In the present paper a Barro-Gordon model of monetary policy with asymmetric information is considered. Since monetary policy formation is an ongoing process with repeated interactions between the central bank and the private sector, game-theoretic methodology is the appropriate tool to analyse...

Frontmatter -- Vorwort -- Inhaltsverzeichnis -- 1. Dimensionen und Perspektiven des Projektmanagements -- 2. Die Sachdimension des Projektmanagements -- 3. Die psycho-soziale Dimension des Projektmanagements -- 4. Die Ablaufdimension des Projektmanagements -- 5. Die Organisationsdimension des...

Basel II changes risk management in banks strongly. Internal rating procedures would lead one to expect that banks are changing over to active risk control. But, if risk management is no longer a simple "game against nature", if all agents involved are active players then a shift from a...

To explain the strategic dimension in pricing options, it will be helpful to go back to the heart of the idea behind the concept of an option: options open up the possibility to postpone current decisions to a future point of time. Because of this flexibility additional information and new...