Time-varying risk premia and the cost of capital
... channel do they affect the real economy? One might suspect that the principal means by which time-varying risk premia affect the real economy would be through the so-called wealth effect on consumption. But recent research suggests that fluctuations in equity risk premia primarily generate transitory ...
... channel do they affect the real economy? One might suspect that the principal means by which time-varying risk premia affect the real economy would be through the so-called wealth effect on consumption. But recent research suggests that fluctuations in equity risk premia primarily generate transitory ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... assets evolves across time and through history. If the aggregate generational current account is consistently positive, as is the case for Japan in the 20 years between 1973 and 1992, then a country’s net foreign assets are increasing more rapidly than world interest rates over a long horizon. In a ...
... assets evolves across time and through history. If the aggregate generational current account is consistently positive, as is the case for Japan in the 20 years between 1973 and 1992, then a country’s net foreign assets are increasing more rapidly than world interest rates over a long horizon. In a ...
WHY DID FINANCIAL GLOBALIZATION DISAPPOINT? I. Introduction Dani Rodrik and Arvind Subramanian
... afflicted by measurement error, we would point out that many of the variables in the cross-country literature mentioned above are also measured with error. But not all have suffered the same fate as the FG indicator. Clearly, cross-country growth regressions have many problems, and this is not the p ...
... afflicted by measurement error, we would point out that many of the variables in the cross-country literature mentioned above are also measured with error. But not all have suffered the same fate as the FG indicator. Clearly, cross-country growth regressions have many problems, and this is not the p ...
role of capital market
... continues to be a cause of concern. It has been ascertained that the total number of retail investors is much less than 1% of the total Indian population. While on one hand, the number of retail investors is low, on the other hand substantial amount of household savings are available which can be ch ...
... continues to be a cause of concern. It has been ascertained that the total number of retail investors is much less than 1% of the total Indian population. While on one hand, the number of retail investors is low, on the other hand substantial amount of household savings are available which can be ch ...
Problems of Using Technical and Fractal Analysis on FOREX
... Figure 5 Level of using each kind of analysis by traders with different investment horizon. Each group of trader chooses such combination of the methods which is more useful and suitable for it. For intraday traders: 5% - technical analysis, 95% intuition; for short term traders: 5% - intuition, 10% ...
... Figure 5 Level of using each kind of analysis by traders with different investment horizon. Each group of trader chooses such combination of the methods which is more useful and suitable for it. For intraday traders: 5% - technical analysis, 95% intuition; for short term traders: 5% - intuition, 10% ...
Retooling Your Financial Reserves
... → The Total Reserves Risks (TRR) shall be the sum of all reasonable potential draws on SA’s reserves. − SA will use a bottom-up method to determine TRR. → The SA FinCom will annually determine TRR update process. − FinCom will conduct reviews at least once every three years. → The lower and upper re ...
... → The Total Reserves Risks (TRR) shall be the sum of all reasonable potential draws on SA’s reserves. − SA will use a bottom-up method to determine TRR. → The SA FinCom will annually determine TRR update process. − FinCom will conduct reviews at least once every three years. → The lower and upper re ...
serie documentos de trabajo ownership structure and risk at
... shareholders fail to exert corporate control on managerial decisions by two main reasons. The monitoring costs to control the manager are extremely high, so that, shareholders have no option than accepting his portfolio decisions. Second, the shareholders may lack of voting rights or are not properl ...
... shareholders fail to exert corporate control on managerial decisions by two main reasons. The monitoring costs to control the manager are extremely high, so that, shareholders have no option than accepting his portfolio decisions. Second, the shareholders may lack of voting rights or are not properl ...
Article III, Section 49-k of the Texas Constitution created the Texas
... the basic financial statements with the notes to the financial statements, and supplementary information. The Mobility Fund’s financial statements combine two types of financial statements into one statement. These two types of financial statements are the fund financial statements and the entity-wi ...
... the basic financial statements with the notes to the financial statements, and supplementary information. The Mobility Fund’s financial statements combine two types of financial statements into one statement. These two types of financial statements are the fund financial statements and the entity-wi ...
CHECKLISTS FOR APPLICATION FOR AUTHORIZATION OF
... g. But these may also include other portfolios internally managed by the Insurer on a discretionary basis not authorized by the SFC under the UT Code. h. Although your ILAS policy is a life insurance policy, because part of your death benefit is linked to the performance of the underlying funds1 you ...
... g. But these may also include other portfolios internally managed by the Insurer on a discretionary basis not authorized by the SFC under the UT Code. h. Although your ILAS policy is a life insurance policy, because part of your death benefit is linked to the performance of the underlying funds1 you ...
Pricing Insurance Policies: The Internal Rate of Return Model
... IRR models used for capital budgeting decisions examine the funds invested by a particular firm, and the returns expected by the firm. If it invests less funds, it may generate less revenue. For the insurance pricing model, the assumption of capital markets efficiency implies that the industry is ne ...
... IRR models used for capital budgeting decisions examine the funds invested by a particular firm, and the returns expected by the firm. If it invests less funds, it may generate less revenue. For the insurance pricing model, the assumption of capital markets efficiency implies that the industry is ne ...
