Macroeconomic Risk and Debt Overhang PRELIMINARY AND INCOMPLETE ∗ Hui Chen
... a one-period Arrow-Debreu security that pays $1 in state s is given by Qs . Since the marginal utility in the bad state is higher than the marginal utility in the good state, agents will pay more for consumption in the bad state than in the good state: QB > QG . For simplicity, we assume that the ri ...
... a one-period Arrow-Debreu security that pays $1 in state s is given by Qs . Since the marginal utility in the bad state is higher than the marginal utility in the good state, agents will pay more for consumption in the bad state than in the good state: QB > QG . For simplicity, we assume that the ri ...
Macquarie True Index Global Infrastructure Securities Fund
... Index provider risk: The Index provider may cease to publish the Index, increase the costs of using the Index or make other changes to the Index. In such situations, we may choose a replacement index for the Fund, cease providing True Indexing or terminate the Fund. Also, if the Index provider fails ...
... Index provider risk: The Index provider may cease to publish the Index, increase the costs of using the Index or make other changes to the Index. In such situations, we may choose a replacement index for the Fund, cease providing True Indexing or terminate the Fund. Also, if the Index provider fails ...
Shadow Fed Funds Rate
... those reflected in the Fed Fund Futures market. For example, the December dot plot median expects four 25 bp hikes to occur during 2016. For Institutional Investor use only. Not for use with the general public. Do not forward or distribute. ...
... those reflected in the Fed Fund Futures market. For example, the December dot plot median expects four 25 bp hikes to occur during 2016. For Institutional Investor use only. Not for use with the general public. Do not forward or distribute. ...
MACD BASED DOLLAR COST AVERAGING STRATEGY
... help the SET to enjoy greater stability. Hence, LTF investors who are ordinary persons will be entitled to tax benefits as investment motivators under the terms that they are required to hold the investment units for no less than five calendar years with no requirement for a full five accounting yea ...
... help the SET to enjoy greater stability. Hence, LTF investors who are ordinary persons will be entitled to tax benefits as investment motivators under the terms that they are required to hold the investment units for no less than five calendar years with no requirement for a full five accounting yea ...
`New specialist sources of capital for the social
... The UK social investment market is continuing to develop and grow, surpassing £200m in value for the first time in 2011/12. With this growth comes a corresponding need for finance, and concerns that a lack of appropriate finance ‐ particularly risk finance in the short term ‐ may pose a barrier to ...
... The UK social investment market is continuing to develop and grow, surpassing £200m in value for the first time in 2011/12. With this growth comes a corresponding need for finance, and concerns that a lack of appropriate finance ‐ particularly risk finance in the short term ‐ may pose a barrier to ...
NATIONAL ASSEMBLY SOCIALIST REPUBLIC OF VIETNAM
... goods to be used for investment activities; directly or on a consignment basis export and distribute their products in accordance with the import/export legislation. 2. Take initiative in To advertiseing and marketing their products and services and directly enter into advertising contracts with tho ...
... goods to be used for investment activities; directly or on a consignment basis export and distribute their products in accordance with the import/export legislation. 2. Take initiative in To advertiseing and marketing their products and services and directly enter into advertising contracts with tho ...
Morningstar High Growth Real Return
... nominated Australian bank, building society or credit 'Investment in and redeeming from the Fund’ union account. (including restrictions on withdrawals and Special distributions may be declared outside of these times where it is necessary to preserve equity between investors. Your distributions will ...
... nominated Australian bank, building society or credit 'Investment in and redeeming from the Fund’ union account. (including restrictions on withdrawals and Special distributions may be declared outside of these times where it is necessary to preserve equity between investors. Your distributions will ...
Policy Space to Prevent and Mitigate Financial Crises in - G-24
... Economists usually differentiate between capital controls on capital inflows and controls on outflows. Moreover, measures are usually categorized as being “price-based” or “quantity-based” controls. Table 2 lists examples of controls on inflows and outflows, though sometimes the distinction can be m ...
... Economists usually differentiate between capital controls on capital inflows and controls on outflows. Moreover, measures are usually categorized as being “price-based” or “quantity-based” controls. Table 2 lists examples of controls on inflows and outflows, though sometimes the distinction can be m ...
