This document provides contact information for professors and teaching assistants of the TASAS Finanzas II course. It includes emails and websites for each instructor. It also lists references and resources for the course, including recommended textbooks. The document outlines the course structure, assignments, and expectations for participation. Key topics to be covered are also listed, such as spot rates, forward rates, yield curves, and the theories of expectations, liquidity preference, and market segmentation.
In this issue of Math in the News we look at Treasury Bonds, Notes, and other securities, since these are primary means that the U.S. govt. uses to raise cash.
For more media resources, go to http://www.media4math.com.
In this issue of Math in the News we look at Treasury Bonds, Notes, and other securities, since these are primary means that the U.S. govt. uses to raise cash.
For more media resources, go to http://www.media4math.com.
Management of funds is a critical aspect of financial management. Management of funds acts as the foremost concern whether it is in a business undertaking or in an educational institution. Financial management, which is simply meant dealing with management of money matters.
Financial Management is efficient use of economic resources namely capital funds. Financial management is concerned with the managerial decisions that result in the acquisition and financing of short term and long term credits for the firm. Here it deals with the situations that require selection of specific assets, or a combination of assets and the selection of specific problem of size and growth of an enterprise. Herein the analysis deals with the expected inflows and outflows of funds and their effect on managerial objectives. In short, Financial Management deals with Procurement of funds and their effective utilization in the business.Management of funds is a critical aspect of financial management. Management of funds acts as the foremost concern whether it is in a business undertaking or in an educational institution. Financial management, which is simply meant dealing with management of money matters.
Financial Management is efficient use of economic resources namely capital funds. Financial management is concerned with the managerial decisions that result in the acquisition and financing of short term and long term credits for the firm. Here it deals with the situations that require selection of specific assets, or a combination of assets and the selection of specific problem of size and growth of an enterprise. Herein the analysis deals with the expected inflows and outflows of funds and their effect on managerial objectives. In short, Financial Management deals with Procurement of funds and their effective utilization in the business.
Management of funds is a critical aspect of financial management. Management of funds acts as the foremost concern whether it is in a business undertaking or in an educational institution. Financial management, which is simply meant dealing with management of money matters.
Financial Management is efficient use of economic resources namely capital funds. Financial management is concerned with the managerial decisions that result in the acquisition and financing of short term and long term credits for the firm. Here it deals with the situations that require selection of specific assets, or a combination of assets and the selection of specific problem of size and growth of an enterprise. Herein the analysis deals with the expected inflows and outflows of funds and their effect on managerial objectives. In short, Financial Management deals with Procurement of funds and their effective utilization in the business.
Management of funds is a critical aspect of financial management. Management of funds acts as the foremost concern whether it is in a business undertaking or in an educational institution. Financial management, Management of fund
QUESTION 1 ● When interest rate changes, the impact on a b.docxpoulterbarbara
QUESTION 1
● When interest rate changes, the impact on a bank’s earnings depends on the repricing of
their assets or liabilities.
2.
Loan A (7%, 1 year) = $100 Deposit A (2.5%, 3 months) = $250
Loan B (10%, 2 years) = $200 Deposit B (5%, 1 year) = $ 50
Total Assets = $300 Total Liabilities = $300
The net interest margin or spread
1
2
3
4
5
6
7
8
9
1
1 points
QUESTION 2
1. The average maturity of its assets is larger than that of its deposits, as is typical of most banks.
There is a
reinvestment
risk
re-finance
risk
re-pricing risk
default risk
1 points
QUESTION 3
1. The average duration of its assets is longer than that of its liabilities. There is a
reinvestment
risk
re-finance
risk
re-pricing risk
basis point
risk
1 points
QUESTION 4
1. If the loan interest rate adjusts every quarter and the deposit interest rate adjust every six
months, the risk of interest rate from the different frequencies of rate adjustments is called
Repricing
risk
yield -curve
risk
basis point
risk
default risk
1 points
QUESTION 5
1. If the loan interest rate is 4 % mark-up on the 6 month treasury bill and the deposit interest rate is
1% mark-up on the 3 month treasury bill, the risk of interest rate like this is called
Repricing
risk
yield -curve
risk
basis point
risk
default risk
1 points
QUESTION 6
1. Consider a bank that borrows $100 million in deposits at a floating rate of T-Bill plus 2% and
lends at LIBOR plus 4%. Both rates are reset semi-annually. Normally, both rates move together. Assume
the 3-month LIBOR rate was 3.40% and the 3-month T-Bill rate was 3.0% when the loan was disbursed.
The spread is given as follows
1
2
3
4
1 points
QUESTION 7
1. Assume a bank has the following balance sheet. Determine the 2-year GAP.
Asset Amou
n
t
Liability Amoun
t
Cash $100 90-day
CDs
$100
6-month
Gbo
nds
$400 360-day
CDs
$200
2-year
commer
cial
loans
$400 Time
Deposi
ts 2-
year
$900
5-year
fixed
rate
loan
s
$500 Stockholde
r’
s equity
$200
Total $1,40
0
Total $1,400
2.
