Stocks - Northwest Financial Advisors
... less frequently than larger companies due to their smaller capitalizations, which may result in erratic price movement or difficulty in buying or selling. MLPs are subject to significant regulation and may be adversely affected by changes in the regulatory environment, including the risk that an MLP ...
... less frequently than larger companies due to their smaller capitalizations, which may result in erratic price movement or difficulty in buying or selling. MLPs are subject to significant regulation and may be adversely affected by changes in the regulatory environment, including the risk that an MLP ...
View/Open
... Building on both the work of Freund and Heady, S. R. Johnson published, “A ReExamination of the Farm Diversification Problem”, in 1967 (Johnson, 1967). Johnson analyzed how portfolio theory could be applied to three different cases of the agricultural portfolio problem relying on the separation the ...
... Building on both the work of Freund and Heady, S. R. Johnson published, “A ReExamination of the Farm Diversification Problem”, in 1967 (Johnson, 1967). Johnson analyzed how portfolio theory could be applied to three different cases of the agricultural portfolio problem relying on the separation the ...
Will China Escape the Middle-income Trap? A Politico
... (see more details in section 2). This era of fast privatization implies large efficiency gain and “rapid growth”, as the first stage of the theory. However, afterward, private sector employment share stops growing. Private firms face tighter financial constraints while around 60% of investment and t ...
... (see more details in section 2). This era of fast privatization implies large efficiency gain and “rapid growth”, as the first stage of the theory. However, afterward, private sector employment share stops growing. Private firms face tighter financial constraints while around 60% of investment and t ...
The ECB`s OMT Programme and German Constitutional Concerns
... The ECB took action that was effective and appropriate in solving a fundamental problem it faced, namely a dysfunctional monetary policy transmission mechanism. Its action was clearly within its mandate of ensuring the proper conduct of monetary policy. The pure announcement of a potential OMT progr ...
... The ECB took action that was effective and appropriate in solving a fundamental problem it faced, namely a dysfunctional monetary policy transmission mechanism. Its action was clearly within its mandate of ensuring the proper conduct of monetary policy. The pure announcement of a potential OMT progr ...
Reputation, Renegotiation, and the Choice between Bank Loans
... “specialness” of banks arises from the assumption that banks are able to monitor borrowers, while bondholders are unable to do so. In that context, the fear of losing reputation acts as a punishment device that deters firms that borrow in the bond market from engaging in valuereducing actions. In co ...
... “specialness” of banks arises from the assumption that banks are able to monitor borrowers, while bondholders are unable to do so. In that context, the fear of losing reputation acts as a punishment device that deters firms that borrow in the bond market from engaging in valuereducing actions. In co ...
CONDITIONAL TAIL VARIANCE AND
... A concept that is defined very closely to the CVaR is the expected shortfall (Acerbi and Tasche (2002)). The expected shortfall measurement result has been shown to be equivalent to the CVaR, even though it is defined in a different way. Engle and Manganelli (2004) used a different ...
... A concept that is defined very closely to the CVaR is the expected shortfall (Acerbi and Tasche (2002)). The expected shortfall measurement result has been shown to be equivalent to the CVaR, even though it is defined in a different way. Engle and Manganelli (2004) used a different ...
A Surplus of Ambition: Can Europe Rely on Large Primary
... small, open economies where market pressure is intense are more likely to exhibit large, persistent surpluses. So are countries where the debt ratio is high, again heightening the pressure for adjustment. In terms of institutional correlates, we find that surplus episodes are more likely when elect ...
... small, open economies where market pressure is intense are more likely to exhibit large, persistent surpluses. So are countries where the debt ratio is high, again heightening the pressure for adjustment. In terms of institutional correlates, we find that surplus episodes are more likely when elect ...
Europe’s Fiscal Crisis Revealed: In-Depth Analysis of Spending, Austerity, and Growth
... that, while fiscal adjustments do not always trigger immediate economic growth, spending-based adjustments are much less costly in terms of output than tax-based ones. In fact, when governments try to reduce the debt by raising taxes, it is likely to result in deep and pronounced recessions, possib ...
... that, while fiscal adjustments do not always trigger immediate economic growth, spending-based adjustments are much less costly in terms of output than tax-based ones. In fact, when governments try to reduce the debt by raising taxes, it is likely to result in deep and pronounced recessions, possib ...