Reproductive investment when mate quality varies: differential
... reproduction or somatic maintenance. We assume females may facultatively allocate energetic resources towards offspring production at a given reproductive attempt and that these decisions may optimally maximize the expected lifetime reproductive success. We divide time during the reproductive lifeti ...
... reproduction or somatic maintenance. We assume females may facultatively allocate energetic resources towards offspring production at a given reproductive attempt and that these decisions may optimally maximize the expected lifetime reproductive success. We divide time during the reproductive lifeti ...
Foreign Direct Investment Promotion: Using Advertising to Change
... The purpose of this research is to examine how advertising influences managerial perceptions of countries as a place to build, establish, or purchase a business in foreign locations. Principles from John Dunning’s OLI theory frame the discussion. Using an online survey method, we exposed managers wi ...
... The purpose of this research is to examine how advertising influences managerial perceptions of countries as a place to build, establish, or purchase a business in foreign locations. Principles from John Dunning’s OLI theory frame the discussion. Using an online survey method, we exposed managers wi ...
TiSA factsheet - European Commission - Trade Websites
... TiSA. Rather, the objective is to tackle discrimination that currently prevents service suppliers from operating in another TiSA Party. This means that TiSA will not affect rules that all service providers have to meet, whether foreign or domestic, such as measures in place to: • Protect public heal ...
... TiSA. Rather, the objective is to tackle discrimination that currently prevents service suppliers from operating in another TiSA Party. This means that TiSA will not affect rules that all service providers have to meet, whether foreign or domestic, such as measures in place to: • Protect public heal ...
ALLAN GRAY BALANCED FUND
... had the opportunity to invest a substantial sum of money in Barclays Group Africa (BGA) when Barclays PLC – the UK-domiciled parent company – decided to sell a large chunk of its shareholding in BGA. At the time of our investment, BGA’s dividend yield (7.8%) was marginally higher than its PE ratio ( ...
... had the opportunity to invest a substantial sum of money in Barclays Group Africa (BGA) when Barclays PLC – the UK-domiciled parent company – decided to sell a large chunk of its shareholding in BGA. At the time of our investment, BGA’s dividend yield (7.8%) was marginally higher than its PE ratio ( ...
Dyadic military conflict, security alliances, and bilateral
... that since ‘‘many host country officials and citizens do not distinguish between the interests of the US government and those of US direct foreign investors,’’ investors watch closely for events of inter- and intra-nation cooperation or conflict. These events provide valuable information on the busi ...
... that since ‘‘many host country officials and citizens do not distinguish between the interests of the US government and those of US direct foreign investors,’’ investors watch closely for events of inter- and intra-nation cooperation or conflict. These events provide valuable information on the busi ...
CEE Investment Report 2016
... enterprise of preparing the document. Skanska, one of the leading construction and development companies in the world, is the top constructor and vendor of office buildings in CEE. JLL is the world’s leading real estate consulting company. Dentons is the world’s largest law firm with a team of more th ...
... enterprise of preparing the document. Skanska, one of the leading construction and development companies in the world, is the top constructor and vendor of office buildings in CEE. JLL is the world’s leading real estate consulting company. Dentons is the world’s largest law firm with a team of more th ...
Listed vs Unlisted rgc - RARE Infrastructure Limited
... supply / demand imbalances. This has the potential to create valuation bubbles and troughs (and indeed current evidence is that we are still trending downwards from a large bubble). For investors with both listed and direct infrastructure this offers the opportunity to create additional returns thro ...
... supply / demand imbalances. This has the potential to create valuation bubbles and troughs (and indeed current evidence is that we are still trending downwards from a large bubble). For investors with both listed and direct infrastructure this offers the opportunity to create additional returns thro ...
doc
... the rate at which the PPF curve shifts out is a function of choice of consumption/saving (producer /consumer goods) today; at the steady-state equilibrium choice of producer goods and consumer goods, capital is created at the rate it wears out – the PPF will not shift out if this point is chosen; if ...
... the rate at which the PPF curve shifts out is a function of choice of consumption/saving (producer /consumer goods) today; at the steady-state equilibrium choice of producer goods and consumer goods, capital is created at the rate it wears out – the PPF will not shift out if this point is chosen; if ...
- IBSU Journal
... Georgian legislation provides for substantial protection of foreign investors – the Law on Promotion and Guarantees of Investment states that no kind of legislation adopted after the investment will affect the investor’s conditions for up to ten years. Expropriation of investment, according to the l ...
