Narrow search
Showing 1 - 10 of 27
Cover Image
A special focus on hedge funds : creators of risk? ; [Atlanta Fed's 2006 Financial Markets Conference, "Hedge Funds: Creators of Risk?" held May 15-18, 2006]
Dwyer, Gerald P. <jun.> (contributor) - 2006
Persistent link: https://www.econbiz.de/10003417628
Cover Image
Understanding Risk Management in Emerging Retail Payments
Braun, Michele; McAndrews, James; Roberds, William; … - Federal Reserve Bank <New York, NY>; Federal Reserve …; … - 2008
experiences of three new payment types. Theseapproaches—both deductive and inductive—arecomplementary ways to understand risk and …
Persistent link: https://www.econbiz.de/10005869407
Cover Image
Managing the risk of loans with basis risk: sell, hedge, or do nothing?
Wall, Larry D.; Shrikhande, Milind M. - Federal Reserve Bank of Atlanta - 2000
Individual loans contain a bundle of risks including credit risk and interest rate risk. This paper focuses on the … suggest that if the hedge is not subject to basis risk, then hedging dominates a strategy of “do nothing.” Whether hedging … of eliminating all risk via selling. If the hedge is subject to basis risk, then a “do nothing” strategy may dominate the …
Persistent link: https://www.econbiz.de/10005514584
Cover Image
The surprising use of credit scoring in small business lending by community banks and the attendant effects on credit availability and risk
Berger, Allen N.; Cowan, Adrian M.; Frame, W. Scott - Federal Reserve Bank of Atlanta - 2009
The literature has documented a positive relationship between the use of credit scoring for small business loans and small business credit availability, broadly defined. However, this literature is hampered by the fact that all of the studies are based on a single 1998 survey of the very largest...
Persistent link: https://www.econbiz.de/10004965424
Cover Image
Bubbles in experimental asset markets: Irrational exuberance no more
Ackert, Lucy F.; Church, Bryan K.; Deaves, Richard - Federal Reserve Bank of Atlanta - 2002
The robustness of bubbles and crashes in markets for finitely lived assets is perplexing. This paper reports the results of experimental asset markets in which participants trade two assets. In some markets, price bubbles form. In these markets, traders will pay even higher prices for the asset...
Persistent link: https://www.econbiz.de/10005514535
Cover Image
Circuit breakers with uncertainty about the presence of informed agents: I know what you know . . . I think
Ackert, Lucy F.; Church, Bryan K.; Jayaraman, Narayanan - Federal Reserve Bank of Atlanta - 2002
This study conducts experimental asset markets to examine the effects of circuit breaker rules on market behavior when agents are uncertain about the presence of private information. Our results unequivocally indicate that circuit breakers fail to temper unwarranted price movements in periods...
Persistent link: https://www.econbiz.de/10005514565
Cover Image
Firm-level evidence on international stock market movement
Brooks, Robin; Negro, Marco Del - Federal Reserve Bank of Atlanta - 2003
We explore the link between international stock market comovement and the degree to which firms operate globally. Using stock returns and balance sheet data for companies in twenty countries, we estimate a factor model that decomposes stock returns into global, country- and industry-specific...
Persistent link: https://www.econbiz.de/10005514572
Cover Image
The price of inflation and foreign exchange risk in international equity markets
Robotti, Cesare - Federal Reserve Bank of Atlanta - 2001
of international equity markets in which only global market risk appears to be priced. When using the Hansen … performance of the II-CAPM (PPP) is mainly attributable to significant hedging against inflation risk. …
Persistent link: https://www.econbiz.de/10005514580
Cover Image
Minimum-variance kernels, economic risk premia, and tests of multi-beta models
Balduzzi, Pierluigi; Robotti, Cesare - Federal Reserve Bank of Atlanta - 2001
This paper uses minimum-variance (MV) admissible kernels to estimate risk premia associated with economic risk … variables and to test multi-beta models. Estimating risk premia using MV kernels is appealing because it avoids the need to 1 …) identify all relevant sources of risk and 2) assume a linear factor model for asset returns. Testing multi-beta models in terms …
Persistent link: https://www.econbiz.de/10005514591