The Rand Crises of 1998 and 2001
... Argentina had a minimal spillover effect on emerging markets and so were unlikely to have played a role in the depreciation of the rand—as evidenced by the falling EMBI spread for South Africa (see Figure 10.3). However, some have argued that the rand suffered from other external factors, such as th ...
... Argentina had a minimal spillover effect on emerging markets and so were unlikely to have played a role in the depreciation of the rand—as evidenced by the falling EMBI spread for South Africa (see Figure 10.3). However, some have argued that the rand suffered from other external factors, such as th ...
Financial Liberalization and Banking Crises in Emerging Economies∗
... It is indeed likely that newly liberalized banking systems will have major institutional flaws. This explanation, however, is static in nature. It applies to all liberalized banking sectors, whether recently liberalized or not; competition and moral hazard explain the American Savings and Loan cris ...
... It is indeed likely that newly liberalized banking systems will have major institutional flaws. This explanation, however, is static in nature. It applies to all liberalized banking sectors, whether recently liberalized or not; competition and moral hazard explain the American Savings and Loan cris ...
The Investment Funds Act, 2003 - Securities Commission of the
... submitted resumes Financial Statements (if any) Prescribed application fee (non-refundable) Other documentation as requested by the Commission ...
... submitted resumes Financial Statements (if any) Prescribed application fee (non-refundable) Other documentation as requested by the Commission ...
A Challenging Environment for Active Management.indd
... encouraged by excessive monetary policy. We can observe this, however, in the performance of small cap companies, particularly ones with lower quality financials and greater earnings variability. This is how investors are playing the Fed’s free pass on risk and, more than any other time, these facto ...
... encouraged by excessive monetary policy. We can observe this, however, in the performance of small cap companies, particularly ones with lower quality financials and greater earnings variability. This is how investors are playing the Fed’s free pass on risk and, more than any other time, these facto ...
Chapter One
... Providing maturity intermediation is a major function of FIs. Recall from Part I of the text that institutions are intermediaries between ultimate borrowers and lenders. They serve as asset transformers by providing claims designed to better meet the specific needs of the two ultimate claimants. The ...
... Providing maturity intermediation is a major function of FIs. Recall from Part I of the text that institutions are intermediaries between ultimate borrowers and lenders. They serve as asset transformers by providing claims designed to better meet the specific needs of the two ultimate claimants. The ...
Western Asset Corporate Bond Ladders 1-5 Years
... respect to the sectors listed and should not be used as a sole basis to make any investment decisions. Effective Duration is a duration calculation for bonds with embedded options. Effective duration takes into account that expected cash flows will fluctuate as interest rates change. Average Maturit ...
... respect to the sectors listed and should not be used as a sole basis to make any investment decisions. Effective Duration is a duration calculation for bonds with embedded options. Effective duration takes into account that expected cash flows will fluctuate as interest rates change. Average Maturit ...
The Impact of Economic Factors on Bank Profits
... sal banks, Austrian banks also sell many of the financial instruments into which investors diversified. More deregulation went hand in hand with comprehensive privatization of banks. Over the past 20 years, the public sector’s holdings of Austrian banks’ capital have gradually been scaled back, but ...
... sal banks, Austrian banks also sell many of the financial instruments into which investors diversified. More deregulation went hand in hand with comprehensive privatization of banks. Over the past 20 years, the public sector’s holdings of Austrian banks’ capital have gradually been scaled back, but ...
Chapter 1, Answer to Questions
... the other hand, represents the legal right to either buy or sell an asset at a predetermined price within a specified time period. Property constitutes investments in either real property (land and buildings) or tangible personal property (Rembrandt paintings, Ming vases, or antique cars). (b) With ...
... the other hand, represents the legal right to either buy or sell an asset at a predetermined price within a specified time period. Property constitutes investments in either real property (land and buildings) or tangible personal property (Rembrandt paintings, Ming vases, or antique cars). (b) With ...
