Home ยป Search

Search

Search results

Ebook Observations on Risk Management Practices during the Recent Market Turbulence

... Differentiated Performance 1. CDO structuring, warehousing, and trading businesses 2. Syndication of leveraged financing ... measures 3. Use of value-at-risk 4. Quality of price data sets and volatility estimates 5. Basis risk . 6. Design and ...

Story - puput - 09/29/2010 - 06:55 - 0 comments - 0 attachments

PDF Ebook Core Financial System Requirements

... timely reports linking financial results and program data so that financial and program results of policy and program decisions can ... Payee Information Maintenance Process Payment Warehousing Process Payment Execution Process Payment Confirmation and ...

Story - antoq - 11/04/2010 - 07:19 - 0 comments - 0 attachments


Ebook Privatization, Foreign Entry, and Bank Risk in Emerging Banking Systems: Evidence from Argentina

Submitted by puput on Thu, 08/12/2010 - 06:48

The Argentine banking system went through a period of major restructuring during the 1990s. After an unsuccessful prior experience with financial liberalization in the 1980s, Argentina began a process of strengthening and restructuring its banking system, which accompanied the introduction of a currency board in 1991. This process was characterized by the adoption of stricter regulatory standards, the privatization of several provincial banks, the facilitation of foreign entry into the domestic banking system, and the introduction of market-based approaches for bank discipline.

During the period 1992-1999, the structure of the banking system changed substantially. More than 90 institutions were closed, including 54 banks and 14 non-banks. The number of institutions in the system decreased from 212 in 1992 to 119 by mid-1999. There were also 18 privatizations, mainly of provincial banks (Calomiris and Powell, 2000). In addition, beginning in 1995, several foreign banks entered the domestic market, primarily through acquisitions of domestic institutions. As a result, by 1999, around half of the assets in the banking system were under foreign control. Foreign banks also had minority stakes in several other institutions. Privatization and foreign entry resulted in aggressive competition among financial institutions for market share.

»

Posted in :

Ebook Systemic changes in the financial world and the search for the new paradigm of finance

Submitted by puput on Thu, 05/19/2011 - 06:35

The recent financial crisis gave rise to questions regarding fundamental issues of the current paradigm of finance. Dramatic events opened our eyes and let us see that behavior of financial markets is far from what we had imagined them to function like. In this paper first we look at systemic changes that financial institutions, markets, and instruments have undergone. We wonder if the these transformations and their effects give grounds to modify theoretical background of finance and to search for a new paradigm that could better describe processes occurring in the global financial market.

»

Posted in :

Ebook Business cycle accounting for the Japanese economy using the parameterized expectations algorithm

Submitted by puput on Mon, 05/16/2011 - 06:40

The idea of business cycle accounting (BCA hereafter) developed by Chari, Kehoe, and McGrattan (2002, 2004, 2007a) is to assess which wedge is important for the fluctuation of an economy which is assumed to be described as a prototype model with time-varying wedges. These wedges resemble productivity, labor and investment taxes, and government consumption. Since these wedges are measured using the production function and first order conditions to fit the actual macroeconomic data, this method can be interpreted as a generalization of growth accounting.

»

Posted in :