南澳代写assignment:利率风险
Keywords:南澳代写assignment
利率风险的影响主要从银行贷款视角和利润视角两个角度进行分析(BIS,2001)。利率风险暴露会影响银行的现金流,进而影响银行的贷款能力。联邦利率上调的估计效应导致美国银行贷款大幅增加(奥古斯丁,戴维,戴维,2013)。英语,Van den Heuvel和克拉伊舍克(2012)认为,银行的股票收益率对利率的增加反应消极。股票回报率和利率风险的共同运动被发现与银行的名义资产和负债之间的不匹配程度呈正相关(弗兰纳里和杰姆斯,1984)。还认为利率风险暴露影响货币传导。现金流和银行贷款的影响被证明是传输通道(弗兰纳里和杰姆斯,1984)。利率风险暴露的分配影响货币政策的有效性。
南澳代写assignment:利率风险
The impacts of interest rate risk are mainly analyzed from two perspectives, bank lending perspective and profit perspective (BIS, 2001). The interest rate risk exposure affects cash flows of banks, and then the ability of lending. The estimated effect of federal interest rate increase leads to large increase on bank lending in the US (Augustin, David & David, 2013). English, Van den Heuvel & Zakrajsek (2012) suggest that the bank stock returns react negatively to the increase of the interest rate. And the co-movement of stock returns and the interest rate risk is found to be positively related to the degree of mismatch between the nominal assets and liabilities in the banks (Flannery and James, 1984). It is also believed the interest rate risk exposure affects the monetary transmission. The effects of cash flow and then bank lending is proved to be the transmission channel (Flannery and James, 1984). And the allocation of the interest rate risk exposure affect the effectiveness of monetary policy.