disequilibria are skyrocketing and default risk premiums and tensions within the Euro area are rising, thus jeopardizing the …

Assuming a risk-neutral bank and assuming household utility to be exponential, we show how under information symmetry …

We provide an economic valuation of the riskiness of risk models. We estimate the impact of model risks (estimation and … specification) on VaR estimates. We find that integrating the model risk into the VaR computations implies a substantial correction … relies on a backtesting framework, for integrating the global model risk into VaR estimates …

Mutual fund risk-taking via active portfolio rebalancing varies both in the crosssection and over time. In this paper …, I show that the same is true for funds' off- balance sheet risk-taking, even after controlling for on-balance sheet … information. In the empirical application, I show that German equity funds have increased their risk-taking via synthetic leverage …

, a thorough examination of the risk in the decision-making process of a company represents a substantial aspect. Although …The financial risk does not only affect the future of a company, but also the dynamic of the economy itself. Therefore … problems. No matter the context, the decision-making process cannot be established without a comprehensive analysis of …