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STRUCTURAL MODELS IN CONSUMER CREDIT
Andrade, Fabio de; Thomas, Lyn - EconWPA - 2004
We propose a structural credit risk model for consumer lending using option theory and the concept of the value of the … the Basel II approach. Our conclusions partially support that approach for modelling the credit risk of portfolios of …
Persistent link: https://www.econbiz.de/10005126110
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Software houses: Changing from Product vendors into solution Providers
Heng, Stefan - EconWPA - 2005
Integrating hitherto separate IT systems while keeping within with tight budgetary restrictions is becoming the dominant software trend in this decade. Optimism is currently starting to spread again in software houses. However, there are marked regional differences in potential. Contrary to some...
Persistent link: https://www.econbiz.de/10005561401
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The evolution of retail banking services in United Kingdom: a retrospective analysis
Consoli, Davide - EconWPA - 2003
The purpose of this paper is to assess the sequence of technological changes occurred in the retail banking sector of the United Kingdom against the emergence of customer services by developing an evolutionary argument. The historical paradigm of Information Technology provides useful insights...
Persistent link: https://www.econbiz.de/10005134541
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Risk and De-collectivization in the Czech Republic
Bezemer, Dirk J. - EconWPA - 2001
of family farms and socialist-style farms in the presence of risk, given the typical post-socialist environment …
Persistent link: https://www.econbiz.de/10005555994
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A Rational Irrational Man
Harin, Alexander - EconWPA - 2005
paradox, risk aversion and other well-known fundamental problems. For a long time, this opinion was a barrier to proper …
Persistent link: https://www.econbiz.de/10005560978
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Gains and losses: the same or different choices? A “non-ideal” economics approach.
Harin, Alexander - EconWPA - 2005
Ideal economics? A “non-ideal” economics approach has been proposed, which considers the possibility of arrangement infringements. It gives promises for both solving fundamental problems of economic theory and creation of new directions and fields of research. The approach application in...
Persistent link: https://www.econbiz.de/10005124942
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Scientific Revolution. A Farewell to EconWPA.
Harin, Alexander - EconWPA - 2005
A revolution in economics. Is it possible? Is its concept a transition from ideal to real economics? The way to the transition may be a new aspect of uncertainty. Problems, which can be solved, research fields, which can be augmented or created, and fields of applications in practical economy...
Persistent link: https://www.econbiz.de/10005126070
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Income Fluctuations, Poverty and Well-Being Over Time: Theory and Application to Argentina
Cruces, Guillermo - EconWPA - 2005
This paper studies poverty as a dynamic phenomenon, motivated by the recurring economic crises that affect developing countries and the incidence of income fluctuations on household welfare. While the increasing availability of household panel data has been exploited in theoretical analysis and...
Persistent link: https://www.econbiz.de/10005408367
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“Winners take all competition”, creative destruction and stock market bubble
Boucher, Christophe - EconWPA - 2003
From the model of Hobijn and Jovanovic (2001), we modelize a technological shock with uncertainty. We assume that this technological shock appears in the shape of new firms. Only a part of these firms will be productive. Uncertainty relates to the identification of the viable firms. This...
Persistent link: https://www.econbiz.de/10005561579
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Bank Risk-Taking in a Prospect Theory Framework Empirical Investigation in the Emerging Markets’ Case
Godlewski, Christophe - EconWPA - 2004
bank risk-taking behavior. We especially focus on the different valuation of gains and losses relative to a reference point …, and the changing attitude toward risk conditional on the domain (gains vs losses) features (Tversky and Kahneman 1992). We … follow a methodology based on Fiegenbaum and Thomas (1988) and the Fishburn (1977) measure of risk, applied to a sample of …
Persistent link: https://www.econbiz.de/10005413102