The impact of monetary policy on particular sectors of the economy
... output gap (in percentage points)… ......................................................................................... 49 Figure 3. Turkish Lira exchange rate ...................................................................................... 67 Figure 4. Impulse response functions of outpu ...
... output gap (in percentage points)… ......................................................................................... 49 Figure 3. Turkish Lira exchange rate ...................................................................................... 67 Figure 4. Impulse response functions of outpu ...
FSB, Summary of Findings from the TLAC Impact Assessment Studies
... loss-absorbing capacity (TLAC) of global systemically important banks (G-SIBs) in resolution, including high-level principles and a more detailed Term Sheet. 1 The Term Sheet proposed that G-SIBs should be required to meet a minimum TLAC requirement set within the range of 16-20% of risk-weighted as ...
... loss-absorbing capacity (TLAC) of global systemically important banks (G-SIBs) in resolution, including high-level principles and a more detailed Term Sheet. 1 The Term Sheet proposed that G-SIBs should be required to meet a minimum TLAC requirement set within the range of 16-20% of risk-weighted as ...
SMChap010 wo homework
... A corporation offers two primary advantages over sole proprietorships and partnerships. These are (1) limited liability, (2) ability to raise capital and transfer ownership. Because of limited liability, even in the event of bankruptcy, stockholders in a corporation can lose no more than the amount ...
... A corporation offers two primary advantages over sole proprietorships and partnerships. These are (1) limited liability, (2) ability to raise capital and transfer ownership. Because of limited liability, even in the event of bankruptcy, stockholders in a corporation can lose no more than the amount ...
Nordic Outlook, May 2015
... both higher growth and higher inflation. This is precisely what these economies need, and any economic policy tightening is definitely not imminent. Countries like the US and China are instead bearing the burden of stronger currencies, but have room to respond to their negative impact on growth and ...
... both higher growth and higher inflation. This is precisely what these economies need, and any economic policy tightening is definitely not imminent. Countries like the US and China are instead bearing the burden of stronger currencies, but have room to respond to their negative impact on growth and ...
The Effect of Poison Pills on Firm Risk: An Application of Options Pricing Theory
... previous research on poison pills. Of these firms, we identified all firms with options traded on either the CBOE, American Exchange, Philadelphia Exchange, or Pacific Exchange. To be included in the sample, a firm must have an option trading near-the-money with an expiration date more than 35 days ...
... previous research on poison pills. Of these firms, we identified all firms with options traded on either the CBOE, American Exchange, Philadelphia Exchange, or Pacific Exchange. To be included in the sample, a firm must have an option trading near-the-money with an expiration date more than 35 days ...
2016 Euro Commercial Paper Programme
... Under Regulation (EC) No. 1606/2002 of the European Parliament and of the Council of 19th July, 2002, all companies governed by the law of a European Union (EU) Member State and whose securities are admitted to trading on a regulated market of any Member State must prepare their consolidated financi ...
... Under Regulation (EC) No. 1606/2002 of the European Parliament and of the Council of 19th July, 2002, all companies governed by the law of a European Union (EU) Member State and whose securities are admitted to trading on a regulated market of any Member State must prepare their consolidated financi ...
O Are We Investing Too Little?
... investment, housing is not a vehicle for introducing new technologies or organizational practices and thus cannot expand productive capacity to the same degree.3 In any event, the growth in the adult population, particularly the fraction in the prime homebuying age bracket, has slowed in the past 10 ...
... investment, housing is not a vehicle for introducing new technologies or organizational practices and thus cannot expand productive capacity to the same degree.3 In any event, the growth in the adult population, particularly the fraction in the prime homebuying age bracket, has slowed in the past 10 ...
THE VALUATION OF FOREIGN CURRENCY OPTIONS IN KENYA UNDER STOCHASTIC VOLATILITY BY:
... INTRODUCTION 1.1. Background of the Study Currency options are derivative financial instrument where there is an agreement between two parties that gives the purchaser the right, but not the obligation, to exchange a given amount of one currency for another, at a specified rate, on an agreed date in ...
... INTRODUCTION 1.1. Background of the Study Currency options are derivative financial instrument where there is an agreement between two parties that gives the purchaser the right, but not the obligation, to exchange a given amount of one currency for another, at a specified rate, on an agreed date in ...
The Relationship between Information Asymmetry and Stock Return
... these studies sought to examine the relationship between these variables, which found that there is a positive relationship between risk, trading volume, and stock return. Also (Wang et al., 2005) tested the relationship between the behavior of market stock returns, volatility of returns (Risk), and ...
... these studies sought to examine the relationship between these variables, which found that there is a positive relationship between risk, trading volume, and stock return. Also (Wang et al., 2005) tested the relationship between the behavior of market stock returns, volatility of returns (Risk), and ...
