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Full-Text Articles in Economics
Stochastic Modeling Of Retail Mortgage Loans Based On Past Due, Prepaid, And Default States, Chang Liu
Stochastic Modeling Of Retail Mortgage Loans Based On Past Due, Prepaid, And Default States, Chang Liu
Doctoral Dissertations
Stochastic models were developed that provide important measures related to retail mortgages and credit cards for the management of a bank. Based on Markov theory, two models were developed that predict mortgage portfolio size and expected duration of stay in each of the states, which are defined according to the criteria of Basel Accord II and the Federal Reserve Bank. Also, to facilitate comparisons among different types of credit products and different time periods, a model was developed to generate a health index for a retail mortgage. This model could be easily extended, using multivariate regression or multivariate time series …
The Federal Reserve System, Dan Gaske
The Federal Reserve System, Dan Gaske
Honors Theses
The Federal Reserve System, a little over fifty years old, is now the dominant force in the monetary policy of our nation's economy. Through its use of the reserve requirements, discount rate and other methods, the Federal Reserve System can greatly control the mood and pace of the economy. The 'Fed', as the system is called, has over 6,750 member banks, and has over eighty-five percent of the nation's demand deposits in its vaults. However, despite this great size and the fact that almost every time a person writes a check, he is using the Federal Reserve System, the 'Fed' …