The practice of multinational banking: macro-policy issues and key international concepts
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Westport, Conn. <<[u.a.]>>
Quorum Books
1996
|
| Ausgabe: | 2. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XII, 303 S. graph. Darst. |
| ISBN: | 0899309712 |
Internformat
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Datensatz im Suchindex
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|---|---|
| adam_text | Contents
Figures and Table xi
Preface xiii
1 Development and Role of Multinational Banking 1
U.S. Banking and National Development: To 1920 4
The Internationalization of U.S. Banking 5
Entering the World Economy: 1920-1945 7
An Era of Reconstruction: 1945-1960 8
The International Banking Boom: 1960-1973 11
The Financial Bubble Bursts: 1973-1980 13
The Traumatic 1980s—Lessons for the Future 14
International Banking Today 16
Summary and Conclusion 17
2 Forms of International Banking 21
Choosing a Foreign Banking Presence 21
Edge Act and Agreement Corporations 27
3 Regulation of International Banking 39
Underlying Principles 39
Key Legislation 42
ViN Contents
The Basle Accord of 1988 51
Capital-Based Categorization of Financial Institutions 58
Regulatory Agencies 60
Postscript 64
Appendix: The Basle Committee Capital Standards 64
4 World Financial Markets and
International Banking Centers 67
World Financial Markets 67
International Banking Centers 85
5 Foreign Exchange Management 99
Background 100
How the Currency Markets Operate 101
Hedging in the Foreign Exchange Markets 108
Summary and Conclusion 111
6 Standard Derivatives: Swaps and Options 113
The Swap Market 113
Swap Instruments 120
The Options Market 125
Option Instruments 129
Synthetic Derivatives 139
7 Financial Engineering and Risk Management 145
Arbitrage Strategies 146
Hedging Exposure with Standard Derivatives 148
Hedging with Customized Derivatives 154
Hedging with Options-Based Instruments 164
Riskiness of Derivatives and
Regulation of Derivatives Markets 167
Financial Risk Management with Derivatives 170
Outlook for the Future of Derivatives 170
8 Country Risk Management 175
Defining Country Risk 175
The Evolution of Country Risk Assessment 178
Contents ix
Assessing Country Risk 180
Carrying Out Country Risk Assessments 185
Appraising Country Risk 188
Sources of Information 190
The Outlook for Country Risk Assessment 192
Summary and Conclusion 193
9 Multinational Banking Services 195
Financing Instruments 195
Key Documents in Trade Financing 201
Investment Banking 203
Summary and Conclusion 205
10 Asset and Liability Management 207
The International Banking Environment 208
Assessing a Bank s Assets and Liabilities 213
The Tools of Asset and Liability Management 217
Summary and Conclusion 223
11 International Syndicated Loans 225
The Evolution of the Syndicated Loan Market 226
The Syndication Process 231
Future Prospects 241
12 International Institutions in Multinational Banking 245
Export-Import Bank of the United States 245
Foreign Credit Insurance Association 251
Private Export Funding Corporation 251
Overseas Private Investment Corporation 252
The World Bank Group 254
International Monetary Fund 260
Inter-American Development Bank 263
Asian Development Bank 266
African Development Bank 268
European Investment Bank 269
Bank for International Settlements 271
* Contents
13 A Look at the Future 277
Recapitulation of Multinational Banking until the 1990s 277
The Future of Multinational Banking 286
Survival Strategies 290
Index 297
Figures and Table
FIGURES
2.1 Presence of Foreign Banks in the United States 24
3.1 The Top 1,000 Banks in 1994:
Where Do They Come From? 54
3.2 World s Top Twenty-Five Banks in 1993, by Soundness 54
3.3 World s Top Twenty-Five Banks in 1993, by Strength 55
3.4 World s Top Twenty-Five Banks in 1993, by Total Assets 56
4.1 Eurobonds by Currency Sector, January-June 1992-1994 76
6.1 Position of Forwards, Futures,
and Swaps on the Default Risk Spectrum 118
6.2 A Fixed-Fixed Rate Currency Swap 121
6.3 A Typical Currency Swap 124
6.4 A Typical Interest Rate Swap 126
6.5 Payoff Profiles of Call Options 130
6.6 Limits to the Value of a Call Option 131
6.7 Effect of Increase in Price of Asset 133
6.8 Effect of Increase in Strike Price 134
6.9 Effect of Increase in Volatility or Maturity 135
6.10 Payoff Profiles of Put Options 137
6.11 Limits to the Value of a Put Option 138
6.12 Synthetic Options 140
Xii Figures and Table
6.13 Synthetic Futures 141
7.1 Futures Prices over Time with
Constant Future Expectations 150
7.2 Cross-Hedging with Related Futures 151
7.3 Straddle Strategies 153
7.4 Strangle Strategies 153
7.5 A Long Butterfly Strategy 154
7.6 Payoff Profile of a Long Swaption 156
7.7 Buying a Yield Curve Swap 159
7.8 Per-Period Payoff Profile of a Long Collar 165
7.9 Caps and Floors 166
12.1 Foreign Competitors in Export Credits 247
TABLE
3.1 The Basle Ratios Implementation by National Authorities 52
|
| adam_txt |
Contents
Figures and Table xi
Preface xiii
1 Development and Role of Multinational Banking 1
U.S. Banking and National Development: To 1920 4
The Internationalization of U.S. Banking 5
