C O V E R S T O RY : P O I N T / C O U N T E R P O I N T Private Profits and Socialized Risk Investment banks are highly levered and undercapitalized, thanks in part to regulatory…
Bootstrapping Financial Time Series Esther Ruiz and Lorenzo Pascual January 2002 ¤ Abstract It is well known that time series of returns are characterized by volatility…