Articles liés à Crisis, Debt, and Default: The Effects of Time Preference,...

Crisis, Debt, and Default: The Effects of Time Preference, Information, and Coordination - Couverture souple

Ernstberger, Philip

 
9783658132309: Crisis, Debt, and Default: The Effects of Time Preference, Information, and Coordination
Couverture souple
ISBN 10 : 3658132302 ISBN 13 : 9783658132309
Editeur : Springer Gabler, 2016

Synopsis

Philip Ernstberger analyses in his three essays different topics of financial pathologies. Thereby, changes in fundamentals as well as information are considered as the driving force for the behavior of speculators and investors. The first essay deals with currency crises, in which the central bank, through setting the interest rate, steers the economy and defends against speculators. The second essay examines the effects of a rating and possible biases on the coordination of investors and the pricing of debt. In the third essay the author uses forecasts of default probabilities and implied market default probabilities to infer the weighing of information by investors. 

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À propos de l'auteur

Dr. Philip Ernstberger is currently working as a senior consultant in the field of risk modeling, concentrating on stress testing and operational risk methodologies, as well as rating model development and validation.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
Springer Gabler
Date d'édition
2016
Langue
anglais
ISBN 10 
3658132302
ISBN 13 
9783658132309
Reliure
Broché
Numéro d'édition
1
Nombre de pages
152
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