منابع مشابه
What Is Structured Finance?
On the heels of prominent corporate downgrades in the U.S., the haircut unwinding of exposed collateralized debt obligations reverberated in a drumbeat of warnings and mounting regulatory unease about current risk measurement standards of derivatives and their impact on financial stability. The subsequent drumbeat of warnings about probable knock-on effects of leveraged structured claims on fin...
متن کاملStructured finance, acquisitions and debt agency
Modern corporations use complex debt instruments and pursue acquisitions. In order to analyze the properties of some of these contracts in the event of an acquisition, this paper considers a company that has an incumbent capital structure, comprising one of five practically important structured debt contracts. An opportunity for an acquisition comes along that was not ex-ante contractible. The ...
متن کاملBank Capital Regulation and Structured Finance
We construct a model in which bank capital regulation and financial innovation interact. Innovation takes the form of pooling and tranching of assets and the creation of separate structures with different seniority, different risk, and different capital charges, a process that captures some stylized features of structured finance. Regulation is motivated by the divergence of private and social ...
متن کاملRating performance and agency incentives of structured finance transactions
The mismatch between credit ratings of structured finance transactions and their true risks has been a source of the Global Financial Crisis which manifested in criticism of models and techniques applied by credit rating agencies (CRA). This paper provides an empirical study which assesses the historical performance of credit ratings for structured finance transactions and finds that CRAs do no...
متن کاملCommodity High Performance Computing at Commodity Prices
The entry price of supercomputing has traditionally been very high. As processing elements, operating systems, and switch technology become cheap commodity parts, building a powerful supercomputer at a fraction of the price of a proprietary system becomes realistic. We have recently purchased, in support of both our local and national collaborations, a dedicated computational cluster of eight D...
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ژورنال
عنوان ژورنال: Applied Studies in Agribusiness and Commerce
سال: 2012
ISSN: 1789-7874,1789-221X
DOI: 10.19041/apstract/2012/5/13