CAM Government Securities Investment Fund ANNUAL REPORT
... Statement of Management’s Responsibilities for the Preparation and Approval of the Financial Statements for the Year Ended 31 December 2014 Management is responsible for the preparation of the financial statements that present fairly the financial position of CAM Government Securities Investment Fun ...
... Statement of Management’s Responsibilities for the Preparation and Approval of the Financial Statements for the Year Ended 31 December 2014 Management is responsible for the preparation of the financial statements that present fairly the financial position of CAM Government Securities Investment Fun ...
sigma 5 | 2015 Underinsurance of proberty risks: closing the gap
... between best-practice countries and those with lower insurance penetration rates (premiums as a percentage of gross domestic product (GDP)). Insurance demand tends to be driven by economic factors but correlation with risk factors such as natural catastrophe exposure is weak, and many high-risk area ...
... between best-practice countries and those with lower insurance penetration rates (premiums as a percentage of gross domestic product (GDP)). Insurance demand tends to be driven by economic factors but correlation with risk factors such as natural catastrophe exposure is weak, and many high-risk area ...
Assignment 10
... Professional Reinsurance • Primary insures dealing with direct writing reinsurers often use fewer reinsurers in their reinsurance program • Reinsurance intermediaries often use more than on reinsurer to develop a reinsurance program for primary insurer • Reinsurance intermediaries can often help se ...
... Professional Reinsurance • Primary insures dealing with direct writing reinsurers often use fewer reinsurers in their reinsurance program • Reinsurance intermediaries often use more than on reinsurer to develop a reinsurance program for primary insurer • Reinsurance intermediaries can often help se ...
Sticky Leverage Joao Gomes, Urban Jermann and Lukas Schmid February 23, 2016
... numerical approach that allows the analysis of model dynamics with perturbation techniques, and as such alleviates the curse of dimensionality of fully nonlinear global methods.5 Other macro economic analyses with long-term debt and default include Gomes and Schmid (2013) and Miao and Wang (2010). I ...
... numerical approach that allows the analysis of model dynamics with perturbation techniques, and as such alleviates the curse of dimensionality of fully nonlinear global methods.5 Other macro economic analyses with long-term debt and default include Gomes and Schmid (2013) and Miao and Wang (2010). I ...
Corporate Catastrophes, Stock Returns, and Trading Volume
... stock returns is not strongly in¯uenced by the existence of catastrophe insurance. Catastrophes appear to aect returns in rather complex ways which seem to result in a re-evaluation of management Ð which may be positive or negative. This result is largely consistent with modern ®nancial theory whic ...
... stock returns is not strongly in¯uenced by the existence of catastrophe insurance. Catastrophes appear to aect returns in rather complex ways which seem to result in a re-evaluation of management Ð which may be positive or negative. This result is largely consistent with modern ®nancial theory whic ...
Financial Market Imperfections and the impact of
... considered. Campa (2000) tests the impact of exchange rate movements on South American countries’ exports. The impact appears to be positive or non significant, according to the specification. However, the author does not take into account control variables to capture demand and prices, so that resu ...
... considered. Campa (2000) tests the impact of exchange rate movements on South American countries’ exports. The impact appears to be positive or non significant, according to the specification. However, the author does not take into account control variables to capture demand and prices, so that resu ...
APRA`s GI Capital Requirements: Prescribed Method v Internal Model
... Prescribed Method not necessarily conservative ...
... Prescribed Method not necessarily conservative ...
Leverage, maturities of debt and stock performance
... months are considered for Germany, the UK and the US. We control for beta and form quintiles based on the ratio to compute mean returns. Our findings indicate a robust negative relation between the ratio and returns for Germany and the UK. In these two markets, the lowest ratioquintile performs bett ...
... months are considered for Germany, the UK and the US. We control for beta and form quintiles based on the ratio to compute mean returns. Our findings indicate a robust negative relation between the ratio and returns for Germany and the UK. In these two markets, the lowest ratioquintile performs bett ...
Sticky Leverage Joao Gomes, Urban Jermann and Lukas Schmid October 14, 2014
... numerical approach that allows the analysis of model dynamics with perturbation techniques, and as such alleviates the curse of dimensionality of fully nonlinear global methods.5 Other macro economic analyses with long-term debt and default include Gomes and Schmid (2013) and Miao and Wang (2010). I ...
... numerical approach that allows the analysis of model dynamics with perturbation techniques, and as such alleviates the curse of dimensionality of fully nonlinear global methods.5 Other macro economic analyses with long-term debt and default include Gomes and Schmid (2013) and Miao and Wang (2010). I ...
Web-Based Voluntary Financial Reporting of Jordanian Companies
... summarized and simplified, using IFR allows firms to disclose disaggregated and incremental financial data in their web sites (Ashbauph et al., 1999), e.g. Arab Bank Corporation provide annual reports for 68 years. Sixth, Internet tools ease the dissemination of financial information for users, anal ...
... summarized and simplified, using IFR allows firms to disclose disaggregated and incremental financial data in their web sites (Ashbauph et al., 1999), e.g. Arab Bank Corporation provide annual reports for 68 years. Sixth, Internet tools ease the dissemination of financial information for users, anal ...
