Money, Banking, and Capital Formation
... this situation, higher rates of money growth lead to lower steady state capital stocks and reduced economic development.6 In addition, we investigate in some detail the properties of dynamical equilibria in the economy at hand. Under conditions that we describe, which amount to requiring that the r ...
... this situation, higher rates of money growth lead to lower steady state capital stocks and reduced economic development.6 In addition, we investigate in some detail the properties of dynamical equilibria in the economy at hand. Under conditions that we describe, which amount to requiring that the r ...
Exchange Rate Policies at the Zero Lower Bound
... do not pursue this in the present paper, this result has implications for the possibility of self-fulfilling appreciation “runs” at the ZLB. Another result focuses on the Central Bank’s balance sheet and the degree of fiscal support of the Central Bank. We consider a situation where the Central Ban ...
... do not pursue this in the present paper, this result has implications for the possibility of self-fulfilling appreciation “runs” at the ZLB. Another result focuses on the Central Bank’s balance sheet and the degree of fiscal support of the Central Bank. We consider a situation where the Central Ban ...
Enhanced Stress Testing and Financial Stability
... system; and problems with the banking system would have made the macro-economic situation even worse. Systemic risk stress-tests based on a macroeconomic scenario were used then to shore-up the banking system and the macroeconomy against this threat. During good times, the more relevant threats to t ...
... system; and problems with the banking system would have made the macro-economic situation even worse. Systemic risk stress-tests based on a macroeconomic scenario were used then to shore-up the banking system and the macroeconomy against this threat. During good times, the more relevant threats to t ...
Block trade reporting for OTC derivatives markets, January
... reporting of swaps1 transactions, as well as exemptions to the real-time reporting rules for large notional swap transactions and block trades (referred to collectively as “block trades” throughout this paper). A major challenge facing the CFTC and SEC is balancing the benefits of increased posttrad ...
... reporting of swaps1 transactions, as well as exemptions to the real-time reporting rules for large notional swap transactions and block trades (referred to collectively as “block trades” throughout this paper). A major challenge facing the CFTC and SEC is balancing the benefits of increased posttrad ...
unit – i investment setting - KV Institute of Management and
... minimizing risk and maximizing the rate of return are interrelated objectives in the investment management. An investment whose rate of return varies widely from period to period is risky than whose return that does not change much. Every investor likes to reduce the risk of his investment by proper ...
... minimizing risk and maximizing the rate of return are interrelated objectives in the investment management. An investment whose rate of return varies widely from period to period is risky than whose return that does not change much. Every investor likes to reduce the risk of his investment by proper ...
S T A T E M E N T ... M O N E T A R Y ... 9 MAY 2008
... recently of asset sales resulting from de-leveraging. The general shift in sentiment during this period has also been seen in rising government bond yields, a decline in credit default swap premia, and a firming in global share markets. Nevertheless, sentiment remains fragile. The primary exception ...
... recently of asset sales resulting from de-leveraging. The general shift in sentiment during this period has also been seen in rising government bond yields, a decline in credit default swap premia, and a firming in global share markets. Nevertheless, sentiment remains fragile. The primary exception ...
Financial Markets, Banks` Cost of Funding, and Firms` Decisions
... Our identifying assumption is that these interacted exposures are orthogonal to the idiosyncratic shocks to firms’ decisions. The use of pre-crisis exposures deals with possible feedback from firms’ decisions to bank portfolio choices. Furthermore, even though the financial and sovereign debt crise ...
... Our identifying assumption is that these interacted exposures are orthogonal to the idiosyncratic shocks to firms’ decisions. The use of pre-crisis exposures deals with possible feedback from firms’ decisions to bank portfolio choices. Furthermore, even though the financial and sovereign debt crise ...
The great turn-of-the-century housing boom
... Note: Shaded areas indicate recessions as determined by the National shorthand for writing xt – xt–1.6 We use a Bureau of Economic Research. Sources: Federal Housing Finance Board data and U.S. Bureau of Economic series of instrumental variables regresAnalysis, national income and product accounts d ...
... Note: Shaded areas indicate recessions as determined by the National shorthand for writing xt – xt–1.6 We use a Bureau of Economic Research. Sources: Federal Housing Finance Board data and U.S. Bureau of Economic series of instrumental variables regresAnalysis, national income and product accounts d ...
