Results 151 to 160 of about 66,578 (384)
Credit Derivatives and the Default Risk of Large Complex Financial Institutions [PDF]
This paper addresses the impact of developments in the credit risk transfer market on the viability of a group of systemically important financial institutions.
Christos Ioannidis +2 more
core
A Theory of the Boundaries of Banks With Implications for Financial Integration and Regulation
Financial Management, EarlyView.ABSTRACT We offer a theory of the “boundary of the firm” that is tailored to banks, recognizing the relevance of deposit financing and interbank lending as a substitute for integration. It is based on a single inefficiency that has been at the core of banking theory: risk‐shifting incentives in the interest of bank shareholders.
Falko Fecht +2 more
wiley +1 more source
Sovereign Debt and Credit Default Swaps
Federal Reserve Bank of Richmond Working Papers, 2023 Gaston Chaumont +3 more
openaire +1 more source
A Reduced Form Model of Default Spreads with Markov-Switching Macroeconomic Factors [PDF]
An important research area of the corporate yield spread literature seeks to measure the proportion of the spread that can be explained by factors such as the possibility of default, liquidity, tax differentials and market risk.
Geneviève Gauthier +4 more
core
Financial Statement Readability and Firm Debt Choice
Financial Management, EarlyView.ABSTRACT Examining more than 16,000 firm‐year observations in the United States, we provide novel evidence showing that higher financial statement readability leads to a decrease in information asymmetry and the need for external monitoring, thereby reducing the reliance on bank debt relative to public debt.
Wajih Abbassi +3 more
wiley +1 more source
The determinants of sovereign risk premiums in the UK and the European government bond market: the impact of Brexit. [PDF]
Int Econ Econ Policy, 2022 Kadiric S.
europepmc +1 more source
Credit risk tools: an overview [PDF]
This document presents several Credit Risk tools which have been developed for the Credit Derivatives Risk Management. The models used in this context are suitable for the pricing, sensitivity/scenario analysis and the derivation of risk measures for ...
Esposito, Francesco Paolo
core +1 more source
Geopolitical Risk and Domestic Bank Deposits
Financial Management, EarlyView.ABSTRACT We investigate the relationship between global geopolitical risk and bank deposit flows across a wide panel of European countries. Motivated by the pivotal role of deposit stability for financial intermediation and systemic resilience, we explore whether geopolitical shocks alter depositors’ portfolio choices.
Dimitris Anastasiou +3 more
wiley +1 more source
Modeling Fuzzy Moral Hazard in Credit Default Swap Pricing: A Reduced-Form Approach
International Journal of Computational Intelligence SystemsIn existing literature, moral hazard is often modeled as a constant. However, moral hazard can be “fuzzy” rather than “precisely defined.” As moral hazard is dynamic and variable, exhibiting both constancy and differentiation, its representation through ...
Liang Wu, Hongtao Hua
doaj +1 more source