The framework of capital requirements for UK banks
... result, they cut back lending which deepened the recession. In some cases they failed altogether and had to be bailed out so that they could continue to operate and avoid further damage to the economy. Since the crisis, authorities in the United Kingdom, and at the European and global levels, have w ...
... result, they cut back lending which deepened the recession. In some cases they failed altogether and had to be bailed out so that they could continue to operate and avoid further damage to the economy. Since the crisis, authorities in the United Kingdom, and at the European and global levels, have w ...
microcredit as a tool of ethical finance
... injection may make to aggregate economic demand in a region may be countered by other factors that induce a restriction of activity, with the net effect of the two sets of operations being very low if not outright negative. The line of reasoning is similar to that undertaken when evaluating the effe ...
... injection may make to aggregate economic demand in a region may be countered by other factors that induce a restriction of activity, with the net effect of the two sets of operations being very low if not outright negative. The line of reasoning is similar to that undertaken when evaluating the effe ...
a 125-page addendum
... scope and density) or, in other words, of the commercial advantages of big firms over smaller competitors. The latter may not be able to effectively use marketing instruments such as frequent flyer bonuses or computer reservation systems. These instruments, along with the dominance of hubs, may have ...
... scope and density) or, in other words, of the commercial advantages of big firms over smaller competitors. The latter may not be able to effectively use marketing instruments such as frequent flyer bonuses or computer reservation systems. These instruments, along with the dominance of hubs, may have ...
Financial globalization or great financial expansion
... capital flows, but by including the current account balance in regressions, we seek to take into account both gross and net external imbalances. A second and related strand of literature is on the desirability of financial openness. The removal of capital controls by both AEs and EMEs since the lat ...
... capital flows, but by including the current account balance in regressions, we seek to take into account both gross and net external imbalances. A second and related strand of literature is on the desirability of financial openness. The removal of capital controls by both AEs and EMEs since the lat ...
A Retrospective of the Troubled Asset Relief Program
... leaving businesses and consumers without access to financing is totally unacceptable." President Bush stressed that the government's role would be "limited and temporary," and added that the measures are "not intended to take over the free market, but to preserve it." At the time of the Treasury's a ...
... leaving businesses and consumers without access to financing is totally unacceptable." President Bush stressed that the government's role would be "limited and temporary," and added that the measures are "not intended to take over the free market, but to preserve it." At the time of the Treasury's a ...
the failure of northern rock: a multi-dimensional case study
... retail bank and a substantial mortgage lender. In fact, ten years earlier it had converted from a mutual building society whose activities were limited by regulation largely to retail deposits and mortgages. Graphic television news pictures showed very long queues outside the bank as depositors rush ...
... retail bank and a substantial mortgage lender. In fact, ten years earlier it had converted from a mutual building society whose activities were limited by regulation largely to retail deposits and mortgages. Graphic television news pictures showed very long queues outside the bank as depositors rush ...
Building a Holistic Capital Management Framework
... economic value added (EVA).2 EVA is positive if the absolute return on an asset is greater than the risk-weighted cost of capital needed to fund it. Hence EVA identifies which projects, products or business lines create value for shareholders. An increased focus on risk management and the regulatory ...
... economic value added (EVA).2 EVA is positive if the absolute return on an asset is greater than the risk-weighted cost of capital needed to fund it. Hence EVA identifies which projects, products or business lines create value for shareholders. An increased focus on risk management and the regulatory ...
The Pass-Through of Sovereign Risk ∗ Luigi Bocola January 2014
... 2013), it does allow for a transparent analysis of these transmission channels.8 This paper contributes to a growing literature on the aggregate implications of shocks to the balance sheet of financial intermediaries. In particular, I build on the modeling framework developed by Gertler and Kiyotaki ...
... 2013), it does allow for a transparent analysis of these transmission channels.8 This paper contributes to a growing literature on the aggregate implications of shocks to the balance sheet of financial intermediaries. In particular, I build on the modeling framework developed by Gertler and Kiyotaki ...
