Weekend Effect of Stock Returns in the Indian Market
... example, a holiday on a Monday, as shown in the second row, will increase the expected return on the Thursday 3y (as opposed to 2y in the holiday free week) since the settlement period of Thursday will be five days. This is three days more than its previous trading day (Wednesday) which will have a ...
... example, a holiday on a Monday, as shown in the second row, will increase the expected return on the Thursday 3y (as opposed to 2y in the holiday free week) since the settlement period of Thursday will be five days. This is three days more than its previous trading day (Wednesday) which will have a ...
Assessment of the VP settlement system
... on the trade date and more than 98 per cent on the following day. Failure to match trades immediately is most likely due to indirect, foreignbased participants who take longer to report trades. The benchmark for when to report trades is higher for trades between direct participants than for trades w ...
... on the trade date and more than 98 per cent on the following day. Failure to match trades immediately is most likely due to indirect, foreignbased participants who take longer to report trades. The benchmark for when to report trades is higher for trades between direct participants than for trades w ...
The Swedish fiscal policy framework
... are not liable to prevent net lending from returning to a level in line with the surplus target when resource utilisation normalizes. Experience illustrates that once certain temporary measures of stabilisation policy have been introduced, it can be politically difficult to reverse them. Such measur ...
... are not liable to prevent net lending from returning to a level in line with the surplus target when resource utilisation normalizes. Experience illustrates that once certain temporary measures of stabilisation policy have been introduced, it can be politically difficult to reverse them. Such measur ...
2 0 0 6 / 0 7 A... O F C L E A R I... A N D S E T T L... F A C I L I T I E S
... of how well CS facilities have complied with Financial Stability Standards determined by the Bank, along with information on developments in clearing and settlement and any changes in the Financial Stability Standards themselves that have occurred during the reporting period. Under the Corporations ...
... of how well CS facilities have complied with Financial Stability Standards determined by the Bank, along with information on developments in clearing and settlement and any changes in the Financial Stability Standards themselves that have occurred during the reporting period. Under the Corporations ...
The Response of Stock Market Volatility to Futures
... variables of interest cannot be included in a typical monetary VAR as this would entail estimating a large number of parameters and leads to degrees of freedom problems. Embedding the monetary policy shocks as an exogenous variable in the VAR thus circumvents the need to estimate a large VAR model i ...
... variables of interest cannot be included in a typical monetary VAR as this would entail estimating a large number of parameters and leads to degrees of freedom problems. Embedding the monetary policy shocks as an exogenous variable in the VAR thus circumvents the need to estimate a large VAR model i ...
Impact of Dividend Policy on Market Capitalization of Firms Listed in
... from 2005 to 2014 of companies listed in automobile assembler sector of Karachi stock exchange was gathered. Sample size of the study was determined by randomly selecting five companies from the respective sector. Dividend policy is kept as an independent variable which is measured through dividend ...
... from 2005 to 2014 of companies listed in automobile assembler sector of Karachi stock exchange was gathered. Sample size of the study was determined by randomly selecting five companies from the respective sector. Dividend policy is kept as an independent variable which is measured through dividend ...
Market-Consistent Valuations of Life Insurance Business
... Insurers can use risk-free rates and asset volatilities, deduced from market prices, to help calibrate the model they are using. However, we can see that there are differences between firms in their modelling, because each insurer has to report what its model produces for specimen put option prices. ...
... Insurers can use risk-free rates and asset volatilities, deduced from market prices, to help calibrate the model they are using. However, we can see that there are differences between firms in their modelling, because each insurer has to report what its model produces for specimen put option prices. ...
Lessons from a Century of Fed Policy
... However, a persistent departure of inflation above trend causes anxieties because people wonder where a new trend might be established. Investors worry about how much of an inflation premium to demand in interest rates; businesses worry about how aggressively to price in order to ...
... However, a persistent departure of inflation above trend causes anxieties because people wonder where a new trend might be established. Investors worry about how much of an inflation premium to demand in interest rates; businesses worry about how aggressively to price in order to ...
best execution policy
... Order means an instruction to buy or sell a financial an equity market product which is accepted by VTL for execution and which gives rise to contractual or agency obligations to you. Implicit in the instruction received will be the understanding that you are relying on VTL to protect your interests ...
