Showing posts with label liquidity risk. Show all posts
Showing posts with label liquidity risk. Show all posts
Tuesday, April 27, 2021

26/4/21: What Low Corporate Insolvencies Figures Aren't Telling Us

›
  One of the key features of the Covid19 pandemic to-date has been a relatively low level of corporate insolvencies. In fact, if anything, w...
Sunday, May 31, 2020

31/5/20: S&P500 Shares Buybacks: Retained Earnings and Risk Hedging

›
Shares buybacks can have a severely destabilizing impact on longer term companies' valuations, as noted in numerous posts on this blog...
Sunday, May 20, 2018

19/5/18: Leverage risk in investment markets is now systemic

›
Net margin debt is a measure of leverage investors carry in their markets exposures, or, put differently, the level of debt accumulated on...
Sunday, April 8, 2018

8/4/18: Tail Risk and Liquidity Risk: What about that Alpha?

›
An interesting data set that illustrates two key concepts relating to financial returns, covered extensively in my courses: Liquidity r...
Friday, February 2, 2018

2/2/18: CFR: What Financial Economics Tells Us About Bitcoin

›
My new contribution to the Cayman Financial Review  is available, covering the key aspects of the fundamentals (or lac of such) behind the...
Friday, December 8, 2017

8/12/17: Coinbase to Bitcoin Flippers: You Might Flop

›
If you need to have a call to 'book profit', you are probably not a serious investor nor a seasoned trader. Then again, if you are...
Friday, November 24, 2017

24/11/17: Learning from the GFC: Lessons for Investors

›
My article, summing up the key lessons from the Global Financial Crisis that investors should review before the next crisis hits is now av...
Tuesday, May 16, 2017

16/5/17: Insiders Trading: Concentration and Liquidity Risk Alpha, Anyone?

›
Disclosed insiders trading has long been used by both passive and active managers as a common screen for value. With varying efficacy and ...
Monday, April 18, 2016

18/4/16: Rollover Risk, Competitive Pressures & Capital Structure of the Firm

›
Capital structure of the firm, as we discussed in our MBAG 8679A: Risk & Resilience:Applications in Risk Management class in recent we...
Friday, May 3, 2013

3/5/2013: Basel 2.5 can lead to increased liquidity & contagion risks

›
Banca d'Italia research paper No. 159, "Basel 2.5: potential benefits and unintended consequences" (April 2013) by Giovanni ...