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DIE INTERNATIONALE FINANZKRISE:URSACHEN, TREIBER, VERÄNDERUNGSBEDARF UNDREFORMANSÄTZE
Rudolph, Bernd - Universität <München> / Fakultät für Betriebswirtschaft - 2009
längerfristig wirkenden einzelwirtschaftlichen und regulativenMaßnahmen, die als Antworten auf die internationale Finanzkrise …
Persistent link: https://www.econbiz.de/10009418807
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Liquidity in the Foreign Exchange Market:Measurement, Commonality, and Risk Premiums
Mancini, Loriano; Ranaldo, Angelo; Wrampelmeyer, Jan - National Centre of Competence in ResearchFinancial … - 2009
This paper develops a liquidity measure tailored to the foreign exchange (FX) market, quanties the amount of commonality in liquidity across dierent exchange rates, and determines theextent of liquidity risk premiums embedded in FX returns. The new liquidity measure utilizesultra high frequency...
Persistent link: https://www.econbiz.de/10005868531
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MODELING FINANCIAL CONTAGION USING MUTUALLY EXCITING JUMPPROCESSES
Aït-Sahalia, Yacine; Cacho-Diaz, Julio; J.A. Laeven, Roger - National Bureau of Economic Research <Cambridge, Mass.> - 2010
Adverse shocks to stock markets propagate across the world, with a jump in one region of the worldseemingly causing an increase in the likelihood of a different jump in another region of the world.To capture this effect mathematically, we introduce a model for asset return dynamics with a...
Persistent link: https://www.econbiz.de/10005870356
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The US dollar shortage in global banking and the international policy response
McGuire, Patrick M.; Peter, Goetz von - Bank for International Settlements / Monetary and … - 2009
Among the policy responses to the global financial crisis, the international provision of US dollars via central bank swap lines stands out. This paper studies the build-up of stresses on banks' balance sheets that led to this coordinated policy response. Using the BIS international banking...
Persistent link: https://www.econbiz.de/10009138467
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Bank CEO Incentives and the Credit Crisis
Fahlenbrach, Rüdiger; Stulz, René M. - Swiss National Centre of Competence in Research North … - 2009
We investigate whether bank performance during the credit crisis of 2008 is related to CEOincentives and share ownership before the crisis and whether CEOs reduced their equity stakes intheir banks in anticipation of the crisis. There is no evidence that banks with CEOs whoseincentives were...
Persistent link: https://www.econbiz.de/10009305118
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Zentrale Gegenparteien für denaußerbörslichen Derivatehandel in der Praxis
Neuner, Stefan; Schäfer, Klaus - Universität <Bayreuth> / Lehrstuhl BWL I: … - 2011
Die aus der geringen Transparenz und mangelnden Standardisierung desaußerbörslichen Derivatehandels resultierenden Gefahren sind durch die internationale Finanzkrisedeutlich aufgedeckt worden. Nach dem Willen von Regulierungsbehörden soll diesembisher weitgehend unregulierten Marktsegment...
Persistent link: https://www.econbiz.de/10009360814
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This Time is the Same:Using Bank Performance in 1998 to Explain Bank Performance During the Recent Financial Crisis
Fahlenbrach, Rüdiger; Prilmeier, Robert; Stulz, René M. - National Centre of Competence in Research - Financial … - 2011
We investigate whether a bank’s performance during the 1998 crisis, which was viewed at the timeas the most dramatic crisis since the Great Depression, predicts its performance during the recentfinancial crisis. One hypothesis is that a bank that has an especially poor experience in a...
Persistent link: https://www.econbiz.de/10009486818
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Euro area money demand: empirical evidence on the role of equity and labour markets
Bondt, Gabe J. de - 2009
This study presents empirical evidence on the long-run motives for holding euro area money by focusing on the role of equity and labour markets. Equity positively affects money demand through wealth effects, as equities are a significant store of household wealth and thus part of a financial...
Persistent link: https://www.econbiz.de/10005866912
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Kausalität in denWirtschaftswissenschaften:Welche Ursachen hat dieFinanzkrise?
Bernholz, Peter; Faber, Malte; Petersen, Thomas - Alfred-Weber-Institut für Sozial- und … - 2009
Die Frage nach der Kausalität fällt in die Methodologie. Methodologie ist in denWirtschaftswissenschaften ein Bereich, der sowohl bei Ökonomen als auch bei Philosophenkaum Beachtung findet. ....
Persistent link: https://www.econbiz.de/10005868378
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A Systematic Approach to Pricing and Hedging of International Derivatives with Interest-Rate Risk
Frey, Rüdiger; Sommer, Daniel - 1996
We deal with the valuration and hedging of non path-dependent European options on one or several underlyings in a model … provide a unified and easily applicable approach to pricing and hedging Black-Scholes type options on stocks, bonds, forwards …. futures and exchange rates. We also cover the pricing and hedging of options to exchange two Black-Scholes type options for …
Persistent link: https://www.econbiz.de/10005841374