Financial Liberalization and Allocative Efficiency (April 2011)
... In emphasizing the link between borrowing constraints and sectoral misallocation as well as input output linkages, this paper is related to Jones (2011a, 2011b), who emphasizes the consequence of resource misallocation in terms of intermediate inputs and its e¤ects on aggregate productivity through ...
... In emphasizing the link between borrowing constraints and sectoral misallocation as well as input output linkages, this paper is related to Jones (2011a, 2011b), who emphasizes the consequence of resource misallocation in terms of intermediate inputs and its e¤ects on aggregate productivity through ...
Subjective Measures of Risk Aversion, Fixed Costs, and
... This paper exploits direct measures of risk preferences in a model of household portfolio allocation. There are two main motivations for this. The first one is that if heterogeneity in risk preferences is important then empirical portfolio models should take this into account. The second motivation ...
... This paper exploits direct measures of risk preferences in a model of household portfolio allocation. There are two main motivations for this. The first one is that if heterogeneity in risk preferences is important then empirical portfolio models should take this into account. The second motivation ...
The Pass-Through of Sovereign Risk ∗ Luigi Bocola January 2014
... structural estimation is complicated by the fact that the model features time-variation in risk premia and occasionally binding financial constraints. I develop an algorithm for its global solution based on projections and sparse collocation, and I combine it with the particle filter to evaluate th ...
... structural estimation is complicated by the fact that the model features time-variation in risk premia and occasionally binding financial constraints. I develop an algorithm for its global solution based on projections and sparse collocation, and I combine it with the particle filter to evaluate th ...
comparing the information content of iranian vs. ias based operating
... also in accordance with US GAAP) requires classification into these three categories: (1) Operating activities, (2) Investing activities and (3) Financing activities. Operating cash flows that are provided based on IRA-GAAP includes all items of operating cash flows that are provided based on IAS-GA ...
... also in accordance with US GAAP) requires classification into these three categories: (1) Operating activities, (2) Investing activities and (3) Financing activities. Operating cash flows that are provided based on IRA-GAAP includes all items of operating cash flows that are provided based on IAS-GA ...
Corporate Finance
... If you cannot find investments that make your minimum acceptable rate, return the cash to owners of your business ...
... If you cannot find investments that make your minimum acceptable rate, return the cash to owners of your business ...
The Pass-Through of Sovereign Risk ∗ Luigi Bocola January 2014
... structural estimation is complicated by the fact that the model features time-variation in risk premia and occasionally binding financial constraints. I develop an algorithm for its global solution based on projections and sparse collocation, and I combine it with the particle filter to evaluate th ...
... structural estimation is complicated by the fact that the model features time-variation in risk premia and occasionally binding financial constraints. I develop an algorithm for its global solution based on projections and sparse collocation, and I combine it with the particle filter to evaluate th ...
Holding Excess Foreign Reserves Versus Infrastructure Finance
... “The value of this analysis of the funding of the reserves is that it enables the authorities to ascertain the true cost of holding reserves. If the reserves are treated simply as an asset portfolio with no funding or corresponding liabilities, the income on the reserves looks like a net gain for th ...
... “The value of this analysis of the funding of the reserves is that it enables the authorities to ascertain the true cost of holding reserves. If the reserves are treated simply as an asset portfolio with no funding or corresponding liabilities, the income on the reserves looks like a net gain for th ...
Fiesta Restaurant Group, Inc.
... Tim Taft, President and Chief Executive Officer of Fiesta, commented, “Comparable restaurant sales were solid at both brands despite macro-economic headwinds, strong growth in the prior year, and adverse weather conditions for Taco Cabana. During the first quarter, we generated higher operating prof ...
... Tim Taft, President and Chief Executive Officer of Fiesta, commented, “Comparable restaurant sales were solid at both brands despite macro-economic headwinds, strong growth in the prior year, and adverse weather conditions for Taco Cabana. During the first quarter, we generated higher operating prof ...
forecasting the romanian financial system stability using a stochastic
... Monnin, 2005; Borio and Drehmann, 2008) state that this method is auxiliary to other more complex techniques, we consider there are several reasons for which the AFSI method must be regarded as an independent technique, complementary to the others. On the one hand, the index offers the possibility t ...
