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... that what is often not appreciated in debates about the economics of nuclear power is that the cost of equity, that is companies using their own money to pay for new plants, is generally higher than the cost of debt.The Doomsday Machine, Cohen and McKillop (Palgrave 2012) page 199 Another advantage ...
... that what is often not appreciated in debates about the economics of nuclear power is that the cost of equity, that is companies using their own money to pay for new plants, is generally higher than the cost of debt.The Doomsday Machine, Cohen and McKillop (Palgrave 2012) page 199 Another advantage ...
Frequently Asked Questions
... How much will my monthly payment be? Suppose you borrow $600,000 with one-third of the value as a first mortgage ($200,000) and two-thirds as a second mortgage ($400,000). The table below indicates the total monthly payment requirements at various interest rates. Market interest rates ...
... How much will my monthly payment be? Suppose you borrow $600,000 with one-third of the value as a first mortgage ($200,000) and two-thirds as a second mortgage ($400,000). The table below indicates the total monthly payment requirements at various interest rates. Market interest rates ...
Active or Passive
... funds in this study to reduce survivorship bias: the tendency for mutual funds to be excluded from a database because they no longer exist. Mutual funds with poor performance tend to be dropped by mutual fund companies, generally because of poor results or low asset accumulation. This phenomenon, wh ...
... funds in this study to reduce survivorship bias: the tendency for mutual funds to be excluded from a database because they no longer exist. Mutual funds with poor performance tend to be dropped by mutual fund companies, generally because of poor results or low asset accumulation. This phenomenon, wh ...
BMO US Dollar Money Market Fund (the “Fund”)
... distributions made by the Fund in the periods shown were used to purchase additional securities of the Fund and is based on the net asset value of the Fund. The performance information does not take into account sales, redemption, distribution or other optional charges that, if applicable, would hav ...
... distributions made by the Fund in the periods shown were used to purchase additional securities of the Fund and is based on the net asset value of the Fund. The performance information does not take into account sales, redemption, distribution or other optional charges that, if applicable, would hav ...
Payoff complementarities and financial fragility Evidence from
... strategic complementarities—the expectation that other investors will withdraw their money reduces the expected return from staying in the fund and increases the incentive for each individual investor to withdraw as well—and amplifies the damage to the fund. Detecting this mechanism in the data is a ...
... strategic complementarities—the expectation that other investors will withdraw their money reduces the expected return from staying in the fund and increases the incentive for each individual investor to withdraw as well—and amplifies the damage to the fund. Detecting this mechanism in the data is a ...
IOSR Journal of Business and Management (IOSR-JBM)
... long-term securities are sold and bought. Indeed, the capital market is known for raising of long-term capital, that is, to say that securities traded here have maturities exceeding at least one year. The market is regulated and controlled by the Securities and Exchange Commission (SEC), which is re ...
... long-term securities are sold and bought. Indeed, the capital market is known for raising of long-term capital, that is, to say that securities traded here have maturities exceeding at least one year. The market is regulated and controlled by the Securities and Exchange Commission (SEC), which is re ...
Macroeconomic Implications of Bank Capital Requirements ∗ Luisa Lambertini
... capital regulation regime, they find modest effects of capital regulation on output fluctuations. However in their model banks operate for just a period and they do not retain earnings which contributes to equity of the bank. Gertler and Karadi (2011) and Gertler and Kiyotaki (2010) develop a quanti ...
... capital regulation regime, they find modest effects of capital regulation on output fluctuations. However in their model banks operate for just a period and they do not retain earnings which contributes to equity of the bank. Gertler and Karadi (2011) and Gertler and Kiyotaki (2010) develop a quanti ...
WHAT YOU NEED TO KNOW ABOUT THE EU
... transactions are reported directly to the European Securities and Markets Authority (ESMA). A party subject to the Reporting Obligation may delegate the reporting of the details of the SFTs to its counterparty or a third party in the same way as under EMIR, though the delegating party will retain th ...
