Victor Olkhov

Independent

PhD

Moscow, 129110

Russia

SCHOLARLY PAPERS

39

DOWNLOADS
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SSRN RANKINGS

Top 46,055

in Total Papers Downloads

1,626

SSRN CITATIONS
Rank 16,662

SSRN RANKINGS

Top 16,662

in Total Papers Citations

38

CROSSREF CITATIONS

29

Ideas:
“  We study evolution of macroeconomic and financial variables through description of economic and financial transactions between economic agents. Agents perform transactions under action of expectations. The economic trinity - macro variables, transactions and expectations establishes the great problem that worth investigation. We regard risk ratings of agents as their coordinates in economic space. Risk ratings distribute agents, their variables, transactions and expectations as functions in economic space. Our approach allows describe economic and financial waves in economic space; derive business cycle equations; introduce notions of economic flows and mean risks; gives new look on the classical Black-Scholes-Merton equations; uncovers complex relations between asset pricing, price volatility and macroeconomic theory. We develop macroeconomic forecasting, asset and option pricing, risk management, and etc.  ”

Scholarly Papers (39)

1.

On Hidden Problems of Option Pricing

Number of pages: 11 Posted: 03 Jun 2016 Last Revised: 13 Oct 2016
Victor Olkhov
Independent
Downloads 136 (323,849)

Abstract:

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Option Pricing, Black-Scholes-Merton Equation, Economic Space

2.

Finance, Risk and Economic Space

ACRN Oxford Journal of Finance and Risk Perspectives, 5(1). March 2016, p.209-221.
Number of pages: 13 Posted: 09 Aug 2016 Last Revised: 14 Aug 2016
Victor Olkhov
Independent
Downloads 117 (362,005)
Citation 5

Abstract:

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risk ratings, economic space, option pricing, financial wave equations

3.

Methods of Economic Theory: Variables, Transactions and Expectations as Functions of Risks

Number of pages: 33 Posted: 22 Aug 2019
Victor Olkhov
Independent
Downloads 104 (393,151)

Abstract:

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economic theory, risk ratings, economic flows, density functions

4.

Quantitative Wave Model of Macro-Finance

International Review of Financial Analysis, Vol. 50, 143-150, 2017
Number of pages: 21 Posted: 18 May 2017 Last Revised: 08 Jun 2017
Victor Olkhov
Independent
Downloads 87 (441,143)
Citation 7

Abstract:

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Macro-Finance Modeling, Risk Ratings, Economic Space, Wave Equations

5.

Expectations, Price Fluctuations and Lorenz Attractor

Number of pages: 28 Posted: 10 Oct 2018
Victor Olkhov
Independent
Downloads 75 (481,313)
Citation 2

Abstract:

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Price Fluctuations; Expectations; Economic Space; Lorenz Attractor

6.

New Look on Macro-Finance Modeling

Number of pages: 21 Posted: 02 Jun 2016 Last Revised: 09 Dec 2016
Victor Olkhov
Independent
Downloads 74 (484,954)
Citation 2

Abstract:

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[Macro-Finance Modeling, Risk Ratings, Economic Space, Wave Equations

7.

On Economic Space Notion

International Review of Financial Analysis 47 (2016) 372-381 DOI-10.1016/j.irfa.2016.01.001
Number of pages: 26 Posted: 02 Aug 2016 Last Revised: 12 Apr 2017
Victor Olkhov
Independent
Downloads 67 (511,432)
Citation 5

Abstract:

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Financial Modeling, Economic Space, Risk Ratings, Economic Wave Equations

8.

Continuous Time Macro-Finance, Financial Transactions and Waves

Number of pages: 21 Posted: 19 May 2017 Last Revised: 08 Jun 2017
Victor Olkhov
Independent
Downloads 59 (544,883)
Citation 2

Abstract:

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Macro-Finance, Risk Ratings, Financial Transactions, Economic Space, Wave Equations

9.

New Look on Macroeconomic Theory

Number of pages: 22 Posted: 11 Aug 2016 Last Revised: 14 Nov 2016
Victor Olkhov
Independent
Downloads 57 (553,750)
Citation 1

Abstract:

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Macroeconomic Theory, Risk Ratings, Economic Space, Macroeconomic Waves

10.

Econophysics of Asset Price, Return and Multiple Expectations

Number of pages: 23 Posted: 31 Jan 2019 Last Revised: 20 Feb 2019
Victor Olkhov
Independent
Downloads 51 (582,205)

Abstract:

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financial transactions, expectations, economic space, asset price, return

11.

