Um in einer (bald wieder) globalisierten Welt effektiv wirksam zu sein, sollten nicht nationale Regierungen, sondern die WHO eine globale Contact-Tracing-App erstellen.

Vor bald zwanzig Jahren erblickte das Agile Manifest das Licht der Welt. In Zeiten von Corona helfen agile Methoden, den digitalen Kapitalismus flexibel und widerstandsfähig zu machen.

We introduce a neural network approach for assessing the risk of a portfolio of assets and liabilities over a given time period. This requires a conditional valuation of the portfolio given the state of the world at a later time, a problem that is particularly challenging if the portfolio...

In this paper, we propose a novel framework for estimating systemic risk measures and risk allocations based on Markov Chain Monte Carlo (MCMC) methods. We consider a class of allocations whose jth component can be written as some risk measure of the jth conditional marginal loss distribution...

Using unique data of a survey among small and medium-sized German banks, we analyze various aspects of risk management over a short-term and medium-term horizon. We especially analyze the effect of a 200-bp increase in the interest level. We find that, in the first year, the impairments of...

Firm-level default models are important for bottomup modeling of the default risk of corporate debt portfolios. However, models in the literature typically have several strict assumptions which may yield biased results, notably a linear effect of covariates on the log-hazard scale, no...