The Role of the Financial Sector
... reduced and this allows currently credit constrained firms to obtain more credit, effectively expanding collateral. Partial credit guarantees are potentially effective and efficient instruments to counteract other market failures: By increasing the number of firms with access to credit, a credit gua ...
... reduced and this allows currently credit constrained firms to obtain more credit, effectively expanding collateral. Partial credit guarantees are potentially effective and efficient instruments to counteract other market failures: By increasing the number of firms with access to credit, a credit gua ...
Regional Economic Report
... these events became much more apparent in the December quarter and has set the tone for 2009. Weak conditions will be widespread in the Australian economy, particularly the first half of the year. Consumers will be cautious and spending will be subdued, with annual growth expected to be around 1½% t ...
... these events became much more apparent in the December quarter and has set the tone for 2009. Weak conditions will be widespread in the Australian economy, particularly the first half of the year. Consumers will be cautious and spending will be subdued, with annual growth expected to be around 1½% t ...
Economic surveillance after the crisis: Reflections from a small full
... behaviour and practices of the world’s central banks. In particular, it has affected the way central banks monitor and analyse economic conditions to formulate monetary and financial stability policies. We can describe this monitoring and analysis process as ‘economic surveillance’. Economic surveil ...
... behaviour and practices of the world’s central banks. In particular, it has affected the way central banks monitor and analyse economic conditions to formulate monetary and financial stability policies. We can describe this monitoring and analysis process as ‘economic surveillance’. Economic surveil ...
Switzerland - Swiss National Bank
... domestic residential real estate price indicators. The key indicators have been chosen based on their ability to act as early warning indicators both for Switzerland and abroad. Mortgage volume indicators Prolonged phases characterized by unusually strong dynamics in bank lending are often followed ...
... domestic residential real estate price indicators. The key indicators have been chosen based on their ability to act as early warning indicators both for Switzerland and abroad. Mortgage volume indicators Prolonged phases characterized by unusually strong dynamics in bank lending are often followed ...
The Effects of the Saving and Banking Glut on the U.S. Economy
... the features of U.S. financial markets—regulation, risk-management, securitization, funding models—that contributed to the credit and housing boom of the first half of the 2000s, whose reversal was the proximate cause of the crisis.1 A more recent strand of literature, however, has brought back into ...
... the features of U.S. financial markets—regulation, risk-management, securitization, funding models—that contributed to the credit and housing boom of the first half of the 2000s, whose reversal was the proximate cause of the crisis.1 A more recent strand of literature, however, has brought back into ...
397Analysis of bubble in Shanghai housing marketHL
... support and encouragement during the period of my thesis project. The inspiring advice and insightful criticism from Prof. Lind are extremely essential and valuable in my research and my thesis. This dissertation could not be completed without his effort. I wish to express my sincere gratitude to hi ...
... support and encouragement during the period of my thesis project. The inspiring advice and insightful criticism from Prof. Lind are extremely essential and valuable in my research and my thesis. This dissertation could not be completed without his effort. I wish to express my sincere gratitude to hi ...
The Life-Cycle Effects of House Price Changes
... homes is not large enough to compensate them for the rise in their lifetime housing costs. House price appreciation also lowers a renter’s lifetime welfare, since he suffers from higher costs in acquiring housing services and yet does not receive any housing wealth gains. Only old homeowners receiv ...
... homes is not large enough to compensate them for the rise in their lifetime housing costs. House price appreciation also lowers a renter’s lifetime welfare, since he suffers from higher costs in acquiring housing services and yet does not receive any housing wealth gains. Only old homeowners receiv ...
The Changing Nature of Financial Intermediation and the Financial
... (and subsequent collapse) of the broker-dealer sector of the economy, the sector that includes the securities firms. Broker-dealers are at the heart of the market-based financial system, as they make markets for tradable assets, they originate new securities, and they produce derivatives. Broker-dea ...
... (and subsequent collapse) of the broker-dealer sector of the economy, the sector that includes the securities firms. Broker-dealers are at the heart of the market-based financial system, as they make markets for tradable assets, they originate new securities, and they produce derivatives. Broker-dea ...
PRESS RELEASE 11 July 2017 TIM PHILLIPS JOINS
... other issues that have to be taken into account. He will be a great asset to our team and I know that our clients and broker partners will appreciate his expertise and the added value he can offer.” ...
