NBER WORKING PAPER SERIES FINANCIAL GLOBALIZATION, FINANCIAL CRISES, AND THE EXTERNAL
... markets dier. For instance, if a country only opens to equity ows but allows no debt, a debtde ation crisis cannot occur because the external credit constraints are irrelevant. The downside, however, is that the economy cannot smooth consumption as well. The contribution of this paper is in that ...
... markets dier. For instance, if a country only opens to equity ows but allows no debt, a debtde ation crisis cannot occur because the external credit constraints are irrelevant. The downside, however, is that the economy cannot smooth consumption as well. The contribution of this paper is in that ...
P a g e 1
... My key messages are: It is in everyone's interest that credit institutions are well-capitalised. The risk-based approach should be retained in financial regulation. And we must have a realistic approach to how much special Danish circumstances will be taken into account in future. I will also observ ...
... My key messages are: It is in everyone's interest that credit institutions are well-capitalised. The risk-based approach should be retained in financial regulation. And we must have a realistic approach to how much special Danish circumstances will be taken into account in future. I will also observ ...
Document
... (A) An instrument that is structured so that, if it is held until retired by or on behalf of the issuer, its rate of return, based on its purchase cost and any cash flow stream possible under the structure of the transaction, may become negative due to reasons other than the credit risk associated w ...
... (A) An instrument that is structured so that, if it is held until retired by or on behalf of the issuer, its rate of return, based on its purchase cost and any cash flow stream possible under the structure of the transaction, may become negative due to reasons other than the credit risk associated w ...
Intermediary Asset Pricing
... households pull out of mutual funds because they have delivered low past returns, and mutual funds in turn are forced to liquidate their asset holdings (as in Shleifer and Vishny, 1997). In both cases, the key dynamic of the model is that low specialist wealth states lead households to withdraw fun ...
... households pull out of mutual funds because they have delivered low past returns, and mutual funds in turn are forced to liquidate their asset holdings (as in Shleifer and Vishny, 1997). In both cases, the key dynamic of the model is that low specialist wealth states lead households to withdraw fun ...
common stock
... the determination of certain corporate policies. 2. To maintain one’s proportional interest in the corporation through purchase of additional common stock if and when it is issued. This right is known as the preemptive right. ...
... the determination of certain corporate policies. 2. To maintain one’s proportional interest in the corporation through purchase of additional common stock if and when it is issued. This right is known as the preemptive right. ...
Asset Allocation by Institutional Investors after the Recent Financial
... basis than stocks or possibly bonds. The third part analyzes in depth the factors influencing the asset allocation decisions by their specific types of institutional investors — DB pension plans of S&P 500 companies, DB pension plans of state and local governments, and investment funds of foundation ...
... basis than stocks or possibly bonds. The third part analyzes in depth the factors influencing the asset allocation decisions by their specific types of institutional investors — DB pension plans of S&P 500 companies, DB pension plans of state and local governments, and investment funds of foundation ...
Investment Style and Process - Qualified Financial Services
... 1.Source: Franklin Templeton Investments (FTI), as of 06.30.12, unless otherwise noted. Assets under management (AUM) combines the U.S. and non-U.S. AUM of the investment management subsidiaries of the parent company, Franklin Resources, Inc. [NYSE: BEN], a global investment organisation operating a ...
... 1.Source: Franklin Templeton Investments (FTI), as of 06.30.12, unless otherwise noted. Assets under management (AUM) combines the U.S. and non-U.S. AUM of the investment management subsidiaries of the parent company, Franklin Resources, Inc. [NYSE: BEN], a global investment organisation operating a ...
Capital efficiency and optimization Measured steps to achieve return
... the return on equity (‘ROE’) for each business unit. While such frameworks were adequate in the past, banks today also need to consider the risk inherent in each product/product variant and price in the same as part of the FTP framework, with a view to determining risk adjusted profitability. The ab ...
... the return on equity (‘ROE’) for each business unit. While such frameworks were adequate in the past, banks today also need to consider the risk inherent in each product/product variant and price in the same as part of the FTP framework, with a view to determining risk adjusted profitability. The ab ...
ASSET CLASS SUB ASSET CLASS Equity Large-Cap Large
... Flexicap funds invest at least 65% of their total assets in Indian equities, and the balance can be invested in other asset classes such as fixed income, gold and overseas equities, among others. Funds in this category would invest not more than 65% of total assets in either large-cap stocks or smal ...
... Flexicap funds invest at least 65% of their total assets in Indian equities, and the balance can be invested in other asset classes such as fixed income, gold and overseas equities, among others. Funds in this category would invest not more than 65% of total assets in either large-cap stocks or smal ...
Chapter 7
... permit the holder to buy stock for a stated price, thereby providing a capital gain if the stock’s price rises. ...
... permit the holder to buy stock for a stated price, thereby providing a capital gain if the stock’s price rises. ...
RISK MANAGEMENT
... Shinsei Bank has identified risk management as one of its most important management issues, and the Bank has undertaken various measures to strengthen risk management frameworks. These include improvements of our various committees and further empowerment of their functions, and the establishment of ...
... Shinsei Bank has identified risk management as one of its most important management issues, and the Bank has undertaken various measures to strengthen risk management frameworks. These include improvements of our various committees and further empowerment of their functions, and the establishment of ...
Market Funds and Trust-Investment Law
... long-term fixed-return obligations such as mortgages and bonds. This approach to investment by trustees may have made sense in the eighteenth and nineteenth centuries in light of two facts which are not true today. First, the capital markets were relatively undeveloped and the opportunities to make ...
... long-term fixed-return obligations such as mortgages and bonds. This approach to investment by trustees may have made sense in the eighteenth and nineteenth centuries in light of two facts which are not true today. First, the capital markets were relatively undeveloped and the opportunities to make ...
PDF
... hog processing is less liquid than Treasury Bills or a stock portfolio. While investors can easily enter and exit the stock or bond markets investment in a hog processing facility usually requires a long-term commitment. In many of the cooperatively owned processing facilities long-term delivery con ...
... hog processing is less liquid than Treasury Bills or a stock portfolio. While investors can easily enter and exit the stock or bond markets investment in a hog processing facility usually requires a long-term commitment. In many of the cooperatively owned processing facilities long-term delivery con ...
The Time-Varying Liquidity Risk of Value and Growth Stocks
... appears to drive the countercyclical nature of the value premium. We will use the term flight-toquality throughout the paper. To the best of our knowledge, we are first to consider time-varying liquidity risk as a possible explanation for the existence of the value premium. We believe that this addr ...
... appears to drive the countercyclical nature of the value premium. We will use the term flight-toquality throughout the paper. To the best of our knowledge, we are first to consider time-varying liquidity risk as a possible explanation for the existence of the value premium. We believe that this addr ...