This authoritative collection of papers covers a broad spectrum of topics in theoretical and applied economics and econometrics. The tone of the book is set by Paul Klemperer’s contribution on using and abusing economic theory, in which academics are encouraged to widen the scope of their...

This authoritative collection of papers covers a broad spectrum of topics in theoretical and applied economics and econometrics. The tone of the book is set by Paul Klemperer's contribution on using and abusing economic theory, in which academics are encouraged to widen the scope of their...

Zusammenfassung Die Implementierung bedeutender europäischer Kapitalmarktrechtsakte ist in vollem Gange. Schrittweise werden sich die normativen Vorgaben insbesondere des Wertpapierhandelsgesetzes weiter signifikant verändern. Die Novellierung macht auch vor den sanktionsrechtlichen...

Forecasting volatility has received a great deal of research attention, with the relative performances of econometric model based and option implied volatility forecasts often being considered. While many studies find that implied volatility is the pre-ferred approach, a number of issues remain...