Bear Stearns Takeover - Congregation for Reconciliation CfR Dayton
... acquire an equity interest in Bear Stearns or JPMorgan Chase.28 Yet the LLC controlled by the Fed acquired assets from Bear Stearns, and the profits or losses from that acquisition will ultimately accrue to the Fed. It is unclear why the Fed decided to create and lend to a LLC to complete the transa ...
... acquire an equity interest in Bear Stearns or JPMorgan Chase.28 Yet the LLC controlled by the Fed acquired assets from Bear Stearns, and the profits or losses from that acquisition will ultimately accrue to the Fed. It is unclear why the Fed decided to create and lend to a LLC to complete the transa ...
Financial Intermediation
... 5. More expensive future borrowing for borrowers who do not cooperate with lenders in resolution. 6. More liberal regulatory treatment of asset sales: ...
... 5. More expensive future borrowing for borrowers who do not cooperate with lenders in resolution. 6. More liberal regulatory treatment of asset sales: ...
Financing Growth in the WAEMU Through the Regional
... Kola bills and bonds are issued by non-WAEMU resident institutions such as the International Finance Corporation (IFC), and the French Development Agency (AFD). This segment of the market was launched in 2006 with the IFC’s first local currency bond issuance in Sub-Saharan Africa. ...
... Kola bills and bonds are issued by non-WAEMU resident institutions such as the International Finance Corporation (IFC), and the French Development Agency (AFD). This segment of the market was launched in 2006 with the IFC’s first local currency bond issuance in Sub-Saharan Africa. ...
IFC`s Poverty Focus - International Finance Corporation
... Bank in developing countries show that unavailability of collateral is not the barrier to obtain credit: rather, it is the inability to use certain assets to secure credit. A common trend among the firms is that credit applications are rejected mostly due to insufficient collateral, i.e. unacceptabl ...
... Bank in developing countries show that unavailability of collateral is not the barrier to obtain credit: rather, it is the inability to use certain assets to secure credit. A common trend among the firms is that credit applications are rejected mostly due to insufficient collateral, i.e. unacceptabl ...
The Handbook of Mortgage-Backed Securities, 7th Edition
... MBS heretofore considered “safe,” coupled with rating downgrades, created sudden and substantial uncertainty in markets. Some economists suggested that the lack of transparency in the primary ABS market, misaligned incentives among different parties in the securitization process, and the reliance on ...
... MBS heretofore considered “safe,” coupled with rating downgrades, created sudden and substantial uncertainty in markets. Some economists suggested that the lack of transparency in the primary ABS market, misaligned incentives among different parties in the securitization process, and the reliance on ...
RTF 49.1 KB - Productivity Commission
... developed economies. In these cases it can be seen that rising population alone will NOT lead to a rise in housing prices. In fact it may lead to a fall in housing prices as squatter’s houses and overcrowding by low income earners lead to a decline in the amenity of an area. The currently high house ...
... developed economies. In these cases it can be seen that rising population alone will NOT lead to a rise in housing prices. In fact it may lead to a fall in housing prices as squatter’s houses and overcrowding by low income earners lead to a decline in the amenity of an area. The currently high house ...
ALLAN GRAY BALANCED FUND
... South African banks provide an interesting case study on the merits of investing during periods of poor prevailing sentiment. Our clients recently had the opportunity to invest a substantial sum of money in Barclays Group Africa (BGA) when Barclays PLC – the UK-domiciled parent company – decided to ...
... South African banks provide an interesting case study on the merits of investing during periods of poor prevailing sentiment. Our clients recently had the opportunity to invest a substantial sum of money in Barclays Group Africa (BGA) when Barclays PLC – the UK-domiciled parent company – decided to ...
Announcement 09-02
... Fannie Mae is committed to providing financing opportunities for high-credit quality, bona fide investors. Experienced investors play a key role in the housing recovery and Fannie Mae’s continued support for investor borrowers is consistent with its mission to provide stability, liquidity, and affor ...
... Fannie Mae is committed to providing financing opportunities for high-credit quality, bona fide investors. Experienced investors play a key role in the housing recovery and Fannie Mae’s continued support for investor borrowers is consistent with its mission to provide stability, liquidity, and affor ...
Design of Financial Securities: Empirical Evidence from Private-label RMBS Deals
... by exploiting the passage of Anti-Predatory Lending (APL) laws across several states during our sample period. These laws put stricter requirements on the lenders in terms of their lending practices and disclosure policy which, on the margin, made it more difficult for the lenders to originate poor- ...
... by exploiting the passage of Anti-Predatory Lending (APL) laws across several states during our sample period. These laws put stricter requirements on the lenders in terms of their lending practices and disclosure policy which, on the margin, made it more difficult for the lenders to originate poor- ...
Michael S. Taht
... Key issue was that a stable set of cash flows was being exchanged for a more uncertain set of cash flows ...
... Key issue was that a stable set of cash flows was being exchanged for a more uncertain set of cash flows ...
Smart Investing in an Environment of Low Expected Returns
... curve very steep. Then at the back end we saw liability-matching pension funds that were paying a premium for long-duration bonds. Today, there may still be some of that return-insensitive central bank buying at the front end but much less so. Overall, I think the shape of the curve could have becom ...
