آی اس آی پیپر

دانلود رایکان مقاله انگلیسی ISI با موضوع حساسیت بازده سهام بانکی نسبت به بازار

عنوان فارسی مقاله:

حساسیت بازده سهام بانکی نسبت به بازار، ریسک های مربوط به نرخ بهره و نرخ ارز

عنوان انگلیسی مقاله:

The sensitivity of bank stock returns to market, interest and exchange rate risks

دانلود رایگان مقاله ISI با فرمت PDF:

مشاهده توضیحات کامل و خرید ترجمه فارسی با فرمت ورد تایپ شده:

بخشی از مقاله انگلیسی :

3. Determination of the sensitivity coefficients

3.1. The micro banking model

The model describes the behavior of an international bank that extends loans maturing in two periods to domestic and foreign borrowers financed with one-period deposit funds raised both domestically and internationally. Letting 0 represent the dollar value of foreign exchange (= I/e), the US currency value at time period t of the various balance sheet items is denoted by 15: and i&L for domestic and foreign loans and 0: and c?,D: for domestic and foreign deposits. In addition, it is assumed that the bank engages in a domestic one-period risk-free lending/borrowing market such as the federal funds market. The quantity of fed funds is denoted by Xp and is positive for a net funds lender. Letting Rf represent the bank’s reserves, the balance sheet in US currency is given by the following equation