Disregarded inefficiency may dominate sustainability policies
... resource extraction. In other words, GI in shadow prices may be negative despite any effort in saving, suggesting that, for some inefficient economies, institutional and resource policies are prerequisites of sustainability. Unfortunately, accurate shadow prices are not observable in real economies ...
... resource extraction. In other words, GI in shadow prices may be negative despite any effort in saving, suggesting that, for some inefficient economies, institutional and resource policies are prerequisites of sustainability. Unfortunately, accurate shadow prices are not observable in real economies ...
Determinants of Commercial Banks` Lending
... banks must behave in a way that there potential customers are attracted and retained. This study will try to provide insight into the best lending practice and behaviour. The major objective of this paper is to confirm the effectiveness of the common determinants of commercial banks lending as speci ...
... banks must behave in a way that there potential customers are attracted and retained. This study will try to provide insight into the best lending practice and behaviour. The major objective of this paper is to confirm the effectiveness of the common determinants of commercial banks lending as speci ...
Trendsetter barometer® Business outlook
... trouble for insiders. US economic fundamentals remain strong, but markets and executives like predictability, and that’s not what we’ve been getting lately. In our 20 years of surveying Trendsetter executives, we’ve had lots of opportunities to see how they respond to extremes — and this is often a ...
... trouble for insiders. US economic fundamentals remain strong, but markets and executives like predictability, and that’s not what we’ve been getting lately. In our 20 years of surveying Trendsetter executives, we’ve had lots of opportunities to see how they respond to extremes — and this is often a ...
Implementing the Golden Rule for Public Investment in Europe
... Figure 7: gross fixed capital formation (ESA 1995) for the different levels of government and output gap in Germany in per cent of GDP, 1991-2013 ............. 32 Figure 8: net fixed capital formation (ESA 1995) for the different levels of government in Germany and output gap in Germany in per cent ...
... Figure 7: gross fixed capital formation (ESA 1995) for the different levels of government and output gap in Germany in per cent of GDP, 1991-2013 ............. 32 Figure 8: net fixed capital formation (ESA 1995) for the different levels of government in Germany and output gap in Germany in per cent ...
Financial Accounting and Accounting Standards
... LO 2 Journal entries for Parent using complete equity method. ...
... LO 2 Journal entries for Parent using complete equity method. ...
schroders liquid alternatives br en
... The fact that liquid alternative strategies cover such a broad range of asset classes with such diverse performance patterns mean they can be tailored to suit the needs of individual portfolios. For example, long/short investing can be more focused on capturing growth potential while hedging market ...
... The fact that liquid alternative strategies cover such a broad range of asset classes with such diverse performance patterns mean they can be tailored to suit the needs of individual portfolios. For example, long/short investing can be more focused on capturing growth potential while hedging market ...
Competition and regulation in banking∗
... on stability have instead addressed the impact of competition on banks’ incentives to take risk, and the possibility of correcting its perverse impact through appropriate regulatory measures. Besides the limited focus, the literature is also still inconclusive. Whereas the prevailing view is that c ...
... on stability have instead addressed the impact of competition on banks’ incentives to take risk, and the possibility of correcting its perverse impact through appropriate regulatory measures. Besides the limited focus, the literature is also still inconclusive. Whereas the prevailing view is that c ...
Better banks for Eastern Europe
... (5) Specific banks and firms are tied to each other in various ways that impede competition between banks and grossly distort financial flows. To facilitate financial control under central planning, firms were forced in the past to deal almost exclusively with a specific bank, and banks were specia ...
... (5) Specific banks and firms are tied to each other in various ways that impede competition between banks and grossly distort financial flows. To facilitate financial control under central planning, firms were forced in the past to deal almost exclusively with a specific bank, and banks were specia ...
RESTRICTEDCode - World Trade Organization
... Following the Gramm-Leach-Bliley Act of 1999, the regulatory framework for financial services has continued to be modernized through new regulations. The United States grants, in general terms, open market access and national treatment to foreign banks. In insurance, firms are primarily regulated at ...
... Following the Gramm-Leach-Bliley Act of 1999, the regulatory framework for financial services has continued to be modernized through new regulations. The United States grants, in general terms, open market access and national treatment to foreign banks. In insurance, firms are primarily regulated at ...
