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Implied Base Correlations of Single-tranche CDOs on standardized Credit Indices such asthe iTraxx Europe have been used in the credit derivatives market for price communication.During the financial crisis, implied correlations have been quite volatile indicating thegrowing fraction of systematic...
Persistent link: https://www.econbiz.de/10008695300
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.
Persistent link: https://www.econbiz.de/10005865577
Neuroeconomics stays in the center of the ongoing naturalistic turn in economics. It portraysthe individual as a complex system of decision making mechanisms and modules. This resultsinto a conceptual tension with the standard economic notion of the unity of the actor that is asystemic property...
Persistent link: https://www.econbiz.de/10005865581