Search results
Results from the WOW.Com Content Network
Although banking at the time was not a new concept, what had changed was that deposits had become the primary liability of banks. In 1830 the capital of banks was about three times the deposits, but less than one hundred years later depositors had come to represent approximately 68 percent of the equity in banks.
Formally, the duration gap is the difference between the duration - i.e. the average maturity - of assets and liabilities held by a financial entity. [3] A related approach is to see the "duration gap" as the difference in the price sensitivity of interest-yielding assets and the price sensitivity of liabilities (of the organization) to a change in market interest rates (yields).
George Selgin (/ ˈ s ɛ l dʒ ɪ n /; born February 15, 1957) is an American economist.He is Senior Fellow and Director Emeritus of the Cato Institute's Center for Monetary and Financial Alternatives, where he is editor-in-chief of the center's blog, Alt-M, [1] Professor Emeritus of economics at the Terry College of Business at the University of Georgia, and an associate editor of Econ ...
As banking regulation focusing on key factors in the financial markets, it forms one of the three components of financial law, the other two being case law and self-regulating market practices. [5] Compliance with bank regulation is ensured by bank supervision.
The dual use of the word "duration", as both the weighted average time until repayment and as the percentage change in price, often causes confusion. Strictly speaking, Macaulay duration is the name given to the weighted average time until cash flows are received and is measured in years. Modified duration is the name given to the price ...
The search engine that helps you find exactly what you're looking for. Find the most relevant information, video, images, and answers from all across the Web.
For their pioneering work, Markowitz and Sharpe, along with Merton Miller, shared the 1990 Nobel Memorial Prize in Economic Sciences, for the first time ever awarded for a work in finance. The portfolio-selection work of Markowitz and Sharpe introduced mathematics to investment management. With time, the mathematics has become more sophisticated.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!