and during the crisis derivative assets rose significantly, led by an increase in interest rate derivatives with further growth in credit and foreign exchange derivatives. The global falls in interest rates resulted in significant gaps between the fixed and floating legs of interest rate swaps. Widening credit spreads and increasing market volatility caused mark-to-market increases in the value o
spread use of a currency outside of its original country. The level of currency internationalization for a currency is determined by the demand other countries have for that currency. This depends on the amount of business that is performed between the countries and the perceived value of the currency as a good store value. So, the currency internationalization means that the national currency de
II. What Are Credit Derivatives?
Derivatives are defined as the exchange or contract which has economic values deriving from the reference assets or index. According to their types, there are overall forward, future, option, andswap. Derivatives are the financial derivatives, which are enabled to trade in the market while consisting of separating the credit risk only to the holder of basic p
Ⅰ. Introduction of our project
Our group choose airline industry among many other industry areas because our members thought that airlines industry would be going to be bigger and activated as the globalization is emphasized more and more these days. In addition, as the specialists of hospitality industry management we think that conducting the research on airline industry would be a great
1. What is the "Hedge Fund"
1.1 What is Hedge Fund?
1.1.1 Definition of the "Hedge Fund"
1) What is a hedge fund?
"Hedge fund" is a general, non-legal term that was originally used to describe a type of private and unregistered investment pool that employed sophisticated hedging and arbitrage techniques to trade in the corporate equity markets. Hedge funds have traditionally been limited t