Concentrated Ownership and Bailout Guarantees (November 2005)
... entrepreneurs. We show that, in such economies, lending booms fuelled by guarantees can occur, but tend to naturally end in a soft landing. In our model, entrepreneurs hold large stakes in their firms, because contracts cannot be enforced perfectly. Bailout guarantees encourage overinvestment and ri ...
... entrepreneurs. We show that, in such economies, lending booms fuelled by guarantees can occur, but tend to naturally end in a soft landing. In our model, entrepreneurs hold large stakes in their firms, because contracts cannot be enforced perfectly. Bailout guarantees encourage overinvestment and ri ...
() - ETF Securities
... stages of losing their credibility, it is unlikely to rise fast enough to discredit them at this juncture. Bonds have a different buyer now, namely central banks who have a different reason for buying: buying bonds as a monetary policy tool rather than as an investment, keeping rates lower for longe ...
... stages of losing their credibility, it is unlikely to rise fast enough to discredit them at this juncture. Bonds have a different buyer now, namely central banks who have a different reason for buying: buying bonds as a monetary policy tool rather than as an investment, keeping rates lower for longe ...
From a “normal recession” to the “Great Depression”: finding the
... 1930, the downturn, although serious, was still comparable in magnitude to the recession of 1920-22; as the decline slowed, it would have been reasonable to expect a brisk recovery, just like in 1922” (ibid., p. 47). When Temin wrote Did Monetary Forces Cause the Great Depression? (1976), he also ha ...
... 1930, the downturn, although serious, was still comparable in magnitude to the recession of 1920-22; as the decline slowed, it would have been reasonable to expect a brisk recovery, just like in 1922” (ibid., p. 47). When Temin wrote Did Monetary Forces Cause the Great Depression? (1976), he also ha ...
NBER WORKING PAPER SERIES THE INTERNATIONAL ECONOMICS OF TRANSITIONAL GROWTH ——
... the U.S. In the past two decades the U.K., Italy, Canada, and Korea have tended to import capital for purposes of domestic investment. Korea has been a particularly impressive importer of foreign capital. In certain years foreigners have invested more in Korea than have domestic residents. The numbe ...
... the U.S. In the past two decades the U.K., Italy, Canada, and Korea have tended to import capital for purposes of domestic investment. Korea has been a particularly impressive importer of foreign capital. In certain years foreigners have invested more in Korea than have domestic residents. The numbe ...
9780273713654_pp19
... Privileged Subscription – The sale of new securities in which existing shareholders are given a preference in purchasing these securities up to the proportion of common shares that they already own; also known as a rights offering. Preemptive Right – The privilege of shareholders to maintain their p ...
... Privileged Subscription – The sale of new securities in which existing shareholders are given a preference in purchasing these securities up to the proportion of common shares that they already own; also known as a rights offering. Preemptive Right – The privilege of shareholders to maintain their p ...
Dreyfus Investment Portfolios, MidCap Stock Portfolio
... decade. However, equities began a sustained rebound in February when U.S. monetary policymakers refrained from additional rate hikes, other central banks eased their monetary policies, and commodity prices recovered. After a bout of volatility in June stemming from the United Kingdom’s referendum to ...
... decade. However, equities began a sustained rebound in February when U.S. monetary policymakers refrained from additional rate hikes, other central banks eased their monetary policies, and commodity prices recovered. After a bout of volatility in June stemming from the United Kingdom’s referendum to ...
Balancing the Banks: Global Lessons from the Financial Crisis
... domino effects because of its high degree of interconnectedness with other financial firms (as was the case, for example, with the investment bank Lehman Brothers). Consequently, the argument behind the representation hypothesis still holds: even if the debtholders of banks are neither small nor ine ...
... domino effects because of its high degree of interconnectedness with other financial firms (as was the case, for example, with the investment bank Lehman Brothers). Consequently, the argument behind the representation hypothesis still holds: even if the debtholders of banks are neither small nor ine ...
Mortgagee Sales - Financial Ombudsman Service
... a view on an issue, there may well be another which says something different. Why? Because the cases are decided on the facts and taking into account all of the evidence. While there are useful statements of what the duty of mortgagee is, it is always necessary to apply those statements to what happ ...
... a view on an issue, there may well be another which says something different. Why? Because the cases are decided on the facts and taking into account all of the evidence. While there are useful statements of what the duty of mortgagee is, it is always necessary to apply those statements to what happ ...
Foreign Direct Investment into the Russian Market
... in Russia is long 16. Due to different reasons the companies could not keep up with their new market specificity. Identification of these reasons could provide guidelines for the future foreign entrants. This is to become the premise for the main question of the thesis. Some of the newcomers do unde ...
... in Russia is long 16. Due to different reasons the companies could not keep up with their new market specificity. Identification of these reasons could provide guidelines for the future foreign entrants. This is to become the premise for the main question of the thesis. Some of the newcomers do unde ...
Official PDF , 146 pages
... Box I1. 4: Speed of reform and economic growth ........................................................................................ Box I1. 5: Estimations o f Total Factor Productivity (TFP) in the Libyan non-oil sector .............................. Box I1. 6: Governance and growth-empirical ev ...
... Box I1. 4: Speed of reform and economic growth ........................................................................................ Box I1. 5: Estimations o f Total Factor Productivity (TFP) in the Libyan non-oil sector .............................. Box I1. 6: Governance and growth-empirical ev ...
Private Equity and Private Debt Investments in India
... Restructuring, Capital Markets, Employment and HR, Intellectual Property, International Commercial Law and Private Client. Our specialized industry niches include funds, financial services, IT and telecom, pharma and healthcare, media and entertainment, real estate and infrastructure & education. Ni ...
