Recent complex financial products sold to households contradict the basic premise of
canonical innovation theories: Financial innovation benefits its adopters. In my 2006–2015 …

We conduct an experiment to investigate how investors assess the risk of reverse
convertibles that link their payouts to the worst performing stock of a pool of underlying …

The market for structured products has grown dramatically in the past decade. Their diversity
and complexity have led to the development of many different valuation approaches, and it …

We propose a unified pricing framework based on continuous-time Markov chain (CTMC)
approximation for autocallable structured products. Our method is applicable to a variety of …

The growing market for retail structured investment products and empirical evidence for
excessive pricing of such products raise the hypothesis that private investors show …

Autocallable contingent income securities (autocalls) have payouts contingent on the
performance of an underlying asset and give investors an opportunity to earn high yields in …

В исследовании впервые предпринимается попытка оценить величину скрытых
комиссий эмитентов структурных продуктов на российском рынке. Под скрытой …

In this article, some insights are presented on the risks associated with trading autocallable
financial products. This class of structured products survived the Lehman Brothers collapse …

In this paper, we investigate the contribution of interest rate structured bonds to portfolios of
risk-averse retail investors. We conduct our analysis by simulating the term structure …

В статье приведена краткая характеристика структурных продуктов с опцией
досрочного погашения, анализируется эффективность таких структурных продуктов на …