Annual Report - Pershing Square Capital Management
... List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange (the “London Listing”). The Company is seeking this listing in an effort to improve market access for investors, increase liquidity in the Public Shares and to assist in narrowing the current discount to ...
... List of the UK Listing Authority and to trading on the Main Market of the London Stock Exchange (the “London Listing”). The Company is seeking this listing in an effort to improve market access for investors, increase liquidity in the Public Shares and to assist in narrowing the current discount to ...
SUNTRUST BANKS INC (Form: 8-K, Received: 01
... Mortgage production income for the current quarter was $78 million, compared to $118 million for the prior quarter and $53 million for the fourth quarter of 2015. The $40 million decrease from the prior quarter was due primarily to lower refinancing activity and lower gain-on-sale margins. The $25 ...
... Mortgage production income for the current quarter was $78 million, compared to $118 million for the prior quarter and $53 million for the fourth quarter of 2015. The $40 million decrease from the prior quarter was due primarily to lower refinancing activity and lower gain-on-sale margins. The $25 ...
Foreign Exchange Risk Mitigation for Power and Water Projects in
... private financing of infrastructure projects in developing countries has decreased and private participation in the power sector has not reached the levels originally anticipated. Foreign exchange risk has been identified by private financiers as a major factor in their reluctance to invest in devel ...
... private financing of infrastructure projects in developing countries has decreased and private participation in the power sector has not reached the levels originally anticipated. Foreign exchange risk has been identified by private financiers as a major factor in their reluctance to invest in devel ...
Fintech and Disruptive Business Models in Financial Products
... development of highly leveraged products, such as synthetic exchangetraded funds serve primarily speculative purposes instead of genuinely beneficial economic purposes.25 Regulatory arbitrage is a major driver of financial innovation.26 For example, the development of processes to liquify long-term ...
... development of highly leveraged products, such as synthetic exchangetraded funds serve primarily speculative purposes instead of genuinely beneficial economic purposes.25 Regulatory arbitrage is a major driver of financial innovation.26 For example, the development of processes to liquify long-term ...
The Evolution of Quantitative Investment Strategies
... of the CAPM, a few other economists independently derived similar models more or less contemporaneously. The CAPM starts with the premise that all securities are exposed to fluctuations in the overall market. A security’s beta is defined as the component of its risk coming from its exposure to the o ...
... of the CAPM, a few other economists independently derived similar models more or less contemporaneously. The CAPM starts with the premise that all securities are exposed to fluctuations in the overall market. A security’s beta is defined as the component of its risk coming from its exposure to the o ...
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... on the Australian Stock Exchange) has dropped just over 36% so far in this financial year alone. In the past twelve months, around $680 billion has been wiped from the Australian stock market. This scenario is all too common right around the world, with dramatic falls in value a consistent feature o ...
... on the Australian Stock Exchange) has dropped just over 36% so far in this financial year alone. In the past twelve months, around $680 billion has been wiped from the Australian stock market. This scenario is all too common right around the world, with dramatic falls in value a consistent feature o ...
Effects of Financial Globalization on Developing Countries
... financial integration can promote economic growth in developing countries. However, a systematic examination of the evidence suggests that it is difficult to establish a strong causal relationship. In other words, if financial integration has a positive effect on growth, there is as yet no clear and ...
... financial integration can promote economic growth in developing countries. However, a systematic examination of the evidence suggests that it is difficult to establish a strong causal relationship. In other words, if financial integration has a positive effect on growth, there is as yet no clear and ...
training course on economic reforms
... as “the correction of imbalances which are held unsustainable”. The main components of stabilization measures are exchange rate assessment, credit ceilings, interest rate policy, reducing budget deficits as well as tax and other measures to reduce public expenditure and raise revenue. These measures ...
... as “the correction of imbalances which are held unsustainable”. The main components of stabilization measures are exchange rate assessment, credit ceilings, interest rate policy, reducing budget deficits as well as tax and other measures to reduce public expenditure and raise revenue. These measures ...
Strategy and Plans of the Triglav Group
... position on the existing insurance markets. Financial investments. A lower investment return as the result of extremely low interest rates is planned. Adequate levels of investment security and liquidity remain at the forefront of the Group’s investment guidelines, followed by the criterion of profi ...
