debt into growth: how sovereign debt accelerated the first industrial
... In this paper, we argue instead that Britain’s debt accumulation accelerated industrialization. We model the Industrial Revolution as the arrival of new, highproductivity technologies.5 Entrepreneurs invest in these new industries because profit rates are high. Initially, entrepreneurs are relativel ...
... In this paper, we argue instead that Britain’s debt accumulation accelerated industrialization. We model the Industrial Revolution as the arrival of new, highproductivity technologies.5 Entrepreneurs invest in these new industries because profit rates are high. Initially, entrepreneurs are relativel ...
Paper - Yale Economics
... In this paper, we argue instead that Britain’s debt accumulation accelerated industrialization. We model the Industrial Revolution as the arrival of new, highproductivity technologies.5 Entrepreneurs invest in these new industries because profit rates are high. Initially, entrepreneurs are relativel ...
... In this paper, we argue instead that Britain’s debt accumulation accelerated industrialization. We model the Industrial Revolution as the arrival of new, highproductivity technologies.5 Entrepreneurs invest in these new industries because profit rates are high. Initially, entrepreneurs are relativel ...
Section 363 of the Bankruptcy Code – A Tool for Buying and Selling
... maximizes value for both buyers and sellers can be structured in many cases. Unlike a sale outside of bankruptcy, a Section 363 sale can maximize the value received for the debtor’s assets through a swift transaction that gives the successful purchaser assurances of finality and freedom from claims ...
... maximizes value for both buyers and sellers can be structured in many cases. Unlike a sale outside of bankruptcy, a Section 363 sale can maximize the value received for the debtor’s assets through a swift transaction that gives the successful purchaser assurances of finality and freedom from claims ...
Reformatted from November 9, 2007 Federal Register p
... Sec. 681.2 Duties regarding the detection, prevention, and mitigation of identity theft. (a) Scope. This section applies to financial institutions and creditors that are subject to administrative enforcement of the FCRA by the Federal Trade Commission pursuant to 15 U.S.C. 1681s(a)(1). (b) Definitio ...
... Sec. 681.2 Duties regarding the detection, prevention, and mitigation of identity theft. (a) Scope. This section applies to financial institutions and creditors that are subject to administrative enforcement of the FCRA by the Federal Trade Commission pursuant to 15 U.S.C. 1681s(a)(1). (b) Definitio ...
CHAPTER 17 Financial Planning and Forecasting
... supported by the current level of assets is: ◦ Capacity sales = Actual sales / % of capacity ...
... supported by the current level of assets is: ◦ Capacity sales = Actual sales / % of capacity ...
On the logic, fairness and legality of discriminating
... non-residents, regardless of whether the debt is in local or foreign currency, whether it is issued at home or abroad. Conversely, domestic debt is debt by residents, regardless of whether the debt is in local or foreign currency, whether it is issued at home or abroad. So a Brady held by an Argent ...
... non-residents, regardless of whether the debt is in local or foreign currency, whether it is issued at home or abroad. Conversely, domestic debt is debt by residents, regardless of whether the debt is in local or foreign currency, whether it is issued at home or abroad. So a Brady held by an Argent ...
SOAH DOCKET NO. 473-00-1328 PUC DOCKET NO. 22532
... Prior to the issuance of 1998 U.S. Treasury Department regulations interpreting IRS private use restrictions1 and the implementation of open access transmission in Texas, San Antonio did not track bond issues by capital project or by business function. San Antonio’s historical practice has been to i ...
... Prior to the issuance of 1998 U.S. Treasury Department regulations interpreting IRS private use restrictions1 and the implementation of open access transmission in Texas, San Antonio did not track bond issues by capital project or by business function. San Antonio’s historical practice has been to i ...
This PDF is a selection from a published volume from... of Economic Research Volume Title: NBER International Seminar on Macroeconomics 2012
... Shock identification is beyond the scope of this paper, but future research could extend the list of possible candidate shocks that could trigger or, more importantly, lead to sovereign default situations. Currency overvaluation/undervaluation comes to mind. One could also investigate if troubles in ...
... Shock identification is beyond the scope of this paper, but future research could extend the list of possible candidate shocks that could trigger or, more importantly, lead to sovereign default situations. Currency overvaluation/undervaluation comes to mind. One could also investigate if troubles in ...
