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The US subprime loan crisis in 2007 has caused astonishing domestic and international financial turmoil, both directly and indirectly. Being a main factor in facilitating mortgage securitisation, credit derivative market is now under the blame of underestimating credit risk and aggregating the...
Persistent link: https://www.econbiz.de/10008755395
This study investigates the announcement effects of offerings of convertible bond loans and warrant-bond loans using data for the Dutch market. Using standard event study methodology it is found that on average stock prices show a positive but insignificant abnormal return for the announcement...
Persistent link: https://www.econbiz.de/10011092869
Persistent link: https://www.econbiz.de/10011991498
The paper examines the impact of American Depositary Receipt (ADR) listings on the return of the underlying Russian stocks. The contribution of this paper is twofold. First, it looks at a new sample of ADRs issued by Russian companies. Second, the technique used to estimate the market model is...
Persistent link: https://www.econbiz.de/10009477458
India has topped with largest consumers of gold, next to china in the world. Indians prefer buying gold in the form of jewellery and coins rather than bullion. So, central government has come up with three gold schemes namely GOLD MONETISATION SCHEME, SOVEREIGN GOLD BOND and INDIAN GOLD COIN....
Persistent link: https://www.econbiz.de/10011586122
This paper begins by defining, and distinguishing between, money and finance, and addresses alternative ways of … financing spending. We next examine the role played by financial institutions (e.g., banks) in the provision of finance. The … role of government as both regulator of private institutions and provider of finance is also discussed, and related topics …
Persistent link: https://www.econbiz.de/10010281714
finance should not matter much, the alternative tradition - from Veblen and Keynes to Galbraith and Minsky - provides the … basis for developing an approach that puts money and finance front and center. Including the theory of social costs also … generates policy recommendations more appropriate to an economy in which finance matters. …
Persistent link: https://www.econbiz.de/10010286502
thecritical importance of credit ratings without refinements as the key pricing factorsfor structured finance securities at launch …
Persistent link: https://www.econbiz.de/10005870195
explanations for tranching and present evidence on how such different rationales influence the structuring process in practice. We …
Persistent link: https://www.econbiz.de/10005870196
Die Verbriefung des Cash Flows eines Unternehmens ist eine in Großbritannien bekannte undetablierte Form der Unternehmensfinanzierung. In Deutschland hat es bisher erst zweiTransaktionen dieser Art gegeben. Die Gründe hierfür liegen in den unterschiedlichenrechtlichen Systemen und den...
Persistent link: https://www.econbiz.de/10005869543