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Domestic Government Debt Structure, Risk Characteristics
... In addition to banks, there are development finance institutions and some specialized banks that operate in the system. Thrift institutions have also achieved some prominence in the financial system. These comprise mainly of insurance companies, pension funds and savings banks. The investment portfo ...
... In addition to banks, there are development finance institutions and some specialized banks that operate in the system. Thrift institutions have also achieved some prominence in the financial system. These comprise mainly of insurance companies, pension funds and savings banks. The investment portfo ...
Q1 FY2015 Form 10Q - Linear Technology
... Interim financial statements and information are unaudited; however, in the opinion of management, all adjustments necessary for a fair and accurate presentation of the interim results in conformity with U.S. generally accepted accounting principles (“GAAP”) have been made. All such adjustments were ...
... Interim financial statements and information are unaudited; however, in the opinion of management, all adjustments necessary for a fair and accurate presentation of the interim results in conformity with U.S. generally accepted accounting principles (“GAAP”) have been made. All such adjustments were ...
The Top Seven Financial Pitfalls Every - No
... Up to a million dollars in acquisition indebtedness is covered. That’s it. Married and filed singly, it’s half a million dollars. So, a rich divorcee buys a 2 million house at the peak of the housing market, and then ends up having the house sold as a short sale for one million, he or she will only ...
... Up to a million dollars in acquisition indebtedness is covered. That’s it. Married and filed singly, it’s half a million dollars. So, a rich divorcee buys a 2 million house at the peak of the housing market, and then ends up having the house sold as a short sale for one million, he or she will only ...
Why is fiscal policy often procyclical?
... the presence of surpluses increases the government propensity to spend; the present paper and Tanzi and Vegh (2005) are complementary since they focus on how a political distortion interacts with different economic structures, ( in particular with the variability of revenues); in this paper we focus ...
... the presence of surpluses increases the government propensity to spend; the present paper and Tanzi and Vegh (2005) are complementary since they focus on how a political distortion interacts with different economic structures, ( in particular with the variability of revenues); in this paper we focus ...
spending disad – 2011 adi - maria
... private bonds, direct and portfolio private investments-more and more of them have acquired an interest in maintaining the strength of the U.S.-led system. A collapse of the U.S. economy and the ruin of the dollar would do more than dent the prosperity of the United States. Without their best custom ...
... private bonds, direct and portfolio private investments-more and more of them have acquired an interest in maintaining the strength of the U.S.-led system. A collapse of the U.S. economy and the ruin of the dollar would do more than dent the prosperity of the United States. Without their best custom ...
NBER VOLUNTARY WELFARE RESEARCH
... Low incentives to adjust lead in turn to a low capacity to service debt. If creditors were to voluntarily reduce the debt's face value they would promote adjustment. ...
... Low incentives to adjust lead in turn to a low capacity to service debt. If creditors were to voluntarily reduce the debt's face value they would promote adjustment. ...
The value of tax shields IS equal to the present value
... Fernandez (2004b) argues that the present value effect of the tax saving on debt cannot be calculated as simply the present value of the tax shields associated with interest. Instead, he claims that the only way to obtain the correct value of the tax shields from debt is to do two present value calc ...
... Fernandez (2004b) argues that the present value effect of the tax saving on debt cannot be calculated as simply the present value of the tax shields associated with interest. Instead, he claims that the only way to obtain the correct value of the tax shields from debt is to do two present value calc ...
Summary - A review of the surplus target
... years may be seen as an attempt to get to grips with the increasing indebtedness resulting from the financial crisis and the euro crisis. The Fiscal Compact regulations have also gradually formed a more integrated part of the national regulatory frameworks in the Member States covered by the Fiscal ...
... years may be seen as an attempt to get to grips with the increasing indebtedness resulting from the financial crisis and the euro crisis. The Fiscal Compact regulations have also gradually formed a more integrated part of the national regulatory frameworks in the Member States covered by the Fiscal ...
