Realising Our Full Potential: Tax Directions for a Transitioning
... resilience and the capacity to deal with economic shocks. Spending redesign will also ensure the sustainability of priority services, including an adequate social safety net, which are integral to community living standards. The focus should be on large programs such as health care and education. Th ...
... resilience and the capacity to deal with economic shocks. Spending redesign will also ensure the sustainability of priority services, including an adequate social safety net, which are integral to community living standards. The focus should be on large programs such as health care and education. Th ...
Comments on “When Do TIPS Prices Adjust to
... theoratical dynamic model and show that there exists an optimal payout ratio under perfect market. 2. We derive the relationship between firm’s optimal payout ratio and its risks. 3. We derive the relationship between firm’s optimal payout ratio and its growth. 4. We further develop a fully dynamic ...
... theoratical dynamic model and show that there exists an optimal payout ratio under perfect market. 2. We derive the relationship between firm’s optimal payout ratio and its risks. 3. We derive the relationship between firm’s optimal payout ratio and its growth. 4. We further develop a fully dynamic ...
ECO442 - National Open University of Nigeria
... introduction to the subject matter of the unit and how a particular unit is integrated with the other units and the course as a whole. Next is a set of learning objectives. These objectives let you know what you should be able to do by the time you have completed the unit. You should use these objec ...
... introduction to the subject matter of the unit and how a particular unit is integrated with the other units and the course as a whole. Next is a set of learning objectives. These objectives let you know what you should be able to do by the time you have completed the unit. You should use these objec ...
The Transmission of Financial Stress and Monetary Policy
... Financial spillovers may also occur through financial linkages between economies. Garber and Grilli (1989), Valdes (1997) and Allen and Gale (2000) analyse international financial spillovers when financial institutions (e.g. banks and hedge funds) face liquidity shortages during crises. In efforts t ...
... Financial spillovers may also occur through financial linkages between economies. Garber and Grilli (1989), Valdes (1997) and Allen and Gale (2000) analyse international financial spillovers when financial institutions (e.g. banks and hedge funds) face liquidity shortages during crises. In efforts t ...
Policies to Harness the Power of Natural Resources
... The Economics of Sovereign Wealth Funds................................................................................................................................. 108 The (Long) Road to a Sovereign Wealth Fund..................................................................................... ...
... The Economics of Sovereign Wealth Funds................................................................................................................................. 108 The (Long) Road to a Sovereign Wealth Fund..................................................................................... ...
Report of the Commission of Experts of the President of the United
... and needs to be fixed has become a subject of enormous controversy. In the view adopted by the Commission, and broadly endorsed in the UN Outcome, the crisis we confront is systemic in the deepest sense and has many facets. On this view, the financial crisis that erupted in the United States in Sept ...
... and needs to be fixed has become a subject of enormous controversy. In the view adopted by the Commission, and broadly endorsed in the UN Outcome, the crisis we confront is systemic in the deepest sense and has many facets. On this view, the financial crisis that erupted in the United States in Sept ...
Social lending - cloudfront.net
... may provide a guarantee to support a loan from another lender, or they may provide funds at a high risk but for which there is a relatively high return – for example, funds which are repaid at a rate of $1.50 for every $1 advanced. These additional arrangements are forms of underwriting and quasi-eq ...
... may provide a guarantee to support a loan from another lender, or they may provide funds at a high risk but for which there is a relatively high return – for example, funds which are repaid at a rate of $1.50 for every $1 advanced. These additional arrangements are forms of underwriting and quasi-eq ...
Do Stocks with Dividends Outperform the Market during Recessions?
... between shareholder tax rates and financial leverage. The empirical results of Chang and Rhee’s study supported the hypothesized relationship between leverage and dividend ratios. Impson and Karafiath (1992) uncovered additional evidence on the stock market’s reaction to dividend announcements. Base ...
... between shareholder tax rates and financial leverage. The empirical results of Chang and Rhee’s study supported the hypothesized relationship between leverage and dividend ratios. Impson and Karafiath (1992) uncovered additional evidence on the stock market’s reaction to dividend announcements. Base ...
