We discuss recent advances in the mathematical quantification of financial risk. The standard approach in terms of Value at Risk has serious deficiencies. This has motivated a systematic analysis of risk measures which satisfy some minimal requirements of coherence and consistency. Our focus will be on the basic structure theorems for convex risk measures, on the role of law-invariance, and on ...

This is a closed-book exam. The exam lasts for 180 minutes. Please write clearly and legibly. Be especially careful in the definition of the game, the payoff function and the equilibrium notions. The allocated points are also a good indicator for your time budget. Please record the answer for each question in a separate bluebook.

The paper examines the determinants of bank business success by applying panel analysis to a sample former Yugoslavia countries. study spans 2010-2020 period. This paper's primary goal is find most important factor influencing in using proper econometric model. analysis's findings suggest that non-performing loans are microeconomic component has biggest influence on performance and macroeconomi...