Il modello di Black-Litterman (BL) è uno strumento molto efficace capace di rispondere positivamente alle critiche mosse —anche ingiustificatamente— al modello di ottimizzazione di portafoglio media-varianza. È uno strumento efficace in grado di integrare in modo coerente le prospettive dell’investitore all’interno di un modello di equilibrio generale. Consente di tenere
Non-performing loans (NPLs) have been plagueing Italy’s economy since the financial crisis broke out in 2007 and economic headwinds have since then been pushing back Italian banks’ capability of shedding them at least until late 2016. Economists know that high levels of non-performing loans in banks’ balance sheets hinder the
M&A deals in the tech industry over the last 20 years show some interesting patterns, though there seems to be neither any seasonal nor cyclical pattern. Read the analysis here.
A heuristic approach to assessing default risk in debt repayment of retail exposures is a rather straightforward debt sustainability ratio. Read on as a HTML independent file.
Loss rates on loans are explained by a number of drivers that for a single loan can be summarized as read it as an independent html file (with R code).