Showing 1 - 10 of 53
This paper examines the role and determinants of collateral in emerging markets compared to mature ones. Analyzing a … higher there than in developed markets. Thai banks use collateral primarily to reduce the higher credit risks of small and … relatively young firms. Long credit relationships do not reduce collateral requirements by lowering information asymmetry. Market …
Persistent link: https://www.econbiz.de/10005134744
Banks’ holding of reasonable capital buffers in excess of minimum requirements could alleviate the procyclicality …
Persistent link: https://www.econbiz.de/10005134940
Counterparty Clearing has become increasingly popular in Europe, not just in derivatives markets, where, due to the high risk … the increased sophistication in clearing arrangements is the ongoing process of European economic integration, ie the euro … pan-European financial infrastructure for payments and securities clearing and settlement. Central counterparty clearing …
Persistent link: https://www.econbiz.de/10005134670
economic activity and regional property values (the latter representing collateral effects) reduce regional insolvencies. An …
Persistent link: https://www.econbiz.de/10005407642
The paper measures economic loss from the problem of inadequate collateral in Bulgaria and proposes solutions …
Persistent link: https://www.econbiz.de/10005561596
The Report on a Right of Use for Collateral Takers and Custodians examines on what basis collateral takers can dispose … of the assets of collateral providers, and custodians of those of their clients. The report describes the current legal … (Collateral Directive, Investment Services Directive). The report contains a Tax Appendix. …
Persistent link: https://www.econbiz.de/10005126022
Der vorliegende Beitrag fasst die Ergebnisse einer im Jahr 1997 getätigten schriftlichen Befragung deutscher Banken zu ihrer Kreditvergabe an kleine und mittelständische Unternehmen zusammen. Befragt wurden 1200 Firmenkundenbetreuer privater Großbanken, Sparkassen und Genossenschaftsbanken zu...
Persistent link: https://www.econbiz.de/10005134711
theory to credit risk assessment. The author explains that fault tree is one alternative approach of reliability, which …
Persistent link: https://www.econbiz.de/10005407916
In this paper we compare market prices of credit default swaps with model prices. We show that a simple reduced form model with a constant recovery rate outperforms the market practice of directly comparing bonds' credit spreads to default swap premiums. We find that the model works well for...
Persistent link: https://www.econbiz.de/10005413092
A family of credit risk models is proposed to capture three salient features of Latin American (LA) Sovereign Bond Markets: individual Long Range Dependence in volatility---Long Memory (LM)---, high fractional comovement and time varying risk premia. Evidence in favor of LM is uncovered and the...
Persistent link: https://www.econbiz.de/10005556268