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Investing in Real Estate: Mortgage Financing Practices and Optimal Holding Period
2005
Social Science Research Network
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In the presence of market imperfections, an optimal holding period exists for real property investments. ...
We provide a simple rule to calculate the optimal holding period is to compare the required rate of return with the leveraged rate of return on equity. ...
The main result on the optimal holding period is presented in Proposition 1. ...
doi:10.2139/ssrn.662102
fatcat:sne2jza7qndqrgxwa2nd67gofi
Optimal Interest Rates in Cooperative Banks with Non-member Customers
2014
Journal of Entrepreneurial and Organizational Diversity (JEOD)
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The optimal rates also depend on the discount rates and share of loans (deposits) retired every period. Remark 2. ...
The optimal rates also depend on the discount rates and share of loans (deposits) retired every period. Remark 2. ...
Optimal Interest Rates in Cooperative Banks with Non-member Customers Catturani, I.; Venkatachalam, R. www.jeodonline.com ...
doi:10.5947/jeod.2014.009
fatcat:eknr74yzxzgarimfpwgby6vsjy
Conditional Lending Under Altruism
2004
IMF Working Papers
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If the IFI is unable to commit to repayment terms in advance, conditional loans are superior to unconditional loans. ...
We study IFI loans to a credit-constrained LIC. ...
In the first period the IFI and the LIC choose optimal loan and investments levels, given the optimal repayment policy in the second period. ...
doi:10.5089/9781451852431.001
fatcat:5nnqkcx2zfhbdlsz7mu3fqomci
Strategic loan modification: An options-based response to strategic default
2013
Journal of Banking & Finance
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The optimal trade-off of these two countervailing effects will pinpoint the optimal LTV at which the loan must be reset. ...
We present a reduced-form barrier option decomposition of the loan value that makes the optimization of LTV easy to implement. ...
erent periods, thereby allowing the modeler to determine the optimal loan modication under various future price assumptions in the housing markets. ...
doi:10.1016/j.jbankfin.2012.10.003
fatcat:35e67ciagjcx5eb4bzkwfhc6pu
Strategic Loan Modification: An Options- Based Response to Strategic Default
2011
Social Science Research Network
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The optimal trade-off of these two countervailing effects will pinpoint the optimal LTV at which the loan must be reset. ...
We present a reduced-form barrier option decomposition of the loan value that makes the optimization of LTV easy to implement. ...
erent periods, thereby allowing the modeler to determine the optimal loan modication under various future price assumptions in the housing markets. ...
doi:10.2139/ssrn.1814239
fatcat:h6thp5qebfcr7a7xxofyoyqb2q
OPTIMIZATION OF INVESTMENT STRATEGY FOR THE ACQUISITION OF MEANS OF MECHANIZATION
2022
RURAL DEVELOPMENT 2019
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means without and with the limitation of credit resources and the time of loan repayment. ...
The comparison of NPV values of individual variants of optimization models documents the logical consequences of the gradual optimization of plant and animal production, the time of acquisition of mechanization ...
The implementation of the optimal loan repayment period is based on the results of the Optimization of mechanized security option with a limited loan amount, while the loan conditions are the same as in ...
doi:10.15544/rd.2021.071
fatcat:xdwhdf2tjzbxhbqjp7vevtjz6m
Developing a two-stage multi-period stochastic model for asset and liability management: A real case study in a commercial bank of Iran
2022
Scientia Iranica. International Journal of Science and Technology
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Real data for a commercial bank in Tehran, the Islamic Republic of 2 Iran capital, are used to construct and check the optimization model. ...
This paper develops a novel two-stage multi-period stochastic model to obtain a comprehensive plan. This plan aims to manage the assets and liabilities to satisfy all legal and budget constraints. ...
The followings are the main decision variables in the proposed model, which should be optimally determined: 1) the amount of cash reserved in each period, 2) the amount of loans issued with different maturities ...
doi:10.24200/sci.2022.56870.4951
fatcat:getawt7brnaoxpmfttbrj5n6lu
Page 566 of The Journal of Business Vol. 74, Issue 4
[page]
2001
The Journal of Business
Preserved Fulltext
The Internet Archive has digitized a microfilm copy of this work. It may be possible to borrow a copy for reading.
Journal of Business
= balance of loan m in period i, = interest rate on loan m in period i, and = financial slack in loan m in period i. ...
