English
... competition, and confronts this competition from the counterpart’s banks, the size difference is not so relevant in analyzing the impact of the FSN on local industry. The impact may be analyzed by comparing, for example, the ROA and the ROE in the country’s and counterpart’s banks. Thus, if these ...
... competition, and confronts this competition from the counterpart’s banks, the size difference is not so relevant in analyzing the impact of the FSN on local industry. The impact may be analyzed by comparing, for example, the ROA and the ROE in the country’s and counterpart’s banks. Thus, if these ...
The volatility of the market price of commodities
... Regulatory risk: As most biofuel production still requires policy support it is important whether investors and lenders consider this support as adequate and stable, or insufficient and unreliable. Geopolitical risk: Relevant for production based on feedstock from regions with an unstable political ...
... Regulatory risk: As most biofuel production still requires policy support it is important whether investors and lenders consider this support as adequate and stable, or insufficient and unreliable. Geopolitical risk: Relevant for production based on feedstock from regions with an unstable political ...
Performance of Australian superannuation funds
... Developed from Mason 1939; Britton, Clark & Ball 1992; Clement, Dale and Drew 2007 ...
... Developed from Mason 1939; Britton, Clark & Ball 1992; Clement, Dale and Drew 2007 ...
chapter 2 estimating discount rates
... impact on your overall portfolio. The second reason is that the effects of firm-specific actions on the prices of individual assets in a portfolio can be either positive or negative for each asset for any period; some companies will deliver good news whereas others will deliver bad news. Thus, in ve ...
... impact on your overall portfolio. The second reason is that the effects of firm-specific actions on the prices of individual assets in a portfolio can be either positive or negative for each asset for any period; some companies will deliver good news whereas others will deliver bad news. Thus, in ve ...
Valuation: Part I Discounted Cash Flow Valuation
... Manufacturing facilities: Other things remaining equal, a firm that has all of its production facilities in Brazil should be more exposed to country risk than one which has production facilities spread over multiple countries. The problem will be accented for companies that cannot move their product ...
... Manufacturing facilities: Other things remaining equal, a firm that has all of its production facilities in Brazil should be more exposed to country risk than one which has production facilities spread over multiple countries. The problem will be accented for companies that cannot move their product ...
FAIR VALUE IN FINANCIAL STATEMENTS – ADVANTAGES AND
... ´reasonably informed´ about all aspects of the asset to be transferred, including its utility, form and features and the market environment and the assets value in the market environment at the time. A ´willing´ buyer is defined as someone who wants to buy but is not in any way compelled to do so. A ...
... ´reasonably informed´ about all aspects of the asset to be transferred, including its utility, form and features and the market environment and the assets value in the market environment at the time. A ´willing´ buyer is defined as someone who wants to buy but is not in any way compelled to do so. A ...
Inside the Black Box: Hamilton, Wu, and QE2 . ∗ John H. Cochrane
... out the two alternatives. “Liquidity” is the first — the idea that there is a special demand for Treasury bonds (and on the run bonds in particular) for their particular “liquidity.” This view has limits — once liquidity demands are satisfied, additional supply has no effects. It is also more likely ...
... out the two alternatives. “Liquidity” is the first — the idea that there is a special demand for Treasury bonds (and on the run bonds in particular) for their particular “liquidity.” This view has limits — once liquidity demands are satisfied, additional supply has no effects. It is also more likely ...
Leverage ratio
... derivatives exposures will either be unmargined, or they pay to borrow cash through a repo transaction which also attracts higher costs due to the leverage ratio requirements on repos with banks. This will ultimately increase the cost of services they provide to investors, or leave them exposed to a ...
... derivatives exposures will either be unmargined, or they pay to borrow cash through a repo transaction which also attracts higher costs due to the leverage ratio requirements on repos with banks. This will ultimately increase the cost of services they provide to investors, or leave them exposed to a ...
Emerging Market Finance
... Majority action to amend and waive key bond terms (including payment terms, governing law, submission to jurisdiction, waiver of sovereign immunity) Appointment of bondholders committee upon Event of Default Initiation of acceleration by 25% bondholder vote In 2003, sovereigns that used CACs include ...
... Majority action to amend and waive key bond terms (including payment terms, governing law, submission to jurisdiction, waiver of sovereign immunity) Appointment of bondholders committee upon Event of Default Initiation of acceleration by 25% bondholder vote In 2003, sovereigns that used CACs include ...
Stochastic Equilibrium Models for Generation Capacity Expansion
... that we believe provide a relevant context for looking at the current very risky market where the power industry invests and operates. We then take up dierent questions raised by the new environment. Some are due to developments of the industry like demand side management: an optimization framework ...
... that we believe provide a relevant context for looking at the current very risky market where the power industry invests and operates. We then take up dierent questions raised by the new environment. Some are due to developments of the industry like demand side management: an optimization framework ...
