The Expectations Theory of the Term Structure and Short
... that, in equilibrium, the expected returns from different investment strategies with the same horizon should be equal. ...
... that, in equilibrium, the expected returns from different investment strategies with the same horizon should be equal. ...
Non-Owner-Occupancy Misrepresentation and Loan Default
... loans originated over the 2005 to 2007 period that are reported as having no second liens in BlackBox (a 51.41% reduction). For the analysis of owner-occupancy misreporting (see Section II for discussion of owner-occupancy misrepresentation), this results in a sample of 1,563,223 mortgages, down fro ...
... loans originated over the 2005 to 2007 period that are reported as having no second liens in BlackBox (a 51.41% reduction). For the analysis of owner-occupancy misreporting (see Section II for discussion of owner-occupancy misrepresentation), this results in a sample of 1,563,223 mortgages, down fro ...
Location Efficient Mortgages: Is the Rationale
... underpins LEMs—location efficiency reduces default risk—stands on its own. ...
... underpins LEMs—location efficiency reduces default risk—stands on its own. ...
Country Spreads and Emerging Countries: Who Drives Whom?
... spreads, the world interest rate, and business cycles in emerging countries. We do so using a methodology that combines empirical and theoretical analysis. We begin by estimating a VAR system that includes measures of the world interest rate, the country interest rate, and a number of domestic macro ...
... spreads, the world interest rate, and business cycles in emerging countries. We do so using a methodology that combines empirical and theoretical analysis. We begin by estimating a VAR system that includes measures of the world interest rate, the country interest rate, and a number of domestic macro ...
Interest Rate and Business Cycles in a Credit Constrained Small Open Economy
... world by holding net foreign liabilities - a typical feature of SOE models. Second, the stock of net liabilities is endogenously governed and constrained by the accumulating capital stock. The latter works as collateral in the sense of Kiyotaki and Moore (1997). Third, the economy’s representative ...
... world by holding net foreign liabilities - a typical feature of SOE models. Second, the stock of net liabilities is endogenously governed and constrained by the accumulating capital stock. The latter works as collateral in the sense of Kiyotaki and Moore (1997). Third, the economy’s representative ...
Primer on Proposed New Regulatory Capital Framework
... Based on the new framework, the Company estimates that Genworth Canada’s pro forma MCT ratio as at June 30, 2016 would have been in the range of 153% to 156%. Under the new framework, the Company holds approximately $125 million above the OSFI Supervisory MCT Target. In addition, the Company holds $ ...
... Based on the new framework, the Company estimates that Genworth Canada’s pro forma MCT ratio as at June 30, 2016 would have been in the range of 153% to 156%. Under the new framework, the Company holds approximately $125 million above the OSFI Supervisory MCT Target. In addition, the Company holds $ ...
NBER WORKING PAPER SERIES SOME ESTIMATES FOR OECD COUNTRIES
... We examine the effects of Þscal policy on interest rates in a broad panel of 16 OECD countries covering a maximum time span from 1960 to 2002. The results indicate statistically and economically signiÞcant effects of Þscal imbalances on long-term interest rates. In our preferred speciÞcation, a one pe ...
... We examine the effects of Þscal policy on interest rates in a broad panel of 16 OECD countries covering a maximum time span from 1960 to 2002. The results indicate statistically and economically signiÞcant effects of Þscal imbalances on long-term interest rates. In our preferred speciÞcation, a one pe ...
Pre-Sale Fitch - The Paragon Group of Companies
... the capital structure provided as of 18 June 2015. These expected ratings are contingent on final documents conforming to information already received and no deviation in the default and recovery levels of the final closing pool a Tranche thickness percentage - ratio of class size to collateral bala ...
... the capital structure provided as of 18 June 2015. These expected ratings are contingent on final documents conforming to information already received and no deviation in the default and recovery levels of the final closing pool a Tranche thickness percentage - ratio of class size to collateral bala ...
Money Demand, the Equilibrium Interest Rate, and Monetary Policy
... 10% interest and hold it for a year, then decide to sell it. In the meantime, interest rates have risen and a similar bond now offers 12% a year. Could I sell my bond for $1000? No, because why would anyone buy it when he or she could spend the same amount on a new bond and earn higher interest, I w ...
... 10% interest and hold it for a year, then decide to sell it. In the meantime, interest rates have risen and a similar bond now offers 12% a year. Could I sell my bond for $1000? No, because why would anyone buy it when he or she could spend the same amount on a new bond and earn higher interest, I w ...
Debt Management for Recipients of Financial Aid
... much you must pay each month to pay off your loan over a certain number of years. • If you have a “level payment plan” you will pay the same amount each month until your loan is paid off. Your lender probably offers other payment plans that allow you to pay a lower amount each month for the first fe ...
... much you must pay each month to pay off your loan over a certain number of years. • If you have a “level payment plan” you will pay the same amount each month until your loan is paid off. Your lender probably offers other payment plans that allow you to pay a lower amount each month for the first fe ...
