Irrational Exuberance
... T2-T3: Financial Economics perspective - Market failure Moral hazard occurs when there is asymmetric information between two parties and change in behavior of one party after a deal is struck. i.e.: one party takes more risks for his own best interests as another party will bear the consequence o ...
... T2-T3: Financial Economics perspective - Market failure Moral hazard occurs when there is asymmetric information between two parties and change in behavior of one party after a deal is struck. i.e.: one party takes more risks for his own best interests as another party will bear the consequence o ...
Target Date Funds Can Help Investors Diversify
... To achieve its objective, a target date fund moves along a glide path that adjusts its portfolio over time, away from an asset allocation that may be considered riskier to one that is intended to be more conservative. In fact, the fund continues along its glide path after the target date – in many c ...
... To achieve its objective, a target date fund moves along a glide path that adjusts its portfolio over time, away from an asset allocation that may be considered riskier to one that is intended to be more conservative. In fact, the fund continues along its glide path after the target date – in many c ...
Changing patterns of financial intermediation
... As a consequence of the significant economic and financial crisis suffered in 20012002, Argentina has experienced a particular path with respect to patterns of financial intermediation. Following the abandonment of the Convertibility Plan in December 2001, it suffered a huge financial and economic c ...
... As a consequence of the significant economic and financial crisis suffered in 20012002, Argentina has experienced a particular path with respect to patterns of financial intermediation. Following the abandonment of the Convertibility Plan in December 2001, it suffered a huge financial and economic c ...
Tactical ETF Market Growth Strategy
... Commodity investments and derivatives may be more volatile and less liquid than direct investments in the underlying commodities themselves. Commodity-related equity returns can also be affected by the issuer's financial structure or the performance of unrelated businesses. The use of futures contra ...
... Commodity investments and derivatives may be more volatile and less liquid than direct investments in the underlying commodities themselves. Commodity-related equity returns can also be affected by the issuer's financial structure or the performance of unrelated businesses. The use of futures contra ...
UNIVERSITY OF NORTH FLORIDA
... and the DJIA successfully rallied above and held the all important 12,000 level. It is hard to quantify what effect psychological resistance had on the market, except to state that once broken it became a strong level of support for the overall market. In addition to the obvious technical factors th ...
... and the DJIA successfully rallied above and held the all important 12,000 level. It is hard to quantify what effect psychological resistance had on the market, except to state that once broken it became a strong level of support for the overall market. In addition to the obvious technical factors th ...
Mr. Muhammad Farid Alam
... Setting Cut-Off Price – The cut-off price is arrived at by the method of Dutch auction. In a Dutch auction the bids are being placed at various prices and and the strike price is set as the price at which the required quantity (in this example 44mn shares) is achieved. For example, At PKR13/share in ...
... Setting Cut-Off Price – The cut-off price is arrived at by the method of Dutch auction. In a Dutch auction the bids are being placed at various prices and and the strike price is set as the price at which the required quantity (in this example 44mn shares) is achieved. For example, At PKR13/share in ...
Mutual fund flows: an analysis of the main macroeconomic factors
... Cashman et al. (2012) analyzed US funds between April 1997 and December 2007, observing net flow, inflow and outflow separately. These authors stress that, in contrast to other studies, the period they selected encompasses bull markets (with higher inflows) as well as bear markets (with more redempt ...
... Cashman et al. (2012) analyzed US funds between April 1997 and December 2007, observing net flow, inflow and outflow separately. These authors stress that, in contrast to other studies, the period they selected encompasses bull markets (with higher inflows) as well as bear markets (with more redempt ...
A Brief Guide to Financial Derivatives and Hedge Funds
... A “financial derivative” (or, briefly, a derivative) is a contractual relationship established by two (or more) parties where payment is based on or "derived" from some agreed-upon benchmark. Since individuals can "create" a derivative product by means of an agreement, the types of derivative pr ...
... A “financial derivative” (or, briefly, a derivative) is a contractual relationship established by two (or more) parties where payment is based on or "derived" from some agreed-upon benchmark. Since individuals can "create" a derivative product by means of an agreement, the types of derivative pr ...
