New Developments in Financial Modelling

This volume brings together a variety of issues, methods and market instruments that should prove useful for topics courses, finance and asset management practice, and also foster future research. This collection of contributions is a selected subset of those presented at the XLI Meeting of the EURO Working Group on Financial Modelling, Lisbon, November 2007, and has a rich manifold of applied, theoretical and methodological work: o Banking, empirical assessment of efficiency and relationship banking; o Corporate Governance; o Market Microstructure: liquidity; price limits; volatility; o Risk: sovereign debt rating; volatility-volume around takeover announcements; o Multicriteria approach and portfolio selection; o Modified Tempered Stable Distribution and GARCH modelling. In sum, this contributed volume, joining many authors from academia and practice on finance, offers a multiplicity of issues and methodology that broadens the knowledge and skills in finance matters and raises research questions for further development.