Entering the World Economy: 1920-1945 7
An Era of Reconstruction: 1945-1960 8
The International Banking Boom: 1960-1973 11
The Financial Bubble Bursts: 1973-1980 13
The Traumatic 1980s—Lessons for the Future 14
International Banking Today 16
Summary and Conclusion 17
2 Forms of International Banking 21
Choosing a Foreign Banking Presence 21
Edge Act and Agreement Corporations 27
3 Regulation of International Banking 39
Underlying Principles 39
Key Legislation 42
ViN Contents
The Basle Accord of 1988 51
Capital-Based Categorization of Financial Institutions 58
Regulatory Agencies 60
Postscript 64
Appendix: The Basle Committee Capital Standards 64
4 World Financial Markets and
International Banking Centers 67
World Financial Markets 67
International Banking Centers 85
5 Foreign Exchange Management 99
Background 100
How the Currency Markets Operate 101
Hedging in the Foreign Exchange Markets 108
Summary and Conclusion 111
6 Standard Derivatives: Swaps and Options 113
The Swap Market 113
Swap Instruments 120
The Options Market 125
Option Instruments 129
Synthetic Derivatives 139
7 Financial Engineering and Risk Management 145
Arbitrage Strategies 146
Hedging Exposure with Standard Derivatives 148
Hedging with Customized Derivatives 154
Hedging with Options-Based Instruments 164
Riskiness of Derivatives and
Regulation of Derivatives Markets 167
Financial Risk Management with Derivatives 170
Outlook for the Future of Derivatives 170
8 Country Risk Management 175
Defining Country Risk 175
The Evolution of Country Risk Assessment 178
Contents ix
Assessing Country Risk 180
Carrying Out Country Risk Assessments 185
Appraising Country Risk 188
Sources of Information 190
The Outlook for Country Risk Assessment 192
Summary and Conclusion 193
9 Multinational Banking Services 195
Financing Instruments 195
Key Documents in Trade Financing 201
Investment Banking 203
Summary and Conclusion 205
10 Asset and Liability Management 207
The International Banking Environment 208
Assessing a Bank's Assets and Liabilities 213
The Tools of Asset and Liability Management 217
Summary and Conclusion 223
11 International Syndicated Loans 225
The Evolution of the Syndicated Loan Market 226
The Syndication Process 231
Future Prospects 241
12 International Institutions in Multinational Banking 245
Export-Import Bank of the United States 245
Foreign Credit Insurance Association 251
Private Export Funding Corporation 251
Overseas Private Investment Corporation 252
The World Bank Group 254
International Monetary Fund 260
Inter-American Development Bank 263
Asian Development Bank 266
African Development Bank 268
European Investment Bank 269
Bank for International Settlements 271
* Contents
13 A Look at the Future 277
Recapitulation of Multinational Banking until the 1990s 277
The Future of Multinational Banking 286
Survival Strategies 290
Index 297
Figures and Table
FIGURES
2.1 Presence of Foreign Banks in the United States 24
3.1 The Top 1,000 Banks in 1994:
Where Do They Come From? 54
3.2 World's Top Twenty-Five Banks in 1993, by Soundness 54
3.3 World's Top Twenty-Five Banks in 1993, by Strength 55
3.4 World's Top Twenty-Five Banks in 1993, by Total Assets 56
4.1 Eurobonds by Currency Sector, January-June 1992-1994 76
6.1 Position of Forwards, Futures,
and Swaps on the Default Risk Spectrum 118
6.2 A Fixed-Fixed Rate Currency Swap 121
6.3 A Typical Currency Swap 124
6.4 A Typical Interest Rate Swap 126
6.5 Payoff Profiles of Call Options 130
6.6 Limits to the Value of a Call Option 131
6.7 Effect of Increase in Price of Asset 133
6.8 Effect of Increase in Strike Price 134
6.9 Effect of Increase in Volatility or Maturity 135
6.10 Payoff Profiles of Put Options 137
6.11 Limits to the Value of a Put Option 138
6.12 Synthetic Options 140
Xii Figures and Table
6.13 Synthetic Futures 141
7.1 Futures Prices over Time with
Constant Future Expectations 150
7.2 Cross-Hedging with Related Futures 151
7.3 Straddle Strategies 153
7.4 Strangle Strategies 153
7.5 A Long Butterfly Strategy 154
7.6 Payoff Profile of a Long Swaption 156
7.7 Buying a Yield Curve Swap 159
7.8 Per-Period Payoff Profile of a Long Collar 165
7.9 Caps and Floors 166
12.1 Foreign Competitors in Export Credits 247
TABLE
3.1 The Basle Ratios Implementation by National Authorities 52 |
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| title | The practice of multinational banking macro-policy issues and key international concepts |
| title_auth | The practice of multinational banking macro-policy issues and key international concepts |
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| title_full | The practice of multinational banking macro-policy issues and key international concepts Dara Khambata |
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| title_full_unstemmed | The practice of multinational banking macro-policy issues and key international concepts Dara Khambata |
| title_short | The practice of multinational banking |
| title_sort | the practice of multinational banking macro policy issues and key international concepts |
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