Results 241 to 250 of about 96,143 (293)
Pricing of range accrual swap in the quantum finance Libor Market Model
Physica A: Statistical Mechanics and its Applications, 2014 Abstract We study the range accrual swap in the quantum finance formulation of the Libor Market Model (LMM). It is shown that the formulation can exactly price the path dependent instrument. An approximate price is obtained as an expansion in the volatility of Libor. The Monte Carlo simulation method is used to study the nonlinear domain of the model
Belal E. Baaquie +3 more
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Selected Issues In The Taxation Of Swaps, Structured Finance and Other Financial Products
Florida Tax Review, 2022 This article is based on a paper presented by the author to the Tax Review of New York City on November 16, 1992.The last decade has seen an explosive growth in the use of swaps and other derivative products as part of the asset and liability management strategies of corporations and other institutional investors.
Lewis R. Steinberg
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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.
Sheridan Titman
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SSRN Electronic Journal, 2021 AbstractFinance rests on a process of abstraction, based on various material devices that have been studied by economic sociologists in recent years. The fact that many of those devices are legal in nature has not attracted much attention, even though financial instruments are typically embodied in legal documents.
Pascale Cornut St-Pierre
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SSRN Electronic Journal, 2019 We analyze the real option signaling game models of debt financing of a risky project under information asymmetry, where the firm quality is only known to the firm management but not outsiders. The firm decides on the optimal investment timing of the risky project that requires upfront fixed funding cost and subsequent operating costs.
Wang, Qiuqi, Kwok, Yue Kuen
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Zeros, Swaps, and Options — The Revolution in Finance
, 2002 Orange County, California, one of the richest in the United States, sits on the Pacific Coast, and abuts Los Angeles to the North and San Diego to the South. The county is one of the politically most conservative in the United State — strong voter sentiment for larger military expenditures (lots of retired naval officers live there), a balanced budget,
Robert Z. Aliber
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MBSs, ABSs, CMOs, CDOs, Zeros, Swaps, Options, and Credit Default Swaps — The Revolution in Finance
, 2011 One of the swear words attached to the financial crisis is ‘derivatives’ — a term applied to a wide array of new financial instruments often identified by their acronyms — asset-backed securities (ABSs), mortgage-backed securities (MBSs), collateralized mortgage obligations (CMOs), collateralized debt obligations (CDOs), private mortgage insurance (PMI)
Robert Z. Aliber
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Cross Border Financing Scheme Design under the RMB Currency Swap Framework [PDF]
2009 IEEE International Conference on e-Business Engineering, 2009 During current economic downturn, China has rolled out stimulus plans to facilitate domestic demand development, adjusting her export trade policy. This has affected many Hong Kong invested enterprises in Pearl River Delta (PRD), facing difficulties to transform and upgrade, with new opportunities as well to develop China’s domestic market. Among them,
Zongwei Luo
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Epidemic Financing Facilities: Pandemic Bonds and Endemic Swaps
SSRN Electronic Journal, 2021While the COVID-19 pandemic has shattered the world with severe human toll and catastrophic economic losses and sufferings, it has also heightened the need for more effective solutions for managing epidemic-related risks. In this paper, we pro- pose two capital market-based epidemic financing facilities to address two extremes of epidemic risks.
Shimeng Huang +3 more
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Financing with equity-for-guarantee swaps and dynamic investment under incomplete markets
Economic Modelling, 2021Abstract This paper develops a dynamic incomplete-markets model to analyse the impact of equity-for-guarantee swaps (EGSs), a financial innovation in China, on the interaction between an entrepreneur's initial financing and future dynamic investment policies.
Liu Gan, Xin Xia
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