Research Notes

Herfel og Rangen Research

Research Notes

Selected essays and working papers on liquidity, valuation, model risk, market structure, and financial infrastructure.

Research Notes, No. 2

Irregular Cargo
The translation gap between the real economy and modern capital-market infrastructure

Author: Julius H. Herfel                                                Date: 1 June 2026

Research Notes, No. 1

The Two Volatilities
A framework for separating economic volatility from valuation uncertainty

Author: Julius H. Herfel                                                Date: 6 May 2026

Information icon

We need your consent to load the translations

We use a third-party service to translate the website content that may collect data about your activity. Please review the details in the privacy policy and accept the service to view the translations.