Sibbertsen, Philipp; Stahl, Gerhard; Luedtke, Corinna - Universität <Hannover> / Wirtschaftswissenschaftliche … - 2008
Model risk as part of the operational risk is a serious problem for financial institutions.As the pricing of derivatives as well as the computation of the marketor credit risk of an institution depend on statistical models the application of awrong model can lead to a serious over- or...
