Responding to the Stubbornly Steep U.S. Treasury Yield Curve
... overnight interest rate target has been 0–0.25%, a historic low. This low rate was in response to the credit crisis and Great Recession, designed to lower the cost of money, stimulate lending and investment, and promote economic growth. This rate establishes the level for most other U.S. short-term ...
... overnight interest rate target has been 0–0.25%, a historic low. This low rate was in response to the credit crisis and Great Recession, designed to lower the cost of money, stimulate lending and investment, and promote economic growth. This rate establishes the level for most other U.S. short-term ...
Document
... react to change more rapidly than others, because credit perceptions differ from market to market, and because receptivity to specific debt structures differs from market to market. If, for instance, a corporation wants term floating-rate funds but finds that the market for its fixed-rate debt is co ...
... react to change more rapidly than others, because credit perceptions differ from market to market, and because receptivity to specific debt structures differs from market to market. If, for instance, a corporation wants term floating-rate funds but finds that the market for its fixed-rate debt is co ...
Rethinking the Role of National Development Banks
... its industry started at a State level with development banking late in the 19th century. “Merchant Banks” or “Industrial Banks” were performing some of the functions of modern day NDBs. Their primary function was to provide long-term investment financing of projects that had exceptional risks throug ...
... its industry started at a State level with development banking late in the 19th century. “Merchant Banks” or “Industrial Banks” were performing some of the functions of modern day NDBs. Their primary function was to provide long-term investment financing of projects that had exceptional risks throug ...
Fluctuations of Equity Share Price of the Selected Banks in
... option in their investment portfolio. These investors ae in search of information about the right share to be purchased and the best time to invest. He said through this study the investors would know what tools they can use to take decisions on shares trading. (Jayakumar & K.Sumanthi, n.d.)Conducte ...
... option in their investment portfolio. These investors ae in search of information about the right share to be purchased and the best time to invest. He said through this study the investors would know what tools they can use to take decisions on shares trading. (Jayakumar & K.Sumanthi, n.d.)Conducte ...
The Education of Ben Bernanke
... rate to $300. Or, if the prices of the little green houses and red hotels are rising too swiftly, it can hand out less money. ...
... rate to $300. Or, if the prices of the little green houses and red hotels are rising too swiftly, it can hand out less money. ...
foundation market-based investment funds
... The Dow and S&P logged their best quarterly gain in almost 14 years. The Nasdaq posted its best quarterly performance since 1991. The Dow Jones Industrial Average Index jumped 8.1% for the first quarter. The S&P 500 Index ended the quarter with a 12% surge. Nasdaq Composite finished the quarter with ...
... The Dow and S&P logged their best quarterly gain in almost 14 years. The Nasdaq posted its best quarterly performance since 1991. The Dow Jones Industrial Average Index jumped 8.1% for the first quarter. The S&P 500 Index ended the quarter with a 12% surge. Nasdaq Composite finished the quarter with ...
Equity Composition Hypothesis
... because of liquidity shock or because of low productivity. Hence, the price direct investment must incur informational discount if sold before maturity. As a result, investors would tilt their investments towards FPI if they expect greater liquidity needs. ...
... because of liquidity shock or because of low productivity. Hence, the price direct investment must incur informational discount if sold before maturity. As a result, investors would tilt their investments towards FPI if they expect greater liquidity needs. ...
financialIntermediation_KiyotakiPaper
... where Et is the expectation operator conditional on date t information and > 0. The preference speci…cation allows for both habit formation and GHH preferences over hours: The latter, of course, eliminates wealth e¤ects from labor supply. As will become clear, these features improve the ability for ...
... where Et is the expectation operator conditional on date t information and > 0. The preference speci…cation allows for both habit formation and GHH preferences over hours: The latter, of course, eliminates wealth e¤ects from labor supply. As will become clear, these features improve the ability for ...
Chapter 2
... account for financial resources in which the government is acting in an agency capacity accounting is simple; assets = liabilities no revenue and expense accounts used no fund equity account examples: tax agency funds, special assessment debt service funds, and passthrough agency funds ACCT 407 ...