... Order means an instruction to buy or sell a financial an equity market product which is accepted by VTL for execution and which gives rise to contractual or agency obligations to you. Implicit in the instruction received will be the understanding that you are relying on VTL to protect your interests ...
Discussion Document 92 (v 8) Assessment of Group Solvency
... be performed through different channels using regulated or non-regulated entities. The assessment of capital adequacy on a group-wide basis should adjust for forms of intra-group transactions, including internal participation structures and intra-group transfers of capital and risks. For the separat ...
... be performed through different channels using regulated or non-regulated entities. The assessment of capital adequacy on a group-wide basis should adjust for forms of intra-group transactions, including internal participation structures and intra-group transfers of capital and risks. For the separat ...
Monetary and Macroprudential Policy Rules in a Model with House
... up credit growth and house prices. We …nd that using a macroprudential instrument designed speci…cally to dampen credit market cycles is also useful, but that policy mistakes are possible. In particular, when …nancial or housing demand shocks drive the credit and housing boom, using a macroprudentia ...
... up credit growth and house prices. We …nd that using a macroprudential instrument designed speci…cally to dampen credit market cycles is also useful, but that policy mistakes are possible. In particular, when …nancial or housing demand shocks drive the credit and housing boom, using a macroprudentia ...
The Federal Reserve`s Framework for Monetary Policy
... central bank aims to achieve them. The second is the tool or set of tools that the central bank uses to foster those goals. The third is the strategy that the central bank uses when employing its tools, and the final component is the range of communications methods that the central bank uses to con ...
... central bank aims to achieve them. The second is the tool or set of tools that the central bank uses to foster those goals. The third is the strategy that the central bank uses when employing its tools, and the final component is the range of communications methods that the central bank uses to con ...
Time-Consistent Fiscal Policy in a Debt Crisis - e
... which the government lacks commitment to all of its instruments, in which there is feedback from the policy instruments to the state of the economy and which features concerns about inequality and redistribution. Recessions are modeled as the result of productivity slowdowns but also of fiscal polic ...
... which the government lacks commitment to all of its instruments, in which there is feedback from the policy instruments to the state of the economy and which features concerns about inequality and redistribution. Recessions are modeled as the result of productivity slowdowns but also of fiscal polic ...
Time-Consistent Fiscal Policy in a Debt Crisis
... which the government lacks commitment to all of its instruments, in which there is feedback from the policy instruments to the state of the economy and which features concerns about inequality and redistribution. Recessions are modeled as the result of productivity slowdowns but also of fiscal polic ...
... which the government lacks commitment to all of its instruments, in which there is feedback from the policy instruments to the state of the economy and which features concerns about inequality and redistribution. Recessions are modeled as the result of productivity slowdowns but also of fiscal polic ...
Here - Connecticut Insurance Law Journal
... teaches that people should not buy insurance for small value losses. Second, the market should not in the long run permit sellers to charge prices that greatly exceed the cost of providing the insurance. Combining the insights of the Gabaix and Laibson shrouded pricing model with the behavioral econ ...
... teaches that people should not buy insurance for small value losses. Second, the market should not in the long run permit sellers to charge prices that greatly exceed the cost of providing the insurance. Combining the insights of the Gabaix and Laibson shrouded pricing model with the behavioral econ ...
The Dynamic Effects of Forward Guidance Shocks Brent Bundick A. Lee Smith ∗
... The vector of structural shocks is: εt = ε01,t , ε02,t . We order our policy variable last, which identifies a forward guidance shock ε2,t as the change in expected future policy rates that is orthogonal to current activity and prices. In addition, our identifying assumptions implies that the macroe ...
... The vector of structural shocks is: εt = ε01,t , ε02,t . We order our policy variable last, which identifies a forward guidance shock ε2,t as the change in expected future policy rates that is orthogonal to current activity and prices. In addition, our identifying assumptions implies that the macroe ...
Changes in Ownership Structure
... demutualization, foremost among these being the access to capital hypothesis, in order to shed light on possible motivations for the demutualization activity. On the basis of an empirical analysis of financial statement variables, this study discusses expropriation and policyholder rights as they re ...
