[Abstract]: Intellectual capital (IC) represents the collective knowledge that is embedded in the personnel, organisational routines and network relationships of an organisation. IC is therefore applicable to any organisation regardless of whether it is profit oriented or not in the knowledge...

Modeling portfolio credit risk involves the default dependencies between the individual securities in a portfolio. The copula is a common approach to construct it. It parameterizes the joint distribution of individual defaults independently of their marginal distributions. The current market...

This thesis examines a number of issues regarding the Mortensen-Pissarides search and matching model’s empirical performance. Chapter 1 documents the volatility puzzle with the Canadian data. The combined data from both Canada and the United States present an additional difficulty. Even if the...