Measuring Off Balance Sheet Leverage
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Measuring Off Balance Sheet Leverage
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Author : Mr.Peter Breuer
language : en
Publisher: International Monetary Fund
Release Date : 2000-12-01
Measuring Off Balance Sheet Leverage written by Mr.Peter Breuer and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000-12-01 with Business & Economics categories.
The simultaneous unwinding of leveraged positions can trigger financial market turbulence. Although balance-sheet measures of leverage are available, it is useful to construct a measure of leverage that incorporates both on- and off-balance-sheet activities. This paper provides measures of leverage implicit in derivative contracts by decomposing the contracts into cash market equivalent components. A leverage ratio can then be calculated for this replicating portfolio, which consists of own funds (equity) and borrowed funds equivalents (debt). Methods for aggregating leverage by institution and by markets are presented. The interaction between leverage and risk is discussed, and a modified capital adequacy ratio is calculated, which captures off-balance-sheet exposure.
Measuring Off Balance Sheet Leverage
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Author : Peter D. Breuer
language : en
Publisher:
Release Date : 2000
Measuring Off Balance Sheet Leverage written by Peter D. Breuer and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Bank capital categories.
Measuring Off Balance Sheet Leverage
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Author :
language : en
Publisher:
Release Date :
Measuring Off Balance Sheet Leverage written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
The International Monetary Fund (IMF) presents the full text of the December 2000 working paper entitled "Measuring Off-Balance-Sheet Leverage," prepared by Peter Breuer. The text is available in PDF format. This paper provides measures of leverage implicit in derivative contracts by decomposing the contracts into cash market equivalent components. Breuer discusses the interaction between leverage and risk.
Leverage A Broader View
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Author : Mr.Manmohan Singh
language : en
Publisher: International Monetary Fund
Release Date : 2018-03-19
Leverage A Broader View written by Mr.Manmohan Singh and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-19 with Business & Economics categories.
Traditional measures of leverage in the financial system tend to reflect bank balance sheet data. The paper argues that these traditional, bank-centric measures should be augmented by considering pledged collateral in the financial system since pledged collateral provides a measure of an important part of nonbank funding to banks. From a policy perspective, the paper suggests that a broader view on leverage will enhance our understanding of global systemic risk, and complement the theoretical work in this field by providing a link from micro-level leverage data to macro aggregates such as credit to the economy.
Off Balance Sheet Activities
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Author : Joshua Ronen
language : en
Publisher: Bloomsbury Publishing USA
Release Date : 1990-11-30
Off Balance Sheet Activities written by Joshua Ronen and has been published by Bloomsbury Publishing USA this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990-11-30 with Business & Economics categories.
The objective of Off-Balance Sheet Activities is to gain insights into, and propose meaningful solutions to, those issues raised by the current proliferation of off-balance sheet transactions. The book has its origins in a New York University conference that focused on this topic. Jointly undertaken by the Vincent C. Ross Institute of Accounting Research and New York University's Salomon Center for the study of Financial Institutions at the Stern School of Business, the conference brought together academic researchers and practitioners in the field of accounting and finance to address the issues with the broad-mindedness requisite of a group whose approaches to solutions are as different from each other as their respectively theoretical and applied approaches to the disciplines of finance and accounting. The essays are divided into two sections. The first covers issues surrounding OBS activities and banking and begins with a brief introduction that places the essays into context. OBS activities and the underinvestment problem, whether loan sales are really OBS, and money demand and OBS liquidity are examined in detail. Section two, which also begins with a brief introduction, focuses on issues of securitized assets and financing. A report on recognition and measurement issues in accounting for securitized assets is followed by three separate discussion essays. Other subjects covered include contract theoretic analysis of OBS financing, the use of OBS financing to circumvent financial covenant restrictions, and debt contracting and financial contracting. The latter two contributions are also followed by discussion essays. This unique collection of papers will prove to be an interesting and valuable tool for accounting and finance professionals as well as for academics involved in these fields. It will also be an important addition to public, college, and university libraries.
