Macroeconomics – Austrians vs. Keynesians
... college will read lofty books on economic thought? My hope is that students will gain an interest in economics and the world around them. If some students become active participants in our political and economic system, the book will have accomplished its purpose. Student engagement should be the ul ...
... college will read lofty books on economic thought? My hope is that students will gain an interest in economics and the world around them. If some students become active participants in our political and economic system, the book will have accomplished its purpose. Student engagement should be the ul ...
Quantifying Liquidity and Default Risks of Corporate Bonds over the
... of corporate bonds: (1) corporate bonds with higher credit ratings tend to be more liquid; (2) corporate bonds are less liquid during economic downturns, especially for riskier bonds.2 The interactions can also significantly raise the level of credit spreads and make them more volatile over the busi ...
... of corporate bonds: (1) corporate bonds with higher credit ratings tend to be more liquid; (2) corporate bonds are less liquid during economic downturns, especially for riskier bonds.2 The interactions can also significantly raise the level of credit spreads and make them more volatile over the busi ...
influence of liquidity on profitability - e
... costs related to storing and insuring them – the higher the level of inventories, the higher the costs of keeping them. Moreover, in case of inventories stored for a long time the company may bear the costs resulting from their deterioration or aging, experiencing the loss amounting to their total ...
... costs related to storing and insuring them – the higher the level of inventories, the higher the costs of keeping them. Moreover, in case of inventories stored for a long time the company may bear the costs resulting from their deterioration or aging, experiencing the loss amounting to their total ...
Chicago Board of Trade (CBOT)
... "@" indicates the most recently auctioned US Treasury security eligible for delivery. Information contained in this publication is taken from sources believed to be reliable, but it is not guaranteed by the Chicago Board of Trade as to its accuracy or completeness, nor as to any trading result, and ...
... "@" indicates the most recently auctioned US Treasury security eligible for delivery. Information contained in this publication is taken from sources believed to be reliable, but it is not guaranteed by the Chicago Board of Trade as to its accuracy or completeness, nor as to any trading result, and ...
PDF - The Institute of International Finance
... (reflecting greater security) and bank bond investors were equally prepared to supply more long–term debt at manageable spreads, then the negative growth implications of the capital and liquidity reforms ...
... (reflecting greater security) and bank bond investors were equally prepared to supply more long–term debt at manageable spreads, then the negative growth implications of the capital and liquidity reforms ...
A Clearer View of Your Path to Retirement
... Investments in target date funds are subject to the risks of their underlying funds, and asset allocations are subject to change over time in accordance with each fund’s prospectus. An investment in or retirement income from a target date portfolio is not guaranteed at any time, including on or afte ...
... Investments in target date funds are subject to the risks of their underlying funds, and asset allocations are subject to change over time in accordance with each fund’s prospectus. An investment in or retirement income from a target date portfolio is not guaranteed at any time, including on or afte ...
Liquidity article - Zebra Capital Management
... yield spread between illiquid Treasury notes and liquid Treasury bills of the same maturity is more than 35 basis points. According to Boudoukh and Whitelaw (1991), the yield spread is more than 50 basis points between the designated benchmark government bond and similar but less liquid government b ...
... yield spread between illiquid Treasury notes and liquid Treasury bills of the same maturity is more than 35 basis points. According to Boudoukh and Whitelaw (1991), the yield spread is more than 50 basis points between the designated benchmark government bond and similar but less liquid government b ...
Study Unit 2 - CMAPrepCourse
... – How efficiently the company deploys its investment in plant assets to generate revenues. – Higher turnover is preferable. – Affected by the capital intensiveness of the company and its industry, by the age of the assets, and by depreciation ...
... – How efficiently the company deploys its investment in plant assets to generate revenues. – Higher turnover is preferable. – Affected by the capital intensiveness of the company and its industry, by the age of the assets, and by depreciation ...
Bulletin Contents Volume 75 No. 1, March 2012
... This article reviews how the Reserve Bank’s prudential supervision activities have evolved over the last five years. During this period, three major impacts on prudential supervision have been the global financial crisis (GFC), the collapse of nearly 50 finance companies and the Canterbury earthquak ...
... This article reviews how the Reserve Bank’s prudential supervision activities have evolved over the last five years. During this period, three major impacts on prudential supervision have been the global financial crisis (GFC), the collapse of nearly 50 finance companies and the Canterbury earthquak ...
102finalmc
... Jerry has the choice of two bonds, one that pays 3 percent interest and one that pays 6 percent interest. Which of the following is most likely? a. The 6 percent bond is less risky than the 3 percent bond. b. The 6 percent bond is a U.S. government bond, and the 3 percent bond is a junk bond. c. The ...
... Jerry has the choice of two bonds, one that pays 3 percent interest and one that pays 6 percent interest. Which of the following is most likely? a. The 6 percent bond is less risky than the 3 percent bond. b. The 6 percent bond is a U.S. government bond, and the 3 percent bond is a junk bond. c. The ...
ProShares Profile EMDV
... EMDV’s total operating expenses are 0.60%. The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original ...
... EMDV’s total operating expenses are 0.60%. The performance quoted represents past performance and does not guarantee future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than the original ...
Report 58 - Euro Bonds High Yield Short Term
... The principal object of the composite is to seek long‐term capital gains. It invests mainly in EUR High yield denominated debt with a maturity date not above 4 years. It has no geographic limitation and can invest in the emerging markets. It has no sector restriction and can invest in one or more o ...
... The principal object of the composite is to seek long‐term capital gains. It invests mainly in EUR High yield denominated debt with a maturity date not above 4 years. It has no geographic limitation and can invest in the emerging markets. It has no sector restriction and can invest in one or more o ...