The Market-Based Probability of Stock Returns

Number of pages: 25 Posted: 09 Feb 2023 Last Revised: 20 Mar 2023
Victor Olkhov
Independent
Downloads 47 (602,513)

Abstract:

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stock returns, volatility, correlations, probability, market trades

12.

Three Remarks On Asset Pricing

Number of pages: 25 Posted: 25 May 2021 Last Revised: 15 Aug 2022
Victor Olkhov
Independent
Downloads 43 (624,370)

Abstract:

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asset pricing, volatility, price probability, market trades

13.

Macroeconomic 'Action-at-a-Distance', Economic Fields and Surface Waves

Number of pages: 21 Posted: 23 Nov 2016 Last Revised: 17 May 2017
Victor Olkhov
Independent
Downloads 42 (629,847)

Abstract:

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14.

Classical Option Pricing and Some Steps Further

Number of pages: 16 Posted: 12 May 2020 Last Revised: 24 Feb 2021
Victor Olkhov
Independent
Downloads 40 (641,149)

Abstract:

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Option Pricing, Black-Scholes-Merton Equations, Stochastic Volatility, Market Transactions, Expectations, Nonlinear Equations

15.

New Essentials of Economic Theory I. Assumptions, Economic Space and Variables

Number of pages: 23 Posted: 22 Apr 2019 Last Revised: 09 Jul 2019
Victor Olkhov
Independent
Downloads 37 (658,986)

Abstract:

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16.

To VaR, or Not to VaR, That is the Question

Number of pages: 14 Posted: 01 Feb 2021 Last Revised: 25 Oct 2021
Victor Olkhov
Independent
Downloads 36 (665,265)
Citation 1

Abstract:

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value-at-risk, risk measure, price probability, market trades

17.

Economic Policy - The Forth Dimension of the Economic Theory

Number of pages: 20 Posted: 18 Apr 2022
Victor Olkhov
Independent
Downloads 34 (677,845)

Abstract:

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economic theory, economic policy, transactions, expectations, risk grades

18.

Price, Volatility and the Second-Order Economic Theory

Number of pages: 32 Posted: 10 Sep 2020 Last Revised: 21 Apr 2021
Victor Olkhov
Independent
Downloads 33 (684,326)

Abstract:

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price probability, volatility, economic theory, market trades, expectations

19.

Macro-Finance Surface-Like Waves of Investment and Profits

Number of pages: 22 Posted: 22 May 2017 Last Revised: 08 Jun 2017
Victor Olkhov
Independent
Downloads 33 (684,326)
Citation 1

Abstract:

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Macro-Finance, Economic Space, Financial Surface-like Waves

20.

Volatility Depend on Market Trades and Macro Theory

Number of pages: 18 Posted: 31 Aug 2020 Last Revised: 07 Oct 2020
Victor Olkhov
Independent
Downloads 32 (690,837)
Citation 2

Abstract:

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price and returns volatility, price-volume relations, macro theory

21.

The Market-Based Asset Price Probability

Number of pages: 23 Posted: 18 May 2022 Last Revised: 15 Aug 2022
Victor Olkhov
Independent
Downloads 31 (697,574)

Abstract:

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asset price, price probability, returns, inflation, market trades

22.

New Essentials of Economic Theory III. Economic Applications

Number of pages: 37 Posted: 29 May 2019
Victor Olkhov
Independent
Downloads 30 (704,478)

Abstract:

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Economic Theory, Economic Waves, Business Cycles, Assets Pricing, Option pricing

23.

Quantitative Description of Financial Transactions and Risks

ACRN Oxford Journal of Finance and Risk Perspectives 6.2 (2017): 41-54
Number of pages: 14 Posted: 17 Jan 2018 Last Revised: 27 Jan 2018
Victor Olkhov
Independent
Downloads 30 (704,478)

Abstract:

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Macro Finance, Risk Ratings, Economic Space, Wave Equations

24.
Downloads 30 (704,478)
Citation 2

Abstract:

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Business cycles, Aggregate fluctuations, Risk Ratings, Economic Space

25.

Business Cycle Equations

Number of pages: 23 Posted: 12 Sep 2017 Last Revised: 11 Jan 2018
Victor Olkhov
Independent
Downloads 29 (711,373)
Citation 1

Abstract:

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Business Cycles, Aggregate Fluctuations, Risk Ratings, Economic Space

26.