Investment Choice by Plan Members in OECD Countries with
... plans have insurer as background organisation, two other are multi-employer plans and one is an open fund of a bank. The participating plans offer five (1), four (2) or three (2) portfolios. All funds have a default portfolio, which is not always the least risky. One plan applies a default/technical ...
... plans have insurer as background organisation, two other are multi-employer plans and one is an open fund of a bank. The participating plans offer five (1), four (2) or three (2) portfolios. All funds have a default portfolio, which is not always the least risky. One plan applies a default/technical ...
Ameriprise® Stock Market Certificate
... Your principal is guaranteed. Stock market fluctuations will never affect your principal. Ameriprise Certificate Company backs your entire investment with its reserves of cash and qualified investments on deposit rather than with insurance by the government.3 The assets backing the certificates have ...
... Your principal is guaranteed. Stock market fluctuations will never affect your principal. Ameriprise Certificate Company backs your entire investment with its reserves of cash and qualified investments on deposit rather than with insurance by the government.3 The assets backing the certificates have ...
Presentation of macroeconomic developments
... • Тhe NBS Executive Board decided to keep the key policy rate at 4.0%. The decision was made having in mind inflation factors, the effects of past monetary easing, and expectations that inflation will continue to move within the target tolerance band in the coming period. • The Board considers the i ...
... • Тhe NBS Executive Board decided to keep the key policy rate at 4.0%. The decision was made having in mind inflation factors, the effects of past monetary easing, and expectations that inflation will continue to move within the target tolerance band in the coming period. • The Board considers the i ...
Guide to Diversification
... companies as the market forces driving these two sectors can be completely different. However, as they are both listed on the stock market they are both subject to what affects the overall equity market, such as the impact of a government’s monetary policy, or inflation, as well as overall investor ...
... companies as the market forces driving these two sectors can be completely different. However, as they are both listed on the stock market they are both subject to what affects the overall equity market, such as the impact of a government’s monetary policy, or inflation, as well as overall investor ...
Proceedings of the 19 th Annual Global Finance Conference
... stocks. They find that there is considerable volatility in initial returns. To the extent that the IPO price is a forecast of the secondary market price for t he stock, these foreca sts are not only biased d ownward (underpricing), but the range of the foreca st (or pricing) errors is huge. In the S ...
... stocks. They find that there is considerable volatility in initial returns. To the extent that the IPO price is a forecast of the secondary market price for t he stock, these foreca sts are not only biased d ownward (underpricing), but the range of the foreca st (or pricing) errors is huge. In the S ...
Asymmetric Information and Financial Crises: A Historical
... pay a lower interest rate than they should. One result of this lemons problem is that some high-quality borrowers may drop out of the market, with what would have been profitable investment projects not being undertaken.1 Another result, as demonstrated by Stiglitz and Weiss (1981), is that informat ...
... pay a lower interest rate than they should. One result of this lemons problem is that some high-quality borrowers may drop out of the market, with what would have been profitable investment projects not being undertaken.1 Another result, as demonstrated by Stiglitz and Weiss (1981), is that informat ...
Profitability Determinants of Commercial banks in Paksitan
... Fadzlan (2010) studied the influence of bank’s internal factors and macroeconomic determinants on the Korean banks’ profitability during 1994 to 2008. The period can be divided into 4 sub-periods: the first period is tranquil period (1994-1996) which is before the financial crisis in Asia. Second pe ...
... Fadzlan (2010) studied the influence of bank’s internal factors and macroeconomic determinants on the Korean banks’ profitability during 1994 to 2008. The period can be divided into 4 sub-periods: the first period is tranquil period (1994-1996) which is before the financial crisis in Asia. Second pe ...
ALBANIAN FINANCIAL SUPERVISORY AUTHORITY
... including the independence of financial sector regulators. Today, the independence of institutions is a critical element of democracies. Independent regulators are common place around the world. The discussion is not whether there is a need for independent institutions. The need for establishing in ...