NBER WORKING PAPER SERIES MONETARY POLICY IN A FINANCIAL CRISIS Christopher Gust
... For example, Caballero (2000, p. 5) states that a crisis is a time of “...sudden loss in the international appeal of a country’s assets.” He also states that a (p.4) “crisis is a time when (a) a significant fraction of firms or economic agents are in need of financing to either repay debt or impleme ...
... For example, Caballero (2000, p. 5) states that a crisis is a time of “...sudden loss in the international appeal of a country’s assets.” He also states that a (p.4) “crisis is a time when (a) a significant fraction of firms or economic agents are in need of financing to either repay debt or impleme ...
The Possible Advantages of Islamic Financial Jurisprudence: An
... compares the modem view of Islamic equity investing to its secular capitalist counterpart. Part III evaluates whether adherence to sharia principles, as defined by the Dow Jones Islamic Market Index, has positively impacted the risk and return of the index as benchmarked against comparable indices ( ...
... compares the modem view of Islamic equity investing to its secular capitalist counterpart. Part III evaluates whether adherence to sharia principles, as defined by the Dow Jones Islamic Market Index, has positively impacted the risk and return of the index as benchmarked against comparable indices ( ...
IFRS 9 Financial Instruments
... Bonds have the highest risk, notes are the second highest risk, and bills have the least risk. This is due to a statistical measure called duration (time to maturity), where shorter durations have less risk, and are associated with shorter term obligations. Bonds are issued by public authorities, cr ...
... Bonds have the highest risk, notes are the second highest risk, and bills have the least risk. This is due to a statistical measure called duration (time to maturity), where shorter durations have less risk, and are associated with shorter term obligations. Bonds are issued by public authorities, cr ...
Central Bank of the Republic of China (Taiwan)
... and spur them to take responsive action in a timely manner. This does not mean, however, that the risks mentioned in this report are sure to occur. Furthermore, this report is intended to serve as a reference for financial authorities, market participants, and others interested in the subject. Reade ...
... and spur them to take responsive action in a timely manner. This does not mean, however, that the risks mentioned in this report are sure to occur. Furthermore, this report is intended to serve as a reference for financial authorities, market participants, and others interested in the subject. Reade ...
Bank-based versus Market-based Financial Systems
... characteristic of developing countries is their dualistic structure — the coexistence of pockets of modern manufacturing activity with widespread peasant farming and cottage-industry production. Transition from the traditional sector to the modern is not always simple: manufacturing activities usual ...
... characteristic of developing countries is their dualistic structure — the coexistence of pockets of modern manufacturing activity with widespread peasant farming and cottage-industry production. Transition from the traditional sector to the modern is not always simple: manufacturing activities usual ...
Fannie Mae Q1 2016 Earnings Press Release
... Fannie Mae expects to remain profitable on an annual basis for the foreseeable future; however, certain factors, such as changes in interest rates or home prices, could result in significant volatility in our financial results from quarter to quarter or year to year. Fannie Mae’s future financial re ...
... Fannie Mae expects to remain profitable on an annual basis for the foreseeable future; however, certain factors, such as changes in interest rates or home prices, could result in significant volatility in our financial results from quarter to quarter or year to year. Fannie Mae’s future financial re ...
CAPITAL BUDGETING AND POLICY EVALUATION USING OPTION PRICING THEORY Peter Seed
... the same as the exercise price; the underlying value of the business is equivalent to the underlying value of the asset. As with price guarantees charges are very rarely made for this form of guarantee. Nevertheless the value may be considerable if the risk of default is high. ...
... the same as the exercise price; the underlying value of the business is equivalent to the underlying value of the asset. As with price guarantees charges are very rarely made for this form of guarantee. Nevertheless the value may be considerable if the risk of default is high. ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... payments lowers corporate taxes.4 (3) The net increase in corporate tax payments reduces dividends and retained earnings, thus lowering tax payments by shareholders. (4) The nominal increase in the value of the corporation's capital stock induces a capital gains tax liability for shareholders. (5) B ...
... payments lowers corporate taxes.4 (3) The net increase in corporate tax payments reduces dividends and retained earnings, thus lowering tax payments by shareholders. (4) The nominal increase in the value of the corporation's capital stock induces a capital gains tax liability for shareholders. (5) B ...
