Financial Innovation: The Bright and the Dark Sides
... through which financial innovative activity influences banks’ business decisions, which in turn affect the level of growth and output volatility. Before proceeding, we would like to address some potential concerns readers might have with our approach and findings. First, there is a concern that our ...
... through which financial innovative activity influences banks’ business decisions, which in turn affect the level of growth and output volatility. Before proceeding, we would like to address some potential concerns readers might have with our approach and findings. First, there is a concern that our ...
Modelling the Macroeconomic Impact of Lowering
... to an equilibrium characterised by balanced growth. By 2027/28 trade is close to balanced and industry investment-capital ratios and rates of return have converged substantially to their longrun levels. The policy simulation comprises the baseline simulation plus the changes in policy variables of i ...
... to an equilibrium characterised by balanced growth. By 2027/28 trade is close to balanced and industry investment-capital ratios and rates of return have converged substantially to their longrun levels. The policy simulation comprises the baseline simulation plus the changes in policy variables of i ...
NATIONAL STEEL CO (Form: 6-K, Received: 12/14/2016
... 1,152,677,280.33 for the statutory reserve for working capital and investments. Should the proposal above be accepted, the difference between the net income approved at the AGO 2016 and the new net income calculated in the Restated Financial Statements, in the amount of R$ 359,896,633.51, will be re ...
... 1,152,677,280.33 for the statutory reserve for working capital and investments. Should the proposal above be accepted, the difference between the net income approved at the AGO 2016 and the new net income calculated in the Restated Financial Statements, in the amount of R$ 359,896,633.51, will be re ...
Meaning of Holding Company
... Revaluation of Assets and Liabilities At the time of acquiring shares in a subsidiary it is usual for the holding company to revalue the assets and liabilities of the subsidiary in order to arrive at a fair price to be paid for the shares. If the altered values are not taken in the books of subsidi ...
... Revaluation of Assets and Liabilities At the time of acquiring shares in a subsidiary it is usual for the holding company to revalue the assets and liabilities of the subsidiary in order to arrive at a fair price to be paid for the shares. If the altered values are not taken in the books of subsidi ...
Developing a strong risk appetite program
... • Result rationalization. It would be naive to believe the process described above will produce consistent results in all cases. After all, there is a natural and healthy tension between growth and risk management. As a solution, some banks have created or tasked an independent subcommittee consist ...
... • Result rationalization. It would be naive to believe the process described above will produce consistent results in all cases. After all, there is a natural and healthy tension between growth and risk management. As a solution, some banks have created or tasked an independent subcommittee consist ...
summary note
... might, under the national legislation of Malta, have to bear the costs of translating the Prospectus before legal proceedings are initiated; and Civil liability attaches only to those persons who have tabled the summary including any translation thereof, and who applied for its notification, but onl ...
... might, under the national legislation of Malta, have to bear the costs of translating the Prospectus before legal proceedings are initiated; and Civil liability attaches only to those persons who have tabled the summary including any translation thereof, and who applied for its notification, but onl ...
system of indicators for barbados
... time of the evaluation. A DDI greater than 1.0 reflects the country’s inability to cope with extreme disasters even by going into as much debt as possible. The greater the DDI, the greater the gap. Also, an estimation of a complementary indicator, DDI’CE has been made, to illustrate the portion of a ...
... time of the evaluation. A DDI greater than 1.0 reflects the country’s inability to cope with extreme disasters even by going into as much debt as possible. The greater the DDI, the greater the gap. Also, an estimation of a complementary indicator, DDI’CE has been made, to illustrate the portion of a ...
CHAPTER 1: ECONOMICS AND ECONOMIC REASONING
... The person who gains the kidney benefits if it works when transplanted into his or her body, and will no longer have the emotional and financial burden of dialysis. The person selling the kidney gains the $30,000. Their gains will also have impacts on others (their families, for example). Both parti ...
... The person who gains the kidney benefits if it works when transplanted into his or her body, and will no longer have the emotional and financial burden of dialysis. The person selling the kidney gains the $30,000. Their gains will also have impacts on others (their families, for example). Both parti ...
