Chapter 7: Quantitative vs. Credit Easing
... decision would depend on his/her whole type history. Therefore, the distribution of consumption across households would become more and more dispersed over time. To avoid this complexity, it is assumed that households originally start with identical financial wealth, are able to sign state-contingen ...
... decision would depend on his/her whole type history. Therefore, the distribution of consumption across households would become more and more dispersed over time. To avoid this complexity, it is assumed that households originally start with identical financial wealth, are able to sign state-contingen ...
Capital`s Long March West: Saving and Investment Frictions in
... assess when—and under which conditions—a convergence towards more sustainable patterns would be possible. Over the last decade, the literature disproportionately discussed that issue through the lens of US interests. At the onset of the “Great Rebalancing”, observers and experts increasingly laid th ...
... assess when—and under which conditions—a convergence towards more sustainable patterns would be possible. Over the last decade, the literature disproportionately discussed that issue through the lens of US interests. At the onset of the “Great Rebalancing”, observers and experts increasingly laid th ...
Lending Competition of Community Banks and the Farm Credit System
... of the FCS and how nizations was also apparent in written comments it has evolved; by analyzing the performance of from survey respondents. These comments illusFCS vis-à-vis community banks in general and trate some of the potential causes of bankers’ conagricultural banks in particular; and by expl ...
... of the FCS and how nizations was also apparent in written comments it has evolved; by analyzing the performance of from survey respondents. These comments illusFCS vis-à-vis community banks in general and trate some of the potential causes of bankers’ conagricultural banks in particular; and by expl ...
Q1 2017 Market ChartBook
... international investors to benefit from a strong technical bid this past quarter. Investors in developed international markets received 6.1% in Q2 led by Denmark, France, and Italy while emerging markets largely followed suit with Q2 returns of 6.4%. Euroskeptics Le Pen and Wilders lost in their res ...
... international investors to benefit from a strong technical bid this past quarter. Investors in developed international markets received 6.1% in Q2 led by Denmark, France, and Italy while emerging markets largely followed suit with Q2 returns of 6.4%. Euroskeptics Le Pen and Wilders lost in their res ...
Management Presentation / J.P. Morgan Global TMT Conference / 17-18...
... CDI’s in 99 Wuxian, the suitability of CDI’s for any investor, any particular tax treatment or the accuracy, completeness or adequacy of information contained herein. Therefore no liability by 99 Wuxian is accepted with any of the above matters. Any opinions expressed in this document are statements ...
... CDI’s in 99 Wuxian, the suitability of CDI’s for any investor, any particular tax treatment or the accuracy, completeness or adequacy of information contained herein. Therefore no liability by 99 Wuxian is accepted with any of the above matters. Any opinions expressed in this document are statements ...
Corporate Diversification and the Cost of Capital
... focus is to explain the cross-sectional variation in excess value, and not how diversification affects a firm’s cost of capital. By exploring whether the cross-sectional variation in cost of capital is due to coinsurance, our work deepens the foundations of this literature. Our work is also related ...
... focus is to explain the cross-sectional variation in excess value, and not how diversification affects a firm’s cost of capital. By exploring whether the cross-sectional variation in cost of capital is due to coinsurance, our work deepens the foundations of this literature. Our work is also related ...
The Demand for Liquid Assets, Corporate Saving, and International
... for liquidity and examine the properties of this demand. Then we incorporate these entrepreneurs in a dynamic small open economy and examine its dynamics and steady state. In a growing economy, nancial constraints increase saving by cash-rich entrepreneurs and reduce the supply of assets issued by ...
... for liquidity and examine the properties of this demand. Then we incorporate these entrepreneurs in a dynamic small open economy and examine its dynamics and steady state. In a growing economy, nancial constraints increase saving by cash-rich entrepreneurs and reduce the supply of assets issued by ...
Globalization versus market protection: effects on the
... of globalization into its modern form as industrialization allowed for the cheap production of household items using economies of scale, while rapid population growth created sustained demand for such commodities. However, this first phase of "modern globalization" began to break down at the beginni ...
... of globalization into its modern form as industrialization allowed for the cheap production of household items using economies of scale, while rapid population growth created sustained demand for such commodities. However, this first phase of "modern globalization" began to break down at the beginni ...
Northrop Grumman Corporation 2014 Annual Report
... delivered men to the surface of the moon. In 1996, we acquired the defense and electronics businesses of Westinghouse Electric Corporation, a world leader in the development and production of sophisticated radar and other electronic systems for the nation’s defense, civil aviation, and other interna ...
