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The Origin of Injustice in Air and Space Law
The most important resources in civil aviation and commercial use of the outer space are legal rights to occupy certain space in airports and geostationary orbits respectively. This book clarifies the nature of the rights called "slots" in both arena. It then reviews both the domestic and international slot distribution mechanisms and Common Law principles therein.
Risk Management in Credit Portfolios
Risk concentrations play a crucial role for the survival of individual banks and for the stability of the whole banking system. Thus, it is important from an economical and a regulatory perspective to properly measure and manage these concentrations. In this book, the impact of credit concentrations on portfolio risk is analyzed for different portfolio types and it is determined, in which cases the influence of concentration risk has to be taken into account. Furthermore, some models for the measurement of concentration risk are modified to be consistent with Basel II and their performance is compared. Beyond that, this book integrates economical and regulatory aspects of concentration risk and seeks to provide a systematic way to get familiar with the topic of concentration risk from the basics of credit risk modeling to present research in the measurement and management of credit risk concentrations.
