EUROPEAN COMMISSION Brussels, 26.2.2015 SWD(2015) 46 final
... mortgage loans. However, no action has been taken to reduce tax deductibility of mortgage interest or to reform the rental market. Some elements of the macroeconomic imbalance relevant recommendations have thus remained unaddressed and overall, limited progress was made in implementing them. As rega ...
... mortgage loans. However, no action has been taken to reduce tax deductibility of mortgage interest or to reform the rental market. Some elements of the macroeconomic imbalance relevant recommendations have thus remained unaddressed and overall, limited progress was made in implementing them. As rega ...
Monetary Policy Statement September 2007 Contents
... increases the likelihood of a weaker economic outlook for the United States and New Zealand’s other key trading partners than in recent forecasts. The consequences of this financial market turmoil for New Zealand remain unclear at this stage. However, we continue to expect a significant boost to the ...
... increases the likelihood of a weaker economic outlook for the United States and New Zealand’s other key trading partners than in recent forecasts. The consequences of this financial market turmoil for New Zealand remain unclear at this stage. However, we continue to expect a significant boost to the ...
Banks` buffer capital: How important is risk (Paper presented at
... capital buffer. Furthermore, a bank may use excess capital as a signal on its solvency or probability of non-failure. Hence, excess capital may serve as an instrument, which the bank is willing to pay for, in the competition for unsecured deposits and money market funding. We therefore expect banks ...
... capital buffer. Furthermore, a bank may use excess capital as a signal on its solvency or probability of non-failure. Hence, excess capital may serve as an instrument, which the bank is willing to pay for, in the competition for unsecured deposits and money market funding. We therefore expect banks ...
Outlook 2016
... – significant leverage have been added since the Global Financial Crisis, particularly in the corporate sector in Greater China. We do not see Asian stockmarkets enjoying a deflationary boom as sluggish investment and consumption mean return on invested capital (ROIC) is likely to remain under press ...
... – significant leverage have been added since the Global Financial Crisis, particularly in the corporate sector in Greater China. We do not see Asian stockmarkets enjoying a deflationary boom as sluggish investment and consumption mean return on invested capital (ROIC) is likely to remain under press ...
Egypt`s Monetary Policy Regime - COMESA Monetary Institute (CMI)
... Figure 2 describes key channels of the transmission of changes in the official rate to inflation. The figure is from the Bank of England (2012) as it embodies the MPD’s view, which is ...
... Figure 2 describes key channels of the transmission of changes in the official rate to inflation. The figure is from the Bank of England (2012) as it embodies the MPD’s view, which is ...
Bank Runs in Emerging-Market Countries - Chicago
... SFHs and banks towards the end of the 1990s, at commercial banks non-performing loans had risen to 11.7% of total loans, versus 1.6% at the SFHs (14). That the financial condition of the SFHs was stronger than that of commercial banks is suggested by the fact that their returns to U.S. dollar accoun ...
... SFHs and banks towards the end of the 1990s, at commercial banks non-performing loans had risen to 11.7% of total loans, versus 1.6% at the SFHs (14). That the financial condition of the SFHs was stronger than that of commercial banks is suggested by the fact that their returns to U.S. dollar accoun ...
Microfinance Market Outlook 2015
... in a rising interest rate environment Six years after the start of the financial crisis, key interest rates in most developed economies are still close to zero as central banks seek to counter deflationary trends and signs of stagnation. However, this could soon change: The US Federal Reserve alread ...
... in a rising interest rate environment Six years after the start of the financial crisis, key interest rates in most developed economies are still close to zero as central banks seek to counter deflationary trends and signs of stagnation. However, this could soon change: The US Federal Reserve alread ...
() - ETF Securities
... Central bankers are beginning to adopt a form of dovish monetary policy tightening, preferring to allow inflation to run above target. Despite the risks, we believe this is the correct approach for now, given heightened levels of uncertainty as illustrated by the wide gulf between soft and hard econ ...
... Central bankers are beginning to adopt a form of dovish monetary policy tightening, preferring to allow inflation to run above target. Despite the risks, we believe this is the correct approach for now, given heightened levels of uncertainty as illustrated by the wide gulf between soft and hard econ ...
SLR Holdings under Held to Maturity Category
... 3. Accordingly, in order to align the ceiling on SLR holdings under HTM category with the mandatory SLR, it is advised that banks are permitted to exceed the limit of 25 per cent of total investments under HTM category provided: a. the excess comprises only of SLR securities, and b. the total SLR se ...
