... Conceptually, the value of the shareholders’ interest can be thought of as a call option on the assets of the firm, with the ability to put the assets to the debt holders if the value of the assets ... defining the value of an earning asset as composed of two components: the promised value, less the value of an option held by the bank (the lende...
Ngày tải lên: 15/03/2014, 14:20
... typology, on the basis of their co-ordinates along the two axis of Graph 1, turning clockwise from the top-right quarter. This differentiation actually reflects closely the four quarters of the graph, ... results for the Loss equations, calculated first on the whole sample, then on pairs of the sub-groups derived from the MCA analysis. The reported coefficients...
Ngày tải lên: 06/03/2014, 08:20
Working Paper Series no 1096 / September 2009: The determinants of Bank capital structure potx
... capital structure of banks back to differences in the quality of corporate governance in the banks. Frank and 29 There are other interesting differences in the governance of banks relative ... percentage of the book value of banks for 2,408 bank- year observations in our sample of the 200 largest publicly traded banks in the U.S. and the EU from the Banks...
Ngày tải lên: 15/03/2014, 10:20
Monetary Policy Surprises and Interest Rates: Evidence from the Fed Funds Futures Market doc
... has more of the flavor associated with the VAR literature mentioned earlier, and shifts the focus away from the precise timing of the policy actions. 11 In addition, the assumption that the dates of ... spread between the future rate and the Fed funds target on the last day of month s 1. The sum of the two is just the month-s average funds rate target minu...
Ngày tải lên: 06/03/2014, 02:21
The Art Of Creating A Successful Blog – Tips From The Pros
... Nation, and then Polygon, which is a games site that we launched in the middle of 2012.” Joshua told me that Jim Bankof f , the CEO of SB Nation, decided to f und the f ounding of The Verge, and in ... One of our first big features was called ‘Condo at the End of the World’, which was a piece about these people building survival condominiums in the middle of the de...
Ngày tải lên: 07/02/2014, 15:35
Tài liệu Báo cáo khoa học: Glucuronate, the precursor of vitamin C, is directly formed from UDP-glucuronate in liver pptx
... procedure. The finding that the effect of CoASH depends on the presence of ATP (although not of other NTPs such as GTP and UTP; not shown) suggests that it is indirectly mediated via the formation of ... resulting from acid hydrolysis of UDP- glucuronate, was measured. This value was subtracted from those found in the presence of liver extract. Note that the scale...
Ngày tải lên: 19/02/2014, 07:20
Tài liệu The Benefits of Bank Deposit Rate Ceilings: New Evidence on Bank Rates and Risk in the 1920s (p. 2) docx
... Savings Banks ' Due New York State Savings and Loan Associations, Credit Unions and Land Bank Deposits of the State of New York Deposits of the Superintendent of Banks of the State of New ... most of the last 50 years, to promote a safe banking system, the U.S. Congress has imposed interest rate ceilings on bank deposits. Federal legislation passed in...
Ngày tải lên: 15/02/2014, 05:20
Tài liệu Temi di discussione: Are there asymmetries in the response of bank interest rates to monetary shocks? pdf
... Asymmetries in the adjustment of the interbank rate to a monetary shock are detected only in the first period. This reflects the existence, from the beginning of the 1990s, of an efficient ... the results on the asymmetric effects in Section 7 are robust in terms of a greater number of degrees of freedom. The exclusion of the interbank rate from the...
Ngày tải lên: 17/02/2014, 03:20
The Determinants of Commercial Bank Profitability in Sub-Saharan Africa potx
... function of their market power, this outcome presents evidence of market power incidence in the banking sector. 14 The ratio of net interest revenues to other operating income enters the regression ... distinction between the above two effects, given the development stage of the SSA banking sector. However, we are confident that an important piece of the...
Ngày tải lên: 06/03/2014, 14:20