Macroeconomic Surface Waves

Number of pages: 20 Posted: 11 Aug 2016 Last Revised: 19 May 2017
Victor Olkhov
Independent
Downloads 28 (718,468)
Citation 1

Abstract:

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Economic Theory, Economic Space, Macroeconomic Surface Waves

27.

Theoretical Economics and the Second-Order Economic Theory. What is it?

Number of pages: 14 Posted: 08 Dec 2021 Last Revised: 31 Dec 2021
Victor Olkhov
Independent
Downloads 26 (732,986)

Abstract:

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theoretical economics, price probability, volatility, market trades, expectations

28.

Economic and Financial Transactions Govern Business Cycles

ACRN Journal of Finance and Risk Perspectives, 8 (2019), 1-20
Number of pages: 20 Posted: 11 Jul 2019
Victor Olkhov
Independent
Downloads 26 (732,986)
Citation 3

Abstract:

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business cycle, economic transactions, risk assessment, economic space

29.

Modelling Economic and Financial Fluctuations, Transactions, and Waves

Number of pages: 22 Posted: 01 Aug 2017
Victor Olkhov
Independent
Downloads 26 (732,986)

Abstract:

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Economic Fluctuations; Economic Transactions; Risk Ratings; Economic Space; Economic Wave Equations

30.

New Essentials of Economic Theory II. Economic Transactions, Expectations and Asset Pricing

Number of pages: 27 Posted: 06 May 2019
Victor Olkhov
Independent
Downloads 25 (740,434)

Abstract:

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Economic Theory, Risk Ratings, Economic Space, Economic Transactions, Expectations, Asset Pricing

31.

Credit-Loans Non-Local Transactions and Surface-Like Waves

Number of pages: 23 Posted: 22 May 2017 Last Revised: 08 Jun 2017
Victor Olkhov
Independent
Downloads 24 (748,211)
Citation 4

Abstract:

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Macro-Finance, Non-Local Transactions, Economic Space, Surface-Like Waves

32.

Introduction of the Market-Based Price Autocorrelation

Number of pages: 13 Posted: 16 Feb 2022
Victor Olkhov
Independent
Downloads 22 (763,587)

Abstract:

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asset pricing, price probability, autocorrelation, market trades

33.

Transactions between Agents and Business Cycle Model

Number of pages: 31 Posted: 12 Jan 2018 Last Revised: 21 Sep 2018
Victor Olkhov
Independent
Downloads 20 (779,511)

Abstract:

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Business Cycle Fluctuations, Economic Transactions, Risk Ratings, Economic Space

34.

How Macro Transactions Describe the Evolution and Fluctuation of Financial Variables

Int. J. Financial Stud. 2018, 6, 38; doi:10.3390/ijfs6020038
Number of pages: 28 Posted: 13 Apr 2018
Victor Olkhov
Independent
Downloads 19 (787,764)
Citation 2

Abstract:

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macro transactions; macro finance; financial waves; risk ratings; economic space

35.

Financial Variables, Market Transactions, and Expectations as Functions of Risk

Int. J. Financial Stud. 2019, 7, 66; doi:10.3390/ijfs7040066
Number of pages: 27 Posted: 19 Nov 2019
Victor Olkhov
Independent
Downloads 18 (796,091)
Citation 1

Abstract:

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financial markets, risk ratings, financial flows, density functions

36.

Business Cycles as Collective Risk Fluctuations

Number of pages: 27 Posted: 17 Dec 2020 Last Revised: 28 Aug 2022
Victor Olkhov
Independent
Downloads 17 (804,531)

Abstract:

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37.

Price and Payoff Autocorrelations in the Consumption-Based Asset Pricing Model

Number of pages: 19 Posted: 08 Mar 2022 Last Revised: 09 Mar 2022
Victor Olkhov
Independent
Downloads 16 (813,345)
Citation 2

Abstract:

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asset pricing, autocorrelation, price probability, market trades

38.

Why Economic Theories and Policies Fail? Unnoticed Variables and Overlooked Economics

Number of pages: 26 Posted: 29 Aug 2022 Last Revised: 09 Sep 2022
Victor Olkhov
Independent
Downloads 4 (921,171)

Abstract:

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theoretical economics, macroeconomic variables, market trade, expectations, economic policy

39.

The Econophysics of Asset Prices, Returns and Multiple Expectations

Journal of Network Theory in Finance, Vol. 5, No. 3, 2019
Number of pages: 28 Posted: 19 Jan 2021
Victor Olkhov
Independent
Downloads 1 (947,422)
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Abstract:

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risk assessment, economic space, asset pricing, transactions, expectations