derivatives. It characterizes optimal hedge positions and shows that regret aversion leads to stronger incentives to hedge …

literature is twofold: (i) We present a theoretical two-period regret model that allows us to analyze the determinants of the …

This paper is the first to analyze the joint determinants of premiums and spreads in structured financial products … other, and depend on different key determinants. The economically significant determinants of the premiums are mainly profit …

for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … as a result of the crisis. Over the past decade, credit derivatives emerged as an important part of credit risk … credit derivatives, no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is …

for financial institutions. At the same time, the use and the valuation of credit derivatives has been widely criticised … as a result of the crisis. Over the past decade, credit derivatives emerged as an important part of credit risk … credit derivatives no longer seems to be an appropriate alternative. However, correct valuation of these derivatives is still …