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The Use of Financial Accounts in Assessing Financial Stability[1]
The Use of Financial Accounts in Assessing Financial Stability[1]

... The range of MPIs that should be followed and analysed depends very much on the characteristics of the country or of the economic area; however, their coverage typically follows the CAMELS framework (capital adequacy, asset quality, management soundness, earnings, liquidity, sensitivity to market ri ...
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0000355811-15-000025 - Gentex Investor Relations
0000355811-15-000025 - Gentex Investor Relations

... provide increased consistency in how fair value determinations are made under various existing accounting standards that permit, or in some cases, require estimates of fair-market value. This standard also expanded financial statement disclosure requirements about a company’s use of fair-value measu ...
Technical Advice on criteria and factors to be - eiopa
Technical Advice on criteria and factors to be - eiopa

... include, for example: a. the type and transparency of the underlying; b. any hidden costs and charges; c. the use of features that draw investors’ attention but that do not necessarily reflect the suitability or overall quality of the product or service; d. visibility of risks; e. the use of product ...
Indeterminacy in Sovereign Debt Markets: an Empirical Investigation ∗ Luigi Bocola
Indeterminacy in Sovereign Debt Markets: an Empirical Investigation ∗ Luigi Bocola

... unique. In this set up, default risk varies over time because of “fundamental" and “nonfundamental" uncertainty. More specifically, default risk may be high because lenders expect the government to be insolvent in the near future- they expect that the government will default irrespective of their be ...
Understanding financial system efficiency in New Zealand
Understanding financial system efficiency in New Zealand

global regulatory convergence and the valuation profession
global regulatory convergence and the valuation profession

... recognises that consideration must be given to the diversity of entities that require regulation and of differences in the factors that influence specific markets or other operating environments. This means that a “one-size-fits-all” regulatory approach may not always be suitable in all jurisdiction ...
Public Private Partnerships in South Africa
Public Private Partnerships in South Africa

... ƒ Road, rail, airports, ports, electricity, telecoms, water expanding ƒ Strong financial markets, competitive commerce and industry ƒ Inter-governmental system. 3 spheres: national, provincial, local ƒ Over 200 days of sunshine a year! ...
Liquid assets, liquidity constraints and global imbalances
Liquid assets, liquidity constraints and global imbalances

... is that Asian emerging economies are pursuing export-led growth strategies by deliberately maintaining undervalued exchange rates, while providing the funding for the US current account deficit, as the US is a key consumer of these exports. However, what strikes us is that the BW2 conjecture is in i ...
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... Spreading Your Risks ...
Chapter 6 - NYU Stern School of Business
Chapter 6 - NYU Stern School of Business

Hedging and Vertical Integration in Electricity Markets
Hedging and Vertical Integration in Electricity Markets

Financial Considerations for Government Use of Cloud Computing
Financial Considerations for Government Use of Cloud Computing

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Investigating the relationship between financial leverage and

... Our main explanatory variables are a firm’s financial leverage, which we define as total debt over the total assets. And the other one is unemployment rate which is calculated by statistics per country. In order to measure human capital cost we calculate the log of wage per employee. We use various ...
Statement of Financial Condition
Statement of Financial Condition

... Cash and cash equivalents are defined as highly liquid investments, with an original maturity of three months or less when purchased. At June 30, 2016, the Company had cash equivalents of $9,656 in demand deposit accounts at cost, which approximates fair value. Financial Instruments Financial instru ...
Financial Innovation, Macroeconomic Stability and Systemic Crises
Financial Innovation, Macroeconomic Stability and Systemic Crises

... In our setup, consumers channel funds through collateral-constrained nancial intermediaries to rms operating in more-productive sectors of the economy. Firms manage investment projects but intermediaries retain nancial control over them. Even though nancial contracts can be made contingent on the ag ...
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Financial Supply Chain Dynamics Risk Operational

... The bank's average return on equity (ROE) after tax improved from 14.3 percent in 2001 to 16.5 percent in 2002. However, the cost of equity increased too, leaving the economic spread between ROE and the cost of equity unchanged since 2002. Only a few countries experienced a real profitability squeez ...
Corporate Debt in emerging eConomies
Corporate Debt in emerging eConomies

... Maturity mismatches can arise in the usual way, with corporates relying on short-term funding streams booked against longer-term revenue streams. Currency risk is similar, where corporates have domestic currency assets against foreign currency liabilities, which can arise from the fact that covariat ...
FIXING A BROKEN NATIONAL FLOOD INSURANCE PROGRAM
FIXING A BROKEN NATIONAL FLOOD INSURANCE PROGRAM

... to damage totals. However, Katrina’s damages were far in excess of most large flood events since flood waters did not recede following the event, saturating homes and multiplying damages. Due to these unusual circumstances and the rarity of a Katrina-type storm, losses were weighted at the hundred-y ...
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History Sheet Information entered by [ ]

...  1630 in Holland: Tulips are considered an investment by the population  1636: “Tulipomania” Tulips are traded with a rage that spreads to all classes of the society  1637: Speculation begins… Bulbs are sold faster than they can grow In March, Francois Koster pays DFL 6650 for a few dozen tulips ...
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... Source: AQR. Starting capital allocations for (a) and (b) are 20% equities, 80% bonds. Based on daily returns of U.S. equities and U.S. 10-year Treasuries, and daily rebalancing. Risk estimates for risk-rebalanced portfolio are based on rolling 60-day volatility. ...
ETUI SEMINAR, Brussels 12.06.2001
ETUI SEMINAR, Brussels 12.06.2001

... Past Crises : Literature review / country experiences – Financial Crises lead to prolonged, even permanent reductions in the level of potential output – more uncertainty surrounding potential growth rate effects – Cases of Finland & Sweden highlight the importance of TFP enhancing restructuring & in ...
ReAssure Limited Annual Accounts 2015
ReAssure Limited Annual Accounts 2015

US P3 Market Slowly Builds on Four Fronts
US P3 Market Slowly Builds on Four Fronts

... sponsoring governments have required a certain level of performance security for the construction contractor in nearly half of all the availability-payment P3 projects that have reached financial close to date, rather than allowing them to bid what they deem is appropriate. This performance security ...
Treasury Bill Yields: Overlooked Information
Treasury Bill Yields: Overlooked Information

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Systemic risk

In finance, systemic risk is the risk of collapse of an entire financial system or entire market, as opposed to risk associated with any one individual entity, group or component of a system, that can be contained therein without harming the entire system. It can be defined as ""financial system instability, potentially catastrophic, caused or exacerbated by idiosyncratic events or conditions in financial intermediaries"". It refers to the risks imposed by interlinkages and interdependencies in a system or market, where the failure of a single entity or cluster of entities can cause a cascading failure, which could potentially bankrupt or bring down the entire system or market. It is also sometimes erroneously referred to as ""systematic risk"".
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