NBER WORKING PAPER SERIES RISKS OF AN ECONOMY
... Discretionary expenditures may become especially significant in situations of high fiscal revenue such as windfalls from oil or natural resources. Under stress situations, the government maintains the non-discretionary expenditures and cuts the discretionary expenditures. Under these assumptions, we ...
... Discretionary expenditures may become especially significant in situations of high fiscal revenue such as windfalls from oil or natural resources. Under stress situations, the government maintains the non-discretionary expenditures and cuts the discretionary expenditures. Under these assumptions, we ...
Incorporation of financial ratios into prudential definition of assets
... of collateral. To illustrate, under IAS 39 the asset is deemed to be impaired if loss event (or events) has an impact on the estimated future cash flows, taking collateral into account. Conversely, prudential definition of default loans stipulates that such loans shall present a risk of not being pa ...
... of collateral. To illustrate, under IAS 39 the asset is deemed to be impaired if loss event (or events) has an impact on the estimated future cash flows, taking collateral into account. Conversely, prudential definition of default loans stipulates that such loans shall present a risk of not being pa ...
The Importance of Asset Management
... first significant step in the financial industry towards a truly pan-European single market. The European asset management industry is today highly regulated and secure. Among other features, asset management companies are not allowed to trade for their own account. Hence, they do not generate any s ...
... first significant step in the financial industry towards a truly pan-European single market. The European asset management industry is today highly regulated and secure. Among other features, asset management companies are not allowed to trade for their own account. Hence, they do not generate any s ...
The Economic Value of Timing Higher Order (Co
... o Many utility functions can be expressed either exactly or approximately in terms of mean and variance o Furthermore, regardless of the investor's utility function, if returns are normally distributed, the mean and variance contain all relevant information about the distribution o The square root o ...
... o Many utility functions can be expressed either exactly or approximately in terms of mean and variance o Furthermore, regardless of the investor's utility function, if returns are normally distributed, the mean and variance contain all relevant information about the distribution o The square root o ...
Why Closing the Racial Wealth Gap is a Priority for National
... reached record levels. For every dollar in wealth held by Whites, African Americans and Latinos held only 5 and 6 cents respectively. In the recovery period, the disparity remains nearly unchanged as African Americans and Latinos now hold only 6 and 7 cents each for every dollar of wealth held ...
... reached record levels. For every dollar in wealth held by Whites, African Americans and Latinos held only 5 and 6 cents respectively. In the recovery period, the disparity remains nearly unchanged as African Americans and Latinos now hold only 6 and 7 cents each for every dollar of wealth held ...
Racial/Ethnic Disparities in Risky Asset Ownership
... Given the importance of investments in the risky assets in contributing to wealth differences between different racial/ethnic groups, many studies focus on the ownership of risky assets and its relationship with race (Haliassos & Bertaut, 1995; Plath & Stevenson, 2000; Coleman, 2003). For instance, ...
... Given the importance of investments in the risky assets in contributing to wealth differences between different racial/ethnic groups, many studies focus on the ownership of risky assets and its relationship with race (Haliassos & Bertaut, 1995; Plath & Stevenson, 2000; Coleman, 2003). For instance, ...
Financial Statements Mott Community College Flint, Michigan
... Statement of Revenues, Expenses and Changes in Net Assets The Statement of Revenues, Expenses and Changes in Net Assets provides the overall results of the College’s operations. It includes all funds of the College except for activities of Agency Funds. Revenues and expenses are recorded and recogni ...
... Statement of Revenues, Expenses and Changes in Net Assets The Statement of Revenues, Expenses and Changes in Net Assets provides the overall results of the College’s operations. It includes all funds of the College except for activities of Agency Funds. Revenues and expenses are recorded and recogni ...
- TestbankU
... budget is more likely to detect future cash flow shortages so that they may be prepared for in advance, which may allow for deferring or accelerating payments/income to another month. Also, an accurate budget presents a clearer picture of progress made toward economic goals. A personal balance sheet ...
... budget is more likely to detect future cash flow shortages so that they may be prepared for in advance, which may allow for deferring or accelerating payments/income to another month. Also, an accurate budget presents a clearer picture of progress made toward economic goals. A personal balance sheet ...
Practical Applications of Post Modern Portfolio Theory
... mutual funds offer a basket of professionally managed and diversified securities, they also have significant problems, including high fees, hidden costs, uncertainty of holdings and uncertainty of taxes. When investors diversify their investments by putting their money in one or several mutual funds ...
... mutual funds offer a basket of professionally managed and diversified securities, they also have significant problems, including high fees, hidden costs, uncertainty of holdings and uncertainty of taxes. When investors diversify their investments by putting their money in one or several mutual funds ...
Trends in and structure of the overall capital stock
... The size and composition of the overall capital stock are of major importance for an economy. The stock of production facilities not only constitutes a major part of a nation's assets; in addition, it largely determines that country's economic capacity and labour productivity. As a factor of product ...
... The size and composition of the overall capital stock are of major importance for an economy. The stock of production facilities not only constitutes a major part of a nation's assets; in addition, it largely determines that country's economic capacity and labour productivity. As a factor of product ...
M02_MADURA_4e_IM_C02
... from selling the stock for more than you paid for it. Mutual funds sell shares to individuals and invest the proceeds in an overall portfolio of investment instruments. They are professionally managed and require minimal investments. Return comes from an overall increase in the value of the portfoli ...
... from selling the stock for more than you paid for it. Mutual funds sell shares to individuals and invest the proceeds in an overall portfolio of investment instruments. They are professionally managed and require minimal investments. Return comes from an overall increase in the value of the portfoli ...
Three Types of Accounting Policies Reflected in Financial
... business must be conceived in light of future business and businessman's responsibility is not only profit but also stability of the economic entity. It must be respect the principle of business continuity, and business development too. Another set of accounting policies will be based on no strategy ...
... business must be conceived in light of future business and businessman's responsibility is not only profit but also stability of the economic entity. It must be respect the principle of business continuity, and business development too. Another set of accounting policies will be based on no strategy ...
ch 4 financial study
... Liabilities are obligations the company has to outside parties. Liabilities represent others' rights to the company's money or services. Examples include bank loans, debts to suppliers and debts to employees. Shareholders' equity is the value of a business to its owners after all of its obligati ...
... Liabilities are obligations the company has to outside parties. Liabilities represent others' rights to the company's money or services. Examples include bank loans, debts to suppliers and debts to employees. Shareholders' equity is the value of a business to its owners after all of its obligati ...
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.