Volume 72 No. 3, September 2009 Contents
... The four largest banks in New Zealand have been accredited to operate as ‘internal models’ (IM) banks under the Basel II capital framework. Under this approach, banks are allowed to use their own models as a basis of determining their minimum capital requirements, subject to their models being accre ...
... The four largest banks in New Zealand have been accredited to operate as ‘internal models’ (IM) banks under the Basel II capital framework. Under this approach, banks are allowed to use their own models as a basis of determining their minimum capital requirements, subject to their models being accre ...
Financial equilibrium with career concerns
... In a related paper, Allen and Gorton (1993) present a model in which prices can diverge from fundamentals due to churning by portfolio managers. In their model, bad fund managers buy bubble stocks at prices above their known liquidation value in the hope of reselling them before they die—at even hig ...
... In a related paper, Allen and Gorton (1993) present a model in which prices can diverge from fundamentals due to churning by portfolio managers. In their model, bad fund managers buy bubble stocks at prices above their known liquidation value in the hope of reselling them before they die—at even hig ...
GLOBAL INSIGHT
... In the event that this is a compendium report (covers six or more companies), RBC Wealth Management may choose to provide important disclosure information by reference. To access current disclosures, clients should refer to http:// www.rbccm.com/GLDisclosure/PublicWeb/DisclosureLookup.aspx?EntityID= ...
... In the event that this is a compendium report (covers six or more companies), RBC Wealth Management may choose to provide important disclosure information by reference. To access current disclosures, clients should refer to http:// www.rbccm.com/GLDisclosure/PublicWeb/DisclosureLookup.aspx?EntityID= ...
EPZA Strategic Plan 2014-19 - Export Processing Zones Authority
... under and the African Growth and Opportunity Act (AGOA) and the Economic Partnership Agreement; and rising factor production costs and increased competition for global investment from other locations. It is against this background that the EPZA has embarked on the quest to develop this strategic pla ...
... under and the African Growth and Opportunity Act (AGOA) and the Economic Partnership Agreement; and rising factor production costs and increased competition for global investment from other locations. It is against this background that the EPZA has embarked on the quest to develop this strategic pla ...
studies and PERSPECTIves the caribbean
... 2010. There was also a slight increase in the external component of the debt for the Eastern Caribbean Currency Union ECCU area. Among the more heavily indebted countries are Jamaica and Saint Kitts and Nevis which have had to engage the International Monetary Fund (IMF) for balance of payments supp ...
... 2010. There was also a slight increase in the external component of the debt for the Eastern Caribbean Currency Union ECCU area. Among the more heavily indebted countries are Jamaica and Saint Kitts and Nevis which have had to engage the International Monetary Fund (IMF) for balance of payments supp ...
Green Budget - Institute for Fiscal Studies
... ago. The most significant issue – the uncertainty over the medium-term effects of the UK leaving the EU – remains. By providing an independent, evidence-based commentary on the economic choices and challenges that we face, this publication offers much-needed perspective for policymakers as well as t ...
... ago. The most significant issue – the uncertainty over the medium-term effects of the UK leaving the EU – remains. By providing an independent, evidence-based commentary on the economic choices and challenges that we face, this publication offers much-needed perspective for policymakers as well as t ...
Does Financial Constraint Affect Shareholder Taxes and the
... the percentage of investor ownership of a stock (individual investors and institutional investors) using data on shares outstanding and shares owned by different types of institutional investors. The data on the institutional investors’ ownership are obtained from their quarterly filings with the U. ...
... the percentage of investor ownership of a stock (individual investors and institutional investors) using data on shares outstanding and shares owned by different types of institutional investors. The data on the institutional investors’ ownership are obtained from their quarterly filings with the U. ...
PROSPECTUS SUN LIFE OF CANADA PROSPERITY DOLLAR
... The Company was organized and incorporated in order to engage in the sale of its shares of stock and in the investment of the proceeds of these sales in fixed income instruments denominated in US Dollars issued by the Philippine government, other major economies, or corporations operating therein. T ...
