Vanguard Materials ETF Summary Prospectus
... which the Fund invests will trail returns from the overall stock market. Small-, mid-, and large-cap stocks each tend to go through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted for as long as several y ...
... which the Fund invests will trail returns from the overall stock market. Small-, mid-, and large-cap stocks each tend to go through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted for as long as several y ...
Hedge Funds How They Serve Investors in U.S. and Global Markets
... fewer limitations on their activities has been, and continues to be, a reasonable policy choice.” Sen. Jack Reed July 15, 20095 ...
... fewer limitations on their activities has been, and continues to be, a reasonable policy choice.” Sen. Jack Reed July 15, 20095 ...
The Relationship between Credit Growth and the Expected Returns
... characterize the balance sheet of a typical bank. In concert, these characteristics increase the likelihood that a bank will enter distress upon the realization of a tail event. Hence, as the probability of a tail event increases, projects with lower expected cash flows are rejected by the bank, eff ...
... characterize the balance sheet of a typical bank. In concert, these characteristics increase the likelihood that a bank will enter distress upon the realization of a tail event. Hence, as the probability of a tail event increases, projects with lower expected cash flows are rejected by the bank, eff ...
Higher Capital Requirements, Safer Banks? Milton Harris Christian C. Opp
... to which many proponents of stricter regulation refer: greater skin in the game reduces, ceteris paribus, the private incentives for risk-shifting. In general equilibrium, however, we show that, over a wide range, increases in capital requirements may induce some banks to switch from socially benef ...
... to which many proponents of stricter regulation refer: greater skin in the game reduces, ceteris paribus, the private incentives for risk-shifting. In general equilibrium, however, we show that, over a wide range, increases in capital requirements may induce some banks to switch from socially benef ...
Long-term Capital Market Return Assumptions
... desynchronization in the next several years. Policy divergence will likely follow as the U.S. Federal Reserve begins to raise interest rates while other DM central banks consider additional easing measures. Varying local conditions will likely prevent a unified global business cycle from appearing, ...
... desynchronization in the next several years. Policy divergence will likely follow as the U.S. Federal Reserve begins to raise interest rates while other DM central banks consider additional easing measures. Varying local conditions will likely prevent a unified global business cycle from appearing, ...
1 Competition and Concentration in the New European Banking
... and concentration) seem to contrast each other, if we accept the theoretical proposition according to which a more concentrated market implies a lower degree of competition due to undesirable exercise of market power by banks. Other theories (e.g. contestability theory) maintain that, under particul ...
... and concentration) seem to contrast each other, if we accept the theoretical proposition according to which a more concentrated market implies a lower degree of competition due to undesirable exercise of market power by banks. Other theories (e.g. contestability theory) maintain that, under particul ...
Essays in Monetary Policy and Banking Babak Mahmoudi
... This dissertation investigates the impact of central banks’ asset purchase programs on the economy and the role of frictions in the corporate loan markets. It builds a series of models with trading and information frictions in goods market and credit market. Chapter 1 introduces the main idea in thi ...
... This dissertation investigates the impact of central banks’ asset purchase programs on the economy and the role of frictions in the corporate loan markets. It builds a series of models with trading and information frictions in goods market and credit market. Chapter 1 introduces the main idea in thi ...
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... their investors, much different investment opportunities compared to common stocks. Second, unlike deposit mobilization by the Islamic banks, the resource mobilization requirements of the MCos., compel them to participate in the capital markets. Third, while contributing to economic development by r ...
... their investors, much different investment opportunities compared to common stocks. Second, unlike deposit mobilization by the Islamic banks, the resource mobilization requirements of the MCos., compel them to participate in the capital markets. Third, while contributing to economic development by r ...
Sovereign CDS and Bond Pricing Dynamics in the Euro-area
... (Hogan, Teo, and Warachka, 2004) on the CDS-bond basis trying to assess whether the existence of a non-zero basis has either to be seen as a consequence of market frictions or has to be understood as an opportunity for arbitrage. In their price discovery analysis, they use rolling windows estimation ...
