is the SEC adequately protecting the nation’s capital markets
... both through direct exposure to the fund and losses resulting from the impact on other market risks to which the institution is exposed. These concerns existed before the events associated with Long-Term Capital Management (LTCM) in 1998, but that episode provided a powerful example of both sets of ...
... both through direct exposure to the fund and losses resulting from the impact on other market risks to which the institution is exposed. These concerns existed before the events associated with Long-Term Capital Management (LTCM) in 1998, but that episode provided a powerful example of both sets of ...
Comparing patterns of default among prime and subprime mortgages
... borrowers; and while concern over this segment of the mortgage market is certainly justified, subprime mortgages account for only about one-quarter of the total outstanding home mortgage debt in the United States. The remaining 75 percent is in prime loans. Unlike subprime loans, prime loans are mad ...
... borrowers; and while concern over this segment of the mortgage market is certainly justified, subprime mortgages account for only about one-quarter of the total outstanding home mortgage debt in the United States. The remaining 75 percent is in prime loans. Unlike subprime loans, prime loans are mad ...
MATHEMATICS OF BUSINESS AND PERSONAL FINANCE (236)
... Explain how goals, decision-making, and planning affect personal financial choices and behaviors. 1. Discuss personal values that affect financial choices (e.g., home ownership, work ethic, charity, civic virtue). 2. Explain the components of a financial plan (e.g., goals, net worth statement, budge ...
... Explain how goals, decision-making, and planning affect personal financial choices and behaviors. 1. Discuss personal values that affect financial choices (e.g., home ownership, work ethic, charity, civic virtue). 2. Explain the components of a financial plan (e.g., goals, net worth statement, budge ...
Diamond markets under pressure. Rough prices
... Obviously, taking short-term gains at the expense of long-term loss is not wise.Whether it’s going to a party instead of studying for a test, eating too much at a fancy dinner and eventually suffering a heart attack or borrowing too much money and then being forced into bankruptcy, the long-term pri ...
... Obviously, taking short-term gains at the expense of long-term loss is not wise.Whether it’s going to a party instead of studying for a test, eating too much at a fancy dinner and eventually suffering a heart attack or borrowing too much money and then being forced into bankruptcy, the long-term pri ...
Minutes of the Federal Open Market Committee June 23-24, 2009
... the Federal Reserve either already had or could develop tools to remove policy accommodation when appropri- ...
... the Federal Reserve either already had or could develop tools to remove policy accommodation when appropri- ...
Government Intervention during the Asian Crisis
... Ironically, China did not experience the adverse economic effects of the Asian crisis because it had grown less rapidly than the Southeast Asian countries in the years prior to the crisis. The Chinese government had more control over economic conditions because it still owned most real estate and st ...
... Ironically, China did not experience the adverse economic effects of the Asian crisis because it had grown less rapidly than the Southeast Asian countries in the years prior to the crisis. The Chinese government had more control over economic conditions because it still owned most real estate and st ...
The Renewable Heat Incentive: a reformed and refocused scheme
... We are not in favour of the home owner/occupier having the right to contact Ofgem to stop payments to the third party if the outcome of this was to allow the third party to remove the heating technology from the property. We believe that the rules should allow a lender in possession or a Law of Prop ...
... We are not in favour of the home owner/occupier having the right to contact Ofgem to stop payments to the third party if the outcome of this was to allow the third party to remove the heating technology from the property. We believe that the rules should allow a lender in possession or a Law of Prop ...
Public Debt and Total Factor Productivity
... and heterogeneous firms facing idiosyncratic productivity shocks. Due to binding collateral constraints, the capital allocation among firms, and therefore TFP, are endogenous variables. If the credit constraints are sufficiently tight, low interest rates permit the government to run Ponzi schemes, i ...
... and heterogeneous firms facing idiosyncratic productivity shocks. Due to binding collateral constraints, the capital allocation among firms, and therefore TFP, are endogenous variables. If the credit constraints are sufficiently tight, low interest rates permit the government to run Ponzi schemes, i ...
Report 2015 - Savings and financing the Belgian economy
... to € 42.3 billion, an increase of € 1.3 billion on the yearearlier period, while at the same time scaling back their inventories by € 3.8 billion. In addition to increasing their gross capital formation, non-financial corporations also used the first nine months of 2015 to acquire financial assets t ...
... to € 42.3 billion, an increase of € 1.3 billion on the yearearlier period, while at the same time scaling back their inventories by € 3.8 billion. In addition to increasing their gross capital formation, non-financial corporations also used the first nine months of 2015 to acquire financial assets t ...
NBER WORKING PAPER SERIES
... challenges. The required regulatory oversight may be performed by each national authority, in ways akin to the role of a doctor in traditional Chinese medicine. Insight about the regulation is gained by recalling a key result of economic theory: the diversification benefits associated with increased ...
... challenges. The required regulatory oversight may be performed by each national authority, in ways akin to the role of a doctor in traditional Chinese medicine. Insight about the regulation is gained by recalling a key result of economic theory: the diversification benefits associated with increased ...
Higher Interest Rates Are on the Horizon
... The Fed Funds rate is the short-term interest rate set by the Fed and upon which other short-term U.S. interest rates are based. The FOMC has left the Fed Funds rate at zero since early 2009. Why? The FOMC has been concerned about the persistently low inflation rate below its 2 percent target level, ...
... The Fed Funds rate is the short-term interest rate set by the Fed and upon which other short-term U.S. interest rates are based. The FOMC has left the Fed Funds rate at zero since early 2009. Why? The FOMC has been concerned about the persistently low inflation rate below its 2 percent target level, ...
Winners and Losers in Housing Markets
... downpayment for buying a house; the household rents and consumes modestly to save for a downpayment. When the household accumulates some net worth, the household buys a house subject to the collateral constraint, which is smaller than a house that would be bought without the collateral constraint. A ...
... downpayment for buying a house; the household rents and consumes modestly to save for a downpayment. When the household accumulates some net worth, the household buys a house subject to the collateral constraint, which is smaller than a house that would be bought without the collateral constraint. A ...
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.