The Effect Of Leverage On Asset Sales Between Financial Institutions
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Author |
: Mr.Sonali Das |
Publisher |
: International Monetary Fund |
Total Pages |
: 17 |
Release |
: 2017-09-08 |
ISBN-10 |
: 9781484319055 |
ISBN-13 |
: 1484319052 |
Rating |
: 4/5 (55 Downloads) |
Synopsis The Effect of Leverage on Asset Sales Between Financial Institutions by : Mr.Sonali Das
This paper analyzes how the leverage of financial institutions affects their demand for assets and the resulting value of transactions between financial institutions. The results show a positive relationship between buyer capital and the likelihood of buying assets, and between buyer capital and the value of the deal. That is, those institutions that are the least constrained in their ability to raise funding are those that demand assets and pay more for them. This result does not hold, however, for deposit-taking institutions that had access to several government programs designed to improve their liquidity position during the crisis of 2008.
Author |
: Mr.Sonali Das |
Publisher |
: International Monetary Fund |
Total Pages |
: 17 |
Release |
: 2017-09-08 |
ISBN-10 |
: 9781484318171 |
ISBN-13 |
: 148431817X |
Rating |
: 4/5 (71 Downloads) |
Synopsis The Effect of Leverage on Asset Sales Between Financial Institutions by : Mr.Sonali Das
This paper analyzes how the leverage of financial institutions affects their demand for assets and the resulting value of transactions between financial institutions. The results show a positive relationship between buyer capital and the likelihood of buying assets, and between buyer capital and the value of the deal. That is, those institutions that are the least constrained in their ability to raise funding are those that demand assets and pay more for them. This result does not hold, however, for deposit-taking institutions that had access to several government programs designed to improve their liquidity position during the crisis of 2008.
Author |
: |
Publisher |
: Lulu.com |
Total Pages |
: 294 |
Release |
: 2004 |
ISBN-10 |
: 9789291316694 |
ISBN-13 |
: 9291316695 |
Rating |
: 4/5 (94 Downloads) |
Synopsis International Convergence of Capital Measurement and Capital Standards by :
Author |
: Jennifer Romero-Torres |
Publisher |
: Asian Development Bank |
Total Pages |
: 130 |
Release |
: 2017-11-01 |
ISBN-10 |
: 9789292579845 |
ISBN-13 |
: 9292579843 |
Rating |
: 4/5 (45 Downloads) |
Synopsis Securitization in India by : Jennifer Romero-Torres
India needs to spend close to Rs43 trillion (about $646 billion) on infrastructure through to 2022. Such a staggering requirement cannot be met though traditional sources such as public sector bank loans. India must immediately explore and quickly ramp up financing from alternative investment sources. This report provides an overview of infrastructure financing in India, sheds light on the challenges faced by the country's banking sector, suggests an optimal mechanism for securitizing the infrastructure assets of public sector banks, and outlines a range of scenarios and factors that must be in place for this mechanism to be successfully realized.
Author |
: International Monetary Fund. Fiscal Affairs Dept. |
Publisher |
: International Monetary Fund |
Total Pages |
: 78 |
Release |
: 2016-12-10 |
ISBN-10 |
: 9781498345200 |
ISBN-13 |
: 1498345204 |
Rating |
: 4/5 (00 Downloads) |
Synopsis Tax Policy, Leverage and Macroeconomic Stability by : International Monetary Fund. Fiscal Affairs Dept.
Risks to macroeconomic stability posed by excessive private leverage are significantly amplified by tax distortions. ‘Debt bias’ (tax provisions favoring finance by debt rather than equity) has increased leverage in both the household and corporate sectors, and is now widely recognized as a significant macroeconomic concern. This paper presents new evidence of the extent of debt bias, including estimates for banks and non-bank financial institutions both before and after the global financial crisis. It presents policy options to alleviate debt bias, and assesses their effectiveness. The paper finds that thin capitalization rules restricting interest deductibility have only partially been able to address debt bias, but that an allowance for corporate equity has generally proved effective. The paper concludes that debt bias should feature prominently in countries’ tax reform plans in the coming years.