... (Hogan, Teo, and Warachka, 2004) on the CDS-bond basis trying to assess whether the existence of a non-zero basis has either to be seen as a consequence of market frictions or has to be understood as an opportunity for arbitrage. In their price discovery analysis, they use rolling windows estimation ...
ESSAYS ON DETERMINANTS OF FINANCIAL BEHAVIOR OF
... This thesis investigates the role of individual-specific factors in individuals’ financial behavior. The main focus of the analysis is on two characteristics of individuals: risk attitude and gender. Although these two factors are believed to be important determinants of financial behavior, a review ...
... This thesis investigates the role of individual-specific factors in individuals’ financial behavior. The main focus of the analysis is on two characteristics of individuals: risk attitude and gender. Although these two factors are believed to be important determinants of financial behavior, a review ...
CLAREMONT McKENNA COLLEGE STOCK MARKET SENTIMENT
... appreciate against the U.S. dollar since 2002.10 These expected appreciations have increased since 2005 as China has allowed more flexibility in its currency and the dollar has weakened worldwide. Therefore, these fluctuations could be driving the expanding discounts. A negative graphical relations ...
... appreciate against the U.S. dollar since 2002.10 These expected appreciations have increased since 2005 as China has allowed more flexibility in its currency and the dollar has weakened worldwide. Therefore, these fluctuations could be driving the expanding discounts. A negative graphical relations ...
Endogenous financial intermediation and real effects of capital
... NPV and the good project has a positive NPV. When successful, the bad project returns more than the good project. With private information, loan contracts cannot be contingent on an agent’s type or action. This leads to a moral hazard problem in investment for type BG agents as they can invest in th ...
... NPV and the good project has a positive NPV. When successful, the bad project returns more than the good project. With private information, loan contracts cannot be contingent on an agent’s type or action. This leads to a moral hazard problem in investment for type BG agents as they can invest in th ...
Pathways PDS - North Online
... The Fund’s risk band and risk label are based on an estimation that the number of negative annual returns over any 20 year period would be within the range of 0.5 to less than 1. Information about the methodology used for calculating the risk level can be obtained by contacting us. This summary is n ...
... The Fund’s risk band and risk label are based on an estimation that the number of negative annual returns over any 20 year period would be within the range of 0.5 to less than 1. Information about the methodology used for calculating the risk level can be obtained by contacting us. This summary is n ...
Capital Account Liberalization, Institutions and Financial Development:
... liquid liabilities measure is the most common measure of financial development; it consists of the sum of currency outside the banking system, plus demand and interest bearing liabilities of the banking system. This measure, however, does not distinguish between allocation to private and public sec ...
... liquid liabilities measure is the most common measure of financial development; it consists of the sum of currency outside the banking system, plus demand and interest bearing liabilities of the banking system. This measure, however, does not distinguish between allocation to private and public sec ...
2nd Con Doc on NBNI G
... the G-SIFI framework that currently covers banks and insurers to other financial institutions.9 Thus, NBNI G-SIFI methodologies include a high-level framework and an operational framework for identifying G-SIFIs that would apply across NBNI financial entities (as set out in this Section), as well as ...
... the G-SIFI framework that currently covers banks and insurers to other financial institutions.9 Thus, NBNI G-SIFI methodologies include a high-level framework and an operational framework for identifying G-SIFIs that would apply across NBNI financial entities (as set out in this Section), as well as ...
"Al. I. CUZA" UNIVERSITY of IAŞI DOCTORAL SCHOOL
... funding relationships and creditors must deal with more trust companies with financial difficulties, imposing bank creditors a better understanding of their role in financing. This paper was intended to be a starting point for further research of credit risk in the context of restructuring firms. In ...
... funding relationships and creditors must deal with more trust companies with financial difficulties, imposing bank creditors a better understanding of their role in financing. This paper was intended to be a starting point for further research of credit risk in the context of restructuring firms. In ...