Establishing China`s Green Financial System Detailed
... became insufficient and attracting private capital into environmental industry became an urgent priority. Bank lending served as an early means of attracting private capital into the environmental ...
... became insufficient and attracting private capital into environmental industry became an urgent priority. Bank lending served as an early means of attracting private capital into the environmental ...
Rebalancing the housing and mortgage markets – critical issues
... the future scale and structure of those markets, and just how far they will differ from the market and regulatory regimes that operated in the (almost) three decades to 2007. While there have been a number of government policy initiatives, primarily aimed at easing the market downturn and seeking to ...
... the future scale and structure of those markets, and just how far they will differ from the market and regulatory regimes that operated in the (almost) three decades to 2007. While there have been a number of government policy initiatives, primarily aimed at easing the market downturn and seeking to ...
May 2016 Factsheet Monthly
... Equity risk: Equity prices fluctuate daily, based on many factors including general, economic, industry or company news. High yield bond risk: High yield bonds (normally lower rated or unrated) generally carry greater market, credit and liquidity risk. Interest rate risk: A rise in interest rates ge ...
... Equity risk: Equity prices fluctuate daily, based on many factors including general, economic, industry or company news. High yield bond risk: High yield bonds (normally lower rated or unrated) generally carry greater market, credit and liquidity risk. Interest rate risk: A rise in interest rates ge ...
an efficient market
... Size effect Strong form efficient market hypothesis Technical analysis Weak form efficient market hypothesis ...
... Size effect Strong form efficient market hypothesis Technical analysis Weak form efficient market hypothesis ...
Banking on Bonds: The New Links Between States and Markets*
... For DB, the repo is an SFT (securities financing transaction). DB uses its portfolio of marketable securities to raise short-term market funding without giving up the returns on those assets. Because repos are structured legally as sales/repurchase (of collateral) agreements and in economic terms as ...
... For DB, the repo is an SFT (securities financing transaction). DB uses its portfolio of marketable securities to raise short-term market funding without giving up the returns on those assets. Because repos are structured legally as sales/repurchase (of collateral) agreements and in economic terms as ...
FDI versus cross-border financial services: The
... The current period of globalisation has many similarities with earlier globalisation episodes. Capital flows and trade have expanded rapidly in the past two decades and have now reached levels similar to those observed during the time of the Gold Standard (Baldwin and Martin 1999, Obstfeld and Taylo ...
... The current period of globalisation has many similarities with earlier globalisation episodes. Capital flows and trade have expanded rapidly in the past two decades and have now reached levels similar to those observed during the time of the Gold Standard (Baldwin and Martin 1999, Obstfeld and Taylo ...
OPTIMUM MARKET PORTFOLIOS With Experience
... Stocks and bonds will experience market fluctuations and may be worth more or less upon sale. Small cap stocks may be subject to a higher degree of market risk than large cap stocks, and the illiquidity of the small cap market may adversely affect the value of these investments so that when redeemed ...
... Stocks and bonds will experience market fluctuations and may be worth more or less upon sale. Small cap stocks may be subject to a higher degree of market risk than large cap stocks, and the illiquidity of the small cap market may adversely affect the value of these investments so that when redeemed ...
Some Theoretical Considerations Regarding Net Asset Values for
... paper from money market funds (see Duygan-Bump et al. [2013]). Money market funds (or, money funds, for short) are open-end mutual funds that invest in short-term high-credit-quality debt instruments such as commercial paper, large certi…cates of deposit, Treasury bonds, and repurchase agreements. M ...
... paper from money market funds (see Duygan-Bump et al. [2013]). Money market funds (or, money funds, for short) are open-end mutual funds that invest in short-term high-credit-quality debt instruments such as commercial paper, large certi…cates of deposit, Treasury bonds, and repurchase agreements. M ...
Title of presentation
... UK vs. US: equalizing gross yields, UK consumer platforms appear to generate better returns • Anecdotally, UK offers better risk reward than US: Comparing Zopa loans of equal gross yield (USD swapped) to Lending Club ‘A grade’ and ‘B grade’ loans shows that equivalent Zopa loans yields an extra 0.4- ...
... UK vs. US: equalizing gross yields, UK consumer platforms appear to generate better returns • Anecdotally, UK offers better risk reward than US: Comparing Zopa loans of equal gross yield (USD swapped) to Lending Club ‘A grade’ and ‘B grade’ loans shows that equivalent Zopa loans yields an extra 0.4- ...
