end of the golden age? - Virtus Investment Partners
... With bond yields low and assets more correlated than their historical norm, what looks like a well-diversified portfolio may carry significant risk. If different assets sell off in tandem as global growth disappoints or U.S. interest rates rise unexpectedly, investors could discover just how diversi ...
... With bond yields low and assets more correlated than their historical norm, what looks like a well-diversified portfolio may carry significant risk. If different assets sell off in tandem as global growth disappoints or U.S. interest rates rise unexpectedly, investors could discover just how diversi ...
Competition between Banks and Bond Markets
... lending only contracted appreciably in five economies, and in these cases the contraction was more a reflection of banking crises than displacement by strong growth in bonds. There have been reports in Thailand and Hungary of many new bond issues being used to repay existing bank loans rather than t ...
... lending only contracted appreciably in five economies, and in these cases the contraction was more a reflection of banking crises than displacement by strong growth in bonds. There have been reports in Thailand and Hungary of many new bond issues being used to repay existing bank loans rather than t ...
A Time-Series Analysis of US Savings and Loan Performance: Major Trends and Policy Issues After the Housing Crisis:
... Mortgage securitization enables lenders to shift credit risk and interest rate risk to investors who have greater risk forbearance. As a recent by product of secondary ...
... Mortgage securitization enables lenders to shift credit risk and interest rate risk to investors who have greater risk forbearance. As a recent by product of secondary ...
22 Nov 2008
... One obvious lesson: Investment regulation must be tightened. There are huge money pools out there, such as the $60 trillion (that's right, trillion) worldwide market in something called "credit default swaps." These operate mostly outside of government supervision, they are not understood even by mo ...
... One obvious lesson: Investment regulation must be tightened. There are huge money pools out there, such as the $60 trillion (that's right, trillion) worldwide market in something called "credit default swaps." These operate mostly outside of government supervision, they are not understood even by mo ...
In general, equities have outperformed bonds this
... 1 and 3 years. If we are saying that the upcoming cycle is going to be shorter in duration and resulting in less of a rate adjustment, then there must be something that makes the Fed curtail its policy. That something needs to be a heightened chance of a recession coming from a sharp reduction in ag ...
... 1 and 3 years. If we are saying that the upcoming cycle is going to be shorter in duration and resulting in less of a rate adjustment, then there must be something that makes the Fed curtail its policy. That something needs to be a heightened chance of a recession coming from a sharp reduction in ag ...
Financial Crises and Aggegate Economic Activity
... and East Asia was the deterioration in banks’ balance sheets because of increasing loan losses When financial markets in these countries were deregulated in the early 1990s, a lending boom followed Bank granted credits to the private nonfinancial business sector Because of weak supervision by bank ...
... and East Asia was the deterioration in banks’ balance sheets because of increasing loan losses When financial markets in these countries were deregulated in the early 1990s, a lending boom followed Bank granted credits to the private nonfinancial business sector Because of weak supervision by bank ...
Hubert Cottogni_3rd Danube Financing Dialogue
... finance for SMEs in the region? In an environment where banks have become more risk averse and are concentrating on recapitalisation and deleveraging, access to finance for SMEs has dried up. At the same time, precisely due to the financial crisis, SMEs have lost the capacity to self-sustain and now ...
... finance for SMEs in the region? In an environment where banks have become more risk averse and are concentrating on recapitalisation and deleveraging, access to finance for SMEs has dried up. At the same time, precisely due to the financial crisis, SMEs have lost the capacity to self-sustain and now ...
Diversified Growth Funds – What are they?
... This short report is designed to introduce Diversified Growth Funds (DGFs) in terms of what are they, what do they invest in, why would an investor invest in such a fund and common issues that arise when selecting a DGF manager. Of note is that the terms DGF, total return and absolute return are oft ...
... This short report is designed to introduce Diversified Growth Funds (DGFs) in terms of what are they, what do they invest in, why would an investor invest in such a fund and common issues that arise when selecting a DGF manager. Of note is that the terms DGF, total return and absolute return are oft ...
Corporate Financing
... Too much focus on the Size (growth) issue of M & As as a result of Globalization and Global Competition - by ”big hands” or “rigging the market” True, but there is another very important, and positive, aspect to it – by “invisible hands” or “market forces” ...
... Too much focus on the Size (growth) issue of M & As as a result of Globalization and Global Competition - by ”big hands” or “rigging the market” True, but there is another very important, and positive, aspect to it – by “invisible hands” or “market forces” ...
Future Rate Hikes and Market Volatility
... volatility is because raising interest rates will make it more expensive for corporations to borrow capital. This increase has to be reflected in the stock price of the company. However, it’s important to note that given time, the market will adjust and we can expect to see more of the ebb and flow ...
... volatility is because raising interest rates will make it more expensive for corporations to borrow capital. This increase has to be reflected in the stock price of the company. However, it’s important to note that given time, the market will adjust and we can expect to see more of the ebb and flow ...
Analyses of the Herding Behavior for the SMEs Financing Plight
... commission shows that the commercial bank lending still flows to and concentrates on the big clients currently. Till the end of June 2006, the number of big customers that bore the loan above 100 million just occupied 0.5% of total number of customers of 17 large commercial banks, compared to the am ...
... commission shows that the commercial bank lending still flows to and concentrates on the big clients currently. Till the end of June 2006, the number of big customers that bore the loan above 100 million just occupied 0.5% of total number of customers of 17 large commercial banks, compared to the am ...
