The Effect of Credit Risk on Stock Returns
... of risks: systematic risk and idiosyncratic risk. Idiosyncratic risk is firm- or industry-specific risk that is inherent in each investment. This kind of risk can be diversified away by holding many different stocks in several industries. Examples of idiosyncratic risk are a new competitor, a manage ...
... of risks: systematic risk and idiosyncratic risk. Idiosyncratic risk is firm- or industry-specific risk that is inherent in each investment. This kind of risk can be diversified away by holding many different stocks in several industries. Examples of idiosyncratic risk are a new competitor, a manage ...
Preferential Treatment of Derivative Contracts
... Moreover, Chapter 11 itself may not be the ideal forum for resolving cases involving a large debtor, in which the outcome will have a significant impact on the entire economy. Evidence of this can be found in the U.S. Treasury’s recent involvement in the Chrysler21 and General Motors22 cases. Becaus ...
... Moreover, Chapter 11 itself may not be the ideal forum for resolving cases involving a large debtor, in which the outcome will have a significant impact on the entire economy. Evidence of this can be found in the U.S. Treasury’s recent involvement in the Chrysler21 and General Motors22 cases. Becaus ...
Comparing patterns of default among prime and subprime mortgages
... and include loans that are privately securitized, loans that are sold to the GSEs, and loans that banks hold on their balance sheets. Based on a comparison of the LPS and Home Mortgage Disclosure Act (HMDA) data, we estimate that the LPS data cover about 60 percent of the prime market each year from ...
... and include loans that are privately securitized, loans that are sold to the GSEs, and loans that banks hold on their balance sheets. Based on a comparison of the LPS and Home Mortgage Disclosure Act (HMDA) data, we estimate that the LPS data cover about 60 percent of the prime market each year from ...
Quantifying the Value of Implicit Government Guarantees for Large
... investors rather than equity investors, we expect that such support affects credit spreads much more than it affects equity prices. Therefore, we look at price implications along two dimensions: comparing large financial institutions against small financial institutions and comparing Credit Default ...
... investors rather than equity investors, we expect that such support affects credit spreads much more than it affects equity prices. Therefore, we look at price implications along two dimensions: comparing large financial institutions against small financial institutions and comparing Credit Default ...
Can the CFTC and SEC Work Together to Prevent Another Madoff?
... The CFTC ensures the open and efficient operation of the futures exchange markets.16 It is also responsible for protecting investors and the public from fraud, manipulation and abusive trading practices related to the sale of commodity and financial futures and options.17 The CFTC is the government ...
... The CFTC ensures the open and efficient operation of the futures exchange markets.16 It is also responsible for protecting investors and the public from fraud, manipulation and abusive trading practices related to the sale of commodity and financial futures and options.17 The CFTC is the government ...
Fourth Quarter and Full Year 2015
... strategies that have the potential to capitalize on trends in foreign exchange rates, interest rates and cross‐border relative value trades. We also expect to increase allocations to trading oriented managers that may be able to capitalize on market volatility and reduce our allocation to activist ...
... strategies that have the potential to capitalize on trends in foreign exchange rates, interest rates and cross‐border relative value trades. We also expect to increase allocations to trading oriented managers that may be able to capitalize on market volatility and reduce our allocation to activist ...
Chapter 9
... loans have been paid off, but can use income of the real estate investment they own. Typical term is no more than 20 years and could be for borrower’s lifetime as an annuity. Homeowners’ equity declines by amount borrowed. Copyright© 2006 John Wiley & Sons, Inc. ...
... loans have been paid off, but can use income of the real estate investment they own. Typical term is no more than 20 years and could be for borrower’s lifetime as an annuity. Homeowners’ equity declines by amount borrowed. Copyright© 2006 John Wiley & Sons, Inc. ...
FIN507 Bank Management Solutions to Recommended Problems
... Republic of China, possibly filing the necessary documents with the government in Beijing to establish future physical and electronic service facilities. What advantages might such a move bring to the management and shareholders of First Security? What potential drawbacks should be considered by the ...
... Republic of China, possibly filing the necessary documents with the government in Beijing to establish future physical and electronic service facilities. What advantages might such a move bring to the management and shareholders of First Security? What potential drawbacks should be considered by the ...
2nd DFD_Beikos - Institutional capacity and cooperation
... (EFSE - www.efse.lu) that provides sustainable financing to micro and small enterprises and to the Green for Growth Fund South East Europe (for RE and EE - www.ggf.lu) ...
... (EFSE - www.efse.lu) that provides sustainable financing to micro and small enterprises and to the Green for Growth Fund South East Europe (for RE and EE - www.ggf.lu) ...
Tab 1.1 - University of Maine System
... We focus on identifying undervalued sectors within defined allocation guidelines ...
... We focus on identifying undervalued sectors within defined allocation guidelines ...
THE (TRUE) COST OF INVESTING
... maintenance, commissions and sales charges—choosing an investment based solely on its expense ratio can prove just as costly as ignoring the impact of fees altogether. For example, a relatively low-cost fund with a high standard deviation (indicating that a fund’s historical returns have deviated si ...
... maintenance, commissions and sales charges—choosing an investment based solely on its expense ratio can prove just as costly as ignoring the impact of fees altogether. For example, a relatively low-cost fund with a high standard deviation (indicating that a fund’s historical returns have deviated si ...
Factor markets in England before the Black Death
... from the process of commercialisation. All three could certainly be bought and sold in pre-Black Death England and probably had been since at least the advent of the first explicit evidence in the second half of the twelfth century. More at issue are the ease and regularity with which they were tran ...
