Research in Finance, Volume 18 / Edition 1

Research in Finance, Volume 18 / Edition 1

by Andrew H. Chen
     
 

ISBN-10: 076230717X

ISBN-13: 9780762307173

Pub. Date: 06/22/2001

Publisher: Emerald Group Publishing

This volume consists of original research articles examining timely issues in financial services, asset pricing, and hedging. The articles in the first part of the volume deal with methods for assessing the safety and soundness of banks, rationales for and economic consequences of bank mergers, valuation effects of lender environmental liability, option-theoretic…  See more details below

Overview

This volume consists of original research articles examining timely issues in financial services, asset pricing, and hedging. The articles in the first part of the volume deal with methods for assessing the safety and soundness of banks, rationales for and economic consequences of bank mergers, valuation effects of lender environmental liability, option-theoretic explanations of the closed-end mutual fund discount, and contingent-claims analysis of price-matching refunds. Articles in the second part of the volume study consumption smoothing and the equity premium puzzle, the yield spread of tax-deductible preferred stock, fitting a jump-diffusion model of currency futures options, duration effects on hedge ratios of currency futures, and dynamics between foreign exchange and stock markets in Southeast Asian economies.

Product Details

ISBN-13:
9780762307173
Publisher:
Emerald Group Publishing
Publication date:
06/22/2001
Series:
Research in Finance Series
Pages:
268
Product dimensions:
6.14(w) x 9.21(h) x 0.63(d)

Table of Contents

List of contributors. Improved methods of treating critical issues in regulating and supervising bank safety and soundness (P.A.V.B. Swamy, T.J. Lutton and P.F. Bartholomew). Economic consequences of financial services industry consolidation (P.A.V.B. Swamy, T.J. Lutton). Secured debt and lender environmental liability (P.A. McGraw, G.S. Roberts). A contingent-claim analysis of the closed-end mutual fund discount puzzle (A.H. Chen, L.J. Merville and C. Won). The "cost" of offering price-matching refund policies: a contingent-claims perspective (S.C. Mazumdar, J. Srivastava). The effect of time complementary on consumption smoothing and the equity premium (C.M. Ahn, I. Joon Kim). A comparison of taxable and tax-deductible preferred yields (A. Murphy). Information inherent in implicit distributions (A. Doffou, J.E. Hillard). Hedging currency risk using futures (V. Bhargava, R. Brooks). Long-run and short-run dynamics between foreign exchange and stock markets: evidence from Thailand and The Philippines (M. Rahman, M. Rahman and M. Mustafa).

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