Bank Stability, Sovereign Debt and Derivatives (Palgrave Macmillan Studies in Banking and Financial Institutions)

The latest scholarly developments in research on banking, financial markets, and the recent financial crisis. This selection of papers were presented at the Wolpertinger Conference held in Valletta, Malta, 2012 and provide insights into bank performance, banking risk, securitisation, bank stability, sovereign debt and derivatives. Bank Stability, Sovereign Debt and Derivatives brings together the latest research on banking, financial markets, and the recent financial crisis. Written by a group of leading scholars, it offers both empirical and theoretical perspectives on topics such as cooperative banking; the role of trade credit and the cost of capital; the management of foreign exchange exposures; risk governance and management control; private equity investment; credit guarantee institutions, performance and risk analysis; credit supply and the rise in sovereign debt risk in the Eurozone. It also examines the relationship between bank business models and financial stability using evidence from the financial crisis in OECD countries and develops a new risk adjusted performance approach for measuring securities exchanges' value. The book provides state-of-the-art scholarly research on bank stability, sovereign debt and derivatives and is essential reading for scholars, researchers, graduate students and consulting firms interested in banking and financial markets Front Matter....Pages i-xvi Introduction....Pages 1-6 On the Relationship between Bank Business Models and Financial Stability: Evidence from the Financial Crisis in OECD Countries....Pages 7-30 Cooperative Banking in Poland: A Post-Crisis Record of Stability and Efficiency....Pages 31-56 Credit Development, Quality Deterioration and Intermediation Model: Does Bank Size Matter?....Pages 57-92 Credit Supply and the Rise in Sovereign Debt Risk in the Eurozone....Pages 93-114 Credit Guarantee Institutions, Performance and Risk Analysis: An Experimental Scoring....Pages 115-160 The Role of Trade Credit and the Cost of Capital....Pages 161-182 Accounting for the Level of Success of Firms in Achieving Their Objectives for Using Derivatives....Pages 183-202 The Management of Foreign Exchange Exposures....Pages 203-234 Risk Governance in Pension Funds: Management Control in Dutch Pension Funds....Pages 235-254 A New Risk-Adjusted Performance Approach for Measuring the Value of Securities Exchanges....Pages 255-282 Does Private Equity Investment Positively Impact on Firm Profitability and on the Growth of the Target Company?....Pages 283-302 Back Matter....Pages 303-308