... account for financial resources in which the government is acting in an agency capacity accounting is simple; assets = liabilities no revenue and expense accounts used no fund equity account examples: tax agency funds, special assessment debt service funds, and passthrough agency funds ACCT 407 ...
Week Ahead: All eyes on European leaders, corporate earnings and
... After markets here closed, Fitch cut Italy's credit rating by one notch to A+ from AA- while it cut Spain's credit rating by two notches to AA- from AA+. The agency also said that the outlook is negative. Earlier, Moody's cut the ratings of 12 UK banks saying there is a lower probability that the go ...
... After markets here closed, Fitch cut Italy's credit rating by one notch to A+ from AA- while it cut Spain's credit rating by two notches to AA- from AA+. The agency also said that the outlook is negative. Earlier, Moody's cut the ratings of 12 UK banks saying there is a lower probability that the go ...
Modes of Foreign Bank Entry and the Effects on
... 0 in the case of failure. In order to study how information asymmetries affect domestic and foreign banks, we restrict our analysis to uncollateralized credit contracts. Focusing on uncollateralized credit contracts should not be a severe restriction of the contracting space in an emerging market se ...
... 0 in the case of failure. In order to study how information asymmetries affect domestic and foreign banks, we restrict our analysis to uncollateralized credit contracts. Focusing on uncollateralized credit contracts should not be a severe restriction of the contracting space in an emerging market se ...
Do banks` overnight borrowing rates lead their CDS Price? evidence
... In the wake of the recent financial crises, the need to understand the functioning of interbank money markets has grown considerably. Money market data may also be a source of early-warning indicators for future banking problems. We contribute to the quest of earlywarning indicators by forming a mea ...
... In the wake of the recent financial crises, the need to understand the functioning of interbank money markets has grown considerably. Money market data may also be a source of early-warning indicators for future banking problems. We contribute to the quest of earlywarning indicators by forming a mea ...
PDF, 348
... increases after a domestic interest rate cut. This capital outflow is part of the domestic currency savings used for foreign portfolio investment and direct investment and is thus supplied for exchange into foreign currency. At first this supply does not depend on the exchange rate but on the intere ...
... increases after a domestic interest rate cut. This capital outflow is part of the domestic currency savings used for foreign portfolio investment and direct investment and is thus supplied for exchange into foreign currency. At first this supply does not depend on the exchange rate but on the intere ...
Revisions to the Basel III leverage ratio framework, issued by the
... to restrict the excessive build-up of leverage in the banking sector and to reinforce the risk-based capital requirements with a simple, non-risk-based backstop measure. The more binding non-risk-based leverage ratio framework would not only disincentivize banks from enhancing their risk management ...
... to restrict the excessive build-up of leverage in the banking sector and to reinforce the risk-based capital requirements with a simple, non-risk-based backstop measure. The more binding non-risk-based leverage ratio framework would not only disincentivize banks from enhancing their risk management ...
The Great Escape? A Quantitative Evaluation of the Fed’s Liquidity Facilities
... the economy. We use the more than $1 trillion intervention by the Fed to calibrate the non-standard policy reaction function of the government. Our main result is that both the financial shock and the liquidity policy can have a quantitatively large effect. A calibrated shock to the resaleability c ...
... the economy. We use the more than $1 trillion intervention by the Fed to calibrate the non-standard policy reaction function of the government. Our main result is that both the financial shock and the liquidity policy can have a quantitatively large effect. A calibrated shock to the resaleability c ...
FSB, Summary of Findings from the TLAC Impact Assessment Studies
... If all unsecured liabilities issued by resolution groups were considered, then the vast majority of the 17 G-SIBs that have no shortfall in this case could meet this minimum TLAC requirement if they are able to replace such liabilities with eligible TLAC as they mature in the next five years. Whethe ...
