here - Labaton Sucharow
... – Regulators concentrated their probes on two types of Libor manipulation that took place just before and during the global financial crisis: • (1) false data submitted by bank to push Libor in a direction that would benefit their own traders; and • (2) the intentional lowering of daily Libor rates ...
... – Regulators concentrated their probes on two types of Libor manipulation that took place just before and during the global financial crisis: • (1) false data submitted by bank to push Libor in a direction that would benefit their own traders; and • (2) the intentional lowering of daily Libor rates ...
The Phillips Curve and the Role of the Monetary Policy: A
... studies have empirically as well as theoretically analyzed this relationship. Over time, dierent formulations of the Phillips curve have appeared. These formulations analyze the relationship between in ation rate and some measure of the economic cycle. This analysis is mainly used to for the design ...
... studies have empirically as well as theoretically analyzed this relationship. Over time, dierent formulations of the Phillips curve have appeared. These formulations analyze the relationship between in ation rate and some measure of the economic cycle. This analysis is mainly used to for the design ...
Fund Transfer Pricing in a Commercial Bank
... largest component of bank’s profits, is received on loans and paid on deposits. Without FTP it would seem that all deposits generate only costs, whereas they’re the source of funding necessary for giving loans. As a consequence, customers and business units that only deposit funds without taking loa ...
... largest component of bank’s profits, is received on loans and paid on deposits. Without FTP it would seem that all deposits generate only costs, whereas they’re the source of funding necessary for giving loans. As a consequence, customers and business units that only deposit funds without taking loa ...
PPT chapter 08 - McGraw Hill Higher Education
... 1. What is the relationship between the price of a bond and the interest rate on a bond? 2. How does the Reserve Bank target the overnight cash interest rate? 3. What are the effects of the Reserve Bank changing the target for the overnight cash interest rate? 4. How does a change in the target rate ...
... 1. What is the relationship between the price of a bond and the interest rate on a bond? 2. How does the Reserve Bank target the overnight cash interest rate? 3. What are the effects of the Reserve Bank changing the target for the overnight cash interest rate? 4. How does a change in the target rate ...
Chapter Three
... Instrument business calculators either the left hand side or all of the right hand side of the bond price formula must be negative. A common mistake students make is to enter only part of the right hand side as negative (either the coupon or the future value, but not both.). 4. Impact of Interest Ra ...
... Instrument business calculators either the left hand side or all of the right hand side of the bond price formula must be negative. A common mistake students make is to enter only part of the right hand side as negative (either the coupon or the future value, but not both.). 4. Impact of Interest Ra ...
Analysis and comparison of methods of risk
... Which value of risk-free rate is valid in terms of valuation practice in Slovakia? Is it more appropriate to use average value of return on government bonds from the past or to focus on its direct estimate to the future? We can generally say that absolutely risk-free assets do not exist. In the US, ...
... Which value of risk-free rate is valid in terms of valuation practice in Slovakia? Is it more appropriate to use average value of return on government bonds from the past or to focus on its direct estimate to the future? We can generally say that absolutely risk-free assets do not exist. In the US, ...
the effect of exchange rate volatility on share price
... analyzed the determinants of stock market returns in Nigeria using the OLS method with a coverage of 1984 to 2010. Amongst other things exchange rate was found to be a major determinant of stock returns. Yaya and Shittu (2010), examined the impact of inflation and exchange rate on conditional stock ...
... analyzed the determinants of stock market returns in Nigeria using the OLS method with a coverage of 1984 to 2010. Amongst other things exchange rate was found to be a major determinant of stock returns. Yaya and Shittu (2010), examined the impact of inflation and exchange rate on conditional stock ...
Financial Report 2014--15
... Smith’s long-term investment portfolio continues to be one of the largest among liberal arts colleges with a market value of $1.9 billion at June 30, 2015; an increase of $57 million over the prior year. The long-term investment horizon allows for a largely equity-oriented investing strategy where t ...
... Smith’s long-term investment portfolio continues to be one of the largest among liberal arts colleges with a market value of $1.9 billion at June 30, 2015; an increase of $57 million over the prior year. The long-term investment horizon allows for a largely equity-oriented investing strategy where t ...
Experience with foreign currency liquidity-providing central bank
... Under the impression that short-term funding was generally available at attractive conditions, some financial institutions had over time become less careful in managing the liquidity risks they had accumulated. Short-term interbank funding was often used to fund longer-dated investment in less liqui ...