Debt Management Strategy for India Government of India Ministry of
... including monetary policy. The overall objective of the government debt management policy ...
... including monetary policy. The overall objective of the government debt management policy ...
Century Bonds: Issuance Motivations and Debt versus Equity
... The maturity of corporate bonds generally does not exceed 40 years. However, since Walt Disney & Co. and Coca-Cola Co. issued their 100-year bonds in 1993, a number of firms have followed suit to issue these extra long-term bonds with a maturity of 100 years. Since interest paid by a corporation on ...
... The maturity of corporate bonds generally does not exceed 40 years. However, since Walt Disney & Co. and Coca-Cola Co. issued their 100-year bonds in 1993, a number of firms have followed suit to issue these extra long-term bonds with a maturity of 100 years. Since interest paid by a corporation on ...
Job Description
... Implement and align credit policies and procedures for Malaysia in consultation with Regional Credit Control Manager and GM. Liaise with Sales Managers on credit control/customer issues; as well as with Customer Services, Sales Operation and Accounts receivables. ...
... Implement and align credit policies and procedures for Malaysia in consultation with Regional Credit Control Manager and GM. Liaise with Sales Managers on credit control/customer issues; as well as with Customer Services, Sales Operation and Accounts receivables. ...
Debt Overhang and Recapitalization in Closed and Open Economies
... efficient outcome to prevail when debt is held by a few large institutions. When bonds are dispersed, however, this solution is difficult to implement because it is never in the interest of a nonpivotal bond holder to accept the reduction in face value. By holding on to their original claim, a small ...
... efficient outcome to prevail when debt is held by a few large institutions. When bonds are dispersed, however, this solution is difficult to implement because it is never in the interest of a nonpivotal bond holder to accept the reduction in face value. By holding on to their original claim, a small ...
staff note for the g20: state-contingent debt instruments for sovereigns
... conventional instruments are not designed to guard against large negative shocks to repayment capacity or external liquidity crises. Foreign currency or commodity hedges and insurance against natural disasters are also commonly used by sovereigns, but these are subject to counterparty risk and offer ...
... conventional instruments are not designed to guard against large negative shocks to repayment capacity or external liquidity crises. Foreign currency or commodity hedges and insurance against natural disasters are also commonly used by sovereigns, but these are subject to counterparty risk and offer ...
Determinants of capital structure - Theoretical and Applied Economics
... The root of the modern capital structure theory arises from the seminal paper by Modigliani and Miller (1958) popularly termed as the MM theory. The MM theory states that, based on the assumptions of the an absence of brokerage, tax and bankruptcy costs, investors can borrow at the same rate as corp ...
... The root of the modern capital structure theory arises from the seminal paper by Modigliani and Miller (1958) popularly termed as the MM theory. The MM theory states that, based on the assumptions of the an absence of brokerage, tax and bankruptcy costs, investors can borrow at the same rate as corp ...
Jeffrey This N. Cooper
... and a loss of OW to the debtor, and a net loss to the creditor of D(l_Y). For debtors and creditors within a closed economy, 0 is generally near 1.0, since creditors can ...
... and a loss of OW to the debtor, and a net loss to the creditor of D(l_Y). For debtors and creditors within a closed economy, 0 is generally near 1.0, since creditors can ...
LIVING (DANGEROUSLY) WITHOUT A FISCAL UNION
... was a provision. Because a member state was prohibited from repaying another’s member state’s debt obligations, one possibility was that private creditors would bear losses and thus relieve some of the distressed country’s debt burden. But the framers of the Treaty viewed financial markets as fickle ...
... was a provision. Because a member state was prohibited from repaying another’s member state’s debt obligations, one possibility was that private creditors would bear losses and thus relieve some of the distressed country’s debt burden. But the framers of the Treaty viewed financial markets as fickle ...
Commercial real estate debt
... into four sectors (office, retail, industrial and residential) — each with different risk characteristics (see figure 5 for a breakdown of new CRE debt origination completed by sector in 2013). Within these sectors, three main types of facilities are typically found: • Investment facilities: CRE deb ...
