staff note for the g20: state-contingent debt instruments for sovereigns
... proponents of SCDIs do not expect them to fully replace conventional debt; rather to complement it. Also, SCDIs (especially if featuring a “floor” and issued by a ‘safe haven’ issuer), may still be able to provide similar safe asset functions, especially as a store of wealth, over the long term. ...
... proponents of SCDIs do not expect them to fully replace conventional debt; rather to complement it. Also, SCDIs (especially if featuring a “floor” and issued by a ‘safe haven’ issuer), may still be able to provide similar safe asset functions, especially as a store of wealth, over the long term. ...
NBER WORKING PAPER SERIES CREDIT RISK AND DISASTER RISK Francois Gourio
... completely shut down equity financing and focus on the accumulation of internal funds, in my model firms are able to raise equity costlessly. (Amdur (2010), Covas and Den Haan (2009), and Hennessy and Levy (2007) also study the business cycle behavior of capital structure.) Several of these papers a ...
... completely shut down equity financing and focus on the accumulation of internal funds, in my model firms are able to raise equity costlessly. (Amdur (2010), Covas and Den Haan (2009), and Hennessy and Levy (2007) also study the business cycle behavior of capital structure.) Several of these papers a ...
baker sample chapter
... business finance. Making financial decisions is an integral part of all forms and sizes of business organizations from small privately held firms to large publicly traded corporations. Virtually every decision that a business makes has financial implications. Thus, financial decisions are not limite ...
... business finance. Making financial decisions is an integral part of all forms and sizes of business organizations from small privately held firms to large publicly traded corporations. Virtually every decision that a business makes has financial implications. Thus, financial decisions are not limite ...
Financial Market Anomalies - Wharton Finance Department
... discussed below (e.g., the weekend effect), most of the anomalies discussed continue to persist. The fact that so many of these patterns have persisted for decades suggests that they are not evidence of market inefficiencies. Rather, our benchmark models might be less than complete descriptions of e ...
... discussed below (e.g., the weekend effect), most of the anomalies discussed continue to persist. The fact that so many of these patterns have persisted for decades suggests that they are not evidence of market inefficiencies. Rather, our benchmark models might be less than complete descriptions of e ...
Poverty, social protection and climate resilience
... phases of climate challenge and determined by people’s adaptive capacity and the relative strength of the enabling environment ...
... phases of climate challenge and determined by people’s adaptive capacity and the relative strength of the enabling environment ...
Sovereign yield spreads during the Euro-crisis
... ). Unfortunately, no market based measure of exit probabilities for individual EMU is available. However, we use the probability that at least one member country will declare its exit from the monetary union by the end of 2013 (see Chart 2) which is derived from the internet platform INTRADE – a vir ...
... ). Unfortunately, no market based measure of exit probabilities for individual EMU is available. However, we use the probability that at least one member country will declare its exit from the monetary union by the end of 2013 (see Chart 2) which is derived from the internet platform INTRADE – a vir ...
The Regulatory Sandbox Proposal – Mark Adams
... ASIC’s existing discretion – organisational competence ...
... ASIC’s existing discretion – organisational competence ...
ECON 337901 FINANCIAL ECONOMICS
... But, intuitively, asset 2 “looks” better, because its distribution takes some of the probability of a payoff of 100 and “moves” that probability to the even higher payoff of 1000. Probability theory formalizes this notion, by saying that asset 2 exhibits first-order stochastic dominance over asset 1 ...
... But, intuitively, asset 2 “looks” better, because its distribution takes some of the probability of a payoff of 100 and “moves” that probability to the even higher payoff of 1000. Probability theory formalizes this notion, by saying that asset 2 exhibits first-order stochastic dominance over asset 1 ...
RELEASE: On receipt, January 23, 2007 CONTACT: Susan Houser
... fully integrate the resources of three independent experts – payroll services, retirement plan administrative services and professional financial consulting – into a single, seamless package. “The Principal Payroll Program helps employers save time and money by automating the exchange of data betwee ...
... fully integrate the resources of three independent experts – payroll services, retirement plan administrative services and professional financial consulting – into a single, seamless package. “The Principal Payroll Program helps employers save time and money by automating the exchange of data betwee ...
