Asia Economic Policy Conference - Federal Reserve Bank of San
... Emerging market economies have been subject to increased inflows of foreign capital over the last few years, and some policymakers in those countries have expressed concerns about the risks of bubbles and other negative effects from such inflows. This has caused some observers to suggest that the ef ...
... Emerging market economies have been subject to increased inflows of foreign capital over the last few years, and some policymakers in those countries have expressed concerns about the risks of bubbles and other negative effects from such inflows. This has caused some observers to suggest that the ef ...
The business finance guide
... business idea takes form, becomes a reality and then grows into a successful enterprise. The finance journey is continuous; there may never be an arrival point. For any business to travel on a journey it needs at all points of that journey to be appropriately financed. Businesses need to make sure t ...
... business idea takes form, becomes a reality and then grows into a successful enterprise. The finance journey is continuous; there may never be an arrival point. For any business to travel on a journey it needs at all points of that journey to be appropriately financed. Businesses need to make sure t ...
Czech agricultural production development
... two times, in 2007 the slowdown of real estate property market was recorded, in 2008 market collapsed (50% slowdown). • Lithuania – the impact of crisis is limited, • Poland – mild slowdown of real estate property market, number of new projects decreased, rental market is growing, • Russia – after s ...
... two times, in 2007 the slowdown of real estate property market was recorded, in 2008 market collapsed (50% slowdown). • Lithuania – the impact of crisis is limited, • Poland – mild slowdown of real estate property market, number of new projects decreased, rental market is growing, • Russia – after s ...
Determinants of Banking System Fragility: a regional perspective
... We find that a region’s banking system characteristics play a significant role in explaining regional banking system fragility next to the effects of regional macro factors. Among the banking system characteristics, higher liquidity reduces regional banking system fragility in all regions whereas h ...
... We find that a region’s banking system characteristics play a significant role in explaining regional banking system fragility next to the effects of regional macro factors. Among the banking system characteristics, higher liquidity reduces regional banking system fragility in all regions whereas h ...
Market Integrity and Regulatory Systemic Risk
... the examination to corporate governance and public corporate ownership patterns. In this context, it has been noted that there is a causal link between corporate governance and systemic risk. While recent event in the global financial markets may not have been triggered by bad corporate governance p ...
... the examination to corporate governance and public corporate ownership patterns. In this context, it has been noted that there is a causal link between corporate governance and systemic risk. While recent event in the global financial markets may not have been triggered by bad corporate governance p ...
Optimal Monetary and Prudential Policies
... Monetary and prudential policies have traditionally been designed and analyzed in isolation from one another. The 2007-2009 financial crisis, however, has aroused interest in analyzing the interactions between these policies. Policymakers [e.g., Bernanke (2010), Yellen (2014)] have commented on the ...
... Monetary and prudential policies have traditionally been designed and analyzed in isolation from one another. The 2007-2009 financial crisis, however, has aroused interest in analyzing the interactions between these policies. Policymakers [e.g., Bernanke (2010), Yellen (2014)] have commented on the ...
perspectives on dynamic asset allocation
... 8 In absence of mean reversion, the volatility grows with the length of the investment horizon, not linearly but with the square root of the investment horizon. If, for instance, annual returns would have a volatility of 10%, the volatility over a horizon of 16 years would be sqrt(16)*10=40%. If mea ...
... 8 In absence of mean reversion, the volatility grows with the length of the investment horizon, not linearly but with the square root of the investment horizon. If, for instance, annual returns would have a volatility of 10%, the volatility over a horizon of 16 years would be sqrt(16)*10=40%. If mea ...
Optimal Federal Public Debt Composition
... currently responsible for management of the entire Federal Public Debt (domestic and external debts, securities debt and contractual debt), a practice that has resulted in enhanced synergy for short and medium-term term planning, operations in a diversity of markets, transparency and communication w ...
... currently responsible for management of the entire Federal Public Debt (domestic and external debts, securities debt and contractual debt), a practice that has resulted in enhanced synergy for short and medium-term term planning, operations in a diversity of markets, transparency and communication w ...
Document
... On July 31, 1998, the Company completed the purchase of all of the outstanding capital stock of Busse Broadcasting Corporation ("Busse"). The purchase price was approximately $126.6 million, less the accreted value of Busse's 11 5/8 % Senior Secured Notes due 2000 (the "Busse Senior Notes"). The pur ...
... On July 31, 1998, the Company completed the purchase of all of the outstanding capital stock of Busse Broadcasting Corporation ("Busse"). The purchase price was approximately $126.6 million, less the accreted value of Busse's 11 5/8 % Senior Secured Notes due 2000 (the "Busse Senior Notes"). The pur ...
BENCHMARK ELECTRONICS INC (Form: DFAN14A
... Working capital inefficiencies: Although BHE's inventory turns tend to be slower than others due to their end market exposure (i.e., inventory doesn't turn as fast for medical customers like they do for computer / smartphone customers), Engaged's Capital primary concern is with BHE's poor accounts p ...