International Convergence Of Capital Measurement And Capital Standards
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Author :
language : en
Publisher: Lulu.com
Release Date : 2004
International Convergence Of Capital Measurement And Capital Standards written by and has been published by Lulu.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Bank capital categories.
The Dark Side Of Bank Wholesale Funding
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Author : Mr.Lev Ratnovski
language : en
Publisher: International Monetary Fund
Release Date : 2010-07-01
The Dark Side Of Bank Wholesale Funding written by Mr.Lev Ratnovski and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-07-01 with Business & Economics categories.
Banks increasingly use short-term wholesale funds to supplement traditional retail deposits. Existing literature mainly points to the "bright side" of wholesale funding: sophisticated financiers can monitor banks, disciplining bad but refinancing good ones. This paper models a "dark side" of wholesale funding. In an environment with a costless but noisy public signal on bank project quality, short-term wholesale financiers have lower incentives to conduct costly monitoring, and instead may withdraw based on negative public signals, triggering inefficient liquidations. Comparative statics suggest that such distortions of incentives are smaller when public signals are less relevant and project liquidation costs are higher, e.g., when banks hold mostly relationship-based small business loans.
Off Balance Sheet Finance
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Author : Ron Paterson
language : en
Publisher: Springer
Release Date : 2016-07-27
Off Balance Sheet Finance written by Ron Paterson and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-27 with Business & Economics categories.
In recent years the capital markets have developed into ever more complex areas, and banks have competed with each other to develop more sophisticated and innovative methods of financing. The pace of this innovation has often outstripped the development of rules for financial reporting. Off balance sheet finance is one particular area where the standard-setters are only now catching up. The Accounting Standards Board recently published a further exposure draft on the subject. FRED 4 - Reporting the substance of transactions - and Part 1 discusses in detail how it will affect the accounting treatment of various forms of off balance sheet finance. The exposure draft is reproduced in full in Part 2. Off Balance Sheet Finance will be an indispensable guide for bankers, other financiers, accountants and lawyers.
The Procyclicality Of Basel Iii Leverage
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Author : Christian Pierre Alain Calmès
language : en
Publisher:
Release Date : 2014
The Procyclicality Of Basel Iii Leverage written by Christian Pierre Alain Calmès and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
Traditional leverage ratios assume that bank equity captures all changes in asset values. However, in the context of market-oriented banking, capital can be funded by additional debt or asset sales without directly influencing equity. Given the new sources of liquidity generated by off-balance-sheet (OBS), time-varying indicators of leverage are better suited to capture the dynamics of aggregate leverage. In this paper, we introduce a Kalman filter procedure to study such elasticity-based measures of broad leverage. This approach enables the detection of the build-up in bank risk years before what the traditional assets to equity ratio predicts. Most elasticity measures appear in line with the historical episodes, well tracking the cyclical pattern of leverage. Importantly, the degree of total leverage suggests that OBS banking exerts a stronger influence on leverage during expansion periods.
Balance Sheet Analysis
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Author : Raj Kumar Sharma
language : en
Publisher: Raj Kumar Sharma
Release Date : 2021-07-20
Balance Sheet Analysis written by Raj Kumar Sharma and has been published by Raj Kumar Sharma this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-20 with Business & Economics categories.
Balance sheet analysis can reveal lot of important information about the company. A user of balance sheet if interpret the figures correctly can safeguard his interests and protect himself against creative accounting practices. · It is a snapshot of company’s assets, liabilities & equity on a given date. · It is used by management, investors, bankers, & creditors rating agencies to understand the financial health of a company. · It is the minimum requirement for availing credit facilities from banking system. · Users can interpret balance sheet to know the liquidity & leverage position of a company. · It is used by investors to compare with other companies and to find out stocks good for value investing. · It enables the credit providers to ascertain proper utilization of funds by the company. · It is used by regulators to ensure regulatory compliances. · It is used by private equity investors, venture capital funds to ascertain value of a company and to acquire stake at appropriate price. · It is used by top management to ascertain, if the company is moving in right direction or needs some course correction. In this book, author has tried to elaborate basic structure of balance sheet along with classification of assets and liabilities of a company. The book provides commonly used tools for interpretation of balance sheet information for use by bankers and investors.