... Under the impression that short-term funding was generally available at attractive conditions, some financial institutions had over time become less careful in managing the liquidity risks they had accumulated. Short-term interbank funding was often used to fund longer-dated investment in less liqui ...
K - Binus Repository
... • Aggregate stock prices and various economic series such as employment, income, or production are related • Most of the changes in rates of return for a stock could be explained by changes in the rates of return for the aggregate stock market and the stock’s industry ...
... • Aggregate stock prices and various economic series such as employment, income, or production are related • Most of the changes in rates of return for a stock could be explained by changes in the rates of return for the aggregate stock market and the stock’s industry ...
A: An investment
... Currency Risk Currency Risk is the Risk that the change in the value of the domestic & the foreign Currency involved will be unfavorable. When investors buy & sell assets in other countries, they must consider exchange rate or Currency Risk. Why? ...
... Currency Risk Currency Risk is the Risk that the change in the value of the domestic & the foreign Currency involved will be unfavorable. When investors buy & sell assets in other countries, they must consider exchange rate or Currency Risk. Why? ...
r~ erivatives" has become a code word for anything financial... )bites you when you least expect it. Everyone has read...
... notoriety because they were implicated in the Orange County debacle; the thrust of this section is determining when structured notes and mortgage-backed securities are appropriate investments. These securities offer unparalleled flexibility, but their risks are often poorly understood. Section IV p ...
... notoriety because they were implicated in the Orange County debacle; the thrust of this section is determining when structured notes and mortgage-backed securities are appropriate investments. These securities offer unparalleled flexibility, but their risks are often poorly understood. Section IV p ...
Analysis of Chosen Strategies of Asset and Liability Management in
... their comparative analysis. It is very important for commercial banks to choose such performance strategy that would reduce the credit-, liquidity-, interest-raterelated risk and would balance the risk, profitability, liquidity and security. Recommendations for further improvement of asset and liabi ...
... their comparative analysis. It is very important for commercial banks to choose such performance strategy that would reduce the credit-, liquidity-, interest-raterelated risk and would balance the risk, profitability, liquidity and security. Recommendations for further improvement of asset and liabi ...
The Credit Market Model with Three Parameters
... enter several factors. The right half of the graph represents the investment magically triangle from the credit supply side. First risk equals interest rate, second the yield on the loan and credit liquidity contract then. After the projection through the third quadrant, the line of 45° we are able ...
... enter several factors. The right half of the graph represents the investment magically triangle from the credit supply side. First risk equals interest rate, second the yield on the loan and credit liquidity contract then. After the projection through the third quadrant, the line of 45° we are able ...
Assessing Discount Rate for a Project Financed Entirely with Equity
... The build-up model has the important advantage of eliminating beta with all inconvenient that accompanies it. It is a simple model and this is the reason why many practitioners prefer it to other pricing models. Applying it is not such an easy task as we could think, because these risk premiums must ...
... The build-up model has the important advantage of eliminating beta with all inconvenient that accompanies it. It is a simple model and this is the reason why many practitioners prefer it to other pricing models. Applying it is not such an easy task as we could think, because these risk premiums must ...
What central banks can learn about default risk from credit markets
... Credit default swap prices. These were available for annual maturities between one and 10 years from the JP Morgan website. JP Morgan is a leading market-maker in credit default swaps. The prices are indicative middle-market rates. Firm bid and ask quotes are available from the same site for three-, ...
... Credit default swap prices. These were available for annual maturities between one and 10 years from the JP Morgan website. JP Morgan is a leading market-maker in credit default swaps. The prices are indicative middle-market rates. Firm bid and ask quotes are available from the same site for three-, ...
Risk Management and Financial Institutions
... Roll (1986) show that the variance of stock price returns between Friday and Monday is only 22%, 19% and 10.7% higher than the variance of stock price return between two consecutive trading days (not 3 times). - Roll (1984) looked at the prices of orange juice futures. By far the most important news ...
... Roll (1986) show that the variance of stock price returns between Friday and Monday is only 22%, 19% and 10.7% higher than the variance of stock price return between two consecutive trading days (not 3 times). - Roll (1984) looked at the prices of orange juice futures. By far the most important news ...
Interest rate swap
An interest rate swap (IRS) is a liquid financial derivative instrument in which two parties agree to exchange interest rate cash flows, based on a specified notional amount from a fixed rate to a floating rate (or vice versa) or from one floating rate to another. Interest rate swaps can be used for both hedging and speculating.