Empirical Determinants and Patterns of Research and Development
... Petersen 2012). One is the very nature of knowledge capital, where large external returns and spillovers suggest underprovision in the economy (Hall and Lerner 2009). Another relates to the known difficulties of financing innovation. The hurdles are recognized to be higher for R&D than for physical ...
... Petersen 2012). One is the very nature of knowledge capital, where large external returns and spillovers suggest underprovision in the economy (Hall and Lerner 2009). Another relates to the known difficulties of financing innovation. The hurdles are recognized to be higher for R&D than for physical ...
Changing Global Financial Structures: Can They Improve Economic
... financial systems plays in achieving good economic outcomes. A number of forces can be expected to change financial intermediation structures in the period ahead, including crisis intervention measures and an evolving regulatory reform agenda. The changing structures for financial intermediation (th ...
... financial systems plays in achieving good economic outcomes. A number of forces can be expected to change financial intermediation structures in the period ahead, including crisis intervention measures and an evolving regulatory reform agenda. The changing structures for financial intermediation (th ...
research paper series Research Paper 2006/19
... borrowers. Monetary policy tightened in the aftermath of the crisis to counter the depreciating currency, which hit credit markets particularly hard. International agencies and commercial banks supported the countries in the post-crisis period with official assistance and loan rollovers of short-ter ...
... borrowers. Monetary policy tightened in the aftermath of the crisis to counter the depreciating currency, which hit credit markets particularly hard. International agencies and commercial banks supported the countries in the post-crisis period with official assistance and loan rollovers of short-ter ...
Sample Chapter - McGraw Hill Higher Education
... The holding-period return is a simple and unambiguous measure of investment return over a single period. But often you will be interested in average returns over longer periods of time. For example, you might want to measure how well a mutual fund has performed over the preceding five-year period. I ...
... The holding-period return is a simple and unambiguous measure of investment return over a single period. But often you will be interested in average returns over longer periods of time. For example, you might want to measure how well a mutual fund has performed over the preceding five-year period. I ...
PPF Long-Term Funding Strategy Update
... As well as being fully-funded, we want to eliminate our exposure to interest rate, inflation and other market risks. We also want to build a reserve – or buy hedging instruments – to protect ourselves against future claims and the impact of members living longer than we estimate. Our latest assessme ...
... As well as being fully-funded, we want to eliminate our exposure to interest rate, inflation and other market risks. We also want to build a reserve – or buy hedging instruments – to protect ourselves against future claims and the impact of members living longer than we estimate. Our latest assessme ...
This PDF is a selection from an out-of-print volume from... Research Volume Title: Measures of Credit Risk and Experience
... more than one direction. Unfortunately, economists nearly always talk about credit quality and credit risk only in terms of the costs and consequences of its weakness or deterioration. Almost invariably, the problem is viewed as arising from the extension of credit on excessively generous terms and ...
... more than one direction. Unfortunately, economists nearly always talk about credit quality and credit risk only in terms of the costs and consequences of its weakness or deterioration. Almost invariably, the problem is viewed as arising from the extension of credit on excessively generous terms and ...
detailed assessment report of lbtr, sistema de liquidación bruta en
... However, some areas of improvement for Sistema LBTR have been identified and are summarized below. In particular, Sistema LBTR is exposed to some legal risk in that there is no explicit coverage of irrevocability and finality of payments at the level of statutory legislation. The urgency of this iss ...
... However, some areas of improvement for Sistema LBTR have been identified and are summarized below. In particular, Sistema LBTR is exposed to some legal risk in that there is no explicit coverage of irrevocability and finality of payments at the level of statutory legislation. The urgency of this iss ...
Use of Local Currencies in CIF Projects
... Outcome 1 – Projects/Borrowers take on CIF funds hard currency exposure without hedging. There have been cases in which the projects or borrowers themselves have taken on foreign exchange rate risk in order to access CTF funds. As of July 2012, four of seven IFC projects, all three of EBRD’s project ...
... Outcome 1 – Projects/Borrowers take on CIF funds hard currency exposure without hedging. There have been cases in which the projects or borrowers themselves have taken on foreign exchange rate risk in order to access CTF funds. As of July 2012, four of seven IFC projects, all three of EBRD’s project ...
reporting period
... Despite these turbulent times, the Colruyt Group succeeded in growing again this year by nearly eight percent. All of our 22.000 employees can justifiably be proud of this achievement. They have each contributed to this excellent result in their own manner and through their own hard work and dedicat ...
