Investment Banking and Brokerage Working Papers

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Survey of Disclosures About Trading and Derivatives Activities of Banks and Securities Firms (PDF)
Consists of a survey of the disclosures made in their 1995 accounts by internationally active banks and securities firms. (Adobe Required)

 
Survey of Disclosures About Trading and Derivatives Activities of Banks and Securities Firms 1996 (PDF)
Survey of disclosures about trading and derivatives activities presented in the annual reports of 79 large banks and securities firms located in the G-10 countries. (Adobe Required)

 
Delivery Versus Payment in Securities Settlement Systems (PDF)
White paper that presents a framework for analyzing the types and sources of risk in securities clearance and settlement.

 
Trading and Derivatives Disclosures of Banks and Securities Firms (PDF)
The publication of this fifth annual survey report on the trading and derivatives disclosures of major G10 banks and securities firms represents a continued effort by the Basel Committee on Banking Supervision and the IOSCO Technical Committee t.

 
Survey of Disclosures About Trading and Derivatives Activities of Banks and Securities Firms 1997
Transparency through public disclosure is crucial to effective market discipline and can reinforce supervisory efforts to promote high standards in risk management. (Adobe Required)

 
Exchange Rate Regimes and Inflation and Output in Sub-Saharan Countries
Working paper that studies the role of real exchange rates and exchange-rate policies in explaining differences in economic performance.

 
External Sector Reform and Public Enterprise Restructuring
Working paper by Rina Bhattacharya of the Middle Eastern Department of the International Monetary Fund.

 
Financial Asset Prices and Monetary Policy: Theory and Evidence
Working paper by Frank Smets.

 
The Structure of Debt and Active Equity Investors
Analysis of the role that the buyout specialist plays in post-LBO debt structuring.

 
Recommendations for Public Disclosure of Trading and Derivatives Activities of Banks and Securities Firms (PDF)
The document identifies categories of information which, if publicly disclosed, will greatly assist markets and counterparties in undertaking sound risk assessment of financial institutions' trading and derivatives activities. (Adobe Required)

 
Commercial Banks in the Securities Business: A Review
Working paper that analyzes the potential effects of commercial banks' expansion into the securities business.

 
Center for Research in Security Prices: Working Paper Series
Based at the University of Chicago. Some papers available online.

 
Social Science Research Network (SSRN)
The SSRN is devoted to the rapid worldwide dissemination of social science research and is composed of specialized research networks in each of the social sciences.

 
Clearing Arrangements for Exchange Traded Derivatives
Working paper that describes and analyzes clearing arrangements for exchange-traded derivatives in the Group of 10 countries.

 
Demographic Change in Asia - The Impact on Optimal National Saving, Investment, and the Current Account
Working paper by Serge Besanger, Ross S. Guest and Ian McDonald of the International Monetary Fund Institute.

 
Supervision of Financial Conglomerates (PDF)
Collection of papers that facilitate the exchange of information between supervisors within their own sectors and between supervisors in different sectors. (Adobe Required)

 
Why Do Firms Switch Underwriters?
Study of the factors that help determine why firms change underwriters in initial public offerings (IPOs).

 
OTC Derivatives: Settlement Procedures and Counterparty Risk Management
Working paper outlining existing policies and procedures for documenting, processing and settling over-the-counter transactions. Requires Acrobat Reader.

 
FRB: Finance & Economics Discussion Series
Finance and economic publications.

 
Supervisory Information Framework for Derivatives and Trading Activities (PDF)
Assess the derivatives activities of banks and securities firms, this paper enhances the supervisory information framework that was jointly published in May 1995 by the Basle Committee on Banking Supervision and the Technical Committee of the In.

 
Forecast Errors and Financial Developments
Working paper that looks at the accuracy of forecasts and addresses whether forecasts of growth and inflation can be improved by including information from financial markets.

 
Spread Overreaction in International Bond Markets
Working paper that applies the Campbell-Shiller (1987) methodology to a study of the joint behavior of a three-month and a five-year government yield.

 
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