Is Long-term Shareholder Value a Relevant Objective for Asset Liability Management?
Göran Bergendahl
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Göran Bergendahl: Göteborg University
Chapter 6 in Shareholder Value Management in Banks, 2000, pp 96-109 from Palgrave Macmillan
Abstract:
Abstract Asset and liability management (ALM) is usually viewed as the principles and the practice of controlling an organization through its balance sheet. Up to present time these techniques have mainly been used by banks in order to protect their balance sheets for unexpected movements of market interest rates. However, financial regulatory agencies have also shown an interest in using ALM in order to control the risk exposures of banks and other financial organizations.
Keywords: Interest Rate; Balance Sheet; Credit Risk; Market Risk; Market Rate (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-333-98174-0_6
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DOI: 10.1057/9780333981740_6
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