At a time when interest rates are still at historically low levels and the equity market seems
richly valued, a growing number of investors are seeking alternative sources of return. One …

This paper examines VIX-based ETPs (exchange traded products) and illustrates that both
the return and risk of these products are not related to the return and risk of the VIX index …

Non-US dollar-denominated external emerging market debt issuance in euros, yen, and
sterling has grown substantially in recent years. This article is the first study to explore how …

Chicago Board Options Exchange Volatility Index (VIX) futures have become an increasingly
important hedging instrument and aid to portfolio diversification. The authors study changes …

THREE ESSAYS ON THE VIX INDEX by RICHARD ANTHONY ARNATT ROBERT BROOKS,
COMMITTEE CHAIR J. BRIAN GRAY JUNSOO LEE XIAOCHUN LIU ROB Page 1 THREE …

In this paper, we examine the use of exchange-traded funds (ETFs) in the implied volatility
market. Because the Volatility Index (VIX) cannot be directly traded and the VIX futures …

A key challenge for emerging economies is their interdependence with the developed
economies. To reduce this interdependence and to progress towards self-reliance, it is …