... The Company was organized and incorporated in order to engage in the sale of its shares of stock and in the investment of the proceeds of these sales in fixed income instruments denominated in US Dollars issued by the Philippine government, other major economies, or corporations operating therein. T ...
research paper series Research Paper 2007/16
... The existing empirical literature on sources of financing and level of investment has tended to focus on the effects of a particular type of investment. A specific issue addressed is whether FDI crowds-in or crowds-out domestic investment in a developing country. Agosin and Mayer (2000) investigate ...
... The existing empirical literature on sources of financing and level of investment has tended to focus on the effects of a particular type of investment. A specific issue addressed is whether FDI crowds-in or crowds-out domestic investment in a developing country. Agosin and Mayer (2000) investigate ...
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... (1998) show that enforcement has been ineffective. This has adversely affected the development of financial markets because investors tend to shy away from financing firms if the legal framework does not protect their interests and rights (La Porta et al., 2000). Debt financing through banking instituti ...
... (1998) show that enforcement has been ineffective. This has adversely affected the development of financial markets because investors tend to shy away from financing firms if the legal framework does not protect their interests and rights (La Porta et al., 2000). Debt financing through banking instituti ...
NBER WORKING PAPER SERIES COST OF EQUITY CAPITAL?
... the percentage of investor ownership of a stock (individual investors and institutional investors) using data on shares outstanding and shares owned by different types of institutional investors. The data on the institutional investors’ ownership are obtained from their quarterly filings with the U. ...
... the percentage of investor ownership of a stock (individual investors and institutional investors) using data on shares outstanding and shares owned by different types of institutional investors. The data on the institutional investors’ ownership are obtained from their quarterly filings with the U. ...
An investor`s guide to purchasing mutual funds and 529
... Other ways to reduce mutual fund sales charges In addition to taking advantage of breakpoints (described on page 2), there are other ways to invest in mutual funds that offer the ability to reduce or eliminate sales charges. Exchanges. When you sell shares in a mutual fund and use the proceeds to bu ...
... Other ways to reduce mutual fund sales charges In addition to taking advantage of breakpoints (described on page 2), there are other ways to invest in mutual funds that offer the ability to reduce or eliminate sales charges. Exchanges. When you sell shares in a mutual fund and use the proceeds to bu ...
Executive Summary - Baylor University
... about turning the company around. His energy should inspire others to accept this change. Also, if managers do not support this strategy, they send a negative message about their current belief in the value of the firm. If they don’t believe the company can be turned around, Newell should seek new m ...
... about turning the company around. His energy should inspire others to accept this change. Also, if managers do not support this strategy, they send a negative message about their current belief in the value of the firm. If they don’t believe the company can be turned around, Newell should seek new m ...
Liquidity stress testing
... • Source of liquidity iff explicitly designed for that purpose • Averaging period no sufficient condition for inclusion in CBC • Subordinate other creditors of the bank (i.e. the deposit ...
... • Source of liquidity iff explicitly designed for that purpose • Averaging period no sufficient condition for inclusion in CBC • Subordinate other creditors of the bank (i.e. the deposit ...
Herd Behaviour and Cascading in Capital Markets: a Review and
... individuals are not ex ante identical, then the arrival of an individual with deviant information or preferences can dislodge a cascade. Third, the occurrence of a cascade requires that individual do not receive an arbitrarily precise signal — likelihood ratios must be finitely bounded (on all these ...
... individuals are not ex ante identical, then the arrival of an individual with deviant information or preferences can dislodge a cascade. Third, the occurrence of a cascade requires that individual do not receive an arbitrarily precise signal — likelihood ratios must be finitely bounded (on all these ...
private wealth and charitable planning seminar
... fixed income investments.29 Furthermore, trustees were faced with a substantial reduction in blue-chip stock dividends.30 In fact, in today’s marketplace many of the leading corporations have gotten away from the tax inefficient corporate dividend and have opted to reinvest profits in the growth of ...
... fixed income investments.29 Furthermore, trustees were faced with a substantial reduction in blue-chip stock dividends.30 In fact, in today’s marketplace many of the leading corporations have gotten away from the tax inefficient corporate dividend and have opted to reinvest profits in the growth of ...
