fixed income unless the value of the bank’s assets falls below a predetermined threshold. In such an event, the debt … obligation is automatically converted to the bank’s common equities. By using a contingent claims valuation approach we present … bank that includes DES or alternatively subordinated debt in its capital structure. We compare and evaluate quantitatively …

South East Asia in general, the author anticipated that the investment criteria employed by Venture Capital Firms (VCs) in …

This paper examines alternative ways to prevent losses from bank insolvencies. It is widely viewed that transparency in … reporting bank balance sheets is a key element in reducing such losses. It is, however, unclear just how such transparency would … develop a model that compares two alternative institutions for bank auditing. Neither of these institutions would require as …

premier fund management center in Asia in the next five to ten years. We report the results of an ongoing survey of the …