... from the process of commercialisation. All three could certainly be bought and sold in pre-Black Death England and probably had been since at least the advent of the first explicit evidence in the second half of the twelfth century. More at issue are the ease and regularity with which they were tran ...
1Q14 - Investors
... general economic, market or business conditions; (v) business opportunities (or lack thereof) that may be presented to us and pursued; (vi) competitive forces, including the conduct of other property and casualty insurers and reinsurers; (vii) changes in domestic or foreign laws or regulations, or t ...
... general economic, market or business conditions; (v) business opportunities (or lack thereof) that may be presented to us and pursued; (vi) competitive forces, including the conduct of other property and casualty insurers and reinsurers; (vii) changes in domestic or foreign laws or regulations, or t ...
Gideon I: the FTC equity strategy
... FTC Gideon I was created in January 2006. This was the first UCITS compliant mutual fund with an FTC trading system. The original strategy combined two different trend-following systems which generated trading signals in a universe of over 1,000 equity mutual funds. This strategy, which can have bet ...
... FTC Gideon I was created in January 2006. This was the first UCITS compliant mutual fund with an FTC trading system. The original strategy combined two different trend-following systems which generated trading signals in a universe of over 1,000 equity mutual funds. This strategy, which can have bet ...
A Lost Art Is active management doomed?
... The level of underperformance in other asset classes can be even greater than in equities. In October 2009, for example, Reuters reported that many commodity tracker funds had significantly underperformed. The news agency said that while the Goldman Sachs Commodities Index had risen by nearly 45 per ...
... The level of underperformance in other asset classes can be even greater than in equities. In October 2009, for example, Reuters reported that many commodity tracker funds had significantly underperformed. The news agency said that while the Goldman Sachs Commodities Index had risen by nearly 45 per ...
Document
... Are start-up companies more likely to raise money through debt or equity? What about growth businesses? Keys: It’s unlikely that start-up companies will be able to get loans and finance themselves through debt. More established growth companies can finance themselves through debt. Listening: Ways of ...
... Are start-up companies more likely to raise money through debt or equity? What about growth businesses? Keys: It’s unlikely that start-up companies will be able to get loans and finance themselves through debt. More established growth companies can finance themselves through debt. Listening: Ways of ...
Chapter 18 "Saving Investment and the
... Summary • The U.S. financial system is made up of financial institutions such as the bond market, the stock market, banks, and mutual funds. • All these institutions act to direct the resources of households who want to save some of their income into the hands of households and firms who want to bo ...
... Summary • The U.S. financial system is made up of financial institutions such as the bond market, the stock market, banks, and mutual funds. • All these institutions act to direct the resources of households who want to save some of their income into the hands of households and firms who want to bo ...
Loanable Funds
... Summary • The U.S. financial system is made up of financial institutions such as the bond market, the stock market, banks, and mutual funds. • All these institutions act to direct the resources of households who want to save some of their income into the hands of households and firms who want to bo ...
... Summary • The U.S. financial system is made up of financial institutions such as the bond market, the stock market, banks, and mutual funds. • All these institutions act to direct the resources of households who want to save some of their income into the hands of households and firms who want to bo ...
Managing Risks and Designing Products for Agricultural
... to meet the crop-based, cash-flow cycles of small farmers—now that microfinance institutions have successfully expanded into rural areas with their ...
... to meet the crop-based, cash-flow cycles of small farmers—now that microfinance institutions have successfully expanded into rural areas with their ...
Personal Bankruptcy and Credit Market Competition
... products which generate a cross-subsidy from naı̈ve to sophisticated consumers. Our results thus suggest that, while the legal environment in which lenders and borrowers operate is obviously important, further research into the consumer lending industry is required to fully assess the welfare implic ...
... products which generate a cross-subsidy from naı̈ve to sophisticated consumers. Our results thus suggest that, while the legal environment in which lenders and borrowers operate is obviously important, further research into the consumer lending industry is required to fully assess the welfare implic ...
Active management can add big value in small
... (as defined by the rules of the Financial Conduct Authority). In connection with its management of client portfolios, Principal Global Investors (Europe) Limited may delegate management authority to affiliates who are not authorized and regulated by the FCA. In any such case, the client may not bene ...
... (as defined by the rules of the Financial Conduct Authority). In connection with its management of client portfolios, Principal Global Investors (Europe) Limited may delegate management authority to affiliates who are not authorized and regulated by the FCA. In any such case, the client may not bene ...
Joint Center for Housing Studies Harvard University
... During the early stages of the crisis, in 2007 and the first part of 2008, public policy was mostly concerned with impending rate resets on ARMs. As the crisis progressed, however, the spike in early payment defaults made clear that increasing numbers of homeowners could not afford their monthly mor ...
... During the early stages of the crisis, in 2007 and the first part of 2008, public policy was mostly concerned with impending rate resets on ARMs. As the crisis progressed, however, the spike in early payment defaults made clear that increasing numbers of homeowners could not afford their monthly mor ...
Central Asia and Azerbaijan: Regional Mortgage Market
... The main topics of the program: • Improvement of the legislation (due to list); • Create the favorable environment to attract investments; • Improving internal production of the construction materials; • improvement of social and economic situation; • Attract new construction technologies to the bui ...
... The main topics of the program: • Improvement of the legislation (due to list); • Create the favorable environment to attract investments; • Improving internal production of the construction materials; • improvement of social and economic situation; • Attract new construction technologies to the bui ...