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The impact of corporate distress along the supply chain
... a mechanism to coordinate supply chains (Luo and Zhang, 2012) that are targeted to optimize the flow of goods, information and financial flows in inter- and intra- company boundaries in the market (Lambert et al., 1998) in front of market changes (Stevens, 1989). The presence of mark ...
... a mechanism to coordinate supply chains (Luo and Zhang, 2012) that are targeted to optimize the flow of goods, information and financial flows in inter- and intra- company boundaries in the market (Lambert et al., 1998) in front of market changes (Stevens, 1989). The presence of mark ...
Counterparty A
... To invest a maturity greater than the investor’s horizon, but then to hedge the interest rate risk in futures, forwards, or other derivatives. ...
... To invest a maturity greater than the investor’s horizon, but then to hedge the interest rate risk in futures, forwards, or other derivatives. ...
ch13_IM_1E
... 8.. The Suzuki Motor Company is contemplating issuing stock to finance investment in producing a new sports-utility vehicle, the Seppuku. Financial analysts within Suzuki forecast that this investment will have precisely the same risk as the market portfolio, where the annual return to the market po ...
... 8.. The Suzuki Motor Company is contemplating issuing stock to finance investment in producing a new sports-utility vehicle, the Seppuku. Financial analysts within Suzuki forecast that this investment will have precisely the same risk as the market portfolio, where the annual return to the market po ...
Deposits and Relationship Lending
... Empirical explorations of the theory of the banking firm have documented a number of characteristic and distinctive features of bank lending.1 A durable lending relationship, in which the bank gains information about the borrowing firm, has been shown to be valuable both to small firms (Petersen and ...
... Empirical explorations of the theory of the banking firm have documented a number of characteristic and distinctive features of bank lending.1 A durable lending relationship, in which the bank gains information about the borrowing firm, has been shown to be valuable both to small firms (Petersen and ...
Credit Constraints and Growth in a Global Economy St´ephane Guibaud (LSE)
... a given economy. In a representative-agent, infinite horizon economy, even in the presence of liquidity constraints, savings rate will tend to fall in the fast growing economy. Thus, a mass of savers is necessary to generate the rise in savings in fast-growing economies. In the threeperiod OLG model ...
... a given economy. In a representative-agent, infinite horizon economy, even in the presence of liquidity constraints, savings rate will tend to fall in the fast growing economy. Thus, a mass of savers is necessary to generate the rise in savings in fast-growing economies. In the threeperiod OLG model ...
NBER WORKING PAPER MARKETS AND PLANNING
... density function f(€) . Let ij be the marginal value of associated with default, and period ...
... density function f(€) . Let ij be the marginal value of associated with default, and period ...
An Analysis of Interest Rate Spread in the Banking Sector in
... larger IRS than those in developed countries (Hanson and Rocha 1986, Morris et al. 1990, Fry 1995, Randall 1998, Barajas, Steiner and Salazar 2000, Saunders and Schumacher 2000). ...
... larger IRS than those in developed countries (Hanson and Rocha 1986, Morris et al. 1990, Fry 1995, Randall 1998, Barajas, Steiner and Salazar 2000, Saunders and Schumacher 2000). ...
NBER WORKING PAPER SERIES Mark Aguiar Gita Gopinath
... 2,500 years. The intuition for this is described in detail in Section 3. The weakness of the standard model begins with the fact that autarky is not a severe punishment, even adjusting for the relatively large income volatility observed in emerging markets. The welfare gain of smoothing transitory s ...
... 2,500 years. The intuition for this is described in detail in Section 3. The weakness of the standard model begins with the fact that autarky is not a severe punishment, even adjusting for the relatively large income volatility observed in emerging markets. The welfare gain of smoothing transitory s ...
W. William Woolsey COMMUNICATIONS THE SEARCH FOR MACROECONOMIC STABILITY: COMMENT ON SUMNER
... loans, and raise their deposit interest rates. The consequent contraction in spending would return the price ofthe bundle to its defined price while simultaneously allowing the banks to again charge the market price of gold at their redemption windows. Since the difference between gold’s market pric ...