... transactions are reported directly to the European Securities and Markets Authority (ESMA). A party subject to the Reporting Obligation may delegate the reporting of the details of the SFTs to its counterparty or a third party in the same way as under EMIR, though the delegating party will retain th ...
SASB Press Kit: Best Hits of 2015
... care, extreme weather events can affect both business continuity and demand for health care services. Given that climate change impacts most industries, investors can’t divest away from climate risk. Instead, to reduce risk investors must first understand the type of risk, where it manifests in thei ...
... care, extreme weather events can affect both business continuity and demand for health care services. Given that climate change impacts most industries, investors can’t divest away from climate risk. Instead, to reduce risk investors must first understand the type of risk, where it manifests in thei ...
as PDF
... government-supported institutions with a specific focus of helping the lowincome. Unfortunately, these institutions are no longer fulfilling their missions, and high-cost, usurious, and sometimes predatory check cashers and payday lenders have quickly filled the void. These fringe banks do not provi ...
... government-supported institutions with a specific focus of helping the lowincome. Unfortunately, these institutions are no longer fulfilling their missions, and high-cost, usurious, and sometimes predatory check cashers and payday lenders have quickly filled the void. These fringe banks do not provi ...
Guide to Mortgage-Backed Securities
... Ginnie Mae’s most important activity has been its mortgage pass-through program, which was instituted in 1970. Under this program, Ginnie Mae guarantees the payments of principal and interest on pools of FHA-insured or VA-guaranteed mortgage loans. The enhanced availability of credit to homeowners w ...
... Ginnie Mae’s most important activity has been its mortgage pass-through program, which was instituted in 1970. Under this program, Ginnie Mae guarantees the payments of principal and interest on pools of FHA-insured or VA-guaranteed mortgage loans. The enhanced availability of credit to homeowners w ...
The impact of the Credit Crunch on the Sterling Corporate Bond
... invest proceeds, replace redeemed bonds, and pay out cash to the fund’s investors). While there is an element of speculative trading by these institutional investors, this does not represent their major investment objective. Generally bond markets remain as intermediated markets in contrast to equit ...
... invest proceeds, replace redeemed bonds, and pay out cash to the fund’s investors). While there is an element of speculative trading by these institutional investors, this does not represent their major investment objective. Generally bond markets remain as intermediated markets in contrast to equit ...
An Evaluation of Money Market Fund Reform Proposals
... of portfolio credit losses. The key input parameters are the probability that any given issuer defaults on short-term paper, the loss given default, the correlation in defaults across issuers, and the concentration of the MMF portfolio. For a well-diversified portfolio, we estimate that MMFs should ...
... of portfolio credit losses. The key input parameters are the probability that any given issuer defaults on short-term paper, the loss given default, the correlation in defaults across issuers, and the concentration of the MMF portfolio. For a well-diversified portfolio, we estimate that MMFs should ...
PPT_Mic9e_one_click_ch11
... process thus involves not only estimating future benefits but also comparing them with the possible alternative uses of the funds required to undertake the project. At a minimum, those funds could earn interest in financial markets. ...
... process thus involves not only estimating future benefits but also comparing them with the possible alternative uses of the funds required to undertake the project. At a minimum, those funds could earn interest in financial markets. ...
Corporate Finance
... Understanding Principles of Financial Valuation 1. Introduction to the Course. Why is Finance Corporate? The Foundations for Proper Financial Analysis of the Firm The advantages of corporate firm over the sole traders and partnerships. The life-cycle of the corporation at the capital market: funds r ...
... Understanding Principles of Financial Valuation 1. Introduction to the Course. Why is Finance Corporate? The Foundations for Proper Financial Analysis of the Firm The advantages of corporate firm over the sole traders and partnerships. The life-cycle of the corporation at the capital market: funds r ...
Mutual fund intermediation, equity issues, and the real
... higher leverage. Similarly, Sufi (2009) find that the introduction of syndicate loan ratings leads to an increase in firms’ subsequent asset growth, cash acquisitions, and investment. These results suggest that ratings agencies provide valuable certification to the bond market to reduce information ...
