The Myth of Diversification: Risk Factors vs. Asset Classes
... No representation is being made that any account, product, or strategy will or is likely to achieve profits, losses, or results similar to those shown. Hypothetical or simulated performance results have several inherent limitations. Unlike an actual performance record, simulated results do not repre ...
... No representation is being made that any account, product, or strategy will or is likely to achieve profits, losses, or results similar to those shown. Hypothetical or simulated performance results have several inherent limitations. Unlike an actual performance record, simulated results do not repre ...
Due Diligence - Risk Profiling Tool
... proposition is confirmed in our On-going Services and Proposition document. The breakdown of our service costs are detailed within this and are agreed with the client when the transaction is arranged. We constantly review all aspects of our services to ensure they remain suitable and appropriate. Th ...
... proposition is confirmed in our On-going Services and Proposition document. The breakdown of our service costs are detailed within this and are agreed with the client when the transaction is arranged. We constantly review all aspects of our services to ensure they remain suitable and appropriate. Th ...
85th Annual Report - Bank for International Settlements
... Easier monetary policies support asset prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Signs of increased financial risk-taking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Increasing duration and credit risk for EME corporate bond investors . . . ...
... Easier monetary policies support asset prices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Signs of increased financial risk-taking . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Increasing duration and credit risk for EME corporate bond investors . . . ...
Price Negotiation in Differentiated Products Markets: Evidence from
... profit margins for lenders. Understanding the extent of market power is crucial for evaluating policies designed to regulate mortgage markets. These include policies regarding the approval of bank mergers, constraints on the scope of bank activities, price discrimination, and banks’ costs of funding ...
... profit margins for lenders. Understanding the extent of market power is crucial for evaluating policies designed to regulate mortgage markets. These include policies regarding the approval of bank mergers, constraints on the scope of bank activities, price discrimination, and banks’ costs of funding ...
Financial Systems in Financial Crisis – An Analysis of Banking
... and the establishment of a low wage sector due to comprehensive labour market reforms led to stagnating wages in the years prior to the crisis. Correspondingly, domestic consumption growth in Germany was low. Contrary to the promises of many economists and politicians, wage moderation did not lead t ...
... and the establishment of a low wage sector due to comprehensive labour market reforms led to stagnating wages in the years prior to the crisis. Correspondingly, domestic consumption growth in Germany was low. Contrary to the promises of many economists and politicians, wage moderation did not lead t ...
The 4% Rule is Not Safe in a Low-Yield World by Michael Finke, Ph
... A recent working paper by Carolin Pflueger and Luis Viceira of the Harvard Business School argues that TIPS rates also include an illiquidity premium of roughly 70 basis points above comparable short-term bond investments. This is because TIPS are traded less frequently than other government bonds. ...
... A recent working paper by Carolin Pflueger and Luis Viceira of the Harvard Business School argues that TIPS rates also include an illiquidity premium of roughly 70 basis points above comparable short-term bond investments. This is because TIPS are traded less frequently than other government bonds. ...
Essays in Monetary Policy and Banking Babak Mahmoudi
... Modigliani and Sutch (1966), Modigliani and Sutch (1967) and Swanson, Reichlin, and Wright (2011) discuss these policies. ...
... Modigliani and Sutch (1966), Modigliani and Sutch (1967) and Swanson, Reichlin, and Wright (2011) discuss these policies. ...
Leverage, Default, and Forgiveness: Lessons from the American
... When lenders are afraid of default they often ask for collateral to secure their loans. How much collateral they require is a crucial variable in the economy called the collateral rate or leverage. Lenders also worry about the credit worthiness of the borrowers, which in the case of households is of ...
... When lenders are afraid of default they often ask for collateral to secure their loans. How much collateral they require is a crucial variable in the economy called the collateral rate or leverage. Lenders also worry about the credit worthiness of the borrowers, which in the case of households is of ...
Leverage, Default, and Forgiveness
... by the collateral and the amount promised. If the credit worthiness of the borrower is observable, that will also figure into the menu.8 Each potential loan will be priced in equilibrium, possibly all at different prices. For each potential loan, there is a separate supply and demand equation which fi ...