3.1. Housing market and household sector indebtedness
... category and to a lesser extent through portfolio investment. They have been mainly related to (i) the steady appreciation of the Swedish krona since 2009,3 (ii) a decreasing value of Swedish FDI abroad relative to foreign holdings in Sweden and, (iii) an increasing value of Swedish bonds held by fo ...
... category and to a lesser extent through portfolio investment. They have been mainly related to (i) the steady appreciation of the Swedish krona since 2009,3 (ii) a decreasing value of Swedish FDI abroad relative to foreign holdings in Sweden and, (iii) an increasing value of Swedish bonds held by fo ...
US dividends for the long term
... the highest, middle or lowest third of the universe; the stocks within these groups were further split into three groups based on their historical dividend payout ratios. The lines represent the cumulative returns of these groups. Only the high and low combinations between yield and dividend payout ...
... the highest, middle or lowest third of the universe; the stocks within these groups were further split into three groups based on their historical dividend payout ratios. The lines represent the cumulative returns of these groups. Only the high and low combinations between yield and dividend payout ...
Savings, Investment Spending, and the Financial System
... don’t quite add up; because data collection isn’t perfect, there is a “statistical discrepancy” of $9 billion. But we know that this is an error in the data, not in the theory, because the savings–investment spending identity must hold in reality. It’s also worth noting that 2010 was not a normal ye ...
... don’t quite add up; because data collection isn’t perfect, there is a “statistical discrepancy” of $9 billion. But we know that this is an error in the data, not in the theory, because the savings–investment spending identity must hold in reality. It’s also worth noting that 2010 was not a normal ye ...
The Relationship between Monetary Policy and Asset Prices
... be variance among firms – those more dependent on external financing should have larger swings in stock prices due to a monetary policy shock. The data examines 20,121 firms across forty-four countries, with the average response of stock prices roughly 4:1 from an unexpected change in interest rates ...
... be variance among firms – those more dependent on external financing should have larger swings in stock prices due to a monetary policy shock. The data examines 20,121 firms across forty-four countries, with the average response of stock prices roughly 4:1 from an unexpected change in interest rates ...
Parliamentary election cycles and the Turkish banking sector
... differences. For instance, in pure market-oriented economies such as the US and the UK, governments have traditionally only played a regulatory role in the banking sector,1 while in many other countries governments directly control financial resources through ownership of one or more banks in addition ...
... differences. For instance, in pure market-oriented economies such as the US and the UK, governments have traditionally only played a regulatory role in the banking sector,1 while in many other countries governments directly control financial resources through ownership of one or more banks in addition ...
Does direct foreign investment affect domestic firms
... higher correlations between either investment and cash flow (FHP), or between investment and debt to asset ratios and interest coverage (Whited (1992)). Kaplan and Zingales (1997) have criticized this approach, arguing that firms which are identified as credit constrained by FHP are in fact not cons ...
... higher correlations between either investment and cash flow (FHP), or between investment and debt to asset ratios and interest coverage (Whited (1992)). Kaplan and Zingales (1997) have criticized this approach, arguing that firms which are identified as credit constrained by FHP are in fact not cons ...
Mutual fund flows: an analysis of the main macroeconomic factors
... performance of the São Paulo Stock Exchange Index (IBOVESPA) was crucial for net mutual fund flows in Brazil. Conducted from June 30, 1999 through to June 29, 2001 and based on daily data, this study found that the behavior of the Index up to three days earlier influenced net flow by mutual funds. T ...
... performance of the São Paulo Stock Exchange Index (IBOVESPA) was crucial for net mutual fund flows in Brazil. Conducted from June 30, 1999 through to June 29, 2001 and based on daily data, this study found that the behavior of the Index up to three days earlier influenced net flow by mutual funds. T ...
APPENDIX A Comprehensive Investment Plan for
... Florida ABLE completed a preliminary survey of the target market for the Florida ABLE Program in June of 2015. The survey inquired about investment experience and preference. The results were considered in the development of the Comprehensive Investment Plan, attached herein as Appendix A. In genera ...
... Florida ABLE completed a preliminary survey of the target market for the Florida ABLE Program in June of 2015. The survey inquired about investment experience and preference. The results were considered in the development of the Comprehensive Investment Plan, attached herein as Appendix A. In genera ...
