credit derivative spreads of Japanese banks. Although the Japan premium in the euro-dollar market seemed to have virtually … disappeared since April 1999, credit and default risks of Japanese banks has not necessarily disappeared. Other indicators show …

In the last ten to fifteen years financial derivative securities have become an important, and controversial, product … for commercial banks. The controversy concerns whether the size, complexity, and risks associated with these securities …, the difficulties with accurately reporting timely information concerning the value of firms' derivative positions, and the …

This paper is a comparative study of the responses to the 1995 Wharton School survey of derivative usage among US non … derivative usage is most common, followed closely by interest rate derivatives, with commodity derivatives a distant third. In … choice of instruments, and the influence of their market view when taking derivative positions. These differences appear to …

beginnings of real estate derivative markets is the advance in home price index construction methods, notably the repeat sales …

We argue that China's rising shadow banking was inextricably linked to potential balance-sheet risks in the banking …-sheet risks; and (3) two well-intended regulations and institutional asymmetry between large and small banks combined to give … small banks an incentive to exploit regulatory arbitrage by bringing off-balance-sheet risks into the balance sheet. We …