This study provides the valuation of mortgage insurance (MI) considering upward and downward jumps in housing prices, which display separate distributions and probabilities of occurrence, and the mortgage insurer's default risk. The empirical results indicate that the asymmetric double...

This paper studies the use of psychometric tests, which were designed by the Entrepreneurial Finance Lab as a tool to screen out high credit risk and potentially increase access to credit for small business owners in Peru. The analysis uses administrative data covering the period from June 2011...

Kreditinstitute werden heute vor die Herausforderung gestellt, einen effektiven und effizienten Risikomanagementprozess zu etablieren. Insbesondere bei der Bewertung von Unternehmensanleihen und Krediten wird diese Notwendigkeit deutlich. Die Arbeit greift diese Problemstellung auf, indem ein...