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In the last few years we have seen a high increase of the fluctuations of the main financial market quotations, such that attention has focused on how the treasury shares are influenced by this phenomenon. The financial markets are characterised by a greater uncertainty, which is referable to the increased volatility of the interest and exchange rates, and to the high fluctuations of the share quotations.
The renewed interest toward the VaR methodology and its applications will lead to a larger use of the econometric models for the risk measurement, and the result is a vantage for the investors, who will be able to choose with the help of a standard, which makes the...