Tài liệu Thị trường tài chính và các định chế tài chính Chapter 1 ppt

Tài liệu Thị trường tài chính và các định chế tài chính _ Chapter 25 pdf

... informationAssess the companies’ respective financial statements by calculating 11 ratios that are then evaluated by NAIC regulators 31 Regulation of Insurance Companies (cont’d)Assessment systemThe ... became insolvent in the early 19 90s as a result of losses on real estate investmentsThe value of stock portfolios managed by insurance companies declined in 20 01 2002 35Exposure to Risk (cont’d)Liquidity ... 21 Property and Casualty Insurance Operations (cont’d)Cash flow underwritingAs interest rates...

Tài liệu Thị trường tài chính và các định chế tài chính _ Chapter 24 doc

... filed 1 Chapter 24Securities OperationsFinancial Markets and Institutions, 7e, Jeff MaduraCopyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 10 Investment ... sale of the entire issueFlotation costs range from 0.5 to 3 percent of the value of the bonds 11 Investment Banking Services (cont’d)How IBFs facilitate new bond offerings (cont’d)AdvisingIBFs ... required minimum opening balance is typically between $10 00 and $3,000Most discount brokers offer some degree of research on a website 2 Chapter OutlineInvestment banking servicesBrokerage...

Tài liệu Thị trường tài chính và các định chế tài chính_ Chapter 23 doc

... Mexico 13 Computing the NAVPhilly Mutual Fund has 50 million shares issued to its investors. It used the proceeds to buy stock in 10 0 different firms. These shares have a market value of $10 0 ... (cont’d) 17 Expenses incurred by shareholders (cont’d)Expenses include:Compensation to the portfolio managers and other employeesRecord-keeping and clerical feesMarketing fees 12 b -1 ... size of mutual fundsPerformance of mutual fundsMutual fund scandals 20 12 b -1 fees:Were allowed in 19 80 as distribution feesHave sometimes been used by funds to pay a commission...

Tài liệu Thị trường tài chính và các định chế tài chính_ Chapter 22 pptx

... returns and high riskImpact of the September 11 CrisisSeptember 11 caused businesses to cut their expansion plans and reduce their need for loans 12 Captive Finance SubsidiariesA captive ... 1 Chapter 22Consumer Finance OperationsFinancial Markets and Institutions, 7e, Jeff MaduraCopyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 10 Risks ... stipulationsThe numbers of CFSs grew rapidly between 19 46 and 19 60 as a result of liberalized credit policies and a need to finance growing inventories 13 Captive Finance Subsidiaries (cont’d)A...

Tài liệu Thị trường tài chính và các định chế tài chính_ Chapter 21 pdf

... FIRREAROA became positive in 19 91 and has increased since thenCapital ratio has increased substantially since 19 89The number of SI failures has declined to less than 12 in each of the last ... and MMDAsSince 19 81, SIs are allowed to offer NOW accounts as a result of DIDMCASince 19 82, SIs are allowed to offer MMDAs as a result of the Garn-St Germain ActSince 19 78, SIs are allowed ... interest rates 1 Chapter 21 Thrift OperationsFinancial Markets and Institutions, 7e, Jeff MaduraCopyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 17 Exposure...

Tài liệu Thị trường tài chính và các định chế tài chính_ Chapter 20 doc

... aboveLeverage measureCapital structure decision 19 Bank FailuresFrom 19 40 to 19 80, there were generally fewer than 20 bank failures per yearIn the late 19 80s, there were about 200 failures per ... 1 Chapter 20Bank PerformanceFinancial Markets and Institutions, 7e, Jeff MaduraCopyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 10 Performance ... failures per yearFailures declined in the early 19 90sIn the mid and late 19 90s, the number of bank failures declined substantially 2 Chapter OutlineValuation of a commercial bankPerformance...

Tài liệu Thị trường tài chính và các định chế tài chính_ Chapter 19 pptx

... measures the degree to which asset returns move in tandem∑∑= ==ninjjijipRRCOVww 1 12),(σ 31 Managing Credit Risk (cont’d)Diversifying credit risk (cont’d)The covariance is equal ... a leverage measure of 13 , while Lodebt Bank has a leverage measure of 9. What is the ROE for each bank? %18 9%2measure Leverage (ROA) assets on ReturnLodebt for ROE%2 613 %2measure Leverage ... countries with a high country risk ratingThe international debt crisis in the 19 80s and the Asian Crisis of 19 97 dampened the desire by banks to diversify loans internationally 34Managing...

Tài liệu Thị trường tài chính và các định chế tài chính_ Chapter 18 pdf

... 23 cents to 31 cents per $10 0 of depositIn 2003, three BIF-insured banks failed with total assets of $1. 1 billionAs of 2004, the BIF balance was about $34 billionIn 19 91, the Federal ... bank’s risk 1 Chapter 18 Bank RegulationFinancial Markets and Institutions, 7e, Jeff MaduraCopyright ©2006 by South-Western, a division of Thomson Learning. All rights reserved. 19 Regulation ... using extreme events 10 Regulation of Deposit InsuranceFederal deposit insurance has existed since the creation of the FDIC in 19 33 as a response to bank runsAbout 5 ,10 0 banks failed during...

Tài liệu Thị trường tài chính và các định chế tài chính_ Chapter 17 doc

... debt-to-asset ratio of at least 75 percentAbout 60 percent of HLT funds are used to finance LBOs 1 Chapter 17 Commercial Bank OperationsFinancial Markets and Institutions, 7e, Jeff MaduraCopyright ... industryVolume of business loansVolume increased consistently throughout the 19 90s and then declined in the 20 01 2003 period 10 Bank Sources of Funds (cont’d)Time deposits (cont’d)Certificates ... mortgage is typically 15 to 30 yearsLoans are backed by the residence purchasedBanks provide some commercial real estate loans to finance commercial development 11 Bank Sources of Funds...

Tài liệu Thị trường tài chính và các định chế tài chính_ Chapter 16 pptx

... steps: 1. Borrow 10 million and convert to $11 ,11 1 ,11 12. Invest the $11 ,11 1 ,11 1 million for ten days at 6 percent annualized (or .16 67 percent over ten days), which will generate $11 ,12 9,6303. ... days, convert the $11 ,12 9,630 into euros at the existing spot rate, which converts to 10 ,573 ,14 84. Pay back the loan of 10 million plus interest of 5 percent annualized ( .13 89 percent over ... that the spot rate for the euro is $1. 20, while the 18 0-day forward rate for the euro is $1. 22. What is the forward rate premium?%33.3 18 036020 .1$ 20 .1$ 22 .1$ 360premium rate Forward=×−=×−=nSSFR...

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