SOURCES OF BUSINESS FINANCE Introduction
... The IDRs can be listed on any Indian stock exchange. A single IDR can represent more than one share, such as one IDR = 10 shares. The holders of IDR have no right to vote in the company. The IDRs are in rupee denomination. Advantages of IDR It provides an additional investment opportunity to Indian ...
... The IDRs can be listed on any Indian stock exchange. A single IDR can represent more than one share, such as one IDR = 10 shares. The holders of IDR have no right to vote in the company. The IDRs are in rupee denomination. Advantages of IDR It provides an additional investment opportunity to Indian ...
China`s Equity Market Turmoil Raises Credit And Market Risks For
... unregulated products to achieve a much higher overall leverage. According to some news reports, unregulated margin finance reached Chinese renminbi (RMB) 2 trillion in early June. A prolonged regulatory forbearance toward unregulated margin finance not only provided regulatory arbitrage opportunitie ...
... unregulated products to achieve a much higher overall leverage. According to some news reports, unregulated margin finance reached Chinese renminbi (RMB) 2 trillion in early June. A prolonged regulatory forbearance toward unregulated margin finance not only provided regulatory arbitrage opportunitie ...
Overview of First National Bank
... Senior debt, subordinated debt, trust preferred, convertible subordinated debt, noncumulative perpetual preferred stock and common equity Shrinking the balance sheet Combination of the first two options ...
... Senior debt, subordinated debt, trust preferred, convertible subordinated debt, noncumulative perpetual preferred stock and common equity Shrinking the balance sheet Combination of the first two options ...
AFR Statement on SEC Final Rules Concerning Asset
... meaningful transparency and consistency of ratings across asset classes. The new requirements for asset-backed securities also have significant loopholes, particularly since they do not appear to cover privately issued structured finance products and certain significant asset classes. We hope the SE ...
... meaningful transparency and consistency of ratings across asset classes. The new requirements for asset-backed securities also have significant loopholes, particularly since they do not appear to cover privately issued structured finance products and certain significant asset classes. We hope the SE ...
Learning Objectives for MANA 7397 Quiz 3
... tested by the research. 12. In class we discussed studies of the literacy level of U.S. citizens and the investing expertise of mutual fund investors which raise serious questions about the "rationality" of investors. What implications do these studies have for the question of investor rationality? ...
... tested by the research. 12. In class we discussed studies of the literacy level of U.S. citizens and the investing expertise of mutual fund investors which raise serious questions about the "rationality" of investors. What implications do these studies have for the question of investor rationality? ...
New Century Financial - San Francisco State University
... For example, New Century engaged in at least seven wide-ranging improper accounting practices in 2005 and 2006, most of which were not in conformance with GAAP. Meanwhile, New Century failed to fully disclose special accounts related to repurchase loans. What’s more, New Century failed to value prop ...
... For example, New Century engaged in at least seven wide-ranging improper accounting practices in 2005 and 2006, most of which were not in conformance with GAAP. Meanwhile, New Century failed to fully disclose special accounts related to repurchase loans. What’s more, New Century failed to value prop ...
Money and Banking
... Contributed to Savings and Loan (S&Ls) crisis in the late 1980’s S&Ls unprepared to deal with lack of regulation 1980’s interest rates went up and S&Ls had too many low interest loans Made risky loans Many made bad loans to failed businesses 1999 Glass-Stegall Act repealed it allowed banks to buy an ...
... Contributed to Savings and Loan (S&Ls) crisis in the late 1980’s S&Ls unprepared to deal with lack of regulation 1980’s interest rates went up and S&Ls had too many low interest loans Made risky loans Many made bad loans to failed businesses 1999 Glass-Stegall Act repealed it allowed banks to buy an ...
The art of strategic thinking
... Panning out and examining the bigger picture at times like this can be invaluable. Cairn Capital’s work with pension funds in the UK, Europe and the US over the last four years has proved to us that far from being staid, stodgy or sleepy organisations they can be both progressive and dynamic. Self-A ...
... Panning out and examining the bigger picture at times like this can be invaluable. Cairn Capital’s work with pension funds in the UK, Europe and the US over the last four years has proved to us that far from being staid, stodgy or sleepy organisations they can be both progressive and dynamic. Self-A ...
An Alternative Strategy for Seekers of Absolute Return
... were not able to short stocks or hold large cash balances. Needless to say, these managers fell quickly out of favor with the new and growing base of investors seeking absolute return goals. Hedge funds filled this vacuum - all 8,000 of them! Today, the most popular version of these funds is called ...
... were not able to short stocks or hold large cash balances. Needless to say, these managers fell quickly out of favor with the new and growing base of investors seeking absolute return goals. Hedge funds filled this vacuum - all 8,000 of them! Today, the most popular version of these funds is called ...
1 Weekly Technical View April 18, 2016 Short Term High At Hand In
... Granted, a big part of this divergence between the A/D line and the S&P was due to the 80% collapse in technology stocks which represented 34% of the S&P in March 2000. Currently, there is no single sector that is so over weighted in the S&P, so an unwinding like the technology stocks experienced b ...
... Granted, a big part of this divergence between the A/D line and the S&P was due to the 80% collapse in technology stocks which represented 34% of the S&P in March 2000. Currently, there is no single sector that is so over weighted in the S&P, so an unwinding like the technology stocks experienced b ...