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Analytical Issues Arising

E. Philip Davis

in Debt, Financial Fragility, and Systemic Risk

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198233312
eISBN:
9780191596124
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198233310.003.0011
Subject:
Economics and Finance, Financial Economics

This chapter provides a selective summary of recent work in a number of areas relating to debt, fragility, and instability. First, four issues relating to bank debt are probed, namely real estate ... More


A Review of General Asset Pricing Theory

Claus Munk

in Fixed Income Modelling

Published in print:
2011
Published Online:
September 2011
ISBN:
9780199575084
eISBN:
9780191728648
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199575084.003.0004
Subject:
Economics and Finance, Financial Economics

The pricing of fixed income securities follows the same general principles as the pricing of all other financial assets. This chapter explains some important general concepts and results in asset ... More


Using Markets More Effectively: Developing Country Access to Commodity Futures Markets

Inge Kaul and Pedro Conceiçāo

in The New Public Finance: Responding to Global Challenges

Published in print:
2006
Published Online:
October 2011
ISBN:
9780195179972
eISBN:
9780199850709
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195179972.003.0017
Subject:
Economics and Finance, International

This chapter outlines the role of futures markets in managing commodity price risk and examines the use of futures markets by industrial and developing countries. It describes the factors that ... More


Reforming the Basel Accord and the Use of Subordinated Debt: Making Markets Work for the Regulator

Kern Alexander, Rahul Dhumale, and John Eatwell

in Global Governance of Financial Systems: The International Regulation of Systemic Risk

Published in print:
2005
Published Online:
September 2007
ISBN:
9780195166989
eISBN:
9780199783861
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780195166989.003.0011
Subject:
Economics and Finance, Financial Economics

This chapter argues that the implementation of subordinated debt and of Basel II could be significant moves toward the goal of enhancing the effectiveness of market discipline. Both proposals would ... More


Energy Security and the Development of International Energy Markets

Andrei Konoplyanik

in Energy Security: Managing Risk in a Dynamic Legal and Regulatory Environment

Published in print:
2004
Published Online:
January 2010
ISBN:
9780199271610
eISBN:
9780191709289
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199271610.003.0003
Subject:
Law, Environmental and Energy Law

This chapter describes the evolution of the concept of energy security in a broader historical perspective, from the economic, financial, and legal points of view. It addresses energy security from ... More


House Price Volatility and the Housing Ladder

James Banks, Richard Blundell, Zoë Oldfield, James P. Smith, James Banks, Richard Blundell, Zoë Oldfield, and James P. Smith

in Insights in the Economics of Aging

Published in print:
2017
Published Online:
September 2017
ISBN:
9780226426679
eISBN:
9780226426709
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226426709.003.0004
Subject:
Economics and Finance, Public and Welfare

This paper investigates the effects of spatial housing price risk on housing choices over the first half of the life-cycle. Housing price risk can be substantial but, unlike other risky assets which ... More


Time-Varying Retail Electricity Prices: Theory and Practice

Severin Borenstein

in Electricity Deregulation: Choices and Challenges

Published in print:
2005
Published Online:
February 2013
ISBN:
9780226308562
eISBN:
9780226308586
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226308586.003.0009
Subject:
Economics and Finance, Econometrics

This chapter presents the theoretical argument in support of time-varying retail prices and explains the societal loss from using flat rate retail pricing. It discusses the variety of programs that ... More


Livestock

Xiaohu Deng

in Commodities: Markets, Performance, and Strategies

Published in print:
2018
Published Online:
March 2018
ISBN:
9780190656010
eISBN:
9780190656041
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780190656010.003.0010
Subject:
Economics and Finance, Financial Economics

The exponential population growth rate is increasingly straining the supply of food and resources. Meat is a key component in the diet of many global cultures. The increase in demand for meat has ... More


Real-Estate Derivatives Models

Radu S. Tunaru

in Real-Estate Derivatives: From Econometrics to Financial Engineering

Published in print:
2017
Published Online:
May 2017
ISBN:
9780198742920
eISBN:
9780191802874
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198742920.003.0007
Subject:
Economics and Finance, Econometrics, Financial Economics

This chapter describes some of the best models proposed in relation to realestate derivatives. They range from equilibrium models such as Geltner- Fisher and Cao-Wei to no-arbitrage models such as ... More


Finance as the Glue

Daniel J. Clarke and Stefan Dercon

in Dull Disasters?: How planning ahead will make a difference

Published in print:
2016
Published Online:
June 2016
ISBN:
9780198785576
eISBN:
9780191827440
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198785576.003.0005
Subject:
Economics and Finance, Development, Growth, and Environmental

Financial and budgetary instruments are the glue that holds credible plans together and makes them strong enough to withstand the whirlwind of highly charged post-disaster politics. When designing ... More


Lesson #1: The Role of Financing and Affordability in the Formation of Housing Prices

Andrew Davidson and Alexander Levin

in Mortgage Valuation Models: Embedded Options, Risk, and Uncertainty

Published in print:
2014
Published Online:
August 2014
ISBN:
9780199998166
eISBN:
9780199363698
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199998166.003.0017
Subject:
Economics and Finance, Financial Economics

The chapter studies historical housing affordability in the United States by inspecting three components of financing cost: (a) mortgage rate, (b) down-payment, and (c) credit risk under-pricing. It ... More


How to Price New Loans

Andrew Davidson and Alexander Levin

in Mortgage Valuation Models: Embedded Options, Risk, and Uncertainty

Published in print:
2014
Published Online:
August 2014
ISBN:
9780199998166
eISBN:
9780199363698
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199998166.003.0021
Subject:
Economics and Finance, Financial Economics

This chapter discusses valuation (setting rates and points) of new loans using information from the secondary market. It considers two implied valuation methods: risk-neutral pricing and virtual ... More


Myron S. Scholes

Roger W. Spencer and David A. Macpherson

in Lives of the Laureates: Twenty-three Nobel Economists

Published in print:
2014
Published Online:
May 2015
ISBN:
9780262027960
eISBN:
9780262325868
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262027960.003.0012
Subject:
Economics and Finance, Economic History

This chapter looks at the career of Myron S. Scholes who received the Nobel Prize in 1997. Born in 1941, Scholes went to McMaster University for his B.A. and completed his Ph.D. at the University of ... More


Does Private Governance Work in the Most Complex Markets?: Successful Risk Management on Wall Street Even in the Wake of the 2008 Economic Downturn

Edward Peter Stringham

in Private Governance: Creating Order in Economic and Social Life

Published in print:
2015
Published Online:
August 2015
ISBN:
9780199365166
eISBN:
9780199366132
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199365166.003.0011
Subject:
Economics and Finance, Public and Welfare

Many advanced financial instruments are created because even the best courts are imperfect. Even if lenders cannot recover money from insolvent borrowers, default becomes less of a problem when ... More


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