Financial Innovation and Credit Market Development VV Bhatt
... to adverse selection. Short-term loans for working capital or liquidity requirementshave this rationale;a regular borrower, who borrows as well as ...
... to adverse selection. Short-term loans for working capital or liquidity requirementshave this rationale;a regular borrower, who borrows as well as ...
Basel II and Implications for Capital Requirements in
... Investors have already purchased toxic assets associated with these loans Some argue that capital requirements may not have gone far enough to address loan origination practices or market valuations More regulatory scrutiny can be expected (e.g., stress testing) ...
... Investors have already purchased toxic assets associated with these loans Some argue that capital requirements may not have gone far enough to address loan origination practices or market valuations More regulatory scrutiny can be expected (e.g., stress testing) ...
MACROPRU. 5 principles for macroprudential policy
... These are the feedback loops that helped to turn around $300 bn of subprime mortgage-related losses into well over $2.5 trillion of potential write-downs in the global banking sector within a year. ...
... These are the feedback loops that helped to turn around $300 bn of subprime mortgage-related losses into well over $2.5 trillion of potential write-downs in the global banking sector within a year. ...
Asian High Yield Outlook
... The increased pace of easing and reform measures suggest some urgency; however the Chinese authorities continue to display a clear willingness and strong ability to effect change. We expect a modest pick-up in economic activity on the back of these measures, but further easing will be needed to stab ...
... The increased pace of easing and reform measures suggest some urgency; however the Chinese authorities continue to display a clear willingness and strong ability to effect change. We expect a modest pick-up in economic activity on the back of these measures, but further easing will be needed to stab ...
Sample Chapter
... It is common to distinguish among three broad types of financial assets: fixed income, equity, and derivatives. Fixed-income or debt securities promise either a fixed stream of income or a stream of income determined by a specified formula. For example, a corporate bond typically would promise that ...
... It is common to distinguish among three broad types of financial assets: fixed income, equity, and derivatives. Fixed-income or debt securities promise either a fixed stream of income or a stream of income determined by a specified formula. For example, a corporate bond typically would promise that ...
Narrow Banking
... future. The real bills doctrine, also called the commercial loan theory of liquidity or credit whose origins can be traced to John Law and Adam Smith, was the guiding theory of bank operations during the nineteenth century. Per this doctrine, the main function of banks is to create a sound currency ...
... future. The real bills doctrine, also called the commercial loan theory of liquidity or credit whose origins can be traced to John Law and Adam Smith, was the guiding theory of bank operations during the nineteenth century. Per this doctrine, the main function of banks is to create a sound currency ...
Credit Risk and the Performance of Nigerian Banks
... number of banking licences revoked by the CBN since 1994 remained at 36 until January 2006, when licences of 14 more banks were revoked, following their failure to meet the minimum re-capitalization directive of the CBN. At the time, the banking licences were revoked, some of the banks had ratios o ...
... number of banking licences revoked by the CBN since 1994 remained at 36 until January 2006, when licences of 14 more banks were revoked, following their failure to meet the minimum re-capitalization directive of the CBN. At the time, the banking licences were revoked, some of the banks had ratios o ...
IAS 107 Lecture: The Great Recession - Brad DeLong
... Nationalize as many investment banks as necessary in the spring, summer, and fall of 2008 ...
... Nationalize as many investment banks as necessary in the spring, summer, and fall of 2008 ...
The Fight Against Money Laundering
... • Don’t assume that money changers registered with the Police are regulated and therefore automatically OK. • Don’t focus simply on cash transactions. • In relation to funds sourced from outside HK, ask two key questions – is it reasonable to assume that the funds came from legitimate sources? – has ...
... • Don’t assume that money changers registered with the Police are regulated and therefore automatically OK. • Don’t focus simply on cash transactions. • In relation to funds sourced from outside HK, ask two key questions – is it reasonable to assume that the funds came from legitimate sources? – has ...
Fails EL3 - Centre for Applied Macroeconomic Analysis
... consistent with some known causes of the later crisis.12 Conversely, failure risk has become progressively less sensitive over time to loans/assets. Equity/assets affected failure risk more strongly after 1984, but more so in 1989 than in 2008. Failure risk was more sensitive to profitability but le ...
... consistent with some known causes of the later crisis.12 Conversely, failure risk has become progressively less sensitive over time to loans/assets. Equity/assets affected failure risk more strongly after 1984, but more so in 1989 than in 2008. Failure risk was more sensitive to profitability but le ...
The Challenge of Regulatory Implementation
... ensure an effective response. However, as discussed in this paper, regulatory requirement will, by definition, make some parts of the business more costly and/or less profitable over time. The key to successful change programs is to determine in which parts of the business the bank wants to remain ( ...
... ensure an effective response. However, as discussed in this paper, regulatory requirement will, by definition, make some parts of the business more costly and/or less profitable over time. The key to successful change programs is to determine in which parts of the business the bank wants to remain ( ...
WHICH CAPITALISM? LESSONS FROM THE EAST ASIAN CRISIS
... profitable opportunities in the U.S.--Japanese banks poured more money into their unprofitable Japanese relationships. In sum, the message from the existing research is that although relationships may increase or preserve value in some cases--particularly when contracts are hard to write or enforce ...
... profitable opportunities in the U.S.--Japanese banks poured more money into their unprofitable Japanese relationships. In sum, the message from the existing research is that although relationships may increase or preserve value in some cases--particularly when contracts are hard to write or enforce ...
Creating a Safer Financial System
... regulatory processes—support the global reform agenda. But they also presume that price-based regulations alone do not go far enough in some areas (capital requirements, leverage ratio) and may not be implemented in a consistent manner in others (bail-in, net stable funding ratio, and crossborder re ...
... regulatory processes—support the global reform agenda. But they also presume that price-based regulations alone do not go far enough in some areas (capital requirements, leverage ratio) and may not be implemented in a consistent manner in others (bail-in, net stable funding ratio, and crossborder re ...
Why alternative asset classes offer attractive returns
... accessible to institutional investors, given that these funds are typically structured as limited partnerships, Lally said Key Capital had been able to utilise its relationships with global private equity managers and the Irish alternative fund structure to make private equity an investable asset cl ...
... accessible to institutional investors, given that these funds are typically structured as limited partnerships, Lally said Key Capital had been able to utilise its relationships with global private equity managers and the Irish alternative fund structure to make private equity an investable asset cl ...
Financial System Overview and the Flow of Funds
... important factors influencing conditions Detailed review of important credit markets and the market for equity J. K. Dietrich - FBE 524 – Fall 2005 ...
... important factors influencing conditions Detailed review of important credit markets and the market for equity J. K. Dietrich - FBE 524 – Fall 2005 ...
