Mutal Funds - BYU Personal Finance
... • Always compare funds with the same objective • Compare them to a relevant index. Some funds are not willing to be compared to an index as it shows their poor performance. • Evaluate the fund’s long-term performance versus peers and the relevant index • Try to make sure they haven’t inflated return ...
... • Always compare funds with the same objective • Compare them to a relevant index. Some funds are not willing to be compared to an index as it shows their poor performance. • Evaluate the fund’s long-term performance versus peers and the relevant index • Try to make sure they haven’t inflated return ...
Concentrated Ownership and Bailout Guarantees (November 2005)
... creates a moral hazard problem that entails overborrowing, excessive investment and risk taking. A boom then ends once it is realized that further guarantees are not credible and a crisis ensues. The standard moral hazard account of lending booms suffers from two drawbacks. First, the typical boom do ...
... creates a moral hazard problem that entails overborrowing, excessive investment and risk taking. A boom then ends once it is realized that further guarantees are not credible and a crisis ensues. The standard moral hazard account of lending booms suffers from two drawbacks. First, the typical boom do ...
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... the resulting loan modifications can be characterized as one-time emergency transactions. Unfortunately, it is also the case that many defaulting subprime borrowers are beyond such help, and the default rate on once-modified loans is itself quite high. (4) Limiting Borrower Costs from Subprime Mortg ...
... the resulting loan modifications can be characterized as one-time emergency transactions. Unfortunately, it is also the case that many defaulting subprime borrowers are beyond such help, and the default rate on once-modified loans is itself quite high. (4) Limiting Borrower Costs from Subprime Mortg ...
Group-Based Financial Institutions for the Rural
... t is not difficult to fathom why the simplest form of financial service can make a significant difference to a poor family. Many of the world’s poor are microentrepreneurs— farmers, shopkeepers, weavers, small commodity producers, traders, and the like. Like other businesspeople, they require access ...
... t is not difficult to fathom why the simplest form of financial service can make a significant difference to a poor family. Many of the world’s poor are microentrepreneurs— farmers, shopkeepers, weavers, small commodity producers, traders, and the like. Like other businesspeople, they require access ...
The Macro-Economic Effects of Directed Credit Policies: A Real
... with potentially higher returns. Government interventions in financial markets thus constrain the size of the financial system with adverse consequences for investment and economic growth. This argument has provided the basis for the financial liberalization policies recommended by the World Bank (1 ...
... with potentially higher returns. Government interventions in financial markets thus constrain the size of the financial system with adverse consequences for investment and economic growth. This argument has provided the basis for the financial liberalization policies recommended by the World Bank (1 ...
NBER WORKING PAPER SERIES CAPITAL ACCOUNT LIBERALIZATION, INSTITUTIONS AND FINANCIAL
... 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 ...
DEBT CAPITAL MARKETS 2015 REVIEW AND 2016 FORECAST
... and preference for stronger credits and geographies, (ii) growing liquidity premium for inaugural and smaller / illiquid deals and (iii) increased competition from cov-lite loans. ...
... and preference for stronger credits and geographies, (ii) growing liquidity premium for inaugural and smaller / illiquid deals and (iii) increased competition from cov-lite loans. ...
Glossary of Mutual Fund and Other Related Financial Terms
... after-tax returns are not relevant for shareholders in tax-deferred retirement accounts. annual report. A report that a fund sends to its shareholders that discusses the fund’s performance over the past fiscal year and identifies the securities in the fund’s portfolio on the last business day of the ...
... after-tax returns are not relevant for shareholders in tax-deferred retirement accounts. annual report. A report that a fund sends to its shareholders that discusses the fund’s performance over the past fiscal year and identifies the securities in the fund’s portfolio on the last business day of the ...
Innovative Financial Mechanisms for Urban Heritage
... land value. These two types of risk instigate various other risks associated with the financial lenders, particularly loan and credit risk, which relate to the inability of borrowers to make loan payments; for example, in case the value of the property which may be given as security is eroded. These ...
