scholarly journals The Effects of Financial Crisis on Hedging Efficiency of Indian Rubber Future Markets

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Saji Thazhungal Govindan Nair
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Price Volatility ◽  
Spot Market ◽  
Risk Exposure ◽  
Integration Framework ◽  
Market Participants ◽  
Financial Crisis Of 2008 ◽  
Price Risks

This research, under Engle-Granger Co-integration framework, examines the hedging efficiency of Indian rubber future markets during the period 2004-2017. The essence of this study is to seek evidence for the effects of global financial crisis of 2008 on the efficiency of rubber futures in hedging  price risks of spot rubber in India. The study proved the hedging efficiency of rubber futures during both pre and post recession periods. However, increased price volatility of Indian rubber after recession heightened risk exposure to market participants that eventually lead to unexpected changes in the hedging efficiency of rubber futures.  The research concludes with a suggestion that writing of rubber futures in India allows traders to hedge risk exposures in spot market along with the potentials of arbitrage gains. 

scholarly journals An Investigation into the Fundamental Drivers of Pricing of Residential Mortgage Products – A Risk Pricing Viewpoint

2010 ◽  
Vol 10 (4) ◽  
pp. 60-72
Author(s):  
Harry M Karamujic
Keyword(s):  
Financial Crisis ◽  
Interest Rates ◽  
Financial Institutions ◽  
Global Financial Crisis ◽  
Exact Science ◽  
Residential Mortgage ◽  
Risk Pricing ◽  
Price Risks ◽  
The Global Financial Crisis ◽  
Underlying Theme

Residential mortgage products (also known as home loans) pricing has been long understood to be something of a ‘dark art’, requiring judgment and experience, rather than being an exact science. In the last decade, a lot has changed in this field and more and more lenders, primarily the larger lenders, are increasingly looking to make their pricing as exact as possible. Even so, inadequate pricing of residential mortgage products (in particular its substandard risk pricing) has been seen as one of major causes of the global financial crisis (GFC) and subsequent spectacular banking collapses. The underlying theme of the paper is to exhibit how contemporary lenders, in practice, price their residential mortgage products. While discussing elements of the pricing calculation particular attention was given to the exposition of how contemporary lenders price risks involved in providing home loans. Because of the importance of Basel capital accords to how financial institutions assess and quantify their risks, the paper provides an overview of Basel capital accords. The author envisages that the paper will (i) help enhance comprehension of the underlying elements of the pricing calculation and the ways in which these elements relate to each other, (ii) scrutinize how contemporary lenders identify and quantify risks and (iii) improve consciousness of future changes in interest rates

Introduction

Focaal ◽  
2017 ◽  
Vol 2017 (78) ◽  
pp. 1-8 ◽  
Author(s):  
Marguerite van den Berg ◽  
Bruce O’Neill
Keyword(s):  
Financial Crisis ◽  
Global Economy ◽  
Global Financial Crisis ◽  
Free Time ◽  
Thematic Section ◽  
Advanced Capitalism ◽  
Financial Crisis Of 2008 ◽  
Postcolonial Africa ◽  
The Global Financial Crisis ◽  
Insight Into

Nearly a decade after the global financial crisis of 2008, this thematic section investigates one way in which marginalization and precarization appears: boredom. An increasingly competitive global economy has fundamentally changed the coordinates of work and class in ways that have led to a changing engagement with boredom. Long thought of as an affliction of prosperity, boredom has recently emerged as an ethnographically observed plight of the most economically vulnerable. Drawing on fieldwork from postsocialist Europe and postcolonial Africa, this thematic section explores the intersection of boredom and precarity in order to gain new insight into the workings of advanced capitalism. It experiments with ways of theorizing the changing relationship between status, production, consumption, and the experience of excess free time. These efforts are rooted in a desire to make sense of the precarious forms of living that proliferated in the aftermath of the global financial crisis and that continue to endure a decade later.

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