Europe's next model: zur Bedeutung von Risikomessmodellen in Finanzmarktlehre, -aufsicht und -industrie

In: Prokla: Zeitschrift für kritische Sozialwissenschaft, Band 41, Heft 3, S. 447-458

Abstract

"The importance of Finance theory and risk modelling has dramatically increased over the past decades in academic life, banks and the finance industry, and in regulatory and supervisory bodies. This increase not only nurtured the somewhat illusory belief that risk is measurable but also changed the lending behaviour of banks and the funding function of financial intermediaries with potential ample effects on the accumulation process." (author's abstract)