ADDITIONAL RISK OF TRADING IN RENMINBI (RMB) SECURITIES
... be able to dispose of the RMB securities at such prices, in such amounts and/or at such times at which they would wish to, or which they may otherwise be able to in respect of Hong Kong dollar denominated securities listed on The Stock Exchange of Hong Kong Limited. As a result of such liquidity ris ...
... be able to dispose of the RMB securities at such prices, in such amounts and/or at such times at which they would wish to, or which they may otherwise be able to in respect of Hong Kong dollar denominated securities listed on The Stock Exchange of Hong Kong Limited. As a result of such liquidity ris ...
a practical look at the exempt market dealer requirements +
... • Determine resources available or required • Establish a “Culture of Compliance” (“Tone at the top”) • Understand the applicable rules and regulations • Determine a framework for risk identification and assessment • Determine the internal controls to be used to manage risks – includes accountabilit ...
... • Determine resources available or required • Establish a “Culture of Compliance” (“Tone at the top”) • Understand the applicable rules and regulations • Determine a framework for risk identification and assessment • Determine the internal controls to be used to manage risks – includes accountabilit ...
an estimation of the sovereign risk of a catalan state
... There are also other ratings including 'AA, 'A', 'B', 'CCC' and 'CC', and intermediate ratings like 'AA+', 'AA-', 'A+', 'A-', 'BBB+', 'BBB-', 'BB+', 'BB-', 'B+, 'B-', 'CCC+' and 'CCC-'. The bonds issued with rating 'BBB' or superior are considered investment grade, while those below this rating leve ...
... There are also other ratings including 'AA, 'A', 'B', 'CCC' and 'CC', and intermediate ratings like 'AA+', 'AA-', 'A+', 'A-', 'BBB+', 'BBB-', 'BB+', 'BB-', 'B+, 'B-', 'CCC+' and 'CCC-'. The bonds issued with rating 'BBB' or superior are considered investment grade, while those below this rating leve ...
Dynamic Monitoring of Financial Intermediaries with Subordinated
... state of the stock market, the bond market, the Treasury yield curve, the state of the business cycle, etc. The idiosyncratic component is associated with the special characteristics of the security, such as embedded options, liquidity of the particular issue, etc, plus it will contain information a ...
... state of the stock market, the bond market, the Treasury yield curve, the state of the business cycle, etc. The idiosyncratic component is associated with the special characteristics of the security, such as embedded options, liquidity of the particular issue, etc, plus it will contain information a ...
Shaw SMA - Large Cap Portfolio
... The Australian Share Market (ASX 100 Accumulation Index) rose by 2.28%, in February. Despite a speed wobble in the resources sector in the past month which saw our Model Portfolio give up a little ground, we remain in excess of the market over the quarter and since inception with our reflationary tr ...
... The Australian Share Market (ASX 100 Accumulation Index) rose by 2.28%, in February. Despite a speed wobble in the resources sector in the past month which saw our Model Portfolio give up a little ground, we remain in excess of the market over the quarter and since inception with our reflationary tr ...
global property crash stress test scenario
... unexpected shocks that are complex and have multifaceted impacts. ...
... unexpected shocks that are complex and have multifaceted impacts. ...
The Macro Report - PGIM
... though economic data have seemed rather mixed of late. Interestingly, there is a wide range of estimates for first-quarter GDP growth. (The first official estimate will be released on April 28.) The Atlanta Fed GDP tracker is below 1.0% now; other gauges range from roughly 1.5% to 2.5%. Our Nowcast ...
... though economic data have seemed rather mixed of late. Interestingly, there is a wide range of estimates for first-quarter GDP growth. (The first official estimate will be released on April 28.) The Atlanta Fed GDP tracker is below 1.0% now; other gauges range from roughly 1.5% to 2.5%. Our Nowcast ...
Transaction Exposure
... Operating (Economic) Exposure – change in firm PV resulting from change in expected future operating cash flows due to unexpected forex change ...
... Operating (Economic) Exposure – change in firm PV resulting from change in expected future operating cash flows due to unexpected forex change ...
