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Recursos bibliográficos en papel y digitales -
- libros, artículos de revistas,
ponencias de eventos, etc. -
» Resultado:
6 registros
| Registro 1 de 6 |
| Autor: |
Froot, Kenneth-A - Stein, Jeremy-C - |
| Título: |
Risk Management, Capital Budgeting, and Capital Structure Policy for Financial Institutions: An Integrated Approach |
| Fuente: |
Journal of Financial Economics. v.47, n.1. Elsevier Science |
| Páginas: |
pp. 55-82 |
| Año: |
Jan. 1998 |
| Resumen: |
The authors develop a framework for analyzing the capital allocation and capital structure decisions facing financial institutions. Their model incorporates two key features: (1) value-maximizing banks have a well-founded concern with risk management; and (2) not all the risks they face can be frictionlessly hedged in the capital market. This approach allows the authors to show how bank-level risk management considerations should factor into the pricing of those risks that cannot be easily hedged. They examine several applications, including: the evaluation of proprietary trading operations, and the pricing of unhedgeable derivatives positions. The authors also compare their approach to the RAROC methodology that has been adopted by a number of banks. |
| Solicitar por: |
HEMEROTECA J + datos de Fuente |
| Registro 2 de 6 |
| Autor: |
Froot, Kenneth-A - Obstfeld, Maurice - |
| Título: |
Intrinsic Bubbles: The Case of Stock Prices |
| Fuente: |
American Economic Review. v.81, n.5. American Economic Association |
| Páginas: |
pp. 1189-214 |
| Año: |
Dec. 1991 |
| Resumen: |
Several puzzling aspects of the behavior of United States stock prices may be explained by the presence of a specific type of rational bubble that depends exclusively on aggregate dividends. The authors call bubbles of this type "intrinsic" bubbles because they derive all of their variability from exogenous economic fundamentals and none from extraneous factors. Intrinsic bubbles provide a more plausible empirical account of deviations from present-value pricing than do the traditional examples of rational bubbles. Their explanatory potential comes partly from their ability to generate persistent deviations that appear to be relatively stable over long periods. |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
| Registro 3 de 6 |
| Autor: |
Froot, Kenneth-A - Thaler, Richard-H - |
| Título: |
Foreign Exchange |
| Fuente: |
Journal of Economic Perspectives. v.4, n.3. American Economic Association |
| Páginas: |
pp. 179-92 |
| Año: |
summer 1990 |
| Solicitar por: |
HEMEROTECA J + datos de Fuente |
| Registro 4 de 6 |
| Autor: |
Frankel, Jeffrey-A - Froot, Kenneth-A - |
| Título: |
Chartists, Fundamentalists, and Trading in the Foreign Exchange Market |
| Fuente: |
American Economic Review. v.80, n.2. American Economic Association |
| Páginas: |
pp. 181-85 |
| Año: |
May 1990 |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
| Registro 5 de 6 |
| Autor: |
Froot, Kenneth-A - Klemperer, Paul-D |
| Título: |
Exchange Rate Pass-Through When Market Share Matters |
| Fuente: |
American Economic Review. v.79, n.4. American Economic Association |
| Páginas: |
pp. 637-54 |
| Año: |
Sept. 1989 |
| Resumen: |
The authors investigate the pass-through from exchange rates to import prices when firms’ future demands depend on their current market shares. They show that profit-maximizing foreign firms may either raise or lower their dollar export prices when the dollar appreciates temporarily (i.e., the pass-through may be perverse) and that current import prices may be more sensitive to expected future exchange rates than to current exchange rates. They present evidence that suggests the behavior of expected future exchange rates may provide a clue to the puzzling recent behavior of U.S. import prices. |
| Solicitar por: |
HEMEROTECA A + datos de Fuente |
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