Impact of the current economic and financial crisis on potential output
... "catching-up" stage of development. The total cumulated loss in levels is estimated to be over 5% of potential output in EU8. The fall in potential growth in a majority of the Member States is driven by large increases in structural unemployment, by substantially reduced contributions from capital a ...
... "catching-up" stage of development. The total cumulated loss in levels is estimated to be over 5% of potential output in EU8. The fall in potential growth in a majority of the Member States is driven by large increases in structural unemployment, by substantially reduced contributions from capital a ...
Competition in the Cryptocurrency Market
... in illegal goods. On 2 October 2013, the U.S. government shut down the largest website involved in that activity. (In the process, the FBI received about 1.5% of all Bitcoins in circulation at the time.) Despite the U.S. government action, Bitcoin prices continued to climb, partly because the curren ...
... in illegal goods. On 2 October 2013, the U.S. government shut down the largest website involved in that activity. (In the process, the FBI received about 1.5% of all Bitcoins in circulation at the time.) Despite the U.S. government action, Bitcoin prices continued to climb, partly because the curren ...
NBER WORKING PAPER SERIES INDIA’S EXPERIENCE WITH CAPITAL FLOWS: CURRENT ACCOUNT DEFICIT
... Through these policy initiatives, gross flows on the capital account grew from 15% of GDP in 1992-93 to 20% of GDP in 2003-04, along with sharp changes in the composition of flows. In 2003-04, gross portfolio flows amounted to as much as 7% of GDP. The growth of the capital account, and the shift to ...
... Through these policy initiatives, gross flows on the capital account grew from 15% of GDP in 1992-93 to 20% of GDP in 2003-04, along with sharp changes in the composition of flows. In 2003-04, gross portfolio flows amounted to as much as 7% of GDP. The growth of the capital account, and the shift to ...
Debt, Recovery Rates and the Greek Dilemma - Eureka
... more forgiving would be more than matched by longer-term higher returns from their remaining investments in Greece, and an overall lower volatility of German consumption (welfare). We, nevertheless, implicitly assume that the Greek economy operates below its potential output and, hence additional in ...
... more forgiving would be more than matched by longer-term higher returns from their remaining investments in Greece, and an overall lower volatility of German consumption (welfare). We, nevertheless, implicitly assume that the Greek economy operates below its potential output and, hence additional in ...
Types and Institutions of Instalment Credit
... which explain why it was first developed by special institutions other than the already existing short-term credit agencies that supply producer credit. First, in the consumer instalment credit business the operating costs per loan and per dollar loaned are very high as compared with those of produc ...
... which explain why it was first developed by special institutions other than the already existing short-term credit agencies that supply producer credit. First, in the consumer instalment credit business the operating costs per loan and per dollar loaned are very high as compared with those of produc ...
PDF
... may be used (of course) to estimate consistently the elements of covariance matrix of disturbance” (Greene 2000). In addition, if working with a panel data, we may use statistical classification to reduce computing size while keeping similarities within each class. Under the approach, individual age ...
... may be used (of course) to estimate consistently the elements of covariance matrix of disturbance” (Greene 2000). In addition, if working with a panel data, we may use statistical classification to reduce computing size while keeping similarities within each class. Under the approach, individual age ...
This PDF is a selection from an out-of-print volume from... of Economic Research Volume Title: Consumer Instalment Credit and Economic Fluctuations
... which explain why it was first developed by special institutions other than the already existing short-term credit agencies that supply producer credit. First, in the consumer instalment credit business the operating costs per loan and per dollar loaned are very high as compared with those of produc ...
... which explain why it was first developed by special institutions other than the already existing short-term credit agencies that supply producer credit. First, in the consumer instalment credit business the operating costs per loan and per dollar loaned are very high as compared with those of produc ...
Moving from measurements to improvement File
... to low-cost solutions like process and policy interventions and rehabilitation of existing infrastructure rather than concentrating only on creation of new assets. ...
... to low-cost solutions like process and policy interventions and rehabilitation of existing infrastructure rather than concentrating only on creation of new assets. ...
Off the Cliff and Back? Credit Conditions and ∗ Davin Chor
... and sudden collapse in international trade in the last quarter of 2008, world trade flows are projected to decline by up to 9% in 2009.1 This exceeds the anticipated loss of 6% in industrial output and 2.5% in income per capita.2 The contraction in exports has been particularly acute for small open ...
... and sudden collapse in international trade in the last quarter of 2008, world trade flows are projected to decline by up to 9% in 2009.1 This exceeds the anticipated loss of 6% in industrial output and 2.5% in income per capita.2 The contraction in exports has been particularly acute for small open ...
Real Effects of Inflation through the Redistribution
... lose during this episode, and what economic effects would arise? We answer these questions in three steps. First, we document nominal asset and liability positions in the U.S. economy for various groups of households, as well as the government and foreign sectors. Second, we estimate the redistribut ...
