Essays about: "Maturity Mismatch"

Found 4 essays containing the words Maturity Mismatch.

  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

  3. 2. Bank Stock Returns and Monetary Policy Surprises: Before and After the Financial Crisis

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi; Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Jean-Philippe Chakbazof; Ludvig Sviberg; [2020]
    Keywords : Monetary Policy; FOMC Announcements; Interest Rate Surprises; Maturity Mismatch;

    Abstract : Using daily bank stock data and quarterly balance sheet data, we estimate the reaction of bank stock returns and maturity mismatches to surprise changes in the federal funds rate and the slope of the yield curve on FOMC dates, before and after the financial crisis of 2008. We find that the reaction of U.S. READ MORE

  4. 3. Seasonal changes in clupeids maturation constrains the food quality of chicks of the common guillemot (Uria aalge) : A case study of a potential mismatch, from the perspective of the common guillemot chicks on Stora Karlsö, the Baltic Sea

    University essay from Stockholms universitet/Stockholm Resilience Centre

    Author : Emelie Delphin; [2018]
    Keywords : Common guillemot Uria aalge ; Sprat Sprattus sprattus ; Herring Clupea herengus ; Match-mismatch hypothesis; the Baltic Sea;

    Abstract : Background: Common guillemots are integral elements of the Baltic Sea marine ecosystem. They possess life-history characteristics such as relatively long lifespan, quite low fecundity resulting in only one egg per breeding season – characteristics that make them particularly vulnerable to even small changes in the environment. READ MORE

  5. 4. My word is my bond. Risk assessment of the Swedish mortgage portfolio

    University essay from Göteborgs universitet/Graduate School

    Author : Robert Vannerberg; Fabian Carlsson; [2017-07-25]
    Keywords : Swedish Mortgage Portfolio; Covered Bond; Cover Pool; House Price risk; Mortgage risk; Credit risk; Liquidity risk;

    Abstract : In this thesis, we investigate risks in the Swedish mortgage portfolio, namely Swedish covered bonds, in a housing market decline. We develop a stress-model which estimates mortgages that needs to be withdrawn from the cover pool to honor the covered bond contract. READ MORE