Tag Archives: Crisis

Paper: Información sobre default: Precio de las opciones

Posted on by
Post Type Gaston Besanson
qfcpapers

A Framework for Extracting the Probability of Default  from Stock Option Prices Abstract This paper develops a framework to estimate the probability of default (PD)  implied in listed stock options. The underlying option pricing model measures PD  as the intensity of a jump diffusion process, in which the underlying stock price jumps to zero at...+

Finanzas 101: Shadow Banking (Literatura)

Posted on by
Post Type Finanzas 101
ShadowBanking101

Shadow Banking: A Review of the Literature Abstract We provide an overview of the rapidly evolving literature on shadow credit intermediation. The shadow banking system consists of a web of specialized financial institutions that conduct credit, maturity, and liquidity transformation without direct, explicit access to public backstops. The lack of such access to sources of...+

123›»