... lose during this episode, and what economic effects would arise? We answer these questions in three steps. First, we document nominal asset and liability positions in the U.S. economy for various groups of households, as well as the government and foreign sectors. Second, we estimate the redistribut ...
Ralph C. Bryant* CRR WP 2007-8 Released: April 2007
... other agents whose current-period income falls short of their spending draw funds out of the reservoir, borrowing to finance their excess spending. The existence of the reservoir permits the saving and investment decisions of individual economic agents to be taken independently even though, when me ...
... other agents whose current-period income falls short of their spending draw funds out of the reservoir, borrowing to finance their excess spending. The existence of the reservoir permits the saving and investment decisions of individual economic agents to be taken independently even though, when me ...
International Financial Reporting Standard 13 Fair Value
... Fair value is a market-based measurement, not an entity-specific measurement. For some assets and liabilities, observable market transactions or market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. Howe ...
... Fair value is a market-based measurement, not an entity-specific measurement. For some assets and liabilities, observable market transactions or market information might be available. For other assets and liabilities, observable market transactions and market information might not be available. Howe ...
The Impact of the Financial Crisis on Emerging Asia
... plummeted. Even after a rise of 42 percent in 2009, the cumulative decline in a popular index of emerging‐market equities (the MSCI.EM) is similar (26 percent) to the decline in the S&P 500 index for US equities (29 percent). The Institute for International Finance (IIF, 2009) projects a furth ...
... plummeted. Even after a rise of 42 percent in 2009, the cumulative decline in a popular index of emerging‐market equities (the MSCI.EM) is similar (26 percent) to the decline in the S&P 500 index for US equities (29 percent). The Institute for International Finance (IIF, 2009) projects a furth ...
Form 10-K GENERAL ELECTRIC CAPITAL SERVICES INC/CT
... our lending and leasing operations is based on price, that is, interest rates and fees, as well as deal structure and terms. More recently, competition has been affected by disruption in the capital markets, access to and availability of capital and a reduced number of competitors. Profitability is ...
... our lending and leasing operations is based on price, that is, interest rates and fees, as well as deal structure and terms. More recently, competition has been affected by disruption in the capital markets, access to and availability of capital and a reduced number of competitors. Profitability is ...
The Relationship Between The Use Of The C`S Of Credit And The
... even though the business persons save with the commercial banks. Moreover, the costs associated with administering and monitoring credit services are quite high. The loan value required by clients in this sector is low hence proportionately low revenues generated from the loans. ...
... even though the business persons save with the commercial banks. Moreover, the costs associated with administering and monitoring credit services are quite high. The loan value required by clients in this sector is low hence proportionately low revenues generated from the loans. ...
Click here for PDF - University Blog Service
... Pauwels et al. 2004), and customer relationship management (e.g., Anderson, Fomeil, and Mazvancheryl 2004). However, there are few insights into the relationship between distribution strategy, a key aspect of a firm's marketing strategy, and its value. An exception to this, however, is the work of B ...
... Pauwels et al. 2004), and customer relationship management (e.g., Anderson, Fomeil, and Mazvancheryl 2004). However, there are few insights into the relationship between distribution strategy, a key aspect of a firm's marketing strategy, and its value. An exception to this, however, is the work of B ...
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
... hedging activities. The statement requires that certain derivative instruments be recorded in the balance sheet as either assets or liabilities measured at fair value, and that changes in the fair value be recognized currently in earnings, unless specific hedge accounting criteria are met. If the de ...
... hedging activities. The statement requires that certain derivative instruments be recorded in the balance sheet as either assets or liabilities measured at fair value, and that changes in the fair value be recognized currently in earnings, unless specific hedge accounting criteria are met. If the de ...
The Decentering of the Global Firm Working Paper
... Initial forays abroad, particularly in the 1950s and 1960s, took the form of selfreplication, or so-called horizontal foreign direct investment. In this stage, multinational firms sought to overcome high tariffs and transport costs by recreating themselves around the world to serve customers around ...
... Initial forays abroad, particularly in the 1950s and 1960s, took the form of selfreplication, or so-called horizontal foreign direct investment. In this stage, multinational firms sought to overcome high tariffs and transport costs by recreating themselves around the world to serve customers around ...
Credit Risk Assessment Revisited
... listed or not, has recourse to bond and other traded securities markets or not (international agencies) etc. Due to these different scopes, each player uses the information he has access to in order to design the most appropriate rating scale. As a result a variety of definitions of default are in u ...
... listed or not, has recourse to bond and other traded securities markets or not (international agencies) etc. Due to these different scopes, each player uses the information he has access to in order to design the most appropriate rating scale. As a result a variety of definitions of default are in u ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.