Исследованы теоретические основы секьюритизации как основного инструмента структурированого финансирования банков и приведены характеристики ценных бумаг,...

В статье определено сущность системы финансового обеспечения, ее структуру и инструменты, проанализировано особенности формирования в Украине и разработано...

В статье представлены результаты исследования формирования и развития механизма хеджирования рисков российских компаний на рынке производных финансовых...

Volatility in Italian sovereign spreads has increased since mid-2011. This paper finds that news on the euro area debt crisis and country specific events were important drivers of sovereign spreads. Movements in sovereign spreads affect CDS spreads and bond yields of Italian banks, and are...

Interest rate derivatives on major currencies, with notional outstanding amounts adding up to hundreds of trillions, are mostly indexed on Libor and Euribor benchmarks, as are hundreds of billions in loans to enterprises, mortgages and other retail loans to the real economy. Yet, the prevailing...

Islamic and cooperative banks such as credit unions are broadly similar in that they both share some risk with savers. However, risk sharing goes along with ownership control in cooperatives, whilst Islamic banks share risk with borrowers and downside risk with depositors. Islamic banking is...

This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the global financial crisis; (ii) identifies the main factors that could account for such behavior; (iii) discusses the implications of procyclical behavior; and (iv) proposes a...

The article considers the resource base of the financial potential of the households in foreign countries and the mechanisms of its development with the instruments of the pension and tax systems, as well as mortgages. The current basic tools of the formation and development of the financial...

This paper investigates the causal relationship between financial development and economic growth in Libya during the period 1970–2010. The empirical results vary with estimation methodology and model specification, but indicate the lack of long-run relationship between financial...