Asymmetric Shocks and Risk Sharing in a Monetary
... higher specialization in production translates into more asymmetry of GDP fluctuations. This result may not be surprising but, nonetheless, seems not to have been verified previously. Together, these findings substantiate an effect of income insurance on industrial specialization which, other things ...
... higher specialization in production translates into more asymmetry of GDP fluctuations. This result may not be surprising but, nonetheless, seems not to have been verified previously. Together, these findings substantiate an effect of income insurance on industrial specialization which, other things ...
Implications of a Switch to a Territorial Tax System in the United States
... example, they may use their earnings held abroad as “implicit collateral” to fund their economic activities in the United States, but the result may be a higher debt burden and higher borrowing cost. Or they may use these earnings to make investments abroad that provide a lower return than would oth ...
... example, they may use their earnings held abroad as “implicit collateral” to fund their economic activities in the United States, but the result may be a higher debt burden and higher borrowing cost. Or they may use these earnings to make investments abroad that provide a lower return than would oth ...
cost and profit efficiency in european banks
... many years towards the question of economies of scale and, to a lesser extent, to the study of scope economies (specialisation). In recent years, the tendency has changed towards the analysis of the X-efficiency of banks, giving rise to a large number of studies. The existence for a group of banks o ...
... many years towards the question of economies of scale and, to a lesser extent, to the study of scope economies (specialisation). In recent years, the tendency has changed towards the analysis of the X-efficiency of banks, giving rise to a large number of studies. The existence for a group of banks o ...
10 innovations in global philanthropy
... and donor networking. This model could work particularly well with issues seen as ‘difficult’, such as violence against women, human trafficking or substance abuse. We think these circles have significant potential to encourage new donors to the field as well as helping existing donors connect deepl ...
... and donor networking. This model could work particularly well with issues seen as ‘difficult’, such as violence against women, human trafficking or substance abuse. We think these circles have significant potential to encourage new donors to the field as well as helping existing donors connect deepl ...
The Brilliant Mind of Investors
... participation. As young men in the sample were tested by the Finnish Armed Forces typically at the age of 19 or 20, it can be assumed that they were still quite a beginning of the road to improve their financial literacy. They also find that the IQ-effect on participation is monotonic and notably la ...
... participation. As young men in the sample were tested by the Finnish Armed Forces typically at the age of 19 or 20, it can be assumed that they were still quite a beginning of the road to improve their financial literacy. They also find that the IQ-effect on participation is monotonic and notably la ...
AEGON withstands market turmoil with continued capital
... equity markets and the significant drop in interest rates, as well as a further weakening of the US dollar were the main drivers to the decline in underlying earnings. At the same time, AEGON’s capital position remained strong and our franchise continues to be resilient. Despite the difficult enviro ...
... equity markets and the significant drop in interest rates, as well as a further weakening of the US dollar were the main drivers to the decline in underlying earnings. At the same time, AEGON’s capital position remained strong and our franchise continues to be resilient. Despite the difficult enviro ...
Regulated Investment Companies and Commodity
... is more limited than that in respect of CLNs. RICs typically set up a wholly owned subsidiary taxable as a “controlled foreign corporation” (CFC) under the Code, 23 and the subsidiary invests in commodities or commodity-linked derivatives or other instruments that would generate non-Qualifying Incom ...
... is more limited than that in respect of CLNs. RICs typically set up a wholly owned subsidiary taxable as a “controlled foreign corporation” (CFC) under the Code, 23 and the subsidiary invests in commodities or commodity-linked derivatives or other instruments that would generate non-Qualifying Incom ...
Economic Value Added (EVA), Agency Costs and Firm Performance
... that accounting practices are more detailed than standards in terms of contents and usability, and standards lag ongoing innovations in practice. Another major criticism of the traditional accounting measures is the inherent assumption that a firm is no more than an entity, which is limited to facil ...
