Îïèñàíèå: The first decade of the 21st Century has been disastrous for financial institutions, derivatives and risk management. Counterparty credit risk has become the key element of financial risk management, highlighted by the bankruptcy of the investment bank Lehman Brothers and failure of other high profile institutions such as Bear Sterns, AIG, Fannie Mae and Freddie Mac. The sudden realisation of extensive counterparty risks has severely compromised the health of global financial markets. Counterparty risk is now a key problem for all financial institutions. This book explains the emergence of counterparty risk during the recent credit crisis. The quantification of firm-wide credit exposure for trading desks and businesses is discussed alongside risk mitigation methods such as netting and collateral management (margining) and central counterparties. Banks and other financial institutions have been recently developing their capabilities for pricing counterparty risk and these elements are considered in detail via a characterisation of credit value adjustment (CVA). The implications of an institution valuing their own default via debt value adjustment (DVA) and funding costs (FVA) are also considered at length. Portfolio management and hedging of CVA are described in full. Wrong-way counterparty risks are addressed in detail in relation to interest rate, foreign exchange, commodity and credit derivative products. Regulatory capital for counterparty risk, including the recent Basel III requirements for CVA VAR is discussed. The management of counterparty risk within an institution by a CVA desk is also discussed in detail. Finally, the design and benefits of central clearing, a recent development to attempt to control the rapid growth of counterparty risk, is considered. Hedging aspects, together with the associated instruments such as credit defaults swaps (CDSs) and contingent CDS (CCDS) are described in full. This book is unique in being practically focused but also covering the more technical aspects. It is an invaluable complete reference guide for any market practitioner, policy maker, academic or student with any responsibility or interest within the area of counterparty credit risk and CVA.
Àâòîð: Giovanoli, Mario; Devos, Diego Íàçâàíèå: International Monetary and Financial Law: The Global Crisis ISBN: 0199588414 ISBN-13(EAN): 9780199588411 Èçäàòåëüñòâî: Oxford Academ Ðåéòèíã: Öåíà: 45936.00 ð. Íàëè÷èå íà ñêëàäå: Ïîñòàâêà ïîä çàêàç.
Îïèñàíèå: This new book is a unique collaboration of the top academic and practitioner monetary and financial lawyers from around the world. It examines current legal issues of international monetary and financial law in the light of the current global financial crisis and consequent reforms of international and domestic financial architecture.
Íàçâàíèå: Europe and the financial crisis ISBN: 0230285546 ISBN-13(EAN): 9780230285545 Èçäàòåëüñòâî: Springer Ðåéòèíã: Öåíà: 15372.00 ð. Íàëè÷èå íà ñêëàäå: Åñòü ó ïîñòàâùèêà Ïîñòàâêà ïîä çàêàç.
Îïèñàíèå: The global financial and economic crisis has brought about many effects that are still difficult to interpret univocally. This book studies the consequences of the crisis on Europe by examining the effects on the European institutional setup, governance and architecture and by studying in detail the different member countries.
Îïèñàíèå: This book explores the challenges faced by the Japanese economy and the Japanese banking industry following the financial crisis that emerged around the turn of the last millennium. The author explores how the Japanese financial crisis of the late 1990s engendered huge restructuring efforts in the banking industry, which eventually led to even more sweeping changes of the economic system and long-term deflation in the 2000s. The discussion begins with an overview of the unconventional monetary policy launched by the Bank of Japan at this time, while banking administrative policies maintained their strict code of governance. The author describes how, just as recovery seemed possible, the twin disasters of the Lehman shock and the Great East Japan Earthquake buffeted the recovering economy, and pushed Japan again into deflation. The book also looks to the very recent past, with the sudden advent of Abenomics in 2013, with its three-pronged approach, which was intended to break the deflationary mindset. Finally, the author projects what the future of the banking industry in Japan might encompass, as looming demographic changes gradually threaten both the economy and the banking industry.
Àâòîð: Sanjai Bhagat Íàçâàíèå: Financial Crisis, Corporate Governance, and Bank Capital ISBN: 1107170648 ISBN-13(EAN): 9781107170643 Èçäàòåëüñòâî: Cambridge Academ Ðåéòèíã: Öåíà: 6811.00 ð. Íàëè÷èå íà ñêëàäå: Åñòü ó ïîñòàâùèêà Ïîñòàâêà ïîä çàêàç.
Îïèñàíèå: This book proposes a solution to the `too big to fail` problem that will help to prevent future financial crises through the restructuring of executive incentive programmes. It will be of great value to corporate executives, corporate board members, institutional investors and economic policymakers, as well as students studying finance, economics and law.
Àâòîð: Allen Íàçâàíèå: International Liquidity and the Financial Crisis ISBN: 1107420326 ISBN-13(EAN): 9781107420328 Èçäàòåëüñòâî: Cambridge Academ Ðåéòèíã: Öåíà: 6018.00 ð. Íàëè÷èå íà ñêëàäå: Åñòü ó ïîñòàâùèêà Ïîñòàâêà ïîä çàêàç.
Îïèñàíèå: International Liquidity and the Financial Crisis describes in forensic detail how central banks around the world, led by the Federal Reserve, provided huge injections of liquidity following the collapse of Lehman Brothers. It compares the 2008 crisis with the disaster of 1931 and analyses its legacy for monetary policy.
Àâòîð: Beblav? Íàçâàíèå: The Euro Area and the Financial Crisis ISBN: 1107673003 ISBN-13(EAN): 9781107673007 Èçäàòåëüñòâî: Cambridge Academ Ðåéòèíã: Öåíà: 7445.00 ð. Íàëè÷èå íà ñêëàäå: Åñòü ó ïîñòàâùèêà Ïîñòàâêà ïîä çàêàç.
Îïèñàíèå: Written by a team of leading academic and central bank economists, this book presents the latest research on how the world financial crisis has struck the euro area and what policy changes and structural reforms, both macro and micro, should be undertaken to ensure its future viability.
Îïèñàíèå: This book provides new interdisciplinary and comparative answers as to why banking sectors in `liberal` and `coordinated` market economies operated under a shared set of rules during the Global Financial Crisis. Exploring the role of complex interactions among interdependent structures, institutions and agents defines this banking behaviour.
Àâòîð: Dewatripont Mathias, Rochet Jean-Charles, Tirole Jean Íàçâàíèå: Balancing the Banks: Global Lessons from the Financial Crisis ISBN: 0691168199 ISBN-13(EAN): 9780691168197 Èçäàòåëüñòâî: Wiley Ðåéòèíã: Öåíà: 2850.00 ð. Íàëè÷èå íà ñêëàäå: Åñòü ó ïîñòàâùèêà Ïîñòàâêà ïîä çàêàç.
Îïèñàíèå: The financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system. Bringing together three leading financial economists to provide an international perspective, Balancing the Banks draws critical lessons from the causes of th
Îïèñàíèå: This book presents a detailed account of Iceland`s recovery from the tumultuous banking collapse that overturned its financial industry in 2008.
