Market conditions, default risk and credit spreads
... (2005)). It is a rare instance to combine these two data sources. Our CreditTrade dataset spans from June 1997 to March 2006, and our GFI dataset covers the period between January 2002 and November 2006.4 In this study, we use CDS prices for non-sovereign US corporate bond issuers denominated in US ...
... (2005)). It is a rare instance to combine these two data sources. Our CreditTrade dataset spans from June 1997 to March 2006, and our GFI dataset covers the period between January 2002 and November 2006.4 In this study, we use CDS prices for non-sovereign US corporate bond issuers denominated in US ...
banco safra sa - Safra Net Banking
... belief to macroeconomic policy, constructing a “model” (an imaginary world) in which monetary tightening: 1. Makes the inflation rate “converge” to any “target” at the desired speed; 2. In the longer run makes the economy grow in line with “potential GDP”; 3. Brings down unemployment to a level comp ...
... belief to macroeconomic policy, constructing a “model” (an imaginary world) in which monetary tightening: 1. Makes the inflation rate “converge” to any “target” at the desired speed; 2. In the longer run makes the economy grow in line with “potential GDP”; 3. Brings down unemployment to a level comp ...
BANKS` ACQUISITION OF PRIVATE INFORMATION ABOUT
... firms have more restrictive financial covenants and shorter maturity than loans made to nonrestating borrowers. These findings are consistent with the proposition that banks acquire relevant information correlated with financial misreporting by their clients and tailor their loan terms accordingly. ...
... firms have more restrictive financial covenants and shorter maturity than loans made to nonrestating borrowers. These findings are consistent with the proposition that banks acquire relevant information correlated with financial misreporting by their clients and tailor their loan terms accordingly. ...
The Researches on the Financing Difficulties and Improved Method
... and lending offices at small banks, management of small banks can grant loan officers more discretion in the lending process. Besides small banks and community banks are more likely to have private information about potential borrower because of proximity and personal relationships between bankers a ...
... and lending offices at small banks, management of small banks can grant loan officers more discretion in the lending process. Besides small banks and community banks are more likely to have private information about potential borrower because of proximity and personal relationships between bankers a ...
Quarterly Bulletin - Winter 2002
... There are a number of factors which may currently be impacting on house prices — easy credit conditions along with the expectations of a further easing, which has now been confirmed, as well as the reversal, in the 2002 Budget, of some earlier tax measures designed to discourage investors from the r ...
... There are a number of factors which may currently be impacting on house prices — easy credit conditions along with the expectations of a further easing, which has now been confirmed, as well as the reversal, in the 2002 Budget, of some earlier tax measures designed to discourage investors from the r ...
EXIDE TECHNOLOGIES
... Item 1.01 Entry into a Material Definitive Agreement. Exide Technologies, a debtor and a debtor-in-possession (the "Company" or the "Debtor") in a pending case in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") under Chapter 11 of the United States Bankruptcy ...
... Item 1.01 Entry into a Material Definitive Agreement. Exide Technologies, a debtor and a debtor-in-possession (the "Company" or the "Debtor") in a pending case in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") under Chapter 11 of the United States Bankruptcy ...
CMBS Subordination, Ratings Inflation, and Regulatory
... the actual size of the AAA tranche in each deal was almost always larger than the model suggested, by an average of over 12% but in many cases much more. They are unable to explain these adjustments using variables related to default risk, and find that the average size of the adjustments increased ...
... the actual size of the AAA tranche in each deal was almost always larger than the model suggested, by an average of over 12% but in many cases much more. They are unable to explain these adjustments using variables related to default risk, and find that the average size of the adjustments increased ...
Monetary policy issues in a low inflation
... asks the following questions: To what extent are the public's attitudes towards price stability relative to other economic objectives -like unemployment- likely to change over time? How can the effectiveness of monetary policy change as a result of the non linearities associated with the zero bound ...
... asks the following questions: To what extent are the public's attitudes towards price stability relative to other economic objectives -like unemployment- likely to change over time? How can the effectiveness of monetary policy change as a result of the non linearities associated with the zero bound ...
Norges Bank. Inflation Report 1/2006
... economy have to accept somewhat greater variability in inflation and deviations from the target, as we have witnessed over the past two-three years. Low inflation implies that monetary policy should continue to be expansionary. However, monetary policy must gradually shift to a less expansionary sta ...
... economy have to accept somewhat greater variability in inflation and deviations from the target, as we have witnessed over the past two-three years. Low inflation implies that monetary policy should continue to be expansionary. However, monetary policy must gradually shift to a less expansionary sta ...
332 - Consumer credit and payment cards (PDF: 1010.6 Kb)
... network providers. All agents are risk neutral. Banks are considered to play the role of payment network providers. As in Bolt and Chakravorti (2008) and Bolt and Schmiedel (2011), we use a three party network. In other words, we combine the issuing bank and the acquiring bank into a single network ...
... network providers. All agents are risk neutral. Banks are considered to play the role of payment network providers. As in Bolt and Chakravorti (2008) and Bolt and Schmiedel (2011), we use a three party network. In other words, we combine the issuing bank and the acquiring bank into a single network ...
THE LINK BETWEEN DEFAULT AND RECOVERY RATES
... that the recovery rate depend on individual features like collateral or seniority, which do not respond to systematic factors. During the past decade an increased number of studies have been dedicated to the subject of recovery rate estimation and the association between default and recovery rates. ...
... that the recovery rate depend on individual features like collateral or seniority, which do not respond to systematic factors. During the past decade an increased number of studies have been dedicated to the subject of recovery rate estimation and the association between default and recovery rates. ...
ACCA F9 Workbook Questions 1
... 1. What 5 things will a company consider when choosing a source of finance? 2. What is the primary function of the stock market? 3. What are the advantages to the company of being listed? 4. Are there any disadvantages of being listed? 5. A company has 10m shares in issue at a share price of $7 and ...
... 1. What 5 things will a company consider when choosing a source of finance? 2. What is the primary function of the stock market? 3. What are the advantages to the company of being listed? 4. Are there any disadvantages of being listed? 5. A company has 10m shares in issue at a share price of $7 and ...
The Community Reinvestment Act, Bank
... Large banks—those with total assets of $250 million or more or that are affiliates of holding companies with assets of $1 billion or more—are evaluated in three areas: lending, investment, and service. Lending. When evaluating a bank's lending activities and the borrowers it reaches, examiners analy ...
... Large banks—those with total assets of $250 million or more or that are affiliates of holding companies with assets of $1 billion or more—are evaluated in three areas: lending, investment, and service. Lending. When evaluating a bank's lending activities and the borrowers it reaches, examiners analy ...