basics of equity derivatives
... were buyers and sellers for commodities. However 'credit risk" remained a serious problem. To deal with this problem, a group of Chicago businessmen formed the Chicago Board of Trade (CBOT) in 1848. The primary intention of the CBOT was to provide a centralized location known in advance for buyers a ...
... were buyers and sellers for commodities. However 'credit risk" remained a serious problem. To deal with this problem, a group of Chicago businessmen formed the Chicago Board of Trade (CBOT) in 1848. The primary intention of the CBOT was to provide a centralized location known in advance for buyers a ...
Property, plant and equipment
... overheads and start-up costs, e.g. where a municipality is constructing an asset, the labour cost of all labourers directly involved in constructing the asset will be included in its cost price. Other incremental cost can only be capitalised if the definition of an asset are met, e.g. training cost ...
... overheads and start-up costs, e.g. where a municipality is constructing an asset, the labour cost of all labourers directly involved in constructing the asset will be included in its cost price. Other incremental cost can only be capitalised if the definition of an asset are met, e.g. training cost ...
Supply Contracts with Options in E-Business December 2, 2002
... we assume that the spot prices are one-step Markovian, i.e., the distributions in period n are entirely determined by the realization in period n + 1. However, all results apply to more general spot price distributions, which are correlated between more than just two subsequent periods, too. • We as ...
... we assume that the spot prices are one-step Markovian, i.e., the distributions in period n are entirely determined by the realization in period n + 1. However, all results apply to more general spot price distributions, which are correlated between more than just two subsequent periods, too. • We as ...
Endogenous risk in a DSGE model with capital-constrained …nancial intermediaries Hans Dewachter
... (Bernanke, Gertler and Gilchrist (1999)) or collateral constraints (Kyotaki and More (1997)) that has been applied more recently to the …nancial sector as well (see Gertler and Karadi (2011) or Gertler and Kyotaki (2010)). These models exploit the …rst-order e¤ects of net worth and credit constraint ...
... (Bernanke, Gertler and Gilchrist (1999)) or collateral constraints (Kyotaki and More (1997)) that has been applied more recently to the …nancial sector as well (see Gertler and Karadi (2011) or Gertler and Kyotaki (2010)). These models exploit the …rst-order e¤ects of net worth and credit constraint ...
NBER WORKING PAPER SERIES STOCK AND BOND RETURNS WITH MOODY INVESTORS
... alluded to above, we test how well the model fares with respect to these puzzles. Our model generates a bond-stock return correlation that is somewhat too high relative to the data but it matches the predictability evidence. Third, to convert from model output to the data, we use inflation as a stat ...
... alluded to above, we test how well the model fares with respect to these puzzles. Our model generates a bond-stock return correlation that is somewhat too high relative to the data but it matches the predictability evidence. Third, to convert from model output to the data, we use inflation as a stat ...
chapter 7—long-term debt
... 19. Which of the following statements is not correct? a. A ratio that indicates a firm's long-term, debt-paying ability from the income statement view is the times interest earned. b. Some of the items on the income statement that are excluded in order to compute times interest earned are interest ...
... 19. Which of the following statements is not correct? a. A ratio that indicates a firm's long-term, debt-paying ability from the income statement view is the times interest earned. b. Some of the items on the income statement that are excluded in order to compute times interest earned are interest ...
Comparing different regulatory measures to control stock market volatility: a general equilibrium analysis
... consumption good, which is produced by a representative firm. The presence of production activity in the model allows us to study, on the real side of the economy, the effects of the excessive volatility in financial markets and of the regulatory measures, which are intended to reduce this excessive ...
... consumption good, which is produced by a representative firm. The presence of production activity in the model allows us to study, on the real side of the economy, the effects of the excessive volatility in financial markets and of the regulatory measures, which are intended to reduce this excessive ...
Group annual financial statements
... The capital adequacy of banks and banking groups is measured in terms of the requirements of the Banks Act (Act 94 of 1990, as amended) and regulations thereto. The ratio is calculated by dividing the sum of Tier 1 and Tier 2 capital by the risk-weighted assets. Cash and cash equivalents Cash and ca ...
... The capital adequacy of banks and banking groups is measured in terms of the requirements of the Banks Act (Act 94 of 1990, as amended) and regulations thereto. The ratio is calculated by dividing the sum of Tier 1 and Tier 2 capital by the risk-weighted assets. Cash and cash equivalents Cash and ca ...
The Cost of Financial Frictions for Life Insurers
... et al. 2012). An important difference between our work and the traditional theory of fire sales (Shleifer and Vishny 1992) is that policies are liabilities that insurance companies issue to households, rather than assets that they trade with other institutional investors in the secondary market. In a ...
... et al. 2012). An important difference between our work and the traditional theory of fire sales (Shleifer and Vishny 1992) is that policies are liabilities that insurance companies issue to households, rather than assets that they trade with other institutional investors in the secondary market. In a ...
Convex and coherent risk measures
... The uncertainty in the future value of a portfolio is usually described by a function X : Ω → R, where Ω is a fixed set of scenarios. For instance, X can be the (discounted) value of the portfolio or the sum of its P&L and some economic capital. The goal is to determine a number ρ(X) that quantifies ...
... The uncertainty in the future value of a portfolio is usually described by a function X : Ω → R, where Ω is a fixed set of scenarios. For instance, X can be the (discounted) value of the portfolio or the sum of its P&L and some economic capital. The goal is to determine a number ρ(X) that quantifies ...
Tail Risk Hedging: A Roadmap for Asset Owners
... Recently, as markets have generally become more sophisticated and liquid, pensions and their consultants have begun to consider and advocate for derivatives in their portfolios. The desire to gain access to some asset classes via derivatives has aided acceptance of derivatives, but ...
... Recently, as markets have generally become more sophisticated and liquid, pensions and their consultants have begun to consider and advocate for derivatives in their portfolios. The desire to gain access to some asset classes via derivatives has aided acceptance of derivatives, but ...
Financial Statement Analysis and Security Valuation
... an investor acquires shares of another corporation so that it can exert significant influence over the other company’s activities even without owning a majority of the voting stock. GAAP views investments of between 20 and 50 percent of the voting stock of another company as minority, active investm ...
... an investor acquires shares of another corporation so that it can exert significant influence over the other company’s activities even without owning a majority of the voting stock. GAAP views investments of between 20 and 50 percent of the voting stock of another company as minority, active investm ...
(BSE) and National Stock Exchange
... (ii) To make comparative analysis of profitability of Bombay Stock Exchange and National Stock Exchange over the period of time. ...
... (ii) To make comparative analysis of profitability of Bombay Stock Exchange and National Stock Exchange over the period of time. ...
Long Term Risk - NCSU Statistics
... Because a portfolio of derivatives may contain many different types of instrument of different maturities, there may be different degrees of risk at different horizons. Write L(t) for the aggregate credit loss experienced up to time t. Clearly most questions about the magnitude of the risk can be an ...
... Because a portfolio of derivatives may contain many different types of instrument of different maturities, there may be different degrees of risk at different horizons. Write L(t) for the aggregate credit loss experienced up to time t. Clearly most questions about the magnitude of the risk can be an ...
