Available Bachelor thesis topics

 

Crypto Assets

Bitcoin as a New Asset Class (reserved)

The thesis should conduct a comprehensive investigation whether Bitcoin can be considered being a new asset class. The thesis should also conduct (simple) portfolio analysis by incorporating Bitcoin on top of traditional assets such as stocks, bonds, real estate, and commodities. Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

Risks and Returns of Crypto Assets (reserved)

The thesis should replicate and update a recent publication by Liu and Tsyvinski (2020). Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

Price and Volatility Pattern of Crypto Assetss

The thesis should replicate and update publications by Caporale and Plastun (2019) and Baur et al. (2019). An reasonable extension would be to use (non-stable) Altcoins in addition to Bitcoin. Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

Stock-to-Flow Valuation: The case of Bitcoin and Etherium

The thesis should analyze whether the Stock-to-Flow approach is suitable in predicting Bitcoin and Ethereum. Read these sources (1 and 2) to start with. Students should also propose suitable demand factors to enhance the prediction models. Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

 

Asset management and asset pricing:

One-time investment versus savings plan

The thesis should compare two strategies once a lump sum of money is available for investment (e.g., because of inheriting lots of money, selling a valuable asset such as a house): one-time investment versus partially investing smaller amounts of money. Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

Dividend-based investment strategies

The thesis should backtest an applied dividend-based investment strategy (find first information here) using European stock market data. Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

Market overview crypto currencies

The thesis should conduct a comprehensive overview of crypto currencies (CC). A database with available CC should be developed. Most important questions: what are the most important CC? What are the rising stars (strongest market cap increases last 12 months)? What are the correlations within CC and between CC and fiat currencies? Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

CO2 as a new asset class

The thesis should conduct a comprehensive investigation whether CO2 certificates can be considered being a new asset class. The thesis should also conduct (simple) portfolio analysis by incorporating CO2-backed assets on top of traditional assets such as stocks, bonds, real estate, and commodities. Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

 

Credit Risk:

The European Market for Credit Ratings (reserved)

The thesis should discuss the European Market for Credit Ratings using publicly available data from ESMA. In particular, the thesis should discuss i) the market share, and ii) the rating performance of registered rating agencies in the corporate and structured markets. Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

Does DBRS provide soft ratings?

The thesis should discuss whether the fourth largest rating agency in Europe, DBRS, provides ratings that appear relatively soft compared to the top-3 rating agencies. Data needs to be compiled using Bloomberg. Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

German SME credit ratings

The thesis should investigate the collapse of the German SME credit ratings. Smaller credit rating agencies such as Creditreform and Euler Hermes were assigning low investment grade ratings to German SMEs. Ex post, default rates were very high compared to firms that were initially rated similarly by the top-3 rating agencies. Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

 

Banking:

A contemporary survey of literature on regulatory reporting

After the financial crisis of 2008/09, one strand of literature highlighted the weaknesses in regulatory requirements, regulatory reporting and/or implementation of regulations. For example, Behn et al. (2016) show that when the banks use internal models to estimate risk for regulatory purposes, they understate their credit risk. Similarly, Da Veiga et al. (2012) show that the banks understate VAR for reporting purposes. This thesis should provide an overview of the recent empirical literature on regulatory requirements, and reporting behavior of banks. The thesis should also identify avenues for future research. If you are interested, please contact Mahvish Naeem.

 

Digital money and central bank digital currency 
Central banks already issue digital money, but only to a select group of financial institutions. Central bank digital currency would extend this to households and firms. This thesis should examines the proposal for such currency and assesses the opportunities and risks. Related literature can be found here. Please contact Andre Guettler if you are interested. Thesis can be written in English or German.

 

Case study Wirecard

Thesis should wrap up the case of Wirecard, the first time a DAX 30 company went bankrupt. Please contact Andre Guettler  if you are interested. Thesis can be written in English or German.

 

Green finance:

Green Monetary Finance 

The thesis should discuss the pros and cons of Ms. Lagarde's (ECB's president) green push in monetary policy. Related literature can be found here. Please contact Andre Guettler if you are interested. Thesis can be written in English or German.