Results 231 to 240 of about 982,306 (342)

A Structural Model of Mortgage Offset Accounts in the Australian Housing Market*

open access: yesEconomic Record, EarlyView.
I study a novel institutional feature of Australian housing markets: the widespread use of mortgage offset accounts. These accounts reduce mortgage interest costs and increase mortgage liquidity. I build a heterogeneous agent life‐cycle model of the Australian housing market to study who uses and benefits from these mortgage products.
James Graham
wiley   +1 more source

A New Measurement of Sectoral Concentration of Credit Portfolios

open access: gold, 2013
Yibing Chen, Xianhua Wei, Lingling Zhang
openalex   +1 more source

Real Effects of Hedge Accounting Standards: Evidence from ASU 2017‐12

open access: yesJournal of Accounting Research, EarlyView.
ABSTRACT Complexity in applying financial accounting standards can have real operational effects if firms alter their actions in response to increased reporting costs. We examine whether the introduction of ASU 2017‐12, designed to reduce compliance burden and better align hedge accounting rules with risk management practices, led to more effective ...
WAQAR ALI, DANIEL A. BENS, GAVIN CASSAR
wiley   +1 more source

Pricing portfolio credit derivatives

open access: yes, 2007
This thesis consist of four papers on dynamic dependence modelling in portfolio credit risk. The emphasis is on valuation of portfolio credit derivatives. The underlying model in all papers is the same, but is split in two different submodels, one for inhomogeneous portfolios, and one for homogeneous ones.
openaire  

Index Creation, Information Changes, and Financing*

open access: yesJournal of Accounting Research, EarlyView.
ABSTRACT We study how stock index inclusion affects corporate financing using a global sample of 198 index events—primarily new index launches—across 21 markets. Firms added to indexes issue more public debt but not equity, leading to a sustained increase in leverage.
VIDHAN K. GOYAL   +2 more
wiley   +1 more source

Syndicated Lending Relationships, Information Asymmetry, and Market Making in the Secondary Loan Market

open access: yesJournal of Accounting Research, EarlyView.
ABSTRACT This paper investigates why commercial lenders make markets for the loans that they sell on the secondary market. Using loan‐level data, I find that origination lenders with extensive borrower relationships and more reputational capital at stake are more likely to serve as market makers.
MATTHEW A. PHILLIPS
wiley   +1 more source

An Improved GAS Algorithm. [PDF]

open access: yesEntropy (Basel)
Wang Z, He Y, Luan T, Long Y.
europepmc   +1 more source

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