Università della Svizzera italiana

Integrating anti-money laundering compliance duties into the banking culture

Sandulescu, Mihaela ; Barone Adesi, Giovanni (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2016 ; 2016ECO011.

This thesis sets out to investigate whether the anti-money laundering (AML) compliance duties have been integrated into the banking culture. The first two chapters briefly present the Swiss AML framework and relevant numbers. Using survey data from 52 respondents, Chapter 3 presents evidence on how banks coped with compliance requests, starting from the internal due diligence and reporting...

Università della Svizzera italiana

Three essays in real options

Baranouskaya, Vera ; Barone Adesi, Giovanni (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2010 ; 2010ECO005.

Real options refer to the investment, entry, exit and other strategic decisions of the firm that share three important characteristics: they are irreversible, they are made under uncertainty, and their timing is chosen by the firm. The term `real options' was introduced in 1977 by Stewart Myers in his paper `Determinants of corporate borrowing' that related risky debt holdings to the future...

Università della Svizzera italiana

Three essays in option pricing

Fusari, Nicola ; Barone Adesi, Giovanni (Dir.)

Thèse de doctorat : Università della Svizzera italiana, 2009 ; 2009ECO002.

The present work explores the option pricing world under three different perspectives: theoretical models, numerical methods and real options. In the first chapter we develop a novel option pricing model. We define a stochastic volatility process for the underlying evolution using the realized volatility as a proxy of the true but unobservable volatility of the underlying. That reduces...