NBER WORKING PAPER SERIES FINANCIAL GLOBALIZATION, FINANCIAL CRISES, AND THE EXTERNAL
... even more, leaving them exposed to a greater risk of hitting the credit constraint. If this does happen, the classic Fisherian debt-de ation mechanism is set in motion and a full-blown nancial crisis follows. The crisis is characterized by a re-sale of equity and a sudden reversal in the debt pos ...
... even more, leaving them exposed to a greater risk of hitting the credit constraint. If this does happen, the classic Fisherian debt-de ation mechanism is set in motion and a full-blown nancial crisis follows. The crisis is characterized by a re-sale of equity and a sudden reversal in the debt pos ...
Guggenheim BulletShares® ETFs An In
... often have to sell bonds in order to meet redemptions, particularly in a declining market. And as bonds in a mutual fund portfolio approach maturity—falling below the fund’s target threshold— those bonds have to be sold and new bonds purchased. These pressures may increase turnover in a mutual fund ...
... often have to sell bonds in order to meet redemptions, particularly in a declining market. And as bonds in a mutual fund portfolio approach maturity—falling below the fund’s target threshold— those bonds have to be sold and new bonds purchased. These pressures may increase turnover in a mutual fund ...
The financial turmoil of 2007 - Bank for International Settlements
... result of a prolonged period of generalised and aggressive risk-taking, which happened to have the subprime market at its epicentre. In other words, it represents the archetypal example of financial instability with potentially serious macroeconomic consequences that follows the build-up of financia ...
... result of a prolonged period of generalised and aggressive risk-taking, which happened to have the subprime market at its epicentre. In other words, it represents the archetypal example of financial instability with potentially serious macroeconomic consequences that follows the build-up of financia ...
Financialization and the nonfinancial corporation
... While these analyses point to important empirical relationships regarding increased flows between NFCs and the financial sector, and fixed investment, they also raise further questions. In particular, the use of financial profits, rentiers’ income or payments to the financial sector as indicators of ...
... While these analyses point to important empirical relationships regarding increased flows between NFCs and the financial sector, and fixed investment, they also raise further questions. In particular, the use of financial profits, rentiers’ income or payments to the financial sector as indicators of ...
West African Economic and Monetary Union: Common Policies
... delivering on the planned fiscal consolidation could weaken growth prospects. Policy recommendations. The challenge is to sustain the growth momentum while preserving internal and external stability in an uncertain global landscape. ...
... delivering on the planned fiscal consolidation could weaken growth prospects. Policy recommendations. The challenge is to sustain the growth momentum while preserving internal and external stability in an uncertain global landscape. ...
chapter outline
... important for students to understand the relationships among the interest rate, saving, and investment. 4. At equilibrium, the quantity of funds demanded is equal to the quantity of funds supplied. a. If the interest rate in the market is greater than the equilibrium rate, the quantity of funds dema ...
... important for students to understand the relationships among the interest rate, saving, and investment. 4. At equilibrium, the quantity of funds demanded is equal to the quantity of funds supplied. a. If the interest rate in the market is greater than the equilibrium rate, the quantity of funds dema ...
Nobody plans to fail....
... Career or health changes. Values. What are the ideas and principles you consider ...
... Career or health changes. Values. What are the ideas and principles you consider ...
The Determinants of Stock Market Development
... wealth. Stock markets are essential for economic growth as they facilitate the flow of resources to the most productive investment opportunities in other words; they help in terms of efficient allocation of credit in the economy. Demirguc-Kunt and Levine (1996), Singh (1997) and Levine and Zervos (1 ...
... wealth. Stock markets are essential for economic growth as they facilitate the flow of resources to the most productive investment opportunities in other words; they help in terms of efficient allocation of credit in the economy. Demirguc-Kunt and Levine (1996), Singh (1997) and Levine and Zervos (1 ...
POLICIES AND SOCIO-ECONOMIC CONDITIONS OF PRIVATE ENTERPRISE DEVELOPMENT IN TRANSITIONARY ECONOMIES ABSTRACT
... likely encouraged and feel competent to start a business with a social environment that values entrepreneurship, and when various opportunities are available and entrepreneurs have sufficient knowledge and skills required to start and manage a business. The encouragement of private business activity ...
