the icsa international qualifying scheme
... The role of the Chartered Secretary necessitates an understanding of many financial aspects which might, otherwise, be seen as being within the sole remit of the finance director of an organisation. As capital markets grow in diversity and globalisation increases, Chartered Secretaries will increasi ...
... The role of the Chartered Secretary necessitates an understanding of many financial aspects which might, otherwise, be seen as being within the sole remit of the finance director of an organisation. As capital markets grow in diversity and globalisation increases, Chartered Secretaries will increasi ...
Integration versus Interdependence and Complexity in Global Trade
... shift from bilateral trade agreements to a multilateral system. Imports had to be licensed and the clearing system required dollars or gold for payment. This was terminated in December 1958 with the restoration of current account convertibility. The re-industrialisation of Europe and Japan saw a pro ...
... shift from bilateral trade agreements to a multilateral system. Imports had to be licensed and the clearing system required dollars or gold for payment. This was terminated in December 1958 with the restoration of current account convertibility. The re-industrialisation of Europe and Japan saw a pro ...
Chapter 13
... Financial capital or liquidityfunds that pass through the capital market Unlike real production capital (machines used to produce products), financial capital can take any shape Funds flow from lenders to borrowers, who then turn that financial capital into the investments they imagine (Blueprints, ...
... Financial capital or liquidityfunds that pass through the capital market Unlike real production capital (machines used to produce products), financial capital can take any shape Funds flow from lenders to borrowers, who then turn that financial capital into the investments they imagine (Blueprints, ...
Discussion of Oulton and Srinivasan (O-S)
... The irony of the paper is that they reject wealth criteria but then implicitly impose a wealth criterion when endorsing geometric depreciation The right criterion: one-hoss shay with a ...
... The irony of the paper is that they reject wealth criteria but then implicitly impose a wealth criterion when endorsing geometric depreciation The right criterion: one-hoss shay with a ...
TCP Capital Corp. Receives Investment Grade Ratings from
... TCP Capital Corp. (NASDAQ: TCPC) is a specialty finance company focused on performing credit lending to middle-market companies as well as small businesses. TCPC lends primarily to companies with established market positions, strong regional or national operations, differentiated products and servic ...
... TCP Capital Corp. (NASDAQ: TCPC) is a specialty finance company focused on performing credit lending to middle-market companies as well as small businesses. TCPC lends primarily to companies with established market positions, strong regional or national operations, differentiated products and servic ...
Monthly Percentage Returns: Pro
... The percentage returns shown for the Alder Global 20 program are pro forma returns. They are derived from the actual trading returns of the program, are net of trading costs, include interest income based on the rate of interest available on a fully-funded account denominated in €, are adjusted for ...
... The percentage returns shown for the Alder Global 20 program are pro forma returns. They are derived from the actual trading returns of the program, are net of trading costs, include interest income based on the rate of interest available on a fully-funded account denominated in €, are adjusted for ...
Pacific Basin Working Paper Series CAPITAL CONTROLS AND EXCHANGE RATE INSTABILITY
... that “…the relative absence of contagion effect on Chile [during the currency crises of the 1990s] is due to its sturdy banking regulation and not to its capital controls policy” (p. 22). This finding is supported by Edwards’ (1989) analysis of the role of capital controls in thirty-nine devaluation ...
... that “…the relative absence of contagion effect on Chile [during the currency crises of the 1990s] is due to its sturdy banking regulation and not to its capital controls policy” (p. 22). This finding is supported by Edwards’ (1989) analysis of the role of capital controls in thirty-nine devaluation ...
Slide 1
... This figure summarizes investments per GDP for funds focused at the seed, early and expansion stage investments relative to GDP by all types of investors for all industries in select US states and Canadian provinces, January 2004 – December 2008. Data source: Thompson Financial SDC VentureXpert. ...
... This figure summarizes investments per GDP for funds focused at the seed, early and expansion stage investments relative to GDP by all types of investors for all industries in select US states and Canadian provinces, January 2004 – December 2008. Data source: Thompson Financial SDC VentureXpert. ...
Chapter17
... of return exceeds the cost of capital. For a firm under rate-of-return regulation, if the permitted rate of return is set above the cost of capital (or the required rate of return), the firm will over-invest; conversely, if the permitted rate is set below the cost of capital, the firm will ...
