An option pricing approach to the estimation of downside risk: a European cross-country study
The purpose of this paper is to undertake a comparative study of the costs of downside protection for investors in the four major European stock markets: UK, Germany, France and Italy, and to investigate the time diversification effects in these markets by examining the variation of this cost as the...
| Main Author: | |
|---|---|
| Format: | Journal Article |
| Published: |
Palgrave Macmillan Ltd
2008
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/20.500.11937/26293 |