GAP = (RSA2 yr – RSL2 yr)
0
-
-
-
-
1 points
QUESTION 8
1. Assume a bank has the following balance sheet. When both the deposit rate and loan rate
change by 2%, determine the 1-year net impact on net interest income (ΔNII)
Asset Amou
n
t
Liability Amoun
t
Cash $100 90-day
CDs
$100
6-month
Gbo
nds
$400 360-day
CDs
$200
2-year
commer
cial
loans
$400 Time
Deposi
ts 2-
year
$900
5-year
fixed
rate
loan
s
$500 Stockholde
r’
s equity
$200
Total $1,40
0
Total $1,400
2.
ΔNII = (RSA1-year – RSL1-year)* (.02)
1 points
QUESTION 9
1. Assume .
GEORGE MASON UNIVERSITYSchool of ManagementEMBA 703 Financia.docxbudbarber38650
GEORGE MASON UNIVERSITY
School of Management
EMBA 703 Financial Markets
Dr. Hanweck
Final Examination
Fall 2013
NAME: ___________________________________
G-code: _____________________________
Answer all questions. Place your answer to each question on a separate sheet of paper. Please write your name on the top left corner of each page. Document your answers and show your work. Read each question carefully and answer all parts. Try and answer something on each question. Your guess may turn out to be correct. The number in parentheses is the point weight for the question. Attach the exam to your answers.
(15)
1.(a)
Discuss various measures of capital market efficiency and how efficient capital markets contribute to the efficiency in the market for goods and services (including productive capital). As part of your discussion, consider the implications of the fact that the bulk of trading in capital markets is in outstanding securities and analyze the meaning of the terms "depth," "breadth," and "resiliency" as descriptions of capital markets. Include in your discussion the types of legislative and regulatory reforms that might be or have recently been instituted in order to improve the efficiency of capital markets and the role of "insider trading" and the SEC as they affect market efficiency.
(b)
Compare money and capital markets and identify the major issuers of securities in the different markets and the difference among the various types of securities within and between each of the markets. Within your discussion of the money markets include a consideration of the role of the Federal Reserve System (Fed) and the banking system as they interact through required reserve maintenance, needs for liquidity and monetary policy actions by the Fed. Consider in your analysis the types and significance of the links between the money and capital markets via the term structure of interest rates, issuers of debt and equity and the presence of interest rate and credit risk derivatives.
(10)
2. There are a number of theories of the term structure of interest rates including the unbiased expectations hypothesis, preferred habitat hypothesis, and market segmentation hypothesis. Discuss the implications of the unbiased expectations hypothesis within the context of the following problem. Problem 1: For a two year, default free, zero coupon security, compute its yield to maturity and draw the respective yield curves assuming two different expectations of inflation employing the Fisher Effect and the data below: (a) 4 percent one year from now, and (b) 2 percent one year from now. In addition, define and compute the implied forward yield on a one year security one year from now, assuming the current two year yield is 6.0 percent. Discuss the assumptions underlying this calculation and how it can be used to evaluate the implied forward yield on a 1-year loan, next year. (c) Wh.
DevOps and Testing slides at DASA ConnectKari Kakkonen
My and Rik Marselis slides at 30.5.2024 DASA Connect conference. We discuss about what is testing, then what is agile testing and finally what is Testing in DevOps. Finally we had lovely workshop with the participants trying to find out different ways to think about quality and testing in different parts of the DevOps infinity loop.
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
Accelerate your Kubernetes clusters with Varnish CachingThijs Feryn
A presentation about the usage and availability of Varnish on Kubernetes. This talk explores the capabilities of Varnish caching and shows how to use the Varnish Helm chart to deploy it to Kubernetes.
This presentation was delivered at K8SUG Singapore. See https://feryn.eu/presentations/accelerate-your-kubernetes-clusters-with-varnish-caching-k8sug-singapore-28-2024 for more details.
Let's dive deeper into the world of ODC! Ricardo Alves (OutSystems) will join us to tell all about the new Data Fabric. After that, Sezen de Bruijn (OutSystems) will get into the details on how to best design a sturdy architecture within ODC.
Epistemic Interaction - tuning interfaces to provide information for AI supportAlan Dix
Paper presented at SYNERGY workshop at AVI 2024, Genoa, Italy. 3rd June 2024
https://alandix.com/academic/papers/synergy2024-epistemic/
As machine learning integrates deeper into human-computer interactions, the concept of epistemic interaction emerges, aiming to refine these interactions to enhance system adaptability. This approach encourages minor, intentional adjustments in user behaviour to enrich the data available for system learning. This paper introduces epistemic interaction within the context of human-system communication, illustrating how deliberate interaction design can improve system understanding and adaptation. Through concrete examples, we demonstrate the potential of epistemic interaction to significantly advance human-computer interaction by leveraging intuitive human communication strategies to inform system design and functionality, offering a novel pathway for enriching user-system engagements.
