WorldCat Identities

Erlenmaier, Ulrich

Works: 10 works in 49 publications in 2 languages and 146 library holdings
Roles: Author, Creator
Publication Timeline
Most widely held works by Ulrich Erlenmaier
Flexible majority rules by Ulrich Erlenmaier( Book )

10 editions published between 1999 and 2001 in English and German and held by 35 WorldCat member libraries worldwide

In this paper we introduce flexible majority decision rules where the size of the majority depends on the proposal made by the agenda setter. Flexible majority rules can mitigate the disadvantages of democracies in the provision of public projekts. In many cases, the combination of the priciples taxation constraint to majority winners, a ban of subsidies, costly agenda setting and flexible majority rules constitute a socially optimal democratic constitution. Flexible majority rules might also be a useful decision-making procedure in other circumstances
The funds concentration effect and discriminatory bailout by Ulrich Erlenmaier( Book )

7 editions published in 2001 in English and held by 23 WorldCat member libraries worldwide

In the presence of macroeconomic shocks severe enough to threaten the liquidity or solvency of the banking system, the regulator can rely on the funds concentration effect to save long-term investment projects. Some banks are forced into bankruptcy with the result that other banks obtain more new funds and remain solvement. We investigate two different implementations of the funds concentration effect and the corresponding discriminatory bailout scheme: " random bailout" and " bailout the big ones". While the latter can be problematic in terms of stability, it is superior to the terms of welfare and credibility
Risk management in banking credit risk management and bank closure policies by Ulrich Erlenmaier( )

5 editions published in 2001 in English and held by 23 WorldCat member libraries worldwide

Default probabilities and default correlations by Ulrich Erlenmaier( Book )

6 editions published in 2001 in English and held by 14 WorldCat member libraries worldwide

Starting from the Merton framework for firm defaults, we provide the analytics and robustness of the relationship between default correlations. We show that loans with higher default probabilities will not only have higher variances but also higher correlations between loans. As a consequence, portfolio standard deviation can increase substantially when loan default probabilities rise. This result has two important implications. First, relative prices of loans with different default probabilities should reflect the differential impact on portfolio standard deviation. Second, the standard deviation of loan portfolios and of default rates, as well as the required economic capital will vary significantly over the business cycle
Models of joint defaults in credit risk management by Ulrich Erlenmaier( Book )

5 editions published in 2001 in English and held by 13 WorldCat member libraries worldwide

Bundling and the unanimity rule by Ulrich Erlenmaier( Book )

5 editions published between 2004 and 2005 in English and held by 11 WorldCat member libraries worldwide

Unanimity rule constitutions by Ulrich Erlenmaier( Book )

3 editions published in 2000 in English and held by 11 WorldCat member libraries worldwide

Spezifische Aktivität und funktionelles autonomes Volumen der Schilddrüse by Ulrich Erlenmaier( )

6 editions published in 1994 in German and held by 7 WorldCat member libraries worldwide

Statesmen, populists and the paradox of competence by Hans Gersbach( Book )

1 edition published in 1999 in German and held by 4 WorldCat member libraries worldwide

A new criterion for tightness of stochastic processes and an application to Markov processes by Ulrich Erlenmaier( )

1 edition published in 2016 in English and held by 0 WorldCat member libraries worldwide

Audience Level
Audience Level
  Kids General Special  
Audience level: 0.91 (from 0.85 for Bundling a ... to 0.95 for Spezifisch ...)

Associated Subjects
English (41)

German (8)