Results 21 to 30 of about 27,016 (257)
Complexity, 2018 We introduce an evolving network model of credit risk contagion in the credit risk transfer (CRT) market. The model considers the spillover effects of infected investors, behaviors of investors and regulators, emotional disturbance of investors, market ...
Tingqiang Chen, Binqing Xiao, Haifei Liu
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The Effect of Credit Derivatives on Financial Stability
Applied Finance Letters, 2016 Due to the recent financial turmoil, questions have been raised about the impact of complex financial products, like credit derivatives, on financial stability. The academic literature however does not provide a clear answer to this question.
Richard van Ofwegen +2 more
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Regulation, Credit Risk Transfer with CDS, and Bank Lending [PDF]
SSRN Electronic Journal, 2011 We integrate Basel II (and III) regulations into the industrial organization approach to banking and analyze the interaction between capital adequacy regulation and credit risk transfer with credit default swaps (CDS) including its effect on lending behavior and risk sensitivity of a risk-neutral bank .
Pausch, Thilo, Welzel, Peter
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Dynamics Evolution of Credit Risk Contagion in the CRT Market
Discrete Dynamics in Nature and Society, 2013 This work introduces a nonlinear dynamics model of credit risk contagion in the credit risk transfer (CRT) market, which contains time delay, the contagion rate of credit risk, and nonlinear resistance.
Tingqiang Chen, Jianmin He, Qunyao Yin
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Entropy, 2020 The purpose of the paper is to investigate the relationship between sovereign Credit Default Swap (CDS) and stock markets in nine emerging economies from Central and Eastern Europe (CEE), using daily data over the period January 2008−April 2018 ...
Sorin Gabriel Anton +1 more
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Credit Risk Transfer and De Facto GSE Reform [PDF]
SSRN Electronic Journal, 2018 The Fannie Mae and Freddie Mac credit risk transfer (CRT) programs, now in their fifth year, shift a portion of credit risk on more than $1.8 trillion of mortgages to private-sector investors. This study summarizes and evaluates the CRT programs, finding that they have been successful in reducing the exposure of the government-sponsored enterprises and
Finkelstein, David L. +2 more
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COMPLEMENTARITIES BETWEEN LOAN SALES AND STANDBY LETTERS OF CREDIT: A THEORETICAL MODEL [PDF]
Financial StudiesIn their traditional function, commercial banks engage in recourse loan sales while evaluating clients’ creditworthiness and assuming risk. However, banks face regulatory constraints that prevent them from fully exploiting this activity.
Vassilios N. GARGALAS, Mario G. CORZO
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Abnormal accounting accrual Management by internal and external Market Discipline: The case of Tunisian banks in the context of the ‘Arab Spring’ [PDF]
ACRN Journal of Finance and Risk Perspectives, 2019 Problem/Relevance: This paper deals with such market disciplinary factors as shareholder ownership, audit committee composition and Basel III prudential regulation affecting accounting manipulation measured by abnormal accruals in Tunisian banks in the ...
Mohamed Sadok Gassouma
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Land, 2021 The transfer of rural land contractual management rights belongs to the recessive transition of land use. The mortgage of rural land management rights is a way of rural land circulation, and has an important impact on the transformation of land use ...
Hongguang Zheng, Zhanbin Zhang
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The Financial Crisis and the Global Shadow Banking System
Revue de la Régulation, 2009 The financial crisis triggered by increasing default rate, real estate devaluation and financial asset depreciation associated with the US subprime mortgages brought back the debate about the framework of the US and international financial systems, their
Maryse Farhi +1 more
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