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Agent Based-Stock Flow Consistent Macroeconomics: Towards a
... Gertler (1989) and Kiyotaki and Moore (1997). Formally, financial frictions emerge when trade in certain assets cannot take place because markets are incomplete. This may happen because there is no market at all for certain state-contingent assets, or because parties are not willing to engage in cert ...
... Gertler (1989) and Kiyotaki and Moore (1997). Formally, financial frictions emerge when trade in certain assets cannot take place because markets are incomplete. This may happen because there is no market at all for certain state-contingent assets, or because parties are not willing to engage in cert ...
Good Practices on Reducing Reliance on CRAs in Asset
... Credit rating agencies (CRAs) play a prominent role in the global financial markets. CRAs provide external credit ratings of individual financial instruments and issuers that express a view on the instrument or entity’s overall creditworthiness (hereafter “credit ratings”) 1. The role of CRAs has co ...
... Credit rating agencies (CRAs) play a prominent role in the global financial markets. CRAs provide external credit ratings of individual financial instruments and issuers that express a view on the instrument or entity’s overall creditworthiness (hereafter “credit ratings”) 1. The role of CRAs has co ...
Microsoft Word - Bab2_15Jul10
... or having competitive advantage from investor with minimum additional cost of Fund. The gross proceed (the money obtained from the investor) is usually used for expansion, working capital, or other financial leverage. 2. Second, Capital Market is tools for community, financial institution, Pension F ...
... or having competitive advantage from investor with minimum additional cost of Fund. The gross proceed (the money obtained from the investor) is usually used for expansion, working capital, or other financial leverage. 2. Second, Capital Market is tools for community, financial institution, Pension F ...
RBC Dain Rauscher Inc
... Securities Borrowed and Securities Loaned—Securities borrowed and securities loaned are recorded at the amount of cash collateral advanced or received in connection with the transaction. The Company or its counterparties may terminate these transactions on short notice. Securities borrowed transacti ...
... Securities Borrowed and Securities Loaned—Securities borrowed and securities loaned are recorded at the amount of cash collateral advanced or received in connection with the transaction. The Company or its counterparties may terminate these transactions on short notice. Securities borrowed transacti ...
Enhancing Access to Finance for Micro and Small Enterprises in Egypt
... Many governments of developing countries perceive micro, small, and medium enterprises as engines of employment, poverty alleviation, and broad-based economic growth. Growth and development of micro and small enterprises in developing countries can increase poor people’s opportunities, security, and ...
... Many governments of developing countries perceive micro, small, and medium enterprises as engines of employment, poverty alleviation, and broad-based economic growth. Growth and development of micro and small enterprises in developing countries can increase poor people’s opportunities, security, and ...
Assessing bank competition for consumer loans
... be relatively simple to compute if the requisite cost accounting data were collected at the branch (or bank) level. ...
... be relatively simple to compute if the requisite cost accounting data were collected at the branch (or bank) level. ...
The Hedge Fund Edge
... owned by the general partner or its affiliates are excluded from the denominator. In a fund with multiple share classes, the calculation must be made on a class-by-class basis and if any class deemed to be a “plan asset” holds more than 25% of the total fund’s assets under management, the fund becom ...
... owned by the general partner or its affiliates are excluded from the denominator. In a fund with multiple share classes, the calculation must be made on a class-by-class basis and if any class deemed to be a “plan asset” holds more than 25% of the total fund’s assets under management, the fund becom ...
MLAR definitions - Bank of England
... Kingdom. Primarily it covers secured lending to corporate bodies (including to housing associations), but it also includes lending to individuals which, although being secured on land and buildings, is not deemed to be residential (e.g. the residential element is less than 40%). A corporate body for ...
... Kingdom. Primarily it covers secured lending to corporate bodies (including to housing associations), but it also includes lending to individuals which, although being secured on land and buildings, is not deemed to be residential (e.g. the residential element is less than 40%). A corporate body for ...
