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On the Way to Recovery : A Nonparametric Bias Free Estimation of Recovery Rate Densities
Renault, Olivier; Scaillet, Olivier - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003
n this paper we analyse recovery rates on defaulted bonds using the Standard and Poors / PMD database for the years 1981-1999. Due to the specific nature of the data (observations lie within 0 and 1), we must rely on nonstandard econometric techniques. The recovery rate density is estimated...
Persistent link: https://www.econbiz.de/10005858909
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Optimal Portfolio Policies of Levered Investor in Presence of Default Risk
Saliasi, Entela - Institut für Schweizerisches Bankwesen <Zürich>; … - 2003
This paper presents a utility-based approach to value the borrower optimal behavior in presence of credit risk. The paper solves for the dynamic portfolio choices of a borrower. We thereby show that the presence of debt leads to a substantial modification in the borrower's behavior across states...
Persistent link: https://www.econbiz.de/10005858580
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A Simple Model of Credit Contagion
Eglo, Daniel; Leippold, Markus; Vanini, Paolo - Institut für Schweizerisches Bankwesen <Zürich>; … - 2004
We propose a simple and implementable model of credit contagion where we in-clude macro- and microstructural dependencies among the debtors within a creditportfolio. We show that, even for diversified portfolios, moderate microstructuraldependencies have already a significant impact on the tails...
Persistent link: https://www.econbiz.de/10005858362
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Handbook on corporate governance in financial institutions
Mallin, Chris A. (contributor) - 2016
conglomerate / Francesca Cuomo and Alessandro Zattoni -- 2. The Co-operative Bank: what went wrong? / Chris Mallin -- 3 …. Remuneration-based incentives in a global bank before and after Lehman - the case of Deutsche Bank / Stefan Prigge -- Part II …
Persistent link: https://www.econbiz.de/10012419804
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Handbook of international banking
Mullineux, A. W. (contributor); Murinde, Victor (contributor) - 2003
The Handbook of International Banking provides a clearly accessible source of reference material, covering the main developments that reveal how the internationalization and globalization of banking have developed over recent decades to the present, and analyses the creation of a new global...
Persistent link: https://www.econbiz.de/10012420078
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Corporate governance in banking : a global perspective
Gup, Benton E. (contributor) - 2007
1. Corporate governance, bank regulation and activity expansion in the United States -- 2. Corporate governance in … banks : does the board structure matter? -- 3. Corporate governance and bank performance -- 4. Corporate governance at … community banks : one size does not fit all -- 5. Bank mergers and insider trading -- 6. Conflicts of interest and corporate …
Persistent link: https://www.econbiz.de/10012420095
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The profits and perils of passion in entrepreneurship : stoking the fires and banking the coals
Cardon, Melissa S.; Murnieks, Charles Y. - 2020
Contents: Introduction to passion in entrepreneurship -- 2. Passion of entrepreneurs: Conceptual underpinnings and distinctions -- 3. Different potential targets of entrepreneurial passion -- 4. The profits and perils that can arise from entrepreneurial passion -- 5. Stoking the fires of...
Persistent link: https://www.econbiz.de/10012294222
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The economics of banking
Schoenmaker, Dirk (ed.) - 2020
, Credit and Banking, 3 (2) (Part 9), May, 205-18 -- 2. Douglas W. Diamond and Philip H. Dybvig (1983), 'Bank Runs, Deposit …), 'Bank bias in Europe: Effects on Systemic Risk and Growth', Economic Policy, 31 (85), January, 51-106 -- 13. Mitchell A … Relationship Lending: The Importance of Bank Organisational Structure', Economic Journal, 112 (477), February, F32-53 -- 15. Òscar …
Persistent link: https://www.econbiz.de/10012294241
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Handbook of Islamic banking
Hassan, M. Kabir (contributor); Lewis, Mervyn K. (contributor) - 2007
The handbook of Islamic banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field. This comprehensive handbook provides a succinct analysis of the workings of...
Persistent link: https://www.econbiz.de/10011850684
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Financial and monetary integration in the new Europe : convergence between the EU and Central and Eastern Europe
Mullineux, A. W. (contributor);  … - 2001
Potential new entrants to the European Union from Central and Eastern European countries face many challenges to achieve financial convergence with the existing EU nations. Using detailed case studies from Bulgaria, the Czech Republic, Latvia, Lithuania and Poland and analysis of cross country...
Persistent link: https://www.econbiz.de/10011850773