Property Lending Barometer 2016
... in terms of whether countries in continental Europe are expected to benefit overall or suffer from the medium to long-term consequences. At a global level, higher volatility is expected, as the UK accounts for 16% of the European Union’s GDP. Bank lending As in the previous two years, a recovery pha ...
... in terms of whether countries in continental Europe are expected to benefit overall or suffer from the medium to long-term consequences. At a global level, higher volatility is expected, as the UK accounts for 16% of the European Union’s GDP. Bank lending As in the previous two years, a recovery pha ...
Default Option Exercise over the Financial Crisis and Beyond
... run-up in defaults during the crisis reflected declines in home equity compounded by a markedly elevated borrower negative equity beta. More broadly, our findings suggest the appropriateness of time-varying coefficient default hazard models. The longstanding assumption of a static negative equity be ...
... run-up in defaults during the crisis reflected declines in home equity compounded by a markedly elevated borrower negative equity beta. More broadly, our findings suggest the appropriateness of time-varying coefficient default hazard models. The longstanding assumption of a static negative equity be ...
Money Management
... these funds into your monthly budget. The sum of all of these sources, plus your wages, make up your monthly income. ...
... these funds into your monthly budget. The sum of all of these sources, plus your wages, make up your monthly income. ...
The Colors of Investors` Money: The Role of Institutional
... coverage. Domestic institutions underweight these same stocks. Foreign institutions also tend to avoid high dividend-paying stocks. Third, U.S. institutions diverge from non-U.S. foreign institutions in their preference for value over growth stocks, and a tendency to hold stocks in English-speaking ...
... coverage. Domestic institutions underweight these same stocks. Foreign institutions also tend to avoid high dividend-paying stocks. Third, U.S. institutions diverge from non-U.S. foreign institutions in their preference for value over growth stocks, and a tendency to hold stocks in English-speaking ...
Exemption From Audit Requirement For A Regulated Mutual Fund.
... 5.1.7 Where a fund is dissolving by way of merger within six (6) months of its last financial year end for which an audit has been filed, or is due to be filed: a) The terminating or dissolving fund is required to submit the information as set out in the Regulatory Procedure and, where it is merging ...
... 5.1.7 Where a fund is dissolving by way of merger within six (6) months of its last financial year end for which an audit has been filed, or is due to be filed: a) The terminating or dissolving fund is required to submit the information as set out in the Regulatory Procedure and, where it is merging ...
How do insured deposits affect bank stability
... affected banks to become more risky relative to the unaffected banks. This is reflected in estimations for a variety of risk measures, including banks’ predicted probabilities of default, banks’ z-scores2 , and loan loss provisions. Further, our analysis shows that affected banks’ increase their invest ...
... affected banks to become more risky relative to the unaffected banks. This is reflected in estimations for a variety of risk measures, including banks’ predicted probabilities of default, banks’ z-scores2 , and loan loss provisions. Further, our analysis shows that affected banks’ increase their invest ...
Unlocking SME finance through market-based debt
... While regulatory reforms are required to improve financial stability and avoid pitfalls of the recent past, some of these reforms may also unduly dis-incentivise originators and investors and thus potentially inhibit the revival of a healthy securitisation market. Complex and sometimes conceptually ...
... While regulatory reforms are required to improve financial stability and avoid pitfalls of the recent past, some of these reforms may also unduly dis-incentivise originators and investors and thus potentially inhibit the revival of a healthy securitisation market. Complex and sometimes conceptually ...
Estimating Equity Risk Premiums Report
... historical ERP, they used arithmetic means and T-bills. If returns are uncorrelated, the arithmetic average should be used since the mean terminal value is obtained by compounding the mean returns 7. T-bills are used for the risk free rate because individual behavior is being modeled and bonds carry ...
... historical ERP, they used arithmetic means and T-bills. If returns are uncorrelated, the arithmetic average should be used since the mean terminal value is obtained by compounding the mean returns 7. T-bills are used for the risk free rate because individual behavior is being modeled and bonds carry ...
Private Placement Financing - Informa Financial Intelligence
... The success was short lived however, by the fourth day the ...
... The success was short lived however, by the fourth day the ...