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Stange, Sebastian; Kaserer, Christoph - Center for Entrepreneurial and Financial Studies <München> - 2009

Market liquidity is the ease of trading an asset. Its risk is the potential loss, because a security can only be traded at high or prohibitive costs. While the omnipresence and importance of market liquidity is widely acknowledged, it has long remained a more or less elusive concept. Treatment...

Persistent link: https://www.econbiz.de/10005870300

Modellierung desKreditrisikos im Portfoliofall

Cremers, Heinz; Walzner, Jens - Frankfurt School of Finance & Management - 2009

key focus of thisworking paper.Literature distinguishes between three different kinds of credit pricing models: Asset …

Persistent link: https://www.econbiz.de/10008695277

Loan Pricing: Thinking Collateral

Akgün, Aydin; Vanini, Paolo - National Centre of Competence in ResearchFinancial … - 2009

We introduce a framework for analyzing the interplay between credit risk and collateralmarket risk on loan pricing. To …. The framework allows usto develop semi-analytical pricing formulae for loans where the borrower's creditworthinessand …

Persistent link: https://www.econbiz.de/10005868725