Financial Institutions Center - Callable Bonds and Hedging potx

banking and the management of financial institutions

... Inc.13 - 35 ThusΔ NW/A = -Durgap x Δi/(1+i) Δ NW/A = -1 .72 x 0.01/(1+0.10) = -0 .016 = -1 .6%With assets = $100m, the fall in NW when the interest rises from 10% to 11% equals -1 .6% ... Inc.13 - 37Off-Balance-Sheet Activities II •Trading activities and risk management techniques (continued)–Principal-agent problem –Internal Controls•Separation of trading activities and ... - 36Off-Balance-Sheet Activities I •Loan sales (secondary loan participation)•Generation of fee income•Trading activities and risk management techniques–Futures, options, interest-rate...

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The Political Economy of Distress in East Asian Financial Institutions

... (0.26)Size 0.32 -0 .53 -0 .84(0.06) (0.05) (0.01)Foreign -1 .92 - - (0.02)Nonbank financial institutions -1 .19 1.07 2.35(0.05) (0.20) (0.01)Connected nonbank financial institutions 1.43 -0 .45 -0 .46(0.08) ... on financial institutions distress and closure generally follow atwo-step approach. First, groups of financial institutions are classified in closed vs. non-closed, de facto-failed vs. non-failed, ... commercial banks and 9 nonbank financial institutions in Indonesia; (ii)28 commercial banks and 30 nonbank financial institutions in Korea; (iii) 36 commercialbanks and 28 nonbank financial institutions...

Tài liệu Chapter 9: Center of Mass and Linear Momentum docx

... 9 Center of Mass and Linear Momentum In this chapter we will introduce the following new concepts: -Center of mass (com) for a system of particles -The velocity and acceleration of the center ... but the linear momentum is( 9-1 3) 1 21 2 1 2Consider two colliding objects with masses and ,initial velocities and and final velocities and , respectiveMomentum and Kinetic Energy in Collisionsly ... = =+ + +rr r rrollition( 9-1 5) 1 21 2 1 2Consider two colliding objects with masses and ,initial velocities and and final vOne-Dimensional elocities and , respectivelElasytic Collisons...

nonbank financial institutions

... Copyright 2011 Pearson Canada Inc.12 - 1Chapter 12Nonbank Financial Institutions Copyright 2011 Pearson Canada Inc.12 - 10Securities Market Operations•Investment Banking–Seasoned ... funds•Institutional Investors•Open-end vs. closed-end•Load vs no-load•Money Market Mutual Funds•Hedge Funds Copyright 2011 Pearson Canada Inc.12 - 12Private Equity and Venture Capital Funds•Private ... Copyright 2011 Pearson Canada Inc.12 - 5Relative Shares of OFSI-Regulated Financial Intermediary Assets Copyright 2011 Pearson Canada Inc.12 - 6The New Legislative Framework•Government...

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Tài liệu Managing Global Financial Risk Using Currency Futures And Currency Options(pdf) ppt

... European US-dollar-put/Japanese-yen-call options, one of which would expire at the end of each month over the course of a year. In doing so, PAE obtained the right to sell US$20 million and buy ... simultaneous buy and sell of options (e.g., spread, collar). Second BGSU International Management ConferenceGlobal Risk ManagementHyatt Regency, Cleveland, OH1 7-1 8 April 2002Managing Global Financial ... Rate Derivatives· Forward rate agreements· Ex-traded interest rate futures· Ex-traded interest rate options· Interest rate swaps· Over-the-counter (OTC) optionsForeign Exchange Risk· Risk...

Tài liệu Inflation-Indexed Bonds and the Expectations Hypothesis pdf

... 1952. 1-2 009.12.1987−2009equals 1 in 1987. 3-2 009.12 and zero otherwise.Newey-West standard errors with 3 lags in brackets.* and ** denote significance at the 5% and 1% level respectively.p-va ... 1999. 4-2 009.12.UK data is monthly 1985. 4-2 009.12.Newey-West standard errors with 3 lags in brackets.* and ** denote significance at the 5% and 1% level respectively.p-va lue of t he F-test ... returns in inflation-indexedbondsandinnominalbondsinbothmarkets,thusrejecting the E H , both real and nominal. While retu rn pred ict ab ility in US Treasurynominal bonds has been well-documented in...

Tài liệu ASSESSING THE BENEFITS OF INTERNATIONAL PORTFOLIO DIVERSIFICATION IN BONDS AND STOCKS ppt

... 0.312 -0 .115 France -0 .351 -0 .356 0.435 0.006 Germany -0 .330 -0 .319 0.407 0.064 Ireland -0 .301 -0 .285 0.281 -0 .132 Italy -0 .155 -0 .130 0.482 -0 .117 Japan -0 .078 -0 .203 -0 .098 0.137 Netherlands ... Netherlands -0 .410 -0 .346 0.358 0.072 New Zealand 0.024 0.029 0.107 0.162 Norway -0 .169 -0 .240 0.357 -0 .057 Spain -0 .266 -0 .287 0.458 -0 .106 Sweden -0 .295 -0 .210 0.468 -0 .072 UK -0 .357 -0 .376 ... Austria -0 .186 -0 .357 0.214 0.065 Belgium -0 .221 -0 .321 0.200 0.069 Switzerland -0 .288 -0 .295 0.303 0.077 Canada -0 .005 0.148 0.160 0.035 Denmark -0 .307 -0 .368 0.205 0.013 Finland -0 .285 -0 .218...

Tài liệu Global Retail Lending in the Aftermath of the US Financial Crisis: Distinguishing between Supply and Demand Effects ppt

... data from 200 6-2 008 (pre- and post-crisis) we are also able to distinguish between demand and supply effects of the financial crisis. While there is an overall decrease in demand of loan applications ... 13http://www.handelsblatt.com/unternehmen/banken-versicherungen/sparkassen-uebernehmen-garantien-fuer-bayernlb;1422114 11losses resulting from the subprime exposure of their respective Landesbanken ... also use a diff-in-diff-in-diff specification with bank size and liquidity, respectively, as a third type of identifying variation apart from the time before and after August and the difference...

Tài liệu THE GLOBAL ECONOMIC AND FINANCIAL CRISIS: Regional Impacts, Responses and Solutions doc

... recipients, 200 0-2 007 20Table IV-1 – Value of exports, year-on-year, selected ESCAPdeveloping economies 62Table V-1 – Real GDP growth and consumer inflation rate, 2008 and 2009 73Table V-2 – Oil ... the other hand,with less-developed financial markets and limited links with the global financial mar-kets, have been insulated to some extentfrom the global financial crisis. Neverthe-less, ... commonalities and, based on these, it identifies further opportu-nities for policy coordination and coopera-tion at the regional and inter-regional levels.The report concludes that the regional di-mension...

Tài liệu Contagion in financial networks by Prasanna Gai and Sujit Kapadia pdf

... to which a randomlychosen bank belongs. There are two possibilities that can arise. First, a randomly chosen bankmay be safe. Second, it may have in-degree j and out-degree k, and be vulnerable, ... 12Further, the probability of a bank having in-degree j, out-degree k and being vulnerable isj pjk, where pjkis the joint degree distribution of in and out-degree.The model structure described ... providescounteracting risk-sharing benets as exposures are diversied across a wider set of institutions. Another strand of related literature (eg Davis and Lo (2001); Frey and Backhaus (2003);Giesecke...

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