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A value at risk analysis of credit default swaps

Scheicher, Martin; Raunig, Burkhard - 2008

We study the risk of holding credit default swaps (CDS) in the trading book. In particular, we compare the Value at Risk (VaR) of a CDS position to the VaR for investing in the respective firm's equity. Our sample consists of CDS – stock price pairs for 86 actively traded firms over the period...

Persistent link: https://www.econbiz.de/10010295949

Perspectives on the World Income Distribution: Beyond Twin Peaks Towards Welfare Conclusions

Weisbrod, Julian; Vollmer, Sebastian; Holzmann, Hajo - 2007

This paper contributes towards the growing debate concerning the world distribution of income and its evolution over …

Persistent link: https://www.econbiz.de/10010296043

Value-at-risk of carbon constraints : an input oriented approach of resource scarcity

Busch, Timo; Raschky, Paul - 2004

The purpose of this study is to broaden the discussion on corporate enviromental risk exposure by integrating an oil scarcity factor. This broader approach can be utilized as a means of instigating a discussion on carbon risks beyond output oriented adaption and mitigation strategies. Even...

Persistent link: https://www.econbiz.de/10010296136

Was ist gerecht? Nutzungsrechte an natürlichen Ressourcen in der Klima- und Biodiversitätspolitik

Brouns, Bernd - 2004

Was ist gerecht? In einer Welt zunehmenden Zugriffs auf die Natur stellt sich diese zentrale Frage auch für die Nutzung …

Persistent link: https://www.econbiz.de/10010296138

Am Beispiel Baumwolle: Flächennutzungskonkurrenz durch exportorientierte Landwirtschaft

Paulitsch, Katharina - 2004

internationale Arbeitsteilung und stellt damit einen Motor der Globalisierung dar. Am Beispiel des Baumwollanbaus wird dargelegt, wie … sich im Rahmen der Globalisierung der Konsum der Industrieländer auf die Flächennutzung in den Entwicklungsländern auswirkt … verschärft werden. Handelspolitische Mindeststandards allein sind kein geeignetes Instrument, die Dynamik der Globalisierung zu …

Persistent link: https://www.econbiz.de/10010296140

Intellectual Property Rights and Biological Resources: An Overview of Key Issues and Current Debates

Díaz, Carolina Lasén - 2005

around the world. The paper starts by outlining the background and evolution of intellectual property rights. It then … on the Convention of Biological Diversity (CBD), the World Intellecutal Property Organization (WIPO), and the World Trade … WTO (TRIPS) und der World Intellecutal Property Organization (WIPO). Ferner wird auch die zunehmende Bedeutung bilateraler …

Persistent link: https://www.econbiz.de/10010296143

Corporate practices and national governance systems: what do country rankings tell us?

Cornelius, Peter K. - 2004

pilot governance index developed by the Financial Times and ISS and compares it with new survey evidence from the World …

Persistent link: https://www.econbiz.de/10010296152

Pair-wise cointegration in long-run growth models

Bergheim, Stefan - 2007

This paper presents a novel theoretical and empirical approach to the analysis of long-run economic growth. It shows that most traditional theoretical models share the feature of pair-wise cointegration among the main variables. An augmented Kaldor model is proposed in contrast to the standard...

Persistent link: https://www.econbiz.de/10010296161

Determinants of Foreign Direct Investment of OECD Countries 1991-2001

Gast, Michael - 2005

Using a fixed-effects panel data approach, FDI flows of 22 OECD countries are explained by gravity equations over the period 1991-2001. It is distinguished between all available observations, Intra-EU25 observations only, and observations not belonging to the EU25 area in order to control for...

Persistent link: https://www.econbiz.de/10010296170

Globalisability of Universalisability? How to apply the Generality Principle and Constitutionalism internationally

Wohlgemuth, Michael; Sideras, Jörn - 2004

Our aim is to address some elementary aspects of the innate trade-off between both classical liberal requirements for an adequate order of rules: (a) effectiveness in the sense of the rules' congruence with a given order of (economic) actions and (b) legitimacy in the sense of the rules?...

Persistent link: https://www.econbiz.de/10010296188