Výsledky vyhledávání - "James Kurt Dew"

A Theory of Market Design: The Split Market Paradigm

Autor: James Kurt Dew

Publikováno v: SSRN Electronic Journal.

The cost of systemic risk in the over-the-counter (OTC) derivatives market is described and estimated. Modern portfolio theory (MPT), applied to OTC derivatives, predicts this cost, which has been growing since 1970. This cost grew because Congress b

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::bf50edefab29d8afe0f1e31ee223ec99
https://doi.org/10.2139/ssrn.2640159

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Increasing Liquidity and Reducing Credit Risk in the Eurodollar Deposit and Futures Markets

Autor: James Kurt Dew

Publikováno v: SSRN Electronic Journal.

This note presents changes to OTC asset and futures trading technology that improve market efficiency. The changes integrate two OTC markets, deposits and futures, increasing their value-added to banks, securities investors, and dealers. OTC dealer c

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::f4cbf486331439772d0d9145238bceff
https://doi.org/10.2139/ssrn.2609454

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Will Futures Clearing Replace the Unnecessary Complexity and Systemic Risk of OTC Trading and Clearing Before the Dark Pools Do?

Autor: James Kurt Dew

Publikováno v: SSRN Electronic Journal.

Over-the-counter (OTC) traders cannot pursue the two fundamental objectives of portfolio management, the identification of portfolio market risk and return and its diversification. The result of this major market shortcoming is a complex, systemicall

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::1dc135a126c254712dce1bcf757ba93a
https://doi.org/10.2139/ssrn.2630348

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FFDs: Reducing Systemic Credit Risk in the OTC Derivatives Market

Autor: James Kurt Dew

Publikováno v: SSRN Electronic Journal.

This note presents an easily implemented, inexpensive, private sector innovation, a futures-friendly derivative (FFD) intended to compete with the unnecessarily credit-risky, dealer-traded, over-the-counter (OTC) derivatives, and their clumsy, expens

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::9a4f03beedae9d49a6578ecd827154d8
https://doi.org/10.2139/ssrn.2609438

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What Does Economics Have to Say about Afghanistan's Future?: Western Economic Naiveté and the Afghanistan Mess

Autor: James Kurt Dew

Publikováno v: SSRN Electronic Journal.

Using three market examples: opium, grapes, and timber; this paper illustrates mismanagement of Afghan economic affairs. These examples show an adverse effect of Western influence since the 9/11 invasion. Economic policy in Afghanistan is based on th

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::24f70dd539c116abdf3d4531f4ba8a12
https://doi.org/10.2139/ssrn.2198395

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Tying Bank Regulation to Banks’ Risk-Return Trade-Offs Following the Financial Crisis: Holding Congress and its Regulatory Apparatus Accountable

Autor: James Kurt Dew

Publikováno v: SSRN Electronic Journal.

Following the onset of the financial crisis, bank regulators suggest that they require new powers. Perhaps, but this crisis is partly the regulators’ own doing. We focus in particular on the regulator’s decision to lobby FASB to permit banks, alo

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::45b5da17c60ecdc66fb76fd27461e64e
https://doi.org/10.2139/ssrn.1019175

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Differences Among Banks are More Important than Their Common Risks in Explaining Banking Profits

Autor: James Kurt Dew

Publikováno v: SSRN Electronic Journal.

[Regulations following the Financial Crisis threaten to throw out the baby with the bathwater. The Evidence shows that Banks are profitable largely because of their differences. Federally encouraged mergers and other regulations that discourage these

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::91993bed645c2a15f09544657992c0c7
https://doi.org/10.2139/ssrn.1523864

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Futures-friendly derivatives: a fix for the over-the-counter derivatives mess

Autor: James Kurt Dew

Publikováno v: International Journal of Financial Innovation in Banking. 1:99

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::f56a57c77a3e6e732c6e4460e648cacb
https://doi.org/10.1504/ijfib.2016.076627

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Innovation Segregation By Two Australian Merchant Banks - A Private Alternative to the Financial Patent for Protecting Financial Innovations and Informing Investors

Autor: James Kurt Dew

Publikováno v: SSRN Electronic Journal.

We contrast two methods of encouraging financial innovation, recently liberalized patent regulations in the United States, and a method practiced by two Australian merchant banks. Financial innovations create unique intellectual property management p

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::3903bfac9b8c182db9ee9c3b9d6cf7f2
https://doi.org/10.2139/ssrn.995960

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Banking Rebels Overcome the Subprime Mortgage Crisis: The Unbearable Darkness of 21st Century Banking

Autor: James Kurt Dew

Publikováno v: SSRN Electronic Journal.

We produce evidence of an important non-market factor creating higher expected returns at greater risk for global banks. We find that the banks most exposed to this profitable source of risk tend to be less regulated than those less exposed; suggesti

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::2484608140e042db0f52318a2fc9c2f5
https://doi.org/10.2139/ssrn.1067781

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