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Persistent link: https://www.econbiz.de/10005056452
Recent findings have shown that the Prague Exchange featured a very active and developed stock options market right until its pre-war closure in September 1938. This paper follows up on extensive research into fragmentary archival resources, aggregating a unique collection of options quotations...
Persistent link: https://www.econbiz.de/10011228252
This paper investigates the motive of option trading. We show that option trading is mostly driven by differences of opinion, a finding different from the current literature that attempts to attribute option trading to information asymmetry. Our conclusion is based on three pieces of empirical...
Persistent link: https://www.econbiz.de/10010599668
Die Krise des Bankhauses Baring wurde von Spekulationen mit Derivaten, in diesem Fall mit Futures und Optionen ausgelöst. Sie stellt einen Einschnitt in der Entwicklung der Finanzmärkte dar, denn sie hat neue Risiken deutlich gemacht. Um ähnliche - möglicherweise noch weitreichendere -...
Persistent link: https://www.econbiz.de/10005056095
adjustment of the mortgage banking business model that assumes a synergy between the credit policy and the policy for funding … mortgage portfolios with L.Z. within groups will also be of essential importance. The direction of systemic solutions …
Persistent link: https://www.econbiz.de/10010987446
We use a detailed dataset of seriously delinquent mortgages to examine the dynamic process of mortgage default …
Persistent link: https://www.econbiz.de/10010989304
securitization on the incidence of mortgage modification and foreclosure based on the early payment default analysis performed by … rates are not the result of contract frictions inherent in the mortgage securitization process. Copyright Springer Science …
Persistent link: https://www.econbiz.de/10010989330
We investigate the recent financial crisis with an emphasis on the interlock among housing, mortgage, and credit …>, <CitationRef CitationID="CR6">2010</CitationRef>), we develop a model in which both prices of the mortgage and its collateral are …-cyclical leveraging practice by financial intermediaries can magnify their losses in mortgage-related assets and consequently cause …
Persistent link: https://www.econbiz.de/10010989352
firms and their creditors. Due to this, the capital structure of micro firms is biased towards mortgage loans, as it allows … them to avoid bankruptcy by carrying out debt enforcement via mortgage foreclosures, which are cheaper procedures than … (choice of capital structure, choice between bankruptcy and mortgage) of Spanish firms with those of firms from countries …
Persistent link: https://www.econbiz.de/10010994588
In this document, the main characteristics of the mortgage markets regulation in developed countries will be analyzed … in four sections, covering the most relevant issues of (i) the mortgage product, (ii) the financial entities that offer … these products, (iii) the client to whom these products are sold and (iv) the relationship between mortgage regulation and …
Persistent link: https://www.econbiz.de/10010850138