Objetivo My research will consist of three theoretical papers focusing on the allocation of liquidity and interest rate risks of commercial banks. Investors are exposed to liquidity risk when the timing of their consumption needs is unknown and to interest rate risk when future markets interest rates are uncertain. The topics and expected results of the papers are: 1- Liquidity risk sharing, financial intermediation and capital markets: the role of banks as providers of liquidity and insurance is shown to be superior to the single liquidity feature of the capital markets. 2- Interest risk and commercial banks: the bank's shareholders face a trade-off between hedging interest rate risk in order to keep outside funds from risk-averse depositors and speculating to profit from expected movements in interest rates. 3- Interest rate risk, proprietary trading and banks cost of capital where I will determine the rate of return required by shareholders on their investement when their bank is engaging in proprietary trading and taking interest rate risk. Programa(s) FP4-TMR - Specific research and technological development programme in the field of the training and mobility of researchers, 1994-1998 Tema(s) 0302 - Post-doctoral research training grants TS05 - Financial Sciences Convocatoria de propuestas Data not available Régimen de financiación RGI - Research grants (individual fellowships) Coordinador London Business School Aportación de la UE Sin datos Dirección Sussex Place Regent's Park NW1 4SA London Reino Unido Ver en el mapa Coste total Sin datos Participantes (1) Ordenar alfabéticamente Ordenar por aportación de la UE Ampliar todo Contraer todo Not available Francia Aportación de la UE Sin datos Dirección Ver en el mapa Coste total Sin datos
