The time has come: Let's shut down the financial casino
... the background of the financial crash in East Asia. In the meantime, we have witnessed other crises triggered by financial markets: in Russia, Brazil, Turkey, Argentina and the burst of the “New Economy” bubble in 2001. At present, the rich world is in the middle of a crisis, which is the heaviest s ...
... the background of the financial crash in East Asia. In the meantime, we have witnessed other crises triggered by financial markets: in Russia, Brazil, Turkey, Argentina and the burst of the “New Economy” bubble in 2001. At present, the rich world is in the middle of a crisis, which is the heaviest s ...
PART I
... Box 1: A Tale of Two Bank Collapses: Bank of New England and Freedom National Bank Restrictions on Asset Holdings and Bank Capital Requirements Box 2: The Basle Accord on Risk-based Capital Requirements Bank Supervision: Chartering and Examination New Trend in Bank Supervision: Assessment of Risk Ma ...
... Box 1: A Tale of Two Bank Collapses: Bank of New England and Freedom National Bank Restrictions on Asset Holdings and Bank Capital Requirements Box 2: The Basle Accord on Risk-based Capital Requirements Bank Supervision: Chartering and Examination New Trend in Bank Supervision: Assessment of Risk Ma ...
external-threats-to-financial-inclusion
... vulnerable households may be partly explained by demand side problems such as low awareness and affordability. But there are clearly supply side issues too. Generally, financial services business models have tended to be based on assumptions that households can look forward to employment security, s ...
... vulnerable households may be partly explained by demand side problems such as low awareness and affordability. But there are clearly supply side issues too. Generally, financial services business models have tended to be based on assumptions that households can look forward to employment security, s ...
The financial Crisis Powerpoint
... • Mortgage Bankers, banks, and Savings and Loans began making loans to people who could not afford them: – No money down, financing 100% of the cost. – No Documentation of income: (People were even encouraged to lie, because mortgage bankers get paid (an incentive) when they make loans, whether they ...
... • Mortgage Bankers, banks, and Savings and Loans began making loans to people who could not afford them: – No money down, financing 100% of the cost. – No Documentation of income: (People were even encouraged to lie, because mortgage bankers get paid (an incentive) when they make loans, whether they ...
Slide 1
... This presentation is for professional investors, professional advisers and other financial institutions only and should not be provided to or relied upon by private investors. This presentation should not be distributed to any third parties. The Fund should be viewed as an investment suitable only f ...
... This presentation is for professional investors, professional advisers and other financial institutions only and should not be provided to or relied upon by private investors. This presentation should not be distributed to any third parties. The Fund should be viewed as an investment suitable only f ...
ECON330/FSMA 330 – FINANCIAL MARKETS AND INSTITUTIONS BUSINESS DEPARTMENT
... CATALOG DESCRIPTION: This course provides an understanding of financial markets and financial institutions that operate within the financial markets. It introduces the financial markets where flow of funds occur through financial markets instruments, such as bonds, money markets, mortgage markets, f ...
... CATALOG DESCRIPTION: This course provides an understanding of financial markets and financial institutions that operate within the financial markets. It introduces the financial markets where flow of funds occur through financial markets instruments, such as bonds, money markets, mortgage markets, f ...
Sovereign debt crisis and banking system stress Financial Stability
... Sovereign debt crisis and banking system stress • The European Central Bank decided to provide unlimited, collateralized three-year liquidity to banks and to widen the range of eligible collateral. • Governments in several countries, notably Italy, Ireland, Portugal, Greece and Spain, have set in t ...
... Sovereign debt crisis and banking system stress • The European Central Bank decided to provide unlimited, collateralized three-year liquidity to banks and to widen the range of eligible collateral. • Governments in several countries, notably Italy, Ireland, Portugal, Greece and Spain, have set in t ...
From Emerging Trend to Developed Solution: the Global Rise of
... With rapidly growing economies, increasingly sophisticated technology and growing political and business power in areas such as Asia, the Middle East and Africa, the lines between ‘emerging’ and ‘developed’ regions are becoming increasingly blurred. This applies especially to the corporate funding l ...
... With rapidly growing economies, increasingly sophisticated technology and growing political and business power in areas such as Asia, the Middle East and Africa, the lines between ‘emerging’ and ‘developed’ regions are becoming increasingly blurred. This applies especially to the corporate funding l ...
This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: Quantifying Systemic Risk
... the chapter is silent on the interaction among large banks, the nonlinear feedback effect, and the identification of individual institutions that are systemically important. Two Approaches to Systemic Risk There is a long tradition in the empirical macroeconomics literature (see, e.g., Bernanke, Gert ...
... the chapter is silent on the interaction among large banks, the nonlinear feedback effect, and the identification of individual institutions that are systemically important. Two Approaches to Systemic Risk There is a long tradition in the empirical macroeconomics literature (see, e.g., Bernanke, Gert ...
Simplicity in the financial sector
... culture’ as a separate aspect in its risk assessment of institutions. In a clear, open environment, employees should have the interests of their clients at heart. And having a prudent mindset will also make it easier for them to be transparent. For simpler institutions, regulation and supervision c ...
... culture’ as a separate aspect in its risk assessment of institutions. In a clear, open environment, employees should have the interests of their clients at heart. And having a prudent mindset will also make it easier for them to be transparent. For simpler institutions, regulation and supervision c ...
