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Optimal capital allocation principles
Dhaene, Jan; Tsanakas, Andreas; Emiliano, Valdez; … - Volkswirtschaftliche Fakultät, … - 2009
allocation rules to specific decision criteria and thus provides the risk manager with flexibility to meet specific target …
Persistent link: https://www.econbiz.de/10005836634
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Financial Development: A Broader Perspective
Reid, Richard - Asian Development Bank Institute, Asian Development Bank - 2010
This paper seeks to add to the current debate about financial development and growth in the emerging world by looking at how different financial systems evolve: how and why financial structures change during various stages of development, how best to measure them, and seeing what practical...
Persistent link: https://www.econbiz.de/10008764103
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The epistemology of modern finance
Scheemaekere, Xavier De - In: The Journal of Philosophical Economics 2 (2009) 2, pp. 99-120
Modern finance is a social science where the complexity of mathematical models compares to that of physics. The aim of this paper is to provide a conceptual framework for the interpretation of mathematical models in finance, in order to determine the epistemological standards according to which...
Persistent link: https://www.econbiz.de/10010888080
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Essays on Credit Markets and Banking
Holmberg, Ulf - Institutionen för Nationalekonomi, Umeå Universitet - 2012
equilibrium. Paper [III] studies the risk-return profile of centralized and decentralized banks. We address the conditions that … potential borrowers may nevertheless give a decentralized bank a lower overall risk in the lending portfolio than when decisions … the calculation of the Value at Risk. In particular, a seller seeking to liquidate a large portfolio may not face …
Persistent link: https://www.econbiz.de/10010538873
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Super-Replication Under Gamma Constraints.
Soner, H.M.; Touzi, N. - Centre de recherche de mathématiques et économie … - 1999
We consider a financial market consisting of a nonrisky asset and a risky one. We study the minimal initial capital needed in order to super-replicate a given contingent claim under the Gamma constraint, i.e. a constraint on the unbounded variation part of the hedging porfolio. In the general...
Persistent link: https://www.econbiz.de/10005776485
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THE RISKS OF FINANCING ENERGETIC PROJECTS
Claudia, Isac; Ilie, Rascolean - In: Ovidius University Annals, Economic Sciences Series 1 (2009) 9, pp. 90-96
Working the electric energy system involves many risks that are assumed by the electric energy companies, investors, supplier and customers, as a consequence of interdependence between micro and macroeconomics issues. Main risks that can make an impact on electric energy refer to the following...
Persistent link: https://www.econbiz.de/10008507938
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OPERATIONAL BANKING RISK MANAGEMENT – RESEARCH PERFORMED AT THE ROMANIAN COMMERCIAL BANK
Ana, Matis Eugenia - - In: Annals of Faculty of Economics 3 (2009) 1, pp. 593-597
The main objective of this research is to provide a detailed perspective of the operational risk in the case of … commercial bank. The research is based on the main regulations and procedures in the field of the operational banking risk, and …
Persistent link: https://www.econbiz.de/10008511841
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China's Financial Sector Reforms
Herd, Richard; Hill, Samuel; Pigott, Charles - Economics Department, Organisation de Coopération et … - 2010
’ corporate governance structures and risk management systems. These reforms have given rise to stronger Chinese banks which have …
Persistent link: https://www.econbiz.de/10008480478
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ANALYSIS AND MODELATION OF THE CONSUMER’S BEHAVIOUR OF FINANCIAL PRODUCTS ON THE ROMANIAN CAPITAL MARKET
Simion, Assist. Ph.D Dalia; Toba, Assist. Ph.D Daniel; … - In: Revista Tinerilor Economisti (The Young Economists Journal) 1 (2009) 12, pp. 125-135
conditions of the estimated risk and profitability and they have to make a choice taking into account the uncertainty conditions. …
Persistent link: https://www.econbiz.de/10004979986
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The Effects of Diversification on Banks´ Expected Returns
Estrada, Dairo; Arbeláez, Angela González; Rueda, … - BANCO DE LA REPÚBLICA - 2008
In financial theory, the optimal allocation of assets and its relationship withprofitability has been one of the main concerns; the question has always been ifbanks should focus or diversify their assets. In our case, we would like to answerthis question focusing in diversification of the loan...
Persistent link: https://www.econbiz.de/10005597657