global insight
... value of energy company shares because it has forced a major reappraisal of their future earning potential. Most stock markets in developed economies have been confined to a range for the past six months. Some like the FTSE All-Share and Canada’s TSX have gone net nowhere for more than a year. But w ...
... value of energy company shares because it has forced a major reappraisal of their future earning potential. Most stock markets in developed economies have been confined to a range for the past six months. Some like the FTSE All-Share and Canada’s TSX have gone net nowhere for more than a year. But w ...
Frontier Markets
... One of the key themes which have driven Emerging Markets growth has been the rise of the ‘emerging’ middle class over the last two decades. We believe that we are well into the early stages of a similar trend in Frontier Markets. One of the most telling statistics is related to the proportion of the ...
... One of the key themes which have driven Emerging Markets growth has been the rise of the ‘emerging’ middle class over the last two decades. We believe that we are well into the early stages of a similar trend in Frontier Markets. One of the most telling statistics is related to the proportion of the ...
Dominated assets, the expected utility maxim, and mean
... asset B down. Profitable arbitrage trades would continue to exist until the value of asset A was greater than the value of asset B. However, in less than perfect markets, sufficient frictions could exist so as to make the arbitrage trade infeasible. In this case, the dominating/dominated asset relat ...
... asset B down. Profitable arbitrage trades would continue to exist until the value of asset A was greater than the value of asset B. However, in less than perfect markets, sufficient frictions could exist so as to make the arbitrage trade infeasible. In this case, the dominating/dominated asset relat ...
ar 2005
... • Distribution deals mainly with the client-facing aspects of the process, choosing and operating the right channels to access clients, identifying their needs, participating in the design of products that meet those needs and the value propositions that underlie them, delivering them to clients and ...
... • Distribution deals mainly with the client-facing aspects of the process, choosing and operating the right channels to access clients, identifying their needs, participating in the design of products that meet those needs and the value propositions that underlie them, delivering them to clients and ...
International Capital Flows, Economic Growth and
... mobility have been perhaps the most remarkable features of the world economy in the recent decades. Widespread financial market liberalization measures and abolition of capital controls coupled with advances in information and transaction technologies and the introduction of new financial products hav ...
... mobility have been perhaps the most remarkable features of the world economy in the recent decades. Widespread financial market liberalization measures and abolition of capital controls coupled with advances in information and transaction technologies and the introduction of new financial products hav ...
econ-212-session-12
... The balance of payments is the record of a country’s transactions in goods, services, and assets with the rest of the world; also the record of a country’s sources (supply) and uses (demand) of foreign exchange. It is statement that summarizes an economy’s transactions with the rest of the world f ...
... The balance of payments is the record of a country’s transactions in goods, services, and assets with the rest of the world; also the record of a country’s sources (supply) and uses (demand) of foreign exchange. It is statement that summarizes an economy’s transactions with the rest of the world f ...
Document
... However, over the medium term, demand continues to outstrip supply in the housing market. As a result, house prices are likely to continue to increase, as is household indebtedness. This leaves the household sector and the wider economy more exposed to risks over a longer period of time than would ...
... However, over the medium term, demand continues to outstrip supply in the housing market. As a result, house prices are likely to continue to increase, as is household indebtedness. This leaves the household sector and the wider economy more exposed to risks over a longer period of time than would ...
NBER WORKING PAPER SERIES BUBBLY LIQUIDITY Emmanuel Farhi Jean Tirole
... bubbles, in which the social return on investment exceeds the private return due to spillovers. The long-term rate of interest can then be smaller than the rate of growth of the economy, and yet the economy be dynamically efficient. However, the condition for the existence of bubbles is still determin ...
... bubbles, in which the social return on investment exceeds the private return due to spillovers. The long-term rate of interest can then be smaller than the rate of growth of the economy, and yet the economy be dynamically efficient. However, the condition for the existence of bubbles is still determin ...
"What is more important: agglomeration, firm
... clients and many ancillary services are located there. Why doesn’t all financial business concentrate in New York? Partly because many clients are not there, partly because renting office space in New York is expensive, and partly because dealing with the city’s traffic, crime, and so on is such a n ...
... clients and many ancillary services are located there. Why doesn’t all financial business concentrate in New York? Partly because many clients are not there, partly because renting office space in New York is expensive, and partly because dealing with the city’s traffic, crime, and so on is such a n ...
a. a contract that involves a long position only. b. a
... larger gains or larger losses. smaller gains or smaller losses. larger gains or smaller losses. smaller gains or larger losses. ...
... larger gains or larger losses. smaller gains or smaller losses. larger gains or smaller losses. smaller gains or larger losses. ...
Capital Entity Procedures
... operating activity. Unrestricted funds are funds from various sources that can be used in any manner by the parish in accordance with its tax exempt purpose. Designated funds are unrestricted funds that the Pastor has agreed to set aside for a specific purpose, for example a capital building project ...
... operating activity. Unrestricted funds are funds from various sources that can be used in any manner by the parish in accordance with its tax exempt purpose. Designated funds are unrestricted funds that the Pastor has agreed to set aside for a specific purpose, for example a capital building project ...
Why has productivity growth stagnated in most Latin American
... productivity growth was also relatively energetic (2.5%); i.e., productivity doubling every 28 years, with Brazil and Mexico needing less than 20. Third, pre1980 there was nothing special about LA’s employment elasticities. And fourth, there was diversity within LA. However, post-1980 things changed ...