... 3. Accordingly, in order to align the ceiling on SLR holdings under HTM category with the mandatory SLR, it is advised that banks are permitted to exceed the limit of 25 per cent of total investments under HTM category provided: a. the excess comprises only of SLR securities, and b. the total SLR se ...
Leverage Across Firms, Banks and Countries
... US and to a lesser extent in Europe. Large banks have a comparative advantage in raising funds in short-term markets (overnight repurchase agreements and commercial paper) and they were able to increase leverage pre-crisis and skirt capital requirements by using off-balance sheet investment vehicles ...
... US and to a lesser extent in Europe. Large banks have a comparative advantage in raising funds in short-term markets (overnight repurchase agreements and commercial paper) and they were able to increase leverage pre-crisis and skirt capital requirements by using off-balance sheet investment vehicles ...
Download paper (PDF)
... more than three quarters beyond what a strict inflation targeting central bank would do completely eliminates the fall in output. In contrast, in our incomplete markets model with idiosyncratic risk and borrowing constraints, the effect of this amount of forward guidance is substantially smaller and ...
... more than three quarters beyond what a strict inflation targeting central bank would do completely eliminates the fall in output. In contrast, in our incomplete markets model with idiosyncratic risk and borrowing constraints, the effect of this amount of forward guidance is substantially smaller and ...
M07_ABEL4987_7E_IM_C07
... b. Money allows people to trade their labor for money, then use the money to buy goods and services in separate transactions c. Money thus permits people to trade with less cost in time and effort d. Money also allows specialization, since trading is much easier, so people don’t have to produce thei ...
... b. Money allows people to trade their labor for money, then use the money to buy goods and services in separate transactions c. Money thus permits people to trade with less cost in time and effort d. Money also allows specialization, since trading is much easier, so people don’t have to produce thei ...
Bank-based versus Market-based Financial Systems
... market finance enables firms to make larger investment than is possible otherwise. It also allows entrepreneurs in the traditional sector to overcome large-scale investment requirements of entering the modern sector. A bank-based or market-based system emerges endogenously. Two countries may have diffe ...
... market finance enables firms to make larger investment than is possible otherwise. It also allows entrepreneurs in the traditional sector to overcome large-scale investment requirements of entering the modern sector. A bank-based or market-based system emerges endogenously. Two countries may have diffe ...
Optimal Monetary and Prudential Policies
... extended by banks. By contrast, the literature typically views excessive risk taking in terms of the aggregate volume of credit, as we elaborate below. Second, our focus is on jointly Ramsey-optimal policies, i.e. on the state-contingent path for the two policy instruments that maximizes the repres ...
... extended by banks. By contrast, the literature typically views excessive risk taking in terms of the aggregate volume of credit, as we elaborate below. Second, our focus is on jointly Ramsey-optimal policies, i.e. on the state-contingent path for the two policy instruments that maximizes the repres ...
New Zealand: Financial Sector Assessment Program
... of solvency and liquidity contagion from direct exposures to banks and nonbank financial institutions, common holdings of securities, and market contagion. That said, the results from stress tests, although a useful supervisory tool, need to be interpreted with caution and the authorities can streng ...
... of solvency and liquidity contagion from direct exposures to banks and nonbank financial institutions, common holdings of securities, and market contagion. That said, the results from stress tests, although a useful supervisory tool, need to be interpreted with caution and the authorities can streng ...
MARKET STRUCTURE, STRATEGIC CHOICE AND BANK
... encouraging mergers among existing banks (Byeongyong, Choi and Weiss, 2005; Williams, Molyneux and Thornton1994; Molyneux 1999; Moore, Robert, 1998). This helps to increase the bank size for perusing scale of economics. The second strategy is the sharing common facilities such as ATM with other bank ...
... encouraging mergers among existing banks (Byeongyong, Choi and Weiss, 2005; Williams, Molyneux and Thornton1994; Molyneux 1999; Moore, Robert, 1998). This helps to increase the bank size for perusing scale of economics. The second strategy is the sharing common facilities such as ATM with other bank ...
Chapter 17 - ATP Real Estate School
... Chance of losing all or a part of an investment • Static risk Risk that can be transferred to an insurer • Dynamic risk Risk that arises from the continual change in the business environment ©2015 Kaplan, Inc. ...
