izpis_h1_title_alt

Risk and liquidity in a system context
Shin, Hyun Song (Author)

URLURL - Presentation file, Visit http://www.bis.org/publ/work212.pdf New window

Abstract
This paper explores the pricing of debt in a financial system where the assets that borrowers hold to meet their obligations include claims against other borrowers. Assessing financial claims in a system context captures features that are missing in a partial equilibrium setting. It is possible for spreads to fall as debts rise, as debt-fuelled increases in asset prices and stronger balance sheets reinforce each other. Conversely, it is possible that de-leveraging leads to increases in spreads, as is often observed during crises.

Language:English
Keywords:finančni sistemi, krediti, sredstva, likvidnost, tveganje, obvladovanje tveganj, financial systems, credit, assets, liquidity, risk, risk management
Work type:Not categorized (r6)
Organization:EF - Faculty of Economics
Year:2006
Publisher:Bank for International Settlements
Number of pages:VII, 43 str.
Place:Basel (Switzerland)
UDC:336.71
COBISS.SI-ID:17679334 Link is opened in a new window
Views:445
Downloads:154
Metadata:XML RDF-CHPDL DC-XML DC-RDF
 
Average score:(0 votes)
Your score:Voting is allowed only to logged in users.
:
Share: Bookmark and Share

Similar documents

Similar works from RUL:
Similar works from other Slovenian collections:

Comments

Leave comment

You have to log in to leave a comment.

Comments (0)
0 - 0 / 0
 
There are no comments!

Back