![IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN: 2321-5925.](http://s1.studyres.com/store/data/008353894_1-a1340dadc570d69d811e7ff45ac8b70e-300x300.png)
IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN: 2321-5925.
... the commodity among themselves. However due to the multiple numbers of Exchanges of the commodity and each at a higher price than before will cause the market to perceive a rising demand for the commodity. Also the corrective mechanism of the Supply and Demand fails as the production does not reflec ...
... the commodity among themselves. However due to the multiple numbers of Exchanges of the commodity and each at a higher price than before will cause the market to perceive a rising demand for the commodity. Also the corrective mechanism of the Supply and Demand fails as the production does not reflec ...
Losing sight of the forest for the trees?
... hazards of market exchange, the greater the tendency for firms to produce intermediate products internally rather than purchase them on the external market. Such hazards arise due to either the ex ante problems of information misrepresentation for any given exchange, or to the risks of asset-specifi ...
... hazards of market exchange, the greater the tendency for firms to produce intermediate products internally rather than purchase them on the external market. Such hazards arise due to either the ex ante problems of information misrepresentation for any given exchange, or to the risks of asset-specifi ...
Concentrated Ownership and Bailout Guarantees (November 2005)
... We also show that the model helps understand the behavior of asset prices during lending booms. The prices of productive assets often rise in booms to levels that are hard to reconcile with historical fundamentals. In our model, this happens because asset prices also capitalize future subsidies impl ...
... We also show that the model helps understand the behavior of asset prices during lending booms. The prices of productive assets often rise in booms to levels that are hard to reconcile with historical fundamentals. In our model, this happens because asset prices also capitalize future subsidies impl ...
harvard, yale, and alternative investments: a post
... The assets of the endowment or foundation are used to supplement the income of the organization Endowment spending averages 4.4% of assets, while foundations are legally required to spend at least 5% of assets annually. Universities with larger endowments have higher average spending rates Spe ...
... The assets of the endowment or foundation are used to supplement the income of the organization Endowment spending averages 4.4% of assets, while foundations are legally required to spend at least 5% of assets annually. Universities with larger endowments have higher average spending rates Spe ...
Household Credit Growth in Emerging Market Countries
... for about 70–80 percent of total household credit, while the average share of housing loans in total household credit is substantially lower for some of the rapidly growing markets (Figure 2.7). This low share in total household credit reflects several factors such as a still-high and volatile inter ...
... for about 70–80 percent of total household credit, while the average share of housing loans in total household credit is substantially lower for some of the rapidly growing markets (Figure 2.7). This low share in total household credit reflects several factors such as a still-high and volatile inter ...
GMO: Six Impossible Things Before Breakfast
... valuations have a narrative that explains why the shift is rational and permanent, I would argue that this time is more different than most. Whether we are talking about 1989 in Japan, 2000 in the US, or 2007 globally, what bubbles generally have in common is that the narratives require the suspensi ...
... valuations have a narrative that explains why the shift is rational and permanent, I would argue that this time is more different than most. Whether we are talking about 1989 in Japan, 2000 in the US, or 2007 globally, what bubbles generally have in common is that the narratives require the suspensi ...
Assessing the risk-return trade-off in loans
... presence of credit risk, may be interpreted as belonging to different economic sectors, or just as a means of classifying borrowers with different characteristics (e.g.: corporates vs. households). In each of these groups, there are Nk loans, for k = 1, · · · , K. I denote the volume of loan i from gr ...
... presence of credit risk, may be interpreted as belonging to different economic sectors, or just as a means of classifying borrowers with different characteristics (e.g.: corporates vs. households). In each of these groups, there are Nk loans, for k = 1, · · · , K. I denote the volume of loan i from gr ...
How does investor sentiment affect stock market crises
... Francisca BEER, [email protected], Tel: 001 909 880 5709 ...
... Francisca BEER, [email protected], Tel: 001 909 880 5709 ...
Money, Banking, and the Financial System (Hubbard/O`Brien)
... AACSB: Reflective Thinking 9) By providing and communicating information, the financial system A) reduces the difference between the return on three-month U.S. Treasury bills and the return on thirty-year U.S. Treasury bonds. B) relieves individual savers from the necessity of searching out individu ...
... AACSB: Reflective Thinking 9) By providing and communicating information, the financial system A) reduces the difference between the return on three-month U.S. Treasury bills and the return on thirty-year U.S. Treasury bonds. B) relieves individual savers from the necessity of searching out individu ...
Mutual Funds and Bubbles: The Surprising Role of Contractual
... However, the seemingly irrational behavior described above is not a characteristic of the entire fund-management industry. There still were many managers who followed a contrarian strategy or at least held a cautious/prudent view toward the rising stock market.1 In this article, we focus on a twofol ...
... However, the seemingly irrational behavior described above is not a characteristic of the entire fund-management industry. There still were many managers who followed a contrarian strategy or at least held a cautious/prudent view toward the rising stock market.1 In this article, we focus on a twofol ...
NBER WORKING PAPER SERIES PUTTING THE BRAKES ON SUDDEN STOPS:
... margin constraints and asset trading costs produce outcomes consistent with some of the key features of a Sudden Stop. This paper adds to their framework an IFO that offers ex ante guarantees to foreign investors on the asset prices of an emerging economy. Quantitative simulation analysis is used to ...
... margin constraints and asset trading costs produce outcomes consistent with some of the key features of a Sudden Stop. This paper adds to their framework an IFO that offers ex ante guarantees to foreign investors on the asset prices of an emerging economy. Quantitative simulation analysis is used to ...
United States housing bubble
![](https://commons.wikimedia.org/wiki/Special:FilePath/Shiller_IE2_Fig_2-1.png?width=300)
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.