We are seeking to fill a research and teaching assistant position with the goal of studying for a PhD. Pleae contact Gunter Löffler via email if you are interested.


Were the prices of internet and technology stocks really too high in early 2000? Or was the subsequent decline in prices too strong?  A study that is forthcoming in the Financial Review favors the second explanation. Whether there was a speculative bubble or not is thus much more difficult to decide than many observers think.

Do popular measures of systemic risk reliably indicate how much financial stability is threatened by individual institutions? A paper to be published in the Journal of Financial and Quantitative Analysis shows that there are many cases in which the measures can give misleading indications and create wrong incentives.

Were contagion effects in the euro debt crisis as relevant as many observers believed them to be? A new study with surprising results is published in the Journal of Fixed Income.




Credit risk modeling using Excel and VBA

The 2nd edition of the successful book by Gunter Löffler und Peter N. Posch has been released.