... that accounting practices are more detailed than standards in terms of contents and usability, and standards lag ongoing innovations in practice. Another major criticism of the traditional accounting measures is the inherent assumption that a firm is no more than an entity, which is limited to facil ...
market value margin
... The time horizon of 1 year used by most internal models and supervisory frameworks is not natural but a compromise: • A time horizon of one year is short enough that asset and business strategy need not necessarily be modeled: assume that asset and liability composition at the end of one year is mor ...
... The time horizon of 1 year used by most internal models and supervisory frameworks is not natural but a compromise: • A time horizon of one year is short enough that asset and business strategy need not necessarily be modeled: assume that asset and liability composition at the end of one year is mor ...
ASPEN INSURANCE HOLDINGS LTD (Form: 8-K
... Some of the statements in Exhibit 99.3 include forward-looking statements which reflect Aspen’s current views with respect to future events and financial performance. Such statements may include forward-looking statements both with respect to Aspen in general and the insurance and reinsurance sector ...
... Some of the statements in Exhibit 99.3 include forward-looking statements which reflect Aspen’s current views with respect to future events and financial performance. Such statements may include forward-looking statements both with respect to Aspen in general and the insurance and reinsurance sector ...
Investor Behaviour and Lottery Stocks
... behaviour. First proposed by Thaler and Johnson (1990), the house money effect is an example of mental accounting, whereby individuals segregate “winnings” (that is, gains on a position) from the initial investment position. These winning are then treated differently by the individual, and an indivi ...
... behaviour. First proposed by Thaler and Johnson (1990), the house money effect is an example of mental accounting, whereby individuals segregate “winnings” (that is, gains on a position) from the initial investment position. These winning are then treated differently by the individual, and an indivi ...
Small and Medium Enterprises Policy Research Working Paper 5538
... al. (2005a) find a robust, positive relationship between the relative size of the SME sector and economic growth, even when controlling for other growth determinants. According to Ayyagari et al. (2007), in high-income countries formal SMEs contribute to 50 percent of GDP on average. Furthermore, in ...
... al. (2005a) find a robust, positive relationship between the relative size of the SME sector and economic growth, even when controlling for other growth determinants. According to Ayyagari et al. (2007), in high-income countries formal SMEs contribute to 50 percent of GDP on average. Furthermore, in ...
Friends Life Investment Bond Fund Guide
... Price: At times, a fund may need to change the way its price is calculated to ensure that those moving into and out of the fund and existing unitholders/shareholders are treated fairly and are not disadvantaged by any large cashflows. Suspend trading: Fund managers have the ability, in certain circu ...
... Price: At times, a fund may need to change the way its price is calculated to ensure that those moving into and out of the fund and existing unitholders/shareholders are treated fairly and are not disadvantaged by any large cashflows. Suspend trading: Fund managers have the ability, in certain circu ...
Vanguard Growth Index Fund
... units held as at the end of the distribution period. If the number of units on issue increases before the end of a distribution period, this could decrease the level of distributable income per unit that might otherwise have been payable. Conversely, if the number of units on issue decreases before ...
... units held as at the end of the distribution period. If the number of units on issue increases before the end of a distribution period, this could decrease the level of distributable income per unit that might otherwise have been payable. Conversely, if the number of units on issue decreases before ...
Household Portfolios in Italy
... indebtedness of Italian households increases steadily, if slowly. The share of debt (short and long-term) was only 5.4 percent of total financial assets in 1985 but almost 9 percent by 1998. In analyzing household portfolios we find it useful to group financial assets into three categories according ...
... indebtedness of Italian households increases steadily, if slowly. The share of debt (short and long-term) was only 5.4 percent of total financial assets in 1985 but almost 9 percent by 1998. In analyzing household portfolios we find it useful to group financial assets into three categories according ...
Master Data Listing
... Identifies any courses or subjects associated to a particular University Prize. Provides a summary of university prize recipients. Describes the different types of prizes awarded for academically related or other achievements. For example, university or faculty medals, or special distinctions. ...
... Identifies any courses or subjects associated to a particular University Prize. Provides a summary of university prize recipients. Describes the different types of prizes awarded for academically related or other achievements. For example, university or faculty medals, or special distinctions. ...