Παρακαλώ χρησιμοποιήστε αυτό το αναγνωριστικό για να παραπέμψετε ή να δημιουργήσετε σύνδεσμο προς αυτό το τεκμήριο:
https://ruomo.lib.uom.gr/handle/7000/476
Πλήρης εγγραφή μεταδεδομένων
Πεδίο DC | Τιμή | Γλώσσα |
---|---|---|
dc.contributor.author | Panagopoulos, Athanasios | - |
dc.contributor.author | Chatzigagios, Thomas | - |
dc.date.accessioned | 2019-11-28T09:19:22Z | - |
dc.date.available | 2019-11-28T09:19:22Z | - |
dc.date.issued | 2015 | - |
dc.identifier | 10.7763/IPEDR.2015.V84.4 | en_US |
dc.identifier.issn | 2010-4626 | en_US |
dc.identifier.uri | https://doi.org/10.7763/IPEDR.2015.V84.4 | en_US |
dc.identifier.uri | https://ruomo.lib.uom.gr/handle/7000/476 | - |
dc.description.abstract | This paper aims the research whether involving Credit Ratings Agencies (CRAs), regarding the provision of credit risk rating for the banking structured products, as well as the credit clauses of ISDA (International Swaps and Derivatives Association) signed agreements between banks, could affect the banking liquidity. The research work focuses on the existing regulation and the literature for CRAs and on whether a proposed set of regulation reforms could aim in manipulating future crisis in the finance environment. The ISDA operation, the legal framework of its proposed contracts (for banking products transactions) and the decisions of its committees are factors, which can also influence the operation of these products and the banking liquidity. Throughout this system, a procedure occurs with which the activation of hedging instruments (as Credit Default Swaps) is decided, when a "credit event" takes place. The research effort is also based on the study of ISDA contracts as legal tool protecting the banks, bilaterally, from credit event risks. Under this reasoning, we have examined the liquidity effects concerning banks and how this is involved with the changes of the credit ratings. The paper reviews the current European legislation of CRAs, as well as the policy of ISDA through its contracts and from the results ended, suggests specific legislative interferences and changes in ISDA’s agreement clauses, to preserve the banking liquidity. | en_US |
dc.language.iso | en | en_US |
dc.publisher | IACSIT PRESS | en_US |
dc.source | International Proceedings of Economics Development and Research | en_US |
dc.subject | FRASCATI::Social sciences::Economics and Business | en_US |
dc.subject | FRASCATI::Social sciences::Economics and Business::Business and Management | en_US |
dc.subject.other | CRAs | en_US |
dc.subject.other | Credit events | en_US |
dc.subject.other | ISDA | en_US |
dc.subject.other | Master Agreement | en_US |
dc.subject.other | CSA | en_US |
dc.subject.other | Liquidity | en_US |
dc.title | Credit Rating Agencies’ Decisions and I.S.D.A.’s Credit Events: Effects on Banking Liquidity and Legal Contracts | en_US |
dc.type | Article | en_US |
dc.contributor.department | Τμήμα Λογιστικής & Χρηματοοικονομικής | en_US |
local.identifier.volume | 84 | en_US |
local.identifier.firstpage | 17 | en_US |
local.identifier.lastpage | 24 | en_US |
Εμφανίζεται στις Συλλογές: | Τμήμα Λογιστικής & Χρηματοοικονομικής |
Αρχεία σε αυτό το Τεκμήριο:
Αρχείο | Περιγραφή | Μέγεθος | Μορφότυπος | |
---|---|---|---|---|
IPEDR article ICEFR Kyoto 2015 - CRAs-ISDA banking liquidity.pdf | 252,99 kB | Adobe PDF | Προβολή/Ανοιγμα |
Τα τεκμήρια στο Αποθετήριο προστατεύονται από πνευματικά δικαιώματα, εκτός αν αναφέρεται κάτι διαφορετικό.