Does the Tail Wag the Dog? The Effect of Credit Default Swaps on Credit Risk

Credit default swaps (CDS) are derivative contracts that are widely used as tools for credit risk management. However, in recent years, concerns have been raised about whether CDS trading itself affects the credit risk of the reference entities. We use a unique, comprehensive sample covering CDS trading of 901 North American corporate issuers, between June 1997 and April 2009, to address this q…

Repossession and the Democratization of Credit

We exploit a 2004 credit reform in Brazil that simplified the sale of repossessed cars used as collateral for auto loans. We show that the change has led to larger loans with lower spreads and longer maturities. The reform expanded credit to riskier, low-income borrowers for newer, more expensive cars. Although the credit reform improved riskier borrowers' access to credit, it also led to incre…

Peran Governansi Syariah dalam Menurunkan Risiko Kredit: Studi Bank Syariah d…

Penelitian ini membahas tentang hubungan governansi syariah dan tingkat risiko kredit di bank syariah. Unsur governansi yang digunakan adalah jumlah anggota dewan direksi dan dewan komisaris, proporsi komisaris independen, tingkat kepemilikan manajer, tingkat kepemilikan saham institusi, jumlah komite audit, jumlah dewan pengawas syariah, dan kompetensi dari anggota dewan pengawas syariah serta…

Kredit sindikasi proses pembentukan dan aspek hukum

Ada bibliografi dan indeks

The Crash of 2008 and what it means : the new paradigm for financial markets

Includes index

Evaluasi Proses Pelaporan Surat Pemberitahuan Tahunan Badan pada PT KSJ oleh …

Laporan magang ini mengevaluasi proses pelaporan surat pemberitahuan (SPT) tahunan badan yang dilakukan oleh KAP IRA. Proses pelaporan SPT ini dimulai dari persiapan pengumpulan data dan informasi yang dibutuhkan, melakukan perhitungan pajak yang diperlukan, hingga pelaporan SPT tahunan. Evaluasi pelaporan SPT yang dilakukan dengan membandingkan berdasarkan peraturan perpajakan yang berlaku di …

Credit derivatives and credit linked notes 2nd ed

Includes bibliographies and index

A History of interest rates 4th ed

Includes bibliographical and tables

Monetary Policy Transmission and Credit Cards: Evidence from Indonesia

This paper empirically tests the dynamics of credit cards and monetary policy in the context of Indonesia. Using monthly data from 2006 to 2018 and a structural vector autoregressive model, our findings indicate that credit card usage is mainly driven by Indonesia’s fast economic growth over the last decade, which indeed reflects the role of credit cards in consumption smoothing. The study al…

Macroprudential Stress-Testing the Indonesian Banking System Using the Credit…

This study implements a macroprudential stress test and develops the Economic Risk Weighted-Capital Adequacy Ratio (ERW-CAR) to evaluate the resilience of the Indonesian banking sector. The results show that the historical and one-year ahead predicted ERW-CARs are currently three percent lower than the Indonesia regulatory CAR, and continue to decrease by nearly two percent following an exchang…

Income Expectations, Credit to Households, and Property Prices: Evidence from…

We investigate the long-term cointegration relation between residential property prices, household credit expansion, and household income expectations and identify the channels through which income expectation impacts residential property prices in the short term for Indonesia and Brazil. We find that improved income expectations raise the demand for credit, impacting residential property price…

Impact of Remittances on Private Sector Credit in the Pacific Island Countries

We examine the effect of remittances on private sector credit in the Pacific Island countries (PICs) using the data from 58 developing countries from 2004 to 2016. The analysis provides strong evidence that the effect of remittance inflows on private sector credit for PICs is positive and higher than that for other developing countries. In addition, the per capita gross domestic product, offici…

Implementing credit derivatives

Includes index

Determinant of microcredit repayment

This paper investigate the determinants of microcredit repayment by employing the logistic regression on micro-business households in Pati, Central Java. The result of this study reveals that loan repayment affected significantly by the business lines, food consumption spending, side job, other loan sources, collateral, and credit constrained. Interestingly, the result concludes that the loan r…

Credit risk management : a guide to sound business decisions

Includes bibliographies and index

Framework for credit risk management

Includes index.

Asean Credit Growth and Asset Price Response to Global Financial Cycle

An upsurge and volatility of capital flows to Emerging Asian Economies indicated that there is the potential effect of global financial cycle to emerging market. It provides an overview of investor risk aversion in short term investment after financial crisis 2008. Global financial cycle could have a significant impact not only to credit growth but also asset prices, including equity prices and…

Risk-Sharing or Risk-Taking? Counterparty Risk, Incentives, and Margins

Edisi

Vol. 71, Number 4, Aug. 2016

ISBN/ISSN

00221082

Deskripsi Fisik

p. 1669-1698

Judul Seri

-

No. Panggil

The Journal of Finance

Risk management and capital adequacy

Includes bibliographies, index and tables

Exodus from Sovereign Risk: Global Asset and Information Networks in the Pric…

Using five-year credit default swap (CDS) spreads on 2,364 companies in 54 countries from 2004 to 2011, we find that firms exposed to stronger property rights through their foreign asset positions (institutional channel) and firms cross-listed on exchanges with stricter disclosure requirements (informational channel) reduce their CDS spreads by 40 bps for a one-standard-deviation increase in th…