This PDF is a selection from an out-of-print volume from... of Economic Research
... ratios, and probably are more familiar, their use should be avoided if the other ratios are available. The ratio of financial intermediaries' net claims against business ' These ratios disregard the fact that the assets of linanclid intermediaries are based on book values for all fixed interest-l)ea ...
... ratios, and probably are more familiar, their use should be avoided if the other ratios are available. The ratio of financial intermediaries' net claims against business ' These ratios disregard the fact that the assets of linanclid intermediaries are based on book values for all fixed interest-l)ea ...
the fragile capital structure of hedge funds and the
... price signals for allocative purposes. In the absence of smart investors, …nancial markets can wander o¤ erratically, and risk falling into a vicious cycle that goes from lower price informativeness to less liquidity and back, a process of continued deterioration that can prolong a …nancial crisis. ...
... price signals for allocative purposes. In the absence of smart investors, …nancial markets can wander o¤ erratically, and risk falling into a vicious cycle that goes from lower price informativeness to less liquidity and back, a process of continued deterioration that can prolong a …nancial crisis. ...
Financial Crises and the Composition of Cross-Border Lending
... total cross-border loan activity. This finding is in line with studies of the determinants of capital flows. Banks with lower levels of capital in lender countries favor syndicated loans over other kinds of cross-border loans. Borrower country characteristics such as level of development, economic s ...
... total cross-border loan activity. This finding is in line with studies of the determinants of capital flows. Banks with lower levels of capital in lender countries favor syndicated loans over other kinds of cross-border loans. Borrower country characteristics such as level of development, economic s ...
Improving Access to Finance for SME:International Good
... employees. At the same time, to qualify as an SME in the EU, a firm must have an annual turnover of Euro 40 million or less and/or a balance sheet valuation not exceeding Euro 27 million3. In case of Japan SME is defined as a firm with employees of 300 or less and capital size of 300 million yen or ...
... employees. At the same time, to qualify as an SME in the EU, a firm must have an annual turnover of Euro 40 million or less and/or a balance sheet valuation not exceeding Euro 27 million3. In case of Japan SME is defined as a firm with employees of 300 or less and capital size of 300 million yen or ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... tinues to rage (Galindo, Micco, and Powell 2004) and underscores the importance of fact finding and communications on the international lending practices of industrialized-country banks. This paper explores patterns in U.S. bank claims on foreign partners. U.S. banks have emerged as key participants ...
... tinues to rage (Galindo, Micco, and Powell 2004) and underscores the importance of fact finding and communications on the international lending practices of industrialized-country banks. This paper explores patterns in U.S. bank claims on foreign partners. U.S. banks have emerged as key participants ...
Financial Crises and the Composition of Cross-Border Lending
... criteria as the BIS IBS. We also make several adjustments to obtain estimates of cross-border SLEs that are comparable to the BIS loan claims.5 Our study expands on two branches of the international banking literature. First, we add to studies on the globalization of banking (see Goldberg, 2009 for ...
... criteria as the BIS IBS. We also make several adjustments to obtain estimates of cross-border SLEs that are comparable to the BIS loan claims.5 Our study expands on two branches of the international banking literature. First, we add to studies on the globalization of banking (see Goldberg, 2009 for ...
Islamic banking: Interest-free or interest-based?
... banking is allowed. In other countries, such as Bangladesh, Egypt, Indonesia, Jordan and Malaysia, Islamic banking co-exists with conventional banking. Islamic banking, moreover, is not limited to Islamic countries. In August 2004, the Islamic Bank of Britain became the first bank licensed by a non- ...
... banking is allowed. In other countries, such as Bangladesh, Egypt, Indonesia, Jordan and Malaysia, Islamic banking co-exists with conventional banking. Islamic banking, moreover, is not limited to Islamic countries. In August 2004, the Islamic Bank of Britain became the first bank licensed by a non- ...
1) When those most likely to produce the outcome insured against
... persons who have contracted AIDS attempt to purchase life insurance. life-long chain smokers attempt to purchase life insurance. school teachers attempt to purchase life insurance. all of the above attempt to purchase life insurance. only (a) and (b) of the above attempt to purchase life insurance. ...
... persons who have contracted AIDS attempt to purchase life insurance. life-long chain smokers attempt to purchase life insurance. school teachers attempt to purchase life insurance. all of the above attempt to purchase life insurance. only (a) and (b) of the above attempt to purchase life insurance. ...
