This PDF is a selection from a published volume from... National Bureau of Economic Research
... public entities, and other recipients, including individuals and businesses. In addition to direct international flows, bank claims include the fair value of interest rate, foreign exchange, equity, commodity, and other derivative contracts. Banks provide some details on time remaining to maturity o ...
... public entities, and other recipients, including individuals and businesses. In addition to direct international flows, bank claims include the fair value of interest rate, foreign exchange, equity, commodity, and other derivative contracts. Banks provide some details on time remaining to maturity o ...
Germany
... because of structurally low net interest margins and pressure from protracted low interest rates, but it was supported last year by a favorable domestic and regional macro-financial environment (Figures 6 and 7). Improvements in capital adequacy continued and, pending the results of the ECB Comprehe ...
... because of structurally low net interest margins and pressure from protracted low interest rates, but it was supported last year by a favorable domestic and regional macro-financial environment (Figures 6 and 7). Improvements in capital adequacy continued and, pending the results of the ECB Comprehe ...
Do You Really Understand Rates of Return?
... But if we run a simulation for a very long period of future years using these assumptions, what do we expect to be the long-run annualized rate of return? The answer is that over a long time period, the rate of return will converge to (that is, it is eventually almost certain5 to be) the geometric a ...
... But if we run a simulation for a very long period of future years using these assumptions, what do we expect to be the long-run annualized rate of return? The answer is that over a long time period, the rate of return will converge to (that is, it is eventually almost certain5 to be) the geometric a ...
an indication of a `credit-fuelled` burst that was `fictitious`.
... commercial capital below). Another important area covers the workers in the more specifically financial sphere, providing services in the exchange between different agents of titles to the ownership (and use) of money and capital. This includes banks and other financial companies, real estate agents ...
... commercial capital below). Another important area covers the workers in the more specifically financial sphere, providing services in the exchange between different agents of titles to the ownership (and use) of money and capital. This includes banks and other financial companies, real estate agents ...
Risks Underlying Islamic Modes of Financing
... • Renting an asset to the party who sold it, has been questioned by scholars. 3. Pricing of Sukuk • Muslim economists and Shariah scholars have not come up with an alternative to the interest rate as a readily available indicator of profitability. Hence the use of LIBOR/KIBOR as a benchmark has beco ...
... • Renting an asset to the party who sold it, has been questioned by scholars. 3. Pricing of Sukuk • Muslim economists and Shariah scholars have not come up with an alternative to the interest rate as a readily available indicator of profitability. Hence the use of LIBOR/KIBOR as a benchmark has beco ...
Network Risk and Key Players: A Structural Analysis of
... risks. We consider the network of all member banks in the CHAPS (which consists of 11 banks) and their liquidity holding decisions. These banks play a key role in the sterling payment system since they make payments both on their own behalf and on behalf of banks that are not direct members of CHAPS ...
... risks. We consider the network of all member banks in the CHAPS (which consists of 11 banks) and their liquidity holding decisions. These banks play a key role in the sterling payment system since they make payments both on their own behalf and on behalf of banks that are not direct members of CHAPS ...
Shadow Fed Funds Rate
... As shown above the Median forecast for the Fed Funds rates at Year-End 2016 and 2017 has been flat or down, however these trends are much more aggressive (higher) than those reflected in the Fed Fund Futures market. For example, the December dot plot median expects four 25 bp hikes to occur during 2 ...
... As shown above the Median forecast for the Fed Funds rates at Year-End 2016 and 2017 has been flat or down, however these trends are much more aggressive (higher) than those reflected in the Fed Fund Futures market. For example, the December dot plot median expects four 25 bp hikes to occur during 2 ...
Secured Lending and Borrowers` Riskiness
... efficient when there is a larger fraction of loans that are made on a secured basis. Moreover, if banks find it less expensive to require guarantees than to monitor projects, it is possible that investors that cannot provide them will not be financed, even if the NPV of their investment is positive. ...
... efficient when there is a larger fraction of loans that are made on a secured basis. Moreover, if banks find it less expensive to require guarantees than to monitor projects, it is possible that investors that cannot provide them will not be financed, even if the NPV of their investment is positive. ...
ETF managed portfolio assets expected to
... and commitment to individual and institutional investors of all sizes. With over 700 funds globally across multiple asset classes and strategies and more than $1 trillion in assets under management as of December 31, 2015, iShares helps clients around the world build the core of their portfolios, me ...
... and commitment to individual and institutional investors of all sizes. With over 700 funds globally across multiple asset classes and strategies and more than $1 trillion in assets under management as of December 31, 2015, iShares helps clients around the world build the core of their portfolios, me ...
Access to finance remains a key constraint, particularly for SMEs
... Established a VC portal where investors and entrepreneurs register Allows for the provision of business plans and joint due diligence for VC funds 20 venture forums established and over $1 billion in VC/ PE investment made in SMEs ...
... Established a VC portal where investors and entrepreneurs register Allows for the provision of business plans and joint due diligence for VC funds 20 venture forums established and over $1 billion in VC/ PE investment made in SMEs ...
Present Bank Regulation in Burma
... institutions. Five seem to dominate - the aforementioned AWB, Yoma Bank, Myanmar May Flower Bank, Kanbawza Bank and Myawaddy Bank. The AWB and Yoma Bank both claim to be the largest (with 39 and 43 branches respectively) but, at the current market exchange rate, neither exceeds $US 200 million in as ...
... institutions. Five seem to dominate - the aforementioned AWB, Yoma Bank, Myanmar May Flower Bank, Kanbawza Bank and Myawaddy Bank. The AWB and Yoma Bank both claim to be the largest (with 39 and 43 branches respectively) but, at the current market exchange rate, neither exceeds $US 200 million in as ...
