Introduction - World bank documents
... US$18 million. NOCZIM does not have collection problems because most of its sales are on a cash basis, but holds significant stranded debts with foreign suppliers. 9. The levies on petroleum products contain some asymmetries that create inefficiencies. The Road Levy is charged to all consumers, rath ...
... US$18 million. NOCZIM does not have collection problems because most of its sales are on a cash basis, but holds significant stranded debts with foreign suppliers. 9. The levies on petroleum products contain some asymmetries that create inefficiencies. The Road Levy is charged to all consumers, rath ...
NBER WORKING PAPER SERIES MACROECONOMICS WITH FINANCIAL FRICTIONS: A SURVEY Markus K. Brunnermeier
... with low technological and market liquidity and by issuing short-term debt claims, financial institutions expose themselves to a liquidity mismatch. This maturity transformation – better labeled liquidity transformation – is one of the functions of financial intermediation but results in fragility. ...
... with low technological and market liquidity and by issuing short-term debt claims, financial institutions expose themselves to a liquidity mismatch. This maturity transformation – better labeled liquidity transformation – is one of the functions of financial intermediation but results in fragility. ...
Situational Influences on Management Control Systems
... Return on capital employed (ROCE) Return on net assets (RONA) » The profit measure in the numerator can be a fully allocated after-tax profit measure —or, a before-tax operating income measure. » The denominator can include all the line-items of assets and liabilities, including allocations of asset ...
... Return on capital employed (ROCE) Return on net assets (RONA) » The profit measure in the numerator can be a fully allocated after-tax profit measure —or, a before-tax operating income measure. » The denominator can include all the line-items of assets and liabilities, including allocations of asset ...
bonds and their valuation
... Convertible and Non-Convertible Bonds: Convertible bonds can be one of the finest holdings for the investor looking for both appreciation of investment and income of bond. Collateral Trust Bonds: Instead of being secured by a pledge of tangible property, as are mortgage bonds, collateral trust issue ...
... Convertible and Non-Convertible Bonds: Convertible bonds can be one of the finest holdings for the investor looking for both appreciation of investment and income of bond. Collateral Trust Bonds: Instead of being secured by a pledge of tangible property, as are mortgage bonds, collateral trust issue ...
Structural Change in the Tasmanian Economy
... At the same time, the global supply of key commodities such as iron ore and coal is expected to increase, which will put downward pressure on prices and also on the value of the Australian dollar. This will provide some support for Tasmania’s export and import-competing sectors. In recent months, t ...
... At the same time, the global supply of key commodities such as iron ore and coal is expected to increase, which will put downward pressure on prices and also on the value of the Australian dollar. This will provide some support for Tasmania’s export and import-competing sectors. In recent months, t ...
Tax Reform in Vietnam
... Due to the above-said reasons, the Vietnamese government designed and approved the tax reform strategy till 2010 aim at general objective of “Building a comprehensive and appropriate tax system that is suitable to the socialist – oriented market economy, in association with modernization of tax admi ...
... Due to the above-said reasons, the Vietnamese government designed and approved the tax reform strategy till 2010 aim at general objective of “Building a comprehensive and appropriate tax system that is suitable to the socialist – oriented market economy, in association with modernization of tax admi ...
In-substance purchases/sales
... standard should be based on the scope of the existing standards. The scopes of existing standards include contracts that convey a right-to-use the leased item. Purchase/sale transactions are outside the scope of the existing lease accounting standards. This is the case even when payment for the purc ...
... standard should be based on the scope of the existing standards. The scopes of existing standards include contracts that convey a right-to-use the leased item. Purchase/sale transactions are outside the scope of the existing lease accounting standards. This is the case even when payment for the purc ...
chapter 26: managing client portfolios
... This result can also be obtained by computing these returns for each of the individual holdings, weighting each result by the portfolio percentage and then adding to derive a total portfolio result. From the data available, it is not possible to determine specifically the inherent degree of portfoli ...
... This result can also be obtained by computing these returns for each of the individual holdings, weighting each result by the portfolio percentage and then adding to derive a total portfolio result. From the data available, it is not possible to determine specifically the inherent degree of portfoli ...