... including the independence of financial sector regulators. Today, the independence of institutions is a critical element of democracies. Independent regulators are common place around the world. The discussion is not whether there is a need for independent institutions. The need for establishing in ...
The Economic Outlook and Monetary Policy
... important to put these forecast misses into context by remembering that even though forecast errors of this magnitude, both above and below actual outcomes, may seem large, they are the norm among economic forecasters, not the exception. 3 Forecasting is a difficult task. The economy is constantly b ...
... important to put these forecast misses into context by remembering that even though forecast errors of this magnitude, both above and below actual outcomes, may seem large, they are the norm among economic forecasters, not the exception. 3 Forecasting is a difficult task. The economy is constantly b ...
MishkinCh06
... • Bonds of different maturities are not substitutes at all • The interest rate for each bond with a different maturity is determined by the demand for and supply of that bond • Investors have preferences for bonds of one maturity over another • If investors have short desired holding periods and gen ...
... • Bonds of different maturities are not substitutes at all • The interest rate for each bond with a different maturity is determined by the demand for and supply of that bond • Investors have preferences for bonds of one maturity over another • If investors have short desired holding periods and gen ...
Quantitative easing
... yields, reducing the cost of borrowing for households and companies leading to higher consumption and investment spending. Cheaper and easier access to working capital for companies should also help them to maintain output, improving the prospects for employment and hence consumer spending. Furtherm ...
... yields, reducing the cost of borrowing for households and companies leading to higher consumption and investment spending. Cheaper and easier access to working capital for companies should also help them to maintain output, improving the prospects for employment and hence consumer spending. Furtherm ...
Factsheet Total Emerging Markets Fund Class I USD
... Effective Duration: Measures the sensitivity of the price of a bond with embedded options to changes in interest rates, taking into account the likelihood of the bond being called, put and/or sunk prior to its final maturity date. BlackRock uses a proprietary duration model which employs certain ass ...
... Effective Duration: Measures the sensitivity of the price of a bond with embedded options to changes in interest rates, taking into account the likelihood of the bond being called, put and/or sunk prior to its final maturity date. BlackRock uses a proprietary duration model which employs certain ass ...
What is the Appropriate Size of the Banking System? Als je
... this view, the size of the banking sector should be in line with the financial needs of households and firms. In this article, we focus on the financial needs of an important subset of firms, the multinationals, as multinationals typically prefer to use a main bank of their home country with which t ...
... this view, the size of the banking sector should be in line with the financial needs of households and firms. In this article, we focus on the financial needs of an important subset of firms, the multinationals, as multinationals typically prefer to use a main bank of their home country with which t ...
Slide 1
... Since many financial institutions define their internal rating processes differently, it is useful that minimum standards are established for the “model” approval of internal ratings. In this respect, it is very important for Basel Accord to focus on the development of a minimum standards on banks’ ...
... Since many financial institutions define their internal rating processes differently, it is useful that minimum standards are established for the “model” approval of internal ratings. In this respect, it is very important for Basel Accord to focus on the development of a minimum standards on banks’ ...
Chapter 02 Asset Classes and Financial Instruments
... B. pay a variable interest rate that is indexed to inflation. C. provide a constant stream of income in real (inflation-adjusted) dollars. D. have their principal adjusted in proportion to the Consumer Price Index. E. provide a constant stream of income in real (inflation-adjusted) dollars and D hav ...
... B. pay a variable interest rate that is indexed to inflation. C. provide a constant stream of income in real (inflation-adjusted) dollars. D. have their principal adjusted in proportion to the Consumer Price Index. E. provide a constant stream of income in real (inflation-adjusted) dollars and D hav ...
30th Annual Platts Global Power Markets Conference
... Economic pressure from low natural gas prices initiated the first wave of asset retirements; regional natural gas price differentials amplify the problem ...
... Economic pressure from low natural gas prices initiated the first wave of asset retirements; regional natural gas price differentials amplify the problem ...
