Showing 1 - 4 of 4
Statistical analyses on actual data depict operational risk as an extremely heavy-tailed phenomenon, able to generate losses so extreme as to suggest the use of infinite-mean models. But no loss can actually destroy more than the entire value of a bank or of a company, and this upper bound...
Persistent link: https://www.econbiz.de/10012970759
Persistent link: https://www.econbiz.de/10011825063
Persistent link: https://www.econbiz.de/10012503883
Persistent link: https://www.econbiz.de/10013348601