This paper develops a contracting framework in order to explore the effects of credit derivatives on banks incentives to monitor loans, their incentives to intervene, and, ultimately, borrowers incentives to perform.

Der Einsatz von Wissensmanagementsystemen (WMS) zur Unterstützungder Prozessausführung etabliert sich zusehends auch im Bereich operativerKundenserviceprozesse. Allerdings fehlt es zur Unterstützung derartigerInvestitionsentscheidungen an adäquaten ökonomischen Bewertungsverfahren.Im...

Due to their business activities, banks are exposed to many different risk types. Peter Grundke shows how various risk exposures can be aggregated to a comprehensive risk position. Furthermore, computational problems of determining a loss distribution that comprises various risk types are...