... by the collateral and the amount promised. If the credit worthiness of the borrower is observable, that will also figure into the menu.8 Each potential loan will be priced in equilibrium, possibly all at different prices. For each potential loan, there is a separate supply and demand equation which fi ...
Liquidity and Reserve Management: Strategies and Policies
... for a liquidity deficit, deciding when and where to raise additional funds. On the other hand, if at any point in time the supply of liquidity exceeds all liquidity demands (i.e., Lt > 0), management must prepare for a liquidity surplus, deciding when and where to profitably invest surplus liquid fu ...
... for a liquidity deficit, deciding when and where to raise additional funds. On the other hand, if at any point in time the supply of liquidity exceeds all liquidity demands (i.e., Lt > 0), management must prepare for a liquidity surplus, deciding when and where to profitably invest surplus liquid fu ...
Pricing of Corporate Loan : Credit Risk and Liquidity cost
... This PhD thesis investigates the pricing of a corporate loan according to the credit risk, the liquidity cost and the embedded prepayment option. When a firm needs money it can turn to its bank which lends it against e.g., periodic payments in a form of a loan. A loan contract issued by a bank for i ...
... This PhD thesis investigates the pricing of a corporate loan according to the credit risk, the liquidity cost and the embedded prepayment option. When a firm needs money it can turn to its bank which lends it against e.g., periodic payments in a form of a loan. A loan contract issued by a bank for i ...
Securitisation-Markets
... The impetus for securitization lies in the benefits that it brings to firms that choose to securitise their assets. Securitisation may prove attractive for several reasons It enables a firm to specialize in particular aspects of a complex business in which it might have a special advantage, rather t ...
... The impetus for securitization lies in the benefits that it brings to firms that choose to securitise their assets. Securitisation may prove attractive for several reasons It enables a firm to specialize in particular aspects of a complex business in which it might have a special advantage, rather t ...
FirstCash Announces New $100 Million Share
... This release contains forward-looking statements about the business, financial condition and prospects of FirstCash, Inc. and its wholly owned subsidiaries (together, the “Company”). Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be i ...
... This release contains forward-looking statements about the business, financial condition and prospects of FirstCash, Inc. and its wholly owned subsidiaries (together, the “Company”). Forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995, can be i ...
For general ART enquiries: Peter Allen Head of Alternative Risk
... basis of regulation of financial guarantee insurance”. ...
... basis of regulation of financial guarantee insurance”. ...
Chapter 1: An Introduction to Corporate Finance
... • Loss aversion causes an investor to place a heavier emphasis on losses than on comparable gains. • Unlike risk aversion, where investors dislike risk but are willing to assume it if they are adequately compensated, loss aversion results in investors seeking to avoid loss even if it results in subo ...
... • Loss aversion causes an investor to place a heavier emphasis on losses than on comparable gains. • Unlike risk aversion, where investors dislike risk but are willing to assume it if they are adequately compensated, loss aversion results in investors seeking to avoid loss even if it results in subo ...
RIT Consolidated Financial Statements - June 30, 2011 and 2010
... Cash and cash equivalents are carried at fair value and include cash on deposit with financial institutions and money market funds with maturities of three months or less when purchased. Cash and cash equivalents on deposit with bond trustees include cash, money market funds and U.S. government secu ...
... Cash and cash equivalents are carried at fair value and include cash on deposit with financial institutions and money market funds with maturities of three months or less when purchased. Cash and cash equivalents on deposit with bond trustees include cash, money market funds and U.S. government secu ...
financial institutions and markets
... industry, including the Securities Exchange Act, the Futures Trading Act, and the Collective Investment Act, are consolidated into the CMISA and will be replaced by it. If the CMISA is approved by the Korean National Assembly in the spring of 2007, according to the government’s expected schedule, it ...
... industry, including the Securities Exchange Act, the Futures Trading Act, and the Collective Investment Act, are consolidated into the CMISA and will be replaced by it. If the CMISA is approved by the Korean National Assembly in the spring of 2007, according to the government’s expected schedule, it ...
