Chapter 1
... 15. Financial assets make it easy for large firms to raise capital to finance their investments in real assets. If General Motors, for example, could not issue stocks or bonds to the general public, it would have a far more difficult time raising capital. Contraction of the supply of financial asse ...
... 15. Financial assets make it easy for large firms to raise capital to finance their investments in real assets. If General Motors, for example, could not issue stocks or bonds to the general public, it would have a far more difficult time raising capital. Contraction of the supply of financial asse ...
386-387 Financial Maintenance
... expense is $540). In this instance, the A/R is asked to explain and document the way in which food, clothing and incidental expenses are met. It is possible that these expenses have been met from accumulated resources or the generosity of friends or relatives. If so, the A/R is asked to document thi ...
... expense is $540). In this instance, the A/R is asked to explain and document the way in which food, clothing and incidental expenses are met. It is possible that these expenses have been met from accumulated resources or the generosity of friends or relatives. If so, the A/R is asked to document thi ...
Assessment of alternative international monetary regimes
... The United States is the centre country of the International Monetary System The United States is the world banker: US issues short-term low-risk assets (T-bills) US invests in high risk foreign assets (foreign equity and direct investment) Earns excess returns on its external position: “exorbitant ...
... The United States is the centre country of the International Monetary System The United States is the world banker: US issues short-term low-risk assets (T-bills) US invests in high risk foreign assets (foreign equity and direct investment) Earns excess returns on its external position: “exorbitant ...
International asset recovery
International asset recovery is any effort by governments to repatriate the proceeds of corruption hidden in foreign jurisdictions. Such assets may include monies in bank accounts, real estate, vehicles, arts and artifacts, and precious metals. As defined under the United Nations Convention against Corruption, asset recovery refers to recovering the proceeds of corruption, rather than broader terms such as asset confiscation or asset forfeiture which refer to recovering the proceeds or instrumentalities of crime in general.Often used to emphasize the ‘multi-jurisdictional’ or ‘cross-border’ aspects of a corruption investigation, international asset recovery includes numerous processes such as the tracing, freezing, confiscation, and repatriation of proceeds stored in foreign jurisdictions, thus ""making it one of the most complex projects in the field of law"". Even considering the difficulties present, Africa specialist Daniel Scher counters that international asset recovery's ""potential rewards in developing countries make it a highly attractive undertaking"".Despite domestic legislation in some countries allowing for the confiscation and forfeiture of proceeds of corruption, it is improvements in finance, transportation, and communications technologies in the 20th century that have made it easier for corrupt leaders and other “Politically Exposed Persons’ to conceal massive amounts of stolen wealth in offshore financial centers.By taking advantage of differences in legal systems, the high costs in coordinating investigations, lack of international cooperation, and bank secrecy in some recipient countries, corrupt officials have been able to preserve much of their loot overseas.