interest rate and inflation risks in PFI contracts
... bidder, at (or around) Financial Close when the Unitary Charge level is finally set. So far this Application Note has considered interest-rate risk during the life of the PFI Contract. A further issue, however, is the gap in the time between bidding and Financial Close. When bidding for a PFI Contra ...
... bidder, at (or around) Financial Close when the Unitary Charge level is finally set. So far this Application Note has considered interest-rate risk during the life of the PFI Contract. A further issue, however, is the gap in the time between bidding and Financial Close. When bidding for a PFI Contra ...
Prudential Requirements Consultation Paper
... The Government of Jamaica has announced its intention to continue strengthening the regulatory and supervisory framework of the securities dealers (SD) sector in order to assist in strengthening the sectors ability to withstand future shocks. The Government recognises the major contribution made by ...
... The Government of Jamaica has announced its intention to continue strengthening the regulatory and supervisory framework of the securities dealers (SD) sector in order to assist in strengthening the sectors ability to withstand future shocks. The Government recognises the major contribution made by ...
Volume 72 No. 3, September 2009 Contents
... In our third article, Matthew Wright discusses the socioeconomic aspects of the Great Depression of the 1930s in New Zealand. He discusses how social and political factors may have influenced popular perceptions of New Zealand’s experience of that time more strongly than the actual economic circumst ...
... In our third article, Matthew Wright discusses the socioeconomic aspects of the Great Depression of the 1930s in New Zealand. He discusses how social and political factors may have influenced popular perceptions of New Zealand’s experience of that time more strongly than the actual economic circumst ...
A note on portfolio selection, diversification and
... the number of funds in a portfolio is likely to be of interest as well as of importance to investors. It is also desirable to assess the statistical significance of a change in the number of funds in the FoF portfolio for each of the performance measures examined. For example, does increasing the nu ...
... the number of funds in a portfolio is likely to be of interest as well as of importance to investors. It is also desirable to assess the statistical significance of a change in the number of funds in the FoF portfolio for each of the performance measures examined. For example, does increasing the nu ...
The IS-LM-FE Model - Pearson Higher Education
... purchases reduces national saving as long as household consumption falls less than one for one in response. Evidence suggests that consumers do not reduce their spending dollar for dollar in response to more government purchases. That is, if nothing else changes, an increase in government purchases ...
... purchases reduces national saving as long as household consumption falls less than one for one in response. Evidence suggests that consumers do not reduce their spending dollar for dollar in response to more government purchases. That is, if nothing else changes, an increase in government purchases ...
A Comparative Study of Venture Capital Performance in the US and
... Such returns, however, are generally associated with higher risk, lower liquidity, longer investment horizon, and higher information asymmetry than the public equity investments. Venture capital funds specialize in long-term private equity investments in startup and super-growth companies that offer ...
... Such returns, however, are generally associated with higher risk, lower liquidity, longer investment horizon, and higher information asymmetry than the public equity investments. Venture capital funds specialize in long-term private equity investments in startup and super-growth companies that offer ...
household debt and unemployment
... we do not include layoffs or unemployed households without debt—the vacancy-posting effect is due to the labor-market-search distortions of already-indebted unemployed workers. However, empirical evidence suggests that it may be reasonable to abstract from these considerations. In fact, employment s ...
... we do not include layoffs or unemployed households without debt—the vacancy-posting effect is due to the labor-market-search distortions of already-indebted unemployed workers. However, empirical evidence suggests that it may be reasonable to abstract from these considerations. In fact, employment s ...
household debt and unemployment
... we do not include layoffs or unemployed households without debt—the vacancy-posting effect is due to the labor-market-search distortions of already-indebted unemployed workers. However, empirical evidence suggests that it may be reasonable to abstract from these considerations. In fact, employment s ...
... we do not include layoffs or unemployed households without debt—the vacancy-posting effect is due to the labor-market-search distortions of already-indebted unemployed workers. However, empirical evidence suggests that it may be reasonable to abstract from these considerations. In fact, employment s ...
Information Acquisition vs. Liquidity in Financial Markets
... Stanford University, Graduate School of Business. Email: [email protected]. I thank Pierre-Olivier Gourinchas, William Fuchs, Christine Parlour, Demian Pouzo and David Romer for insightful discussions and suggestions. I also ...
... Stanford University, Graduate School of Business. Email: [email protected]. I thank Pierre-Olivier Gourinchas, William Fuchs, Christine Parlour, Demian Pouzo and David Romer for insightful discussions and suggestions. I also ...
chapter 1
... It is true that stocks offer higher long-run rates of return than do bonds, but it is also true that stocks have a higher standard deviation of return. So, which investment is preferable depends on the amount of risk one is willing to tolerate. This is a complicated issue and depends on numerous fac ...
... It is true that stocks offer higher long-run rates of return than do bonds, but it is also true that stocks have a higher standard deviation of return. So, which investment is preferable depends on the amount of risk one is willing to tolerate. This is a complicated issue and depends on numerous fac ...
Does Liquidity Affect Securities Market Efficiency?
... reasons, tests of efficiency using TradeSports data nicely complement the evidence from wagering markets, experimental markets, and conventional financial markets. To measure the liquidity of securities markets on the TradeSports exchange, I rely on two indicators designed to capture O’Hara’s (1995 ...
... reasons, tests of efficiency using TradeSports data nicely complement the evidence from wagering markets, experimental markets, and conventional financial markets. To measure the liquidity of securities markets on the TradeSports exchange, I rely on two indicators designed to capture O’Hara’s (1995 ...