... Despite these turbulent times, the Colruyt Group succeeded in growing again this year by nearly eight percent. All of our 22.000 employees can justifiably be proud of this achievement. They have each contributed to this excellent result in their own manner and through their own hard work and dedicat ...
annex - Financial Ombudsman
... This edition contained a survey entitled “Investment Trusts: Doing the splits – Sector restructuring and the arrival of external gearing may have breathed new life into the split cap sector but investment remains a careful balancing act.” The survey reported – “As one might expect of any geared play ...
... This edition contained a survey entitled “Investment Trusts: Doing the splits – Sector restructuring and the arrival of external gearing may have breathed new life into the split cap sector but investment remains a careful balancing act.” The survey reported – “As one might expect of any geared play ...
Homeownership 2.0 - Chicago Unbound
... an advanced degree). To the extent that local housing prices are correlated with the performance of the ...
... an advanced degree). To the extent that local housing prices are correlated with the performance of the ...
emerald capital designated activity company series prospectus
... No person has been authorised to give any information or to make any representation other than those contained in this Series Prospectus in connection with the issue and sale of the Notes and, if given or made, such information or representation must not be relied upon as having been authorised by t ...
... No person has been authorised to give any information or to make any representation other than those contained in this Series Prospectus in connection with the issue and sale of the Notes and, if given or made, such information or representation must not be relied upon as having been authorised by t ...
Keywords: hot and cold deal market, valuation biases, real options
... investment opportunity. The general rule of thumb is to accept an investment opportunity if the NPV of this project exceeds 0 (Berk & DeMarzo, 2014). As long as the aforementioned future cash flows can be estimated with relative confidence, this is desirable. However, when this is no longer the cas ...
... investment opportunity. The general rule of thumb is to accept an investment opportunity if the NPV of this project exceeds 0 (Berk & DeMarzo, 2014). As long as the aforementioned future cash flows can be estimated with relative confidence, this is desirable. However, when this is no longer the cas ...
Is the Fund Transfer Pricing Ethical? An Interest Rate Swap
... be a subject under discussion. While transfer prices may be set for purely internal reasons, there are often strong external motivations to engage in transfer price manipulation (over/under invoicing), the ethics of transfer pricing focusing on two different views: moral ethics and tax ethics [7, pp ...
... be a subject under discussion. While transfer prices may be set for purely internal reasons, there are often strong external motivations to engage in transfer price manipulation (over/under invoicing), the ethics of transfer pricing focusing on two different views: moral ethics and tax ethics [7, pp ...
New Investment Portfolios
... stocks of small companies. These companies tend to be unseasoned but are considered by the fund’s advisors to have superior growth potential. Dodge & Cox International Stock 529 Portfolio – Invests exclusively in the Dodge & Cox International Stock Fund which seeks long-term growth of principal and ...
... stocks of small companies. These companies tend to be unseasoned but are considered by the fund’s advisors to have superior growth potential. Dodge & Cox International Stock 529 Portfolio – Invests exclusively in the Dodge & Cox International Stock Fund which seeks long-term growth of principal and ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... more appropriate ratios, and probably are more familiar, their use should be avoided if the other ratios are available. The ratio of financial intermediaries' net claims against business ' These ratios disregard the fact that the assets of linanclid intermediaries are based on book values for all fi ...
... more appropriate ratios, and probably are more familiar, their use should be avoided if the other ratios are available. The ratio of financial intermediaries' net claims against business ' These ratios disregard the fact that the assets of linanclid intermediaries are based on book values for all fi ...
The Lender`s View of Debt and Equity: The Case
... hedge against the main sources of risk to their future stream of consumption. A long-term nominal bond has little value as a hedge against the risks faced by households because it is so vulnerable to inflation risk. This paper traces the demand for long-duration, dollar-denominated debt to the natur ...
... hedge against the main sources of risk to their future stream of consumption. A long-term nominal bond has little value as a hedge against the risks faced by households because it is so vulnerable to inflation risk. This paper traces the demand for long-duration, dollar-denominated debt to the natur ...
