Financial risk management: Liquidity riskEric Cohen
With money liquidity, transaction liquidity, funding liquidity and their interactions, this article analyzes the innovation of the sub-prime mortgage crisis and its transformation into the financial crisis. The findings show that as in other historical financial crises the overall liquidity meltdown is ...
liquidity risk remains one of the most underestimated risks in risk management as it cannot be assessed with the usual quantitative concepts. In the field of open-ended real estate funds, for example, it has become a veritable fund-killer because such funds often had to carry out compulsory sa...
The performance of stocks during the crisis can be better explained by their historical liquidity betas (risk) than by their historical liquidity levels. Stocks with different historical liquidity levels did not experience different returns after controlling for liquidity risk. The authors' findings high...
Financial ratios can be used to assess a company's capital structure and current risk levels, often in terms of a company's debt level and risk of default or bankruptcy. Some of the financial ratios commonly used by investors and analysts to assess a company's financial risk leve...
In contrast, financial risk is the risk of a company that could not manage its finances and goes bankrupt because of liquidity risk, market risk, or inability to pay back its interests on time, which would probably trigger a fire sale. Business is another name, the risk. But all risks ...
trading book是银行用来记录可以用来交易的资产;而banking book中的资产都是打算长期持有到期。在trading book中的资产和负债要计算market risk capital;而banking book中的资产和负债要计算credit risk capital。 Liquidity Ratio 当出现金融危机的时候,相对于缺少资本保证金。流动性这个问题显得更为严重。比如一般来说为了...
• Liquidity risk: the inability to finance the credit given to customers. • Exchange rate risks 14.Political risk (两税,两稳定,汇款法德)两税:特殊税和关税,两稳定:政府和经济,汇款:汇款限制,法德:regulation和Ethic • Quotas配额/tariffs关税/barriers壁垒 imposed by the overseas government ...
( 2001 ), “ Liquidity risk, liquidity creation, and financial fragility: a theory of banking ”, Journal of Political Economy , ... H Shu,L Alan,M Alastair - 《Journal of Risk & Financial Management》 被引量: 6发表: 2011年 Banking Sector Fragility: Market Failure, Liquidity Crunch and...
The risk that an individual or firm will have difficulty selling an asset without incurring a loss. That is, there may be a lack of interest in the market for a particular asset, forcing the owner to sell it for less than its actual value. Liquidity risk may be quantified as the differe...