Methodology And Assumptions: Liquidity
... considered. We would not include excess borrowing availability beyond our forecasted seasonal working capital needs included under uses of liquidity. If covenants are present, we will only include the portion of committed short-term bank lines that we estimate is available without a covenant breach. ...
... considered. We would not include excess borrowing availability beyond our forecasted seasonal working capital needs included under uses of liquidity. If covenants are present, we will only include the portion of committed short-term bank lines that we estimate is available without a covenant breach. ...
Bulletin Contents Volume 77, No. 2, June 2014
... between the terms of trade and the real exchange rate may, for example, be the result of stronger domestic demand from higher export prices. Even though spending effects from terms of trade changes tend to take time to affect the real economy, and therefore inflation, the nominal exchange rate may q ...
... between the terms of trade and the real exchange rate may, for example, be the result of stronger domestic demand from higher export prices. Even though spending effects from terms of trade changes tend to take time to affect the real economy, and therefore inflation, the nominal exchange rate may q ...
Week Ahead: Global Stocks Mixed as US Cheer Vies With Europe
... Stocks rallied in the US after the release of the June employment situation report. The report offset concerns about Egypt and Portugal. The Dow Jones industrials, S&P and Nasdaq gained 1.0 % each on Friday. Trading was choppy and light. For the holiday shortened week, they were up 1.5 %, 1.6 % and ...
... Stocks rallied in the US after the release of the June employment situation report. The report offset concerns about Egypt and Portugal. The Dow Jones industrials, S&P and Nasdaq gained 1.0 % each on Friday. Trading was choppy and light. For the holiday shortened week, they were up 1.5 %, 1.6 % and ...
What Else Can Central Banks Do? - Centre for Economic Policy
... banks can do to stimulate economies when interest rates have reached zero. The authors argue that the negative interest rates and quantitative easing used by central banks in advanced economies since 2009 have been effective and that such policies could be expanded if needed. To lessen future constr ...
... banks can do to stimulate economies when interest rates have reached zero. The authors argue that the negative interest rates and quantitative easing used by central banks in advanced economies since 2009 have been effective and that such policies could be expanded if needed. To lessen future constr ...
Research on the Financing System of Small and Medium-Sized Enterprise
... fully into account the actual direct funding capacity, cost and risk of direct financing. As a result, less successful financing cases in medium and small enterprises. 2.2.2 High issuing and listing cost for small and medium-size enterprises The issuing and listing of enterprises need extensive sour ...
... fully into account the actual direct funding capacity, cost and risk of direct financing. As a result, less successful financing cases in medium and small enterprises. 2.2.2 High issuing and listing cost for small and medium-size enterprises The issuing and listing of enterprises need extensive sour ...
Volume 73 No. 4, December 2010 Contents
... The non-bank deposit taking (NBDT) sector comprises building societies, credit unions and finance companies. NBDTs can play an important role in the economy, providing services complementary to those provided by banks. In recent years, many finance companies have failed, resulting in a significant l ...
... The non-bank deposit taking (NBDT) sector comprises building societies, credit unions and finance companies. NBDTs can play an important role in the economy, providing services complementary to those provided by banks. In recent years, many finance companies have failed, resulting in a significant l ...
FRONT STREET TACTICAL BOND FUND Interim Management
... M5E 1G4 or by visiting our website at www.frontstreetcapital.com or SEDAR at www.sedar.com. Securityholders may also contact us using one of these methods to request a copy of the Fund’s proxy voting policies and procedures, proxy voting disclosure record, or quarterly portfolio disclosure relating ...
... M5E 1G4 or by visiting our website at www.frontstreetcapital.com or SEDAR at www.sedar.com. Securityholders may also contact us using one of these methods to request a copy of the Fund’s proxy voting policies and procedures, proxy voting disclosure record, or quarterly portfolio disclosure relating ...
Report
... Complexity of AIG created regulatory blind spot that led to AIG’s near collapse (nominally regulated by Office of Thrift Supervision) US government policy permitted investment banks to become over-leveraged, helping to precipitate crisis Lack of regulatory oversight contributed to the housing bubble ...
... Complexity of AIG created regulatory blind spot that led to AIG’s near collapse (nominally regulated by Office of Thrift Supervision) US government policy permitted investment banks to become over-leveraged, helping to precipitate crisis Lack of regulatory oversight contributed to the housing bubble ...