Financial Services Act 2012: A New UK Financial Regulatory
... of prescribing returns for financial products or services; however, in performing its new competition role, it will be interested in prices because prices and margins are key indicators of whether a market is competitive; ...
... of prescribing returns for financial products or services; however, in performing its new competition role, it will be interested in prices because prices and margins are key indicators of whether a market is competitive; ...
The Pros and Cons of Regulating Corporate Reporting: A Critical
... public securities face a competitive capital market populated by sophisticated investors. Firms concerned with maximizing their value therefore have powerful incentives to disclose all available information to obtain higher prices, because failure to disclose would cause investors to assume the wors ...
... public securities face a competitive capital market populated by sophisticated investors. Firms concerned with maximizing their value therefore have powerful incentives to disclose all available information to obtain higher prices, because failure to disclose would cause investors to assume the wors ...
Greece: Preliminary Debt Sustainability Analysis
... rates levied on a narrow base and on ad hoc spending cuts not supported by underlying structural reforms, as detailed in Box 1. With tax compliance rates falling precipitously and discretionary spending already severely compressed, staff believes that the additional adjustment needed to allow Greece ...
... rates levied on a narrow base and on ad hoc spending cuts not supported by underlying structural reforms, as detailed in Box 1. With tax compliance rates falling precipitously and discretionary spending already severely compressed, staff believes that the additional adjustment needed to allow Greece ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... advocated expansionary policy in the hope of reducing unemployment permanently even if that meant accepting a higher inflation rate. Second, there were those who recognized that no long-run trade-off exists but who misjudged how high the noninflationary unemployment rate had become because of change ...
... advocated expansionary policy in the hope of reducing unemployment permanently even if that meant accepting a higher inflation rate. Second, there were those who recognized that no long-run trade-off exists but who misjudged how high the noninflationary unemployment rate had become because of change ...
Recovery in the Eurozone
... governments are primarily interested in running a budget surplus and applying austerity measures. Weak global demand suggests that an export-led recovery is not an option. Consequently, the responsibility for boosting aggregate demand and higher levels of spending has fallen to the European Central ...
... governments are primarily interested in running a budget surplus and applying austerity measures. Weak global demand suggests that an export-led recovery is not an option. Consequently, the responsibility for boosting aggregate demand and higher levels of spending has fallen to the European Central ...
mortgage rates in kenya: implications for homeownership
... Abdulai, R.T., Hammond, F.N. (2008). Foreword. Real Estate and Development Economics Research Journal, Vol. 1 No.1, pp. 6 – 9. Abelson, P. (2009). Affordable housing: concepts and policies. Economic Papers, Vol. 28 No.1, pp.27-38. ...
... Abdulai, R.T., Hammond, F.N. (2008). Foreword. Real Estate and Development Economics Research Journal, Vol. 1 No.1, pp. 6 – 9. Abelson, P. (2009). Affordable housing: concepts and policies. Economic Papers, Vol. 28 No.1, pp.27-38. ...
Success or struggle: ROA as a true measure of business performance
... changed landscape for executive decision making. A school of thought emerged that the main goal of a company was to maximize returns for shareholders; if companies focused on shareholder returns, everything else would fall into place. The side effect of this thinking was to establish a culture of sh ...
... changed landscape for executive decision making. A school of thought emerged that the main goal of a company was to maximize returns for shareholders; if companies focused on shareholder returns, everything else would fall into place. The side effect of this thinking was to establish a culture of sh ...
Regional Affordable Housing Project
... governments are moving actively to aid them in their lives. If the new Governments can deliver results on these fronts, this will transform the social and political landscape of these countries. The industry’s importance lies also in its potentialfor economic development through job creation, and ad ...
... governments are moving actively to aid them in their lives. If the new Governments can deliver results on these fronts, this will transform the social and political landscape of these countries. The industry’s importance lies also in its potentialfor economic development through job creation, and ad ...
Ch16 - NYU Stern
... risk, and then use those measures of risk to arrive at expected returns on equity investments. You begin with a short examination of the different risk and return models that are often used to estimate the cost of equity, and the common elements and differences across these models. You then learn ho ...
