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Crisis, Debt, and Default: The Effects of Time Preference, Information, and Coordination
Philip Ernstberger
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Description for Crisis, Debt, and Default: The Effects of Time Preference, Information, and Coordination
paperback. Num Pages: 152 pages, 35 black & white illustrations, biography. BIC Classification: KCA; KCP; KFF. Category: (G) General (US: Trade). Dimension: 210 x 148 x 9. Weight in Grams: 211.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
2016
Publisher
Springer Gabler Germany
Number of pages
152
Condition
New
Number of Pages
138
Place of Publication
, Germany
ISBN
9783658132309
SKU
V9783658132309
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About Philip Ernstberger
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.
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