Stress testing of banks: an introduction
... modelling the way in which the scenario would be likely to affect different aspects of participating banks’ businesses. For example, an increase in unemployment would reduce the income of some households and may mean that more households default on their mortgages and other loans. From the perspecti ...
... modelling the way in which the scenario would be likely to affect different aspects of participating banks’ businesses. For example, an increase in unemployment would reduce the income of some households and may mean that more households default on their mortgages and other loans. From the perspecti ...
Franklin Floating Rate Daily Access Fund Summary Prospectus
... The Fund may invest in “covenant lite” loans and debt securities. Certain financial institutions may define “covenant lite” loans differently. Covenant lite loans or securities may have tranches that contain fewer or no restrictive covenants. The tranche of the covenant lite loan or debt security th ...
... The Fund may invest in “covenant lite” loans and debt securities. Certain financial institutions may define “covenant lite” loans differently. Covenant lite loans or securities may have tranches that contain fewer or no restrictive covenants. The tranche of the covenant lite loan or debt security th ...
SVP-SV and Rising Interest Rates.indd
... value seeks to preserve capital and outperform money market funds with similar or lower volatility. This attractive risk/return profile and stable value’s ability to historically produce investment returns 100 to 200 basis points above money markets, has bolstered the popularity of stable value fund ...
... value seeks to preserve capital and outperform money market funds with similar or lower volatility. This attractive risk/return profile and stable value’s ability to historically produce investment returns 100 to 200 basis points above money markets, has bolstered the popularity of stable value fund ...
Banks credit assessment to small businesses
... Small- and medium sized businesses (SMEs) are considered as an important source for the society and the economic growth. In the way that it is a valuable source of creating new job opportunities and introducing innovative products to the market among other factors (OECD, 2006). Small businesses repr ...
... Small- and medium sized businesses (SMEs) are considered as an important source for the society and the economic growth. In the way that it is a valuable source of creating new job opportunities and introducing innovative products to the market among other factors (OECD, 2006). Small businesses repr ...
CEE macro outlook: is Emerging Europe on the way to a
... In the United Kingdom, this publication is being communicated on a confidential basis only to clients of UniCredit Markets & Investment Banking Division (acting through Bayerische Hypo- und Vereinsbank, London Branch ("HVB London") and/or CA IB International Markets Limited and/or CAIB Corporate Fin ...
... In the United Kingdom, this publication is being communicated on a confidential basis only to clients of UniCredit Markets & Investment Banking Division (acting through Bayerische Hypo- und Vereinsbank, London Branch ("HVB London") and/or CA IB International Markets Limited and/or CAIB Corporate Fin ...
Disclosure on Market Discipline as required under Pillar III of Basel
... The following detailed qualitative and quantitative disclosures are provided in accordance with Bangladesh Bank rules and regulations on capital adequacy under Basel III issued through BRPD Circular 18 (21 December 2014).The purpose of these requirements is to complement the minimum capital requirem ...
... The following detailed qualitative and quantitative disclosures are provided in accordance with Bangladesh Bank rules and regulations on capital adequacy under Basel III issued through BRPD Circular 18 (21 December 2014).The purpose of these requirements is to complement the minimum capital requirem ...
Bank of Canada Review
... data possess several advantages over naturally occurring macroeconomic data. First, experimental methods are useful for studying factors that cannot be readily observed or measured. The formation of inflation expectations is an important example from the perspective of a central bank. Indeed, a bett ...
... data possess several advantages over naturally occurring macroeconomic data. First, experimental methods are useful for studying factors that cannot be readily observed or measured. The formation of inflation expectations is an important example from the perspective of a central bank. Indeed, a bett ...
Major Currency Report
... with tightening unlikely to occur until early next year (Feb/March). BoE also neutral, though they highlight that there may be the requirement to tighten policy should inflation rise too quickly above target. GBP surge on early election announcement ...
... with tightening unlikely to occur until early next year (Feb/March). BoE also neutral, though they highlight that there may be the requirement to tighten policy should inflation rise too quickly above target. GBP surge on early election announcement ...