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Persistent link: https://www.econbiz.de/10013002918
This paper deals with the Russian financial markets and financial institutions. The author focuses on post crisis recovery, Russian equity market. The issue of capital outflow and operating risks of the stock market were analyzed by the author
Persistent link: https://www.econbiz.de/10013083337
This paper deals with Russian financial markets and financial institutions in 2010. The author focuses on the Russian stock market, bond market. The author analyzes key risks in financial markets, ruble devaluation risks and repo transactions risks
Persistent link: https://www.econbiz.de/10013085767
In 2016, Russia's stock market, in terms of its rates of return, set a world record among all the other stock markets. Over that year, the RTS Index gained 52.3%, and the MICEX Index –26.8% (Fig. 1). The faster growth rate of the RTS Index, which reflects the price of shares in US dollar...
Persistent link: https://www.econbiz.de/10012952699
We investigate liquidity shocks and shocks to fundamentals during financial crises at commercial banks, investment banks, and hedge funds. Liquidity shock amplification models assume that widespread funding problems cause fire sales. We find that most banks do not experience funding declines...
Persistent link: https://www.econbiz.de/10013069667
the term structure of the firm's default probabilities on a month-by-month basis throughout 2008. We find that the … evolution of forward default probabilities indicates, as early as March, that the firm would likely lose access to external …
Persistent link: https://www.econbiz.de/10013035485
During extreme financial crises, all of a sudden, the financial world that was once rife with profit opportunities for financial institutions (banks, for short), becomes exceedingly complex. Confusion and uncertainty follow, ravaging financial markets and triggering massive flight-to-quality...
Persistent link: https://www.econbiz.de/10013009283
We use a Diamond/Dybvig-based model with two banks operating in separate regions connected by a common asset market in which banks and sophisticated depositors invest. We study the effect of a potential run (crisis) and subsequent fire sales on the asset price in both the crisis and no-crisis...
Persistent link: https://www.econbiz.de/10010433396
Bankenkrisen gefährdet ist. Das war nicht anders in den Bankenkri-sen der National Banking-Ära der USA. Fraglich ist, ob mit der … Einführung des Federal Re-serve Systems eine angemessene Antwort auf die Probleme in den Bankenkrisen der National Banking …Liquidity and solvency are conditional for banks' existence. They are endangered during banking crises. Since the …
Persistent link: https://www.econbiz.de/10010300264
Liquidity and solvency are conditional for banks' existence. They are endangered during banking crises. Since the … banking crises of the National Banking Era in the USA are no exceptions, the question remains whether the foundation of the … - either due to solvency problems or runs by depositors. -- Banking Crisis ; National Banking Era ; Liquidity ; Solvency …
Persistent link: https://www.econbiz.de/10003313357