Marginal revenue for period i is set equal to marginal cost for period i, and these equations are solved for the optimal output in each period. ...
A behavioral model of simultaneous borrowing and saving
2016
Oxford Economic Papers
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The combination of savings and a loan generates incentives for future selves to invest optimally, by creating a new punishment for over-consumption. ...
W 1 Rl Period 2 utility if period 0 takes a loan As l rises, period 1's marginal benefit of saving relative to marginal cost of saving increases with loan size. ...
The optimal pure-saving or pure-borrowing strategy yields a utility that is lower than the true optimal by some amount D, which is given by: D = U best − max {U loan , U save } There is a lower bound on ...
doi:10.1093/oep/gpw021
fatcat:gibvuna7xfcuhn2qeacc2b3wcu
Two Optimization Problems of a Continuous-in-Time Financial Model
2018
Journal of Mathematical Finance
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The second problem consists, from given loan, saving and withdrawal schemes, to finding optimal variants of them. ...
Sundaresan surveys and assesses the development of continuous-in-time methods in finance during the period between 1970 and 2000. ...
Optimal loan opt E κ and the optimal time opt θ obtained for given. repayment pattern γ, objectives c and current spending g σ . ...
doi:10.4236/jmf.2018.81003
fatcat:rcl2x3kh3bbblmi6c2ttxy4tv4
Interest Rates and Information
2004
Manchester School
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We study the e¤ects of interest rates on information in a two-period setting and characterize the optimal interest rates structure in a customer relationship. ...
In particular, we show that the bank will charge the same interest rate in the two periods, and that this rate never exceeds the rate the bank would charge in a one-period setting. ...
In the second period, the optimal lending order calls for the bank to make a loan proposal to the new young individuals prior to the old unsuccessful borrower.
Proof. ...
doi:10.1111/j.1467-9957.2004.00414.x
fatcat:ng2lyv6zj5garavqzxvjrd3jbe
Municipal bond insurance, capital regulation and optimal bank interest margin: an option-based optimization
2006
Journal of Statistics & Management Systems
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Under the negative(positive) elasticity effect, both the optimal loan and deposit rates are positively related to the cost of the municipal bond insurance (the capital regulation). ...
We argue that municipal bond insurance and capital regulation can add/deduct the optimal bank interest margins (and thus bank profits). ...
The initial loanable funds are invested in risky loans with an unspecified maturity greater than one period. ...
doi:10.1080/09720510.2006.10701214
fatcat:o6gngx4aijgotkugebbrfmh7au
A Dynamic Model of Functioning of a Bank
[article]
2015
arXiv
pre-print
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Dynamic programming makes sure that the solutions obtained are globally optimal and numerically stable. ...
The optimization process is set up as a discrete multi-stage decision process and solved with the help of dynamic programming. ...
An increase in demand for bank loans, increases the interest rates. 3. Loan percentage and borrowing period are inversely related. ...
arXiv:1511.01529v1
fatcat:td36rmhu7jdd3gtzauvctbigf4
Deposit Insurance, Bank Incentives, and the Design of Regulatory Policy
1998
Social Science Research Network
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b One-period systematic risk (standard deviation) for loan
.
c One-period nonsystematic (idiosyncratic) risk for loan
.
d systematic risk is 1,
, and
.05 is the risk-free rate. ...
Table 1 1 ALTERNATIVE LOAN OPPORTUNITY SETS Total risk for loan i (one-period return standard deviation), . e NPV is calculated using the expression in endnote 10, where the market price of Loan
Number ...
The initial value of loan is , where is the market price of risk and the one-period risk-free rate. For positive NPV loans, . 11. ...
doi:10.2139/ssrn.102148
fatcat:zc5i5irdbvc7pbihbqtpunsif4
Repayment versus Investment Conditions and Exclusivity in Lending Contracts
2011
Journal of Institutional and Theoretical Economics
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The optimal conditionality contract depends on exclusivity -the likelihood that a borrower who has been denied funds from the original lenders can access funds from other lenders. ...
Typically, banks condition future loans on repayments of earlier obligations whilst international organizations (official lenders) condition future loans on the implementation of some policy action ('investment ...
a new loan in the second period. ...
doi:10.1628/093245611796589915
fatcat:mn73fprvnrdtpdmup46bo7hsem
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