... position on the existing insurance markets. Financial investments. A lower investment return as the result of extremely low interest rates is planned. Adequate levels of investment security and liquidity remain at the forefront of the Group’s investment guidelines, followed by the criterion of profi ...
WPS2585 - World bank documents
... initially transplanted and received [Berkowitz, Pistor, Richard 1999]. The transplant view stresses that countries that adapted the transplanted law to local conditions and/or had a population that was already familiar with the basic legal principles of the transplanted law have a higher probability ...
... initially transplanted and received [Berkowitz, Pistor, Richard 1999]. The transplant view stresses that countries that adapted the transplanted law to local conditions and/or had a population that was already familiar with the basic legal principles of the transplanted law have a higher probability ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Long-Range Economic Projection
... depends on the level of real income applies, though with less force, to the "relative income" theory, if it is used to explain events widely separated in time. A general reduction in the extremes of income would not only change the rate of saving, but probably also the pattern of emulation. The proc ...
... depends on the level of real income applies, though with less force, to the "relative income" theory, if it is used to explain events widely separated in time. A general reduction in the extremes of income would not only change the rate of saving, but probably also the pattern of emulation. The proc ...
Financial System Review - December 2012
... and could lead to tighter lending conditions for businesses and households. Third, financial stresses could trigger a broad-based retrenchment in risk taking, which could exacerbate other adverse impacts through the financial channel. Finally, there is the confidence channel, through which adverse s ...
... and could lead to tighter lending conditions for businesses and households. Third, financial stresses could trigger a broad-based retrenchment in risk taking, which could exacerbate other adverse impacts through the financial channel. Finally, there is the confidence channel, through which adverse s ...
Towards a framework for financial stability
... The third service that can be provided by fiat money is that of a store of value. But, unlike the first two services, the effectiveness of fiat money in providing a store of value service is not underwritten by the issuing authority. Hence, fiat money’s purchasing power in terms of other goods may b ...
... The third service that can be provided by fiat money is that of a store of value. But, unlike the first two services, the effectiveness of fiat money in providing a store of value service is not underwritten by the issuing authority. Hence, fiat money’s purchasing power in terms of other goods may b ...
Risk-taking behavior of Commodity Trading Advisors
... start reporting to a database to raise capital from outside investors only if the track record is attractive and they are allowed to backfill the returns generated prior to their inclusion in the database. Since funds with poor performance are unlikely to report returns to the database, incubation/b ...
... start reporting to a database to raise capital from outside investors only if the track record is attractive and they are allowed to backfill the returns generated prior to their inclusion in the database. Since funds with poor performance are unlikely to report returns to the database, incubation/b ...
Serbia (B1/BB-/B+)
... Most EM currencies also firmed in March, partly mirroring the weakening of the US dollar. From a broader EM space perspective, the Russian rubble, the Brazilian real and the Colombian peso outperformed thanks to the stabilization in commodity prices and the significant rally in oil over the last mon ...
... Most EM currencies also firmed in March, partly mirroring the weakening of the US dollar. From a broader EM space perspective, the Russian rubble, the Brazilian real and the Colombian peso outperformed thanks to the stabilization in commodity prices and the significant rally in oil over the last mon ...
The Impact of the Income Tax Laws on The Energy Crisis: Oil and
... more expensive than in previous years. Fourth, the imposition of domestic price controls in 197124 effectively denied the domestic oil industry a full opportunity to develop new resources in response to the new demands. Fifth, society's new concern for the environment slowed efforts to increase ener ...
... more expensive than in previous years. Fourth, the imposition of domestic price controls in 197124 effectively denied the domestic oil industry a full opportunity to develop new resources in response to the new demands. Fifth, society's new concern for the environment slowed efforts to increase ener ...
What Drives Long-term Capital Flows? A Theoretical and Empirical
... flow freely. Observed rates of convergence are not only finite, but fairly low, around 2 per cent a year (e.g. Mankiw, Romer and Weil [1992], MRW hereafter). In addition, there is evidence that the ability to borrow is somewhat limited by capital market imperfections (see Obstfeld and Rogoff [2000] ...
