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Projektfinanzierung in der Immobilienwirtschaft : Dynamische Veränderungen der Rahmenbedingungen und Auswirkungen von Basel II
Bienert, Sven - 2005
I. Abschnitt: Einordnung des Thema -- 1. Problemstellung und Zielsetzung der Arbeit -- 2. Stand der empirischen Forschung und Definition der Forschungslücke -- 3. Gang der Untersuchung -- 4. Konzeptionelle Eingrenzung des Untersuchungsgegenstandes -- II. Abschnitt:...
Persistent link: https://www.econbiz.de/10014018948
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Credit Default Swaps und Informationsgehalt
Wagner, Eva - 2008
Kredit und Kreditrisiko -- Kreditderivate -- Der Credit Default Swap (CDS) -- Externes Rating, CDS und Informationseffi zienz -- Asymmetrische Informationsverteilung am CDS-Markt -- CDS-, Anleihe- und Aktienmarkt -- Empirische Untersuchung zum Zusammenhang des CDS— und Aktienmarktes sowie zur...
Persistent link: https://www.econbiz.de/10013517112
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Bankenrating : Einsatz empirisch-induktiver Ratingverfahren zur aufsichtlichen Erkennung bestandsgefährdeter Universalbanken
Günter, Jan (contributor) - 2009
Immer wieder auftretende Schieflagen im Bankensektor stellen für die im öffentlichen Interesse in das Finanzsystem eingreifende Bankenaufsicht eine permanente Herausforderung dar. Jan Roland Günter entwickelt auf empirisch-induktivem Wege ein Verfahren für ein Bankenrating, welches von...
Persistent link: https://www.econbiz.de/10014014800
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Debt as Safe Asset
Brunnermeier, Markus Konrad; Merkel, Sebastian A.; … - National Bureau of Economic Research - 2022
The price of a safe asset reflects not only the expected discounted future cash flows but also future service flows, since retrading allows partial insurance of idiosyncratic risk in an incomplete markets setting. This lowers the issuers' interest burden and allows the government to run a...
Persistent link: https://www.econbiz.de/10012814401
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Deterministic Debt Cycles in Open Economies with Flow Collateral Constraints
Schmitt-Grohé, Stephanie - 2020
collateral constraint. It shows that for plausible parameter configurations, the economy has a unique equilibrium exhibiting …
Persistent link: https://www.econbiz.de/10012479137
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Bankable Prices
Heutel, Garth - 2018
Allowing emissions permits to be banked and borrowed over time can yield efficiency gains. I develop a model to demonstrate that banking and borrowing can also be allowed for a price policy. I compare expected welfare between price and quantity policies, with and without banking, under several...
Persistent link: https://www.econbiz.de/10012480886
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Money Markets, Collateral and Monetary Policy
De Fiore, Fiorella - 2018
unsecured lending and substantial increases in haircuts on posted collateral. This paper seeks to understand the implications of …
Persistent link: https://www.econbiz.de/10012480970
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Collateralized Marriage
Lafortune, Jeanne - 2020
We develop a model of the household where investments in public goods can be made at the cost of future earnings. If couples cannot commit ex ante to a sufficiently equal post-divorce allocation, specialization and public goods' creation will be sub-optimal. However, investing in joint assets,...
Persistent link: https://www.econbiz.de/10012481793
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The Collateral Link between Volatility and Risk Sharing
Infante, Sebastian - 2020
valuation of collateral. Both private and public assets are used in insurance markets as collateral, but their exposure to … economy tends to damage risk sharing when the composition of collateral is biased toward private assets. As we show that a … stable economy is more propitious to the creation of private collateral, stability makes risk sharing increasingly fragile to …
Persistent link: https://www.econbiz.de/10012482338
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Two Monetary Tools : Interest Rates and Haircuts
Ashcraft, Adam - 2010
We study a production economy with multiple sectors financed by issuing securities to agents who face capital constraints. Binding capital constraints propagate business cycles, and a reduction of the interest rate can increase the required return of high-haircut assets since it can increase the...
Persistent link: https://www.econbiz.de/10012462319