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“Global governance” has become a new household word in the twenty-first century international relations. The somewhat sudden surge of the use of, and the interest in, the term has derived from the im...
Currently the global governance is a very hot topic under the circumstances of deepening trend of globalization. With the looming large of a series of global issues, such as climate change, energy sec...
The issue of piracy and armed robbery at sea off the coast of Somalia has been high on the agenda of the international community. The Somali pirates have provoked international condemnation by at...
The problem of piracy in the Gulf of Aden emerged as a threat to maritime transportation in early 2000 and it became a serious threat to international peace and security before 2010. Though the numbe...
A new standpoint on financial time series, without the use of any mathematical model and of probabilistic tools, yields not only a rigorous approach of trends and volatility, but also efficient calcul...
The United Nations Commission on Sustainable Development (CSD) was established by the UN General Assembly in December 1992 to ensure effective follow-up of United Nations Conference on Environment and...
The aim of this paper is to propose a realistic and operational model to quantify the systematic risk of mortality included in an engagement of retirement. The model presented is built on the basis o...
The aim of this paper is to compare two asset allocation methods for a pension scheme during the decumulation phase in the simplified portfolio selection between a risky asset following a geometric Br...
In the framework of Embedded Value new standards, namely the MCEV norms, the latest principles published in June 2008 address the issue of market and underwriting risks measurement by using stochasti...
The remarks were made as part of Professor Stiglitz’s lecture on United Nations System and the economic crisis: towards a new global financial and economic architecture delivered at the United Nations...
Bangkok (UN/ESCAP Information Services) – Senior finance and central bank officials from 17 Asian-Pacific countries are scheduled to meet from 27 to 30 July 2009 in Dhaka, Bangladesh, to look at vario...
Stability and prosperity are the watchwords of the United Nations Charter. They are prerequisites for sound and cordial relations between nations, based on respect for the principle of equal rights th...
Bangkok (UN/ESCAP Information Services) – The current economic crisis provides an opportunity for countries in the Asia-Pacific region to re-evaluate their export markets and reposition themselves for...
In this article, we investigate whether exchange rate risk is priced. We use a multivariate GARCH-in-Mean specification and test alternative conditional international CAPM versions. Our results suppor...

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