Monthly balance sheet statistics
... The period from the date of giving notice to the maturity date is to be regarded as the period of notice. If a period during which notice may not be given is agreed upon in addition to the period of notice, this must be taken into account in the classification; on the expiry of the period resulting ...
... The period from the date of giving notice to the maturity date is to be regarded as the period of notice. If a period during which notice may not be given is agreed upon in addition to the period of notice, this must be taken into account in the classification; on the expiry of the period resulting ...
Property Lending Barometer 2016
... in terms of whether countries in continental Europe are expected to benefit overall or suffer from the medium to long-term consequences. At a global level, higher volatility is expected, as the UK accounts for 16% of the European Union’s GDP. Bank lending As in the previous two years, a recovery pha ...
... in terms of whether countries in continental Europe are expected to benefit overall or suffer from the medium to long-term consequences. At a global level, higher volatility is expected, as the UK accounts for 16% of the European Union’s GDP. Bank lending As in the previous two years, a recovery pha ...
Assessing the Startup Bandwagon Effect
... market with a constant source of innovation. Many companies that are now household names were founded through VC fundraising, including Apple, Amazon and Facebook. According to the National Venture Capital Association (NVCA), in 2010 there were 11.9 million venture-backed jobs accounting for 11 perc ...
... market with a constant source of innovation. Many companies that are now household names were founded through VC fundraising, including Apple, Amazon and Facebook. According to the National Venture Capital Association (NVCA), in 2010 there were 11.9 million venture-backed jobs accounting for 11 perc ...
How Do Private Equity Investments Perform Compared to Public
... those to public equity. We focus on Kaplan and Schoar’s (2005) PME, which directly compares an investment in a PE fund to an equivalently-timed investment in the relevant public market. The PME calculation discounts (or invests) all cash distributions and residual value to the fund at the public mar ...
... those to public equity. We focus on Kaplan and Schoar’s (2005) PME, which directly compares an investment in a PE fund to an equivalently-timed investment in the relevant public market. The PME calculation discounts (or invests) all cash distributions and residual value to the fund at the public mar ...
Jeffrey Gundlach
... S&P 500 Index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. U..S. High Yield spreads refers to Bloomberg USD High Yield Corporate Bond Index (BUHY) Index high Yield market is rules-based ...
... S&P 500 Index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. U..S. High Yield spreads refers to Bloomberg USD High Yield Corporate Bond Index (BUHY) Index high Yield market is rules-based ...
accounting and market based risk measures as predictors of bank
... default. Previous literature finds an association between the two measures but it is important to have empirical evidence on which one of the measures can predict a bank failure more effectively. The financial world is characterized of the plethora of connections among its components something that ...
... default. Previous literature finds an association between the two measures but it is important to have empirical evidence on which one of the measures can predict a bank failure more effectively. The financial world is characterized of the plethora of connections among its components something that ...
No.1 - BNR
... Furthermore, his analysis showed that both the money demand and velocity functions depend on the market interest rate. Wicksell’s (1907) treatment of the quantity theory in his article, The Influence of the Rate of Interest on Prices, differed remarkably from the works of other classical writers suc ...
... Furthermore, his analysis showed that both the money demand and velocity functions depend on the market interest rate. Wicksell’s (1907) treatment of the quantity theory in his article, The Influence of the Rate of Interest on Prices, differed remarkably from the works of other classical writers suc ...
NBER WORKING PAPER SERIES BUBBLY LIQUIDITY Emmanuel Farhi Jean Tirole
... of the store of value, which is used as an input in the production process; this future increase in the price of the store of value raises the firms’ wealth and thereby today’s investment. In our paper, it is yesterday’s investment that supports today’s investment, by creating securities that firms ...
... of the store of value, which is used as an input in the production process; this future increase in the price of the store of value raises the firms’ wealth and thereby today’s investment. In our paper, it is yesterday’s investment that supports today’s investment, by creating securities that firms ...
The “Mystery of the Printing Press” Monetary Policy and Self
... will to buy government paper, without any impact on current prices. To the extent that markets price the risk of non-fundamental default in sovereign rates, these purchases would arbitrarily reduce the cost of servicing the debt and thus eliminate any self-ful…lling equilibria (because …at money is ...
... will to buy government paper, without any impact on current prices. To the extent that markets price the risk of non-fundamental default in sovereign rates, these purchases would arbitrarily reduce the cost of servicing the debt and thus eliminate any self-ful…lling equilibria (because …at money is ...
Financial Supply Chain Dynamics Risk Operational
... having a sufficient amount of assets in the bank. ...
... having a sufficient amount of assets in the bank. ...
... home equity, low levels of financial assets and restricted opportunities to borrow are unable to move. It employs unique, administrative population data on residential location, home-ownership, family structure, and household balance sheets from the Netherlands. The rapid rise in Dutch house prices ...
Superannuation funds and alternative asset investment
... infrastructure, is their relative illiquidity. While this is not in itself a concern, the relationship between the liquidity of a fund’s assets and the likelihood of payments from the fund, as a result of members either retiring or moving to other funds, must be carefully managed by trustees. Less l ...
... infrastructure, is their relative illiquidity. While this is not in itself a concern, the relationship between the liquidity of a fund’s assets and the likelihood of payments from the fund, as a result of members either retiring or moving to other funds, must be carefully managed by trustees. Less l ...
The Democratization of Credit and the Rise in Consumer Bankruptcies
... Notable exceptions to this are Allard, Cresta, and Rochet (1997) and Newhouse (1996), who show that fixed costs can support pooling equilibria in insurance markets with a finite number of risk types. ...
... Notable exceptions to this are Allard, Cresta, and Rochet (1997) and Newhouse (1996), who show that fixed costs can support pooling equilibria in insurance markets with a finite number of risk types. ...