We use a model of a bank under perfect competition to examine effects of derivatives for tradeable and non tradeable …

We use a model of a bank under perfect competition to examine effects of derivatives for tradeable and non tradeable …

for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … as a result of the crisis. Over the past decade, credit derivatives emerged as an important part of credit risk … credit derivatives, no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is …

for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … as a result of the crisis. Over the past decade, credit derivatives emerged as an important part of credit risk … credit derivatives no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is still …