Riding The Yield Curve Risk Taking Behavior In A Low Interest Rate Environment
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Riding The Yield Curve Risk Taking Behavior In A Low Interest Rate Environment
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Author : Mr.Ralph Chami
language : en
Publisher: International Monetary Fund
Release Date : 2020-03-13
Riding The Yield Curve Risk Taking Behavior In A Low Interest Rate Environment written by Mr.Ralph Chami 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 2020-03-13 with Business & Economics categories.
Investors seek to hedge against interest rate risk by taking long or short positions on bonds of different maturities. We study changes in risk taking behavior in a low interest rate environment by estimating a market stochastic discount factor that is non-linear and therefore consistent with the empirical properties of cashflow valuations identified in the literature. We provide evidence that non-linearities arise from hedging strategies of investors exposed to interest rate risk. Capital losses are amplified when interest rates increase and risk averse investors have taken positions on instruments with longer maturity, expecting instead interest rates to revert back to their historical average.
Economic Outlook For Southeast Asia China And India 2021 Reallocating Resources For Digitalisation
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2021-02-04
Economic Outlook For Southeast Asia China And India 2021 Reallocating Resources For Digitalisation written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-04 with categories.
The 2021 edition of the Outlook addresses reallocation of resources to digitalisation in response to COVID-19, with special focuses on health, education and Industry 4.0. During the COVID-19 crisis, digitalisation has proved critical to ensuring the continuity of essential services.
Essentials Of Managing Treasury
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Author : Karen A. Horcher
language : en
Publisher: John Wiley & Sons
Release Date : 2011-01-11
Essentials Of Managing Treasury written by Karen A. Horcher and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-11 with Business & Economics categories.
ESSENTIALS OF MANAGING TREASURY Treasury is the financial hub of an organization-a hub with many spokes. This concise reference describes each functional area within treasury and includes guidelines for best practices and revelant technologies. With tips and techniques, it provides a practical overview of treasury and its relationship to every part of an organization. "Karen Horcher enjoys a well-earned reputation as an expert in her field, having both written and taught financial seminars for the Treasury Management Association of Canada (TMAC) for the past seven years. Her many years of experience as a front-line banker lend credibility to her work. Karen is justly appreciated for her ability to make complex financial concepts easy to understand." -Blair McRobie, Executive Director Treasury Management Association of Canada "Essentials of Managing Treasury provides an excellent perspective on the history, breadth, and current trends in treasury management. The reader can quickly grasp the 'real world of treasury management' and the practical and strategic issues faced by treasurers and financial professionals today." -Brian McArthur, Vice President Treasury Management, Royal Bank Financial Group The Wiley Essentials Series-because the business world is always changing...and so should you.
Alternative Investments
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Author : Donald R. Chambers
language : en
Publisher: John Wiley & Sons
Release Date : 2020-03-16
Alternative Investments written by Donald R. Chambers and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-16 with Business & Economics categories.
Alternative Investments: CAIA Level I, 4th Edition is the curriculum book for the Chartered Alternative Investment Analyst (CAIA) Level I professional examination. Covering the fundamentals of the alternative investment space, this book helps you build a foundation in alternative investment markets. You'll look closely at the different types of hedge fund strategies and the range of statistics used to define investment performance as you gain a deep familiarity with alternative investment terms and develop the computational ability to solve investment problems. From strategy characteristics to portfolio management strategies, this book contains the core material you will need to succeed on the CAIA Level I exam. This updated fourth edition tracks to the latest version of the exam and is accompanied by the following ancillaries: a workbook, study guide, learning objectives, and an ethics handbook.
Behavior Of Interest Rates
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Author : Richard Roll
language : en
Publisher:
Release Date : 1970-11-11
Behavior Of Interest Rates written by Richard Roll and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1970-11-11 with Business & Economics categories.
Fixed Income Strategy
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Author : Tamara Mast Henderson
language : en
Publisher: John Wiley & Sons
Release Date : 2004-04-21
Fixed Income Strategy written by Tamara Mast Henderson and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-04-21 with Business & Economics categories.
Market players put their jobs on the line with every position they take. Any fixed income investor in the circumstance of being granted one wish would probably want to know what interest rates are going to do in the future. Economists and others have constructed models of interest rate behaviour, but no model works in all circumstances. The main aim of this book is to straddle the different worlds of theoretical models and practical market experience, while offering an interdisciplinary framework for fixed income investing and trading. A focussed but very practical approach to fixed-income investment, aimed at practitioner market Contains investment checklists and interviews with market practitioners Offers an interdisciplinary framework for fixed-income investing and trading, and combines worlds of theoretical models and practical market experience
Financial Institutions Management
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Author : Anthony Saunders
language : en
Publisher: McGraw-Hill Ryerson
Release Date : 2001
Financial Institutions Management written by Anthony Saunders and has been published by McGraw-Hill Ryerson this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
This text focuses on the risks faced by managers of financial institutions and the methods and markets through which these risks are managed. The context is the Canadian financial services industry. The text begins with thumbnail sketches of the industry, its member companies, their structures and the regulatory environment. It looks not only at banks but also at insurance companies, trust companies, credit unions, investment banks and finance companies, providing a holistic view of the challenges of liquidity risk, interest rate risk, market risk, credit and other risks in the global environment.This highly regarded text continues to take the same innovative approach as the first edition, focusing on managing return and risk. The book's central theme is that the risks faced by financial institution managers, and the methods and markets through which these risks are managed, are essentially the same, whether the institution is a commercial bank, an investment bank, a credit union, an insurance company or a finance company. A second theme that emerges in this edition is that the risks booked by the financial institution use risk capital and generate an expected return that should justify that use. The authors explain the latest techniques of risk measurement against the backdrop of the convergence of worldwide securities, investment, credit and insurance industries.
Banks Maturity Transformation Risk Reward And Policy
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Author : Pierluigi Bologna
language : en
Publisher: International Monetary Fund
Release Date : 2018-03-09
Banks Maturity Transformation Risk Reward And Policy written by Pierluigi Bologna 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 2018-03-09 with Business & Economics categories.
The aim of this paper is twofold: first, to study the determinants of banks’ net interest margin with a particular focus on the role of maturity transformation, using a new measure of maturity mismatch; second, to analyse the implications for banks from the relaxation of a binding prudential limit on maturity mismatch, in place in Italy until mid-2000s. The results show that maturity transformation is a relevant driver of the net interest margin, as higher maturity transformation is typically associated with higher net interest margin. However, ‘excessive’ maturity transformation— even without leading to systemic vulnerabilities— increases banks’ interest rate risk exposure and lowers their net interest margin.
The Interest Rate Risk Of Banks
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Author : Max Teichert
language : en
Publisher:
Release Date : 2018
The Interest Rate Risk Of Banks written by Max Teichert and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with categories.
Behavioral Corporate Finance
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Author : Hersh Shefrin
language : en
Publisher: College Ie Overruns
Release Date : 2017-04-16
Behavioral Corporate Finance written by Hersh Shefrin and has been published by College Ie Overruns this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-04-16 with Corporations categories.