united states securities and exchange commission - corporate
... Jim Taiclet, American Tower’s Chief Executive Officer stated, “In 2016, we once again generated double digit growth in our property revenue, Adjusted EBITDA and Consolidated AFFO per Share. At the same time, we continued to expand our asset base through our active tower construction program and accr ...
... Jim Taiclet, American Tower’s Chief Executive Officer stated, “In 2016, we once again generated double digit growth in our property revenue, Adjusted EBITDA and Consolidated AFFO per Share. At the same time, we continued to expand our asset base through our active tower construction program and accr ...
Impact of oil price shocks on macro-economy
... increase in money demand. When monetary authorities fail to increase money supply to meet growing money demand, there would be a rise in interest rate and a retard in economic growth. 4. Inflation effect; where a rise in oil price generates inflation. When the observed inflation is caused by oil pri ...
... increase in money demand. When monetary authorities fail to increase money supply to meet growing money demand, there would be a rise in interest rate and a retard in economic growth. 4. Inflation effect; where a rise in oil price generates inflation. When the observed inflation is caused by oil pri ...
Does the inflation rate affect the performance of the stock market
... approximately 9% in 1998. In turn, the treasury bill rate is likely to reflect to some extent the inflation rate, in that investors demand maintaining their purchasing power. The experience of a high cost of capital suggests that inflationary effects may have had an impact on the performance of the ...
... approximately 9% in 1998. In turn, the treasury bill rate is likely to reflect to some extent the inflation rate, in that investors demand maintaining their purchasing power. The experience of a high cost of capital suggests that inflationary effects may have had an impact on the performance of the ...
THE DECISION-MAKER AND EXPORT ENTRY AND EXPANSION
... foreign countries encouraged U.S. firms to substitute subsidiary production for exporting. Initial foreign-marketexpansion choice is made between staying at home and going abroad, and choice is made between methods of going abroad. Daniels [1971] observed, however, that firms may not necessarily fol ...
... foreign countries encouraged U.S. firms to substitute subsidiary production for exporting. Initial foreign-marketexpansion choice is made between staying at home and going abroad, and choice is made between methods of going abroad. Daniels [1971] observed, however, that firms may not necessarily fol ...
2008 Outlook
... Securities, LLC and Wachovia Securities International Limited. The information and opinions herein are for general information use only. Wachovia does not guarantee their accuracy or completeness, nor does Wachovia assume any liability for any loss that may result from the reliance by any person upo ...
... Securities, LLC and Wachovia Securities International Limited. The information and opinions herein are for general information use only. Wachovia does not guarantee their accuracy or completeness, nor does Wachovia assume any liability for any loss that may result from the reliance by any person upo ...
"Capital Account Liberalization
... is used not only for outright legal prohibition, i.e. in cases when the law completely prohibits a certain transaction, but also when quantitative restrictions are imposed, and even in the cases when, for a given transaction, approval from an authority such as the central bank is required. At this p ...
... is used not only for outright legal prohibition, i.e. in cases when the law completely prohibits a certain transaction, but also when quantitative restrictions are imposed, and even in the cases when, for a given transaction, approval from an authority such as the central bank is required. At this p ...
Chapter 6
... Gross Exports • In the real world, there are substantial lags that occur between changes in the real exchange rate and changes in the level of gross exports – a change in the real exchange rate this year will have little or no effect on gross exports this year, but will have effects on gross export ...
... Gross Exports • In the real world, there are substantial lags that occur between changes in the real exchange rate and changes in the level of gross exports – a change in the real exchange rate this year will have little or no effect on gross exports this year, but will have effects on gross export ...
The Fiscal Multiplier in Small Open Economy
... Another important nding of this paper is that, in the SOE-DEFK model, consumption increases while the real exchange rate depreciates over the long run in response to a scal expansion. Such responses, contrary to the predictions by conventional theory, are more in line with the empirical evidence bas ...
... Another important nding of this paper is that, in the SOE-DEFK model, consumption increases while the real exchange rate depreciates over the long run in response to a scal expansion. Such responses, contrary to the predictions by conventional theory, are more in line with the empirical evidence bas ...
