Showing 1 - 10 of 1,103
, many types of instruments can be used:futures market,spot market, and forward market.However, the degree of volatility …
Persistent link: https://www.econbiz.de/10005619306
The phenomenon of high volatility in financial markets stemming from the increased complexity of financial instruments …
Persistent link: https://www.econbiz.de/10005619390
This paper investigates the relationship between sovereign and bank CDS spreads with reference to their ability to convey timely signals on the default risk of European sovereign countries and their banking systems. For a sample including six major European economies, we find that sovereign and...
Persistent link: https://www.econbiz.de/10011110320
In the present document it is exposed in an abstract way the models of credit portfolioes CreditMetricsTM, KMV, CreditRisk+, Credit Portfolio View in such a way that they could be calibrated and implemented in financial institutions where the quality and quantity of credit information is scanty,...
Persistent link: https://www.econbiz.de/10005103406
I develop a critical constructivist evolutionary theory of international financial institutions and arrangements. Specifically, I analyze the role of IMF under the present globalization moves and repeated financial crises by following such a critical constructivist evolutionary theory of...
Persistent link: https://www.econbiz.de/10011260621
Financial integration among economies has the benefit of improving allocative efficiency and diversifying risk. However the recent global financial crisis, considered as the worst since the Great Depression has re-ignited the fierce debate about the merits of financial globalization and its...
Persistent link: https://www.econbiz.de/10008924837
This paper investigates the motivations and practice of nonfinancial firms with regard to using financial options in … use of derivatives in general and options in particular by nonfinancial corporations across different underlyings and … countries. Overall, a significant number of 15%-25% of the firms outside the financial sector use financial options. This …
Persistent link: https://www.econbiz.de/10005835643
The effect of options’ introduction on underlying market is one of the frequently debated themes in financial research …. A significant body of literature addresses the question of effects of options’ introduction. The critical review of the … consensus, but there is little evidence for the destabilization effect of options. Given increasing growth of options in …
Persistent link: https://www.econbiz.de/10011258169
unconditional volatility of the original asset is increasing during a certain period of time. We consider a market suffering from a … to make the valuation of options and the underlying hedging strategies during financial crisis more precise. …
Persistent link: https://www.econbiz.de/10011111882
-Kohlhagen formula for currency options, this research extends it with the Taylor-rule expression used for inflation targeting, thus … obtaining the corresponding Call and Put options and higher-degree partial derivatives known as "Greeks" for key variables such …
Persistent link: https://www.econbiz.de/10011107280