In this article, the authors analyze the derivatives holdings of US insurers to empirically
investigate the general hypotheses developed in the financial literature to explain why …

This article estimates the interest rate and exchange rate risk betas of 59 large US
commercial banks for the period of 1975–1992, as well as the bank-specific determinants of …

This paper investigates the use of interest-rate derivatives by US commercial banks with
total assets between 100millionand 1 billion. These banks are interesting, because they …

One of the most important policy issues for financial authorities is to decide at what level
average capital charges should be set. The decision may alternatively be expressed as the …

The results of a comparison of international banks using a three-factor multi-index model
and a modified value-at-risk (VaR) analysis indicate that the use of options increases the …

This study investigates whether the use of derivatives by banks in Latin America affect their
efficiency. Overall, and in line with theory, the results indicate that the use of derivatives …

The study examines the financial and regulatory factors that influenced the extent of
derivative activity at twenty-five large international dealer banks during the 1995–1997 …

Based on annual data for medium-sized US commercial banks from 1991 through 1998, we
investigate both the decision of whether to participate in interest rate derivatives and, for …

A low interest rate environment is susceptible to sudden increases in policy rates and
heightened interest rate risk (IRR). By using a sample of 81 euro area banks during the …

Our primary aim in this study is to determine the relation that exists between the use of
interest rate derivatives by public-traded life insurance firms and their exposure to interest …