Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 6 of 6 for “"credit instruments"”.
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Utility Indifference Pricing of Credit Instruments
While the market for credit instruments grew continuously in the decade before 2008, its liquidity has dried up significantly in the current crisis, and investors have become aware of the possible consequences of being exposed to credit risk. In this thesis we address these issues by pricing credit …
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Gli strumenti finanziari nell'era digitale
… the process of digitisation of financial instruments following the adoption of distributed ledger technologies (DLT). Starting from a historical analysis of mass credit instruments and their traditional function of wealth mobilisation, the study reconstructs the gradual decline in the …
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The Informational Value of Corporate Credit Ratings
This thesis examines the quality of credit ratings issued by the three major credit rating agencies - Moody’s, Standard and Poor’s and Fitch. If credit ratings are informative, then prices of underlying credit instruments such as fixed-income securities and credit default insurance should change to …
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Modelling portfolios of credit securities
The study of credit derivatives is one of the most popular and controversial issues that concerns the entire financial industry. Increases of defaults and bankruptcies during the recent credit crunch has stipulated a heated debate about the adequacy of the existing pricing and hedging methodologies …
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Paths toward the modern fiscal state : England (1642-1752), Japan (1868-1895), and China (1850-1911)
… from the interactions between a profound state credit crisis and socio-economic conditions. Such credit crises were caused by excessive dependence upon fictitious credit instruments such as bills of short-term borrowing unfunded by tax revenue in England or non-convertible paper notes in Japan. …
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Contagion and Systemic Risk in Financial Networks
… regarding the meaning of structured finance credit ratings issued by rating agencies and the methodology behind them. Chapter 6 aims at clarifying some misconceptions related to structured finance ratings and how they are commonly interpreted: we discuss the comparability of structured …