Glossary
... Restructured credit ratio not included in credit at risk2 Ratio between restructured loans and advances to customers not included in loans and advances to customers at risk and total loans and advances to customers. ...
... Restructured credit ratio not included in credit at risk2 Ratio between restructured loans and advances to customers not included in loans and advances to customers at risk and total loans and advances to customers. ...
challenges smes face in acquiring loans from banks
... and political infrastructure of developed and developing countries. The ability of SMEs to develop, grow, sustain and strengthen themselves is heavily dependent on their capacity to access and manage finance. The ability to access finance is a major factor affecting the growth and success of SMEs. M ...
... and political infrastructure of developed and developing countries. The ability of SMEs to develop, grow, sustain and strengthen themselves is heavily dependent on their capacity to access and manage finance. The ability to access finance is a major factor affecting the growth and success of SMEs. M ...
The Impact of Consumer Credit Counseling on Distressed Mortgage
... Most competitors in the “distressed servicing” space of the mortgage industry either sub‐ service distressed loans serviced by other lenders or service loans owned by investors that have acquired portfolios of distressed loans, e.g., equity funds, hedge funds, etc. Typically, such co ...
... Most competitors in the “distressed servicing” space of the mortgage industry either sub‐ service distressed loans serviced by other lenders or service loans owned by investors that have acquired portfolios of distressed loans, e.g., equity funds, hedge funds, etc. Typically, such co ...
Losing sight of the forest for the trees?
... Losing Sight of the Forest for the Trees? Institutional and information economics: measurement and transaction costs Perhaps the most studied set of determinants of vertical scope comes from institutional economics, especially TCE. TCE posits that the greater the hazards of market exchange, the gre ...
... Losing Sight of the Forest for the Trees? Institutional and information economics: measurement and transaction costs Perhaps the most studied set of determinants of vertical scope comes from institutional economics, especially TCE. TCE posits that the greater the hazards of market exchange, the gre ...
Stressed, Not Frozen: The Federal Funds Market in the Financial Crisis
... forced to turn to the discount window. Our results further corroborate the interpretation that lenders in the fed funds market were able to screen out the worst performing borrowers. Our results are different from the findings of Furfine’s (2002) study of the U.S. interbank market around the Russia ...
... forced to turn to the discount window. Our results further corroborate the interpretation that lenders in the fed funds market were able to screen out the worst performing borrowers. Our results are different from the findings of Furfine’s (2002) study of the U.S. interbank market around the Russia ...
Systemic Risk and the Financial System
... that sparked the original run—excessive loan exposure to real estate or the oil industry, for example—is perceived to potentially affect other banks, or as the result of concerns about significant interbank exposures (that is, runs at banks seen as having large exposures to the bank subject to the o ...
... that sparked the original run—excessive loan exposure to real estate or the oil industry, for example—is perceived to potentially affect other banks, or as the result of concerns about significant interbank exposures (that is, runs at banks seen as having large exposures to the bank subject to the o ...
Chapter 10
... Anything that shifts either the supply of loanable funds curve or the demand for loanable funds curve changes the interest rate. Historically, major changes in interest rates have been driven by many factors, including: ...
... Anything that shifts either the supply of loanable funds curve or the demand for loanable funds curve changes the interest rate. Historically, major changes in interest rates have been driven by many factors, including: ...
German Mittelstand-Bonds. A role model for Poland?
... Since 2010 German Mittelstand has got the opportunity to issue bonds on specific segments of stock exchanges. The study has analysed the M-Bond market and compared it to Poland’s main corporate bond market, named ‘Catalyst’. The comparison showed that both markets show characteristics attributed to ...
... Since 2010 German Mittelstand has got the opportunity to issue bonds on specific segments of stock exchanges. The study has analysed the M-Bond market and compared it to Poland’s main corporate bond market, named ‘Catalyst’. The comparison showed that both markets show characteristics attributed to ...
Common clauses and stipulations in loan agreements
... wording of each particular clause before concluding a contract. In addition, the clauses may lead to different legal consequences under each underlying jurisdiction. The cross-collateral clause. Under a cross-collateral clause, the lender is entitled to seize any or all collaterals provided for diff ...