... delivered men to the surface of the moon. In 1996, we acquired the defense and electronics businesses of Westinghouse Electric Corporation, a world leader in the development and production of sophisticated radar and other electronic systems for the nation’s defense, civil aviation, and other interna ...
The Euro and the Geography of International Debt Flow
... All four factors seem likely to have given core euro area financial institutions a perceived comparative advantage in terms of lending to the periphery, and this would also likely have affected financial flows from outside to both regions of the euro area. While the preceding considerations apply to ...
... All four factors seem likely to have given core euro area financial institutions a perceived comparative advantage in terms of lending to the periphery, and this would also likely have affected financial flows from outside to both regions of the euro area. While the preceding considerations apply to ...
True/False Questions
... 31. Depository institutions (DIs) play an important role in the transmission of monetary policy from the Federal Reserve to the rest of the economy because A) Loans to corporations are part of the money supply B) Bank and thrift loans are tightly regulated C) U.S. DIs compete with foreign financial ...
... 31. Depository institutions (DIs) play an important role in the transmission of monetary policy from the Federal Reserve to the rest of the economy because A) Loans to corporations are part of the money supply B) Bank and thrift loans are tightly regulated C) U.S. DIs compete with foreign financial ...
Collateral-Motivated Financial Innovation
... to a number of time-series and cross-sectional implications on the basis. For example, when investors face tighter funding constraints, saving collateral becomes more valuable, leading to a larger basis. Our model also implies that the basis is higher if the unwanted cash flow, the portion of the cas ...
... to a number of time-series and cross-sectional implications on the basis. For example, when investors face tighter funding constraints, saving collateral becomes more valuable, leading to a larger basis. Our model also implies that the basis is higher if the unwanted cash flow, the portion of the cas ...
Global Market Perspective
... 2016, reinforcing the weakness already projected for the emerging markets. As a result, global GDP is now anticipated to only match last year’s outturn and it is not until 2017-2018 before the upward momentum resumes. This would mean that the global economy has been flat-lining at slightly below tre ...
... 2016, reinforcing the weakness already projected for the emerging markets. As a result, global GDP is now anticipated to only match last year’s outturn and it is not until 2017-2018 before the upward momentum resumes. This would mean that the global economy has been flat-lining at slightly below tre ...
Examples of Accounting Estimates
... skepticism. Changing the methodology used to make an estimate has much the same effect on the financial statements as changing an accounting policy, so the auditor should require evidence that a change in methodology was necessary to produce more reliable estimates. • Skeptically review assumptions ...
... skepticism. Changing the methodology used to make an estimate has much the same effect on the financial statements as changing an accounting policy, so the auditor should require evidence that a change in methodology was necessary to produce more reliable estimates. • Skeptically review assumptions ...
EY- Cash, capital and dividends
... Financial Reporting Standards (IFRS) earnings against a backdrop of falling long-term interest rates and weak economic growth. This has translated into growth that in many cases is stronger in dividends than in IFRS earnings (see figure 8). Investors are starting to question the sustainability of th ...
... Financial Reporting Standards (IFRS) earnings against a backdrop of falling long-term interest rates and weak economic growth. This has translated into growth that in many cases is stronger in dividends than in IFRS earnings (see figure 8). Investors are starting to question the sustainability of th ...
ASX Options Ready for super funds and asset advisers
... Common options strategies and APRA’s comments The following are examples of situations in which superannuation funds might use options. These scenarios have been referred to APRA and are listed here together with APRA’s comments. It is assumed that the Trustees and investment manager have met all th ...
... Common options strategies and APRA’s comments The following are examples of situations in which superannuation funds might use options. These scenarios have been referred to APRA and are listed here together with APRA’s comments. It is assumed that the Trustees and investment manager have met all th ...
Cyclicality of Credit Supply: Firm Level Evidence
... commercial paper), and 12,782 firm-quarters (6.0%) by the narrower definition (term loans and bonds only) that we use as baseline. In a third of all firm-quarters with debt issuance, debt issues are new loans by the narrower definition, and, by the broader definition, in two thirds (the difference i ...
... commercial paper), and 12,782 firm-quarters (6.0%) by the narrower definition (term loans and bonds only) that we use as baseline. In a third of all firm-quarters with debt issuance, debt issues are new loans by the narrower definition, and, by the broader definition, in two thirds (the difference i ...
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.