Leptokurtic or platykurtic distributions can, for example, be generated by applying certain non-linear transformations to a Gaussian random variable. Within this work we focus on the class of so-called power transformations which are determined by their generator function. Examples are the...

Leptokurtic or platykurtic distributions can, for example, be generated by applying certain non-linear transformations to a Gaussian random variable. Within this work we focus on the class of so-called power transformations which are determined by their generator function. Examples are the...

Measuring interdependence between probabilities of default (PDs) in different industry sectors of an economy plays a crucial role in financial stress testing. Thereby, regression approaches may be employed to model the impact of stressed industry sectors as covariates on other response sectors....

Das essential präsentiert wissenschaftlich fundierte Erkenntnisse über das Wissen der Bevölkerung zu Risiko und Rendite bei Geldanlagen. Die Studie basiert auf den Ergebnissen einer anonymisierten Umfrage, die am Kompetenzzentrum Finanzen der Technischen Hochschule Nürnberg rund um das Thema...