Consumer Protection - Financial System Inquiry
... implemented through industry-developed, self-regulatory codes of practice initiated by the Government.2 These codes seek to foster good relations between institutions and their customers, for instance by requiring dispute resolution schemes, and to promote good banking practice by formalising standa ...
... implemented through industry-developed, self-regulatory codes of practice initiated by the Government.2 These codes seek to foster good relations between institutions and their customers, for instance by requiring dispute resolution schemes, and to promote good banking practice by formalising standa ...
Financial Liberalization and Allocative Efficiency (April 2011)
... accumulation.2 Such aggregate TFP gains are associated with a sectoral reallocation of resources. Following liberalization, sectors that are more dependent on external …nance typically grow more — but then crash more severely during a crisis and su¤er a greater decline during the subsequent credit c ...
... accumulation.2 Such aggregate TFP gains are associated with a sectoral reallocation of resources. Following liberalization, sectors that are more dependent on external …nance typically grow more — but then crash more severely during a crisis and su¤er a greater decline during the subsequent credit c ...
A Model-Based Approach to Constructing Corporate Bond Portfolios
... The quantitative tools supporting our model-based approach are Moody’s Analytics’ EDF (Expected Default Frequency) credit measures and Fair-value Spread (FVS) valuation framework. The EDF credit measure is calculated using a structural framework conceptually similar to the Black-Scholes-Merton (BSM) ...
... The quantitative tools supporting our model-based approach are Moody’s Analytics’ EDF (Expected Default Frequency) credit measures and Fair-value Spread (FVS) valuation framework. The EDF credit measure is calculated using a structural framework conceptually similar to the Black-Scholes-Merton (BSM) ...
The Use of Financial Ratios in Predicting Corporate Failure in Sri
... model should be developed. This model should accumulate the possible causes of firms’ failure. The substantial volume of researchers developing the corporate failure prediction models admits that the financial ratio is one of major predictors of the financial distress because the financial ratio can ...
... model should be developed. This model should accumulate the possible causes of firms’ failure. The substantial volume of researchers developing the corporate failure prediction models admits that the financial ratio is one of major predictors of the financial distress because the financial ratio can ...
Firm Life Cycle and Corporate Financing Choices
... We gather data primarily from the CRSP-COMPUSTAT merged database over the 19702004 period. We classify firms according to two distinct life cycle stages, namely growth and maturity. We focus on a snapshot of a firm’s history where these stages are more easily determined. Prior work on firm life cyc ...
... We gather data primarily from the CRSP-COMPUSTAT merged database over the 19702004 period. We classify firms according to two distinct life cycle stages, namely growth and maturity. We focus on a snapshot of a firm’s history where these stages are more easily determined. Prior work on firm life cyc ...
Chapter 15 PPP
... • Seller has legally binding obligation to make delivery on specified date • Buyer/holder has legally binding obligation to take delivery on specified date • Futures may be held until delivery date or traded on futures market • All trading is done on a margin basis ...
... • Seller has legally binding obligation to make delivery on specified date • Buyer/holder has legally binding obligation to take delivery on specified date • Futures may be held until delivery date or traded on futures market • All trading is done on a margin basis ...
Report of the Committee to suggest steps for fulfilling the objectives
... of liberalization. There is a vast literature on price-discovery and hedging efficiency in commodity derivatives markets in India and abroad covering different commodities and different time periods. This Committee has surveyed the literature already available on the subject, carried out quantitativ ...
... of liberalization. There is a vast literature on price-discovery and hedging efficiency in commodity derivatives markets in India and abroad covering different commodities and different time periods. This Committee has surveyed the literature already available on the subject, carried out quantitativ ...
Does democracy moderate the obsolescing bargain
... and management skills spread to host country nationals, the government comes to realize that the project can - and perhaps should - be run by locals (Poynter, 1982). The general outcome of these processes is the increased risk of government intervention. There exist many studies on government interf ...
... and management skills spread to host country nationals, the government comes to realize that the project can - and perhaps should - be run by locals (Poynter, 1982). The general outcome of these processes is the increased risk of government intervention. There exist many studies on government interf ...