... of return exceeds the cost of capital. For a firm under rate-of-return regulation, if the permitted rate of return is set above the cost of capital (or the required rate of return), the firm will over-invest; conversely, if the permitted rate is set below the cost of capital, the firm will ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... and interest rate policies in the advanced countries affect capital flows to the emerging countries. In their empirical analysis they look in detail at the behavior of capital flows to a large number of developing countries. They consider the period 1970–99 and concentrate on six groups of countries. ...
... and interest rate policies in the advanced countries affect capital flows to the emerging countries. In their empirical analysis they look in detail at the behavior of capital flows to a large number of developing countries. They consider the period 1970–99 and concentrate on six groups of countries. ...
MELLON CAPITAL MANAGEMENT CORPORATION Fund Manager
... achieved through the use of highly-liquid currency forward contracts and ensures the strategy’s returns are not influenced by movements in overseas currency exchange rates. The currency hedge is then reset at regular intervals to adjust for market movements or cashflows and ensures a fully-hedged po ...
... achieved through the use of highly-liquid currency forward contracts and ensures the strategy’s returns are not influenced by movements in overseas currency exchange rates. The currency hedge is then reset at regular intervals to adjust for market movements or cashflows and ensures a fully-hedged po ...
THE CENTRAL BANK OF THE REPUBLIC OF TURKEY
... speculative inflows will lead to greater exchange rate stability. Also, the tax will stop the moral hazard problems created by government gurantees given to prevent the banks from going bankcrupt, by making speculation costly which will stop banks from taking excessive risks, since currency speculat ...
... speculative inflows will lead to greater exchange rate stability. Also, the tax will stop the moral hazard problems created by government gurantees given to prevent the banks from going bankcrupt, by making speculation costly which will stop banks from taking excessive risks, since currency speculat ...
East African Community Common Market Protocol
... By signing the East African Community (EAC) Common Market Protocol in 2010, Tanzania and the other EAC Partner States committed to strengthen and integrate their financial markets. Deeper financial integration would help them mobilize additional capital, raise the amount and productivity of investme ...
... By signing the East African Community (EAC) Common Market Protocol in 2010, Tanzania and the other EAC Partner States committed to strengthen and integrate their financial markets. Deeper financial integration would help them mobilize additional capital, raise the amount and productivity of investme ...
Responding to Financial Crisis With or Without IMF : ... Analysis of State – Capital Relations
... Even in those accounts which would not identify ‘cronyism’ among the factors contributing to the Asian crisis, the loss of embedded autonomy would be regretted. More worryingly, the transition to democratic regimes in countries such as Thailand or South Korea would be seen as falsifying ‘the propos ...
... Even in those accounts which would not identify ‘cronyism’ among the factors contributing to the Asian crisis, the loss of embedded autonomy would be regretted. More worryingly, the transition to democratic regimes in countries such as Thailand or South Korea would be seen as falsifying ‘the propos ...
Capital Controls and Monetary Policy in Developing Countries
... the developing world were more than 6.5 times as big as they were in 2003; yet, in 2008 these flows were at less than half their 2007 level. Short-term debt flows, which almost quadrupled between 2003 and 2007, turned negative in 2008 (see table 2). The latest report of the Institute of Internationa ...
... the developing world were more than 6.5 times as big as they were in 2003; yet, in 2008 these flows were at less than half their 2007 level. Short-term debt flows, which almost quadrupled between 2003 and 2007, turned negative in 2008 (see table 2). The latest report of the Institute of Internationa ...
"Capital Account Liberalization
... is used not only for outright legal prohibition, i.e. in cases when the law completely prohibits a certain transaction, but also when quantitative restrictions are imposed, and even in the cases when, for a given transaction, approval from an authority such as the central bank is required. At this p ...
... is used not only for outright legal prohibition, i.e. in cases when the law completely prohibits a certain transaction, but also when quantitative restrictions are imposed, and even in the cases when, for a given transaction, approval from an authority such as the central bank is required. At this p ...
natural capital
... • Explanation: the poor “cannot afford to emphasize amenities over material well-being. … increased pollution is regarded as an acceptable side effect of economic growth.” When income goes up, “people give greater attention to environmental amenities.” (e.g. “environmental legislation, new instituti ...
