Suchergebnisse

The global financial crisis has underscored the need to pay attention to contingent government liabilities that could arise from bank failures for sovereign risk management. This paper proposes a simple method to construct a contingent liability index (CLI) for a banking sector that takes into account the size and concentration of the banking system, market expectations of bank defaults, and perceptions of government support to each bank. This method allows us to track potential government liabilities related to bank failures for 32 advanced and emerging economies on a monthly basis from 2006 to 2013. Furthermore, we find that the CLI is a significant determinant of sovereign CDS spreads. Our results suggest that a 1 percentage point increase in the CLI is associated with an increase in sovereign CDS spreads by 24 basis points for advanced economies and 75 basis points for emerging markets on average.

The global financial crisis has underscored the need to pay attention to contingent government liabilities that could arise from bank failures for sovereign risk management. This paper proposes a simple method to construct a contingent liability index (CLI) for a banking sector that takes into account the size and concentration of the banking system, market expectations of bank defaults, and perceptions of government support to each bank. This method allows us to track potential government liabilities related to bank failures for 32 advanced and emerging economies on a monthly basis from 2006 to 2013. Furthermore, we find that the CLI is a significant determinant of sovereign CDS spreads. Our results suggest that a 1 percentage point increase in the CLI is associated with an increase in sovereign CDS spreads by 24 basis points for advanced economies and 75 basis points for emerging markets on average.

Abstract
The article deals with controlling claims and liabilities, explains the concepts and principles used in practice. It also puts forward how the company's claims can be monitored according to time perspective as well as selected indicators of financial analysis. Following the example of a selected company in bankruptcy it shows how to apply methods for monitoring claims while tracking the structure of corporate liabilities. By analysing the balance sheet and notes to the financial statements the company's bankruptcy is identified.

AbstractThe Natural Resource Damage Assessment (NRDA) provisions of the Comprehensive Environmental Response, Compensation, and Liability Act
(CERCLA), the Oil Pollution Act (OPA), and the Clean Water Act (CWA) designate federal, state, Indian tribe, or
international natural resource trustees to: (1) assess damages for injuries to natural resources; (2) recover costs of
damages and assessments from responsible parties; and (3) restore, replace, or acquire the equivalent of damaged resources and
compensate for lost services. Damages recovered from such claims can be substantial and may exceed cleanup costs. Natural resource trustees are
pursuing Natural Resource Damage (NRD) claims where DOD agencies are either responsible parties or co‐trustees. A recent case at the
Massachusetts Military Reservation demonstrates that state National Guard and DOD components are vulnerable to NRD claims. International NRD claims
for extraterritorial natural resource damages are also possible. DOD natural resource and environmental professionals should be aware of NRD claim
liabilities and proactive measures that can reduce the incidence or consequence of potential claims. © 2003 Wiley Periodicals, Inc.

This Article initially will explore the nature and extent of shareholders' and directors' liabilities for contingent claims against the dissolved corporation by examining section 105 of the Model Business Corporation Act and the case law of those states that have adopted the Model Act.' Two purposes underlying the Model Act are uniformity and progressive resolution of issues inadequately resolved by the common law or earlier statutes. An exhaustive analysis of the case law under section 105 of the Model Act, however,reveals that both purposes have been frustrated, if not defeated. First, uniformity among jurisdictions, as well as within each Model Act state, is defeated by the overwhelming inconsistency in the case law. Litigants presently can choose precedent to support almost any position they seek to argue. Moreover, section 105 itself does not resolve clearly any of the major post-dissolution liability issues. Its ambiguous language has furnished litigants and courts with little guidance in determining the legislatively intended answers to key issues.

The article builds the context diagram and the decomposition diagram of the model for management ofassets and liabilities of a commercial bank in order to organize all operations, flows and interconnectionsduring this process. It also studies strategies and basic principles of assets and liabilities management, newtendencies and importance of use of the analytical structure, the way of solution of legislation and managementissues in this field. ; В статье построены контекстная диаграмма и диаграмма декомпозиции модели управленияактивами и пассивами коммерческого банка с целью организации всех операций, потоков ивзаимосвязей при осуществлении данного процесса; исследованы стратегии и основные принци-пы управления активами и пассивами, новые тенденции и важность использования аналитиче-ской структуры, пути решения возникающих нормативных и управленческих вопросов и про-блем в этой области.

This study examined banking sector reforms in Nigeria vis-à-vis the performance of the banking system measured by total credit of banks to domestic private sector (CREP) and banks' return on assets (ROA). The period of study is between 1971 and 2011. The Ordinary Least Square (OLS) estimation technique was used for the data analysis. The cointegration results confirmed the existence of long run relationship among the variables in the models. The study found that lending rate and spread impacted negatively on CREP. ROA impacted positively and significantly on CREP but minimally on financial deepening. The study recommended among others, a gradual and systematic reduction in the minimum rediscount rate as a means of reducing lending rate to encourage borrowing and stimulate private sector investment in Nigeria