.g., India, China, Malaysia, South Africa, United States. In this paper, we characterize the compensating risk premium for such …, with statistical risk accounting. We find that differences in internal rate of return (IRR) and interest rate elasticity of … bond prices, for minority (MB) and nonminority (NMB) peer banks, induce an anomalous concave risk return pricing structure …

needed to incorporate the wrong-way risk. A semi-analytical CVA formula simplifying the interest rate swap (IRS) valuation …The credit valuation adjustment (CVA) of OTC derivatives is an important part of the Basel III credit risk capital … with the counterparty credit risk including the wrong-way risk is derived and analyzed in the paper. The formula is based …

low risk aversion. Our findings suggest that ATRs can effectively fight tax uncertainty and stimulate investment. However …

risk aversion. Our findings suggest that ATRs can effectively fight tax uncertainty and stimulate investment. However …

disclosure choices. CDSs enable lenders to hedge their credit risk exposure, weakening their incentives to monitor borrowers. We … disclosure when (i) lenders have higher ability and propensity to hedge credit risk using CDSs, and (ii) lender monitoring …