market is completely characterized by the absence of both arbitrage opportunities and dominated securities, an insight that …

The often discussed problems of aggregating tangible capital assets across vintages and of decomposing value aggregates … the interest rate and the capital's age? In discussing these issues, five related quantity variables and five related …

a financial institution's economic capital. Based on a numerical simulation model, we provide concrete examples of how … granularity affects capital levels. We achieve this by following two simulation approaches, including a dynamic setup as a more … lead to significant changes in the competitive environment should banks consider adding a granularity adjustment to the …