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Commercial banks in the securities business: a review

Santos, João Cabral dos - Federal Reserve Bank of Cleveland - 1996

An analysis of the potential effects of commercial banks' expansion into the securities business, focusing on gains …

Persistent link: https://www.econbiz.de/10005428352

Wertpapierprospekte: Markteinführungspublizität nach EU-Prospektverordnung und Wertpapierprospektgesetz 2005

Schanz, Kay-Michael; Schalast, Christoph - Frankfurt School of Finance and Management - 2006

The legal environment for Securities Prospectuses in Germany has changed dramatically with the implementation of the … German Securities Prospectus Act (Wertpapierprospektgesetz - WpPG) and the Commission Regulation (EC) No. 809/2004 of 29 …

Persistent link: https://www.econbiz.de/10005026996

Die Verlustverteilung des unternehmerischen Forderungsausfallrisikos – Eine simulationsbasierte Modellierung

Dannenberg, Henry - Institut für Wirtschaftsforschung Halle (IWH) - 2006

The risk of bad debt losses evolves for companies which grant payment targets. Possible losses have to be covered by these companies equity and liquidity reserves. The question of how to quantify the level of risk of bad debt losses will be discussed in this paper. Input values of this risk are...

Persistent link: https://www.econbiz.de/10005426755

Schätzunsicherheit oder Korrelation, Welche Risikokomponente sollten Unternehmen bei der Bewertung von Kreditportfoliorisiken wann berücksichtigen?

Dannenberg, Henry - Institut für Wirtschaftsforschung Halle (IWH) - 2007

The use of probability of default estimates to assess the risks of a credit portfolio should not ignore estimation uncertainty. The latter can be quantified by confidence intervals. But assumptions about dependencies of these intervals are inconsistent with assumptions of conventional credit...

Persistent link: https://www.econbiz.de/10005398677

Testing the stability of implied probability density functions

Bliss, Robert R.; Panigirtzoglou, Nikolaos - Federal Reserve Bank of Chicago - 1999

Implied probability density functions (PDFs) estimated from cross-sections of observed options prices are gaining … prices by no more than a half tick provide a lower bound on the confidence intervals of the summary statistics derived from …

Persistent link: https://www.econbiz.de/10005419930

Armut in Georgien

Gabidsaschwili, B.; Gelaschwili, Simon - 2007

Poverty is currently wide spread in Georgia. This paper is dedicated to an analysis of the causes, the extent and the intensity of poverty in Georgia. With a strong focus on the period after Shevardnadze’s presidency, the paper shows how poverty has grown in the past 15 years. In spite of a...

Persistent link: https://www.econbiz.de/10009448987

Habit formation and the comovement of prices and consumption during exchange-rate based stabilization programs

Uribe, Martin - Federal Reserve Board (Board of Governors of the … - 1997

A defining stylized fact associated with exchange-rate-based (ERB) stabilization programs is that their initial phase is characterized by several years of expansion in private consumption and a gradual appreciation of the real exchange rate. In this paper, I argue that standard optimizing models...

Persistent link: https://www.econbiz.de/10005368531

Testing term structure estimation methods

Bliss, Robert R. - Federal Reserve Bank of Atlanta - 1996

the discount rate function directly to bond prices. ; The tests demonstrate the dangers of in-sample goodness-of-fit as … detect misspecification of the underlying pricing equation relating the term structure to bond prices. These tests establish … the presence of unspecified, but nonetheless systematic, omitted factors in the prices of long maturity notes and bonds …

Persistent link: https://www.econbiz.de/10005401949

Cost Information in the New Public Sector Environment: A Case Study of Cost Accounting Change within a State Owned Teaching and Research Hospital

Hoque, Zahirul - Deakin University, Faculty of Business and Law, School … - 2005

research hospital in Australia. The findings indicate that the current utilisation of the cost inforamtion resides primarily at … improved productivity and competitiveness driven by the wave of recent public sector reforms in Australia, is significantly …

Persistent link: https://www.econbiz.de/10004982329

Accounting for Managing Change in the Public Sector: A Case Examining Issues of Organisational and Social Accountability and Employee Resistance

Hoque, Zahirul - Deakin University, Faculty of Business and Law, School … - 2005

reforms in Australia influenced a local city council authority to restructure its internal practices, which in turn caused …

Persistent link: https://www.econbiz.de/10004982346