WORKING CAPITAL FINANCING PREFERENCES: THE CASE OF
... therefore the less self-sufficient it is through the reinvestment of profits, the more likely that it will need to depend upon short-term debt financing for its assets and activities. The authors also observed that growth in sales creates financing pressures that are most likely met by short-term fu ...
... therefore the less self-sufficient it is through the reinvestment of profits, the more likely that it will need to depend upon short-term debt financing for its assets and activities. The authors also observed that growth in sales creates financing pressures that are most likely met by short-term fu ...
Proposed Amendments to National Instrument 23
... number of commenters indicated that the cap was not reflective of the lower average price of Canadian securities relative to the average price of U.S. securities. We recognize the views of some stakeholders that the fee cap should be lower. However, our market is highly integrated with the U.S. and ...
... number of commenters indicated that the cap was not reflective of the lower average price of Canadian securities relative to the average price of U.S. securities. We recognize the views of some stakeholders that the fee cap should be lower. However, our market is highly integrated with the U.S. and ...
Quantitative Easing and the Liquidity Channel of Monetary Policy
... related to each other and to the quantities in supply and demand, and how government intervention can affect these relationships, remains a priority for macroeconomic theory. For this purpose, I construct a general equilibrium model of a production economy with heterogeneous households and multiple ...
... related to each other and to the quantities in supply and demand, and how government intervention can affect these relationships, remains a priority for macroeconomic theory. For this purpose, I construct a general equilibrium model of a production economy with heterogeneous households and multiple ...
Capital Flight from South Africa, 1980 to 2000
... Mocke, 1991, Fedderke and Liu, 2002) have by and large ignored the changing political context within which capital flight has occurred. By contrast our analysis suggests that the factors influencing capital flight have changed because South Africa had a successful political transition from white dom ...
... Mocke, 1991, Fedderke and Liu, 2002) have by and large ignored the changing political context within which capital flight has occurred. By contrast our analysis suggests that the factors influencing capital flight have changed because South Africa had a successful political transition from white dom ...
Levels of authority in accounting standard setting
... The International Organization of Security Commissions (IOSCO). • The IOSCO is an association of securities and exchange regulatory agencies. • Each nation has its own set of accounting standards (national GAAP) for the preparation of accounting reports. • In May 2000 IOSCO recommended that all mem ...
... The International Organization of Security Commissions (IOSCO). • The IOSCO is an association of securities and exchange regulatory agencies. • Each nation has its own set of accounting standards (national GAAP) for the preparation of accounting reports. • In May 2000 IOSCO recommended that all mem ...
Firm Risk and Leverage-Based Business Cycles
... is driven by total factor productivity. Given that these are the only two shocks in a small-scale model that, by changing just two parameters, nests the simple real business cycle model, 5% of GDP volatility accounted for by risk shocks is remarkable. Risk shocks also generate fluctuations in financ ...
... is driven by total factor productivity. Given that these are the only two shocks in a small-scale model that, by changing just two parameters, nests the simple real business cycle model, 5% of GDP volatility accounted for by risk shocks is remarkable. Risk shocks also generate fluctuations in financ ...
An Analysis of Default Risk in the Home Equity Conversion
... proportion of funds distributed as a lump sum at closing, may exacerbate or reduce default risk. Our analysis directly informs this research need, with a unique dataset of more than 30,000 seniors counseled for reverse mortgages between 2006 and 2011, 58 percent of whom took out HECM loans. The data ...
... proportion of funds distributed as a lump sum at closing, may exacerbate or reduce default risk. Our analysis directly informs this research need, with a unique dataset of more than 30,000 seniors counseled for reverse mortgages between 2006 and 2011, 58 percent of whom took out HECM loans. The data ...
Chapter 5
... These comparisons indicate that the U.S. Large Stock portfolio, the US small stock portfolio and the World Bond portfolio may exhibit differences from normality. ...
... These comparisons indicate that the U.S. Large Stock portfolio, the US small stock portfolio and the World Bond portfolio may exhibit differences from normality. ...
Asymmetric investment returns and the
... 1990. On this basis, stabilising US NFLs at 50-60 per cent of GDP would require the primary deficit to fall to under 1 per cent of GDP, a reduction of at least 5½ per cent of GDP from its current level. This must occur through a fall in the trade deficit: that is, a fall in US demand for traded good ...
... 1990. On this basis, stabilising US NFLs at 50-60 per cent of GDP would require the primary deficit to fall to under 1 per cent of GDP, a reduction of at least 5½ per cent of GDP from its current level. This must occur through a fall in the trade deficit: that is, a fall in US demand for traded good ...
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.