... likely encouraged and feel competent to start a business with a social environment that values entrepreneurship, and when various opportunities are available and entrepreneurs have sufficient knowledge and skills required to start and manage a business. The encouragement of private business activity ...
Global Risk Aversion, Contagion or Fundamentals?
... the rest of the economy, affecting both investment and consumption decisions. On the fiscal side, higher government bond yields imply higher debt-servicing costs and can significantly raise funding costs. This could also lead to an increase in rollover risk, as debt might have to be refinanced at un ...
... the rest of the economy, affecting both investment and consumption decisions. On the fiscal side, higher government bond yields imply higher debt-servicing costs and can significantly raise funding costs. This could also lead to an increase in rollover risk, as debt might have to be refinanced at un ...
Download: Optimal Financial Structure and Economic Development (pdf)
... exploring the causal relationship between financial structure and economic growth, i.e., whether market-based or bank-based financial structure is better for economic growth2. As Levine (2005) summarizes, related arguments can be grouped into four views. Proponents of bank-based structure argue that ...
... exploring the causal relationship between financial structure and economic growth, i.e., whether market-based or bank-based financial structure is better for economic growth2. As Levine (2005) summarizes, related arguments can be grouped into four views. Proponents of bank-based structure argue that ...
Governance, Structural Adjustment
... fiscal sectors. It has devalued currency and decontrolled current account operations, it has adopted measures to deregulate many sectors including private investment and foreign direct investment, withdrawn many subsidies and price controls, reduced effective average tariff rates, followed on the wh ...
... fiscal sectors. It has devalued currency and decontrolled current account operations, it has adopted measures to deregulate many sectors including private investment and foreign direct investment, withdrawn many subsidies and price controls, reduced effective average tariff rates, followed on the wh ...
working paper / xx/12 - Ministry of Social Development
... policy problems inasmuch as the rules governing the institutions concerned are made or influenced by the government, and the consequences of institutional failure if it occurs are likely to be public policy problems themselves. Although the desired outcome – efficient decumulation – is known, the pr ...
... policy problems inasmuch as the rules governing the institutions concerned are made or influenced by the government, and the consequences of institutional failure if it occurs are likely to be public policy problems themselves. Although the desired outcome – efficient decumulation – is known, the pr ...
Forecast for 2001
... million for Concordia. This corresponds to a profit of about SEK 5.93 per share and about SEK 5.22 per share after full conversion. A change in the assumed freight rates of USD 1,000 per day is equivalent to about SEK 7 million. FPSO (Floating Production, Storage and Offloading) Concordia has sold t ...
... million for Concordia. This corresponds to a profit of about SEK 5.93 per share and about SEK 5.22 per share after full conversion. A change in the assumed freight rates of USD 1,000 per day is equivalent to about SEK 7 million. FPSO (Floating Production, Storage and Offloading) Concordia has sold t ...
SUMMARY PROSPECTUS Tortoise North American Pipeline Fund
... net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. Certain securities in the Fund’s portfolio may be worth less than the price originally paid for them, or less than they were worth at an earlier time. Concentration Risk. Because the Fun ...
... net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. Certain securities in the Fund’s portfolio may be worth less than the price originally paid for them, or less than they were worth at an earlier time. Concentration Risk. Because the Fun ...
The Arab World Competitiveness Report 2013 - WEF
... productivity. The level of productivity, in turn, determines the rates of return obtained by investments in an economy. Because the rates of return are also drivers of growth rates, a more competitive economy is likely to grow more and become more prosperous in the medium to long term. Since its int ...
... productivity. The level of productivity, in turn, determines the rates of return obtained by investments in an economy. Because the rates of return are also drivers of growth rates, a more competitive economy is likely to grow more and become more prosperous in the medium to long term. Since its int ...
Why does Brazil’s banking sector need public banks?
... the National Economic and Social Development Bank (BNDES) using an argument based on market failures (Garcia, 2011), an effective answer to this question requires a theory of financial instability. The 2007–2008 global financial crisis had a profound impact on the state of modern economics. It expos ...
