Sökning: "Edvin Landvik"

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  1. 1. Sensitivity Matching Through Market Power: Bank Hedging in the Age of Low Interest Rates

    C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Författare :Edvin Landvik; Eric Ellsäter; [2020]
    Nyckelord :Maturity Transformation; Risk Exposure; Interest Rate Risk; Financial Crisis; Maturity Mismatch;

    Sammanfattning : We replicate the paper of Drechsler et al. (2017a) who find that banks are able to hedge against interest rate risk exposure through maturity transformation. Our results confirm their findings prior to the financial crisis that the interest sensitivities of income and expenses closely follow one another, resulting in an insensitive ROA. LÄS MER