ETFs and Systemic Risks
Author: Ayan Bhattacharya
Publisher:
Published: 2020
Total Pages:
ISBN-13: 9781944960919
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Exchange-Traded Funds and the New Dynamics of Investing
Author: Ananth N. Madhavan
Publisher: Oxford University Press
Published: 2016-06-28
Total Pages: 289
ISBN-13: 0190279419
DOWNLOAD EBOOKIn Exchange-Traded Funds and the New Dynamics of Investing, Ananth Madhavan examines the quiet transformation of asset management through the rise of passive or index investing. A closely-related phenomenon is the rise of exchange-traded funds (ETFs). An ETF is an investment vehicle that trades intraday and seeks to replicate the performance of a specific index. ETFs have grown substantially in size, diversity, and market significance in recent years. These trends have generated considerable interest, especially from retail and institutional investors and increasingly from academics, regulators and the press. ETFs have the power to be a disruptive innovation to today's asset management industry because many traditional active managers and hedge funds deliver a significant fraction of their active returns via static exposures to factors like value. Indeed, for the first time ever, assets in global ETFs exceeded $3 trillion in 2015, passing the amount in hedge funds.
The Risks of Financial Institutions
Author: Mark Carey
Publisher: University of Chicago Press
Published: 2007-11-01
Total Pages: 669
ISBN-13: 0226092984
DOWNLOAD EBOOKUntil about twenty years ago, the consensus view on the cause of financial-system distress was fairly simple: a run on one bank could easily turn to a panic involving runs on all banks, destroying some and disrupting the financial system. Since then, however, a series of events—such as emerging-market debt crises, bond-market meltdowns, and the Long-Term Capital Management episode—has forced a rethinking of the risks facing financial institutions and the tools available to measure and manage these risks. The Risks of Financial Institutions examines the various risks affecting financial institutions and explores a variety of methods to help institutions and regulators more accurately measure and forecast risk. The contributors--from academic institutions, regulatory organizations, and banking--bring a wide range of perspectives and experience to the issue. The result is a volume that points a way forward to greater financial stability and better risk management of financial institutions.
International Convergence of Capital Measurement and Capital Standards
Author:
Publisher: Lulu.com
Published: 2004
Total Pages: 294
ISBN-13: 9291316695
DOWNLOAD EBOOKManaging Climate Risk in the U.S. Financial System
Author: Leonardo Martinez-Diaz
Publisher: U.S. Commodity Futures Trading Commission
Published: 2020-09-09
Total Pages: 196
ISBN-13: 057874841X
DOWNLOAD EBOOKThis publication serves as a roadmap for exploring and managing climate risk in the U.S. financial system. It is the first major climate publication by a U.S. financial regulator. The central message is that U.S. financial regulators must recognize that climate change poses serious emerging risks to the U.S. financial system, and they should move urgently and decisively to measure, understand, and address these risks. Achieving this goal calls for strengthening regulators’ capabilities, expertise, and data and tools to better monitor, analyze, and quantify climate risks. It calls for working closely with the private sector to ensure that financial institutions and market participants do the same. And it calls for policy and regulatory choices that are flexible, open-ended, and adaptable to new information about climate change and its risks, based on close and iterative dialogue with the private sector. At the same time, the financial community should not simply be reactive—it should provide solutions. Regulators should recognize that the financial system can itself be a catalyst for investments that accelerate economic resilience and the transition to a net-zero emissions economy. Financial innovations, in the form of new financial products, services, and technologies, can help the U.S. economy better manage climate risk and help channel more capital into technologies essential for the transition. https://doi.org/10.5281/zenodo.5247742
Factor Investing and Asset Allocation: A Business Cycle Perspective
Author: Vasant Naik
Publisher: CFA Institute Research Foundation
Published: 2016-12-30
Total Pages: 192
ISBN-13: 1944960155
DOWNLOAD EBOOKManaging Credit Risk in Corporate Bond Portfolios
Author: Srichander Ramaswamy
Publisher: John Wiley & Sons
Published: 2004-03-29
Total Pages: 256
ISBN-13: 0471488321
DOWNLOAD EBOOKExpert guidance on managing credit risk in bond portfolios Managing Credit Risk in Corporate Bond Portfolios shows readers howto measure and manage the risks of a corporate bond portfolioagainst its benchmark. This comprehensive guide explores a widerange of topics surrounding credit risk and bond portfolios,including the similarities and differences between corporate andgovernment bond portfolios, yield curve risk, default and creditmigration risk, Monte Carlo simulation techniques, and portfolioselection methods. Srichander Ramaswamy, PhD (Basel, Switzerland), is Head ofInvestment Analysis at the Bank for International Settlements (BIS)in Basel, Switzerland, and Adjunct Professor of Banking andFinance, University of Lausanne.
Advances in Financial Economics
Author: Kose John
Publisher: Emerald Group Publishing
Published: 2013-12-18
Total Pages: 269
ISBN-13: 1783501219
DOWNLOAD EBOOKAdvances in Financial Economics Vol. 16 contains a set of empirical papers by a set of global scholars who examine corporate governance and market regulation from a variety of perspectives.
Quantifying Systemic Risk
Author: Joseph G. Haubrich
Publisher: University of Chicago Press
Published: 2013-01-24
Total Pages: 286
ISBN-13: 0226319288
DOWNLOAD EBOOKIn the aftermath of the recent financial crisis, the federal government has pursued significant regulatory reforms, including proposals to measure and monitor systemic risk. However, there is much debate about how this might be accomplished quantitatively and objectively—or whether this is even possible. A key issue is determining the appropriate trade-offs between risk and reward from a policy and social welfare perspective given the potential negative impact of crises. One of the first books to address the challenges of measuring statistical risk from a system-wide persepective, Quantifying Systemic Risk looks at the means of measuring systemic risk and explores alternative approaches. Among the topics discussed are the challenges of tying regulations to specific quantitative measures, the effects of learning and adaptation on the evolution of the market, and the distinction between the shocks that start a crisis and the mechanisms that enable it to grow.
Financial Stability Monitoring
Author: Tobias Adrian
Publisher:
Published: 2020
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKIn a recently released New York Fed staff report, we present a forward-looking monitoring program to identify and track time-varying sources of systemic risk.