Essentials of Automations: Optimizing FME Workflows with ParametersSafe Software
Are you looking to streamline your workflows and boost your projects’ efficiency? Do you find yourself searching for ways to add flexibility and control over your FME workflows? If so, you’re in the right place.
Join us for an insightful dive into the world of FME parameters, a critical element in optimizing workflow efficiency. This webinar marks the beginning of our three-part “Essentials of Automation” series. This first webinar is designed to equip you with the knowledge and skills to utilize parameters effectively: enhancing the flexibility, maintainability, and user control of your FME projects.
Here’s what you’ll gain:
- Essentials of FME Parameters: Understand the pivotal role of parameters, including Reader/Writer, Transformer, User, and FME Flow categories. Discover how they are the key to unlocking automation and optimization within your workflows.
- Practical Applications in FME Form: Delve into key user parameter types including choice, connections, and file URLs. Allow users to control how a workflow runs, making your workflows more reusable. Learn to import values and deliver the best user experience for your workflows while enhancing accuracy.
- Optimization Strategies in FME Flow: Explore the creation and strategic deployment of parameters in FME Flow, including the use of deployment and geometry parameters, to maximize workflow efficiency.
- Pro Tips for Success: Gain insights on parameterizing connections and leveraging new features like Conditional Visibility for clarity and simplicity.
We’ll wrap up with a glimpse into future webinars, followed by a Q&A session to address your specific questions surrounding this topic.
Don’t miss this opportunity to elevate your FME expertise and drive your projects to new heights of efficiency.
Builder.ai Founder Sachin Dev Duggal's Strategic Approach to Create an Innova...Ramesh Iyer
In today's fast-changing business world, Companies that adapt and embrace new ideas often need help to keep up with the competition. However, fostering a culture of innovation takes much work. It takes vision, leadership and willingness to take risks in the right proportion. Sachin Dev Duggal, co-founder of Builder.ai, has perfected the art of this balance, creating a company culture where creativity and growth are nurtured at each stage.
UiPath Test Automation using UiPath Test Suite series, part 3DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 3. In this session, we will cover desktop automation along with UI automation.
Topics covered:
UI automation Introduction,
UI automation Sample
Desktop automation flow
Pradeep Chinnala, Senior Consultant Automation Developer @WonderBotz and UiPath MVP
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
JMeter webinar - integration with InfluxDB and GrafanaRTTS
Watch this recorded webinar about real-time monitoring of application performance. See how to integrate Apache JMeter, the open-source leader in performance testing, with InfluxDB, the open-source time-series database, and Grafana, the open-source analytics and visualization application.
In this webinar, we will review the benefits of leveraging InfluxDB and Grafana when executing load tests and demonstrate how these tools are used to visualize performance metrics.
Length: 30 minutes
Session Overview
-------------------------------------------
During this webinar, we will cover the following topics while demonstrating the integrations of JMeter, InfluxDB and Grafana:
- What out-of-the-box solutions are available for real-time monitoring JMeter tests?
- What are the benefits of integrating InfluxDB and Grafana into the load testing stack?
- Which features are provided by Grafana?
- Demonstration of InfluxDB and Grafana using a practice web application
To view the webinar recording, go to:
https://www.rttsweb.com/jmeter-integration-webinar
JMeter webinar - integration with InfluxDB and Grafana
Tasas F2 2008
1. TASAS Finanzas II - LAE Alejandro M. SALEVSKY Juan M. CASCONE Pablo TECHERA Sabrina REY Adrián ECKER
2.
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5. BIBLIOGRAFIA Investments . William Sharpe, Gordon Alexander, J. Bailey. Prentice Hall. 6th Ed. Chapter 5: Page 108 - 138. Foundations of Financial Markets and Institutions . Frank Fabozzi, Franco Modigliani, Michael Ferri. Prentice Hall. 2nd Edition. ISBN 0-13-86056-7. Ch 12 The Term Structure of Interest Rates. Pg 223. Brealey & Myers . Chapter 23 Valuing Debt. ó Capítulo 21 Valoración de los diferentes tipos de deuda
24. CASO DE ACTUALIDAD S E C U R I T I Z A C I O N S A V N D G S D F G G H J K R E R F C V B F R T W Q S D S D S S U B P R I M E F I O Y A E R M T Y U B S D W Q A I A X A C B N S T R O S Q R C V B N F D E E W Q R T G A G T R S C D R E C E S I O N S W Q A S S V B T R E S O I V O N N F E R G B H Y T S D A X Z A Z A E T R T E F F V O J U I F G G K R E A L E S T A T E B U B B L E K L E E D E C V F S G S S D S A Q X C V B V H J U J I G B N H O H N Z G N M K J M T G R F E O E D S C S C V B V B H J N J U J B C A L I F I C A D O R A S T B T R F V F G B D C D X S X A Z Q E W E T Y U I Brainstorming y creación colaborativa de concepto
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