NII Today No.28.indd

NII Today E-No.30.indd

Reading 28.indd

JSM 08 Abstract Book 5-28.indd

BOOK Denver, Colorado August 3–7, 2008 JSM 2008

Are Interest Rate Swaps Used to Manage Banks’ Earnings?

Previous research has shown that loan loss provisions and security gains and losses are used to manage banks’ net income. However, these income components are reported below banks largest operating component, net interest income (NII). This study extends the literature by examining whether banks exploit the accounting permitted under past and current hedge accounting standards to manage NII by ...

Validated Numerics Meets Reachability Analysis for CPS Design (NII Shonan Meeting 2015-14)

Cyber-­Physical Systems (CPSs) consist of computers that are coupled tightly to a physical environment through sensors and actuators. Both the hybrid systems and the dynamics research communities have produced formal tools that are very important for rigorous design of CPSs, namely reachability analysis and validated numerics, respectively. Unfortunately, CPS designers encounter some challenges...