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Sources of firms` industry and country effects in
Sources of firms` industry and country effects in

Making a reality of GDP-linked sovereign bonds Authored by Bank
Making a reality of GDP-linked sovereign bonds Authored by Bank

... means of bailing-in creditors would increase market discipline on sovereigns, reducing the incidence of crises. They would also reduce the size of official sector support packages once a crisis has hit. Sovereign CoCos were first advocated by Weber et al (2011) in the context of euro-area bonds, bui ...
Alternative Investments as Modern Financial Innovations
Alternative Investments as Modern Financial Innovations

... (2013), a hedge fund is an alternative investment vehicle available only to sophisticated investors, such as institutions and individuals with significant assets http://www.barclayhedge.com/research/educational-articles/hedge-fund-strategydefinition/what-is-a-hedge-fund.html. Institution Eurekahedge ...
INFORMATION STATEMENT of BNP Paribas, a French incorporated
INFORMATION STATEMENT of BNP Paribas, a French incorporated

... governments of, and has and may in the future have substantial amounts of loans outstanding to borrowers in, certain of the countries that have been most significantly affected by the crisis in recent years. The Bank also participates in the interbank financial market and as a result, is indirectly ...
Annual Report - Wilson Asset Management
Annual Report - Wilson Asset Management

... investment portfolio performance is the growth in the underlying portfolio of equities and cash before costs. A key objective of WAM Capital is to grow the investment portfolio at a greater rate than the S&P/ASX All Ordinaries Accumulation Index, which is called outperformance. NTA growth is the cha ...
Financial Management for Entrepreneurs
Financial Management for Entrepreneurs

... Capital Structure of Non-U.S. Firms • In recent years, researchers have focused attention not only on the capital structures of U.S. firms, but on the capital structures of foreign firms as well. • In general, non-U.S. companies have much higher degrees of indebtedness than their U.S. counterparts. ...
The Capital Asset Pricing Model
The Capital Asset Pricing Model

... The traditional CAPM also assumes that there is a risk free asset as well as a potentially large collection of risky assets. Under these circumstances, as we’ve seen, all investors will hold some combination of the riskless asset and the tangency portfolio: the efficient portfolio of risky assets wi ...
2009018771602
2009018771602

Blockholder Heterogeneity, Multiple Blocks, and the Dance Between
Blockholder Heterogeneity, Multiple Blocks, and the Dance Between

The Role of Investment Banking for the German Economy
The Role of Investment Banking for the German Economy

... analyse both the economic benefits and the costs stemming from investment  banking.   The  study focuses  on  investment banks  as  this part  of  banking  is  particularly  relevant for financing companies as well as the development and use of specif‐ ic  products  to  support  the  needs  of  priv ...
Borrower characteristics and mortgage choice in Sweden
Borrower characteristics and mortgage choice in Sweden

VENTURE COMPANY TYPES AND PHASES of THEIR
VENTURE COMPANY TYPES AND PHASES of THEIR

... - investment phase, the key role at which has deal flow or investment possibilities flow to business angel investors and venture capital companies, along with expertise required to estimate these possibilities; - added value creation phase , demanding knowledge and skills required to control, manage ...
Table A1: Resolution of Finance Distress, Sample
Table A1: Resolution of Finance Distress, Sample

... reorganization; whereas greater asset size, higher leverage, increased free cash flow, more intangibles to total assets, longer time debt outstanding or a prepackaged bankruptcy decreases this probability. ...
Utility functions and the St. Petersburg Paradox
Utility functions and the St. Petersburg Paradox

... which he denies the common idea of a universal valuation of games or lotteries given by the expected value. He developed a groundbreaking theory in which the measure of money is exchanged with the measure of its utility. At the end of the paper, Bernoulli explains that the the motivation was a probl ...
Class Materials - Washington Bankers 2013
Class Materials - Washington Bankers 2013

... are valid until all three sets of goals have been entered. ...
Chapter 13
Chapter 13

... React to exchange rate movements, such as when the foreign currency appears to be undervalued. DFI can also help reduce the MNC’s exposure to exchange rate fluctuations. ...
The Determinants of Bank Capital Structure
The Determinants of Bank Capital Structure

... extent banks’ and non-financial firms’ capital structures are similar using the most recent available bank data. We also extend the sample period to cover the international financial crisis and the euro sovereign debt crisis and assess their effect on banks’ capital structure. Finally we investigat ...
Reexamining the Role of Heterogeneous Agents in
Reexamining the Role of Heterogeneous Agents in

The Lender of Last Resort in the Eurozone
The Lender of Last Resort in the Eurozone

600 - freit
600 - freit

SASB Press Kit: Best Hits of 2015
SASB Press Kit: Best Hits of 2015

The Transmission of Financial Stress and Monetary Policy
The Transmission of Financial Stress and Monetary Policy

VALUE -OR iE NTED iN VESTMENTMANAGEMENT Fox Asset
VALUE -OR iE NTED iN VESTMENTMANAGEMENT Fox Asset

... Small Companies Risk; Real Estate Risk; Derivatives Risk; Income Risk; Concentration Risk; Issuer Diversification Risk; ETF Risk; Tracking Error Risk and Short Sale Risk. Not all of these risks apply to each equity strategy. The specific risks associated with a particular equity strategy depend on t ...
Risk and Valuation of Collateral Debt Obligations
Risk and Valuation of Collateral Debt Obligations

APRA Insight Issue 2 2012 - Australian Prudential Regulation Authority
APRA Insight Issue 2 2012 - Australian Prudential Regulation Authority

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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system. It can be defined as ""financial system instability, potentially catastrophic, caused or exacerbated by idiosyncratic events or conditions in financial intermediaries"". It refers to the risks imposed by interlinkages and interdependencies in a system or market, where the failure of a single entity or cluster of entities can cause a cascading failure, which could potentially bankrupt or bring down the entire system or market. It is also sometimes erroneously referred to as ""systematic risk"".
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