Crisis, Debt, And Default: The Effects Of Time Preference, Information, And Coordination by Philip ErnstbergerCrisis, Debt, And Default: The Effects Of Time Preference, Information, And Coordination by Philip Ernstberger

Crisis, Debt, And Default: The Effects Of Time Preference, Information, And Coordination

byPhilip Ernstberger

Paperback | May 12, 2016

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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.
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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Title:Crisis, Debt, And Default: The Effects Of Time Preference, Information, And CoordinationFormat:PaperbackDimensions:138 pages, 21 × 14.8 × 0.17 inPublished:May 12, 2016Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:3658132302

ISBN - 13:9783658132309

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Table of Contents

The Dynamics of Currency Crises.- The Mispricing of Debt - Influences of Ratings on Coordination.- Probability of Default and Precision of Information.