... risk, and then use those measures of risk to arrive at expected returns on equity investments. You begin with a short examination of the different risk and return models that are often used to estimate the cost of equity, and the common elements and differences across these models. You then learn ho ...
the optimal portfolio - Vista Capital Partners
... characteristics of REITs fall somewhere between corporate America, provide that of stocks and bonds. In portfolio growth. No other offering investors bond-like asset class has amassed such cash flow streams and stockThese core asset classes are an impressive record of longlike appreciation, real est ...
... characteristics of REITs fall somewhere between corporate America, provide that of stocks and bonds. In portfolio growth. No other offering investors bond-like asset class has amassed such cash flow streams and stockThese core asset classes are an impressive record of longlike appreciation, real est ...
Unlocking Finance for Clean Energy: The Need for `Investment
... issues for policy-makers seeking to foster conditions for even greater investment are identified. In 2008, for the first time, investment in new renewable energy power generation capacity (including large hydro) was greater than the investment in fossil fuel generation; and percentage growth in inve ...
... issues for policy-makers seeking to foster conditions for even greater investment are identified. In 2008, for the first time, investment in new renewable energy power generation capacity (including large hydro) was greater than the investment in fossil fuel generation; and percentage growth in inve ...
130510496X_441953
... risk-return tradeoff, and market efficiency Theoretical fair value Arbitrage, storage, and delivery The role of derivative markets Criticisms of derivatives Ethics ...
... risk-return tradeoff, and market efficiency Theoretical fair value Arbitrage, storage, and delivery The role of derivative markets Criticisms of derivatives Ethics ...
the role of the "down-payment channel" in the euro area
... increase, credit-constrained households who wish to buy a property need to accumulate more savings because the down payment required by banks (i.e. the share of the acquisition price that is not covered by a mortgage) also increases. This down-payment requirement may affect both first time buyers an ...
... increase, credit-constrained households who wish to buy a property need to accumulate more savings because the down payment required by banks (i.e. the share of the acquisition price that is not covered by a mortgage) also increases. This down-payment requirement may affect both first time buyers an ...
Mathematical methods for modelling price - Rose
... where N, τ ∈ Z+ . Here N represents the total number of data points. From the autocorrelation function, we wish to determine the correlation length. There are several well-known criterion for determining correlation length. The purpose of the autocorrelation function is to determine how fast the cor ...
... where N, τ ∈ Z+ . Here N represents the total number of data points. From the autocorrelation function, we wish to determine the correlation length. There are several well-known criterion for determining correlation length. The purpose of the autocorrelation function is to determine how fast the cor ...
CBA Model Question Paper – C04 Page 1 CBA Model
... Which ONE of the following statements is true A a legal maximum price for a good always results in a shortage of the good. B a price fall for a good will lead to an increase in demand for that good. C a price fall for a good will always lead to a contraction in supply of the good. D an excess supply ...
... Which ONE of the following statements is true A a legal maximum price for a good always results in a shortage of the good. B a price fall for a good will lead to an increase in demand for that good. C a price fall for a good will always lead to a contraction in supply of the good. D an excess supply ...
Does austerity pay off
... measures the real borrowing costs of governments. We establish a number of basic facts regarding yield spreads. First, they vary considerably across time and countries. In some instances they are slightly below zero, in others they are as high as 70 percentage points. A total of about 1500 observati ...
... measures the real borrowing costs of governments. We establish a number of basic facts regarding yield spreads. First, they vary considerably across time and countries. In some instances they are slightly below zero, in others they are as high as 70 percentage points. A total of about 1500 observati ...
Inflation and the Price of Real Assets ∗ Monika Piazzesi Martin Schneider
... asset prices — house prices rose while equity prices fell, as shown in Figure 3. Compared to the big swings in the major real asset positions, households’ net position in nominal credit instruments was relatively stable. As documented below, the stability of net positions masks substantial increases ...
... asset prices — house prices rose while equity prices fell, as shown in Figure 3. Compared to the big swings in the major real asset positions, households’ net position in nominal credit instruments was relatively stable. As documented below, the stability of net positions masks substantial increases ...