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 … generating process is unknown in practice evaluatingthe model risk is a challenge. So far, definitions of model risk are …