Portfolio Behavior of Financial Institutions
Author : William L. Silber
Publisher : Holt McDougal
Page : 168 pages
File Size : 42,70 MB
Release : 1970
Category : Business & Economics
ISBN :
Author : William L. Silber
Publisher : Holt McDougal
Page : 168 pages
File Size : 42,70 MB
Release : 1970
Category : Business & Economics
ISBN :
Author :
Publisher :
Page : pages
File Size : 39,34 MB
Release : 1970
Category : Financial institutions
ISBN :
Author : Jesús Marcos-Yacamán
Publisher :
Page : 174 pages
File Size : 26,78 MB
Release : 1976
Category :
ISBN :
Author : Charles Smithson
Publisher : John Wiley & Sons
Page : 354 pages
File Size : 20,97 MB
Release : 2003-04-07
Category : Business & Economics
ISBN : 0471465429
A cutting-edge text on credit portfolio management Credit risk. A number of market factors are causing revolutionary changes in the way it is measured and managed at financial institutions. Charles Smithson, author of the bestselling Managing Financial Risk, introduces a portfolio management approach to credit in his latest book. Understanding how to manage the inherent risks of this market has become increasingly important over the years. Credit Portfolio Management provides readers with a complete understanding of the alternative approaches to credit risk measurement and portfolio management. This definitive guide discusses the pricing and managing of credit risks associated with a variety of off-balance-sheet products such as credit default swaps, total return swaps, first-to-default baskets, and credit spread options; as well as on-balance-sheet customized structured products such as credit-linked notes, repackage notes, and synthetic collateralized debt obligations (CDOs). Filled with expert insight and advice, this book is a must-read for all credit professionals. Charles W. Smithson, PhD (New York, NY), is the Managing Partner of Rutter Associates and Executive Director of the International Association of Credit Portfolio Managers (IACPM). He is the author of five books, including The Handbook of Financial Engineering and Managing Financial Risk (now in its Third Edition).
Author : Joseph Robert Bisignano
Publisher :
Page : 758 pages
File Size : 28,38 MB
Release : 1971
Category : Financial institutions
ISBN :
Author : Donald D. Hester
Publisher :
Page : 282 pages
File Size : 21,11 MB
Release : 1967
Category : Consumer behavior
ISBN :
Author : Marcus Schulmerich
Publisher : Springer
Page : 491 pages
File Size : 47,23 MB
Release : 2014-10-20
Category : Business & Economics
ISBN : 364255444X
This book is a guide to asset and risk management from a practical point of view. It is centered around two questions triggered by the global events on the stock markets since the middle of the last decade: - Why do crashes happen when in theory they should not? - How do investors deal with such crises in terms of their risk measurement and management and as a consequence, what are the implications for the chosen investment strategies? The book presents and discusses two different approaches to finance and investing, i.e., modern portfolio theory and behavioral finance, and provides an overview of stock market anomalies and historical crashes. It is intended to serve as a comprehensive introduction to asset and risk management for bachelor’s and master’s students in this field as well as for young professionals in the asset management industry. A key part of this book is the exercises to further demonstrate the concepts presented with examples and a step-by-step business case. An Excel file with the calculations and solutions for all 17 examples as well as all business case calculations can be downloaded at extras.springer.com.
Author : Jesus Marcos-Yacaman
Publisher :
Page : 348 pages
File Size : 50,46 MB
Release : 1978
Category : Financial institutions
ISBN :
Author :
Publisher :
Page : 114 pages
File Size : 15,53 MB
Release : 1988
Category : Business & Economics
ISBN :
Author : Mr.Arnoud W.A. Boot
Publisher : International Monetary Fund
Page : 48 pages
File Size : 34,82 MB
Release : 2012-10-02
Category : Business & Economics
ISBN : 1475511213
We study the effects of a bank's engagement in trading. Traditional banking is relationship-based: not scalable, long-term oriented, with high implicit capital, and low risk (thanks to the law of large numbers). Trading is transactions-based: scalable, shortterm, capital constrained, and with the ability to generate risk from concentrated positions. When a bank engages in trading, it can use its ‘spare’ capital to profitablity expand the scale of trading. However, there are two inefficiencies. A bank may allocate too much capital to trading ex-post, compromising the incentives to build relationships ex-ante. And a bank may use trading for risk-shifting. Financial development augments the scalability of trading, which initially benefits conglomeration, but beyond some point inefficiencies dominate. The deepending of the financial markets in recent decades leads trading in banks to become increasingly risky, so that problems in managing and regulating trading in banks will persist for the foreseeable future. The analysis has implications for capital regulation, subsidiarization, and scope and scale restrictions in banking.