International bank management:
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
Malden, MA
Blackwell Publ.
2004
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Table of contents Inhaltsverzeichnis |
| Item Description: | Includes bibliographical references and index |
| Physical Description: | XIV, 395 S. |
| ISBN: | 1405111283 |
Staff View
MARC
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| 100 | 1 | |a Mehta, Dileep R. |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a International bank management |c Dileep Mehta and Hung-Gay Fung |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a Malden, MA |b Blackwell Publ. |c 2004 | |
| 300 | |a XIV, 395 S. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 500 | |a Includes bibliographical references and index | ||
| 650 | 7 | |a Bankwezen |2 gtt | |
| 650 | 7 | |a Internationalisatie |2 gtt | |
| 650 | 7 | |a Management |2 gtt | |
| 650 | 4 | |a Globalisierung | |
| 650 | 4 | |a Banks and banking, International |x Management | |
| 650 | 4 | |a Bank management | |
| 650 | 0 | 7 | |a Management |0 (DE-588)4037278-9 |2 gnd |9 rswk-swf |
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| 700 | 1 | |a Fung, Hung-gay |e Sonstige |0 (DE-588)170944352 |4 oth | |
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Record in the Search Index
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| adam_text | Contents
List of Figures ix
List of Tables x
Preface xiii
Part I Overview 1
1 Basic Premises 3
1.1 Introduction 3
1.2 Risk Return Tradeoffs 4
1.3 Why Financial Institutions Are Necessary 7
1.4 Competitive Markets and Impediments 8
1.5 Market Hierarchies 10
1.6 Uniqueness of a Bank 10
1.7 Risk Dimensions of the Banking Business 12
1.8 Conclusion 14
Part II Foundation 17
2 Globalization of Commercial Banking 19
2.1 Historical Background 19
2.2 Structure of an International Banking Organization 23
2.3 International Banking Activities 28
2.4 Globalization of Financial Markets 29
2.5 Conclusion 33
Appendix A: Foreign Exchange Rate Systems 34
Appendix B: European Union 37
Appendix C: Balance of Payment 40
vi CONTENTS
Appendix D: US Regulation for Foreign Banks 41
Appendix E: Deregulation, Globalization and Japanese Banking 42
3 Foreign Exchange Market Participation 47
3.1 Introduction 47
3.2 Institutional Background 48
3.3 Mechanics of Currency Quotes and Trading 49
3.4 Locational Arbitrage 56
3.5 Theories of the Foreign Exchange Market 59
3.6 Motivations of Participants in the Foreign Exchange Market 69
3.7 Risk Return Tradeoffs in Foreign Exchange Transactions 76
3.8 Conclusion 76
4 Eurocurrency Market 80
4.1 Introduction 80
4.2 Development of the Eurocurrency Market 81
4.3 Eurocurrency Centers 87
4.4 Eurocurrency Interest Rates 88
4.5 Activities in the Eurocurrency Market 92
4.6 Eurocredits and Investments 97
4.7 Conclusion 106
5 Futures and Options in Currency and Interest Rate Markets 110
5.1 Introduction 110
5.2 Forward and Futures Contracts 111
5.3 Functions of Futures Contracts 114
5.4 Option Markets 124
5.5 Option on Futures/Forward Contracts 134
5.6 Conclusion 136
Appendix F: Derivation of the Futures Price Under Risk Neutrality 139
Appendix G: Derivation of the Optimal Hedge Ratio 141
Appendix H: Derivation of the Price Sensitivity Ratio 141
Part III Applications 143
6 Swaps and Other Derivative Instruments 145
6.1 Introduction 145
6.2 Swap Market 146
6.3 Other Derivative Instruments 162
6.4 Credit Derivatives 170
6.5 Conclusion 173
CONTENTS vii
7 International Credit Function for Private Business 176
7.1 Introduction 176
7.2 Cross border Trade Transaction and its Financing 177
7.3 Trade related Financing and Risk Insurance 182
7.4 Countertrade 187
7.5 Banking Services and Multinational Corporations 191
7.6 Special Financing Needs of Customers 192
7.7 Conclusion 199
Appendix I: Private Credit (Loan) Analysis 201
8 Sovereign Risk Analysis 206
8.1 Introduction 206
8.2 Traditional Country Risk Analysis 207
8.3 Portfolio Approach 212
8.4 Debt Crisis Management in the 1980s 214
8.5 The Debt Crisis of the 1980s 221
8.6 Recent Financial Crises since 1990 224
8.7 Conclusion 244
Appendix J: Chronology of the Asian Financial Crisis 246
9 Asset and Liability Management 249
9.1 Introduction 249
9.2 Interest Risk Measurement 250
9.3 Foreign Exchange and Gap Management 257
9.4 Convexity 259
9.5 Managing Interest Rate Risk 261
9.6 Conclusion 272
Appendix K: Hedging Rule for a Bank Facing a Parallel Shift in
Term Structure 275
Appendix L: Derivation of the Duration Immunization Rule for a
Bank Facing a Non Parallel Shift in Term Structure 276
Part IV: Trends and Future Directions 279
10 Capital Adequacy 281
10.1 Introduction 281
10.2 The Key Role of Capital 283
10.3 Development of Capital based Regulation: Background 284
10.4 Development of Capital Requirement in the USA 285
10.5 Modifications in the Basel Standards 297
10.6 Conclusion 301
Viii CONTENTS
11 Toward Investment Banking Activities 305
11.1 Introduction 305
11.2 Historical Background 306
11.3 Major Investment Banking Activities 310
