This module has two main goals: it serves as a repetition of content students should already be familiar with as well as an application by transferring formulas into action. We rely on Excel, VBA, and MATLAB as software packages and cover basic concepts from B.Sc. studies as well as CFA Level I content. First and foremost, the essential time value of money, followed by applications in risk management as well as asset pricing, e.g. bonds, derivatives, and portfolios. By the end of this course, the participants are able to remember and to understand these basic concepts and they learned to apply these concepts on real data. Weiterlesen
The Expected Shortfall is a risk measure, which is also known as Conditional Value-at-Risk. It adds to the VaR since it determines the expected loss in case the probability level is exceeded.
Value-at-Risk is a common risk measure in the financial industry. Based on a real time series, I show how to determine the VaR empirically and analytically using the assumption of normal distributed returns.
From October 9th to 13th, I traveled to Hong Kong with 16 HSBA B.Sc. students and Sinan, my Ph.D. student.
This year, our destination had to be Asia, since five out of the top ten Global Financial Centres are located here. Currently, Hong Kong is third in the ranking, so we were curious what the city offers… besides a huge harbor and many, many skyscrapers…
Am Sonntag eskalierte die Lage in Katalonien: ein widerrechtliches Referendum trifft auf gewaltbereite spanische Polizisten. Mit Sebastian Leben von Börsen Radio Network AG spreche ich über die Implikationen für den Euro-Raum und die Stimmung an der Börse. Das Interview finden Sie hier.
Ab dem 1. Januar 2018 gibt es mal wieder eine Veränderung bei der Besteuerung — diesmal betrifft es die Erträge aus Publikumsfonds.