... • Explanation: the poor “cannot afford to emphasize amenities over material well-being. … increased pollution is regarded as an acceptable side effect of economic growth.” When income goes up, “people give greater attention to environmental amenities.” (e.g. “environmental legislation, new instituti ...
Real exchange rate appreciation in the emerging countries
... Box 2: Oil economies and the "Dutch disease" The concept of the Dutch disease emerged in the 1970s, following the discovery of natural gas in the Netherlands in the 1960s. It refers in general to an environment in which a rent-generating situation ultimately damages an economy's productive system. ...
... Box 2: Oil economies and the "Dutch disease" The concept of the Dutch disease emerged in the 1970s, following the discovery of natural gas in the Netherlands in the 1960s. It refers in general to an environment in which a rent-generating situation ultimately damages an economy's productive system. ...
Did the Indian capital controls work as a tool of macroeconomic
... Restrictions on cross-border transactions were first introduced in India as a wartime measure by the British in 1942. These grew into a complex framework of restrictions on the current and capital account, where violations were treated as a criminal offense. Following a structural adjustment program ...
... Restrictions on cross-border transactions were first introduced in India as a wartime measure by the British in 1942. These grew into a complex framework of restrictions on the current and capital account, where violations were treated as a criminal offense. Following a structural adjustment program ...
Document
... Course Description This course explores the core theoretical aspects of modern corporate finance which is grounded in the unifying valuation framework based on the Law of One Price. The course examines essential tools in corporate finance from the perspective of financial managers of a corporation f ...
... Course Description This course explores the core theoretical aspects of modern corporate finance which is grounded in the unifying valuation framework based on the Law of One Price. The course examines essential tools in corporate finance from the perspective of financial managers of a corporation f ...
Controls of capitals in emergent economies
... contribute to reduce the volatility of external debt (as a ratio of GDP) to exogenous shocks, but amplifies the effects of these shocks over the level of capacity utilization. In this context, desirability of capital controls is conditional to society’s preferences over capacity utilization and exte ...
... contribute to reduce the volatility of external debt (as a ratio of GDP) to exogenous shocks, but amplifies the effects of these shocks over the level of capacity utilization. In this context, desirability of capital controls is conditional to society’s preferences over capacity utilization and exte ...
Garrison Lect-1. 1 Capital Theory
... If we burn through the casing of the Knightian Black Box, we see the Hayekian temporal structure of capital that allows for differential interest-rate sensitivity and hence reveals the market mechanism that tailors production plans to intertemporal preferences. If interest rates are telling the trut ...
... If we burn through the casing of the Knightian Black Box, we see the Hayekian temporal structure of capital that allows for differential interest-rate sensitivity and hence reveals the market mechanism that tailors production plans to intertemporal preferences. If interest rates are telling the trut ...
THE GLOBAL CAPITAL MARKET: BENEFACTOR OR MENACE? Maurice Obstfeld 6559
... Both international lending institutions led by the International Monetary Fund, and national governments including those of the United States, Japan, and the European Union, joined in the policy response. The U.S. Federal Reserve, headed for monetary tightening in the fall of 1997, postponed its mov ...
... Both international lending institutions led by the International Monetary Fund, and national governments including those of the United States, Japan, and the European Union, joined in the policy response. The U.S. Federal Reserve, headed for monetary tightening in the fall of 1997, postponed its mov ...
“Emerging Economies: Now and Next” Tan Teng Boo
... The Reform Era (1978) To reverse the declining trend of its economy, China, under the leadership of Deng Xiaoping, launched its reform programmes in 1978. When the initial reform measures proved tremendously successful, other reform programmes were introduced. Endless pragmatic reforms over th ...
... The Reform Era (1978) To reverse the declining trend of its economy, China, under the leadership of Deng Xiaoping, launched its reform programmes in 1978. When the initial reform measures proved tremendously successful, other reform programmes were introduced. Endless pragmatic reforms over th ...
A How to Prevent Another Crisis Country Report: Thailand *
... expectations. The liberalization of financial institutions is an equally controversial issue. Given that domestic financial institutions are not adequately prepared or experienced, the question is whether they should be liberalized, since liberalization can easily bring about more risks. But once th ...
... expectations. The liberalization of financial institutions is an equally controversial issue. Given that domestic financial institutions are not adequately prepared or experienced, the question is whether they should be liberalized, since liberalization can easily bring about more risks. But once th ...