FEMIP - The Potential of Mesofinance for Job Creation in
... to be reluctant to engage in this sector. As a result SME lending represents only a small share of total bank lending to the private sector: 13% on average in the MENA region, much less than what would be socially desirable and commercially viable12. The causes are various: banks prefer collateral-b ...
... to be reluctant to engage in this sector. As a result SME lending represents only a small share of total bank lending to the private sector: 13% on average in the MENA region, much less than what would be socially desirable and commercially viable12. The causes are various: banks prefer collateral-b ...
BIS 85th Annual Report - June 2015
... III.3 Resource misallocations from credit booms hold back productivity growth . . . . . III.4 Ageing will weigh on public debt and growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . III.5 GDP, credit and capital inflows in EMEs . . . . . . . . . . . . . . . . . . . . . . . . . . ...
... III.3 Resource misallocations from credit booms hold back productivity growth . . . . . III.4 Ageing will weigh on public debt and growth . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . III.5 GDP, credit and capital inflows in EMEs . . . . . . . . . . . . . . . . . . . . . . . . . . ...
Financial liberalization, financial development and economic growth
... of liberalization regarding external finance, while this study exclusively focuses on the earlier which is termed domestic/internal financial liberalization. Financial sectors of developing countries were known to be characterized by unsound financial institutions with deficient prudential regulatio ...
... of liberalization regarding external finance, while this study exclusively focuses on the earlier which is termed domestic/internal financial liberalization. Financial sectors of developing countries were known to be characterized by unsound financial institutions with deficient prudential regulatio ...
ALLOCATING FOR IMPACT - Global social impact investment
... both investors and policymakers do just that. In Chapter 1, we describe the various features that make impact investment an attractive proposition, for both governments and investors. In Chapter 2, we clarify the various terms used in the market and position the investment choices available. This ch ...
... both investors and policymakers do just that. In Chapter 1, we describe the various features that make impact investment an attractive proposition, for both governments and investors. In Chapter 2, we clarify the various terms used in the market and position the investment choices available. This ch ...
CHAPTER 7
... 1. The schedule of creditors was understated by $800 due to error in addition. 2. The balance of a debtor was left out of the schedule of debtors in error, $36. 3. The total of the accounts payable column in the cash payments journal is overstated by $300 because of an addition error. 4. $160 owed b ...
... 1. The schedule of creditors was understated by $800 due to error in addition. 2. The balance of a debtor was left out of the schedule of debtors in error, $36. 3. The total of the accounts payable column in the cash payments journal is overstated by $300 because of an addition error. 4. $160 owed b ...
chapter 1 - MM 27 Unsoed
... Which of the following statements is most correct? a. The proper goal of the financial manager should be to maximize the firm’s expected cash flow, because this will add the most wealth to each of the individual shareholders (owners) of the firm. b. One way to state the decision framework most usefu ...
... Which of the following statements is most correct? a. The proper goal of the financial manager should be to maximize the firm’s expected cash flow, because this will add the most wealth to each of the individual shareholders (owners) of the firm. b. One way to state the decision framework most usefu ...
Financial Crises and Financial Dependence
... To preview our main result, we find that in well-developed and deep financial systems, sectors highly dependent on external finance tend to experience a greater contraction of value added during a crisis than do externally dependent sectors in countries with shallower financial systems. Our proxy f ...
... To preview our main result, we find that in well-developed and deep financial systems, sectors highly dependent on external finance tend to experience a greater contraction of value added during a crisis than do externally dependent sectors in countries with shallower financial systems. Our proxy f ...
Financial Stability Oversight Council: A Framework to Mitigate
... 6. Evaluation of rules for consumer financial protection. The FSOC may set aside some financial regulations for consumers if the rules might cause systemic risk, under certain circumstances. ...
... 6. Evaluation of rules for consumer financial protection. The FSOC may set aside some financial regulations for consumers if the rules might cause systemic risk, under certain circumstances. ...
The Impact of Higher Interest Rates on the Cost of Servicing
... announced by the federal and provincial governments is that interest rates are at historically low levels. A return to more normal levels would jeopardize promises for balanced budgets or surpluses and increase the proportion of revenues spent on debt interest payments (the “interest bite”). More re ...