... land value. These two types of risk instigate various other risks associated with the financial lenders, particularly loan and credit risk, which relate to the inability of borrowers to make loan payments; for example, in case the value of the property which may be given as security is eroded. These ...
PDF - Publications
... to adapt the risks they take to their ability to bear them; intermediaries, which are responsible for ensuring the right match between lenders and borrowers. Yet the risks associated with this disintermediation trend are clear: the poor assessment of risk by investors; the reliance of companies on u ...
... to adapt the risks they take to their ability to bear them; intermediaries, which are responsible for ensuring the right match between lenders and borrowers. Yet the risks associated with this disintermediation trend are clear: the poor assessment of risk by investors; the reliance of companies on u ...
403(b) – Vendor Charge Comparison Annuities
... District administrative requirements allow companies which meet certain standards and maintain a minimum number of employee accounts to provide 403(b) TSA accounts to employees. The companies listed are currently authorized under administrative guidelines to establish 403(b) and 403(b)(7) accounts f ...
... District administrative requirements allow companies which meet certain standards and maintain a minimum number of employee accounts to provide 403(b) TSA accounts to employees. The companies listed are currently authorized under administrative guidelines to establish 403(b) and 403(b)(7) accounts f ...
Sequential Sales, Learning, and Cascades
... will in general receive more proceeds. Still, one might expect that this would not be a significant problem with infinitely many investors; eventually the influence of a few random initial signals would give way to the overwhelming influence of the information that is held by that of many other inve ...
... will in general receive more proceeds. Still, one might expect that this would not be a significant problem with infinitely many investors; eventually the influence of a few random initial signals would give way to the overwhelming influence of the information that is held by that of many other inve ...
Foreclosure Update and New Appraisal Regulations
... State Attorneys General partner with state bank and mortgage regulators in 50 states to form a bi-partisan multistate group to investigate individual mortgage servicers. Regulators investigate allegations that servicers submitted faulty affidavits in support of mortgage foreclosure proceedings. Acco ...
... State Attorneys General partner with state bank and mortgage regulators in 50 states to form a bi-partisan multistate group to investigate individual mortgage servicers. Regulators investigate allegations that servicers submitted faulty affidavits in support of mortgage foreclosure proceedings. Acco ...
MARKET STRUCTURE, STRATEGIC CHOICE AND BANK
... performance of the banks. Even though these are observable, it is necessary to quantify how far the performance of the banks is affected by the above mentioned factors. This research focuses on identifying the direct and indirect effect of market structure, strategic choices such as risk taking stra ...
... performance of the banks. Even though these are observable, it is necessary to quantify how far the performance of the banks is affected by the above mentioned factors. This research focuses on identifying the direct and indirect effect of market structure, strategic choices such as risk taking stra ...
Credit Supply and the Housing Boom
... it does not rule out a contemporaneous loosening of collateral requirements for marginal borrowers of the kind documented for instance by Duca et al. (2011), Favilukis et al. (2013) and Geanakoplos (2010). However, our results imply that the aggregate impact of looser collateral requirements during ...
... it does not rule out a contemporaneous loosening of collateral requirements for marginal borrowers of the kind documented for instance by Duca et al. (2011), Favilukis et al. (2013) and Geanakoplos (2010). However, our results imply that the aggregate impact of looser collateral requirements during ...
Dividends and Stock Valuation: A Study From the Nineteenth to the
... to provide a new perspective into how investors value assets and how this depends on economic conditions. This complements the standard asset pricing tests which focus on what factors influence the changes in the actual price and ignore what factors may influence the fundamental price – arguably th ...
... to provide a new perspective into how investors value assets and how this depends on economic conditions. This complements the standard asset pricing tests which focus on what factors influence the changes in the actual price and ignore what factors may influence the fundamental price – arguably th ...
