How should investors value nuclear liabilities?
... There is only a modest accounting literature on nuclear liabilities but their similarity to pension liabilities means that the extensive literature on pension accounting, valuation and investment is directly relevant. Drawing on that literature it is argued that funded nuclear liabilities (where the ...
... There is only a modest accounting literature on nuclear liabilities but their similarity to pension liabilities means that the extensive literature on pension accounting, valuation and investment is directly relevant. Drawing on that literature it is argued that funded nuclear liabilities (where the ...
Probability Distortion and Loss Aversion in Futures
... ideas and facts which are reinforced by conversation and opinions, i.e. there is a selfreinforcement of ideas because people generally conform with the judgment and behavior of others. Further, empirical evidence suggests that in the decision to defer consumption discount rates can change under diff ...
... ideas and facts which are reinforced by conversation and opinions, i.e. there is a selfreinforcement of ideas because people generally conform with the judgment and behavior of others. Further, empirical evidence suggests that in the decision to defer consumption discount rates can change under diff ...
first capital realty inc.
... portfolio, by seeking appropriate opportunistic acquisitions and by undertaking selective development activities. In the United States the Company is active through its holdings in Equity One, Inc., a publicly traded real estate investment trust (NYSE:EQY). First Capital Realty is managed by experie ...
... portfolio, by seeking appropriate opportunistic acquisitions and by undertaking selective development activities. In the United States the Company is active through its holdings in Equity One, Inc., a publicly traded real estate investment trust (NYSE:EQY). First Capital Realty is managed by experie ...
The State of Finance for Developing Countries, 2014
... in absolute terms in US dollars, and also as percentages of Gross Domestic Product (GDP) – a much better indicator of how important they are to the developing country in question. Unlike other recent analyses, we have not just examined the resources flowing into developing countries, but have also a ...
... in absolute terms in US dollars, and also as percentages of Gross Domestic Product (GDP) – a much better indicator of how important they are to the developing country in question. Unlike other recent analyses, we have not just examined the resources flowing into developing countries, but have also a ...
Full Version
... previous period. The mission acknowledged that the government has put in place a program which allows for increased growth, financial stability, and economic inclusivity, essentially improving the quality of public services. The mission also noted that the challenges facing the Egyptian economy requ ...
... previous period. The mission acknowledged that the government has put in place a program which allows for increased growth, financial stability, and economic inclusivity, essentially improving the quality of public services. The mission also noted that the challenges facing the Egyptian economy requ ...
Q2 - First Capital Realty
... the general availability of capital and the stability of the capital markets, amount of development costs, capital expenditures, operating costs and corporate expenses, level and timing of acquisitions of income-producing properties, number of shares outstanding and numerous other factors. Moreover, ...
... the general availability of capital and the stability of the capital markets, amount of development costs, capital expenditures, operating costs and corporate expenses, level and timing of acquisitions of income-producing properties, number of shares outstanding and numerous other factors. Moreover, ...
HSBC in Europe
... to suit their needs. • Equities – Take advantage of HSBC’s global connections and rigorous research. Our far-reaching network gives you access to, trading and research specialists worldwide. The HSBC Global Equity group brings together cash and derivatives trading, sales and distribution, structure ...
... to suit their needs. • Equities – Take advantage of HSBC’s global connections and rigorous research. Our far-reaching network gives you access to, trading and research specialists worldwide. The HSBC Global Equity group brings together cash and derivatives trading, sales and distribution, structure ...
Why Managing Inflation Risk Still Matters: A Multi
... this segment, combining equities that offer the potential for outperforming the stock market with bonds that have defensive characteristics can benefit an asset allocation that is attentive to inflation hedging. REITs maintain value during inflationary periods because they generally own physical str ...
... this segment, combining equities that offer the potential for outperforming the stock market with bonds that have defensive characteristics can benefit an asset allocation that is attentive to inflation hedging. REITs maintain value during inflationary periods because they generally own physical str ...
An analysis of variables determining the Swedish price of wheat
... explore the agricultural market and to improve trade between countries. According to OECD reports, the trend in the wheat market is that the world market price doubled between 2005 and 2007 and is still rising. The OECD concluded that this is due to an increase in demand, since there are more indust ...
... explore the agricultural market and to improve trade between countries. According to OECD reports, the trend in the wheat market is that the world market price doubled between 2005 and 2007 and is still rising. The OECD concluded that this is due to an increase in demand, since there are more indust ...
CH 3 Objectives
... *How to compute and interpret important financial ratios *The determinants of a firm’s profitability and growth *Understand the problems and pitfalls in financial statement analysis ...
... *How to compute and interpret important financial ratios *The determinants of a firm’s profitability and growth *Understand the problems and pitfalls in financial statement analysis ...
Mortgagee Sales - Financial Ombudsman Service
... entitled to obtain the forced sale value which may be included in a valuation. Essentially the reason why a forced sale value is not an appropriate measure of the value of a property is because the law requires that the mortgagee obtain market value and not a forced sale value. In our view a mortgag ...
... entitled to obtain the forced sale value which may be included in a valuation. Essentially the reason why a forced sale value is not an appropriate measure of the value of a property is because the law requires that the mortgagee obtain market value and not a forced sale value. In our view a mortgag ...
