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The new Basel accord and the nature of risk : a game theoretic perspective

Bieta, Volker; Broll, Udo; Milde, Hellmuth; Siebe, Wilfried - 2007

- game theory is a useful set of tools for better understanding different risk settings. Embedded in a short history of the … Basel Accord in this article we introduce some basic ideas of game theory in the context of rating procedures in accordance … with Basel II. As well, some insight is given how game theory works. Here, the primary value of game theory stems from its …

Persistent link: https://www.econbiz.de/10003481314

Spieltheoretische Analyse eines Kampfes auf dem Ratingmarkt : der Fall: DBRS gegen etablierte Ratingagenturen

Smilyanets, Sergey - 2010

Persistent link: https://www.econbiz.de/10003992204

Essays on evolution, reputation and rationality

Shapiro, Dmitry - 2006

Persistent link: https://www.econbiz.de/10003965716

Modelling the role of credit rating agencies : do they spark off a virtuous circle?

Bannier, Christina E. (contributor); … - 2005

In this paper, we propose a model of credit rating agencies using the global games framework to incorporate information and coordination problems. We introduce a refined utility function of a credit rating agency that, additional to reputation maximization, also embeds aspects of competition and...