Document
... a. finance companies b. securities firms c. credit unions d. pension funds e. insurance companies © 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or ot ...
... a. finance companies b. securities firms c. credit unions d. pension funds e. insurance companies © 2010 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or ot ...
The Economics of Primary Markets
... company. For example, over the past decade or so, the amount of information in an IPO offering document has ballooned. Figure 1 from Loughran and McDonald (2013) show a steady increase in the number of words in the offering documents of an IPO. For example, the 1980 prospectus of Apple Computer was ...
... company. For example, over the past decade or so, the amount of information in an IPO offering document has ballooned. Figure 1 from Loughran and McDonald (2013) show a steady increase in the number of words in the offering documents of an IPO. For example, the 1980 prospectus of Apple Computer was ...
Download817 KB - Long
... In order to meet this challenge, the Caisse des Dépôts has taken the initiative of launching a major national study by all those involved in the French economy and concerned about the long term – banks, insurance companies, businesses, trade federations, etc. – at a National Conference on LongTerm F ...
... In order to meet this challenge, the Caisse des Dépôts has taken the initiative of launching a major national study by all those involved in the French economy and concerned about the long term – banks, insurance companies, businesses, trade federations, etc. – at a National Conference on LongTerm F ...
Securitisation-Markets
... that economic woes in a particular region will cause a disproportionate number of the securities in a particular pool to go into default. The interest rates on the individual loans in a fixed rate mortgage pool may vary within a range of 2.5 percentage points. Based on these individual interest rate ...
... that economic woes in a particular region will cause a disproportionate number of the securities in a particular pool to go into default. The interest rates on the individual loans in a fixed rate mortgage pool may vary within a range of 2.5 percentage points. Based on these individual interest rate ...
Private Equity Fund Fees
... Break-up fees are paid to a fund when a target company of a buyout fund wishes to terminate the purchase agreement with the buyout fund because it desires to accept a higher purchase price from another party. Directors Fees Directors fees are paid by portfolio companies to their directors, including ...
... Break-up fees are paid to a fund when a target company of a buyout fund wishes to terminate the purchase agreement with the buyout fund because it desires to accept a higher purchase price from another party. Directors Fees Directors fees are paid by portfolio companies to their directors, including ...
Negotiated Shareholder Value: the German Variant of an Anglo
... such as mutual funds, pension funds and insurance companies, who are generally reluctant to hold ownership stakes of more than one or two percent, and who, in principle, do not wish to be represented on company boards. Other stakeholders such as employees generally do not enjoy voice in the company ...
... such as mutual funds, pension funds and insurance companies, who are generally reluctant to hold ownership stakes of more than one or two percent, and who, in principle, do not wish to be represented on company boards. Other stakeholders such as employees generally do not enjoy voice in the company ...
The Structural Changes of the Hedge Fund Industry Over Time
... attracted to hedge funds because of the freedom with which they can invest and the alpha they are able to achieve. The amount of assets under management vary from fund to fund. Many studies (Teo 2009; Hedges 2003) find evidence indicating small funds tend to outperform large hedge funds, so there is ...
... attracted to hedge funds because of the freedom with which they can invest and the alpha they are able to achieve. The amount of assets under management vary from fund to fund. Many studies (Teo 2009; Hedges 2003) find evidence indicating small funds tend to outperform large hedge funds, so there is ...
Bank leverage and monetary policy`s risk-taking - ECB
... typical new loan, a one-standard deviation decrease in interest rates is associated with an increase in loan risk ratings of 0.11 (compared to its standard deviation of 0.8). Moreover, the effect depends on the degree of bank capitalization: the effect of interest rates on bank risk taking is less ...
... typical new loan, a one-standard deviation decrease in interest rates is associated with an increase in loan risk ratings of 0.11 (compared to its standard deviation of 0.8). Moreover, the effect depends on the degree of bank capitalization: the effect of interest rates on bank risk taking is less ...
