What are the key considerations for building a mature space exploration and aerospace industry?

Rollover Risk and the Maturity Transformation Function of Banks ... This paper shows that banks that rely heavily on short-term funding engage less in maturity ... The banks' maturity transformation give rise to liquidity risks. A central component of a bank's operations is borrowing money at short‐term maturities and ... Mar 19, 2018 ... ... maturity transformation (higher yielding long term assets funded by ... maturity transformation without taking any credit risk at all ... Mar 16, 2011 ... banks, into the non-bank intermediation channel, with MMMFs performing large scale maturity transformation, with hedge funds employing leverage,. We show that maturity transformation does not expose banks to interest rate risk - it hedges it. The reason is the deposit franchise, which allows banks to ... Oct 5, 2018 ... Maturity transformation is inherently linked to the liquidity creation function performed by banks. BUT creates a maturity mismatch (MM) ... Jul 18, 2024 ... We find that depositors pay a significant cost for the liquidity provided by bank deposits. This cost is strongly related to the amount of ... Feb 15, 2021 ... Our results show that by actively matching the sensitivities of their income and expense, banks are largely insulated from this effect. Banks' ... Feb 5, 2024 ... Maturity transformation is the essential economic function of banks and other intermediaries, which enables both borrowers and investors to meet ... Digital transformation goes beyond the implementation of technologies. It requires a new mindset and culture to embrace change and experiment while adopting ...