... Monnin, 2005; Borio and Drehmann, 2008) state that this method is auxiliary to other more complex techniques, we consider there are several reasons for which the AFSI method must be regarded as an independent technique, complementary to the others. On the one hand, the index offers the possibility t ...
Part 1: The objectives of the financial system and its regulation
... The financial system warrants special regulatory attention which involves trade-offs.. 11 Systemic risk..................................................................................................................... 11 Agency costs................................................................ ...
... The financial system warrants special regulatory attention which involves trade-offs.. 11 Systemic risk..................................................................................................................... 11 Agency costs................................................................ ...
INVENTORY finance
... INVENTORY FINANCE-THE DISADVANTAGES • Inventory is fast moving and value and quantity can be difficult for a lender or trader to verify • If the borrower is dishonest or is under severe financial pressure, he may ...
... INVENTORY FINANCE-THE DISADVANTAGES • Inventory is fast moving and value and quantity can be difficult for a lender or trader to verify • If the borrower is dishonest or is under severe financial pressure, he may ...
DFG QUARTERLY review-THIRD quarter,2008
... announced a number of relief packages for affected borrowers which are being implemented by State Bank in consultation with the relevant Ministries. Incentives such as Scheme For Revival of SMEs & Agricultural Activities in Flood Affected Areas, a higher sharing of bonafide losses under the Credit G ...
... announced a number of relief packages for affected borrowers which are being implemented by State Bank in consultation with the relevant Ministries. Incentives such as Scheme For Revival of SMEs & Agricultural Activities in Flood Affected Areas, a higher sharing of bonafide losses under the Credit G ...
Far East Hospitality Trust - Singapore
... in any form or by any means or (ii) redistributed without the prior written consent of DBS Bank Ltd. The research set out in this report is based on information obtained from sources believed to be reliable, but we (which collectively refers to DBS Bank Ltd, its respective connected and associated c ...
... in any form or by any means or (ii) redistributed without the prior written consent of DBS Bank Ltd. The research set out in this report is based on information obtained from sources believed to be reliable, but we (which collectively refers to DBS Bank Ltd, its respective connected and associated c ...
CCL Industries Makes First Bolt-On Acquisition For Its Avery Segment
... relations with its customers; and general business and economic conditions.. Should one or more risks materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward-looking statements. Further details on key risks can b ...
... relations with its customers; and general business and economic conditions.. Should one or more risks materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward-looking statements. Further details on key risks can b ...
Investment Guide - Botswana
... The Government is involved in banking through state-owned financial institutions such as the NDB, Botswana Building Society, Botswana Savings Bank, addressing the main needs of citizens. In addition, the International Services Centre was set up in 2003 to establish and develop the country as a centr ...
... The Government is involved in banking through state-owned financial institutions such as the NDB, Botswana Building Society, Botswana Savings Bank, addressing the main needs of citizens. In addition, the International Services Centre was set up in 2003 to establish and develop the country as a centr ...
Financial Market Integration and Macroeconomic Volatility in the
... On the fiscal side, the conduct of fiscal policy in MENA has recently become critical in determining MENA countries’ future economic and fiscal situation due to the accumulation of a sizable level of debt. MENA’s financial markets are still under-developed and the various governments have been the o ...
... On the fiscal side, the conduct of fiscal policy in MENA has recently become critical in determining MENA countries’ future economic and fiscal situation due to the accumulation of a sizable level of debt. MENA’s financial markets are still under-developed and the various governments have been the o ...
Advanced Financial Accounting: Chapter 2
... • Special relationships that could indicate control over investee (e.g. investee’s key management are current or former employees of investor) – Rights of minority shareholders need to be considered – The purpose and design of investee should be considered to identify relevant activities and decisio ...