... Georgian legislation provides for substantial protection of foreign investors – the Law on Promotion and Guarantees of Investment states that no kind of legislation adopted after the investment will affect the investor’s conditions for up to ten years. Expropriation of investment, according to the l ...
Implementing the Golden Rule for Public Investment in Europe
... As the Euro area economy is still far away from recovery and seems to be on the verge of deflationary stagnation, the insight of both the public and policy makers as to the necessity of a macroeconomic policy change has increased, recently. The calls for a more expansionary fiscal stance, above all ...
... As the Euro area economy is still far away from recovery and seems to be on the verge of deflationary stagnation, the insight of both the public and policy makers as to the necessity of a macroeconomic policy change has increased, recently. The calls for a more expansionary fiscal stance, above all ...
Focus your aim - JP Morgan Asset Management
... investment advancement to date has been the introduction of professionally managed target date funds and other types of qualified default investment alternatives (QDIAs), which simplify the asset allocation process into one efficient investment choice. Given the expanding body of research illustrati ...
... investment advancement to date has been the introduction of professionally managed target date funds and other types of qualified default investment alternatives (QDIAs), which simplify the asset allocation process into one efficient investment choice. Given the expanding body of research illustrati ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... This theoretical literature and the insight it provides may help to explain why neoclassical investment theory has so far failed to provide good empirical models of investment behavior and has led to overly optimistic forecasts of the effectiveness of interest rate and tax policies in stimulating in ...
... This theoretical literature and the insight it provides may help to explain why neoclassical investment theory has so far failed to provide good empirical models of investment behavior and has led to overly optimistic forecasts of the effectiveness of interest rate and tax policies in stimulating in ...
Why expenses matter - Charles Schwab Investment Management
... The values of the funds will fluctuate up to and after the target dates. There is no guarantee the funds will provide adequate income at or through retirement. Source: Schwab Center for Financial Research. The investment adviser and its affiliates have agreed to limit the total annual fund operat ...
... The values of the funds will fluctuate up to and after the target dates. There is no guarantee the funds will provide adequate income at or through retirement. Source: Schwab Center for Financial Research. The investment adviser and its affiliates have agreed to limit the total annual fund operat ...
Guidance Note 1/05 - Central Bank of Ireland
... UCITS adopts a tactical asset allocation strategy with high frequency portfolio adjustments, this should be disclosed); - An indication of the strategy to be followed in the case of index tracking UCITS. Where the UCITS may have exposure to a single issuer in excess of 10% of net assets, as permitte ...
... UCITS adopts a tactical asset allocation strategy with high frequency portfolio adjustments, this should be disclosed); - An indication of the strategy to be followed in the case of index tracking UCITS. Where the UCITS may have exposure to a single issuer in excess of 10% of net assets, as permitte ...
Compulsory Alternative Dispute Resolution and Voluntarism: Two
... vindication of one's position through an orderly procedure and rational decision subject to appellate review.' Others question whether compulsory ADR really fulfills its promise of cost savings to the judicial system.' These issues will be discussed further, after an overview of ADR in the courts to ...
... vindication of one's position through an orderly procedure and rational decision subject to appellate review.' Others question whether compulsory ADR really fulfills its promise of cost savings to the judicial system.' These issues will be discussed further, after an overview of ADR in the courts to ...
View/Open
... developing countries. They performed an econometric model based in panel data analysis for 38 developing countries (including transition economies) for the 1975-2000 period. They argue that FDI is correlated with level of schooling, economy’s degree of openness, risk and variables related to macroec ...
... developing countries. They performed an econometric model based in panel data analysis for 38 developing countries (including transition economies) for the 1975-2000 period. They argue that FDI is correlated with level of schooling, economy’s degree of openness, risk and variables related to macroec ...
Business Angels in Germany
... 1.3 Importance of Business Angels in Europe and the US The data included below must be interpreted with caution, indeed those providing the data themselves advise caution in using it. The European data comes from the European Business Angel Network (EBAN), and the US data comes from the Angel Capita ...
... 1.3 Importance of Business Angels in Europe and the US The data included below must be interpreted with caution, indeed those providing the data themselves advise caution in using it. The European data comes from the European Business Angel Network (EBAN), and the US data comes from the Angel Capita ...