... Working capital inefficiencies: Although BHE's inventory turns tend to be slower than others due to their end market exposure (i.e., inventory doesn't turn as fast for medical customers like they do for computer / smartphone customers), Engaged's Capital primary concern is with BHE's poor accounts p ...
Privatizing Fannie and Freddie: Be Careful What
... of substantial capital and a line of credit. Under the terms of their agreement with Treasury (Senior Preferred Stock Purchase Agreements or PSPAs), the GSEs are required to pay Treasury a dividend in return for its investment and a commitment fee in return for their line of credit. The quarterly di ...
... of substantial capital and a line of credit. Under the terms of their agreement with Treasury (Senior Preferred Stock Purchase Agreements or PSPAs), the GSEs are required to pay Treasury a dividend in return for its investment and a commitment fee in return for their line of credit. The quarterly di ...
RITCHIE BROS AUCTIONEERS INC (Form: 8-K
... statements regarding events or developments that Ritchie Bros. believes or anticipates will or may occur in the future. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect,” “plan,” “anticipate,” “project ...
... statements regarding events or developments that Ritchie Bros. believes or anticipates will or may occur in the future. Forward-looking statements are statements that are not historical facts and are generally, although not always, identified by words such as “expect,” “plan,” “anticipate,” “project ...
The impact of senior political representation on government
... Ovtchinnikov (2010) and Tahoun (2014) on political campaign donations and stock holding decisions of political representatives. ...
... Ovtchinnikov (2010) and Tahoun (2014) on political campaign donations and stock holding decisions of political representatives. ...
Credit market disequilibrium in Greece (2003 - ECB
... utilizing a Bayesian approach and applying it to four credit markets (short-and longterm business loans, consumer loans and mortgages) for the Greek economy spanning the period from 2003M1 to 2011M3. Specifically, a disequilibrium view of the credit market is adopted and credit demand and supply in ...
... utilizing a Bayesian approach and applying it to four credit markets (short-and longterm business loans, consumer loans and mortgages) for the Greek economy spanning the period from 2003M1 to 2011M3. Specifically, a disequilibrium view of the credit market is adopted and credit demand and supply in ...
Uncertainty shocks, asset supply and pricing over the business cycle
... We estimate the model with postwar US data on four observables: investment, leverage and the ratios of shareholder payout as well as equity to GDP. We allow for measurement error on all observables, but show that its role is minor: our two shocks alone, together with occasional changes in uncertaint ...
... We estimate the model with postwar US data on four observables: investment, leverage and the ratios of shareholder payout as well as equity to GDP. We allow for measurement error on all observables, but show that its role is minor: our two shocks alone, together with occasional changes in uncertaint ...
Two investment solutions for CTL forestry machines
... investment decision (Löfsten, 2002). Making a good investment decision is often difficult since it is often associated with a great deal of uncertainty and the investment often extends over a very long period of time (Skärvad & Olsson, 2008). That is why a company always should evaluate the investme ...
... investment decision (Löfsten, 2002). Making a good investment decision is often difficult since it is often associated with a great deal of uncertainty and the investment often extends over a very long period of time (Skärvad & Olsson, 2008). That is why a company always should evaluate the investme ...
Inflation and the Housing Market
... personal loans. But, obviously, our world does not meet these ideal specifications. Indeed, there is little evidence of any significant tendency on the part of lenders to make full use even of the flexibility in the existing mortgage contract to counteract the higher initial payments resulting from ...
... personal loans. But, obviously, our world does not meet these ideal specifications. Indeed, there is little evidence of any significant tendency on the part of lenders to make full use even of the flexibility in the existing mortgage contract to counteract the higher initial payments resulting from ...
South African Capital Flows and Capital Flight over the 1960
... capital flows. South Africa experienced periods of autocratic repression in conjunction with both political stability and instability. And the period of political liberalization similarly has seen periods of both stability and relative instability. South Africa thus represents an important test case ...
... capital flows. South Africa experienced periods of autocratic repression in conjunction with both political stability and instability. And the period of political liberalization similarly has seen periods of both stability and relative instability. South Africa thus represents an important test case ...
Annual Report 2016
... repeating the outstanding financial results achieved in the year before. Over the past year, ams’ revenues and earnings did not meet our own expectations. The medium and long-term prospects of ams never theless remain very positive, and have continued to improve due to the consistent further develo ...
... repeating the outstanding financial results achieved in the year before. Over the past year, ams’ revenues and earnings did not meet our own expectations. The medium and long-term prospects of ams never theless remain very positive, and have continued to improve due to the consistent further develo ...
Electronic Bulls and Bears: U.S. Securities Markets and Information
... This report, Electronic Bulls and Bears: U.S. Securities Markets and Information Technology, responds to requests by the House Committee on Energy and Commerce and the House Committee on Government Operations to assess the role that communication and information technologies play in the securities m ...
... This report, Electronic Bulls and Bears: U.S. Securities Markets and Information Technology, responds to requests by the House Committee on Energy and Commerce and the House Committee on Government Operations to assess the role that communication and information technologies play in the securities m ...
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.