A Theoretical Model of ‘Riskless Capitalism’ Rohit and Prasenjit Bose
... On the higher side, it increases till it hits the credit contraint (δmax ) beyond which it can’t increase. In case defaults start rising and the ex post realisation of capitalists’ collateral is lesser than its ex ante value, banks find their balance sheets becoming vulnerable (reflected in rising N ...
... On the higher side, it increases till it hits the credit contraint (δmax ) beyond which it can’t increase. In case defaults start rising and the ex post realisation of capitalists’ collateral is lesser than its ex ante value, banks find their balance sheets becoming vulnerable (reflected in rising N ...
International Fixed Interest Fund
... The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund's assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek fina ...
... The risk indicator is rated from 1 (low) to 7 (high). The rating reflects how much the value of the fund's assets goes up and down. A higher risk generally means higher potential returns over time, but more ups and downs along the way. To help you clarify your own attitude to risk, you can seek fina ...
Pacific Catastrophe Risk Insurance Pilot
... the aftermath of a disaster include access to shortterm immediate liquidity for emergency response and maintenance of essential government services until additional resources become available. PICs are restricted in their options for raising quick liquidity at the onset of a disaster because of thei ...
... the aftermath of a disaster include access to shortterm immediate liquidity for emergency response and maintenance of essential government services until additional resources become available. PICs are restricted in their options for raising quick liquidity at the onset of a disaster because of thei ...
NBER WORKING PAPER SERIES PARETO IMPROVING SOCIAL SECURITY REFORM
... the great depression, the biggest negative aggregate shock the US economy has experienced so far. In the current political debate about social security reform one of the major concerns cited by the opponents of a reform towards a funded system is the risk of low returns to savings for an entire gene ...
... the great depression, the biggest negative aggregate shock the US economy has experienced so far. In the current political debate about social security reform one of the major concerns cited by the opponents of a reform towards a funded system is the risk of low returns to savings for an entire gene ...
View/Open
... Determine the parameter(s) of the distribution that best fit(s) the data from the known distribution family using maximum likelihood estimators (MLE). ...
... Determine the parameter(s) of the distribution that best fit(s) the data from the known distribution family using maximum likelihood estimators (MLE). ...
1 / 4 Bold Analysts or Bold Banks: Do Institutional Factors Drive
... different stocks. Specifically for analysts covering the financial sector, we expect the pressure to be the highest because of two reasons. First, these analysts have the highest exposure ...
... different stocks. Specifically for analysts covering the financial sector, we expect the pressure to be the highest because of two reasons. First, these analysts have the highest exposure ...
Benchmarks as Limits to Arbitrage: Understanding the Low
... low-volatility and low-beta stock portfolios. Over 1968–2008, low-volatility and low-beta portfolios offered an enviable combination of high average returns and small drawdowns. This outcome runs counter to the fundamental principle that risk is compensated with higher expected return. In our study, ...
... low-volatility and low-beta stock portfolios. Over 1968–2008, low-volatility and low-beta portfolios offered an enviable combination of high average returns and small drawdowns. This outcome runs counter to the fundamental principle that risk is compensated with higher expected return. In our study, ...
TARP and market discipline - Lund University School of Economics
... the effect of bailout probability on market discipline is likewise insignificant, suggesting that the main results may be largely driven by a too-big-to-fail effect. We further examine this possibility by running “clean” difference-in-difference tests with two possible groups of TBTF banks. In thes ...
... the effect of bailout probability on market discipline is likewise insignificant, suggesting that the main results may be largely driven by a too-big-to-fail effect. We further examine this possibility by running “clean” difference-in-difference tests with two possible groups of TBTF banks. In thes ...
The Equity Premium: Consistent with GDP Growth and
... risk-free return, is a critical input in portfolio allocation decisions as well as in capital budgeting decisions. It is also at the heart of the ongoing policy debate about whether a portion of the social security trust fund should be invested in the equity market or not. Consequently, it is crucia ...
... risk-free return, is a critical input in portfolio allocation decisions as well as in capital budgeting decisions. It is also at the heart of the ongoing policy debate about whether a portion of the social security trust fund should be invested in the equity market or not. Consequently, it is crucia ...
David Aranzabal
... Time flexibility is a great advantage for people with various schedules and allows for adaptation to everyone's day ...
... Time flexibility is a great advantage for people with various schedules and allows for adaptation to everyone's day ...