UNIVERSITY OF CALIFORNIA Los Angeles Financial Frictions in
... between borrowers and lenders in the business cycles, and second, I study the role of imperfect enforcement in financial contracts on a typical country’s trade and growth patterns. In Chapter 1, I show how asymmetric information problems between banks and firms can be responsible for producing endog ...
... between borrowers and lenders in the business cycles, and second, I study the role of imperfect enforcement in financial contracts on a typical country’s trade and growth patterns. In Chapter 1, I show how asymmetric information problems between banks and firms can be responsible for producing endog ...
Pricing Flood Insurance - Resources for the Future
... flood zone, building elevation, and type of basement. In 2008, the Government Accountability Office (GAO) raised concerns that some of the data used in this modeling were outdated or inaccurate. FEMA has been updating FIRMs and making other improvements, but certain items, such as probability estima ...
... flood zone, building elevation, and type of basement. In 2008, the Government Accountability Office (GAO) raised concerns that some of the data used in this modeling were outdated or inaccurate. FEMA has been updating FIRMs and making other improvements, but certain items, such as probability estima ...
Pathways PDS - North Online
... them with information to assist them in making a decision about instructing the platform operator to invest in the Funds on their behalf. The platform operators are unitholders in the Funds; their rights differ from the rights of indirect investors, who are not unitholders (see the ‘Other important ...
... them with information to assist them in making a decision about instructing the platform operator to invest in the Funds on their behalf. The platform operators are unitholders in the Funds; their rights differ from the rights of indirect investors, who are not unitholders (see the ‘Other important ...
Chapter 02 - Test bank
... contingent liability that is still subject to the outcome of a court decision. The case is still ongoing but it is expected that a decision will be made after three months. The deadline for submitting the financial reports is next month. Which action is consistent with the notion of ‘timeliness' in ...
... contingent liability that is still subject to the outcome of a court decision. The case is still ongoing but it is expected that a decision will be made after three months. The deadline for submitting the financial reports is next month. Which action is consistent with the notion of ‘timeliness' in ...
Wyndham Vacation Ownership
... Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Wyndham Worldwide to be materially different from any future results, performance or achievements expressed or implied by such forward-l ...
... Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Wyndham Worldwide to be materially different from any future results, performance or achievements expressed or implied by such forward-l ...
Automatic Annuitization: New Behavioral Strategies for Expanding
... years. Equally important, but often an afterthought, is how they use it. Traditionally, the most complete solution to this problem has been to protect retirees from outliving their assets through the use of guaranteed lifetime income, ...
... years. Equally important, but often an afterthought, is how they use it. Traditionally, the most complete solution to this problem has been to protect retirees from outliving their assets through the use of guaranteed lifetime income, ...
Quantifying Liquidity and Default Risks of Corporate Bonds over the
... to capture the interactions between the two components. Such interactions give rise to the endogenous liquidity, which helps explain two general empirical patterns for the liquidity of corporate bonds: (1) corporate bonds with higher credit ratings tend to be more liquid; (2) corporate bonds are les ...
... to capture the interactions between the two components. Such interactions give rise to the endogenous liquidity, which helps explain two general empirical patterns for the liquidity of corporate bonds: (1) corporate bonds with higher credit ratings tend to be more liquid; (2) corporate bonds are les ...
SEK 75m 4% SEK 62m SEK 0.44
... operating margin of only 4% in the fourth quarter. Operating profit was affected by a periodic maintenance shutdown in Gruvön, market-related production shutdowns, a 4% price reduction for packaging paper and an additional fall in pulp prices. Despite this, we are delivering a very strong result for ...
... operating margin of only 4% in the fourth quarter. Operating profit was affected by a periodic maintenance shutdown in Gruvön, market-related production shutdowns, a 4% price reduction for packaging paper and an additional fall in pulp prices. Despite this, we are delivering a very strong result for ...
Q1 2017 Presentation
... from third parties. Although RenoNorden believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its ...
... from third parties. Although RenoNorden believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its ...