11.4 Scope of Activities by Commercial and Investment Banks 316
11.5 Mergers of Commercial and Investment Banks 322
11.6 Capital Adequacy Regulations for Investment Banks 328
11.7 Challenges and Opportunities 329
11.8 Conclusion 330
12 Bank Strategy 333
12.1 Introduction 333
12.2 Changes in External Environments: The International Dimension 334
12.3 Changes in External Environments: The Internet 340
12.4 Strategic Considerations: Activities and Resources 343
12.5 Conclusion 346
Appendix M: Cost Analysis for Internet Transactions 347
Glossary 350
References and Further Reading 367
Index 373
List of Figures
4.1 Rising term structure of spot and forward rates 90
4.2 Declining term structure of spot and forward rates 90
4.3 Computing the discount margin 100
5.1 Call option 125
5.2 Put option 125
6.1 Plain vanilla interest rate swap 148
List of Tables
1.1 Market hierarchy and related impediments 11
2.1 Foreign banks in the USA 25
C.I Illustration of a US balance of payment (in ) in 1994 42
E.I Ratio of bank debt to assets for Japanese firms 43
E.2 Ratio of deposit to GDP 44
E.3 ROA and adjusted ROA for Japanese banks 44
4.1 First round IBM deposits $1 million from US Bank to Eurobank X 85
4.2 Second round Eurobank X loans $1 million to another EurobankY 86
5.1 Results of the hedging activity 129
6.1 Notional value of swap transactions (US ) 147
6.2 Indication pricing for interest rate swaps 149
6.3 Interest rate scenarios before swap 150
6.4 Interest rate scenario after swap 150
6.5 Borrowing rates (%) for two firms in two currencies 151
7.1 Payoff scenarios for project finance 196
7.2 Typical risk of project finance 196
8.1 The bank claims on Russia by different countries 227
8.2 Currency value changes for different Asian countries 228
8.3 External financing for the Asian region 229
8.4 Regional annual growth rate of exports (%) 230
8.5 Current account surplus (deficit) in terms of GDP (%) 231
8.6 Real exchange rate (end of year data) 231
8.7 Ratio of short term foreign debt to reserves 232
8.8 Size of banking sector 232
8.9 Expansion of bank credit to private sector 233
8.10 Non performing loans (% of total loans) 234
8.11 Incremental capital output ratio (ICOR) 234
8.12 Land values of Grade A office space for Thailand and Indonesia 235
LIST OF TABLES xi
8.13 Central business district office vacancy rates 235
8.14 12 month percentage change of total loan for use in Hong
Kong for 1992 7 238
8.15 Non performing loans 238
8.16 Capital flows ofHong Kong (in HK ), 1993 5 238
10.1 Capital categories for the prompt corrective actions 287
10.2 Conversion factors for interest rate and currency contracts
for potential exposure 291
10.3 Proposed weights for calculating capital requirements 301
|
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| dewey-sort | 3332.1 15 268 221 |
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| physical | XIV, 395 S. |
| publishDate | 2004 |
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| publisher | Blackwell Publ. |
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| spelling | Mehta, Dileep R. Verfasser aut International bank management Dileep Mehta and Hung-Gay Fung 1. publ. Malden, MA Blackwell Publ. 2004 XIV, 395 S. txt rdacontent n rdamedia nc rdacarrier Includes bibliographical references and index Bankwezen gtt Internationalisatie gtt Management gtt Globalisierung Banks and banking, International Management Bank management Management (DE-588)4037278-9 gnd rswk-swf Internationale Bank (DE-588)4140009-4 gnd rswk-swf Internationale Bank (DE-588)4140009-4 s Management (DE-588)4037278-9 s DE-604 Fung, Hung-gay Sonstige (DE-588)170944352 oth http://www.loc.gov/catdir/toc/ecip041/2003006953.html Table of contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=010294260&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Mehta, Dileep R. International bank management Bankwezen gtt Internationalisatie gtt Management gtt Globalisierung Banks and banking, International Management Bank management Management (DE-588)4037278-9 gnd Internationale Bank (DE-588)4140009-4 gnd |
| subject_GND | (DE-588)4037278-9 (DE-588)4140009-4 |
| title | International bank management |
| title_auth | International bank management |
| title_exact_search | International bank management |
| title_full | International bank management Dileep Mehta and Hung-Gay Fung |
| title_fullStr | International bank management Dileep Mehta and Hung-Gay Fung |
| title_full_unstemmed | International bank management Dileep Mehta and Hung-Gay Fung |
| title_short | International bank management |
| title_sort | international bank management |
| topic | Bankwezen gtt Internationalisatie gtt Management gtt Globalisierung Banks and banking, International Management Bank management Management (DE-588)4037278-9 gnd Internationale Bank (DE-588)4140009-4 gnd |
| topic_facet | Bankwezen Internationalisatie Management Globalisierung Banks and banking, International Management Bank management Internationale Bank |
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