The Pass-Through of Sovereign Risk ∗ Luigi Bocola January 2014
... 2013), it does allow for a transparent analysis of these transmission channels.8 This paper contributes to a growing literature on the aggregate implications of shocks to the balance sheet of financial intermediaries. In particular, I build on the modeling framework developed by Gertler and Kiyotaki ...
... 2013), it does allow for a transparent analysis of these transmission channels.8 This paper contributes to a growing literature on the aggregate implications of shocks to the balance sheet of financial intermediaries. In particular, I build on the modeling framework developed by Gertler and Kiyotaki ...
Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve
... The models they used were badly built and poorly calibrated. They didn’t just underestimate, but totally ignored, the biggest risk in the market—the risk of a market downturn. But this didn’t matter. The simplest measure of sanity in the housing market is the ratio of median home price to income. Tr ...
... The models they used were badly built and poorly calibrated. They didn’t just underestimate, but totally ignored, the biggest risk in the market—the risk of a market downturn. But this didn’t matter. The simplest measure of sanity in the housing market is the ratio of median home price to income. Tr ...
The influence of macroeconomic developments on Austrian banks
... asset prices are strong cyclical demand fluctuations (eg commodities), hog cycles due to long gestation periods (eg real estate) and speculative activity (eg shares). Inflated asset prices often lead banks to make lending decisions based on asset values which are unsustainable in the long run. In ad ...
... asset prices are strong cyclical demand fluctuations (eg commodities), hog cycles due to long gestation periods (eg real estate) and speculative activity (eg shares). Inflated asset prices often lead banks to make lending decisions based on asset values which are unsustainable in the long run. In ad ...
FL BlackRock Long Term (Aquila C) IE/XE
... limited range of industry sectors, it may carry more risk than funds that invest across a broader range or variety of sectors. These funds can be more volatile and carry higher risk due to their lack of diversification. G - Derivatives: Where a fund uses derivatives for investment purposes, there ma ...
... limited range of industry sectors, it may carry more risk than funds that invest across a broader range or variety of sectors. These funds can be more volatile and carry higher risk due to their lack of diversification. G - Derivatives: Where a fund uses derivatives for investment purposes, there ma ...
Corporate Governance and Risk Management at Unprotected Banks
... 2009; Cheng, Hong, and Scheinkman, 2013; Bai and Elyasiani, 2013). Alternatively, there could be states of the world in which bank managers that had been managing risk carefully may become excessively risk loving without being provided performance incentives, such as states in which their equit ...
... 2009; Cheng, Hong, and Scheinkman, 2013; Bai and Elyasiani, 2013). Alternatively, there could be states of the world in which bank managers that had been managing risk carefully may become excessively risk loving without being provided performance incentives, such as states in which their equit ...
6 GUIDELINES TO EMPOWER FINANCIAL DECISION
... the borrower outsources its credit and collections activity to the financier. In case of leasing, accounts receivable play an important role, but the lending decision relies on the value of the physical assets, as the financier takes the assets onto its own balance sheet. Note that securing funding ...
... the borrower outsources its credit and collections activity to the financier. In case of leasing, accounts receivable play an important role, but the lending decision relies on the value of the physical assets, as the financier takes the assets onto its own balance sheet. Note that securing funding ...
Foundation Investment Policy
... can also increase the risk of the portfolio. Before an investment manager uses any security other than-standard securities (such as: exchange traded common stock; interest bearing bonds and cash equivalents), the security, derivative or structured product must be explained to and approved by the Com ...
... can also increase the risk of the portfolio. Before an investment manager uses any security other than-standard securities (such as: exchange traded common stock; interest bearing bonds and cash equivalents), the security, derivative or structured product must be explained to and approved by the Com ...
