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  • Risk Issues on Banking Industry in Taiwan and Mainland China: The Determinants of the Use of Derivatives The Sensitivity of Stock Returns to Market, Interest and Exchange Rate Risks

    Risk Issues on Banking Industry in Taiwan and Mainland China by Moh, Feng-Yuan; Lin, Bing-Huei;

    The Determinants of the Use of Derivatives The Sensitivity of Stock Returns to Market, Interest and Exchange Rate Risks

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      • Publisher's listprice EUR 49.00
      • The price is estimated because at the time of ordering we do not know what conversion rates will apply to HUF / product currency when the book arrives. In case HUF is weaker, the price increases slightly, in case HUF is stronger, the price goes lower slightly.

        20 322 Ft (19 355 Ft + 5% VAT)
      • Discount 5% (cc. 1 016 Ft off)
      • Discounted price 19 307 Ft (18 387 Ft + 5% VAT)

    20 322 Ft

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    Product details:

    • Publisher LAP Lambert Academic Publishing
    • Date of Publication 1 January 2011
    • Number of Volumes .

    • ISBN 9783844327151
    • Binding Paperback
    • No. of pages64 pages
    • Language English
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    Long description:

    The global financial crisis of September 2008 highlighted the importance of financial stability, financial soundness, and currency stability. This dissertation contributes to the literature in these areas with two studies. The first essay examines the financial characteristics of banks that use derivatives and those that do not, as well as the relationship between the use of derivatives and financial characteristics using quarterly data from all domestic banks from March 1998 to March 2009. The second essay estimates the sensitivity of stock returns to market, interest and exchange rate risks of the Chinese and Taiwanese financial institutions, and it also examines the pricing of these risk factors in the framework of Ross' (1976) arbitrage pricing theory. The two-step estimation procedure adopts a seemingly unrelated regression method using daily data for the period from 21 July 2005 to 31 December 2009. Finally, the implications of these findings for regulators, industrialists and academicians are provided in this dissertation.

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