Finance Compact Plus

Nach vier Neuauflagen wurde das Werk aufgrund der rasanten Entwicklung der Therorie und Praxis der Finanzmärkte völlig neu ausgerichtet und konzipiert. Das Ziel bleibt: Finanzmarktheorie einfach und intuitiv zu erklären.

Neuerscheinung: "Finance Compact Plus" von Prof. Dr. Yvonne Seiler Zimmermann und Prof. Dr. Heinz Zimmermann

Finance Compact Plus
Finance Compact Plus

Doctor rerum politicarum (Dr. rer. pol. / PhD)

30.04.2021: The Economics Faculty awarded 10 doctoral degrees, including Dr. Patrick Böhler, Dr. Jorma Juhani Schäublin und Dr. Alexander Seiler

Dr. Patrick Böhler "Essays on Dividend Policy and ETF Flows"
Supervisors: Prof. Dr. Heinz Zimmermann, Prof. Dr. Yvan Lengwiler

Dr. Jorma Juhani Schäublin "Essays on FinTech Lending, Pension Funds, Banks and Equity Markets"
Supervisors: Prof. Dr. Yvan Lengwiler, Prof. Dr. Heinz Zimmermann

Dr. Alexander Seiler "Essays on the Predictability of Global Equity Risk Premiums, Value Investing and Currency Hedging Costs"
Supervisors: Prof. Dr. Heinz Zimmermann, Prof. Dr. Tim Kroencke

We are pleased to congratulate all of you and wish you the best for your future!

 

 


Doctor rerum politicarum (Dr. rer. pol. / Ph.D.) Heiko Sorg

As part of the graduation ceremony of 23.10.2020, the Economics Faculty awarded 11 doctoral degrees,
among them Heiko Sorg / Department of Finance.

We are pleased to congratulate Dr. Heiko Sorg on passing his PhD exam and wish him all the best for the future.

Dr. Heiko Sorg: Essays in Financial Economics
Supervisor: Prof. Dr. Heinz Zimmermann, Prof. Dr. Yvan Lengwiler 


Professorship for Dr. Kristyna Ters

We are pleased to announce that Dr. Kristyna Ters holds a professorship in credit risk at FNHW.

More information at: FNHW Prof. Dr. Kristyna Ters.

A great success - congratulations from all of us!

 

Team Finance / WWZ University of Basel


An alternative pricing model for options on wheat futures with time varying deterministic volatility*

An alternative pricing model for options on wheat futures with time varying deterministic volatility*
This working paper version June 19, 2019 Marco Haase and Jacqueline Henn Overbeck

Abstract
Substantial differences in implied volatilities of wheat options traded in Chicago and Paris are observed, which have important valuation implications for wheat crop insurance contracts. This study aims to analyse and explain the observed differences along various dimensions. It discusses differences in historical volatilities, the market structure, and their consequences for a valuation model. These findings, combined with in-depth analysis of seasonality and scarcity-related factors are used to suggest a time varying deterministic volatility model for wheat futures. This volatility model is used to provide a pricing model for wheat options in a risk-neutral measure.



Prof. Dr. Heinz Zimmermann - CFA Society Switzerland

"Risikokultur in der beruflichen Vorsorge"

Financial Innovation and Risk Transfer *Prof. Dr. Heinz Zimmermann

For centuries capital markets have played a key role in the allocation of risk. They improve the possibilities for individuals and institutions to diversify or transfer a portion of their risks more efficiently. Over the years, many innovations – in terms of contracts, processes or institutions – have contributed to improve this process by widening the range of risks covered by financial con- tracts or by strengthening the risk-bearing capacity of the economy, but not always successfully. Based on this analysis, the regulatory agenda of OTC markets as well as the emerging direct lending facilities of institutional investors are discussed.  


Diploma Ceremony 02.11.2018 Musical Theater Basel

Doctor rerum politicarum (Dr. rer. pol./Ph.D.)

As part of the diploma ceremony of 02.11.2018 at the Musical Theater Basel, the Faculty of Business and Economics awarded 139 bachelor's-degrees, 85 Master's-degrees und 5 doctoral-degrees, including Joséphine Molleyres / Departement of Finance.

Doctor Award for Dr. Joséphine Molleyres

Baume & Mercier Doctor Award

The Baume & Mercier Doctor Award, donated of Baume & Mercier, represented of Mezger AG, Basel, received in the academic year 2017/2018 Dr. Joséphine Molleyres. She took her doctorate at the chair of Finance  at the Faculty of Business and Economics at the Universität Basel, Departement of Finance. The titel of her doctoral thesis is "Credit Risk Dynamics in the Corporate and Sovereigen Credit Default Swaps Market and the Effects of Central Clearing".

From 29 June until 2 July 2016, the Annual Conference of the European Financial Management Association (EFMA) took place in Basel. The EFMA is one of the most renowned academic conferences in the field of finance. Professor Heinz Zimmermann and Dr. Matthias Huss were both Program Chairs of the event. At the EFMA 2017 in Athens, they were lauded for the exceptional commitment and support they provided as co-presidents of the conference [during] 2016—17.

 

As part of the diploma ceremony on 21 October 2016 in the Musical Theater, the Faculty of Business and Economics awarded 120 bachelor's degrees, 65 master's degrees and 12 doctoral degrees, including 2 doctors from the Department of Finance.

Doctor rerum politicarum (Dr. rer. pol. Ph.D.)

  • Dr. Anja Carina Frommherz ‹‹On the Information Content of Index Derivatives. Three Essays on Empirical Market Microstructure››Betreuer: Prof. Dr. Heinz Zimmermann, Prof. Dr. Erik Theissen und Prof. Dr. Stephen Figlewski
  • Dr. Jonas Gusset ‹‹Is the Decision-making of Central Banks Affected by Stock Market Movements?››Betreuer: Prof. Dr. Heinz Zimmermann und Prof. Dr. Axel Kind

From 29 June until 2 July 2016, the Annual Conference of the European Financial Management Association (EFMA) took place in Basel. The EFMA is one of the most renowned academic conferences in the field of finance. Professor Heinz Zimmermann and Dr. Matthias Huss were both Program Chairs of the event. At the EFMA 2017 in Athens, they were lauded for the exceptional commitment and support they provided as co-presidents of the conference [during] 2016—17.

Keynote Speech Prof. Sheridan Titman, University of Texas-Austin


Opening Ceremony & Reception

Prof. Dr. Dr. h. c. Andrea Schenker-Wicki, Dr. Thomas Moser (SNB), Prof. John Doukas (EFMA), Prof. Dr. Heinz Zimmermann, Dr. Matthias Huss

Special Session 1

Prof. Vihang Errunza, Prof. Warren Bailey, Prof. Ines Chaieb, Prof. Susan Thomas


Special Session 2

Dr. Shann Turnbull, Dr. Philippe Moutot, Dr. Paolo Tasca, Chris Giles, Dr. Michael Kumhof


Special Session 3

Prof. Heinz Zimmermann, Prof. Thomas Z. Lys, Prof. Reto Francioni, Prof. Hyun Song Shin (BIS), Prof. Axel Weber (UBS)


Special Session 4

Dr. Matthias Huss, Prof. Claudio Loderer, Prof. Ernst Baltensperger, Prof. Peter Kugler, Prof. Peter Bernholz, Prof. Jean-Pierre Danthine

"Merton H. Miller" Doctoral Program

Prof. Mariassunta Giannetti, Prof. Pierre Collin-Dufresne


EFM & EFMA Awards Ceremony


Gala Dinner Hotel Safran Zunft Basel