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Why hedge? : a critical review of theory and empirical evidence

Ammon, Norbert - 1998

Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial …

Persistent link: https://www.econbiz.de/10013428154

Out of sight, out of mind? : on the risk of sub-custodian structures

Droll, Thomas; Podlich, Natalia; Wedow, Michael - 2015

We analyse sub-custodian chains using a unique data set from a survey. Our key question is whether there is any evidence for moral hazard in the delegation of asset safe-keeping to sub-custodians. Sub-custodian chains can be relatively long and frequently reach across several countries. The risk...

Persistent link: https://www.econbiz.de/10011334614

Can risk-benefit analysis provide consistent policy evaluations pf projects involving loss of life?

Blackorby, Charles; Donaldson, David - 1984

Persistent link: https://www.econbiz.de/10003532077

The role of interbank relationships and liquidity needs

Craig, Ben R.; Fecht, Falko; Tümer-Alkan, Günseli - 2013

In this paper, we focus on the interconnectedness of banks and the price they pay for liquidity. We assess how the … to meet its liquidity demand. We use quarterly data of bilateral interbank credit exposures between all German banks from …’s willingness to pay for liquidity since they had variable rate tenders with a “pay-your-bid” price. Controlling for bank …

Persistent link: https://www.econbiz.de/10010238510

Interbank intermediation

Bluhm, Marcel; Georg, Co-Pierre; Krahnen, Jan Pieter - 2016

macroeconomic risk factor. Overall our findings lend support to a theory of banking that involves leverage stacks, i …

Persistent link: https://www.econbiz.de/10011483090

US real interest rates and default risk in emerging economies

Foley-Fisher, Nathan; Guimarães, Bernardo - 2009

We empirically analyse the appropriateness of indexing emerging market sovereign debt to US real interest rates. We find that policy-induced exogenous increases in US rates raise default risk in emerging market economies, as hypothesised in the theoretical literature. However, we also find...

Persistent link: https://www.econbiz.de/10003894416

Are bankruptcies healthy for the tight oil sector?

Al Suwailem, Majed; Selemankhel, Malik - 2021

Persistent link: https://www.econbiz.de/10012593286

The rollout of internal credit risk models : implications for the novel partial-use philosophy

Schlam, Carina; Woyand, Corinna - 2023

The novel partial-use philosophy by the Basel Committee on Banking Supervision initiates a paradigm shift for banks, allowing them to permanently partially apply the internal ratings-based approach (IRBA) and not having to fully roll it out across the overall bank anymore. This raises the...

Persistent link: https://www.econbiz.de/10014227602

Modelling and measuring business risk and the resiliency of retail banks

Chaffai, Mohamed E.; Dietsch, Michel - 2013

The recent banking crisis has revealed the existence of strong resiliency factors in the retail banking business model. On average, retail banks suffered less than other financial institutions from unexpected market changes. This paper proposes a new methodology to measure retail banks’...

Persistent link: https://www.econbiz.de/10010192816

The optimal mix of business entities : the value of partial limited liability

Kraizberg, Elli - 1989

Persistent link: https://www.econbiz.de/10000769114

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