1. Discussion and Working Paper // 2017

    Forecasting the distributions of hourly electricity spot prices - Accounting for serial correlation patterns and non-normality of price distributions

    We present a stochastic modelling approach to describe the dynamics of hourly electricity prices. The suggested methodology is a stepwise combination of several mathematical operations to adequately characterize…

  2. Discussion and Working Paper // 2017

    'Brexit' and the Contraction of Syndicated Lending

    Using the syndicated loan market as a laboratory, we analyze the effect of the Brexit referendum on corporate loan origination. Issuances in the UK syndicated loan market dropped by 25% after the Brexit…