... flow freely. Observed rates of convergence are not only finite, but fairly low, around 2 per cent a year (e.g. Mankiw, Romer and Weil [1992], MRW hereafter). In addition, there is evidence that the ability to borrow is somewhat limited by capital market imperfections (see Obstfeld and Rogoff [2000] ...
Financial Development and Economic Growth: Views and
... same direction: the functioning of financial systems is vitally linked to economic growth. Specifically, countries with larger banks and more active stock markets grow faster over subsequent decades even after controlling for many other factors underlying economic growth. Industries and firms that r ...
... same direction: the functioning of financial systems is vitally linked to economic growth. Specifically, countries with larger banks and more active stock markets grow faster over subsequent decades even after controlling for many other factors underlying economic growth. Industries and firms that r ...
Consulta: creatorFacets:"El-Osta, Hisham S." Registros recuperados
... Agricultural policy is rooted in the 1930s notion that providing transfers of money to the farm sector translates into increased economic well-being of farm families. This report shows that changes in income for the farm sector or for any particular group of farm businesses do not necessarily reflec ...
... Agricultural policy is rooted in the 1930s notion that providing transfers of money to the farm sector translates into increased economic well-being of farm families. This report shows that changes in income for the farm sector or for any particular group of farm businesses do not necessarily reflec ...
Item 1 – Cover Page - NorthCoast Asset Management
... and $66,000,000 on a non-discretionary basis for a total of $1.7 billion. NorthCoast specializes in providing clients with portfolio management services to separately managed accounts and a mutual fund through the use of quantitative analysis and systematic investing. We believe a thoroughly researc ...
... and $66,000,000 on a non-discretionary basis for a total of $1.7 billion. NorthCoast specializes in providing clients with portfolio management services to separately managed accounts and a mutual fund through the use of quantitative analysis and systematic investing. We believe a thoroughly researc ...
The Trust Indenture Act of 1939 and Out-of
... afford, and the bondholders are able to trade in bad debt for the chance to profit from the company’s eventual turnaround. But, unlike our example, a typical workout involves far more than two bondholders, and this creates a serious problem because nearly all of the bondholders have to accept an exc ...
... afford, and the bondholders are able to trade in bad debt for the chance to profit from the company’s eventual turnaround. But, unlike our example, a typical workout involves far more than two bondholders, and this creates a serious problem because nearly all of the bondholders have to accept an exc ...
discount rates
... the variance of actual returns around an expected return, risk and return models in finance assume that the risk that should be rewarded (and thus built into the discount rate) in valuation should be the risk perceived by the marginal investor in the investment The diversification effect: Most ri ...
... the variance of actual returns around an expected return, risk and return models in finance assume that the risk that should be rewarded (and thus built into the discount rate) in valuation should be the risk perceived by the marginal investor in the investment The diversification effect: Most ri ...
The Equity Premium: Why Is It a Puzzle? Rajnish Mehra
... The operative concept here is “incremental loss or gain in well-being because of consumption,” and January/February 2003 ...
... The operative concept here is “incremental loss or gain in well-being because of consumption,” and January/February 2003 ...
Wells Fargo/BlackRock Short-Term Investment Fund Disclosure
... where a broker-dealer agrees to buy securities and the Fund agrees to repurchase them at a later date. Debt securities and credit risk. Debt securities, such as notes and bonds, are subject to credit risk and interest rate risk. Credit risk is the possibility that an issuer or credit support provide ...
... where a broker-dealer agrees to buy securities and the Fund agrees to repurchase them at a later date. Debt securities and credit risk. Debt securities, such as notes and bonds, are subject to credit risk and interest rate risk. Credit risk is the possibility that an issuer or credit support provide ...
1. Recognizing accounts receivable. 2. Valuing accounts receivable
... • The required balance in the allowance account is determined by applying the percentage to the accounts receivable balance at the end of the current period. • The amount of the adjusting entry to record expected bad debt losses for the current period is the difference between the required balance a ...
... • The required balance in the allowance account is determined by applying the percentage to the accounts receivable balance at the end of the current period. • The amount of the adjusting entry to record expected bad debt losses for the current period is the difference between the required balance a ...