... curve very steep. Then at the back end we saw liability-matching pension funds that were paying a premium for long-duration bonds. Today, there may still be some of that return-insensitive central bank buying at the front end but much less so. Overall, I think the shape of the curve could have becom ...
Financial Instruments
... These are bonds for which no maturity date is set. They are however accompanied by a call (early redemption). • Structured bonds Also called “Structured Notes”, these are bonds which run for a set period with, in most cases, protection of subscribed capital and they offer a potentially higher coupon ...
... These are bonds for which no maturity date is set. They are however accompanied by a call (early redemption). • Structured bonds Also called “Structured Notes”, these are bonds which run for a set period with, in most cases, protection of subscribed capital and they offer a potentially higher coupon ...
Market Know-How - Covenant Asset Management, LLC
... Economic and market forecasts presented herein reflect our judgment as of the date of this presentation and are subject to change without notice. These forecasts do not take into account the specific investment objectives, restrictions, tax and financial situation or other needs of any specific clie ...
... Economic and market forecasts presented herein reflect our judgment as of the date of this presentation and are subject to change without notice. These forecasts do not take into account the specific investment objectives, restrictions, tax and financial situation or other needs of any specific clie ...
Unlocking funding for European investment and growth
... emerged as a significant issue, and has been a key concern of policymakers. Given the financial pressure on banks, increased lending capacity to the SME sector may require further public support – either through increased capacity or increased risk appetite. In some cases, the public sector may have ...
... emerged as a significant issue, and has been a key concern of policymakers. Given the financial pressure on banks, increased lending capacity to the SME sector may require further public support – either through increased capacity or increased risk appetite. In some cases, the public sector may have ...
Countercyclical Foreign Currency Borrowing: Eurozone Firms
... it is significant even when we account for changes in the stance of US monetary policy. In a second step, we analyze the differences in the choice of currency between risky and safe borrowers during the credit crunch in relation to variations in the cost of funding in the euro interbank market (the ...
... it is significant even when we account for changes in the stance of US monetary policy. In a second step, we analyze the differences in the choice of currency between risky and safe borrowers during the credit crunch in relation to variations in the cost of funding in the euro interbank market (the ...
- the Other Canon
... activity; and the proprietary purchase and sale of financial assets to benefit from pricing differentials that occur at a point in time or over time.8 These two activity types are significant from a Schumpeterian perspective, since the form aims to increase total income and wealth, while the latter ...
... activity; and the proprietary purchase and sale of financial assets to benefit from pricing differentials that occur at a point in time or over time.8 These two activity types are significant from a Schumpeterian perspective, since the form aims to increase total income and wealth, while the latter ...
Response to HMT consultation on tax deductibility of
... If, for example, a fixed ratio were introduced, with no de minimis or group ratio exception, the impact on UK business, particularly in the private equity and venture capital arena, could be hugely significant in terms of both cost and compliance and an implementation date of 1 April 2017 would leav ...
... If, for example, a fixed ratio were introduced, with no de minimis or group ratio exception, the impact on UK business, particularly in the private equity and venture capital arena, could be hugely significant in terms of both cost and compliance and an implementation date of 1 April 2017 would leav ...
The past five years have seen market behaviour dominated by
... practical issues with traditional indices. In addition, there are a number of conceptual and empirical limitations often highlighted by academics, including: poor risk-adjusted returns versus alternative benchmarks, a lack of consideration of correlations between stocks and a tendency to overweight ...
... practical issues with traditional indices. In addition, there are a number of conceptual and empirical limitations often highlighted by academics, including: poor risk-adjusted returns versus alternative benchmarks, a lack of consideration of correlations between stocks and a tendency to overweight ...
Capturing the Benefits of Illiquidity
... As of December 2014. Benchmark/Source: 1Barclays Aggregate Bond Index/Bloomberg. 2MSCI World Index Hedged USD/Bloomberg. 3Dow Jones Credit Suisse Hedge Fund Index/Bloomberg. 4The equity-bond mix was selected to represent historical performance for each specified period of time and is weighted accord ...
... As of December 2014. Benchmark/Source: 1Barclays Aggregate Bond Index/Bloomberg. 2MSCI World Index Hedged USD/Bloomberg. 3Dow Jones Credit Suisse Hedge Fund Index/Bloomberg. 4The equity-bond mix was selected to represent historical performance for each specified period of time and is weighted accord ...
Investors adding to Auckland Housing Market risk
... housing supply include the promotion of less restrictive planning rules and streamlined planning processes. For example, reviewing and relaxing rules in district plans, clarifying the RMA to include land use for housing as a priority, and ongoing RMA reform to streamline plan development. The Bank a ...
... housing supply include the promotion of less restrictive planning rules and streamlined planning processes. For example, reviewing and relaxing rules in district plans, clarifying the RMA to include land use for housing as a priority, and ongoing RMA reform to streamline plan development. The Bank a ...
PDF Version - Federal Reserve Bank of Minneapolis
... The Federal Reserve makes the seasonal borrowing privilege available to all of its member banks that demonstrate a substantial seasonal dip in funds available for making loans. A seasonal dip in funds is defined as a decline in net fund availability — deposits minus loans — that recurs at about the ...
... The Federal Reserve makes the seasonal borrowing privilege available to all of its member banks that demonstrate a substantial seasonal dip in funds available for making loans. A seasonal dip in funds is defined as a decline in net fund availability — deposits minus loans — that recurs at about the ...