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Interest-rate risk in the Indian banking system
Patnaik, Ila; Shah, Ajay - EconWPA - 2005
Many observers have expressed concerns about the impact of a rise in interest rates upon banks in India. In this paper, we measure the interest rate risk of a sample of major banks in India, using two methodologies. The first consists of estimating the impact upon equity capital of certain...
Persistent link: https://www.econbiz.de/10005076665
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Pricing Convertible Bonds with Interest Rate, Equity, Credit and FX Risk
Yigitbasioglu, Ali Bora - EconWPA - 2002
sensitivity to interest rate risk, underlying (equity) risk, FX risk, and credit risk, and due to the convertible bond’s early … synthetic asset, the foreign equity in domestic currency, is employed to obtain the implied volatility for these options. These … implied volatilities are then used to obtain the local volatility for use in the numerical routine. The model is designed to …
Persistent link: https://www.econbiz.de/10005134807
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The Efficiency of Canadian Capital Markets: Some Bank of Canada Research
Hendry, Scott; King, Michael R. - EconWPA - 2004
Capital markets and their related financial instruments make an important contribution to the welfare of Canadians. The Bank of Canada is interested in the efficient functioning of capital markets through each of its responsibilities for monetary policy, the financial system, and funds...
Persistent link: https://www.econbiz.de/10005413072
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Business failure and change: an Australian perspective
Bickerdyke, Ian; Lattimore, Ralph; Madge, Alan - EconWPA - 2001
„h Contrary to common perceptions, most Australian businesses survive for a considerable time ¡V for example, around two¡Vthirds of businesses are still operating after five years and almost one¡Vhalf are still operating after ten years. „h Around 7.5 per cent of businesses exit each year...
Persistent link: https://www.econbiz.de/10005125748
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An approach to bank insolvency in transition and emerging economies
Mayes, David G. - EconWPA - 2004
economies, this paper explores a number of regulatory reforms that would alter the balance between seeking to avoid insolvency … and lowering the costs of insolvency should it occur. In particular it considers whether a lex specialis for dealing with …
Persistent link: https://www.econbiz.de/10005134654
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Die Fortbestehensprognose - Rechtliche Anforderungen und deren betriebswirtschaftliche Grundlagen
Gross, Paul J.; Amen, Matthias - EconWPA - 2003
Die Prognose, ob ein Unternehmen fortbestehen wird oder nicht, hat weitreichende Konsequenzen für Eigentümer, Gläubiger und Arbeitnehmer der Gesellschaft. In Abhängigkeit von dem Prognoseergebnis sind das Vermögen und die Schulden in der Bilanz und in einem etwaigen Überschuldungsstatus...
Persistent link: https://www.econbiz.de/10005134691
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Insolvency and Economic Development:Regional Variation and Adjustment
Fabling, Richard; Grimes, Arthur - EconWPA - 2004
This paper examines the determinants of the rate of forced insolvency in New Zealand. The study incorporates two key … variety of economic experiences over the sample period (1988–2003). Second, we explain the total rate of forced insolvency in …
Persistent link: https://www.econbiz.de/10005407642
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Die Erstellung der Fortbestehensprognose
Groß, Paul J.; Amen, Matthias - EconWPA - 2003
Eine positive Fortbestehensprognose eines Unternehmens beinhaltet eine mit überwiegender Wahrscheinlichkeit erwartete nachhaltige Zahlungsfähigkeit. In dem Beitrag „Die Fortbestehensprognose – Rechtliche Anforderungen und ihre betriebswirtschaftlichen Grundlagen“ der Verfasser in WPg...
Persistent link: https://www.econbiz.de/10005561691
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Extending the Merton Model: A Hybrid Approach to Assessing Credit Quality
Benos, Alexandros; Papanastasopoulos, George - EconWPA - 2005
In this paper we have combined fundamental analysis and contingent claim analysis into a hybrid model of credit risk measurement. We have extended the standard Merton approach to estimate a new risk neutral distance to default metric, assuming a more complex capital structure, adjusting for...
Persistent link: https://www.econbiz.de/10005134687