Chapters 11&12
... Quantifying the Risk of a Security – Standard Deviation Two Basic Types of Risk: Stand-alone Risk : The risk associated with an investment when it is held by itself or in isolation, and not in combination with other assets The stand-alone-risk of a particular security can be compared with that ...
... Quantifying the Risk of a Security – Standard Deviation Two Basic Types of Risk: Stand-alone Risk : The risk associated with an investment when it is held by itself or in isolation, and not in combination with other assets The stand-alone-risk of a particular security can be compared with that ...
The value of illiquidity
... obvious. An example is the widening bid/ask spread in the interbank credit market in 2007, which dried up almost entirely in 2008. This was mostly because lenders believed that other market participants had non-public information about the credit rating of the borrower, and questioned the credibilit ...
... obvious. An example is the widening bid/ask spread in the interbank credit market in 2007, which dried up almost entirely in 2008. This was mostly because lenders believed that other market participants had non-public information about the credit rating of the borrower, and questioned the credibilit ...
Financial Intermediaries and the Design of Loan
... trust as a basis for long term dealings between farmer and agent. It also offset the agent's frequent disadvantage of more expensive access to funds than banks by tying loans to the guarantee of trading business. Indeed, for many pastoral agents it was optimal to offer finance at zero economic profi ...
... trust as a basis for long term dealings between farmer and agent. It also offset the agent's frequent disadvantage of more expensive access to funds than banks by tying loans to the guarantee of trading business. Indeed, for many pastoral agents it was optimal to offer finance at zero economic profi ...
chapter 10: arbitrage pricing theory and multifactor models of risk
... This question appears to point to a flaw in the FF model. The model predicts that firm size affects average returns, so that, if two firms merge into a larger firm, then the FF model predicts lower average returns for the merged firm. However, there seems to be no reason for the merged firm to under ...
... This question appears to point to a flaw in the FF model. The model predicts that firm size affects average returns, so that, if two firms merge into a larger firm, then the FF model predicts lower average returns for the merged firm. However, there seems to be no reason for the merged firm to under ...
SECURITIZATION IN INDIA
... Weak entities that are a part of a stronger business groupsguaranteed issuance, especially CP Entities with appetite for long tenor projects, where investor comfort is restricted to short tenor lending Entities that enjoy long-term standing relationships with banks- letter of credit backed iss ...
... Weak entities that are a part of a stronger business groupsguaranteed issuance, especially CP Entities with appetite for long tenor projects, where investor comfort is restricted to short tenor lending Entities that enjoy long-term standing relationships with banks- letter of credit backed iss ...
View/Open
... A small number of rating agencies (i.e. Standard and Poor‟s, Moody‟s, and Fitch) rate most complex financial instruments. These agencies played a very important role, as their ratings determine the risk weighting of a large range of assets on banks‟ balance sheets. Rating agencies face the problem o ...
... A small number of rating agencies (i.e. Standard and Poor‟s, Moody‟s, and Fitch) rate most complex financial instruments. These agencies played a very important role, as their ratings determine the risk weighting of a large range of assets on banks‟ balance sheets. Rating agencies face the problem o ...
... entrepreneurs would be seen as a primary area of study. It is generally viewed that higher levels of education are associated with a greater capacity to process information, a higher tolerance for ambiguity, and the ability to integrate complex stimuli (Hambrink & Mason, 1984). These qualities are t ...
“Financial Sector Reforms for Making India a $ 20 Trillion Economy
... As the BFSI sector prepares to scale up services and spread into rural markets, technology should be a focus area. Data security will be a big challenge, especially with the expected growth in Internet and mobile banking transactions. Innovations in savings, investment, and payments services present ...
... As the BFSI sector prepares to scale up services and spread into rural markets, technology should be a focus area. Data security will be a big challenge, especially with the expected growth in Internet and mobile banking transactions. Innovations in savings, investment, and payments services present ...
PROMOTING JAPANESE RECOVERY by
... that reduces the likelihood of their repaying their loans. Thus, these factors can help precipitate sharp increases in loan losses that increase the probability of bank insolvency. Weak bank balance sheets can also occur because the supervisory/regulatory structure has not worked well enough to rest ...
... that reduces the likelihood of their repaying their loans. Thus, these factors can help precipitate sharp increases in loan losses that increase the probability of bank insolvency. Weak bank balance sheets can also occur because the supervisory/regulatory structure has not worked well enough to rest ...
Financial Cycle, Financial Stability and Monetary Policy
... previous two decades, central banks focused on achieving price stability, i.e. low and stable inflation, as their primary objective. • In most countries, price stability was achieved quickly – in advanced countries by the early 1990s and in emerging and developing ones in the second half of the 1990 ...
... previous two decades, central banks focused on achieving price stability, i.e. low and stable inflation, as their primary objective. • In most countries, price stability was achieved quickly – in advanced countries by the early 1990s and in emerging and developing ones in the second half of the 1990 ...
Risk Measures and Risk Capital Allocation
... acceptable to the regulator. Many risk measures exist in the literature, however lately main interest shifted to coherent risk measures that is defined by some axioms; positive homogeneity, monotonicity, sub-additivity and translation invariance [2]. We will analyse these axioms in the following sec ...
... acceptable to the regulator. Many risk measures exist in the literature, however lately main interest shifted to coherent risk measures that is defined by some axioms; positive homogeneity, monotonicity, sub-additivity and translation invariance [2]. We will analyse these axioms in the following sec ...
state university - Высшая школа экономики
... understood the IS-LM model of aggregate demand in closed and open economies and been able to apply it to the analysis of the impact of fiscal and monetary policies; understood the aggregate demand-aggregate supply model and its applications to the determination of the price level and real income ...
... understood the IS-LM model of aggregate demand in closed and open economies and been able to apply it to the analysis of the impact of fiscal and monetary policies; understood the aggregate demand-aggregate supply model and its applications to the determination of the price level and real income ...
Investment Strategies and Alternative Investments in Insurance and
... It can be seen that most of the monthly returns come from alpha. The model can replicate the monthly return for hedge funds with lower volatility. However, this is based on in-sample regression. Out of sample tests have not been performed ...
... It can be seen that most of the monthly returns come from alpha. The model can replicate the monthly return for hedge funds with lower volatility. However, this is based on in-sample regression. Out of sample tests have not been performed ...
Hargita_Eszter_30_May_Ankara_not State aid_uj
... • Objective of the analysis: is there advantage? • What could been obtained on the market (cost of the money) – Cost of the risk free money – state bonds, interest set by the central bank – Risk premium ...
... • Objective of the analysis: is there advantage? • What could been obtained on the market (cost of the money) – Cost of the risk free money – state bonds, interest set by the central bank – Risk premium ...