Chapter 2 - Journal of Knowledge Globalization
... share of financial instruments was represented by debt (Milesi-Ferretti 2007). In view of this exponential financial globalization that produced a wealth effect disconnected from the real economy, it should have become clear that it was too big and factice in order not to fail. In September 2008, to ...
... share of financial instruments was represented by debt (Milesi-Ferretti 2007). In view of this exponential financial globalization that produced a wealth effect disconnected from the real economy, it should have become clear that it was too big and factice in order not to fail. In September 2008, to ...
The European Savings Banks Group (ESBG)
... Interest Representation Importance of Lobbying at European level - 80% of legislation related to the banking sector comes from the EU - 3 horizontal banking associations in Brussels - ESBG only one raising profile of ALL its members, since ...
... Interest Representation Importance of Lobbying at European level - 80% of legislation related to the banking sector comes from the EU - 3 horizontal banking associations in Brussels - ESBG only one raising profile of ALL its members, since ...
Financial Management
... Financial Management The financial management program is designed to provide both a sound theoretical and a conceptual framework for financial managers. Special emphasis is placed on growth and diversification policies, evaluation and management of securities portfolios, investment banking and merge ...
... Financial Management The financial management program is designed to provide both a sound theoretical and a conceptual framework for financial managers. Special emphasis is placed on growth and diversification policies, evaluation and management of securities portfolios, investment banking and merge ...
bank financing and economic stability: an
... The question being addressed by this paper concerns the proven vulnerability of the real sector of the economy to convulsions in the financial sector. While admitting that some adjustment to the present system might reduce the transmission of instability, the question considered is whether there is ...
... The question being addressed by this paper concerns the proven vulnerability of the real sector of the economy to convulsions in the financial sector. While admitting that some adjustment to the present system might reduce the transmission of instability, the question considered is whether there is ...
2010-09-10 MFR interview with Vince Reinhart_1
... As a nation, we over-subsidize housing, we want housing to be important, we made housing an important sector, we subsidize the GSEs, and we’re happy about securitization of housingrelated products because it seemed to further foster that national goal. What you also want to remember is the internati ...
... As a nation, we over-subsidize housing, we want housing to be important, we made housing an important sector, we subsidize the GSEs, and we’re happy about securitization of housingrelated products because it seemed to further foster that national goal. What you also want to remember is the internati ...
By Robert C Merton, John and Natty McArthur
... Harvard Business School. After receiving a PhD in economics from Massachusetts Institute of Technology in 1970, he served on the finance faculty of MIT’s Sloan School of ...
... Harvard Business School. After receiving a PhD in economics from Massachusetts Institute of Technology in 1970, he served on the finance faculty of MIT’s Sloan School of ...
Financial Literacy Notes
... To successfully advance through financial life stages, a consumer must create, establish and maintain credit worthiness. Disciplined consumers borrow within their means at favorable terms and responsibly repay debt. 19. Credit is a contractual agreement in which a borrower receives something of valu ...
... To successfully advance through financial life stages, a consumer must create, establish and maintain credit worthiness. Disciplined consumers borrow within their means at favorable terms and responsibly repay debt. 19. Credit is a contractual agreement in which a borrower receives something of valu ...
Financial Crisis and the Serbian Economy
... Domestic financial institutions without substantial exposure to the U.S. sub-prime mortgage-linked toxic assets. Low direct exchange rate risk exposure in the banking sector Local banking system with a strong liquidity position reflected by sizeable reserves with central bank. ...
... Domestic financial institutions without substantial exposure to the U.S. sub-prime mortgage-linked toxic assets. Low direct exchange rate risk exposure in the banking sector Local banking system with a strong liquidity position reflected by sizeable reserves with central bank. ...
Doing Business in Mexico_ICC BC Meeting Slides
... Projected domestic credit in 2050 ($ trillion: at constant 2004 prices) ...
... Projected domestic credit in 2050 ($ trillion: at constant 2004 prices) ...
Financialization of the global economy
... special investment vehicles (SIVs) which issued their own low-interest short-term securities in order to mobilize the funds for investing in these higher yielding but riskier debt derivatives, thereby profiting from the difference. These markets have since mushroomed; aggregate issuance in the globa ...
... special investment vehicles (SIVs) which issued their own low-interest short-term securities in order to mobilize the funds for investing in these higher yielding but riskier debt derivatives, thereby profiting from the difference. These markets have since mushroomed; aggregate issuance in the globa ...
Repurchase Agreements (Repo) - International Islamic Financial
... • An initial margin is given to the supplier of cash in the transaction. The market value of the collateral is reduced (or given a “haircut”) by the amount of margin when determining the value of cash lent out • Size of the margin depends upon the credit quality of the counterparty, term of the repo ...
... • An initial margin is given to the supplier of cash in the transaction. The market value of the collateral is reduced (or given a “haircut”) by the amount of margin when determining the value of cash lent out • Size of the margin depends upon the credit quality of the counterparty, term of the repo ...
CLOs, CDOs and the Search for High Yield
... Whilst considerable care has been taken to ensure the information contained within is accurate and up-to-date, no warranty is given as to the accuracy or completeness of any information and no liability is accepted for any errors or omissions in such information or any action taken on the basis of t ...
... Whilst considerable care has been taken to ensure the information contained within is accurate and up-to-date, no warranty is given as to the accuracy or completeness of any information and no liability is accepted for any errors or omissions in such information or any action taken on the basis of t ...