The price impact of rating announcements
... In addition to controlling for market-wide factors, it is important to take account of two further factors when assessing the informational value of credit ratings. First, rating changes are often but not always preceded by other rating announcements that may anticipate the new rating. This is espec ...
... In addition to controlling for market-wide factors, it is important to take account of two further factors when assessing the informational value of credit ratings. First, rating changes are often but not always preceded by other rating announcements that may anticipate the new rating. This is espec ...
ING PP Example Reference 16x9
... Our core lending franchises grew by EUR 8.7 bln in 2Q15, with healthy growth in Retail and Commercial Banking • Retail Banking increased by EUR 4.3 bln driven by Belgium, Germany and Other Challengers & Growth Markets • Commercial Banking rose by EUR 4.7 bln • Further increase in Industry Lending, i ...
... Our core lending franchises grew by EUR 8.7 bln in 2Q15, with healthy growth in Retail and Commercial Banking • Retail Banking increased by EUR 4.3 bln driven by Belgium, Germany and Other Challengers & Growth Markets • Commercial Banking rose by EUR 4.7 bln • Further increase in Industry Lending, i ...
Your source for in-depth agricultural news
... $0.14 to $12.02 per bushel. If these prices are realized and current production costs for corn and soybeans do not change, the net return from soybean production will remain strong, but the return from corn production will be much smaller than the past four years. However, price expectations can qu ...
... $0.14 to $12.02 per bushel. If these prices are realized and current production costs for corn and soybeans do not change, the net return from soybean production will remain strong, but the return from corn production will be much smaller than the past four years. However, price expectations can qu ...
The Great Recession - Profit cycles, economic crisis
... make handouts, mainly to the rich, through cuts in big business taxes, but also to middle-class Americans in personal tax rebates. But the main reason has been very low interest rates, driven down by the policy decisions of the US Federal Reserve Bank under Alan Greenspan. This has led to historical ...
... make handouts, mainly to the rich, through cuts in big business taxes, but also to middle-class Americans in personal tax rebates. But the main reason has been very low interest rates, driven down by the policy decisions of the US Federal Reserve Bank under Alan Greenspan. This has led to historical ...
2008-I CENTRAL BANK OF THE REPUBLIC OF TURKEY
... 1.3. Risks and Monetary Policy There are both upside and downside risks to the inflation and monetary policy outlook: The main upside risk factor for the current medium term inflation outlook pertains to the potential second round effect of the accumulated supply shocks, which may also create a high ...
... 1.3. Risks and Monetary Policy There are both upside and downside risks to the inflation and monetary policy outlook: The main upside risk factor for the current medium term inflation outlook pertains to the potential second round effect of the accumulated supply shocks, which may also create a high ...
Public real estate and the term structure of interest rates
... transmitted via the yields used to capitalise the income flows from the properties underlying the firms (Lizieri and Satchell, 1997)ii. There are further reasons why real estate firms may respond differently to changes in monetary policy compared to companies in other industries. One source of inter ...
... transmitted via the yields used to capitalise the income flows from the properties underlying the firms (Lizieri and Satchell, 1997)ii. There are further reasons why real estate firms may respond differently to changes in monetary policy compared to companies in other industries. One source of inter ...
Rent growth continues, albeit at a slower pace, amid hefty new
... healthy economic growth in the U.S., the significant volume of new supply anticipated in 2016 will put upward pressure on vacancy. Rent growth remained strong and widespread in Q4 2015, though the pace of growth appears to be moderating. The average monthly rent per unit across the 62 CBRE EA market ...
... healthy economic growth in the U.S., the significant volume of new supply anticipated in 2016 will put upward pressure on vacancy. Rent growth remained strong and widespread in Q4 2015, though the pace of growth appears to be moderating. The average monthly rent per unit across the 62 CBRE EA market ...
The Fundamental Principles of Financial Regulation
... Each author has contributed on a personal basis, and no responsibility should be attached to any institution to which that author either is or has been attached. ...
... Each author has contributed on a personal basis, and no responsibility should be attached to any institution to which that author either is or has been attached. ...
This PDF is a selection from a published volume from... Economic Research Volume Title: NBER Macroeconomics Annual 2007, Volume 22
... to the inability to the higher rate for the lenders, not because generate project of any arbitrary restriction on the menus of the financial claims that they can issue. The main issues addressed that they here are general enough straint ...
... to the inability to the higher rate for the lenders, not because generate project of any arbitrary restriction on the menus of the financial claims that they can issue. The main issues addressed that they here are general enough straint ...
Short-Selling Bans and Bank Stability
... The large majority of the short-selling bans that were put in place during the 2008-09 subprime loan crisis and the 2011-12 European sovereign debt crisis have been directed to financial stocks, the regulators’ rationale being that in times of market stress, plunging bank stock prices due to short s ...
... The large majority of the short-selling bans that were put in place during the 2008-09 subprime loan crisis and the 2011-12 European sovereign debt crisis have been directed to financial stocks, the regulators’ rationale being that in times of market stress, plunging bank stock prices due to short s ...
Margin-based Asset Pricing and Deviations from the Law of One Price
... The paramount role of funding constraints becomes particularly salient during liquidity crises, with the one that started in 2007 being an excellent case in point. Banks unable to fund their operations closed down, and the funding problems spread to other investors, such as hedge funds, that relied ...
... The paramount role of funding constraints becomes particularly salient during liquidity crises, with the one that started in 2007 being an excellent case in point. Banks unable to fund their operations closed down, and the funding problems spread to other investors, such as hedge funds, that relied ...
United States housing bubble
The United States housing bubble was an economic bubble affecting many parts of the United States housing market in over half of American states. Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case-Shiller home price index reported its largest price drop in its history. The credit crisis resulting from the bursting of the housing bubble is—according to general consensus—the primary cause of the 2007–2009 recession in the United States.Increased foreclosure rates in 2006–2007 among U.S. homeowners led to a crisis in August 2008 for the subprime, Alt-A, collateralized debt obligation (CDO), mortgage, credit, hedge fund, and foreign bank markets. In October 2007, the U.S. Secretary of the Treasury called the bursting housing bubble ""the most significant risk to our economy.""Any collapse of the U.S. housing bubble has a direct impact not only on home valuations, but the nation's mortgage markets, home builders, real estate, home supply retail outlets, Wall Street hedge funds held by large institutional investors, and foreign banks, increasing the risk of a nationwide recession. Concerns about the impact of the collapsing housing and credit markets on the larger U.S. economy caused President George W. Bush and the Chairman of the Federal Reserve Ben Bernanke to announce a limited bailout of the U.S. housing market for homeowners who were unable to pay their mortgage debts.In 2008 alone, the United States government allocated over $900 billion to special loans and rescues related to the U.S. housing bubble, with over half going to Fannie Mae and Freddie Mac (both of which are government-sponsored enterprises) as well as the Federal Housing Administration. On December 24, 2009, the Treasury Department made an unprecedented announcement that it would be providing Fannie Mae and Freddie Mac unlimited financial support for the next three years despite acknowledging losses in excess of $400 billion so far. The Treasury has been criticized for encroaching on spending powers that are enumerated for Congress alone by the United States Constitution, and for violating limits imposed by the Housing and Economic Recovery Act of 2008.