Krämer, WalterWied, Dominik2015-06-292015-06-292015http://hdl.handle.net/2003/3412510.17877/DE290R-7514We suggest a simple improvement of recent VaR-backtesting procedures based on time intervals between VaR-exceedances and show via Monte Carlo that our test has more power than its competitors against empirically relevant clustering alternatives.enDiscussion Paper / SFB 823;17/2015backtestingvalue at riskpower310330620working paper