TY - JOUR AU - Redak, Julia PY - 2011/09/01 Y2 - 2024/03/29 TI - Europe’s next model: Zur Bedeutung von Risikomessmodellen in Finanzmarktlehre, -aufsicht und -industrie JF - PROKLA. Zeitschrift für kritische Sozialwissenschaft JA - PROKLA VL - 41 IS - 164 SE - Artikel des Heftschwerpunkts DO - 10.32387/prokla.v41i164.8 UR - https://www.prokla.de/index.php/PROKLA/article/view/8 SP - 447 – 458 AB - <p>Vanessa Redak: Europe’s next model: The impact of risk measurement on finance theory,<br>regulatory practice and industry behaviour. The importance of Finance theory and risk<br>modelling has dramatically increased over the past decades in academic life, banks and the<br>finance industry, and in regulatory and supervisory bodies. This increase not only nurtured<br>the somewhat illusory belief that risk is measurable but also changed the lending behaviour<br>of banks and the funding function of financial intermediaries with potential ample effects<br>on the accumulation process.</p> ER -