Planning for Retirement Terrance K Martin Jr.* and Michael Finke
... to increase their savings rate by as much as 20% to replace pre-retirement levels of consumption. Studies of employee participation in employer-sponsored retirement plans shows that many do not participate, those who participate often do so at a default savings rate that is too low, and retirement s ...
... to increase their savings rate by as much as 20% to replace pre-retirement levels of consumption. Studies of employee participation in employer-sponsored retirement plans shows that many do not participate, those who participate often do so at a default savings rate that is too low, and retirement s ...
fa-ii-chapter-ii
... of, say, cattle, each unit of which the company purchases as a whole and then divides into parts that are the products. Instead of one product out of many raw materials or parts, the meat-packing company makes many products from one “unit” of raw material. To allocate the cost of the animal “on the ...
... of, say, cattle, each unit of which the company purchases as a whole and then divides into parts that are the products. Instead of one product out of many raw materials or parts, the meat-packing company makes many products from one “unit” of raw material. To allocate the cost of the animal “on the ...
Common Stocks_Ch06
... number of shares outstanding by exchanging a specified number of new shares of stock for each outstanding share – Usually done to lower the stock price to make it more attractive to investors – Stockholders end up with more shares of stock that sells for a lower price – Investor with 200 shares in a ...
... number of shares outstanding by exchanging a specified number of new shares of stock for each outstanding share – Usually done to lower the stock price to make it more attractive to investors – Stockholders end up with more shares of stock that sells for a lower price – Investor with 200 shares in a ...
GQG Partners Emerging Markets Equity Fund
... economic trends and developments. The prices of securities issued by such companies may suffer a decline in response. These factors contribute to price volatility, which is the principal risk of investing in the Fund. IPO Risk – The market value of shares issued in an IPO may fluctuate considerably ...
... economic trends and developments. The prices of securities issued by such companies may suffer a decline in response. These factors contribute to price volatility, which is the principal risk of investing in the Fund. IPO Risk – The market value of shares issued in an IPO may fluctuate considerably ...
Evaluating the Dynamic Nature of Market Risk by Todd Hubbs, Todd
... risk, Fabozzi and Francis (1978) suggest the dynamic nature of beta can be overcome by estimating beta using random coefficient methods (RCM) of Swamy (1970). The authors provide a clear definition of why betas of stocks may be unstable over time. First, macroeconomic effects can change betas for as ...
... risk, Fabozzi and Francis (1978) suggest the dynamic nature of beta can be overcome by estimating beta using random coefficient methods (RCM) of Swamy (1970). The authors provide a clear definition of why betas of stocks may be unstable over time. First, macroeconomic effects can change betas for as ...
China National Materials Company Limited
... new order intakes decreased by 14% year-on-year to RMB29.5 billion, of which the amount of new order intakes from the overseas markets amounted to RMB21.8 billion, representing a year-on-year decrease of 6.48%. As at 31 December 2014, the amount of backlog amounted to RMB58.3 billion. Apart from its ...
... new order intakes decreased by 14% year-on-year to RMB29.5 billion, of which the amount of new order intakes from the overseas markets amounted to RMB21.8 billion, representing a year-on-year decrease of 6.48%. As at 31 December 2014, the amount of backlog amounted to RMB58.3 billion. Apart from its ...
CONDITIONAL TAIL VARIANCE AND
... twolevel simulation procedure that produces a confidence interval for CVaR. A concept that is defined very closely to the CVaR is the expected shortfall (Acerbi and Tasche (2002)). The expected shortfall measurement result has been shown to be equivalent to the CVaR, even though it is defined ...
... twolevel simulation procedure that produces a confidence interval for CVaR. A concept that is defined very closely to the CVaR is the expected shortfall (Acerbi and Tasche (2002)). The expected shortfall measurement result has been shown to be equivalent to the CVaR, even though it is defined ...
The ECB`s OMT Programme and German Constitutional Concerns
... The ECB took action that was effective and appropriate in solving a fundamental problem it faced, namely a dysfunctional monetary policy transmission mechanism. Its action was clearly within its mandate of ensuring the proper conduct of monetary policy. The pure announcement of a potential OMT progr ...
... The ECB took action that was effective and appropriate in solving a fundamental problem it faced, namely a dysfunctional monetary policy transmission mechanism. Its action was clearly within its mandate of ensuring the proper conduct of monetary policy. The pure announcement of a potential OMT progr ...
NBER WORKING PAPER SERIES BACKWARD-LOOKING INTEREST-RATE RULES, INTEREST-RATE SMOOTHING, AND MACROECONOMIC INSTABILITY
... a backward-looking measure of inflation into the Taylor rule. For plausible parameterizations, we show that under active backward-looking rules attracting equilibrium cycles exist. The existence of attracting cycles represents a severe case of policy induced macroeconomic instability. This is becau ...
... a backward-looking measure of inflation into the Taylor rule. For plausible parameterizations, we show that under active backward-looking rules attracting equilibrium cycles exist. The existence of attracting cycles represents a severe case of policy induced macroeconomic instability. This is becau ...
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.