... • Special relationships that could indicate control over investee (e.g. investee’s key management are current or former employees of investor) – Rights of minority shareholders need to be considered – The purpose and design of investee should be considered to identify relevant activities and decisio ...
Do Financial Frictions Explain Chinese Firms` Saving and
... The empirical findings in this paper are based on rich firm-level data, an annual census of manufacturing enterprises collected by the Chinese National Bureau of Statistics between 1998 and 2007. The dataset includes firms with sales over 5 million RMB (about 600,000 US dollars). It contains all inf ...
... The empirical findings in this paper are based on rich firm-level data, an annual census of manufacturing enterprises collected by the Chinese National Bureau of Statistics between 1998 and 2007. The dataset includes firms with sales over 5 million RMB (about 600,000 US dollars). It contains all inf ...
RENT FACTORS IN DEALERSHIP REAL ESTATE
... no current tax effect on the dealership, which reduces its NOL carry forward, the IRS will impute taxable income to the dealer/owners. In a second scenario, the ownership facts are the same as above, but the dealership is organized as either an S Corporation or LLC. Additional rent must be imputed t ...
... no current tax effect on the dealership, which reduces its NOL carry forward, the IRS will impute taxable income to the dealer/owners. In a second scenario, the ownership facts are the same as above, but the dealership is organized as either an S Corporation or LLC. Additional rent must be imputed t ...
Equilibrium in Securities Markets with Heterogeneous
... the larger the unspanned component of the income shocks is. The heterogeneity in risk aversion is crucial for the magnitude of the reduction in the risk-free rate. The reduction is highest when the more risk-averse investors face the largest unspanned income risk. In numerical examples with reasona ...
... the larger the unspanned component of the income shocks is. The heterogeneity in risk aversion is crucial for the magnitude of the reduction in the risk-free rate. The reduction is highest when the more risk-averse investors face the largest unspanned income risk. In numerical examples with reasona ...
Financial Institutions PPT Dep Inst 2011
... plastic card used to make a purchase now to be repaid later usually with interest to the credit card company © Family Economics & Financial Education – Revised October 2004 – Financial Institutions Unit – Financial Institutions Funded by a grant from Take Charge America, Inc. to the Department of He ...
... plastic card used to make a purchase now to be repaid later usually with interest to the credit card company © Family Economics & Financial Education – Revised October 2004 – Financial Institutions Unit – Financial Institutions Funded by a grant from Take Charge America, Inc. to the Department of He ...
Italy: 2016 Article IV Consultation
... pressing ahead with ambitious product and service market reforms, including a strengthened Annual Competition Law; modernizing the wage bargaining system to align wages with productivity at the firm level; and implementing public administration reforms decisively, including to lower the cost of doin ...
... pressing ahead with ambitious product and service market reforms, including a strengthened Annual Competition Law; modernizing the wage bargaining system to align wages with productivity at the firm level; and implementing public administration reforms decisively, including to lower the cost of doin ...
Financial Intermediation and Growth: Causality
... exchanges. Theory further suggests that, by providing these services to the economy, financial intermediaries influence savings and allocation decisions in ways that may alter long-run growth rates.5 Thus, modern economic theory provides an intellectual framework for understanding how financial inte ...
... exchanges. Theory further suggests that, by providing these services to the economy, financial intermediaries influence savings and allocation decisions in ways that may alter long-run growth rates.5 Thus, modern economic theory provides an intellectual framework for understanding how financial inte ...
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... state dependence of fiscal multipliers, that is, their tendency to change with the economic environment. Given the issue at hand, it is particularly noteworthy that a number of studies suggest that the multiplier is smaller or even negative whenever public debt is high (Corsetti, Meier, and Müller, ...
... state dependence of fiscal multipliers, that is, their tendency to change with the economic environment. Given the issue at hand, it is particularly noteworthy that a number of studies suggest that the multiplier is smaller or even negative whenever public debt is high (Corsetti, Meier, and Müller, ...