Political Accountability and the Room to Maneuver: A Search for a Causal Chain
... from 1981 to 1997. This case is well suited for this analysis since Britain has a high clarity of responsibility and a history of openness to trade and capital flows. Mosley (2000: 751) argues that British elections in the 1990s were meaningful contests between parties with contending views about ho ...
... from 1981 to 1997. This case is well suited for this analysis since Britain has a high clarity of responsibility and a history of openness to trade and capital flows. Mosley (2000: 751) argues that British elections in the 1990s were meaningful contests between parties with contending views about ho ...
Can Greece be saved? Current Account, fiscal imbalances and competitiveness
... and the current account depends on whether domestic households react in a Keynesian or a Ricardian fashion. In a Ricardian world, higher levels of public deficits and debts are, ceteris paribus, associated with higher domestic savings by households. In fact, the so-called Ricardian equivalence holds ...
... and the current account depends on whether domestic households react in a Keynesian or a Ricardian fashion. In a Ricardian world, higher levels of public deficits and debts are, ceteris paribus, associated with higher domestic savings by households. In fact, the so-called Ricardian equivalence holds ...
Seminar Paper No. 648 INTERNATIONAL EXPERIENCES WITH DIFFERENT MONETARY POLICY REGIMES by
... to be closely linked to those of the anchor country. The targeting country thus loses the ability to use monetary policy to respond to domestic shocks that are independent of those hitting the anchor country. Furthermore, an exchange-rate target means that shocks to the anchor country are directly t ...
... to be closely linked to those of the anchor country. The targeting country thus loses the ability to use monetary policy to respond to domestic shocks that are independent of those hitting the anchor country. Furthermore, an exchange-rate target means that shocks to the anchor country are directly t ...
RVI110Hernandez_en.pdf
... the production of that commodity. Thus, this shock fosters the expansion of consumption and output in other sectors. In addition, a higher level of wealth allows investors to access financial credit more easily. This credit is available due to the greater availability of foreign currency, which rela ...
... the production of that commodity. Thus, this shock fosters the expansion of consumption and output in other sectors. In addition, a higher level of wealth allows investors to access financial credit more easily. This credit is available due to the greater availability of foreign currency, which rela ...
IOSR Journal of Economics and Finance (IOSR-JEF) e-ISSN: 2321-5933, p-ISSN: 2321-5925.
... may threaten the macroeconomic stability and thus the stock market becomes more volatile. Therefore, consumer price index has been included in the study as a macroeconomic variable. In the trading economies, exchange rate has a great influence on the stock market behaviour. The present research has ...
... may threaten the macroeconomic stability and thus the stock market becomes more volatile. Therefore, consumer price index has been included in the study as a macroeconomic variable. In the trading economies, exchange rate has a great influence on the stock market behaviour. The present research has ...
Determinants of Relative Sectoral Prices
... patterns at the aggregate level. In particular, it does not take into account the substantial public spending on health and long-term care. According to OECD data, average health care spending of member states amounts to about ten percent of GDP in recent years, of which on average only 30 percent a ...
... patterns at the aggregate level. In particular, it does not take into account the substantial public spending on health and long-term care. According to OECD data, average health care spending of member states amounts to about ten percent of GDP in recent years, of which on average only 30 percent a ...
Javid-Aziz - Lahore School of Economics
... there are several sources of risk in the economy that cannot be eliminated by diversification. These sources of risk can be thought of as related to economy wide factors such as inflation and changes in aggregate output. Instead of calculating a single beta, like the CAPM, arbitrage pricing theory c ...
... there are several sources of risk in the economy that cannot be eliminated by diversification. These sources of risk can be thought of as related to economy wide factors such as inflation and changes in aggregate output. Instead of calculating a single beta, like the CAPM, arbitrage pricing theory c ...
RETHINKING DEVELOPMENT STRATEGIES AFTER THE
... Use of a dash (–) between dates representing years, e.g. 1988–1990, signifies the full period involved, including the initial and final years. An oblique stroke (/) between two years, e.g. 2000/01, signifies a fiscal or crop year. Decimals and percentages do not necessarily add up to totals because ...