Herd Behavior in the NASDAQ OMX Baltic Stock Market
... On the basis of the statistical measures, the cross-sectional standard deviation (Christie & Huang, 1995) and the cross-sectional absolute deviation (Chang et al., 2000), several studies have examined herding activities internationally (e.g. Christie & Huang, 1995; Chang et al., 2000; Caparrelli et ...
... On the basis of the statistical measures, the cross-sectional standard deviation (Christie & Huang, 1995) and the cross-sectional absolute deviation (Chang et al., 2000), several studies have examined herding activities internationally (e.g. Christie & Huang, 1995; Chang et al., 2000; Caparrelli et ...
A Modern, Behavior-Aware Approach to Asset Allocation and
... behavior in long-term investment results. Despite his foundational research in MPT, even Dr. Markowitz has admitted to forgoing its application within his own personal investments for behavioral reasons. “Instead, I visualized my grief if the stock market went up and I wasn’t in it – or if it went w ...
... behavior in long-term investment results. Despite his foundational research in MPT, even Dr. Markowitz has admitted to forgoing its application within his own personal investments for behavioral reasons. “Instead, I visualized my grief if the stock market went up and I wasn’t in it – or if it went w ...
Do Chinese Investors Get What They Don`t Pay For? Expense
... Even though many studies mentioned that the funds' performance should be a factor in the determination of the expense ratio, most studies only regarded this idea as a policy suggestion. Just a few empirical analysis on how the fund performance is related to the fund's expense ratio and they don't c ...
... Even though many studies mentioned that the funds' performance should be a factor in the determination of the expense ratio, most studies only regarded this idea as a policy suggestion. Just a few empirical analysis on how the fund performance is related to the fund's expense ratio and they don't c ...
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... results cannot necessarily be generalized to lenders. Lenders typically have access to more information about the company than do equity investors and this greater amount of information might mitigate poor internal controls. Additionally, lenders generally have a shorter-term perspective than invest ...
... results cannot necessarily be generalized to lenders. Lenders typically have access to more information about the company than do equity investors and this greater amount of information might mitigate poor internal controls. Additionally, lenders generally have a shorter-term perspective than invest ...
Slide 0 - Unicaja
... Prospectus, and any amendments or supplements thereto, to be published, if any, by Unicaja Banco, and not this document, before taking any investment decision. Once approved by the relevant regulatory authority, the Prospectus will be made available to investors at, among others, Unicaja Banco’s reg ...
... Prospectus, and any amendments or supplements thereto, to be published, if any, by Unicaja Banco, and not this document, before taking any investment decision. Once approved by the relevant regulatory authority, the Prospectus will be made available to investors at, among others, Unicaja Banco’s reg ...
Value Creation in Private Equity
... operational improvements were more important in driving value at private equity portfolio companies than at their listed counterparts. Increased exit activity over the past two years expanded the Capital Dynamics proprietary deal database with additional data reported for exits from investments made ...
... operational improvements were more important in driving value at private equity portfolio companies than at their listed counterparts. Increased exit activity over the past two years expanded the Capital Dynamics proprietary deal database with additional data reported for exits from investments made ...
... they are mostly Turkish lira-denominated, increase the resilience of the economy against potential shocks. The banking sector, which constitutes the majority of the Turkish financial sector, suggests that the ratio of non-performing loans declined in the aftermath of the crisis, thanks to the econom ...
EGESIF_15-0021-00 GN on CPR42 Managememt costs and fees
... should be understood as an aggregate value over the whole eligibility period and not on an annual basis. The CDR sets out different thresholds for management costs and fees in function of the implementation options (with our without a fund of funds) and type of instrument: loans, guarantees, equity, ...
... should be understood as an aggregate value over the whole eligibility period and not on an annual basis. The CDR sets out different thresholds for management costs and fees in function of the implementation options (with our without a fund of funds) and type of instrument: loans, guarantees, equity, ...