The focus of this paper is to provide an analytical framework which can be used to investigate how financial risks affect the values of interconnected supply chain firms from a network perspective, and how financial risks affect the supply chain firms’ profitability as well as the cash and credit transactions. In particular, we develop a variational inequality equilibrium model in conjunction w...

Credit scoring model is an important tool for assessing risks in financial industry, consequently the majority of financial institutions actively develops credit scoring model on the credit approval assessment of new customers and the credit risk management of existing customers. Nonetheless, most past researches used the one-dimensional credit scoring model to measure customer risk. In this st...

Abstract I analyse the effects of two macroprudential policy measures implemented in Switzerland: activation countercyclical capital buffer (CCyB) and a cap on loan-to-value (LTV) ratios. use difference-in-differences method to estimate these risk indicators, such as their LTV loan-to-income (LTI) ratios mortgage growth rates. find that both CCyB led reduction high mortgages. The banks affected...

As life becomes more and more convenient with all sorts of high-techs around, traveling has become more and more popular. Travelers nowadays can choose to use either common metallic/paper currency or credit cards to pay their bills. However, money in pockets or wallets/purses is subject to being robbed of, while credit cards are at the risk of being cloned. The traveler’s check, which is a thir...

This paper studies fund flows and risk allocation decisions among prime money market funds (MMFs) during the 2011–2012 eurozone crisis. We exploit much more granular measures of fund credit risk and investor sophistication than previously employed in the literature. Empirically, we find that funds with greater credit risks experienced larger outflows during the eurozone crisis. This effect was ...