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Transparency through financial claims with fingerprints : a free markket mechanism for preventing mortgage securitization induced financial crises

Gründl, Helmut; Post, Thomas - 2009

Persistent link: https://www.econbiz.de/10004939741

Quantifizierbarkeit von Risiken auf Finanzmärkten

Härdle, Wolfgang; Kirchner, Christian - 2009

Die Krise der internationalen Finanzmärkte hat die allgemeine Wahrnehmung für die in diesen Märkten inhärenten Risiken merklich verändert. Glaubten manche Anleger in den Boomphasen der Finanzmärkte, dass sich eine hohe Kapitalrendite mit geringem Risiko verbinden ließe, wenn man nur die...

Persistent link: https://www.econbiz.de/10004956566

Two-sided certification : the market for rating agencies

Fasten, Erik R.; Hofmann, Dirk - 2010

Certifiers contribute to the sound functioning of markets by reducing asymmetric information. They, however, have been heavily criticized during the 2008-09 financial crisis. This paper investigates on which side of the market a monopolistic profit-maximizing certifier offers his service. If the...

Persistent link: https://www.econbiz.de/10004956926

On the coexistence of banks and markets

Gersbach, Hans; Uhlig, Harald - 2006

the standard commercial bank (henceforth standard bank), can act as a delegated monitor in the sense of the term used by … different strands in the literature. Its first subject is about competition between banks. Comprehensive surveys on bank com … banks. Second, Boot and Thakor (2000) examine whether relationship banking that involves unique bank-specific services can …

Persistent link: https://www.econbiz.de/10004875336

Estimation of default probabilities with support vector machines

Chen, Shiyi; Härdle, Wolfgang; Moro, Rouslan A. - 2006

Persistent link: https://www.econbiz.de/10004875454

Sensitivity of risk measures with respect to the normal approximation of total claim distributions

Krätschmer, Volker; Zähle, Henryk - 2010

A simple and commonly used method to approximate the total claim distribution of a (possible weakly dependent) insurance collective is the normal approximation. In this article, we investigate the error made when the normal approximation is plugged in a fairly general distribution-invariant risk...

Persistent link: https://www.econbiz.de/10004959423