Overview of Credit Policy and Loan Characteristics
... Legal document through which a borrower gives a lender a lien on real property as collateral against a debt ...
... Legal document through which a borrower gives a lender a lien on real property as collateral against a debt ...
portfolio objective
... The portfolio takes the form of a monthly RSP, with the aim of addressing the needs of “newbie” investors who have limited starting capital, but would like to embark on a long term process of accumulating and growing their wealth. The portfolio construction process adheres to the core principle of d ...
... The portfolio takes the form of a monthly RSP, with the aim of addressing the needs of “newbie” investors who have limited starting capital, but would like to embark on a long term process of accumulating and growing their wealth. The portfolio construction process adheres to the core principle of d ...
Applicable analyst/Author disclosure, and any additional information
... economies with which Canada also has important trade and investment relationships. A return to risk aversion in financial markets is expected to put downward pressure on oil prices, government bond yields, and the Canadian dollar (relative to USD). In a more severe reaction, upward pressure on perip ...
... economies with which Canada also has important trade and investment relationships. A return to risk aversion in financial markets is expected to put downward pressure on oil prices, government bond yields, and the Canadian dollar (relative to USD). In a more severe reaction, upward pressure on perip ...
Submission to the Treasury on the exposure draft of amendments to
... difference should be counted toward the minimum distribution requirement of the AF. If below market rentals are charged for community housing, the differential in rental rates should be calculated towards the minimum distribution requirement. In this way, AFs could be more encouraged to participate ...
... difference should be counted toward the minimum distribution requirement of the AF. If below market rentals are charged for community housing, the differential in rental rates should be calculated towards the minimum distribution requirement. In this way, AFs could be more encouraged to participate ...
Chapter 1
... • Imperfections in national markets for products, factors of production and financial assets translate into market opportunities for MNEs • Strategic motives drive the decision to invest abroad and become an MNE. Firms could be seeking new markets, raw materials, production efficiencies, access to t ...
... • Imperfections in national markets for products, factors of production and financial assets translate into market opportunities for MNEs • Strategic motives drive the decision to invest abroad and become an MNE. Firms could be seeking new markets, raw materials, production efficiencies, access to t ...
What a Mutual Fund is
... Income funds are named appropriately: their purpose is to provide current income on a steady basis. When referring to mutual funds, the terms "fixed-income," "bond," and "income" are synonymous. These terms denote funds that invest primarily in government and corporate debt. While fund holdings may ...
... Income funds are named appropriately: their purpose is to provide current income on a steady basis. When referring to mutual funds, the terms "fixed-income," "bond," and "income" are synonymous. These terms denote funds that invest primarily in government and corporate debt. While fund holdings may ...
Chapter 1
... Risk protection function. The financial markets around the world offer businesses, consumers, and governments protection against life, health, property, and income risks. Policy function. The financial markets are a channel through which governments may attempt to stabilize the economy and avoid ...
... Risk protection function. The financial markets around the world offer businesses, consumers, and governments protection against life, health, property, and income risks. Policy function. The financial markets are a channel through which governments may attempt to stabilize the economy and avoid ...
FX swap market dislocations
... both before and after the failure of Lehman brothers under the turmoil across the euro/dollar (EUR/USD), Swiss franc/dollar (CHF/USD), and sterling/dollar (GBP/USD) currency pairs. We examine the degree to which the common as well as idiosyncratic factors underlying deviations from short-term CIP ob ...
... both before and after the failure of Lehman brothers under the turmoil across the euro/dollar (EUR/USD), Swiss franc/dollar (CHF/USD), and sterling/dollar (GBP/USD) currency pairs. We examine the degree to which the common as well as idiosyncratic factors underlying deviations from short-term CIP ob ...
characteristics of financial instruments and a description of risk
... The risk associated with the possibility of system failures, personnel or procedural problems, as well as the intended actions of persons representing the parties to the transaction or third parties, aimed at obtaining illegitimate benefits. This risk may affect directly or indirectly the parties to ...
... The risk associated with the possibility of system failures, personnel or procedural problems, as well as the intended actions of persons representing the parties to the transaction or third parties, aimed at obtaining illegitimate benefits. This risk may affect directly or indirectly the parties to ...
Richmond ETF update
... The ETF attributes section on the first page contains a number of metrics that professional investors use to value individual securities against a market or index average. These metrics can also be used to value and compare funds to the market by taking the average of all the securities held in the ...
... The ETF attributes section on the first page contains a number of metrics that professional investors use to value individual securities against a market or index average. These metrics can also be used to value and compare funds to the market by taking the average of all the securities held in the ...
How close are we to the end of the credit cycle?
... credit over time, which has a direct impact on the behaviour of firms, their ability to invest, and in turn the well-being of the economy. The key measure by which we can identify the conditions and cost of accessing credit by firms is credit spreads, the extra compensation that an investor receives ...
... credit over time, which has a direct impact on the behaviour of firms, their ability to invest, and in turn the well-being of the economy. The key measure by which we can identify the conditions and cost of accessing credit by firms is credit spreads, the extra compensation that an investor receives ...
CAPM is CRAP, or, The Dead Parrot lives
... impression of being prisoners to their own operations rather than controlling them... They are promising performance on the upside and the downside that is not practical to achieve. So in a world devoid of market index benchmarks what should be we doing? The answer, I think, is to focus upon the tot ...
... impression of being prisoners to their own operations rather than controlling them... They are promising performance on the upside and the downside that is not practical to achieve. So in a world devoid of market index benchmarks what should be we doing? The answer, I think, is to focus upon the tot ...