Financing US Debt: Is There Enough Money in the World and at
... The data show the US government role – although substantial in absolute dollar amounts and as a share of the Fed’s balance sheet – has been a relatively small share of the total agency and GSE debt (Chart 2). Also, the portfolio changes have been effectively, on net, primarily domestic in nature wit ...
... The data show the US government role – although substantial in absolute dollar amounts and as a share of the Fed’s balance sheet – has been a relatively small share of the total agency and GSE debt (Chart 2). Also, the portfolio changes have been effectively, on net, primarily domestic in nature wit ...
Company Report
... copied, photocopied or duplicated in any form or by any means or (ii) redistributed without the prior written consent of DBS Vickers Securities (Thailand) Co, Ltd. The research set out in this report is based on information obtained from sources believed to be reliable, but we (which collectively re ...
... copied, photocopied or duplicated in any form or by any means or (ii) redistributed without the prior written consent of DBS Vickers Securities (Thailand) Co, Ltd. The research set out in this report is based on information obtained from sources believed to be reliable, but we (which collectively re ...
Debt in the eurozone - the sources and the possible consequences.
... union, excessive private borrowing, or that the social safety-net of debt-laden countries is too generous. It is possible that the significance of each of these factors varies from each country to country. It is our opinion that an exaggerated welfare state policy was the most important contributor. ...
... union, excessive private borrowing, or that the social safety-net of debt-laden countries is too generous. It is possible that the significance of each of these factors varies from each country to country. It is our opinion that an exaggerated welfare state policy was the most important contributor. ...
NBER WORKING PAPER SERIES DEFYING GRAVITY: Takeo Hoshi
... move abroad on a massive scale. Indeed this happened to some extent as Japan accumulated foreign assets over time. However, a large proportion of the savings stayed domestic, despite the persistent difference of returns in recent years. The proportion of yen-denominated domestic assets for Japan is ...
... move abroad on a massive scale. Indeed this happened to some extent as Japan accumulated foreign assets over time. However, a large proportion of the savings stayed domestic, despite the persistent difference of returns in recent years. The proportion of yen-denominated domestic assets for Japan is ...
INTER PIPELINE LTD. $3,000,000,000 Common Shares Preferred
... based in Calgary, Alberta, Canada. Inter Pipeline owns and operates energy infrastructure assets in western Canada and Europe. Additional information on Inter Pipeline's business is contained in the AIF under the heading "Description of the Business." CONSOLIDATED CAPITALIZATION There has not been a ...
... based in Calgary, Alberta, Canada. Inter Pipeline owns and operates energy infrastructure assets in western Canada and Europe. Additional information on Inter Pipeline's business is contained in the AIF under the heading "Description of the Business." CONSOLIDATED CAPITALIZATION There has not been a ...
Resolving China`s Corporate Debt Problem
... Higher and less profitable corporate investment required credit financing. The rise in investment associated with the post-GFC stimulus was not matched by a commensurate increase in profits. In fact, profits have been steadily falling, limiting room to finance investment internally. China’s high hou ...
... Higher and less profitable corporate investment required credit financing. The rise in investment associated with the post-GFC stimulus was not matched by a commensurate increase in profits. In fact, profits have been steadily falling, limiting room to finance investment internally. China’s high hou ...
NCI, Inc. (Form: 8-K, Received: 02/10/2016 16:12:52)
... “forward-looking” statements that NCI believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, many of which are outside of our control. Words such as “may,” “will,” “intends,” “should,” “expects,” “plans,” “projects,” “anticip ...
... “forward-looking” statements that NCI believes to be within the definition in the Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties, many of which are outside of our control. Words such as “may,” “will,” “intends,” “should,” “expects,” “plans,” “projects,” “anticip ...
Cost of Capital for a Project
... defense, and fishing tackle. BK’s equity beta is 1.0. BK has and will maintain a debt/equity ratio of 1.0. – Can we use the company cost of capital to value the text editing project? Latec Inc. is a firm that makes only text editing systems. Latec’s equity beta is 1.35. Latec has a debt to equity ra ...