... If all unsecured liabilities issued by resolution groups were considered, then the vast majority of the 17 G-SIBs that have no shortfall in this case could meet this minimum TLAC requirement if they are able to replace such liabilities with eligible TLAC as they mature in the next five years. Whethe ...
Bank capital and Risk-Taking: Old and New
... the downside with debtholders. This asymmetry explains why shareholders have incentives to increase the riskiness of the firm, especially when leverage is high. By nature, banks are firms that are leveraged. It is even the starting point of a bank’s business as they have the vocation to collect depos ...
... the downside with debtholders. This asymmetry explains why shareholders have incentives to increase the riskiness of the firm, especially when leverage is high. By nature, banks are firms that are leveraged. It is even the starting point of a bank’s business as they have the vocation to collect depos ...
EUR/NOK reaction function
... Your attention is drawn to the fact that a member of, or an entity associated with, SEB or its affiliates, officers, directors, employees or shareholders of such members (a) may be represented on the board of directors or similar supervisory entity of the companies mentioned herein (b) may, to the e ...
... Your attention is drawn to the fact that a member of, or an entity associated with, SEB or its affiliates, officers, directors, employees or shareholders of such members (a) may be represented on the board of directors or similar supervisory entity of the companies mentioned herein (b) may, to the e ...
Presentation on Unsecured Personal Loan (UPL) Market
... UPL market - Predominantly unsecured lending banks growth - Success of business models - Large banks lost market share following crash - Business plans for growth in UPL ...
... UPL market - Predominantly unsecured lending banks growth - Success of business models - Large banks lost market share following crash - Business plans for growth in UPL ...
annual debt financing strategy
... domestic and international securities market. In 2015, the US economy is expected to have higher growth than in 2014, and therefore the Fed will likely begin to raise its rate (Fed Funds Rate) in Q2-2015. Market participants have responded to this possibility and the US dollar is trending up against ...
... domestic and international securities market. In 2015, the US economy is expected to have higher growth than in 2014, and therefore the Fed will likely begin to raise its rate (Fed Funds Rate) in Q2-2015. Market participants have responded to this possibility and the US dollar is trending up against ...
Capital Asset Pricing Model
... The model assumes that the variance of returns is an adequate measurement of risk. This might be justified under the assumption of normally distributed returns, but for general return distributions other risk measures (like coherent risk measures) will likely reflect the investors' preferences more ...
... The model assumes that the variance of returns is an adequate measurement of risk. This might be justified under the assumption of normally distributed returns, but for general return distributions other risk measures (like coherent risk measures) will likely reflect the investors' preferences more ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... money market and the capital market. The money market provides finance on short-term basis to individuals, businesses, enterprises, government and their agencies, while the capital market, on the other hand, provides finance to corporate bodies, governments and their agencies on medium to long-term ...
... money market and the capital market. The money market provides finance on short-term basis to individuals, businesses, enterprises, government and their agencies, while the capital market, on the other hand, provides finance to corporate bodies, governments and their agencies on medium to long-term ...
Chapter 4
... • Investors in stocks of small companies from 1926 to 2011 experienced the highest average returns but also accepted the most risk (measured by the standard deviation of returns). • U.S. Treasury bills had the lowest average returns but also the least risk. • Some economists see the financial crisis ...
... • Investors in stocks of small companies from 1926 to 2011 experienced the highest average returns but also accepted the most risk (measured by the standard deviation of returns). • U.S. Treasury bills had the lowest average returns but also the least risk. • Some economists see the financial crisis ...
Is the Fund Transfer Pricing Ethical? An Interest Rate Swap
... pricing to the credit riskiness of specific assets of the bank; as well, there is needed to include a liquidity premium in the case of long-term funding, and finally a consistent methodology to incorporate the credit spread [4, pp. 1]. Interest rate swaps is an exchange of cash-flows between two cou ...
... pricing to the credit riskiness of specific assets of the bank; as well, there is needed to include a liquidity premium in the case of long-term funding, and finally a consistent methodology to incorporate the credit spread [4, pp. 1]. Interest rate swaps is an exchange of cash-flows between two cou ...