Author |
: Mr.Luc Laeven |
Publisher |
: International Monetary Fund |
Total Pages |
: 43 |
Release |
: 2009-09-01 |
ISBN-10 |
: 9781451873542 |
ISBN-13 |
: 1451873549 |
Rating |
: 4/5 (42 Downloads) |
Synopsis Accounting discretion of banks during a financial crisis by : Mr.Luc Laeven
This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to mortgage-backed securities also react favorably to recent changes in accounting rules that relax fair-value accounting, and these banks provision less for bad loans. Furthermore, distressed banks use discretion in the classification of mortgage-backed securities to inflate their books. Our results indicate that banks' balance sheets offer a distorted view of the financial health of the banks.
Author |
: Harry Markowitz |
Publisher |
: Yale University Press |
Total Pages |
: 369 |
Release |
: 2008-10-01 |
ISBN-10 |
: 9780300013726 |
ISBN-13 |
: 0300013728 |
Rating |
: 4/5 (26 Downloads) |
Synopsis Portfolio Selection by : Harry Markowitz
Embracing finance, economics, operations research, and computers, this book applies modern techniques of analysis and computation to find combinations of securities that best meet the needs of private or institutional investors.
Author |
: Bandi Kamaiah |
Publisher |
: Springer |
Total Pages |
: 227 |
Release |
: 2018-01-12 |
ISBN-10 |
: 9789811058103 |
ISBN-13 |
: 9811058105 |
Rating |
: 4/5 (03 Downloads) |
Synopsis Current Issues in Economics and Finance by : Bandi Kamaiah
This book discusses wide topics related to current issues in economic growth and development, international trade, macroeconomic and financial stability, inflation, monetary policy, banking, productivity, agriculture and food security. It is a collection of seventeen research papers selected based on their quality in terms of contemporary topic, newness in the methodology, and themes. All selected papers have followed an empirical approach to address research issues, and are segregated in five parts. Part one covers papers related to fiscal and price stability, monetary policy and economic growth. The second part contains works related to financial integration, capital market volatility and macroeconomic stability. Third part deals with issues related to international trade and economic growth. Part four covers topics related to productivity and firm performance. The final part discusses issues related to agriculture and food security. The book would be of interest to researchers, academicians as a ready reference on current issues in economics and finance.
Author |
: Katrina Avila Munichiello |
Publisher |
: Tuttle Publishing |
Total Pages |
: 256 |
Release |
: 2017-03-21 |
ISBN-10 |
: 0804848998 |
ISBN-13 |
: 9780804848992 |
Rating |
: 4/5 (98 Downloads) |
Synopsis A Tea Reader by : Katrina Avila Munichiello
A Tea Reader contains a selection of stories that cover the spectrum of life. This anthology shares the ways that tea has changed lives through personal, intimate stories. Read of deep family moments, conquered heartbreak, and peace found in the face of loss. A Tea Reader includes stories from all types of tea people: people brought up in the tea tradition, those newly discovering it, classic writings from long-ago tea lovers and those making tea a career. Together these tales create a new image of a tea drinker. They show that tea is not simply something you drink, but it also provides quiet moments for making important decisions, a catalyst for conversation, and the energy we sometimes need to operate in our lives. The stories found in A Tea Reader cover the spectrum of life, such as the development of new friendships, beginning new careers, taking dream journeys, and essentially sharing the deep moments of life with friends and families. Whether you are a tea lover or not, here you will discover stories that speak to you and inspire you. Sit down, grab a cup, and read on.
Author |
: Mr.Stijn Claessens |
Publisher |
: International Monetary Fund |
Total Pages |
: 66 |
Release |
: 2013-01-30 |
ISBN-10 |
: 9781475561005 |
ISBN-13 |
: 1475561008 |
Rating |
: 4/5 (05 Downloads) |
Synopsis Financial Crises Explanations, Types, and Implications by : Mr.Stijn Claessens
This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since many theories on the sources of financial crises highlight the importance of sharp fluctuations in asset and credit markets, the paper briefly reviews theoretical and empirical studies on developments in these markets around financial crises. Second, what are the major types of financial crises? The paper focuses on the main theoretical and empirical explanations of four types of financial crises—currency crises, sudden stops, debt crises, and banking crises—and presents a survey of the literature that attempts to identify these episodes. Third, what are the real and financial sector implications of crises? The paper briefly reviews the short- and medium-run implications of crises for the real economy and financial sector. It concludes with a summary of the main lessons from the literature and future research directions.