The objective of this paper is to implement a prototype of a currency crisis modelas part of an early warning system framework for Uganda. The financial systemsof developing countries like Uganda are especially vulnerable and therefore robustinstruments to predict crises are needed. Our model is...

The report describes the current developments of the German market for Non Performing Loans/Distressed Debt as it is influenced by the financial crisis/credit crunch. Furthermore the sale of (small and medium sized) real estate portfolios since summer 2007 is analysed in more detail.

Directors’ Dealings have been extensively analysed especially for U.S. and U.K.stock markets. This event study is meant to bridge the gap for Germany, Italy andthe Netherlands. The question to be investigated is whether board members andother company insiders earn abnormal returns with market...

This work describes the legal structuring of a mortgage covered bond in accordance withthe regulations of paragraphs 791 cont. and 1184 cont. German Civil Code (BürgerlichesGesetzbuch). The work shows how to structure the share of common rights of the bondholders according to the regulations of...

Since summer 2007 the Subprime credit crisis has been affecting the international financialmarkets. One of the consequences of the crisis was the collapse of the market for large-sizedleveraged buyout transactions in late 2007 and early 2008.The goal of this Working Paper is to examine to what...