TCW High Dividend Equities Fund Summary Prospectus
... If you purchase Fund shares through a broker-dealer or other financial intermediary (such as a bank), the Fund and the Fund’s distributor or its affiliates may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the b ...
... If you purchase Fund shares through a broker-dealer or other financial intermediary (such as a bank), the Fund and the Fund’s distributor or its affiliates may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the b ...
The determinants of government bond yield spreads in
... of the single currency. However, the financial crisis has marked the beginning of a turnaround in the EMU government bond market, with market participants starting to discriminate between sovereign issuers. By means of Feasible Generalized Least Square (FGLS) panel estimation, this master thesis aim ...
... of the single currency. However, the financial crisis has marked the beginning of a turnaround in the EMU government bond market, with market participants starting to discriminate between sovereign issuers. By means of Feasible Generalized Least Square (FGLS) panel estimation, this master thesis aim ...
Dissertação Final
... the adoption of the new regulatory framework was optional in 2007, its implementation by the majority of Portuguese banks only took place in 2008 (Antão and Lacerda, 2008). ...
... the adoption of the new regulatory framework was optional in 2007, its implementation by the majority of Portuguese banks only took place in 2008 (Antão and Lacerda, 2008). ...
Meeting of the Task Force of the EU CC on EPSAS
... support of economic and financial stability in the EU are based on nontransparent and non-comparable financial reporting ...
... support of economic and financial stability in the EU are based on nontransparent and non-comparable financial reporting ...
OPTIMUM MARKET PORTFOLIOS With Experience
... The Optimum Market Portfolios are accounts that allocate your portfolio’s assets among underlying Optimum Funds within ranges designed to meet your investment objective. Your account can hold up to six Optimum Funds: Small-Mid Cap Value, Small-Mid Cap Growth, Large Cap Value, Large Cap Growth, Fixed ...
... The Optimum Market Portfolios are accounts that allocate your portfolio’s assets among underlying Optimum Funds within ranges designed to meet your investment objective. Your account can hold up to six Optimum Funds: Small-Mid Cap Value, Small-Mid Cap Growth, Large Cap Value, Large Cap Growth, Fixed ...
Credit Risk
... directly calculate the diversification benefits. Value changes are relatively small with minor up(down)grades, but could be substantial if there is a default (rare event). This is far from the more normally distributed market risks that VaR models typically address. ...
... directly calculate the diversification benefits. Value changes are relatively small with minor up(down)grades, but could be substantial if there is a default (rare event). This is far from the more normally distributed market risks that VaR models typically address. ...
Issues in relation to discounted cash flow valuation - Sci-Hub
... pricing methods (including Black Scholes) also make use of discounted cash flows for calculating instantaneous option premia. However, like all models, DCF is not without its flaws. The model presupposes the existence of several unrealistic and rigid assumptions including, in particular, the existen ...
... pricing methods (including Black Scholes) also make use of discounted cash flows for calculating instantaneous option premia. However, like all models, DCF is not without its flaws. The model presupposes the existence of several unrealistic and rigid assumptions including, in particular, the existen ...
Foreign Currency Loans and Systemic Risk in Europe
... The previous literature on foreign currency borrowing focuses mostly on household-, firm-, or bank-level survey data to understand the factors at play. A common finding is that households and small firms may engage in excessive risk-taking because (i) they do not necessarily have foreign currency in ...
... The previous literature on foreign currency borrowing focuses mostly on household-, firm-, or bank-level survey data to understand the factors at play. A common finding is that households and small firms may engage in excessive risk-taking because (i) they do not necessarily have foreign currency in ...
chapter 1
... played and functions performed by the financial system are explained. The financial system is composed of financial markets and financial intermediaries. By utilizing these components, the financial system channels funds from lenders to borrowers. The chapter closes with brief discussions regarding ...
... played and functions performed by the financial system are explained. The financial system is composed of financial markets and financial intermediaries. By utilizing these components, the financial system channels funds from lenders to borrowers. The chapter closes with brief discussions regarding ...
Satrix Top 40 Index Fund
... Equities are shares that represent an institution's or individual's ownership in a listed company. These shares are also the "vehicle" through which they are able to "share" in the profits made by that company. As the company grows, and the expectation of improved profits increases, the market price ...
... Equities are shares that represent an institution's or individual's ownership in a listed company. These shares are also the "vehicle" through which they are able to "share" in the profits made by that company. As the company grows, and the expectation of improved profits increases, the market price ...
Uncertainty and the Disappearance of International Credit
... show that increased uncertainty about the debt overhang has a nonlinear and potentially large adverse effect on the supply of international credit. As a result, it can contribute to the liquidity shortage often experienced by emerging markets during a crisis. We also show that if international credi ...
... show that increased uncertainty about the debt overhang has a nonlinear and potentially large adverse effect on the supply of international credit. As a result, it can contribute to the liquidity shortage often experienced by emerging markets during a crisis. We also show that if international credi ...