2018
DOI: 10.5937/industrija46-16666
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Quantifying extreme market risk in the selected Western Balkan countries

Abstract: The purpose of this paper is to investigate the performance of unconditional and conditional Value at Risk (VaR) and Expected Shortfall (ES) models based on EVT. The application of one unconditional VaR and ES model based on EVT and three variants of conditional models of VaR and ES

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Cited by 3 publications
(1 citation statement)
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“…Looking objectively, the need for animal insurance exists and is very pronounced, given the fact that plant and animal production in Serbia is exposed to numerous risks, which are increasing year after year, especially when it comes to climate change. (Radivojević et al, 2018) The subjective need for securing agriculture in domestic conditions isn't sufficiently developed due to low payment power, that is, economic underdevelopment of agricultural entities, as well as low awareness of the importance of insurance. The underdevelopment of agricultural insurance on the micro level determines its underdevelopment in the macro level, as a result of the underdevelopment of agriculture, as an economic activity of national importance.…”
Section: Animal Insurance Status In the Republic Of Serbiamentioning
confidence: 99%
“…Looking objectively, the need for animal insurance exists and is very pronounced, given the fact that plant and animal production in Serbia is exposed to numerous risks, which are increasing year after year, especially when it comes to climate change. (Radivojević et al, 2018) The subjective need for securing agriculture in domestic conditions isn't sufficiently developed due to low payment power, that is, economic underdevelopment of agricultural entities, as well as low awareness of the importance of insurance. The underdevelopment of agricultural insurance on the micro level determines its underdevelopment in the macro level, as a result of the underdevelopment of agriculture, as an economic activity of national importance.…”
Section: Animal Insurance Status In the Republic Of Serbiamentioning
confidence: 99%