Narrow search
Showing 1 - 10 of 136,117
Cover Image
Managing and Measuring Risk:Emerging Global Standards and Regulations After the Financial Crisis
Roggi, Oliviero (contributor); Altman, Edward I (contributor) - World Scientific Publishing Co. Pte. Ltd.
conceived and treated within a corporation. A section is dedicated to credit risk and to the increased importance of liquidity …>(Viral V Acharya, Lasse Pedersen, Thomas Philippon and Matthew Richardson)</i></li> </ul> </li> <li><b><i>Liquidity …:</i></b> <ul> <li>Liquidity and Efficiency in Three Related Foreign Exchange Options Markets <i>(Menachem Brenner and Ben Z …
Persistent link: https://www.econbiz.de/10011118310
Cover Image
LIQUIDITY AND EFFICIENCY IN THREE RELATED FOREIGN EXCHANGE OPTIONS MARKETS
Brenner, Menachem; Schreiber, Ben Z. - In: Managing and Measuring Risk:Emerging Global Standards …
AbstractThe foreign currency market in a small open economy, like Israel, plays a major role in fiscal and monetary policy decisions, through its effects on the financial markets and the real economy. This has become even more evident in the recent financial crisis. In this paper we explore the...
Persistent link: https://www.econbiz.de/10011206354
Cover Image
MEASURING SYSTEMIC RISK
Acharya, Viral V.; Brownlees, Christian; Engle, Robert; … - In: Managing and Measuring Risk:Emerging Global Standards …
AbstractThe following sections are included:OverviewThe Dodd-Frank Wall Street Reform and Consumer Protection ActEvaluation of the Dodd-Frank ACTMarket-Based Measures of Systemic RiskInterconnectednessStress TestsTransparencyNYU Stern Systemic Risk RankingsSystemic Risk MethodologySystemic Risk...
Persistent link: https://www.econbiz.de/10011206372
Cover Image
INTEGRATED WEALTH AND RISK MANAGEMENT: FIRST PRINCIPLES
Bodie, Zvi - In: Managing and Measuring Risk:Emerging Global Standards …
AbstractOne of the ironies of the current global financial crisis is that the very innovations designed to mitigate risks in the past few decades have been blamed for causing the huge losses in wealth. But it is not the innovations that caused the cascade of losses that began in 2008; it was...
Persistent link: https://www.econbiz.de/10011206426
Cover Image
STOCK MARKET CRASHES IN 2007–2009: WERE WE ABLE TO PREDICT THEM?
Lleo, Sébastien; Ziemba, William T. - In: Managing and Measuring Risk:Emerging Global Standards …
AbstractWe investigate the stock market crashes in China, Iceland, and the US in the 2007–2009 period. The bond stock earnings yield difference model is used as a prediction tool. Historically, when the measure is too high, meaning that long bond interest rates are too high relative to the...
Persistent link: https://www.econbiz.de/10011206478
Cover Image
AN EVOLUTIONARY PERSPECTIVE ON THE CONCEPT OF RISK, UNCERTAINTY AND RISK MANAGEMENT
Roggi, Oliviero; Ottonelli, Omar - In: Managing and Measuring Risk:Emerging Global Standards …
AbstractThis chapter aims to provide a conceptual framework on risk and uncertainty, with the goal of helping the reader gain a better understanding of how risk is measured and managed. Beginning with Luca Pacioli until the recent development in the discipline of risk management, the theoretical...
Persistent link: https://www.econbiz.de/10011206558
Cover Image
TAXING SYSTEMIC RISK
Acharya, Viral V.; Pedersen, Lasse; Philippon, Thomas; … - In: Managing and Measuring Risk:Emerging Global Standards …
AbstractThe following sections are included:Systemic Risk and the Financial Crisis of 2007 to 2009Regulating Systemic RiskObstacle 1: Measuring Systemic RiskObstacle 2: Implementing the Tax on Systemic RiskObstacle 3: Is Moral Hazard Solved?The Dodd-Frank Wall Street Reform and Consumer...
Persistent link: https://www.econbiz.de/10011206586
Cover Image
SME RATING: RISK GLOBALLY, MEASURE LOCALLY
Roggi, Oliviero; Giannozzi, Alessandro - In: Managing and Measuring Risk:Emerging Global Standards …
AbstractThe aim of this chapter is to investigate the superiority of local modeling in the SME default risk estimation.Both “Regional” and “national” models are developed on a dataset of 4,134 enterprises allocated into three samples: a regional “in-sample” (3,137 companies), a...
Persistent link: https://www.econbiz.de/10011206624
Cover Image
MODELING CREDIT RISK FOR SMEs: EVIDENCE FROM THE US MARKET
Altman, Edward I.; Sabato, Gabriele - In: Managing and Measuring Risk:Emerging Global Standards …
AbstractConsidering the fundamental role played by small and medium sized enterprises (SMEs) in the economy of many countries and the considerable attention placed on SMEs in the new Basel Capital Accord, we develop a distress prediction model specifically for the SME sector and to analyze its...
Persistent link: https://www.econbiz.de/10011206648
Cover Image
ANALYZING THE IMPACT OF EFFECTIVE RISK MANAGEMENT: INNOVATION AND CAPITAL STRUCTURE EFFECTS
Andersen, Torben Juul - In: Managing and Measuring Risk:Emerging Global Standards …
AbstractIn our turbulent times effective risk management capabilities differentiate firms and influence performance outcomes. There is mounting recognition that effective risk management is reflected in adaptive responses that enable the firm to cope with sometimes abrupt environmental changes...
Persistent link: https://www.econbiz.de/10011206693