. My grandma Kathey had two sisters name Faye Shew and Sue Robinette. My great grandmother Faye Carrigan is the mother of Jerry Carrigan‚ she has a sister named Nell-Rose Stafford but she passed
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So i have to do a 5 minute speech on what belonging is and stuff. I need a book/movie etc. that has something to do with belonging or not belonging that i can use for examples and relate my speech to. And i for the life of me can’t think of anything good!!! which is really annoying cause i know i have probably come across thousands of worthy choices in my life. \ So any book or movie or even poem that has themes of belonging/not belonging would be really helpful. (the only one i can think of at
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If I were a bird! As a little bird-maybe a nightingale or an innocent dove-if I were born on this earth‚ I would have been very happy. As a nightingale‚ I would be adored by the people for my sweet songs. I would have built my tiny nest on the top branch of a tree. My nest would give shelter to me and my brethren. From the top of the tree‚ I could see the greenery of the fields‚ the flowing rivers and the far horizon. In a storm‚ my nest would be swung to and fro‚ without being detached from the
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What was the Bauhaus and what was its purpose? The Bauhaus was a school of art‚ architecture and design that existed in three German cities including Weimar‚ Dessau‚ and Berlin. The school was founded by Walter Gropius in 1919 and it lasted until 1933. During its time‚ Bauhaus went through different distinct periods under different directors and cities including expressionism‚ constructivism‚ functionalism and architecture. The Bauhaus was the start of modernism‚ at the same time‚ it changed the
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President If all wishes were horses‚ then I would wish to be the president of the United States of America. My wishes to be the United States president are not self-centered but are based on the need to make America a better place for generations to come. In the eyes of the world we are limitless but‚ I believe there are things that are necessary to change to reflect the fame and superiority associated with America in the eyes of the world. If I was president‚ I would strive to accomplish three major
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