SCA prepares for growth and higher margins
... Colombia and Chile. SCA’s goal is organic growth of more than 50% over the next 5 years, from today’s USD 570m to USD 870m by 2010. Investments, acquisitions and divestments During the next few years, current investments will as before amount to about 5% of sales. Expansion investments (strategic in ...
... Colombia and Chile. SCA’s goal is organic growth of more than 50% over the next 5 years, from today’s USD 570m to USD 870m by 2010. Investments, acquisitions and divestments During the next few years, current investments will as before amount to about 5% of sales. Expansion investments (strategic in ...
The Global Secondary Market: A Growing and Evolving Investment
... buyer may develop a tailored liquidity solution that addresses the objectives of a seller when such objectives cannot be satisfied with a traditional sale. The assets acquired in complex secondary transactions are often similar to or the same as those involved in traditional transactions. Accordingl ...
... buyer may develop a tailored liquidity solution that addresses the objectives of a seller when such objectives cannot be satisfied with a traditional sale. The assets acquired in complex secondary transactions are often similar to or the same as those involved in traditional transactions. Accordingl ...
exercise 6-3 - Fisher College of Business
... because the oldest goods are usually sold first to minimize spoilage and obsolescence. ...
... because the oldest goods are usually sold first to minimize spoilage and obsolescence. ...
RIT Consolidated Financial Statements - June 30, 2011 and 2010
... Sciences, Imaging Arts and Sciences, Liberal Arts, National Technical Institute for the Deaf (NTID) and Science. The University, which occupies 1,300 acres in Rochester, New York, has approximately 17,200 full and part-time undergraduate and graduate students and 3,250 employees. The following organ ...
... Sciences, Imaging Arts and Sciences, Liberal Arts, National Technical Institute for the Deaf (NTID) and Science. The University, which occupies 1,300 acres in Rochester, New York, has approximately 17,200 full and part-time undergraduate and graduate students and 3,250 employees. The following organ ...
GDB Position paper to BCBS365_9.docx
... Similarly market makers in securities or derivatives hold a position in the respective asset in order to fulfil their market maker role. In order to protect themselves they enter into hedging agreements. The current usage of CEM for leverage ratio purposes does not allow to net these positions. It i ...
... Similarly market makers in securities or derivatives hold a position in the respective asset in order to fulfil their market maker role. In order to protect themselves they enter into hedging agreements. The current usage of CEM for leverage ratio purposes does not allow to net these positions. It i ...
the relationship between price earning ratio and stock return of firms
... the price earnings effect. This study sought to establish whether there is a relationship between the P/E ratio and stock returns at the Nairobi Securities Exchange. The P/E ratio of the listed stocks in the Nairobi Securities Exchange was computed annually from 2008-2013.The companies yearly return ...
... the price earnings effect. This study sought to establish whether there is a relationship between the P/E ratio and stock returns at the Nairobi Securities Exchange. The P/E ratio of the listed stocks in the Nairobi Securities Exchange was computed annually from 2008-2013.The companies yearly return ...
Fulltext: english,
... its return between t-1 and t-11 is highest minus where its return between t-1 and t-11 is lowest. Momentum might be interpreted as the risk factor mimicked by the return on a portfolio of winner stocks minus the return on a portfolio of loser stocks. As the initiator of this sub-literature, Jegadees ...
... its return between t-1 and t-11 is highest minus where its return between t-1 and t-11 is lowest. Momentum might be interpreted as the risk factor mimicked by the return on a portfolio of winner stocks minus the return on a portfolio of loser stocks. As the initiator of this sub-literature, Jegadees ...
Ownership structure, risk and performance in the - Hal-SHS
... banks might mitigate this effect. An expected positive sign for the coefficient of this variable in the INCOME regression is also supported by the “too-big-to-fail” argument. Larger banks would benefit from an implicit guarantee that, other things equal, decreases their cost of funding and allows th ...
... banks might mitigate this effect. An expected positive sign for the coefficient of this variable in the INCOME regression is also supported by the “too-big-to-fail” argument. Larger banks would benefit from an implicit guarantee that, other things equal, decreases their cost of funding and allows th ...
Land banking
Land banking is the practice of aggregating parcels of land for future sale or development.While in many countries land banking may refer to various private real-estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities purposed with managing an inventory of surplus land.