Исследования и Публикации

Gulf Cooperation Council financial market overview

This paper provides an overview of the financial markets (including capital markets) of the so-called Cooperation Council for the Arab States of the Gulf or the Gulf Cooperation Council (GCC), consisting of the following six Arab countries: Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE). Particular attention will get Kuwait financial markets and regulations of the Central Bank of Kuwait (CBK). Financial market development has been a policy priority in the GCC countries over the last two decades, to diversify their economies and reduce their long-standing dependence on hydrocarbon exports.

14 июня, 2020

Liquefied petroleum gas: market overview and pricing models

In view of the worldwide shift towards cleaner and sustainable energies to reduce greenhouse gas emissions (a
major cause of global warming), this paper provides an overview of the history and use of liquefied petroleum
gas (LPG or LP gas), its market, and several LPG pricing models. As a fossil product, LPG is set to be a
"bridging fuel" alongside natural gas in the long-term transition to a truly sustainable global energy system.

1 июня, 2020

Financial fraud detection: an overview of existing techniques

Motivating by the growing threat of fraud facing banks and payments firms, this short review considers
presently most popular approaches to fraud detection in financial institutions including, e.g., credit card
fraud, financial statement fraud, insurance fraud, money laundering, and terrorist financing.

16 мая, 2020

COVID-19 pandemic impact on banking sector

Recent COVID-19 coronavirus pandemic will have an essential influence of vastness yet to be determined
on the global economic processes since many countries with both advanced and emerging economies chose
lockdown of a varied severity as the main means of fighting the virus. This review paper considers the
impact of the virus outbreak on the banking sector, considering both short- and long-term implications.

4 мая, 2020

On integration of ESG criteria in portfolio framework

Motivated by the growing trend of considering Environmental, Social, and Governance (ESG for short) criteria in investment strategies, this paper provides a brief review of the currently popular approaches to ESG criteria integration into H. Markowitz portfolio framework.

3 марта, 2020

Cyber bonds and their pricing models

Motivated by the developments in cyber risk treatment in the finance industry, we propose a general framework of cyber bond, whose main purpose is to insure (compensate) losses of a cyber attack. Based on a database of publicly available cyber events, we determine cyber loss distribution parameters and use them to numerically simulate cyber bond price, yield, and other characteristics. We also consider two possible approaches to cyber bond coupon calculation.

26 ноября, 2019