... productivity growth was also relatively energetic (2.5%); i.e., productivity doubling every 28 years, with Brazil and Mexico needing less than 20. Third, pre1980 there was nothing special about LA’s employment elasticities. And fourth, there was diversity within LA. However, post-1980 things changed ...
Leasing market
... Victoria’s economic growth is expected to remain positive over the next two to three years, thanks to contributions from consumer spending and housing construction. This provides a solid base for industrial leasing demand across the majority of Melbourne’s industrial precincts. Forecasts point to a ...
... Victoria’s economic growth is expected to remain positive over the next two to three years, thanks to contributions from consumer spending and housing construction. This provides a solid base for industrial leasing demand across the majority of Melbourne’s industrial precincts. Forecasts point to a ...
Mortgage-Related Securities
... • Return of capital: The investor who purchases a mortgage-related security should be aware that the payment received represents both earned interest income and return of invested funds. If you spend all of the payment, you are depleting your principal. Principal should be spent only if there is a r ...
... • Return of capital: The investor who purchases a mortgage-related security should be aware that the payment received represents both earned interest income and return of invested funds. If you spend all of the payment, you are depleting your principal. Principal should be spent only if there is a r ...
Are Entrepreneur-Led Companies Better?
... interests of management and shareholders are better aligned. On the other hand, Fama (1980), in his managerial labor market hypothesis posits that good managerial talent can be hired away by other organizations. Value accrues to shareholders only after netting out the pay premium afforded profession ...
... interests of management and shareholders are better aligned. On the other hand, Fama (1980), in his managerial labor market hypothesis posits that good managerial talent can be hired away by other organizations. Value accrues to shareholders only after netting out the pay premium afforded profession ...
A Framework for the use of Discount Rates in Actuarial Work
... monetary terms. There is a loss of information in moving to an equivalent single present value but, whilst discounted cash flow analysis is not always the best way of analysing or presenting financial data, it is a very useful and widespread tool. In particular, it is fundamental to many financial t ...
... monetary terms. There is a loss of information in moving to an equivalent single present value but, whilst discounted cash flow analysis is not always the best way of analysing or presenting financial data, it is a very useful and widespread tool. In particular, it is fundamental to many financial t ...
Financing the Capital Development of the Economy: A Keynes
... purchases using funds borrowed in very short-term markets (such as commercial paper), endangering their liquidity and solvency. The risks escalated, but were severely underpriced. The result was that banks’ assets ballooned, but success was based on outcomes that were unlikely to be realized. When a ...
... purchases using funds borrowed in very short-term markets (such as commercial paper), endangering their liquidity and solvency. The risks escalated, but were severely underpriced. The result was that banks’ assets ballooned, but success was based on outcomes that were unlikely to be realized. When a ...
The Role of Organizational Structure
... family) is not limited to performance maximization, but is also geared to risk/managerial moral hazard control. Therefore, the choice of the degree of hierarchy and specialty can be explained in terms of the characteristics of the financial family the fund belongs to. This lets us identify the exoge ...
... family) is not limited to performance maximization, but is also geared to risk/managerial moral hazard control. Therefore, the choice of the degree of hierarchy and specialty can be explained in terms of the characteristics of the financial family the fund belongs to. This lets us identify the exoge ...
The Case for Strategic Convertible Allocations
... fixed-income-like in others. Because of their structural complexities, convertible securities demand active management within asset allocations. Often, convertible securities are thought of as a single asset class; this ignores the variations within the convertible universe. Our approach is to use d ...
... fixed-income-like in others. Because of their structural complexities, convertible securities demand active management within asset allocations. Often, convertible securities are thought of as a single asset class; this ignores the variations within the convertible universe. Our approach is to use d ...
Book-introduction to derivatives
... Market Risk. The possibility that stocks or fixed income prices overall will decline over short or even extended periods. Stock and bond markets tend to move in cycles, with periods when prices rise and other periods when prices fall. Principal Risk. The possibility that an investment will go down ...
... Market Risk. The possibility that stocks or fixed income prices overall will decline over short or even extended periods. Stock and bond markets tend to move in cycles, with periods when prices rise and other periods when prices fall. Principal Risk. The possibility that an investment will go down ...
NBER WORKING PAPER SERIES EQUILIBRIUM COMMODITY PRICES WITH
... we find parameters that best fit the futures curve, the volatility term structure of futures returns, the consumption-output ratio, the consumption of oil-output ratio and the real interest rate. We find strong evidence that supports the presence of fixed investment cost, and thus two regimes in pri ...
... we find parameters that best fit the futures curve, the volatility term structure of futures returns, the consumption-output ratio, the consumption of oil-output ratio and the real interest rate. We find strong evidence that supports the presence of fixed investment cost, and thus two regimes in pri ...
TRUE-FALSE—Conceptual 1. Intangible assets derive their value
... a. it represents the purchase price of a business that is about to be sold. b. it is the difference between the fair market value of the net tangible and identifiable intangible assets as compared with the purchase price of the acquired business. c. the value of a business is computed without consid ...
... a. it represents the purchase price of a business that is about to be sold. b. it is the difference between the fair market value of the net tangible and identifiable intangible assets as compared with the purchase price of the acquired business. c. the value of a business is computed without consid ...
FY 2016 Results - Direct Line Group
... current expectations of the Directors concerning, among other things: the Group’s results of operations, financial condition, prospects, growth, strategies and the industry in which the Group operates. Examples of forward-looking statements include financial targets which are contained in this docum ...
... current expectations of the Directors concerning, among other things: the Group’s results of operations, financial condition, prospects, growth, strategies and the industry in which the Group operates. Examples of forward-looking statements include financial targets which are contained in this docum ...
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.