On matching book: a problem in banking and corporate finance

Article Abstract:

The matching problem that a bank faces arises from the role it plays as an intermediary that manages financial instruments from both the asset and liability markets. This bank matching problem essentially revolves around the bank's need to effectively structure the terms of the various instruments it holds in the asset and liability markets. Two models for this bank matching book problem are presented. The first model involves a case when lending and borrowing are limited to the short-term, while the second model involves a case when lending may be short- or long-term, though borrowing is still limited to the short-term.

DEPOSITORY INSTITUTIONS, Research, Banking industry, Management, Bank management

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Comment on 'The Confusion of IS and OUGHT in Game Theoretic Contexts.'

Article Abstract:

In the behavioral sciences in general not enough attention has been paid to the problems of model building and validation. Many shades of the 'is' and 'ought' distinction have already been selected in the initial assumptions concerning the model. A valuable dynamic positive theory useful for prediction in economics and elsewhere is needed. We are some distance from completing a program to obtain a reasonably complete and adequate static theory before concentrating on dynamics.

Game theory, Decision theory, Models, Management Science, Decision Making, Theory, Bayesian Theory

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What is an application and when is theory a waste of time?

Article Abstract:

Science attempts to understand the universe and humankind awaits the results. Life must be throughly examined on its own terms. Mathematical solutions may sometimes contain answers, but management science as a discipline requires more. Theories are fine, but must apply to and fit a particular context. Theorizing for its own sake creates only a club for theorists.

Usage, Beliefs, opinions and attitudes, Philosophy

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