Download or read book Studies of Credit and Equity Markets with Concepts of Theoretical Physics written by Michael Münnix and published by Springer Science & Business Media. This book was released on 2011-07-29 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael C. Münnix analyses the statistical dependencies in financial markets and develops mathematical models using concepts and methods from physics. The author focuses on aspects that played a key role in the emergence of the recent financial crisis: estimation of credit risk, dynamics of statistical dependencies, and correlations on small time-scales. He visualizes the findings for various large-scale empirical studies of market data. The results give novel insights into the mechanisms of financial markets and allow conclusions on how to reduce financial risk significantly.