... higher leverage. Similarly, Sufi (2009) find that the introduction of syndicate loan ratings leads to an increase in firms’ subsequent asset growth, cash acquisitions, and investment. These results suggest that ratings agencies provide valuable certification to the bond market to reduce information ...
What if crowdfunding becomes the leading source of finance for
... to a study by crowdfunding research firm Massolution which was cited by the Economist. The number of crowdfunding platforms has experienced dramatic growth over the past decade. In Europe alone, I’ve observed the number of platforms growing from less than a dozen in 2009 to more than 10 times that ...
... to a study by crowdfunding research firm Massolution which was cited by the Economist. The number of crowdfunding platforms has experienced dramatic growth over the past decade. In Europe alone, I’ve observed the number of platforms growing from less than a dozen in 2009 to more than 10 times that ...
foreword - Port Phillip Publishing
... Politicians simply cannot help themselves…they spend excessively to buy votes. Witness what has happen in Australia since 2007. Eight years ago, Australia’s Federal Government was debt free. But true to form, our politicians have once again plunged us into the red. As at August 2015, Federal governm ...
... Politicians simply cannot help themselves…they spend excessively to buy votes. Witness what has happen in Australia since 2007. Eight years ago, Australia’s Federal Government was debt free. But true to form, our politicians have once again plunged us into the red. As at August 2015, Federal governm ...
This PDF is a selection from an out-of-print volume from... Research Volume Title: Measures of Credit Risk and Experience
... of keeping track of and bringing up to date a of credit difficulty, if they begin to appear in subLenders can protect themselves against these private costs through the interest rates they charge and the reserves they maintain (though of course they may not always do so). In the case of some trade c ...
... of keeping track of and bringing up to date a of credit difficulty, if they begin to appear in subLenders can protect themselves against these private costs through the interest rates they charge and the reserves they maintain (though of course they may not always do so). In the case of some trade c ...
Operating Endowment Fund - Second Presbyterian Church
... Cash will be considered to be part of the fixed income allocation. Bonds will be used by the investment manager as part of a fixed income strategy that seeks to maximize current income and limit volatility. (i) Issues shall meet investment grade criteria (not less than “A” by a major rating service) ...
... Cash will be considered to be part of the fixed income allocation. Bonds will be used by the investment manager as part of a fixed income strategy that seeks to maximize current income and limit volatility. (i) Issues shall meet investment grade criteria (not less than “A” by a major rating service) ...
Do Loan Commitments Cause Overlending?
... I propose in this paper that these two issues are connected and raise the following important question: if borrowers purchase bank loan commitments to (partially) insure themselves against future credit rationing, what implications does this have for bank lending behavior during economic upturns and ...
... I propose in this paper that these two issues are connected and raise the following important question: if borrowers purchase bank loan commitments to (partially) insure themselves against future credit rationing, what implications does this have for bank lending behavior during economic upturns and ...
The Case for shorT-MaTuriTy, higher QualiTy, high yield
... short-maturity, higher quality high yield bonds hinges on the ability of the issuers to pay off their shortmaturity debt when it comes due. During times of extreme market stress, such as that seen in 2008, even creditworthy companies can have temporary trouble accessing the markets to refinance thei ...
... short-maturity, higher quality high yield bonds hinges on the ability of the issuers to pay off their shortmaturity debt when it comes due. During times of extreme market stress, such as that seen in 2008, even creditworthy companies can have temporary trouble accessing the markets to refinance thei ...
a guide to mutual fund investing
... » Stock (or Equity) Funds – Typically have higher risks and volatility than money market and bond funds. However, over the long term, stocks have historically performed better than any other type of investment. “Market risk” is the greatest potential risk for investors in stock funds. Stock prices ...
... » Stock (or Equity) Funds – Typically have higher risks and volatility than money market and bond funds. However, over the long term, stocks have historically performed better than any other type of investment. “Market risk” is the greatest potential risk for investors in stock funds. Stock prices ...