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Applied Corporate Risk and Liquidity Management

Author : Erik Lie

Publisher : Oxford University Press

Page : 209 pages

File Size : 36,30 MB

Release : 2023

Category : Business & Economics

ISBN : 0197664997

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Book Description

"The costs of insufficient cash, referred to as "ripple effects," are discussed in detail. They arise because the firm is unable to invest in value-enhancing projects, must raise expensive external capital, or is forced to sell assets. Firms with the greatest potential to experience ripple effects include those with good investment opportunities, long-lasting products, unique assets, opaque operations, and high correlation with peers. Those firms should project future cash distributions, because it is cheaper and easier to remedy a predicted cash shortage before it occurs"--



Applied Corporate Finance

Author : Aswath Damodaran

Publisher : John Wiley & Sons

Page : 663 pages

File Size : 35,42 MB

Release : 2014-10-27

Category : Business & Economics

ISBN : 1118808932

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Book Description

Aswath Damodaran, distinguished author, Professor of Finance, and David Margolis, Teaching Fellow at the NYU Stern School of Business, has delivered the newest edition of Applied Corporate Finance. This readable text provides the practical advice students and practitioners need rather than a sole concentration on debate theory, assumptions, or models. Like no other text of its kind, Applied Corporate Finance, 4th Edition applies corporate finance to real companies. It now contains six real-world core companies to study and follow. Business decisions are classified for students into three groups: investment, financing, and dividend decisions.



Asset-Liability and Liquidity Management

Author : Pooya Farahvash

Publisher : John Wiley & Sons

Page : 1056 pages

File Size : 27,93 MB

Release : 2020-06-16

Category : Business & Economics

ISBN : 1119701880

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Book Description

Asset-Liability and Liquidity Management distils the author’s extensive experience in the financial industry, and ALM in particular, into concise and comprehensive lessons. Each of the topics are covered with a focus on real-world applications, based on the author’s own experience in the industry. The author is the Vice President of Treasury Modeling and Analytics at American Express. He is also an adjunct Professor at New York University, teaching a variety of analytical courses. Learn from the best as Dr. Farahvash takes you through basic and advanced topics, including: The fundamentals of analytical finance Detailed explanations of financial valuation models for a variety of products The principle of economic value of equity and value-at-risk The principle of net interest income and earnings-at-risk Liquidity risk Funds transfer pricing A detailed Appendix at the end of the book helps novice users with basic probability and statistics concepts used in financial analytics.



Risk Management

Author : Michael Frenkel

Publisher : Springer Science & Business Media

Page : 842 pages

File Size : 31,47 MB

Release : 2005-12-06

Category : Business & Economics

ISBN : 3540269932

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Book Description

Dealing with all aspects of risk management that have undergone significant innovation in recent years, this book aims at being a reference work in its field. Different to other books on the topic, it addresses the challenges and opportunities facing the different risk management types in banks, insurance companies, and the corporate sector. Due to the rising volatility in the financial markets as well as political and operational risks affecting the business sector in general, capital adequacy rules are equally important for non-financial companies. For the banking sector, the book emphasizes the modifications implied by the Basel II proposal. The volume has been written for academics as well as practitioners, in particular finance specialists. It is unique in bringing together such a wide array of experts and correspondingly offers a complete coverage of recent developments in risk management.



Asset and Liability Management Handbook

Author : G. Mitra

Publisher : Springer

Page : 547 pages

File Size : 28,90 MB

Release : 2011-03-29

Category : Business & Economics

ISBN : 023030723X

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Book Description

Recent years have shown an increase in development and acceptance of quantitative methods for asset and liability management strategies. This book presents state of the art quantitative decision models for three sectors: pension funds, insurance companies and banks, taking into account new regulations and the industries risks.





Basel III Liquidity Regulation and Its Implications

Author : Mark Petersen

Publisher : Business Expert Press

Page : 132 pages

File Size : 39,56 MB

Release : 2014-05-07

Category : Business & Economics

ISBN : 1606498738

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Book Description

Liquidity involves the degree to which an asset can be bought or sold in the market without affecting its price. The 2007 to 2009 financial crisis was characterized by a decrease in liquidity and necessitated the introduction of Basel III capital and liquidity regulation in 2010. Inside, you’ll learn how such regulations are applied on a broad crosssection of countries in order to understand and demonstrate the implications of Basel III. This book summarizes the defining features of the Basel I, II, and III Accords and their perceived shortcomings, as well as the role of the Basel Committee on Banking Supervision (BCBS) in promulgating international banking regulation. Basel III quantifies liquidity risk by using the measures liquidity coverage ratio (LCR) and net stable funding ratio (NSFR). This book discusses approximation techniques that may be used to estimate these liquidity measures. Inside, the authors highlight the connections between liquidity creation and bank capital and provide you with the details of an investigation of the risks liquidity creation generates for banks. In addition, we consider the impact of the implementation of Basel III liquidity regulation on macroeconomic variables such as GDP, investment, inflation, consumption, income, savings, and employment.



Asset Management

Author : Andrew Ang

Publisher : Oxford University Press, USA

Page : 717 pages

File Size : 46,76 MB

Release : 2014

Category : Business & Economics

ISBN : 0199959323

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Book Description

Stocks and bonds? Real estate? Hedge funds? Private equity? If you think those are the things to focus on in building an investment portfolio, Andrew Ang has accumulated a body of research that will prove otherwise. In this book, Ang upends the conventional wisdom about asset allocation by showing that what matters aren't asset class labels but the bundles of overlapping risks they represent.



The Principles of Banking

Author : Moorad Choudhry

Publisher : John Wiley & Sons

Page : 868 pages

File Size : 49,18 MB

Release : 2022-09-22

Category : Business & Economics

ISBN : 1119755689

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Book Description

A timely and robust discussion of responsible bank stewardship and practice. The Second Edition of The Principles of Banking offers banking professionals, regulators, and students from a variety of backgrounds an authoritative and practical discussion of the foundations of modern banking and good banking practice. In the book, you'll find a comprehensive roadmap to a more sustainable business model for your banking organization. The author draws on his many years' experience as a commercial and investment banker as he explains the original principles of banking—including sound lending policy, capital management, and liquidity risk management—as well as new material covering the impact of COVID-19 on banks, risk management, and balance sheet management. The Principles of Banking also provides recommendations for bank asset-liability management best practices that enable banks to deliver optimized balance sheets for the benefit of all stakeholders. It also includes new chapters in market risk management, foreign exchange risk management, interest rate risk, and credit risk policy and management. An essential update to a widely read and taught banking text, The Principles of Banking, Second Edition is an indispensable resource for banking professionals and students everywhere.



Measuring and Managing Liquidity Risk

Author : Antonio Castagna

Publisher : John Wiley & Sons

Page : 600 pages

File Size : 32,9 MB

Release : 2013-09-03

Category : Business & Economics

ISBN : 1119990246

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Book Description

A fully up-to-date, cutting-edge guide to the measurement and management of liquidity risk Written for front and middle office risk management and quantitative practitioners, this book provides the ground-level knowledge, tools, and techniques for effective liquidity risk management. Highly practical, though thoroughly grounded in theory, the book begins with the basics of liquidity risks and, using examples pulled from the recent financial crisis, how they manifest themselves in financial institutions. The book then goes on to look at tools which can be used to measure liquidity risk, discussing risk monitoring and the different models used, notably financial variables models, credit variables models, and behavioural variables models, and then at managing these risks. As well as looking at the tools necessary for effective measurement and management, the book also looks at and discusses current regulation and the implication of new Basel regulations on management procedures and tools.