Research solutions to the financial problems of depository institutions:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Westport, Conn. u.a.
Quorum Books
1992
|
| Ausgabe: | 1. publ. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XII, 156 S. |
| ISBN: | 0899307051 |
Internformat
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
Illustrations ix
Preface xi
1. Introduction to the Balance Sheet Problems of Depository
Institutions 1
Appendix 1A: An Empirical Analysis of Thrift Futures
Market Activity 8
2. An Innovative Solution to the Deposit Insurance Crisis:
FIDOE 23
Appendix 2A: Estimating the Risk and Return Attributes
of American Puts 32
3. Analysis of the Default Risk of Assets Held by Depository
Institutions 41
4. Analysis of the Interest Rate Risk of Complex Assets Held
by Depository Institutions 55
5. Hedging Depository Institution Balance Sheet Risk 79
Appendix 5A: The Valuation of Interest Rate Swaps 87
Appendix 5B: Econometrically Valid CAPM Tests 95
Appendix 5C: An Empirical Test of a Disequilibrium
Model of Futures Prices 103
Appendix 5D: The Relative Costs of Alternative Cash
Reserve Policies 113
6. An Analysis of the Capacity of Depository Institutions to
Raise Equity Capital 117
vi Contents
7. Conclusion 747
Additional Readings 75/
Index yjj
Illustrations
FIGURE
6.1 Procedure for Estimating the Value of Assets 124
TABLES
A 1.1 Number of Thrifts Using the Futures and Option
Market 13
A 1.2 Comparison of Thrift Futures and Option
Participants with Nonparticipants 14
A 1.3 Thrift Continuity of Usage 14
A 1.4 Comparison of Thrifts Interrupting Futures and
Option Activity With Other Futures and Option
Users 15
A 1.5 Aggregate Thrift Futures and Option Trading
Losses 16
A 1.6 Comparison of Different Types of Hedgers 19
A 2.1 Empirical Differences Between Model Values
and Market Prices 36
A 2.2 A Comparison Between Model Estimates of Put
Characteristics 37
3.1 Annual Default Rates 42
3.2 Quarterly Foreclosure Rates (Annualized) 44
3.3 Foreclosure Rates by Loan to Value Ratios 45
3.4 Loan Delinquencies 46
3.5 Quarterly Time Series of Loan Delinquencies 47
3.6 Provision for Losses 48
3.7 Unlevered, Residual Return Standard Deviations 49
x Illustrations
3.8 Capital Required for Various Loan Types
Assuming Congruity Between Historical and
Future Performance 51
3.9 Implications for Risk Based Capital 52
4.1 Projected Percentage Gain or Loss in Value on
Various Financial Instruments Under Different
Interest Rate Scenarios 71
A 5.1 Swap Illustrations 91
C 5.1 Comparative Performance of Different Trading
Strategies 109
C 5.2 Trading Strategy Performance Evaluation 110
C 5.3 Trading Strategy Performance for an Agricultural
Contract 111
6.1 The Relative Levels of Thrift Stock Prices 130
6.2 Characteristics of Converting Thrifts 132
6.3 Thrift Stock Returns Around Secondary Offering
Dates 135
6.4 Decomposition of the Costs of Thrift Secondary
Offerings 136
6.5 Financial Analysis of Thrifts at the End of 1988 139
|
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| spelling | Murphy, J. A. Verfasser aut Research solutions to the financial problems of depository institutions J. Austin Murphy 1. publ. Westport, Conn. u.a. Quorum Books 1992 XII, 156 S. txt rdacontent n rdamedia nc rdacarrier Federal Deposit Insurance Corporation Federal Savings and Loan Insurance Corporation United States. Federal Home Loan Bank Board Financiële instellingen gtt Financiële politiek gtt Spaarbankwezen gtt Bank Politik Banks and banking Government policy United States Deposit insurance United States Savings and Loan Bailout, 1989-1995 Savings and loan associations Government policy United States Kreditwesen (DE-588)4032950-1 gnd rswk-swf USA USA (DE-588)4078704-7 gnd rswk-swf Kreditwesen (DE-588)4032950-1 s USA (DE-588)4078704-7 g DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=004415356&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Murphy, J. A. Research solutions to the financial problems of depository institutions Federal Deposit Insurance Corporation Federal Savings and Loan Insurance Corporation United States. Federal Home Loan Bank Board Financiële instellingen gtt Financiële politiek gtt Spaarbankwezen gtt Bank Politik Banks and banking Government policy United States Deposit insurance United States Savings and Loan Bailout, 1989-1995 Savings and loan associations Government policy United States Kreditwesen (DE-588)4032950-1 gnd |
| subject_GND | (DE-588)4032950-1 (DE-588)4078704-7 |
| title | Research solutions to the financial problems of depository institutions |
| title_auth | Research solutions to the financial problems of depository institutions |
| title_exact_search | Research solutions to the financial problems of depository institutions |
| title_full | Research solutions to the financial problems of depository institutions J. Austin Murphy |
| title_fullStr | Research solutions to the financial problems of depository institutions J. Austin Murphy |
| title_full_unstemmed | Research solutions to the financial problems of depository institutions J. Austin Murphy |
| title_short | Research solutions to the financial problems of depository institutions |
| title_sort | research solutions to the financial problems of depository institutions |
| topic | Federal Deposit Insurance Corporation Federal Savings and Loan Insurance Corporation United States. Federal Home Loan Bank Board Financiële instellingen gtt Financiële politiek gtt Spaarbankwezen gtt Bank Politik Banks and banking Government policy United States Deposit insurance United States Savings and Loan Bailout, 1989-1995 Savings and loan associations Government policy United States Kreditwesen (DE-588)4032950-1 gnd |
| topic_facet | Federal Deposit Insurance Corporation Federal Savings and Loan Insurance Corporation United States. Federal Home Loan Bank Board Financiële instellingen Financiële politiek Spaarbankwezen Bank Politik Banks and banking Government policy United States Deposit insurance United States Savings and Loan Bailout, 1989-1995 Savings and loan associations Government policy United States Kreditwesen USA |
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