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Author : David S. Holland
Release : 1987
Genre : Banks and banking
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis An Examination of the Off-balance Sheet Activities of U.S. Banks by : David S. Holland
Download or read book An Examination of the Off-balance Sheet Activities of U.S. Banks written by David S. Holland. This book was released on 1987. Available in PDF, EPUB and Kindle. Book excerpt:
Author : David S. Holland
Release : 1988
Genre : Asset-liability management
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis An Examination of the Off-balance Sheet Activities of U.S. Banks by : David S. Holland
Download or read book An Examination of the Off-balance Sheet Activities of U.S. Banks written by David S. Holland. This book was released on 1988. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Joshua Ronen
Release : 1990-11-30
Genre : Business & Economics
Kind : eBook
Book Rating : 683/5 ( reviews)
Book Synopsis Off-Balance Sheet Activities by : Joshua Ronen
Download or read book Off-Balance Sheet Activities written by Joshua Ronen. This book was released on 1990-11-30. Available in PDF, EPUB and Kindle. Book excerpt: The objective of Off-Balance Sheet Activities is to gain insights into, and propose meaningful solutions to, those issues raised by the current proliferation of off-balance sheet transactions. The book has its origins in a New York University conference that focused on this topic. Jointly undertaken by the Vincent C. Ross Institute of Accounting Research and New York University's Salomon Center for the study of Financial Institutions at the Stern School of Business, the conference brought together academic researchers and practitioners in the field of accounting and finance to address the issues with the broad-mindedness requisite of a group whose approaches to solutions are as different from each other as their respectively theoretical and applied approaches to the disciplines of finance and accounting. The essays are divided into two sections. The first covers issues surrounding OBS activities and banking and begins with a brief introduction that places the essays into context. OBS activities and the underinvestment problem, whether loan sales are really OBS, and money demand and OBS liquidity are examined in detail. Section two, which also begins with a brief introduction, focuses on issues of securitized assets and financing. A report on recognition and measurement issues in accounting for securitized assets is followed by three separate discussion essays. Other subjects covered include contract theoretic analysis of OBS financing, the use of OBS financing to circumvent financial covenant restrictions, and debt contracting and financial contracting. The latter two contributions are also followed by discussion essays. This unique collection of papers will prove to be an interesting and valuable tool for accounting and finance professionals as well as for academics involved in these fields. It will also be an important addition to public, college, and university libraries.
Author : Andrea Winkelmann
Release : 2013
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Monetary Policy and Bank Off-Balance Sheet Activities by : Andrea Winkelmann
Download or read book Monetary Policy and Bank Off-Balance Sheet Activities written by Andrea Winkelmann. This book was released on 2013. Available in PDF, EPUB and Kindle. Book excerpt: This thesis addresses the question whether accommodative monetary policy pursued by the Federal Reserve Bank (Fed) in the run-up to the recent financial crisis predicts a significant increase in risk-taking of US commercial banks. In contrast to other studies, we consider banks' off-balance sheet (OBS) activities as a proxy for overall risk-taking. Using annual data of US commercial banks from 1998 until 2012 and controlling other variables, we could not support our hypothesis that accommodative monetary policy is associated with increased OBS activity. However, our specific approximation of OBS activity which follows an indirect approach based on the literature of Boyd and Gertler (1995) may be an incomplete measurement for risk-taking. Moreover, we found evidence that the recent financial crisis was to some extent unexpected. If banks are generally not aware of taking chances, the level of OBS activity may not be an appropriate indicator for risk-taking. This work should consequently be considered as a first step towards quantifying the direct effect of monetary policy on OBS activity. As our results reveal, further research should be conducted in order to gain a better understanding on the mechanisms through which monetary policy affects banks' OBS activities. Our recommendation is to reform supervision and regulatory policy in order to ensure a better disclosure and monitoring of risk in general and of OBS activity in particular.
Author : Mr.Luc Laeven
Release : 2009-09-01
Genre : Business & Economics
Kind : eBook
Book Rating : 549/5 ( reviews)
Book Synopsis Accounting discretion of banks during a financial crisis by : Mr.Luc Laeven
Download or read book Accounting discretion of banks during a financial crisis written by Mr.Luc Laeven. This book was released on 2009-09-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper shows that banks use accounting discretion to overstate the value of distressed assets. Banks' balance sheets overvalue real estate-related assets compared to the market value of these assets, especially during the U.S. mortgage crisis. Share prices of banks with large exposure to mortgage-backed securities also react favorably to recent changes in accounting rules that relax fair-value accounting, and these banks provision less for bad loans. Furthermore, distressed banks use discretion in the classification of mortgage-backed securities to inflate their books. Our results indicate that banks' balance sheets offer a distorted view of the financial health of the banks.