Measuring Investment Distortions When Risk-Averse
... Further, in related work, Ju, Parrino, Poteshman, and Weisbach (2005) show that the optimal capital structures predicted by our model are similar to both capital structures observed in practice and to the 22.62% market debt to total capital ratio assumed for the hypothetical firm in our analysis. We ...
... Further, in related work, Ju, Parrino, Poteshman, and Weisbach (2005) show that the optimal capital structures predicted by our model are similar to both capital structures observed in practice and to the 22.62% market debt to total capital ratio assumed for the hypothetical firm in our analysis. We ...
IPE EDHEC-Risk Research Insights Spring 2014
... risk budgeting approach, to portfolio construction, consists in advocating a focus on risk, as opposed to dollar, allocation. In a nutshell, the goal of the risk allocation methodology is to ensure that the contribution of each constituent to the overall risk of the portfolio is equal to a target ri ...
... risk budgeting approach, to portfolio construction, consists in advocating a focus on risk, as opposed to dollar, allocation. In a nutshell, the goal of the risk allocation methodology is to ensure that the contribution of each constituent to the overall risk of the portfolio is equal to a target ri ...
The value of European Cooperative banks for the future financial
... 2010; Groeneveld, 2011). The general tenor is that they have weathered current and previous periods of financial distress relatively well. However, it is generally accepted that the recent financial crisis will change the economic and political environment of the banking industry stronger than any o ...
... 2010; Groeneveld, 2011). The general tenor is that they have weathered current and previous periods of financial distress relatively well. However, it is generally accepted that the recent financial crisis will change the economic and political environment of the banking industry stronger than any o ...
Information about Financial instruments
... price. This difference can be expressed as the compound rate of interest on the bond to maturity. If the investor chooses to sell the bond before maturity (early redemption), payment is restricted to the proceeds of the sale. Zero bonds are usually issued at a deep discount to their nominal value an ...
... price. This difference can be expressed as the compound rate of interest on the bond to maturity. If the investor chooses to sell the bond before maturity (early redemption), payment is restricted to the proceeds of the sale. Zero bonds are usually issued at a deep discount to their nominal value an ...
Financial Instability Revisited: The Economics of Disaster
... H. P. Minsky, "A Linear Model of Cyclical Growth." ...
... H. P. Minsky, "A Linear Model of Cyclical Growth." ...
1 PRO FORMA PRELIMINARY CONDENSED CONSOLIDATED
... bifurcated between goodwill and intangible assets pending the results of the purchase price allocation exercise. Moreover, the Pro forma financial information does not include any adjustments to the fair value of the assets, liabilities and contingent liabilities of NBAD as required by IFRS 3. A ful ...
... bifurcated between goodwill and intangible assets pending the results of the purchase price allocation exercise. Moreover, the Pro forma financial information does not include any adjustments to the fair value of the assets, liabilities and contingent liabilities of NBAD as required by IFRS 3. A ful ...
Safe Assets
... drops in the productivity or number of the trees. A safe asset in this world can be viewed as one whose real value is insulated from shocks, including the declines in GDP due to the rare disasters. However, if the GDP process is given, safe assets cannot mitigate overall risk but can only redistribu ...
... drops in the productivity or number of the trees. A safe asset in this world can be viewed as one whose real value is insulated from shocks, including the declines in GDP due to the rare disasters. However, if the GDP process is given, safe assets cannot mitigate overall risk but can only redistribu ...
Overview of the Consumer Financial Protection Bureau
... Since its inception in 2010 with the passage of the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) has been hiring staff and building a new regulatory agency from the ground up. The bureau was officially “stood up” on July 21, 2011, assuming regulatory authority to enforce 10 federa ...
... Since its inception in 2010 with the passage of the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) has been hiring staff and building a new regulatory agency from the ground up. The bureau was officially “stood up” on July 21, 2011, assuming regulatory authority to enforce 10 federa ...
NBER WORKING PAPER SERIES THE LIMITS OF FINANCIAL GLOBALIZATION René M. Stulz
... constituencies of the current rulers of the state and include redistributive taxes. The discretion of rulers to use the state for their own benefit creates an agency problem that I call “the agency problem of state ruler discretion.” When this agency problem is significant, corporations with profes ...
... constituencies of the current rulers of the state and include redistributive taxes. The discretion of rulers to use the state for their own benefit creates an agency problem that I call “the agency problem of state ruler discretion.” When this agency problem is significant, corporations with profes ...
the relationship between insurance industry and banking sector in
... Mamun et al., 2005). Carow (2001) provided the evidence of wealth effect by analyzing the case of the merger between Citibank and Travelers Group. However, Allen and Santomero (2001) show that there is a competitive relationship between banking sector and life insurance activities, this kind of rela ...
... Mamun et al., 2005). Carow (2001) provided the evidence of wealth effect by analyzing the case of the merger between Citibank and Travelers Group. However, Allen and Santomero (2001) show that there is a competitive relationship between banking sector and life insurance activities, this kind of rela ...