What is owners equity in accounting? Peter Baskerville The
... The definition and application of 'owners equity' in Accounting - Foundation level This answer will help you understand definition of 'owners equity' and the way 'owners equity' is classified in Accounting. 'Owners equity' is one of the three elements in the accounting equation; the other two are 'a ...
... The definition and application of 'owners equity' in Accounting - Foundation level This answer will help you understand definition of 'owners equity' and the way 'owners equity' is classified in Accounting. 'Owners equity' is one of the three elements in the accounting equation; the other two are 'a ...
Pensions and Investments Trends in Emerging
... If anything, the index approach has created more opportunities for active stock pickers. “There are some fantastic opportunities in broad correlated sell-offs, particularly when people are shorting the index without giving any differentiation at the stock level,” he said. Leading active money manage ...
... If anything, the index approach has created more opportunities for active stock pickers. “There are some fantastic opportunities in broad correlated sell-offs, particularly when people are shorting the index without giving any differentiation at the stock level,” he said. Leading active money manage ...
United States Policy Toward Foreign Investment
... ment policy.4 Another way of saying this is that the traditional United States policy toward foreign investment is to welcome foreign investment that flows according to market forces." From the birth of the United States as a nation until the eruption of the First World War, the United States was a ...
... ment policy.4 Another way of saying this is that the traditional United States policy toward foreign investment is to welcome foreign investment that flows according to market forces." From the birth of the United States as a nation until the eruption of the First World War, the United States was a ...
May 2014 Market Review - Alpha Asset Management Zimbabwe
... these sectors. However, the Mining sector currently has challenges due to high operational costs, depressed commodity prices and the undercapitalization of most mining companies. Property developments have lagged behind and some old properties have not been refurbished due to lack of funding. Due to ...
... these sectors. However, the Mining sector currently has challenges due to high operational costs, depressed commodity prices and the undercapitalization of most mining companies. Property developments have lagged behind and some old properties have not been refurbished due to lack of funding. Due to ...
Aims and purpose of the Fund
... solvency level over a reasonable time period and then maintain sufficient assets in order for it to pay all benefits arising as they fall due. This objective will be considered on an employer specific level where appropriate. The general principle adopted by the Fund is that the assumptions used, ta ...
... solvency level over a reasonable time period and then maintain sufficient assets in order for it to pay all benefits arising as they fall due. This objective will be considered on an employer specific level where appropriate. The general principle adopted by the Fund is that the assumptions used, ta ...
Outlook 2016
... Firstly, China wants to avoid the “middle income trap”, whereby a country does not reform its economy after having grown rapidly, and instead gets stuck in activities that stop it from achieving wealth comparable to an advanced country. For this reason, Chinese policymakers have engaged in a signifi ...
... Firstly, China wants to avoid the “middle income trap”, whereby a country does not reform its economy after having grown rapidly, and instead gets stuck in activities that stop it from achieving wealth comparable to an advanced country. For this reason, Chinese policymakers have engaged in a signifi ...
What Are Services?
... Reproductions of this material, or any parts of it, should refer to the IMF Statistics Department as the source. ...
... Reproductions of this material, or any parts of it, should refer to the IMF Statistics Department as the source. ...
Fundamentals of Investing
... Investments have the potential for higher returns © Take Charge Today – August 2013 – The Fundamentals of Investing– Slide 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona ...
... Investments have the potential for higher returns © Take Charge Today – August 2013 – The Fundamentals of Investing– Slide 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences Take Charge America Institute at the University of Arizona ...
Vincent Piron_Paris 2014
... implement efficient projects • Create a « center of excellence » for training decision makers to these rather complicated process of project evaluation, selection, tender and implementation • Studies with economists about the link between socioeconomic development linked to a new project and ...
... implement efficient projects • Create a « center of excellence » for training decision makers to these rather complicated process of project evaluation, selection, tender and implementation • Studies with economists about the link between socioeconomic development linked to a new project and ...
Situational Influences on Management Control Systems
... Residual Income (RI) allows to use different interest charges for different types of assets » e.g., fixed assets - longer term / higher risk - higher charge. ...
... Residual Income (RI) allows to use different interest charges for different types of assets » e.g., fixed assets - longer term / higher risk - higher charge. ...
Investment fund
An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group. These advantages include an ability to: hire professional investment managers, which may potentially be able to offer better returns and more adequate risk management; benefit from economies of scale, i.e., lower transaction costs; increase the asset diversification to reduce some unsystemic risk.Terminology varies with country but investment funds are often referred to as investment pools, collective investment vehicles, collective investment schemes, managed funds, or simply funds. An investment fund may be held by the public, such as a mutual fund, exchange-traded fund, or closed-end fund, or it may be sold only in a private placement, such as a hedge fund or private equity fund. The term also includes specialized vehicles such as collective and common trust funds, which are unique bank-managed funds structured primarily to commingle assets from qualifying pension plans or trusts.Investment funds are promoted with a wide range of investment aims either targeting specific geographic regions (e.g., emerging markets or Europe) or specified industry sectors (e.g., technology). Depending on the country there is normally a bias towards the domestic market due to familiarity, and the lack of currency risk. Funds are often selected on the basis of these specified investment aims, their past investment performance, and other factors such as fees.