Impact of the global financial and economic situation on agricultural
... fertiliser and ocean freight rates. Urea prices that as recently as August 2008 were quoted at US$785/800 a tonne FOB Black Sea, were quoted in January 2009 this month quoted at US$215/230 a tonne. The Baltic Dry Index of ocean freight rates is at the lowest level seen in at least five years — from ...
... fertiliser and ocean freight rates. Urea prices that as recently as August 2008 were quoted at US$785/800 a tonne FOB Black Sea, were quoted in January 2009 this month quoted at US$215/230 a tonne. The Baltic Dry Index of ocean freight rates is at the lowest level seen in at least five years — from ...
Dynamic Modeling, In-Sample Fitting and Out-of
... reforms in China are now “significant enough to be detected” in the real estate market. The house price and construction dynamics are chosen to be the focus of this study for obvious reasons. First, the China housing price and construction data series in China are more complete than other related se ...
... reforms in China are now “significant enough to be detected” in the real estate market. The house price and construction dynamics are chosen to be the focus of this study for obvious reasons. First, the China housing price and construction data series in China are more complete than other related se ...
Data Management: Does changing - Federal Reserve Bank of Atlanta
... • In the model, financial intermediaries can issue equity at no cost – Any discrepancy between assets and the value of existing equity, shadow- money and money is always made up by issuing new equity ...
... • In the model, financial intermediaries can issue equity at no cost – Any discrepancy between assets and the value of existing equity, shadow- money and money is always made up by issuing new equity ...
Emotional State and Market Behavior Adriana Breaban Charles N
... from time t onward. In other words, f t = (T – t + 1)E(dt). In our markets, the life of the asset was T = 15, and the dividend was dt ∈ {0,8,28,60}, where each realization was equally likely, for all t. Thus, E(dt) = 24, and f t = 24(16 – t) = 384 – 24*t at time t. The dividend distribution had a st ...
... from time t onward. In other words, f t = (T – t + 1)E(dt). In our markets, the life of the asset was T = 15, and the dividend was dt ∈ {0,8,28,60}, where each realization was equally likely, for all t. Thus, E(dt) = 24, and f t = 24(16 – t) = 384 – 24*t at time t. The dividend distribution had a st ...
Quantitative Easing - Cambridge Political Economy Society
... mortgage lenders, declared bankruptcy. In addition to its dubious accounting practices, New Century was highly leveraged, relying on about $2 billion in equity to control more than $25 billion in assets. The troubled tale of New Century was indicative of the industry-wide problems that plagued subpr ...
... mortgage lenders, declared bankruptcy. In addition to its dubious accounting practices, New Century was highly leveraged, relying on about $2 billion in equity to control more than $25 billion in assets. The troubled tale of New Century was indicative of the industry-wide problems that plagued subpr ...
An Experienced View on Markets and Investing
... covariation in returns that can’t be diversified away. These sources of variance seem to have different prices than market variance has; otherwise, the CAPM would work. Because these factors are scaled price variables—such as the book-to-market, earnings-to-price, and dividend-to-price ratios—the imp ...
... covariation in returns that can’t be diversified away. These sources of variance seem to have different prices than market variance has; otherwise, the CAPM would work. Because these factors are scaled price variables—such as the book-to-market, earnings-to-price, and dividend-to-price ratios—the imp ...
Where Are We in the Credit Cycle?
... RECOVERY. Corporate profit margins get a boost from restructured balance sheets and reduced debt loads. The economy continues to improve. Leverage decreases and free cash flow grows. Corporate bond spreads continue to decline. EXPANSION. In a strengthening economy, banks increase lending and confide ...
... RECOVERY. Corporate profit margins get a boost from restructured balance sheets and reduced debt loads. The economy continues to improve. Leverage decreases and free cash flow grows. Corporate bond spreads continue to decline. EXPANSION. In a strengthening economy, banks increase lending and confide ...
The Global Crisis and the Remedial Actions
... real assets in the long run. Instead the demand for financial assets are guided by prospects of “quasi-rents” as determined by profits and losses in the short run (Davidson 1999, pp. 91-92). With availability of credit and information technology which make for fast communications, perceptions are al ...
... real assets in the long run. Instead the demand for financial assets are guided by prospects of “quasi-rents” as determined by profits and losses in the short run (Davidson 1999, pp. 91-92). With availability of credit and information technology which make for fast communications, perceptions are al ...
A PowerPoint presentation is available.
... scatter of international and national macrofinancial expertise. We at the Fund have already begun intensifying our early warning capabilities and will be strengthening our collaboration with others involved in this area.” ...
... scatter of international and national macrofinancial expertise. We at the Fund have already begun intensifying our early warning capabilities and will be strengthening our collaboration with others involved in this area.” ...
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.