hedging strategy. Throughout the study, the local volatility model is used as a working example to clarify the proposed … selecting the model, from a set of candidate models, that optimises the hedging of a specified financial contract. In particular … we choose the model whose corresponding price and hedge optimises some hedging performance indicator. The selection …

and mortgage debt. It also describes the Spanish mortgage market and assesses the resilience of the financial sector to a … possible adjustment in the housing and mortgage markets. It presents a market-based indicator to show the market views on the … quality of the mortgage portfolio and also provides recommendations. …

limit on residential mortgage loans in the Interest Act. That said, the availability and cost of residential loans for prime …

This paper considers the case for mortgage covered bonds as an alternative to the originate-to-distribute mortgage … mortgage loan quality in the United States - potentially reflecting borrower incentives under the personal bankruptcy framework …