Divergence of Risk Measures across Different Market Conditions | The nature and dynamics of bond pricing in the European Banking industry
Boriana Borissova
ISBN 10: 3844318240 ISBN 13: 9783844318241
Published by LAP LAMBERT Academic Publishing, 2011
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Divergence of Risk Measures across Different Market Conditions | The nature and dynamics of bond pricing in the European Banking industry | Boriana Borissova | Taschenbuch | 56 S. | Englisch | 2011 | LAP LAMBERT Academic Publishing | EAN 9783844318241 | Verantwortliche Person für die EU: BoD - Books on Demand, In de Tarpen 42, 22848 Norderstedt, info[at]bod[dot]de | Anbieter: preigu. Seller Inventory # 107065246
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In the following work we analyze the nature and dynamics of bond pricing in the European banking industry. In particular, we empirically investigate the relationship between the bond spread and the corresponding credit rating in light of different market conditions. Three important results emerge from our analysis. First, risk measures' divergence tends to be higher in relatively opaque markets where corruption, legal and accounting inefficiencies are present. Furthermore, the difference between the two indicators is proved to be affected by the quality of credit information available to market participants. Last but not least, such a divergence is likely to be higher in periods of market downturn and lower in periods of economic prosperity. These results have interesting implications for the interpretation of the explanatory power of risk sensitivity models in a market discipline context.
About the Author: Boriana has been analysing the dynamics of bond pricing in the European banking sector as part of her Master studies in Finance at Bocconi University, Milan. She spent part of her academic training in China and Canada, moving to London after graduation. Boriana is currently working in the investment management industry.
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Title: Divergence of Risk Measures across Different...
Publisher: LAP LAMBERT Academic Publishing
Publication Date: 2011
Binding: Taschenbuch
Condition: Neu
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Divergence of Risk Measures across Different Market Conditions
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ISBN 10: 3844318240
ISBN 13: 9783844318241
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Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Autor/Autorin: Borissova BorianaBoriana has been analysing the dynamics of bond pricing in the European banking sector as part of her Master studies in Finance at Bocconi University, Milan. She spent part of her academic training in China and Ca. Seller Inventory # 5472277
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Divergence of Risk Measures across Different Market Conditions
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ISBN 10: 3844318240
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Taschenbuch. Condition: Neu. Neuware -In the following work we analyze the nature and dynamics of bond pricing in the European banking industry. In particular, we empirically investigate the relationship between the bond spread and the corresponding credit rating in light of different market conditions. Three important results emerge from our analysis. First, risk measures'' divergence tends to be higher in relatively opaque markets where corruption, legal and accounting inefficiencies are present. Furthermore, the difference between the two indicators is proved to be affected by the quality of credit information available to market participants. Last but not least, such a divergence is likely to be higher in periods of market downturn and lower in periods of economic prosperity. These results have interesting implications for the interpretation of the explanatory power of risk sensitivity models in a market discipline context.Books on Demand GmbH, Überseering 33, 22297 Hamburg 56 pp. Englisch. Seller Inventory # 9783844318241
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Divergence of Risk Measures across Different Market Conditions
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ISBN 10: 3844318240
ISBN 13: 9783844318241
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Taschenbuch. Condition: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -In the following work we analyze the nature and dynamics of bond pricing in the European banking industry. In particular, we empirically investigate the relationship between the bond spread and the corresponding credit rating in light of different market conditions. Three important results emerge from our analysis. First, risk measures' divergence tends to be higher in relatively opaque markets where corruption, legal and accounting inefficiencies are present. Furthermore, the difference between the two indicators is proved to be affected by the quality of credit information available to market participants. Last but not least, such a divergence is likely to be higher in periods of market downturn and lower in periods of economic prosperity. These results have interesting implications for the interpretation of the explanatory power of risk sensitivity models in a market discipline context. 56 pp. Englisch. Seller Inventory # 9783844318241
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Divergence of Risk Measures across Different Market Conditions : The nature and dynamics of bond pricing in the European Banking industry
Published by
LAP LAMBERT Academic Publishing, 2011
ISBN 10: 3844318240
ISBN 13: 9783844318241
New
Taschenbuch
Seller: AHA-BUCH GmbH, Einbeck, Germany
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Taschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - In the following work we analyze the nature and dynamics of bond pricing in the European banking industry. In particular, we empirically investigate the relationship between the bond spread and the corresponding credit rating in light of different market conditions. Three important results emerge from our analysis. First, risk measures' divergence tends to be higher in relatively opaque markets where corruption, legal and accounting inefficiencies are present. Furthermore, the difference between the two indicators is proved to be affected by the quality of credit information available to market participants. Last but not least, such a divergence is likely to be higher in periods of market downturn and lower in periods of economic prosperity. These results have interesting implications for the interpretation of the explanatory power of risk sensitivity models in a market discipline context. Seller Inventory # 9783844318241