... Restructuring, Capital Markets, Employment and HR, Intellectual Property, International Commercial Law and Private Client. Our specialized industry niches include funds, financial services, IT and telecom, pharma and healthcare, media and entertainment, real estate and infrastructure & education. Ni ...
Information Asymmetry, Relationship Banking and Financing Costs
... relation in favor of several bank relation increases with the duration of its initial single bank relation. Furthermore, Farinha and Santos (2002) show that this substitution happens more frequently with firms which have more growth opportunities or perform poorly, respectively. The first finding is ...
... relation in favor of several bank relation increases with the duration of its initial single bank relation. Furthermore, Farinha and Santos (2002) show that this substitution happens more frequently with firms which have more growth opportunities or perform poorly, respectively. The first finding is ...
Section 8.1 Preparing for a Savings or Investment Program
... which investors pool their money to buy stocks, bonds, and other securities selected by professional managers who work for an investment company ...
... which investors pool their money to buy stocks, bonds, and other securities selected by professional managers who work for an investment company ...
Will my portfolio give me an inflation plus return?
... confidence in active asset allocation withered and it went out of fashion. Strategic (which meant static) asset allocation became the conventional wisdom. This era persisted for so long that it came to be regarded as normal. The lessons from earlier more difficult times were either forgotten or rega ...
... confidence in active asset allocation withered and it went out of fashion. Strategic (which meant static) asset allocation became the conventional wisdom. This era persisted for so long that it came to be regarded as normal. The lessons from earlier more difficult times were either forgotten or rega ...
pdf
... price, and the total return is made up of interest received and any gain or loss made on any particular instrument, in most cases the return will merely have the effect of increasing or decreasing the daily yield, but in the case of abnormal losses it can have the effect of reducing the capital valu ...
... price, and the total return is made up of interest received and any gain or loss made on any particular instrument, in most cases the return will merely have the effect of increasing or decreasing the daily yield, but in the case of abnormal losses it can have the effect of reducing the capital valu ...
A Primer on Non-Traded REITs and other Alternative Real Estate
... In this paper we provide a brief overview of the ways to achieve real estate exposure and focus our analysis on alternative real estate investments. The term alternative real estate investment, as used in this paper, refers to real estate securities such as non-traded Real Estate Investment Trusts ( ...
... In this paper we provide a brief overview of the ways to achieve real estate exposure and focus our analysis on alternative real estate investments. The term alternative real estate investment, as used in this paper, refers to real estate securities such as non-traded Real Estate Investment Trusts ( ...
Item 1 – Cover Page - NorthCoast Asset Management
... portfolio and only after expected transaction costs are considered. NorthCoast believes that to deliver superior risk adjusted returns over the long term requires a long term information advantage. To maintain this edge, NorthCoast constantly engages in statistically based research to find new sourc ...
... portfolio and only after expected transaction costs are considered. NorthCoast believes that to deliver superior risk adjusted returns over the long term requires a long term information advantage. To maintain this edge, NorthCoast constantly engages in statistically based research to find new sourc ...
Key Investor Information
... the name of which is at the top of this document. The prospectus and periodic reports are prepared for the entire umbrella fund. To protect investors, the assets and liabilities of each compartment are segregated by law from those of other compartments. Switches: Subject to conditions, you may apply ...
... the name of which is at the top of this document. The prospectus and periodic reports are prepared for the entire umbrella fund. To protect investors, the assets and liabilities of each compartment are segregated by law from those of other compartments. Switches: Subject to conditions, you may apply ...
after-tax returns: methodology for computing
... The shadow benchmark can be thought of as a simulated account which shadows the actual account’s investment flows, returns, and market value over time. As with all simulations, it makes some simplifying assumptions. It models the evolution of a single-security investment, but distinguishes between s ...
... The shadow benchmark can be thought of as a simulated account which shadows the actual account’s investment flows, returns, and market value over time. As with all simulations, it makes some simplifying assumptions. It models the evolution of a single-security investment, but distinguishes between s ...
Stress testing French banks` income subcomponents
... an increasingly important issue on the research agenda, in particular within central banks. Macroeconomic stress tests have also been included in the International Monetary Fund’s Financial Sector Assessment Program (FSAP). Surveys on financial stress testing are provided by Sorge (2004) and Jones, ...
... an increasingly important issue on the research agenda, in particular within central banks. Macroeconomic stress tests have also been included in the International Monetary Fund’s Financial Sector Assessment Program (FSAP). Surveys on financial stress testing are provided by Sorge (2004) and Jones, ...
Fiduciary Management Vs Implemented Consulting SEI debates the
... these two different but related approaches can be compared and assessed. In this paper we will seek to define each approach and identify and clarify the potential differences comparing the benefits of each approach. Fiduciary Management vs Implemented Consulting – What is the difference? Both Fiduci ...
... these two different but related approaches can be compared and assessed. In this paper we will seek to define each approach and identify and clarify the potential differences comparing the benefits of each approach. Fiduciary Management vs Implemented Consulting – What is the difference? Both Fiduci ...
printmgr file - Goldman Sachs
... The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1 ...
... The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1 ...
Employment Relations and Restructuring Management in the
... crisis more efficiently and from a common EU perspective. The resulting process of compliance with regulation has strained the national employment relations system, by putting pressure on strategies mobilized to defend national economic interests. In the confrontation process by which these exogenou ...
... crisis more efficiently and from a common EU perspective. The resulting process of compliance with regulation has strained the national employment relations system, by putting pressure on strategies mobilized to defend national economic interests. In the confrontation process by which these exogenou ...
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.