Titlebook: Risk Management; Challenge and Opport Michael Frenkel,Markus Rudolf,Ulrich Hommel Book 2005Latest edition Springer-Verlag Berlin Heidelberg

Debate

JECT

Conflicts of Interest and Market Discipline in Financial Services Firmss based on financial market imperfections and asymmetric information. This paper proposes a workable taxonomy of conflicts of interest in financial services firms, and links it to the nature and scope of activities conducted by such firms, including possible compounding of interest-conflicts in mult

使糾纏

Risk Management and Value Creation in Bankshan on how much or what sort of risk management is optimal for a particular firm/bank. Therefore, we develop in this chapter the foundations for a normative theory of risk management in banks. We first explain the need for a consistent framework for risk management at the corporate level in banks. W

怒目而視

cartilage

Brain-Imaging

織布機(jī)

事物的方面

Value at Risk, Bank Equity and Credit Risk. As a risk management tool VaR allows to control for the probability of bankruptcy. It is shown that the required amount of equity capital depends upon managerial and market factors, and that equity and asset/liability management has to be addressed simultaneously.

gorgeous

Parametric and Nonparametric Estimation of Conditional Return Expectationsnonparametric techniques. Our results indicate that nonparametric regressions capture some nonlinearities in financial data. In-sample forecasts of international stock market returns are improved with nonparametric techniques. However, there is very little out-of-sample prediction power for both lin

Postulate

Evaluating Credit Risk Models internal models in the Basel Capital Accord highlight this fact. Basel II does not allow the use of full-scale credit portfolio risk models for regulatory capital calculation because regulators are concerned that model quality cannot be validated accurately enough. However, banks are allowed to use