... defense, and fishing tackle. BK’s equity beta is 1.0. BK has and will maintain a debt/equity ratio of 1.0. – Can we use the company cost of capital to value the text editing project? Latec Inc. is a firm that makes only text editing systems. Latec’s equity beta is 1.35. Latec has a debt to equity ra ...
Credit Rating Agencies` Decisions and ISDA`s Credit Events
... unwilling to accept criticisms from companies. CRAs have also been accused that "blackmail" companies (Moody's & Hannover Re case). CRAs have received criticism as oligopolies (having high barriers to entry in this market, while their operation itself is based mainly on their reputation). CRAs have ...
... unwilling to accept criticisms from companies. CRAs have also been accused that "blackmail" companies (Moody's & Hannover Re case). CRAs have received criticism as oligopolies (having high barriers to entry in this market, while their operation itself is based mainly on their reputation). CRAs have ...
Firm Value
... But, if RC issues $500,000 of debt, the value of all of the firm’s securities must increase by the value of the tax shield. This means, in a world with taxes, the value of a firm increases with debt: ...
... But, if RC issues $500,000 of debt, the value of all of the firm’s securities must increase by the value of the tax shield. This means, in a world with taxes, the value of a firm increases with debt: ...
CONSEQUENCES OF MM - City University London
... strategy - this worries bondholders advertising firm (with few tangible assets as security) versus leisure firm(with hotels to sell off, to repay bondholders). The latter has a higher ‘debt capacity’ than the former. ...
... strategy - this worries bondholders advertising firm (with few tangible assets as security) versus leisure firm(with hotels to sell off, to repay bondholders). The latter has a higher ‘debt capacity’ than the former. ...
LaoPDR
... General training program drafted Template for HRM system user requirements drafted Formats for job descriptions, job profiling and work flow analysis drafted Outline of capacity building strategy drafted Proposal for private public partnership seminar drafted 28 November 2006 ...
... General training program drafted Template for HRM system user requirements drafted Formats for job descriptions, job profiling and work flow analysis drafted Outline of capacity building strategy drafted Proposal for private public partnership seminar drafted 28 November 2006 ...
credit union trends report
... credit union borrowings is their quarter-end capital-to-asset ratios. This arbitrage opportunity exists because the government-sponsored enterprises, Fannie Mae and Freddie Mac, cannot deposit their excess liquidity at the Federal Reserve and must therefore sell their excess liquidity in the fed fun ...
... credit union borrowings is their quarter-end capital-to-asset ratios. This arbitrage opportunity exists because the government-sponsored enterprises, Fannie Mae and Freddie Mac, cannot deposit their excess liquidity at the Federal Reserve and must therefore sell their excess liquidity in the fed fun ...
International Financial Reporting Standards (IFRS)
... content in these materials is owned by or licensed to CPA Australia. The use of IFRS Copyright in these materials is in accordance with the IASB’s Terms and Conditions. All trade marks and trade names are proprietary to CPA Australia and must not be downloaded, reproduced or otherwise used without t ...
... content in these materials is owned by or licensed to CPA Australia. The use of IFRS Copyright in these materials is in accordance with the IASB’s Terms and Conditions. All trade marks and trade names are proprietary to CPA Australia and must not be downloaded, reproduced or otherwise used without t ...
First Report on the Public Credit
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The First Report on the Public Credit was one of three major reports on fiscal and economic policy submitted by American Founding Father and first United States Treasury Secretary Alexander Hamilton on the request of Congress. The report analyzed the financial standing of the United States of America and made recommendations to reorganize the national debt and to establish the public credit. Commissioned by the House of Representatives on September 21, 1789, the Report was presented on January 9, 1790, at the second session of the First US Congress. The 40,000 word document called for full federal payment at face value to holders of government securities (“Redemption”) and the national government to assume funding of all state debt (“Assumption”) The political stalemate in Congress that ensued led to the Compromise of 1790, locating the permanent US capitol on the Potomac River (""Residency”).The Federalist's success in winning approval for Hamilton’s reforms led to the emergence of an opposition party – the Democratic-Republicans and set the stage for political struggles that would persist for decades in American politics.