New Financial Instruments/Profitability of Banks
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Source ECB Financial Stability Review, June 2006 | ||||
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Fannie and Freddie on the rope
17.07.2008
By: Wolfgang Münchau
When house price are expected to decline by 30%, some strange things are happening
Tales of Leverage
09.07.2008
By: Satyajit Das
There are many ways to increase leverage in a financial transaction that is not properly understood, and not recorded in official statistics. This article gives some examples of the use of total return swaps, digital options, and credit leverage in CDOs.
Bank Earnings – The "V", "U" or "L" Recovery
17.06.2008
By: Satyajit Das
This article offers an in-depth analysis of what is going to happen to bank profits and balance sheets under various scenarios.
Voodoo Banking
09.06.2008
By: Satyajit Das
There are parallels between banks and athletes, whose performance enhancing drugs to boost their performance. This is the first of two articles, which looks what will happen to banks when the drugs are taken away.