The recent global financial crisis has once again shown how fragile the financial system is. This essay investigates the credit risk in the Nordic banking sector by measuring the probability of default of the six major Nordic banks. This is done by using the Merton (1974) model which utilizes stock prices as well as balance sheet data. The results are compared with an approach first suggested by Hall and Miles (1990) which relies solely on stock market prices. In order to highlight the risk of a highly concentrated banking sector, the essay also investigates the spillover effects from one bank to another. The essay follows the example of Adrian and Brunnermeier (2011) that have developed the commonly used VaR into CoVaR, a risk measure that...
The aim of this paper is to examine the effect small and medium enterprises’ (SMEs) access to financ...
"Aspatial Peripherality, Innovation and the Rural Economy" (AsPIRE) was a European research project ...
This master`s thesis focuses on the prevention, management, and communication of energy blackouts in...
Crime is one of the most harmful social problems throughout the world suggesting that the topic of c...
Neurodevelopment of preterm children has become an outcome of major interest since the improvement i...
In this paper we study the determinants of sovereign debt credit ratings using rating notations from...
Introduction: The rate of sickness absence is one of the greatest concerns in the developed countrie...
This project discusses about Credit Rating Agencies and the conflict of interests that they face wit...
The global financial crisis that burst in 2008 adversely affected business performance in many count...
In this thesis I presented two essays motivated by the observation that financial crises tend to be ...
A Work Project, presented as part of the requirements for the Award of a Masters Degree in Managemen...
Summary Intra-firm linkages engage units of the MNE into a more coherent whole as more resource tra...
Objectives: This is a protocol for a Cochrane Review (diagnostic). The objectives are as follows: ...
This paper provides an overview of disaster risk financing mechanisms, both traditional instruments ...
This thesis explores the role of states in propelling financialisation. The neoliberal period has be...
The aim of this paper is to examine the effect small and medium enterprises’ (SMEs) access to financ...
"Aspatial Peripherality, Innovation and the Rural Economy" (AsPIRE) was a European research project ...
This master`s thesis focuses on the prevention, management, and communication of energy blackouts in...
Crime is one of the most harmful social problems throughout the world suggesting that the topic of c...
Neurodevelopment of preterm children has become an outcome of major interest since the improvement i...
In this paper we study the determinants of sovereign debt credit ratings using rating notations from...
Introduction: The rate of sickness absence is one of the greatest concerns in the developed countrie...
This project discusses about Credit Rating Agencies and the conflict of interests that they face wit...
The global financial crisis that burst in 2008 adversely affected business performance in many count...
In this thesis I presented two essays motivated by the observation that financial crises tend to be ...
A Work Project, presented as part of the requirements for the Award of a Masters Degree in Managemen...
Summary Intra-firm linkages engage units of the MNE into a more coherent whole as more resource tra...
Objectives: This is a protocol for a Cochrane Review (diagnostic). The objectives are as follows: ...
This paper provides an overview of disaster risk financing mechanisms, both traditional instruments ...
This thesis explores the role of states in propelling financialisation. The neoliberal period has be...
The aim of this paper is to examine the effect small and medium enterprises’ (SMEs) access to financ...
"Aspatial Peripherality, Innovation and the Rural Economy" (AsPIRE) was a European research project ...
This master`s thesis focuses on the prevention, management, and communication of energy blackouts in...
Add to ORKG