... Chance of losing all or a part of an investment • Static risk Risk that can be transferred to an insurer • Dynamic risk Risk that arises from the continual change in the business environment ©2015 Kaplan, Inc. ...
Mutual Funds Sharekhan`s Top Equity Fund Picks
... With a long history of more than 11years, the MF scheme has been an outperformer compared to both, the benchmark Nifty 50 index and the Large Cap category average. Despite the volatility and uncertainties in the market, the MF scheme has performed better than its peers, giving a return of 20% over t ...
... With a long history of more than 11years, the MF scheme has been an outperformer compared to both, the benchmark Nifty 50 index and the Large Cap category average. Despite the volatility and uncertainties in the market, the MF scheme has performed better than its peers, giving a return of 20% over t ...
Slowdown of Credit Flows in Jordan in the Wake of the Global
... credit activity following the global financial crisis, which has corresponded with a widening gap between the Central Bank of Jordan (CBJ) and the U.S. Federal Reserve’s (Fed) funds policy rates, an increase in the real lending rate, and mounting excess reserves of banks (see Figure 1). Our estimati ...
... credit activity following the global financial crisis, which has corresponded with a widening gap between the Central Bank of Jordan (CBJ) and the U.S. Federal Reserve’s (Fed) funds policy rates, an increase in the real lending rate, and mounting excess reserves of banks (see Figure 1). Our estimati ...
Reputation, Renegotiation, and the Choice between Bank Loans
... choose either to allow the firm to continue functioning under a renegotiated debt contract or to liquidate the firm. Firms may be in financial distress because of one of two possible reasons: Some firms may have intrinsically good projects but may nevertheless be in financial distress due to tempora ...
... choose either to allow the firm to continue functioning under a renegotiated debt contract or to liquidate the firm. Firms may be in financial distress because of one of two possible reasons: Some firms may have intrinsically good projects but may nevertheless be in financial distress due to tempora ...
Supporting Paper A2 A review of economic developments and monetary policy
... Over the review period, 90-day interest rates in New Zealand averaged around 61/2 percent, some 150 basis points higher than the developed-country average2 of around 5 percent for the period. The gap is about the same in real terms,3 and did not substantially narrow over the review period. Support ...
... Over the review period, 90-day interest rates in New Zealand averaged around 61/2 percent, some 150 basis points higher than the developed-country average2 of around 5 percent for the period. The gap is about the same in real terms,3 and did not substantially narrow over the review period. Support ...
5-10
... dislike risk and require higher rates of return to encourage them to hold riskier securities. Risk premium – the difference between the return on a risky asset and less risky asset, which serves as compensation for investors to hold riskier securities. ...
... dislike risk and require higher rates of return to encourage them to hold riskier securities. Risk premium – the difference between the return on a risky asset and less risky asset, which serves as compensation for investors to hold riskier securities. ...
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... The IFSB (2005a) defines credit risk as ‘the potential that counterparty fails to meet its obligations in accordance with agreed terms’. Haroon and Hock stated that ‘the possibility of counterparties not fulfilling predetermined obligations is as distinct a risk to Islamic banks as to conventional b ...
... The IFSB (2005a) defines credit risk as ‘the potential that counterparty fails to meet its obligations in accordance with agreed terms’. Haroon and Hock stated that ‘the possibility of counterparties not fulfilling predetermined obligations is as distinct a risk to Islamic banks as to conventional b ...
Integration of Financial Services
... between commercial banks and investment banks. With a few exceptions (e.g. mortgage banks, building societies etc.) all German banks are “Universalbanken“ (universal banks) and as such authorised to carry out both commercial and investment banking. Germany has never known an equivalent to the “Glass ...
... between commercial banks and investment banks. With a few exceptions (e.g. mortgage banks, building societies etc.) all German banks are “Universalbanken“ (universal banks) and as such authorised to carry out both commercial and investment banking. Germany has never known an equivalent to the “Glass ...
PSI 20®
... This publication is for information purposes only and is not a recommendation to engage in investment activities. This publication is provided “as is” without representation or warranty of any kind. Whilst all reasonable care has been taken to ensure the accuracy of the content, Euronext does not gu ...
... This publication is for information purposes only and is not a recommendation to engage in investment activities. This publication is provided “as is” without representation or warranty of any kind. Whilst all reasonable care has been taken to ensure the accuracy of the content, Euronext does not gu ...