Similar Search Results

Philippines; Financial System Stability Assessment Update

International Monetary Fund (IMF); International … - 2010

This paper reviews the Financial System Stability Assessment Update on the Philippines. The assessment reveals that the banking sector has been strengthened considerably since the Asian crisis of the late 1990s and today appears generally resilient to a broad range of macroeconomic risks. The...

Persistent link: https://www.econbiz.de/10011243302

Cayman Islands; Off-shore Financial Center Assessment Update-Assessment of Financial Sector Supervision and Regulation

International Monetary Fund (IMF); International … - 2009

This paper discusses findings of the assessment of Financial Sector Supervision and Regulation on the Cayman Islands. The assessment reveals that substantial progress has been made in the implementation of the 2003 Offshore Financial Center assessment recommendations, including, importantly,...

Persistent link: https://www.econbiz.de/10011243433

European Union; Publication of Financial Sector Assessment Program Documentation â€“â€“Technical Note on European Insurance and Occupational Pensions Authority Assessment

International Monetary Fund (IMF); International … - 2013

Slow economic growth and continuing low interest rate environment is putting pressure on the insurance sector. Delays in the implementation of Solvency II could create vulnerabilities in the insurance sector. The approval of internal models is important for determining adequacy of capital levels...

Persistent link: https://www.econbiz.de/10011243709

Nigeria; Publication of Financial Sector Assessment Program Documentationâ€“â€“Detailed Assessment of Observance of Insurance Core Principles

International Monetary Fund (IMF); International … - 2013

Nigeria undertook a Financial Sector Assessment Program (FSAP), which included a review of the structure of Nigeriaâ€™s insurance market and the supervisory framework. The assessment was benchmarked against the Insurance Core Principles (ICPs) issued by the International Association of...

Persistent link: https://www.econbiz.de/10011244134

The Pricing of Markedâ€toâ€Market Contingent Claims in a Noâ€Arbitrage Economy

Satchell, Stephen E.; Stapleton, Richard C.; … - In: Australian Journal of Management 22 (1997) 1, pp. 1-20

This paper assumes that the underlying asset prices are lognormally distributed, and derives necessary and sufficient conditions for the valuation of options using a Blackâ€Scholes type methodology. It is shown that the price of a futuresâ€style, markedâ€toâ€market option is given by...

Persistent link: https://www.econbiz.de/10011135784

Toxic Arbitrage

Foucault, Thierry; Kozhan, Roman; Tham, Wing Wah - C.E.P.R. Discussion Papers - 2014

High frequency arbitrage opportunities sometimes arise when the price of one asset follows, with a lag, changes in the … suppliers to the risk of being picked off by arbitrageurs. Hence, more frequent toxic arbitrage opportunities and a faster … triangular arbitrage opportunities in the FX market. In our sample, a 1% increase in the likelihood that a toxic arbitrage …

Persistent link: https://www.econbiz.de/10011083979

Competing Bimetallic Ratios: Amsterdam, London and Bullion Arbitrage in the Mid-18th Century

Nogues-Marco, Pilar - C.E.P.R. Discussion Papers - 2013

This article analyzes the stability of bimetallism for countries operating in integrated bullion markets who enact different legal ratios. I articulate a new theoretical framework to demonstrate that two countries can both be bimetallic only if they coordinate their legal ratios. The theoretical...

Persistent link: https://www.econbiz.de/10011084296

Arbitrage in Energy Markets : Competing in the Incumbent's Shadow

Kupper, G.; Willems, Bert - Tilburg University, Center for Economic Research - 2007

interregional production-cost differences. This result counters the intuition that arbitrage will improve the social surplus when … there is no output contraction. The reason is that when competition is imperfect, arbitrage might reduce production …

Persistent link: https://www.econbiz.de/10011090805

Arbitrage and price revelation with private beliefs.

Boisdeffre, Lionel de - Centre d'Économie de la Sorbonne, Université Paris 1 … - 2012

We extend the Cornet-de Boisdeffre (2002-2009) asymmetric information finite dimensional model to a more general setting, where agents may forecast prices with some private uncertainty. This new model drops both Radner's (1972-1979) classical, but restrictive, assumptions of rational...

Persistent link: https://www.econbiz.de/10010559904

DAX-future-Arbitrage : eine theoretische und empirische Untersuchung

Merz, Frederic - 1995

Persistent link: https://www.econbiz.de/10004247424