... other issues that have to be taken into account. He will be a great asset to our team and I know that our clients and broker partners will appreciate his expertise and the added value he can offer.” ...
Going Back to the Basics – Rethinking Market Efficiency
... is important to find a good measure of how well a market operates. This is why, in view of our results, we would like to suggest some ideas for a redefinition of “efficient markets”. From a dynamic perspective, the notion of reduced friction should be central to the notion of efficiency. We consider ...
... is important to find a good measure of how well a market operates. This is why, in view of our results, we would like to suggest some ideas for a redefinition of “efficient markets”. From a dynamic perspective, the notion of reduced friction should be central to the notion of efficiency. We consider ...
Steady as she goes?
... The Bond Buyer 20 Index is a representation of municipal bond trends, based on a portfolio of 20 general obligation bonds that mature in 20 years. The index is based on a survey of municipal bond traders rather than actual prices or yields. The Bond Buyer 20 Index is published by The Bond Buyer, a d ...
... The Bond Buyer 20 Index is a representation of municipal bond trends, based on a portfolio of 20 general obligation bonds that mature in 20 years. The index is based on a survey of municipal bond traders rather than actual prices or yields. The Bond Buyer 20 Index is published by The Bond Buyer, a d ...
Second Quarter 2016 Securities Markets Commentary Index
... two years; they are nothing new and domestic stocks have held firm against them. Notwithstanding the dire predictions of the bears – who start their rumblings every time some unforeseen event causes a temporary sell-off – the indexes have recovered and are nearing new highs. Compared with the wild r ...
... two years; they are nothing new and domestic stocks have held firm against them. Notwithstanding the dire predictions of the bears – who start their rumblings every time some unforeseen event causes a temporary sell-off – the indexes have recovered and are nearing new highs. Compared with the wild r ...
Uneasy calm gives way to turbulence
... exacerbated the price decline.2 Lower oil prices reduce the cash flows from current production and raise the risk of illiquidity and possibly debt defaults. Firms facing such strains may have maintained or even raised production to preserve liquidity and reduce debt, thereby contributing to further ...
... exacerbated the price decline.2 Lower oil prices reduce the cash flows from current production and raise the risk of illiquidity and possibly debt defaults. Firms facing such strains may have maintained or even raised production to preserve liquidity and reduce debt, thereby contributing to further ...
Chapter 9
... Occurs when prices are raised to cover rising production costs, such as wages DEMAND-PULL INFLATION: Occurs during economic expansions when demand for goods and services is greater than supply ...
... Occurs when prices are raised to cover rising production costs, such as wages DEMAND-PULL INFLATION: Occurs during economic expansions when demand for goods and services is greater than supply ...
Commercial Real Estate Finance Leaders Expect Favorable Market
... estate finance market, including balance sheet and securitized (CMBS) lenders, loan and bond investors, private equity firms, servicers and rating agencies, among others. The U.S. commercial real estate debt market is $3.5 trillion. The CRE Finance Council 2016 Market Outlook Survey results come in ...
... estate finance market, including balance sheet and securitized (CMBS) lenders, loan and bond investors, private equity firms, servicers and rating agencies, among others. The U.S. commercial real estate debt market is $3.5 trillion. The CRE Finance Council 2016 Market Outlook Survey results come in ...
A Responsible Market for Housing Finance
... happen in this primary market represent only a part of the housing finance system. To fund mortgage loans for homeowners and support rental housing, lenders need access to a pool of capital that in turn depends on a transparent, effectively regulated secondary market. This paper is concerned primari ...
... happen in this primary market represent only a part of the housing finance system. To fund mortgage loans for homeowners and support rental housing, lenders need access to a pool of capital that in turn depends on a transparent, effectively regulated secondary market. This paper is concerned primari ...
Comments on financial results of the Unipetrol Group
... Consolidated net profit of Unipetrol a.s. for the whole period of 9 months 2005 reached the level of 2 312.56 m CZK and was higher by 18.4% than 9 months 2004 figure. Main reasons for improvement of the results were: good market situation in Czech Republic, favorable refinery prices and margins, tem ...
... Consolidated net profit of Unipetrol a.s. for the whole period of 9 months 2005 reached the level of 2 312.56 m CZK and was higher by 18.4% than 9 months 2004 figure. Main reasons for improvement of the results were: good market situation in Czech Republic, favorable refinery prices and margins, tem ...
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.