Essays about: "Edvin Landvik"

Found 1 essay containing the words Edvin Landvik.

  1. 1. Sensitivity Matching Through Market Power: Bank Hedging in the Age of Low Interest Rates

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Edvin Landvik; Eric Ellsäter; [2020]
    Keywords : Maturity Transformation; Risk Exposure; Interest Rate Risk; Financial Crisis; Maturity Mismatch;

    Abstract : We replicate the paper of Drechsler et al. (2017a) who find that banks are able to hedge against interest rate risk exposure through maturity transformation. Our results confirm their findings prior to the financial crisis that the interest sensitivities of income and expenses closely follow one another, resulting in an insensitive ROA. READ MORE