... loans, and raise their deposit interest rates. The consequent contraction in spending would return the price ofthe bundle to its defined price while simultaneously allowing the banks to again charge the market price of gold at their redemption windows. Since the difference between gold’s market pric ...
interest rates and banking charges guide
... Cash withdrawals from the US Dollar Account and/or Euro Account (By prior arrangement only) ...
... Cash withdrawals from the US Dollar Account and/or Euro Account (By prior arrangement only) ...
Accounting for Receivables
... Valuing receivables involves reporting them at their ________________________. Net realizable value is the net amount expected to be received in _______. __________ losses are considered a __________ and ____________ risk of doing business on a credit basis. Credit losses may be recognized under the ...
... Valuing receivables involves reporting them at their ________________________. Net realizable value is the net amount expected to be received in _______. __________ losses are considered a __________ and ____________ risk of doing business on a credit basis. Credit losses may be recognized under the ...
2014 Multifamily Outlook
... Investors’ strong appetite for investments in major markets helped push property prices up the most in those markets. It has not been unusual to see 4% cap rates in markets like Boston, New York City, San Francisco, San Jose and Washington DC. As interest rates rise, there is upward pressure on the ...
... Investors’ strong appetite for investments in major markets helped push property prices up the most in those markets. It has not been unusual to see 4% cap rates in markets like Boston, New York City, San Francisco, San Jose and Washington DC. As interest rates rise, there is upward pressure on the ...
open-end credit under -truth-in- lending
... aformentioned NOTICE was not furnished that customer; then such NOTICE must be mailed or delivered to said customer either before or with the next billing on said account. It follows that creditors must decide whether it would be more economical to mail out the notices to all customers- listed on th ...
... aformentioned NOTICE was not furnished that customer; then such NOTICE must be mailed or delivered to said customer either before or with the next billing on said account. It follows that creditors must decide whether it would be more economical to mail out the notices to all customers- listed on th ...
Modelling in Corporate Finance
... Observations of the potential explanatory variable k for bank i and period t Random error term with distribution N(0,), Variance-covariance matrix of it error terms Number of banks in sample Years in observation period Number of explanatory variables Maximum lag of the explanatory variable k of th ...
... Observations of the potential explanatory variable k for bank i and period t Random error term with distribution N(0,), Variance-covariance matrix of it error terms Number of banks in sample Years in observation period Number of explanatory variables Maximum lag of the explanatory variable k of th ...
Loan Loss Provision (Allowances)
... 3.5.1 information about significant financial difficulties of the borrower (e.g., as indicated by liquidity or cash flow projections), 3.5.2 an actual breach of contract (e.g., the borrower’s delay in making principal or interest payments), 3.5.3 a high probability of bankruptcy or other financial r ...
... 3.5.1 information about significant financial difficulties of the borrower (e.g., as indicated by liquidity or cash flow projections), 3.5.2 an actual breach of contract (e.g., the borrower’s delay in making principal or interest payments), 3.5.3 a high probability of bankruptcy or other financial r ...
Overcoming Adverse Selection: How Public Intervention Can
... builds on the idea that institutions participate in the government scheme only if what they receive in it exceeds what they obtain in the marketplace, and that the market outcome depends on who participates in the scheme. Put differently, reservation utilities in the mechanism designed by the govern ...
... builds on the idea that institutions participate in the government scheme only if what they receive in it exceeds what they obtain in the marketplace, and that the market outcome depends on who participates in the scheme. Put differently, reservation utilities in the mechanism designed by the govern ...
- TestbankU
... produces its own oil, it can set the oil prices in its country. If it can prevent high oil prices in its country, then the prices of products (gasoline) and services (transportation) may not be affected. Therefore, interest rates may not be affected. 13. Global Interaction of Interest Rates. Why mig ...
