ISBN: 9783844318241 - divergence of risk measures across different market conditions: the nature and dynamics of bond pricing in the european banking industry (5 risultati)

Taschenbuch. Condizione: Neu. Divergence of Risk Measures across Different Market Conditions | The nature and dynamics of bond pricing in the European Banking industry | Boriana Borissova | Taschenbuch | 56 S. | Englisch | 2011 | LAP LAMBERT Academic Publishing | EAN 9783844318241 | Verantwortliche Person für die EU: BoD - Books on Demand, In de Tarpen 42, 22848 Norderstedt, info[at]bod[dot]de | Anbieter: preigu.…

Taschenbuch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -In the following work we analyze the nature and dynamics of bond pricing in the European banking industry. In particular, we empirically investigate the relationship between the bond spread and the corresponding credit rating in light of different market conditions. Three important results emerge from our analysis. First, risk measures' divergence tends to be higher in relatively opaque markets where corruption, legal and accounting inefficiencies are present. Furthermore, the difference between the two indicators is proved to be affected by the quality of credit information available to market participants. Last but not least, such a divergence is likely to be higher in periods of market downturn and lower in periods of economic prosperity. These results have interesting implications for the interpretation of the explanatory power of risk sensitivity models in a market discipline context. 56 pp. Englisch.…

Taschenbuch. Condizione: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - In the following work we analyze the nature and dynamics of bond pricing in the European banking industry. In particular, we empirically investigate the relationship between the bond spread and the corresponding credit rating in light of different market conditions. Three important results emerge from our analysis. First, risk measures' divergence tends to be higher in relatively opaque markets where corruption, legal and accounting inefficiencies are present. Furthermore, the difference between the two indicators is proved to be affected by the quality of credit information available to market participants. Last but not least, such a divergence is likely to be higher in periods of market downturn and lower in periods of economic prosperity. These results have interesting implications for the interpretation of the explanatory power of risk sensitivity models in a market discipline context.…

Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Borissova BorianaBoriana has been analysing the dynamics of bond pricing in the European banking sector as part of her Master studies in Finance at Bocconi University, Milan. She spent part of her academic training in China and Ca. …

Taschenbuch. Condizione: Neu. This item is printed on demand - Print on Demand Titel. Neuware -In the following work we analyze the nature and dynamics of bond pricing in the European banking industry. In particular, we empirically investigate the relationship between the bond spread and the corresponding credit rating in light of different market conditions. Three important results emerge from our analysis. First, risk measures'' divergence tends to be higher in relatively opaque markets where corruption, legal and accounting inefficiencies are present. Furthermore, the difference between the two indicators is proved to be affected by the quality of credit information available to market participants. Last but not least, such a divergence is likely to be higher in periods of market downturn and lower in periods of economic prosperity. These results have interesting implications for the interpretation of the explanatory power of risk sensitivity models in a market discipline context.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 56 pp. Englisch.…