P/F/229. Dissertation. Impact of Financial Development on the Property Valuation

The dissertation attempts to build a model in the context of a common law economy such as the USA or UK. The dissertation investigates the impact of financial system development on property valuation by modelling the agency theoretic perspective of risk averse investors and financiers under the assumption of increased liquidity. (Further information is available on request)

P/F/181. Masters Dissertation. Dotcom Crashes: Why investors were so enthusiastic to invest in high risk technology stocks?

This dissertation aims to analyse why investors were so enthusiastic to invest in dotcom stocks, also the thesis discusses whether the stock market can be observed as an efficient one after such crashes, and how the investors confidence can be improved (Further information is available on request)

C/F/20 Financial Crises and the Adequacy of Value at Risk Approaches (The cases of Black Monday, Black Wednesday, and Mexican Peso Crisis)

ABSTRACT The following paper efforts to identify whether the Value At Risk - market measure for risk - determines adequately the risk of the financial crisis. It was studied in way of calculating the value at risk for three past financial crises: Black Monday 1987, Black Wednesday 1992, and Mexican Peso Crisis 1994. The use of historical data with the historical simulation approach for value at risk enabled to establish whether financial crisis is adequately dealt with or not by the estimation of the value at risk from any potential financial crisis. In conclusion it was established that the value at risk figures, certainly in these cases of crises do not measure extreme market events adequately. To close the use of stress testing and scenario simulation were urged as a compliment to value at risk.