Description
Book SynopsisThis timely collection of papers probes into the major issues that are at the heart of our current financial market crises. The coverage of banking topics include the changing nature of intra and inter-bank markets, bank lending behavior, risk and risk-taking, the role of liquidity, return and maturity transformation issues. Issues on international financial market volatility and spillover effects are analyzed in detail, and intense discussions on capital adequacy and regulation in banking, and the potential role of banks' activities in the triggering of financial crises provide forward-looking insights.This volume will offer readers current and innovative approaches to assessing extant issues in banking and financial markets. In particular, it provides new ideas about the role of corporate governance institutions as signaling devices in exercising regulatory authority and protection of the shareholders' rights. What this volume covers in breadth, it also delves in depth with critical analyses and commentaries on the possible role of bank lending in triggering international crises, value creation in international joint ventures and the pricing of risk in international financial markets.
Table of ContentsBanking and International Finance: Effects of International Interbank Lendings on Twin Crises; Ex Ante Versus Ex Post Regulation of Bank Capital; Value-at-Risk Disclosures and the Implications on Bank Stakeholders; Asymmetry in the Market Price of Risk: Evidence From Latin America; Maturity Transformation Strategies and Interest Rate Risk of Financial Institutions: Evidence from the German Market; Country-of-Origin Determinants of Value Creation in International Joint Ventures: A Comparison of Hong Kong and US Investments in China; International Transmission Effects of Volatility between Financial Markets in the G-7 since the Introduction of the Euro; Corporate Finance and Investments: Managing the Costs of Issuing Common Equity: The Role of Registration Choice; Corporate Governance Institutions as Signaling and Commitment Devices; The Impact of Arrangers and Buyout Sponsors on Loan Pricing in LBOs: A Cross Border Study; Ownership Control and Valuation Changes For Earnings Announcements Around US Cross Listings By Canadian Firms; Asymmetric Impact of News on Stock Return Volatility; Analysis of the Investment Potential and Inflation-Hedging Ability of Precious Metals; Corporate Governance and Ownership Structure in Emerging Markets: Evidence from Latin America.