Tilburg University Model uncertainty and
... (idiosyncratic volatility) or transparency (R-squared) require an accurate identication of risk factors and a correct specication of the factor model. Accurate measures of banks' exposures to stock market movements (e.g. to compute capital charges for systematic risk) also hinge on the correct spe ...
... (idiosyncratic volatility) or transparency (R-squared) require an accurate identication of risk factors and a correct specication of the factor model. Accurate measures of banks' exposures to stock market movements (e.g. to compute capital charges for systematic risk) also hinge on the correct spe ...
Financial Supply Chain Dynamics Risk Operational
... having a sufficient amount of assets in the bank. ...
... having a sufficient amount of assets in the bank. ...
Financial System Review - December 2012
... Note: November 2012 numbers are based on data available from 1 November to 29 November. Source: Bloomberg Last observation: November 2012 ...
... Note: November 2012 numbers are based on data available from 1 November to 29 November. Source: Bloomberg Last observation: November 2012 ...
View PDF - Cornell Law Review
... It is widely assumed that the Federal Reserve is the lender of last resort in the United States and that the Fed’s discount window is the primary mechanism through which it fulfills this role. Yet, when banks faced liquidity constraints during the 2007–2009 financial crisis (the Crisis), the discoun ...
... It is widely assumed that the Federal Reserve is the lender of last resort in the United States and that the Fed’s discount window is the primary mechanism through which it fulfills this role. Yet, when banks faced liquidity constraints during the 2007–2009 financial crisis (the Crisis), the discoun ...
Financial Stability Oversight Council: A Framework to Mitigate
... in particular types of loans or reliance on particular funding sources. Prudential regulators of banks coordinate through the Federal Financial Institutions Examinations Council (FFIEC). Resolution of failing depository banks is done administratively by the FDIC, not through the bankruptcy courts. B ...
... in particular types of loans or reliance on particular funding sources. Prudential regulators of banks coordinate through the Federal Financial Institutions Examinations Council (FFIEC). Resolution of failing depository banks is done administratively by the FDIC, not through the bankruptcy courts. B ...
absolute return strategy sicav
... keep down the long-term yield. In the short term, the Fed’s intervention appears to be working as risk appetite is clearly rising, with low credit spreads on corporate credits and higher equity prices. In the third quarter, the most notable development in the bond market was the fall in the yield on ...
... keep down the long-term yield. In the short term, the Fed’s intervention appears to be working as risk appetite is clearly rising, with low credit spreads on corporate credits and higher equity prices. In the third quarter, the most notable development in the bond market was the fall in the yield on ...
Liquidity stress testing
... Consistency with solvency scenario • Often contain relevant parameters (e.g. bond prices) ...
... Consistency with solvency scenario • Often contain relevant parameters (e.g. bond prices) ...
the probability of default under ifrs 9: multi
... compared to the Basel framework, which uses one-year PDs), which is partially compensated by the “neutral” character of credit risk parameters (especially PD and LGD) compared to the Basel framework, which includes prudential measures like considering an economic downturn (so this provides a contrad ...
... compared to the Basel framework, which uses one-year PDs), which is partially compensated by the “neutral” character of credit risk parameters (especially PD and LGD) compared to the Basel framework, which includes prudential measures like considering an economic downturn (so this provides a contrad ...
SIFMA AMG Submits Comments to the Basel Committee on Banking
... based on its guarantee to the extent needed. Client segregated margin reduces the clearing firm’s exposure in the event of the default of its client, since, as noted, the clearing firm as a matter of practice will not have any payment obligation unless the client defaults and the value of the client ...
... based on its guarantee to the extent needed. Client segregated margin reduces the clearing firm’s exposure in the event of the default of its client, since, as noted, the clearing firm as a matter of practice will not have any payment obligation unless the client defaults and the value of the client ...
The future of the international monetary and financial
... close of business today – or perhaps an hour from now. If you put these two “buts” together, you are led to a subversive thought, one that seems unsuitable for a gathering of central bankers over dinner. It does, however, lead in a way to my next question: can a central bank be too independent? At o ...
... close of business today – or perhaps an hour from now. If you put these two “buts” together, you are led to a subversive thought, one that seems unsuitable for a gathering of central bankers over dinner. It does, however, lead in a way to my next question: can a central bank be too independent? At o ...
Wespath`s Hedge Fund Strategy— The Path Not Followed
... funds is problematic. First and foremost is the skill and resources required to conduct initial and ongoing due diligence of the hedge fund investments. Many hedge fund strategies are extremely ...
... funds is problematic. First and foremost is the skill and resources required to conduct initial and ongoing due diligence of the hedge fund investments. Many hedge fund strategies are extremely ...