... announced by the federal and provincial governments is that interest rates are at historically low levels. A return to more normal levels would jeopardize promises for balanced budgets or surpluses and increase the proportion of revenues spent on debt interest payments (the “interest bite”). More re ...
Taxonomy Process
... • Presentation or disclosure of information requirements in consequential changes may be suboptimal for Taxonomy ...
... • Presentation or disclosure of information requirements in consequential changes may be suboptimal for Taxonomy ...
Global Fixed Income
... the changing risk profile of the market the index is designed to represent. The Statistics Universe membership is defined by applying the security eligibility rules daily and setting constituent weights based on daily closing prices. The Statistics Universe captures new issuance, removes securities ...
... the changing risk profile of the market the index is designed to represent. The Statistics Universe membership is defined by applying the security eligibility rules daily and setting constituent weights based on daily closing prices. The Statistics Universe captures new issuance, removes securities ...
Using Cash Flow Dynamics to Price Thinly Traded Assets
... methodology constitutes an approximation for equity prices, it holds exactly for bond prices. The above equation can be estimated through a VAR system that contains the three state variables δ, r, and ∆d. The one-lag version of this VAR system can be written as follows: ...
... methodology constitutes an approximation for equity prices, it holds exactly for bond prices. The above equation can be estimated through a VAR system that contains the three state variables δ, r, and ∆d. The one-lag version of this VAR system can be written as follows: ...
Firm Productivity, Innovation, and Financial Development
... China and India—to the reallocation of inputs from low to high-productivity sectors. Why would financial development be important for growth? Overall, the literature suggests that a well-functioning financial system encourages competition, reduces the cost of capital and allocates capital efficientl ...
... China and India—to the reallocation of inputs from low to high-productivity sectors. Why would financial development be important for growth? Overall, the literature suggests that a well-functioning financial system encourages competition, reduces the cost of capital and allocates capital efficientl ...
AER - Final decision ActewAGL distribution determination
... ($nominal) from its customers over four years commencing 1 July 2015. If we had accepted ActewAGL’s proposal, it would have recovered $862.9 million ($ nominal) over the 2015-19 regulatory control period. Our final decision is for 31.5 per cent less revenue than ActewAGL’s proposal. The figure below ...
... ($nominal) from its customers over four years commencing 1 July 2015. If we had accepted ActewAGL’s proposal, it would have recovered $862.9 million ($ nominal) over the 2015-19 regulatory control period. Our final decision is for 31.5 per cent less revenue than ActewAGL’s proposal. The figure below ...
Taxation 220 - LSS | Cans DB
... Canada v. Fries [1989] (F.C.A.) OVERTURNED BY SCC .......................................................................................................................................................................................... 16 Tort Damages for Personal Injury or Death .................. ...
... Canada v. Fries [1989] (F.C.A.) OVERTURNED BY SCC .......................................................................................................................................................................................... 16 Tort Damages for Personal Injury or Death .................. ...
A comparative technical, cost and profit efficiency
... incur loan losses, and thus less compelled to spend additional expenses to recover these loans. They will therefore appear more efficient. Conversely, Lozano-Vivas, Pastor, and Pastor (2002) argue that a low CAR can indicate moral hazard behaviour. Thus, banks with a low CAR may prefer high risk– re ...
... incur loan losses, and thus less compelled to spend additional expenses to recover these loans. They will therefore appear more efficient. Conversely, Lozano-Vivas, Pastor, and Pastor (2002) argue that a low CAR can indicate moral hazard behaviour. Thus, banks with a low CAR may prefer high risk– re ...
Operating lease or purchase - analysis, Case: An acquisition of Airbus
... Since the beginning of leasing related literature the burning question of to lease or purchase has confused both academic and business world. Arguments from tax benefits to off-balance sheet characteristic and from capital preserving advantages to flexibility have been expressed. Many theories have ...
... Since the beginning of leasing related literature the burning question of to lease or purchase has confused both academic and business world. Arguments from tax benefits to off-balance sheet characteristic and from capital preserving advantages to flexibility have been expressed. Many theories have ...