Showing 1 - 10 of 48
The paper concentrates on the description of the Czech institutions which provide credit support to small and medium …
Persistent link: https://www.econbiz.de/10005079047
cap is being reached. The model also suggests that non-deductibility of interest increases credit risk and could, in the … estimate the costs of debt under various risk-related scenarios, focusing on particular situations where the new regulation may … business risk. Another asymmetry arises due to a small-business exemption which can make new investment prohibitive when its …
Persistent link: https://www.econbiz.de/10008754958
In general, there exist many ways to detect the fair value of financial derivatives. However, each of them is suitable for different purposes. For example, when the payoff function is not very simple or the underlying process is too complex, the approach of Monte Carlo simulation can be useful....
Persistent link: https://www.econbiz.de/10008754960
This paper considers various options replication methods. Firstly, a specific type of barrier option, an up-and-out call, is considered. Other barrier options are briefly also described, and various types of barriers are considered. Secondly, a general definition of replication methods is...
Persistent link: https://www.econbiz.de/10008549672
the floor (zero-collar). Later in the paper, credit risk is taken in consideration. The credit risk of interest-rate swaps … most important determinants of credit risk in a swap spread is the yield curve slope. …
Persistent link: https://www.econbiz.de/10008549883
Hedging strategies represent basic instrument used toward eliminating financial risk. Increasing volatility of … select hedging strategies. Five basic hedging strategies ? delta hedging, minimum variance, minimum value at risk, maximum … portfolios consisting of risk assets (share, bond, commodity price, and exchange rate) and hedged assets (financial derivative …
Persistent link: https://www.econbiz.de/10008495620
The paper sums up various data from the Czech economy concerning the issue of the current so-called credit crisis, i … much more prudence than in the past. Based on specific figures, the author proves that the banks' unwillingness to lend … of default loans to the total number of loans has been increasing in the long term, threatening the stability of banks …
Persistent link: https://www.econbiz.de/10009398907
Persistent link: https://www.econbiz.de/10011582380
The authors of the paper discuss reasons as well as current stage of the regulation of the financial (mostly banking) sector. They are not in favor of strict rejection of the regulation, but they are not in favor of strong regulation of the financial sector either. The article is based on the...
Persistent link: https://www.econbiz.de/10008876463
, credit derivatives and financial contracts for differences. MiFID sets out new and tougher requirements relating to the … organisation of business in regulated firms, particucarly in areas of compliance, internal audit, risk management, outsourcing …
Persistent link: https://www.econbiz.de/10009398908