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“transform major banks into internationally competitive joint‐stock commercial banks with appropriate corporate governance … the international best practices in bank governance and regulation and listing of major banks at the Hong Kong stock … exchange. This strategy has been successful in stabilizing the three major banks. However, our review of academic and …
Persistent link: https://www.econbiz.de/10005619502
influence over banks are not limited to equity ownership with governance and other methods of control being employed as well and …
Persistent link: https://www.econbiz.de/10005025744
The volatility of capital markets is often blamed on the activities of institutional investors, or an excessive amount of financial instruments. It must be remembered that there are different institutional investors. Some of them play a very useful role without having a negative impact on the...
Persistent link: https://www.econbiz.de/10008532169
In the 1990s, companies collected billions in premiums from peculiarly structured put options written on their own stock while almost all of these puts expired worthless. Buyers of these options, primarily �nancial intermediaries, lost money as a result. Although these losses might seem...
Persistent link: https://www.econbiz.de/10011260748
Government-issued longevity bonds would allow longevity risk to be shared efficiently and fairly between generations. In exchange for paying a longevity risk premium, the current generation of retirees can look to future generations to hedge their aggregate longevity risk. There are also wider...
Persistent link: https://www.econbiz.de/10009367987
The present paper reviews the causes that led to the financial crisis. Unlike other interpretations, this paper does not place main significance on a single source or on a set of causes. I consider all major standpoints highlighted by research and media prior, during and after the financial...
Persistent link: https://www.econbiz.de/10009294924
However there are minumum self discipline regulations for securities firms, crisis has showed risk management standards must go beyond the minumum. There are two important deficiencies in turkish securities firms’ regulations of financial strength. The first is securities firms are using...
Persistent link: https://www.econbiz.de/10008742993
This paper investigates sensitivity of the VaR models when return series of stocks and stock indices are not normally distributed. It also studies the effect of market capitalization of stocks and stock indices on their Value at risk and Conditional VaR estimation. Three different market...
Persistent link: https://www.econbiz.de/10011109117
Why were some banks heavily affected by mortgage crises, while others barely? Why were some banking sectors dominated … by “originate and distribute” model, while others were trading? Why did some banks decide not to follow the others, and … preferred to stay traditional banks? How the models chosen by banks translated into their risk-return profiles? And finally …
Persistent link: https://www.econbiz.de/10011109731
This paper attempts to assess the economic significance and implications of collateralization in different financial markets, which is essentially a matter of theoretical justification and empirical verification. We present a comprehensive theoretical framework that allows for collateralization...
Persistent link: https://www.econbiz.de/10011109791