1. Editorial

   • Freddy Delbaen
   • Paul Embrechts
   • Steven Shreve

   OriginalPaper Pages: 1 - 2

2. Large portfolio losses

   • Amir Dembo
   • Jean-Dominique Deuschel
   • Darrell Duffie

   OriginalPaper Pages: 3 - 16

3. Optimal portfolios when stock prices follow an exponential Lévy process

   • Susanne Emmer
   • Claudia Klüppelberg

   OriginalPaper Pages: 17 - 44

4. On the Malliavin approach to Monte Carlo approximation of conditional expectations

   • Bruno Bouchard
   • Ivar Ekeland
   • Nizar Touzi

   OriginalPaper Pages: 45 - 71

5. Some calculations for Israeli options

   • Andreas E. Kyprianou

   OriginalPaper Pages: 73 - 86

6. On the use of measure-valued strategies in bond markets

   • Marzia De Donno
   • Maurizio Pratelli

   OriginalPaper Pages: 87 - 109

7. A link between complete models with stochastic volatility and ARCH models

   • Thierry Jeantheau

   OriginalPaper Pages: 111 - 131

8. Convergence of utility functions and convergence of optimal strategies

   • Elyès Jouini
   • Clotilde Napp

   OriginalPaper Pages: 133 - 144

9. Hazard rate for credit risk and hedging defaultable contingent claims

   • Christophette Blanchet-Scalliet
   • Monique Jeanblanc

   OriginalPaper Pages: 145 - 159