Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 11 of 11 for “"Funding Costs"”.
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Numerical Solutions to PDE Representations of Derivatives with Bilateral Counterparty Risk and Funding Costs
… bilateral credit valuation adjustments and funding costs valuation adjustment as presented in Burgard and Kjaer (2011). In particular, we use Crank-Nicolson finite-difference scheme to solve Black-Scholes risk-free PDE, for European and American options, and show how this numerical solution …
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Betting on Commercial Real Estate: Competition in Deposit Markets
… to commercial real estate. Facing rising funding costs and higher beta deposits, these banks shift toward higher-yield and lower duration assets to preserve profit margins and duration match. We test this hypothesis using an exogenous increase in competition from credit unions following a …
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Essays in Banking and Default
… equilibria: in response to an increase in funding costs, banks may optimally choose to pursue risky portfolios that undermine their solvency prospects. In a bad equilibrium, bank lending is crowded out by risky asset purchases and weak economic fundamentals lead to a banking crisis. Policy …
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Rising technologies, investment and discount rates
… and its impact on investment's sensitivity to funding costs. I show that the rising share of intangibles in U.S firms' assets significantly dampens the stimulus effect of interest rate shocks. For a given surprise change to the fed funds rate, a one standard deviation above the mean in …
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Essays on stock market openness, cost of capital and investment
… to subsets of firms only, and that agency costs and weak levels of institutional development partially or fully impede gains from integration to be channeled to real investments. Motivated by this setup, this thesis contributes to the financial integration literature,in particular to the …
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Hedge Fund Essays
… characteristics. In particular, decreases in funding costs and increases in market values both forecast increases in hedge fund leverage. Decreases in fund return volatilities predict future increases in leverage. In the second essay, I investigate hedge fund compensation from an investor's …
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Three Essays in Bank Risk Management
… balance sheet health substantially by reducing funding costs and liquidity risk. In the U.S. the policy response to the financial crisis was the Dodd-Frank Act. The Dodd-Frank Act requires stress testing of U.S. banks with assets in excess of \$10 billion. Although banks below this asset …
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Essays in Financial Economics
… and its impact on the investment sensitivity to funding costs. We show that the rising share of intangibles in U.S firms’ assets significantly dampens the stimulus effect of interest rate shocks. For a given surprise change to the fed funds rate, a one standard deviation above the mean in …
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Essays on Green Finance
… on average, provide issuers with at-issue funding cost reductions. In subsequent analyses, we find that external reviews reduce at-issue costs for green issuers domiciled in common law countries, including the United States. Specifically, these issuers benefit from a 0.5 percentage point …
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A history of Virginia VIEW 1980-1995
… included an in-depth account of Virginia VIEW's funding, costs, products, specific services such as the Career Information Hotline and publications, workshops, information gathering, information dissemination, evaluation, comparison with other states, and project impact. Virginia VIEW's …
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Essays on bank capital and balance sheet adjustment in the UK and US, and implications for regulatory policy
… banks may have benefited from lower funding costs. Higher capital ratios also have positive short-run effects on lending rates which are sizeable during crisis times. These results imply that countercyclical variations in bank capital requirements, as envisaged by Basel III, need to …