as well as the considerations of catastrophic risk and extremal events. Leading experts address questions of economic … governance, risk management, policy decision making and distribution across time and space …Part I. Catastrophic risk in economic theory -- Catastrophic Risk, Rare Events, and Black Swans: Toward an Alternative …

Fachzeitschriften, u. a. Frankfurter Allgemeine Zeitung, Welt, Harvard Business Review, sowohl in Deutschland als auch in den USA …

to systemic risk”, funded by the German Research Foundation (DFG). …

-- The Credit Market and Economic Activity: Theories on Credit Market, Credit Risk and Economic Activity -- Empirical Tests … -- Exchange Rate Shocks, Financial Crisis and Output Loss -- International Portfolio and the Diversification of Risk … such as the term structure of interest rates, credit derivatives and credit risk, domestic and international portfolio …

The world has changed dramatically in recent years and so has the field of economics, but many introductory economics … presents the main macroeconomic and financial patterns observed across the world, the institutions that govern national … they apply in real-world situations. Throughout the book, the post-2007 financial crisis is a continuing focus and …

main themes are: financial crises, credit activity, capital markets and risk management …