Optimal mortgage contract design in less developed capital market: wage indexed payment mortgages (WIPMs) in Turkey

2004 ◽  
Keyword(s):  
Capital Market ◽  
Contract Design ◽  
Market Wage ◽  
Mortgage Contract

scholarly journals Housing Market Bubbles and Mortgage Contract Design: Implications for Mortgage Lenders and Households

2018 ◽  
Vol 11 (3) ◽  
pp. 42
Author(s):  
Geoffrey Poitras ◽  
Giovanna Zanotti
Keyword(s):  
Housing Market ◽  
Risk Reduction ◽  
Contract Design ◽  
Bubble Collapse ◽  
Equilibrium Conditions ◽  
Critical Elements ◽  
Default Options ◽  
Mortgage Contract ◽  
Mortgage Lenders

This paper explores the implications of a housing market bubble for three critical elements of mortgage contract design: difference between term to maturity and amortization period; prepayment options; and, lender recourse in the event of default. Using an extension of classical immunization theory, this paper provides equilibrium conditions demonstrating the risk reduction benefits of shorter term to contract maturity at origination for lenders of long amortization mortgage contracts. In addition, the risks of underpricing prepayment and no recourse default options in the mortgage contract when compared with full recourse mortgage contracts having yield maintenance prepayment penalties are explored by contrasting the ability of US and Canadian mortgage funding systems to withstand a housing market bubble collapse that might occur.

Mortgage contract design and systemic risk immunization

2016 ◽  
Vol 45 ◽  
pp. 320-331 ◽  
Author(s):  
Geoffrey Poitras ◽  
Giovanna Zanotti
Keyword(s):  
Systemic Risk ◽  
Contract Design ◽  
Mortgage Contract

External Factors of Big Business Transformation in Russia

2005 ◽  
pp. 72-89 ◽  
Author(s):  
Ya. Pappe ◽  
Ya. Galukhina
Keyword(s):  
Financial Market ◽  
Capital Market ◽  
Business Groups ◽  
External Factors ◽  
Big Business ◽  
Business Transformation ◽  
Global Standards ◽  
The World ◽  
Principal Subject

The paper is devoted to the role of the global financial market in the development of Russian big business. It proves that terms and standards posed by this market as well as opportunities it offers determine major changes in Russian big business in the last three years. The article examines why Russian companies go abroad to attract capital and provides data, which indicate the scope of this phenomenon. It stresses the effects of Russian big business’s interaction with the world capital market, including the modification of the principal subject of Russian big business from integrated business groups to companies and the changes in companies’ behavior: they gradually move away from the so-called Russian specifics and adopt global standards.

Institutional Investors on the Securities Market

2003 ◽  
pp. 95-101
Author(s):  
O. Khmyz
Keyword(s):  
Financial Crisis ◽  
Capital Market ◽  
Hedge Funds ◽  
Institutional Investors ◽  
Securities Market ◽  
Main Role ◽  
Investment Funds ◽  
Investment Process ◽  
The Capital Market

Acording to the author's opinion, institutional investors (from many participants of the capital market) play the main role, especially investment funds. They supply to small-sized investors special investment services, which allow them to participate in the investment process. However excessive institutialization and increasing number of hedge-funds may lead to financial crisis.

Construction of China’s Venture Exploration Capital Market

2019 ◽  
Vol 21 (1) ◽  
pp. 74
Author(s):  
Ying Li ◽  
Anjian Wang ◽  
Tianjiao Li
Keyword(s):  
Capital Market
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