Studies of Credit and Equity Markets with Concepts of Theoretical Physics

Name: Studies of Credit and Equity Markets with Concepts of Theoretical Physics
Author: Michael Münnix

Paperback Engels 2011 2011e druk 9783834817716

60,99

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Michael C. Münnix analyses the statistical dependencies in financial markets and develops mathematical models using concepts and methods from physics. The author focuses on aspects that played a key role in the emergence of the recent financial crisis: estimation of credit risk, dynamics of statistical dependencies, and correlations on small time-scales. He visualizes the findings for various large-scale empirical studies of market data. The results give novel insights into the mechanisms of financial markets and allow conclusions on how to reduce financial risk significantly.