... wording of each particular clause before concluding a contract. In addition, the clauses may lead to different legal consequences under each underlying jurisdiction. The cross-collateral clause. Under a cross-collateral clause, the lender is entitled to seize any or all collaterals provided for diff ...
full PDF version
... and let it dry properly, insert a filmroll containing film into the right-hand small side box (viewed from the back). Pull out the film approximately 6-8 cm and insert the end into the other reel - a second, empty film roll. You can get these in any photolab. Turn the “key” on the empty cassette (se ...
... and let it dry properly, insert a filmroll containing film into the right-hand small side box (viewed from the back). Pull out the film approximately 6-8 cm and insert the end into the other reel - a second, empty film roll. You can get these in any photolab. Turn the “key” on the empty cassette (se ...
“How to reduce debt costs in Southern Africa” , Johannesburg, 25/26
... Publisher: Deutsche Securities (Pty) Ltd, 3 Exchange Square, 87 Maude Street, Sandton, 2196, South Africa. Author: As referred to on the front cover. All rights reserved. When quoting, please cite Deutsche Securities Research as the source The information and opinions in this report were prepared by ...
... Publisher: Deutsche Securities (Pty) Ltd, 3 Exchange Square, 87 Maude Street, Sandton, 2196, South Africa. Author: As referred to on the front cover. All rights reserved. When quoting, please cite Deutsche Securities Research as the source The information and opinions in this report were prepared by ...
Insecurities: How a Financial Innovation Led to the Great Recession
... supports the conclusion that the risk of a financial crisis grows with a higher credit to GDP ratio and that financial crises are credit booms gone wrong. Many of their conclusions about credit were reached qualitatively by other scholars but Schularick and Taylor’s work is able to show support the ...
... supports the conclusion that the risk of a financial crisis grows with a higher credit to GDP ratio and that financial crises are credit booms gone wrong. Many of their conclusions about credit were reached qualitatively by other scholars but Schularick and Taylor’s work is able to show support the ...
The Thinking of Subprime Lending Crisis
... citizens seldom do the full pay when they buy houses, but always do it by the method of mortgage loan. Also, as we know, unemployment and reemployment are very common in these societies. Everybody needs house or apartment, but how can the people who get an instable income or even do not have any inc ...
... citizens seldom do the full pay when they buy houses, but always do it by the method of mortgage loan. Also, as we know, unemployment and reemployment are very common in these societies. Everybody needs house or apartment, but how can the people who get an instable income or even do not have any inc ...
FIRST LINE OF PRESENTATON TITLE SECOND LINE IF NEEDED
... The latest project, signed in 2008, was a EUR 600 million A/B loan (EUR 450 million syndicated) to finance the implementation of 17 energy efficiency projects at Cherepovets steel plan, including the reduction of the company’s primary energy consumption ...
... The latest project, signed in 2008, was a EUR 600 million A/B loan (EUR 450 million syndicated) to finance the implementation of 17 energy efficiency projects at Cherepovets steel plan, including the reduction of the company’s primary energy consumption ...
PDF
... because the commercial and agricultural mortgage markets are small relative to the residential market. Also, a lack of disaggregate loan-level data exists. It is important to note that caution should be used when comparing commercial and agricultural mortgages to residential mortgages. Commercial mo ...
... because the commercial and agricultural mortgage markets are small relative to the residential market. Also, a lack of disaggregate loan-level data exists. It is important to note that caution should be used when comparing commercial and agricultural mortgages to residential mortgages. Commercial mo ...
Monetary transmission under competing corporate finance regimes
... a negative productivity shock coupled with deflation produces strong incentives for corporate default, which under real costs of financial distress triggers a debt-deflation spiral. The framework that most resembles ours is Bolton and Freixas (2006). In an OLG-type of model with game-theoretic chara ...
... a negative productivity shock coupled with deflation produces strong incentives for corporate default, which under real costs of financial distress triggers a debt-deflation spiral. The framework that most resembles ours is Bolton and Freixas (2006). In an OLG-type of model with game-theoretic chara ...