Capital raising in Australia
... Australia weathered the global financial storms relatively well, despite the reduction in financial wealth felt by many investors, particularly those exposed to a small number of high profile corporate collapses. A number of factors contributed to this outcome – strong macroeconomic fundamentals goi ...
... Australia weathered the global financial storms relatively well, despite the reduction in financial wealth felt by many investors, particularly those exposed to a small number of high profile corporate collapses. A number of factors contributed to this outcome – strong macroeconomic fundamentals goi ...
Growing NPAs in banks
... in India. They are the best indicator of the health of the banking industry. Public sector banks have displayed excellent performance and have beaten the performance of private sector banks in financial operations. However, the only problem of these banks is the increasing level of nonperforming ass ...
... in India. They are the best indicator of the health of the banking industry. Public sector banks have displayed excellent performance and have beaten the performance of private sector banks in financial operations. However, the only problem of these banks is the increasing level of nonperforming ass ...
Leverage, Default, and Forgiveness: Lessons from the American
... When lenders are afraid of default they often ask for collateral to secure their loans. How much collateral they require is a crucial variable in the economy called the collateral rate or leverage. Lenders also worry about the credit worthiness of the borrowers, which in the case of households is of ...
... When lenders are afraid of default they often ask for collateral to secure their loans. How much collateral they require is a crucial variable in the economy called the collateral rate or leverage. Lenders also worry about the credit worthiness of the borrowers, which in the case of households is of ...
Intelligence in Securities Finance: Where Is It Going?
... desk will be sitting with all the requirements and all the needs, and they are going to be able to match businesses up that never talked to each other before because both parties get a better deal,” he explained. This approach is not without its major complications, particularly when it comes to the ...
... desk will be sitting with all the requirements and all the needs, and they are going to be able to match businesses up that never talked to each other before because both parties get a better deal,” he explained. This approach is not without its major complications, particularly when it comes to the ...
The Tragedy of the Mortgage Commons
... A sub-prime mortgage, one that is given to persons with little credit history or with less than perfect credit, is not necessarily bad. It can permit those who had been closed out of the housing finance system to enter it, although at a higher cost. The issue in many cases, was not just about who re ...
... A sub-prime mortgage, one that is given to persons with little credit history or with less than perfect credit, is not necessarily bad. It can permit those who had been closed out of the housing finance system to enter it, although at a higher cost. The issue in many cases, was not just about who re ...
financial markets group
... of euro area listed companies is now above 100 per cent of GDP, up from just 30 per cent in 1995. This figure is affected by stock price changes, but a doubling in the number of listed companies since 1995 confirms an increased use of equity market finance. As for the bond markets, the annual growth ...
... of euro area listed companies is now above 100 per cent of GDP, up from just 30 per cent in 1995. This figure is affected by stock price changes, but a doubling in the number of listed companies since 1995 confirms an increased use of equity market finance. As for the bond markets, the annual growth ...
Do Firms` Intrinsically Determined Enterprise Values Corroborate
... examine the accuracy of the P/E valuation method when comparable firms are selected on the basis of industry, risk, and earnings growth. The study points out that accuracy occurs when the portfolio is constrcuted using earnings growth and risk parameters of comparable firms. Moreover, the study does ...
... examine the accuracy of the P/E valuation method when comparable firms are selected on the basis of industry, risk, and earnings growth. The study points out that accuracy occurs when the portfolio is constrcuted using earnings growth and risk parameters of comparable firms. Moreover, the study does ...
Investors Guide To CMOs
... additional “full faith and credit” U.S. government guarantee, the credit markets consider the credit on these securities to be equivalent to that of securities rated triple-A or better. Some private institutions, such as subsidiaries of investment banks, financial institutions, and home builders, al ...
... additional “full faith and credit” U.S. government guarantee, the credit markets consider the credit on these securities to be equivalent to that of securities rated triple-A or better. Some private institutions, such as subsidiaries of investment banks, financial institutions, and home builders, al ...