Results 311 to 320 of about 545,548 (381)

An Economic Analysis of Interest Rate Swaps

The Journal of Finance, 1986
ABSTRACTInterest rate swaps, a financial innovation in recent years, are based upon the principle of comparative advantage. An interest rate swap is a useful tool for active liability management and for hedging against interest rate risk. The purpose of this paper is to provide a simple economic analysis of interest rate swaps.
Bicksler, James, Chen, Andrew H
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The Market for Interest Rate Swaps

Financial Management, 1988
by a floating interest rate. Although the instrument only first appeared in 1982,1 U.S. dollar interest rate swaps have grown into a market with 1987 volume estimated at $542 billion.2 With such growth has come concern about the risks in this market. Indeed, in their capital adequacy proposal, the Federal Reserve and the Bank of England suggest, "The ...
Clifford W. Smith, Charles W. Smithson, Lee Macdonald Wakeman   +2 more
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Effects of interest rate swaps

Journal of Economics and Business, 2001
Abstract In this paper we examine the effect of interest rate swaps on the firm, and identify characteristics of firms that use interest rate swaps, reporting findings consistent with interest rate swaps being used as a risk-reducing instrument. Relative to nonswappers, firms using swaps are more likely to experience decreased cash flow variance in ...
Steven Balsam, Sungsoo Kim
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Determinants of Interest rate swap spreads: A quantile regression approach

Journal of economics and finance, 2022
Kenneth A. Tah
semanticscholar   +1 more source

The pricing of interest rate swaps

Journal of Financial Services Research, 1990
Interest rate swaps have become an important tool for financial institutions because they provide a convenient way to reduce interest rate risk. Swaps allow financial institutions to obtain short-term deposits in the local deposit market and then transform these into longer-term liabilities.
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A theory of interest rate swap overhedging

Managerial Finance, 2005
This paper explains the concepts of underhedging and overhedging in interest rate swaps and demonstrates how overhedged and underhedged swaps might be accounted for under Statement of Financial Accounting Standards No. 133 (FAS 133) and international Accounting Standard No. 39.
Angela L.J. Hwang, Robert E. Jensen
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Accounting for Interest Rate Swaps

Journal of Accounting, Auditing & Finance, 1987
There are major accounting issues for both the counterparties and the principal of an interest rate swap transaction. Currently, the market for swaps well exceeds $150 billion, and at this writing there are no explicit accounting standards for such transactions.
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Interest Rate Swaps and Corporate Financing Choices

The Journal of Finance, 1992
ABSTRACTThis paper describes the firm's decision to borrow short‐term versus long‐term and shows how the introduction of interest rate swaps affects this choice. The model shows that in the absence of a swap market, interest rate uncertainty can lead firms to substitute long‐term for short‐term financing.
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Blockchain-Based Implementation of Smart Contract and Risk Management for Interest Rate Swap

, 2020
Xiaowei Ding, Hongyao Zhu
semanticscholar   +1 more source

Interest rate swaps

2023
Bin Wei, Vivian Z. Yue
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