... into four sectors (office, retail, industrial and residential) — each with different risk characteristics (see figure 5 for a breakdown of new CRE debt origination completed by sector in 2013). Within these sectors, three main types of facilities are typically found: • Investment facilities: CRE deb ...
New requirements for loss absorbing capacity: TLAC and MREL
... A significant phase-in is necessary Clarity is crucial. Investors need to know under what conditions they will assume losses The real test of the bail-in regime is practical application ...
... A significant phase-in is necessary Clarity is crucial. Investors need to know under what conditions they will assume losses The real test of the bail-in regime is practical application ...
NBER WORKING PAPER SERIES INDIVIDUAL VERSUS AGGREGATE COLLATERAL
... feature is that when the debt constraint is internalized the opportunity cost of funds is independent of the household’s debt position, even for levels of debt arbitrarily close to the ceiling. Only when the debt constraint is binding does the shadow cost of loans adjust upwards. The second theoreti ...
... feature is that when the debt constraint is internalized the opportunity cost of funds is independent of the household’s debt position, even for levels of debt arbitrarily close to the ceiling. Only when the debt constraint is binding does the shadow cost of loans adjust upwards. The second theoreti ...
Weighted Average Cost of Capital (WACC)
... decline over a given time period simply because of economic changes or other events that impact large portions of the market. Asset allocation and diversification can protect against undiversifiable risk because different portions of the market tend to underperform at different times. also called sy ...
... decline over a given time period simply because of economic changes or other events that impact large portions of the market. Asset allocation and diversification can protect against undiversifiable risk because different portions of the market tend to underperform at different times. also called sy ...
RISK AND PROFITABILITY AS CAPITAL STRUCTURE
... offer good collaterals, usually find relatively lower financial costs, which does not mean that they display higher leverage. Large companies, which have means to offer good collaterals, usually find relatively lower financial costs, which don’t mean that they have a high debt level. Besides these f ...
... offer good collaterals, usually find relatively lower financial costs, which does not mean that they display higher leverage. Large companies, which have means to offer good collaterals, usually find relatively lower financial costs, which don’t mean that they have a high debt level. Besides these f ...
V. Towards a financial stability
... other financial backstops; weaken the balance sheets of banks holding public debt; and reduce the scope for authorities to run countercyclical policies. The close two-way link between banks and public sector balance sheets also creates the potential for an adverse feedback loop. In this case, sovere ...
... other financial backstops; weaken the balance sheets of banks holding public debt; and reduce the scope for authorities to run countercyclical policies. The close two-way link between banks and public sector balance sheets also creates the potential for an adverse feedback loop. In this case, sovere ...
FASB Update Name of Event
... • Pushdown accounting is the practice of adjusting the stand-alone financial statements of an acquired entity (the “acquiree”) to reflect the accounting basis of the investor (or “acquirer”). • Such new basis is typically the fair value of the identifiable assets acquired and liabilities assumed. • ...
... • Pushdown accounting is the practice of adjusting the stand-alone financial statements of an acquired entity (the “acquiree”) to reflect the accounting basis of the investor (or “acquirer”). • Such new basis is typically the fair value of the identifiable assets acquired and liabilities assumed. • ...
THE DETERMINANTS OF CORPORATE CAPITAL STRUCTURE
... as the Modigliani-Miller Theory, explains that the value of a firm is unaffected by how that firm is financed. This simple theory is probably quite acceptable fifty years ago when the business environment and condition, especially the finance and capital market, was not as complex and as complicated ...
... as the Modigliani-Miller Theory, explains that the value of a firm is unaffected by how that firm is financed. This simple theory is probably quite acceptable fifty years ago when the business environment and condition, especially the finance and capital market, was not as complex and as complicated ...
Debt financing, soft budget constraints, and government
... PLCs have been modelled on an Anglo-American governance structure though government ownership is still prevalent in both PLCs and banks (see, for example, Tian and Estrin, 2006). According to China’s Securities Regulatory Commission, the government owns on average more than one third of all PLC shar ...
... PLCs have been modelled on an Anglo-American governance structure though government ownership is still prevalent in both PLCs and banks (see, for example, Tian and Estrin, 2006). According to China’s Securities Regulatory Commission, the government owns on average more than one third of all PLC shar ...