Time Variation of Liquidity in the Private Real Estate Market: An
... institutional investors that generally do not use significant debt financing. Incomeproperty is an investment the value of which is derived from expected future cash flows, whereas owner-occupied housing serves as both an investment and consumption good. Institutional real estate investors are less ...
... institutional investors that generally do not use significant debt financing. Incomeproperty is an investment the value of which is derived from expected future cash flows, whereas owner-occupied housing serves as both an investment and consumption good. Institutional real estate investors are less ...
Mutual Fund Performance: Luck or Skill?
... debate. Can luck, disguised as stock portfolios “chosen” by darts, outperform the skill of individual investors making their own reasoned portfolio choices? Ensign (2012) reports that in this well–received contest, luck wins out, in which darts beat “the readers, with 28 wins out of 46 contests.” Ho ...
... debate. Can luck, disguised as stock portfolios “chosen” by darts, outperform the skill of individual investors making their own reasoned portfolio choices? Ensign (2012) reports that in this well–received contest, luck wins out, in which darts beat “the readers, with 28 wins out of 46 contests.” Ho ...
A Transaction Data Study of the Forward Bias Puzzle
... themes in a framework that allows for order flow 3 related risk premia and expectational errors as well as presenting evidence on the connection between order flow and significant reversals. A simple microstructural trading-framework, combined with data on FX order flow and information on market par ...
... themes in a framework that allows for order flow 3 related risk premia and expectational errors as well as presenting evidence on the connection between order flow and significant reversals. A simple microstructural trading-framework, combined with data on FX order flow and information on market par ...
Who Owns the Assets?
... Insurance companies include property and casualty (P&C), health, life, monoline, and reinsurers. Each type of insurance company has a different business model with specific products from which they project their liabilities. While individual company portfolios differ significantly, the asset allocat ...
... Insurance companies include property and casualty (P&C), health, life, monoline, and reinsurers. Each type of insurance company has a different business model with specific products from which they project their liabilities. While individual company portfolios differ significantly, the asset allocat ...
Money and Monetary Policy - Current Practice
... sometimes referred to as “bank money“, “money stock” or “money supply” but we mostly use the simple term “money”. There are some exceptions to the definition of money. For ...
... sometimes referred to as “bank money“, “money stock” or “money supply” but we mostly use the simple term “money”. There are some exceptions to the definition of money. For ...
investment
... Major asset: Education or investment in human capital: earning power derived from their skill; at this point financial risk due to illness or injury is greater than that associated with the rate of return on their portfolios of financial assets-insurance. Major economic asset: is to buy their own ...
... Major asset: Education or investment in human capital: earning power derived from their skill; at this point financial risk due to illness or injury is greater than that associated with the rate of return on their portfolios of financial assets-insurance. Major economic asset: is to buy their own ...
ANZ EMERGING MARKETS FOREIGN EXCHANGE GUIDE
... Market participants are able to buy INR freely from any bank for transactions approved under the Foreign Exchange Management Act (FEMA). Approval is not required for most current account transactions. However, some types of transactions are subject to limits, where approval from the Reserve Bank of ...
... Market participants are able to buy INR freely from any bank for transactions approved under the Foreign Exchange Management Act (FEMA). Approval is not required for most current account transactions. However, some types of transactions are subject to limits, where approval from the Reserve Bank of ...
Monetary policy in albania: froM the past to the
... of professionalism; an institution that applies the most modern methods of monetary management; the heart of the financial system. Aware of the decisive role that modern theories on economic growth assign to institutions for the prosperity of a nation, and taking advantage of the support from the p ...
... of professionalism; an institution that applies the most modern methods of monetary management; the heart of the financial system. Aware of the decisive role that modern theories on economic growth assign to institutions for the prosperity of a nation, and taking advantage of the support from the p ...
Climate Policies Deserve a Negative Discount Rate
... The thesis defended in this Article is that using a negative discount rate to evaluate climate policies may be justified. This conclusion follows from two important steps, each of which is an interesting separate thesis. First, different policies should be evaluated with different discount rates, de ...
... The thesis defended in this Article is that using a negative discount rate to evaluate climate policies may be justified. This conclusion follows from two important steps, each of which is an interesting separate thesis. First, different policies should be evaluated with different discount rates, de ...
Implied Excess Return
... Optional point: For example, the estimated pattern of growth may not be correct. In the OJ formula, the perpetual growth also defines the rate at which the short-term growth decays to perpetual growth. That is, the model does not require estimates of persistence of growth. This is an advantage and a ...
... Optional point: For example, the estimated pattern of growth may not be correct. In the OJ formula, the perpetual growth also defines the rate at which the short-term growth decays to perpetual growth. That is, the model does not require estimates of persistence of growth. This is an advantage and a ...
diversified growth funds - Pensions and Lifetime Savings Association
... and tactical asset allocation, with greater focus on risk management 3. Absolute Return Funds: aiming to deliver a target return, that is often formulated as Libor/cash +, to be delivered in all market conditions. These strategies rely heavily on the fund manager’s expertise to deliver alpha to ach ...
... and tactical asset allocation, with greater focus on risk management 3. Absolute Return Funds: aiming to deliver a target return, that is often formulated as Libor/cash +, to be delivered in all market conditions. These strategies rely heavily on the fund manager’s expertise to deliver alpha to ach ...
CMBS Subordination, Ratings Inflation, and Regulatory
... or irrationality. Third, consistent with the findings of Driessen and Van Hemert (2011) and unlike the RMBS market, we shall show that there were no major changes in the underlying market for commercial loans over this period. Finally, in the years prior to the crisis there were significant regulat ...
... or irrationality. Third, consistent with the findings of Driessen and Van Hemert (2011) and unlike the RMBS market, we shall show that there were no major changes in the underlying market for commercial loans over this period. Finally, in the years prior to the crisis there were significant regulat ...