The financial market turmoil has been shocking the world since early 2008. As is aptly stated by the president of the European Central Bank, the widespread undervaluation of risk is one of the most important issues in this context and appropriate operational risk management is a crucial issue to be investigated.

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Simulation Based Bayes Procedures for Model Structures with Non-elliptical Posteriors

  • Lennart Hoogerheide,
  • Herman K.  van Dijk

摘要

The financial market turmoil has been shocking the world since early 2008. As is aptly stated by the president of the European Central Bank, the widespread undervaluation of risk is one of the most important issues in this context and appropriate operational risk management is a crucial issue to be investigated.