South_America_en.pdf
... was attributable to broad-based taxes (VAT and tax on profits) and social security contributions. Receipts from taxes on profits and assets as a whole expanded (23%) owing to an increase in income and the maintenance of the minimum income levels subject to taxes in nominal terms. In 2006, the govern ...
... was attributable to broad-based taxes (VAT and tax on profits) and social security contributions. Receipts from taxes on profits and assets as a whole expanded (23%) owing to an increase in income and the maintenance of the minimum income levels subject to taxes in nominal terms. In 2006, the govern ...
Ironbark Waverton Concentrated Global Share Fund
... will vary. You may lose money by investing in the Fund and your investment in the Fund may not meet your objectives. The level of returns will vary and future returns may differ from past returns. Laws affecting managed investment schemes may also change in the future. In addition, we do not offer a ...
... will vary. You may lose money by investing in the Fund and your investment in the Fund may not meet your objectives. The level of returns will vary and future returns may differ from past returns. Laws affecting managed investment schemes may also change in the future. In addition, we do not offer a ...
Household Consumption in Japan – Role of Income and Asset
... the estimation of quarterly GDP and the construction of the CPI. Each individual household is followed for a period of six months and then replaced. Information on income and consumption is collected every month and information on balance sheet items once per quarter. Detailed income information (in ...
... the estimation of quarterly GDP and the construction of the CPI. Each individual household is followed for a period of six months and then replaced. Information on income and consumption is collected every month and information on balance sheet items once per quarter. Detailed income information (in ...
Monetary Policy Spillovers and the Trilemma in the - UW
... implementation in the preceding years, it is clear that – at a minimum – policymakers in emerging market economies perceive an increasing vulnerability to the whims of the global financial system. The idea that the monetary policies of financial center countries have large spillover effects on the s ...
... implementation in the preceding years, it is clear that – at a minimum – policymakers in emerging market economies perceive an increasing vulnerability to the whims of the global financial system. The idea that the monetary policies of financial center countries have large spillover effects on the s ...
Preview Sample 1
... Capital markets as a source of finance are driving accounting development today. This phenomenon is the reason why the European Union decided to abandon its own effort at developing European accounting principles and require IFRS for EU listed companies. It is behind the convergence movement describ ...
... Capital markets as a source of finance are driving accounting development today. This phenomenon is the reason why the European Union decided to abandon its own effort at developing European accounting principles and require IFRS for EU listed companies. It is behind the convergence movement describ ...
Financial literacy and its role in promoting a sound financial system
... This article discusses the importance of financial literacy. Financial literacy – the ability to make informed judgements and decisions regarding the use and management of money – is important for individual consumers of financial services, the financial system and the wider economy. It influences h ...
... This article discusses the importance of financial literacy. Financial literacy – the ability to make informed judgements and decisions regarding the use and management of money – is important for individual consumers of financial services, the financial system and the wider economy. It influences h ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... commercial bank holding company, since its acquisition on March 25, 1994. Business line results are derived from the Company's business unit profitability reporting system. Designations, assignments, and allocations may change from time to time as management accounting systems are enhanced or produc ...
... commercial bank holding company, since its acquisition on March 25, 1994. Business line results are derived from the Company's business unit profitability reporting system. Designations, assignments, and allocations may change from time to time as management accounting systems are enhanced or produc ...
Questions on subsections 1/2/3/5 of Chapter 41E Section 8
... Section 8 does not apply to the unit growth rate used in the calculation of any reserves. However, a prudent growth rate should be used, where prudent could mean either a high rate or a low rate. It does apply to the determination of non-unit reserves for unit linked products. Non-unit reserves for ...
... Section 8 does not apply to the unit growth rate used in the calculation of any reserves. However, a prudent growth rate should be used, where prudent could mean either a high rate or a low rate. It does apply to the determination of non-unit reserves for unit linked products. Non-unit reserves for ...
21. Accounting for social investments
... 21.1. This module applies to all charities making social investments. It explains when an investment is recognised either as a programme related investment or as a mixed motive (mixed purpose) investment. FRS 102 does not deal with accounting for social investments and therefore this module explain ...
... 21.1. This module applies to all charities making social investments. It explains when an investment is recognised either as a programme related investment or as a mixed motive (mixed purpose) investment. FRS 102 does not deal with accounting for social investments and therefore this module explain ...