The popular risk parity approach is based on volatility as the sole risk measure and therefore
lacks the consideration of tail risk. This fact makes risk parity portfolios vulnerable to tail …

This dataset contains all the relevant data to reproduce the results from the PhD thesis titled
"German Industrialization and Bank Credit with particular consideration of the …

In this paper we analyse income formation patterns throughout the German industrialisation
process (1860-1913) through the analysis of different financial flows. Similar to Neuburger & …

… We would like to thank Simona Dragosch for conducting the interviews in Germany, David
Newbery for helpful comments and Jim Cust and Amalia Kavali for research assistance. The …

In this article, the authors suggest Bayesian-style adaptive enhancement to a popular equal
risk contribution (ERC) portfolio construction technique they call adaptive optimal risk …

In this paper we discuss the degree of readability of historical texts for a broad public. We
argue that text simplification methods can improve significantly this aspect and bring an added …

Diversification is one of the major components of investment decision-making under risk or
uncertainty. However, paradoxically, as the 2007–2009 financial crisis revealed, the concept …

A natural approach to enhance portfolio diversification is to rely on factor-risk parity, which
yields the portfolio whose risk is equally spread among a set of uncorrelated factors. The …

The file drawer problem is a publication bias in which editors of journals are much more
likely to accept empirical papers with statistically significant results than those with …

Uniform budgeting in risk budgeting (RB), which results in risk parity (RP), can be sub-optimal
in the case where assets are correlated. In particular, it may lead to solutions with factor …