... the National Economic and Social Development Bank (BNDES) using an argument based on market failures (Garcia, 2011), an effective answer to this question requires a theory of financial instability. The 2007–2008 global financial crisis had a profound impact on the state of modern economics. It expos ...
real-world economics review
... discipline (or any educated person for that matter) adhere to an ideology and refuse to abandon it in the face of evidence undermining its tenets? In the language of social psychology such a state of affairs involves an inconsistency in “cognitions,” (i.e., “…any knowledge, opinion, or belief about ...
... discipline (or any educated person for that matter) adhere to an ideology and refuse to abandon it in the face of evidence undermining its tenets? In the language of social psychology such a state of affairs involves an inconsistency in “cognitions,” (i.e., “…any knowledge, opinion, or belief about ...
111219734-Change Shareholding Pattern
... IDFC Asset Management Company Ltd. to IDFC Financial Holding Company Limited, a Non-Operative Financial Holding Company, which is a wholly owned subsidiary of IDFC Ltd. Consequent to transfer of shares, the shareholding pattern of Asset Management Company stands revised as follows with effect from J ...
... IDFC Asset Management Company Ltd. to IDFC Financial Holding Company Limited, a Non-Operative Financial Holding Company, which is a wholly owned subsidiary of IDFC Ltd. Consequent to transfer of shares, the shareholding pattern of Asset Management Company stands revised as follows with effect from J ...
Why Closing the Racial Wealth Gap is a Priority for National
... economic productivity to increase and keep pace with the 21st century global economy if the nation’s rising majority isn’t able to fully participate in its economy? No matter what the prognosticators say about the increasing efficiency of new technologies, we cannot expect the U.S. economy to be dri ...
... economic productivity to increase and keep pace with the 21st century global economy if the nation’s rising majority isn’t able to fully participate in its economy? No matter what the prognosticators say about the increasing efficiency of new technologies, we cannot expect the U.S. economy to be dri ...
Financial Liberalization: Poverty Trap or Chaos
... market. Capital inflows created investment booms. When crises hit, the forces reversed. Capital flowed out and investment collapsed. Critics attributed the link between financial liberalization and financial crises to insufficiently developed financial markets in the emerging economies. Gaytan and ...
... market. Capital inflows created investment booms. When crises hit, the forces reversed. Capital flowed out and investment collapsed. Critics attributed the link between financial liberalization and financial crises to insufficiently developed financial markets in the emerging economies. Gaytan and ...
Railroads and Property Taxes
... On what grounds, then, was economic justification found for these expenditures? In many cases, a part of the answer was the promise of indirect fiscal advantages. Since completion of the improvement would increase the value of property within the state or locality, the added revenue from this higher ...
... On what grounds, then, was economic justification found for these expenditures? In many cases, a part of the answer was the promise of indirect fiscal advantages. Since completion of the improvement would increase the value of property within the state or locality, the added revenue from this higher ...
Different types of businesses PROOFS
... Many sources, including cash reserves, retained profit, sale of shares, and loans from domestic and overseas institutions ...
... Many sources, including cash reserves, retained profit, sale of shares, and loans from domestic and overseas institutions ...
Financial cycle
... The main distinguishing feature of macroprudential policy is that unlike traditional microprudential regulation and supervision (focused on the resilience of individual financial institutions to mostly exogenous events): • it focuses on the stability of the system as a whole; • it primarily monitors ...
... The main distinguishing feature of macroprudential policy is that unlike traditional microprudential regulation and supervision (focused on the resilience of individual financial institutions to mostly exogenous events): • it focuses on the stability of the system as a whole; • it primarily monitors ...
drivers of the global real estate financial markets
... working life paying off housing debt. These families accrue substantial amounts of housing equity over the years, but have very little cash to support their consumption and medical needs at retirement. Except where social security systems, such as Singapore’s Central Provident Fund (CPF), are instit ...
... working life paying off housing debt. These families accrue substantial amounts of housing equity over the years, but have very little cash to support their consumption and medical needs at retirement. Except where social security systems, such as Singapore’s Central Provident Fund (CPF), are instit ...