Comparison of Methods for Estimating the Uncertainty of Value at Risk

Borradores de Economia
Número: 
927
Publicado: 
Clasificación JEL: 
C51, C52, C53, G32
Palabras clave: 
value at risk, Confidence Intervals, data tilting, Subsample Bootstrap

Lo más reciente

Hans-Erik Edsand, Andrés Aleán-Romero, Jhorland Ayala-García, Tania Jiménez Castilla, Sandra C. Valencia
Diana Ricciulli-Marin, Mateo Uribe-Castro
Ana María Iregui-Bohórquez, Ligia Alba Melo-Becerra, María Teresa Ramírez-Giraldo, Jorge Leonardo Rodríguez Arenas

Value at Risk (VaR) is a market risk measure widely used by risk managers and market regulatory authorities. There is a variety of methodologies proposed in the literature for the estimation of VaR. However, few of them get to say something about its dist