... produces its own oil, it can set the oil prices in its country. If it can prevent high oil prices in its country, then the prices of products (gasoline) and services (transportation) may not be affected. Therefore, interest rates may not be affected. 13. Global Interaction of Interest Rates. Why mig ...
Overborrowing and Systemic Externalities in the Business Cycle†
... Finally, there are a number of other theories of overborrowing that have been investigated. One theory is moral hazard: banks may lend excessively to take advantage of some form of government bailout.4 Martin Uribe (2006) has also studied whether an economy with an aggregate debt limit tends to over ...
... Finally, there are a number of other theories of overborrowing that have been investigated. One theory is moral hazard: banks may lend excessively to take advantage of some form of government bailout.4 Martin Uribe (2006) has also studied whether an economy with an aggregate debt limit tends to over ...
IAU Plan - ImamFaisal.com
... Riba shall not be punished for the past, his case will be judged by Allah. But whomever returns to Riba, such are the dwellers of the fire.” ...
... Riba shall not be punished for the past, his case will be judged by Allah. But whomever returns to Riba, such are the dwellers of the fire.” ...
realtors® confidence index - National Association of Realtors
... second month in a row, which means that the number of respondents who had a “strong” outlook outnumbered those with “weak” outlook. Although there is increasing concern about the negative effect of the decline in oil prices, the indexes in major gas-oil producing states such as North Dakota, Texas, ...
... second month in a row, which means that the number of respondents who had a “strong” outlook outnumbered those with “weak” outlook. Although there is increasing concern about the negative effect of the decline in oil prices, the indexes in major gas-oil producing states such as North Dakota, Texas, ...
Financial liberalization, market structure and credit
... Given their better technology and lower costs of funds, they can outcompete the domestic banks for these clients, leaving the riskier and more information-demanding clients for domestic banks, which can apply their relatively better monitoring ability. In these conditions, each type of bank speciali ...
... Given their better technology and lower costs of funds, they can outcompete the domestic banks for these clients, leaving the riskier and more information-demanding clients for domestic banks, which can apply their relatively better monitoring ability. In these conditions, each type of bank speciali ...
The challenges for monetary policy
... unemployment gap was almost closed. However, doubts have arisen within the FOMC as to whether the unemployment rate adequately captures the slack in the labour market in the current economic situation [see Berganza (2014)], as discussed in the next section. As regards the price stability target, in ...
... unemployment gap was almost closed. However, doubts have arisen within the FOMC as to whether the unemployment rate adequately captures the slack in the labour market in the current economic situation [see Berganza (2014)], as discussed in the next section. As regards the price stability target, in ...
The Chicago Plan Revisited Jaromir Benes and Michael Kumhof WP/12/202
... During this time a large number of leading U.S. macroeconomists supported a fundamental proposal for monetary reform that later became known as the Chicago Plan, after its strongest proponent, professor Henry Simons of the University of Chicago. It was also supported, and brilliantly summarized, by ...
... During this time a large number of leading U.S. macroeconomists supported a fundamental proposal for monetary reform that later became known as the Chicago Plan, after its strongest proponent, professor Henry Simons of the University of Chicago. It was also supported, and brilliantly summarized, by ...
Credit rationing
![](https://commons.wikimedia.org/wiki/Special:FilePath/Loanablefunds.png?width=300)
Credit rationing refers to the situation where lenders limit the supply of additional credit to borrowers who demand funds, even if the latter are willing to pay higher interest rates. It is an example of market imperfection, or market failure, as the price mechanism fails to bring about equilibrium in the market. It should not be confused with cases where credit is simply ""too expensive"" for some borrowers, that is, situations where the interest rate is deemed too high. On the contrary, the borrower would like to acquire the funds at the current rates, and the imperfection refers to the absence of equilibrium in spite of willing borrowers. In other words, at the prevailing market interest rate, demand exceeds supply, but lenders are not willing to either loan more funds, or raise the interest rate charged, as they are already maximising profits.