Retained Interests in Securitisations and - ECB
... SPV; and (iii) the structuring of the transaction. The latter involves the provision of credit enhancements and guarantees to protect investors from potential losses on the securitised assets. These may take different forms and can be provided internally, externally, or a combination of both. The pr ...
... SPV; and (iii) the structuring of the transaction. The latter involves the provision of credit enhancements and guarantees to protect investors from potential losses on the securitised assets. These may take different forms and can be provided internally, externally, or a combination of both. The pr ...
relatório e contas de 2003
... of 0.6%, thus recovering from the drop in the first quarter (-0.6 % quarter-on-quarter). This performance of the national economy, which will have been lower than in the first quarter (1.3 %) when compared with the same period last year, was constrained by the decrease in Exports of Goods and Servic ...
... of 0.6%, thus recovering from the drop in the first quarter (-0.6 % quarter-on-quarter). This performance of the national economy, which will have been lower than in the first quarter (1.3 %) when compared with the same period last year, was constrained by the decrease in Exports of Goods and Servic ...
Banks, Government Bonds, and Default: What do the Data Say?
... demand for credit goes down because these events occur together with recessions, devaluations, and other adverse shocks. Hence, it is not bondholdings or default per se that matter for lending; ...
... demand for credit goes down because these events occur together with recessions, devaluations, and other adverse shocks. Hence, it is not bondholdings or default per se that matter for lending; ...
Banking Union: Common Deposit Guarantee Schemes, Monetary
... The euro crisis which started later uncovered another, macroeconomic, problem, which is specific to the euro area: when the entire banking system of a country is under stress, the national sovereign is no longer able to provide a credible guarantee for the deposits with local banks. The public discu ...
... The euro crisis which started later uncovered another, macroeconomic, problem, which is specific to the euro area: when the entire banking system of a country is under stress, the national sovereign is no longer able to provide a credible guarantee for the deposits with local banks. The public discu ...
ReAssure guide to unit linked funds
... The bid price is calculated by applying the weighted average percentage change of the relevant Base Fund unit prices comprising the underlying profile fund to the bid price at the previous valuation. The bid price is generally rounded to 4 significant figures and for most unit series this is to the ...
... The bid price is calculated by applying the weighted average percentage change of the relevant Base Fund unit prices comprising the underlying profile fund to the bid price at the previous valuation. The bid price is generally rounded to 4 significant figures and for most unit series this is to the ...
Liquidity Crises - Business Review, Second Quarter 2008
... uncertainty averse. That is, when evaluating outcomes about which they are uncertain, they use the most pessimistic probability assessments. In particular, each participant overweights the probability that he will be among those hit by the second shock. (See Uncertainty Aversion.) This creates a des ...
... uncertainty averse. That is, when evaluating outcomes about which they are uncertain, they use the most pessimistic probability assessments. In particular, each participant overweights the probability that he will be among those hit by the second shock. (See Uncertainty Aversion.) This creates a des ...
Global safe assets - Bank for International Settlements
... bonds safer than long-term bonds. An agent looking for a long-term safe asset will have to worry about the inflation risk. An agent trading with the rest of the world will have to worry about exchange rate risk. These individual variations in the demand for safe assets notwithstanding, one can defin ...
... bonds safer than long-term bonds. An agent looking for a long-term safe asset will have to worry about the inflation risk. An agent trading with the rest of the world will have to worry about exchange rate risk. These individual variations in the demand for safe assets notwithstanding, one can defin ...
does islamic bank performance differ by region?
... Islamic banking has over the past years been characterized by a high growth at an average annual rate on 15 to 20 percent (Hasan and Coyle 2008). Expansion has been driven by high oil prices, which have increased the wealth in the Middle East where the largest part of Islamic banks exist. Currently, ...
... Islamic banking has over the past years been characterized by a high growth at an average annual rate on 15 to 20 percent (Hasan and Coyle 2008). Expansion has been driven by high oil prices, which have increased the wealth in the Middle East where the largest part of Islamic banks exist. Currently, ...