... Use of a dash (–) between dates representing years, e.g. 1988–1990, signifies the full period involved, including the initial and final years. An oblique stroke (/) between two years, e.g. 2000/01, signifies a fiscal or crop year. Decimals and percentages do not necessarily add up to totals because ...
Euro Area Enlargement and Euro Adoption Strategies
... • Fixed: price level convergence translates into higher inflation → pushes real interest rates into negative territory → danger of credit boom → adds to inflation and current account deficit → increases debt. ...
... • Fixed: price level convergence translates into higher inflation → pushes real interest rates into negative territory → danger of credit boom → adds to inflation and current account deficit → increases debt. ...
Arbitrage Pricing Theory - Lahore School of Economics
... subperiod all of the factors become priced. This was an encouraging result that supported the theory that the equilibrium stock returns were generated by an economic factor model. Loflund (1992) found that international factors such as unanticipated changes in real exchange rates, inflation and unan ...
... subperiod all of the factors become priced. This was an encouraging result that supported the theory that the equilibrium stock returns were generated by an economic factor model. Loflund (1992) found that international factors such as unanticipated changes in real exchange rates, inflation and unan ...
S0900783_en.pdf
... The most damaging effects of international capital movements occur when, after a period of sustained and large capital inflows into an economy, there is a sudden reversal of such flows implying an interruption of external financing (sudden stop).3 While sudden outflows can affect all forms of foreig ...
... The most damaging effects of international capital movements occur when, after a period of sustained and large capital inflows into an economy, there is a sudden reversal of such flows implying an interruption of external financing (sudden stop).3 While sudden outflows can affect all forms of foreig ...
Real Exchange Rates and Competitiveness: The Political Economy
... higher real exchange rates, or price levels, than others? The law of one price implies convergence in an open international economy (Rogoff 1996), and the puzzle is considered one of the most important in international economics (Obstfeld and Rogoff 2000). Despite literally hundreds of papers it rem ...
... higher real exchange rates, or price levels, than others? The law of one price implies convergence in an open international economy (Rogoff 1996), and the puzzle is considered one of the most important in international economics (Obstfeld and Rogoff 2000). Despite literally hundreds of papers it rem ...
DP2005/03 A happy “halfway-house”? Medium term inflation targeting in New Zealand
... of New Zealand and the government asks the Reserve Bank to target inflation “over the medium term”rather than over an annual target. This medium term objective shifts inflation targeting towards a “half-way house” between inflation targeting and price level targeting. Extending the inflation averagi ...
... of New Zealand and the government asks the Reserve Bank to target inflation “over the medium term”rather than over an annual target. This medium term objective shifts inflation targeting towards a “half-way house” between inflation targeting and price level targeting. Extending the inflation averagi ...
Post keynesian monetary theory and its implications
... contrast to the exogenous view held by monetarists, it is pertinent to examine how the money supply process takes place in the endogenous money view. This is taken up in Chapter 3. Underlying the Post Keynesian view is the notion introduced by Keynes that investment activity, funded by bank credit, ...
... contrast to the exogenous view held by monetarists, it is pertinent to examine how the money supply process takes place in the endogenous money view. This is taken up in Chapter 3. Underlying the Post Keynesian view is the notion introduced by Keynes that investment activity, funded by bank credit, ...
International Financial Management Web Links
... historical exchange rate data that may be used to create technical forecasts of exchange rates. Forward Rates as Forecasts Forward rates are available for the euro, British pound, Canadian dollar, and Japanese yen for 1-month, 3-month, 6-month, and 12-month maturities at http://www.bmo.com/economic/ ...
... historical exchange rate data that may be used to create technical forecasts of exchange rates. Forward Rates as Forecasts Forward rates are available for the euro, British pound, Canadian dollar, and Japanese yen for 1-month, 3-month, 6-month, and 12-month maturities at http://www.bmo.com/economic/ ...