... demutualization, foremost among these being the access to capital hypothesis, in order to shed light on possible motivations for the demutualization activity. On the basis of an empirical analysis of financial statement variables, this study discusses expropriation and policyholder rights as they re ...
AMICE response to EIOPA Consultation on the review of specific
... terms or to recalculate the SCR using a more accurate method in order to demonstrate that the difference between the result of the chosen method and the result of a more accurate method is immaterial. It is often difficult to assess the exact error induced by the proposed simplification since it is ...
... terms or to recalculate the SCR using a more accurate method in order to demonstrate that the difference between the result of the chosen method and the result of a more accurate method is immaterial. It is often difficult to assess the exact error induced by the proposed simplification since it is ...
NBER WORKING PAPER MARKETS AND PLANNING
... with a shorter planning horizon relative to the public sector because of life-time uncertainty. An important characteristic of country risk is that the opposite presumption may apply - because of political uncertainty, the effective planning horizon of the centralized government may be shorter than ...
... with a shorter planning horizon relative to the public sector because of life-time uncertainty. An important characteristic of country risk is that the opposite presumption may apply - because of political uncertainty, the effective planning horizon of the centralized government may be shorter than ...
The Relationship between Ownership Structure and Dividend Policy
... Despite these results, other research did not find a relationship between foreign shareholders and dividend policy. Manos [28] studied the ownership structure and its relationship on dividend policy in 661 non-financial companies listed on the Bombay Stock Exchange in India. The author used the cost ...
... Despite these results, other research did not find a relationship between foreign shareholders and dividend policy. Manos [28] studied the ownership structure and its relationship on dividend policy in 661 non-financial companies listed on the Bombay Stock Exchange in India. The author used the cost ...
International relations and domestic structures: Foreign economic
... traditional concerns of students of international politics that both sets of literature should be relevant... As interdependence blurs the distinction between domestic and international politics in some settings, the two fields become more relevant to each other."2 And in his recent reflections on c ...
... traditional concerns of students of international politics that both sets of literature should be relevant... As interdependence blurs the distinction between domestic and international politics in some settings, the two fields become more relevant to each other."2 And in his recent reflections on c ...
Central Bank Talk: Does It Matter and Why? Introduction
... Of course, the financial variables considered may also be significantly affected by a number of other factors, including macroeconomic data releases. Some of those data releases took place on the days of monetary policy surprises, thus affecting the volatility of the financial variables on those day ...
... Of course, the financial variables considered may also be significantly affected by a number of other factors, including macroeconomic data releases. Some of those data releases took place on the days of monetary policy surprises, thus affecting the volatility of the financial variables on those day ...
Managing the consequences of macroeconomic and (geo
... At the same time, we believe that financial markets can offer agents tools to protect their assets from macroeconomic and macrofinancial risk, through options, swaps and derivatives. Such tools allow agents to directly exchange or trade their respective risks. Reinsurance companies, however, should ...
... At the same time, we believe that financial markets can offer agents tools to protect their assets from macroeconomic and macrofinancial risk, through options, swaps and derivatives. Such tools allow agents to directly exchange or trade their respective risks. Reinsurance companies, however, should ...
US Quantitative Easing and the Global Monetary Policymaking
... This paper empirically analyzes how the US Quantitative Easing (QE) affects the economic and financial condition of the US economy, the other advanced, and emerging economies; and whether it alters monetary policymaking in non-US economies. This research question brings about an important implicatio ...
... This paper empirically analyzes how the US Quantitative Easing (QE) affects the economic and financial condition of the US economy, the other advanced, and emerging economies; and whether it alters monetary policymaking in non-US economies. This research question brings about an important implicatio ...
Fully Insured Plans: A Viable Retirement Plan Solution
... increase in compensation or a plan amendment must be funded on a level basis from the valuation date on which the increase occurs to normal retirement date. The requirement that all contracts must be in the same series is to avoid manipulation of deductions and value. [Treas. Reg. § 1.401(a)(4)-3(b) ...
... increase in compensation or a plan amendment must be funded on a level basis from the valuation date on which the increase occurs to normal retirement date. The requirement that all contracts must be in the same series is to avoid manipulation of deductions and value. [Treas. Reg. § 1.401(a)(4)-3(b) ...