The International Monetary Fund and Current Account
... restrictions, exchange restrictions had a great damaging effect in the development and growth of world trade and thus, on global prosperity. Exchange restrictions and competitive exchange depreciations had led away from the system of multilateralism and automatism of the theoretical gold standard an ...
... restrictions, exchange restrictions had a great damaging effect in the development and growth of world trade and thus, on global prosperity. Exchange restrictions and competitive exchange depreciations had led away from the system of multilateralism and automatism of the theoretical gold standard an ...
Commodity Dependence and Aggregate Risk
... participants at Columbia University, the Federal Reserve Bank of Boston, Nanyang Business School, Singapore Management University, and the University of Illinois. ...
... participants at Columbia University, the Federal Reserve Bank of Boston, Nanyang Business School, Singapore Management University, and the University of Illinois. ...
Lecture 32-Script REV
... team. You may also include special knowledge of budget control, personnel management, public relations, and strategic planning. – Skills Gap: Highlights plans to improve your company’s overall skills or expertise. In this section, you should discuss opportunities and plans to acquire new information ...
... team. You may also include special knowledge of budget control, personnel management, public relations, and strategic planning. – Skills Gap: Highlights plans to improve your company’s overall skills or expertise. In this section, you should discuss opportunities and plans to acquire new information ...
JESSICA Contribution - European Commission
... • A Tool to foster the development and implementation of JESSICA • A Forum of Exchange – JESSICA: Innovative instrument used for the first time in the 2007/13 Structural Funds programming period – Exchange of information, experiences and best practices: essential elements for successful implementati ...
... • A Tool to foster the development and implementation of JESSICA • A Forum of Exchange – JESSICA: Innovative instrument used for the first time in the 2007/13 Structural Funds programming period – Exchange of information, experiences and best practices: essential elements for successful implementati ...
Financial Innovation, Collateral and Investment
... asset level, increased dramatically. CDS began to be traded in large quantities after the run up in prices, just before the crash. The goal of this paper is to study the effect of financial innovation on investment and production. The main result is that financial innovation can affect investment deci ...
... asset level, increased dramatically. CDS began to be traded in large quantities after the run up in prices, just before the crash. The goal of this paper is to study the effect of financial innovation on investment and production. The main result is that financial innovation can affect investment deci ...
Tail Risk Hedging: A Roadmap for Asset Owners
... Liquidity: Liquidity is a measure of market depth and of how quickly and reasonably an asset can be bought or sold without significantly affecting the market. Various assets differ in their liquidity: S&P 500 index constituent stocks, with a heavy trading volume, are for the most par ...
... Liquidity: Liquidity is a measure of market depth and of how quickly and reasonably an asset can be bought or sold without significantly affecting the market. Various assets differ in their liquidity: S&P 500 index constituent stocks, with a heavy trading volume, are for the most par ...
CEO Job Security and Risk-Taking
... for firm fixed effects and executive fixed effects, and they hold also when we control for age or tenure groups or for CEO compensation levels. The contract expiration date delivers exogenously timed but imprecise changes in turnover likelihood. The time to contract expiration gives us a good estim ...
... for firm fixed effects and executive fixed effects, and they hold also when we control for age or tenure groups or for CEO compensation levels. The contract expiration date delivers exogenously timed but imprecise changes in turnover likelihood. The time to contract expiration gives us a good estim ...
Bulletin Contents Volume 75 No. 1, March 2012
... This article reviews how the Reserve Bank’s prudential supervision activities have evolved over the last five years. During this period, three major impacts on prudential supervision have been the global financial crisis (GFC), the collapse of nearly 50 finance companies and the Canterbury earthquak ...
... This article reviews how the Reserve Bank’s prudential supervision activities have evolved over the last five years. During this period, three major impacts on prudential supervision have been the global financial crisis (GFC), the collapse of nearly 50 finance companies and the Canterbury earthquak ...
derivatives - Bombay Chartered Accountants` Society
... • Ex- RBI Governor-Mr. Bimal Jalan • Volume on the Bourses • Warren Buffet-www.berkshirehathaway.com • Barring Bank-Nick Leeson • Infosys-9th April, 2003 ...
... • Ex- RBI Governor-Mr. Bimal Jalan • Volume on the Bourses • Warren Buffet-www.berkshirehathaway.com • Barring Bank-Nick Leeson • Infosys-9th April, 2003 ...
AMICE response to EIOPA Consultation on the review of specific
... terms or to recalculate the SCR using a more accurate method in order to demonstrate that the difference between the result of the chosen method and the result of a more accurate method is immaterial. It is often difficult to assess the exact error induced by the proposed simplification since it is ...
... terms or to recalculate the SCR using a more accurate method in order to demonstrate that the difference between the result of the chosen method and the result of a more accurate method is immaterial. It is often difficult to assess the exact error induced by the proposed simplification since it is ...
Commercial real estate debt
... been targeted by insurers on long-dated senior secured CRE debt. Following an increase in spreads triggered by the global financial crisis, spreads have begun to narrow in recent years (illustrated in figure 1 on page 3). In some cases, we have observed a larger spread narrowing at longer durations, ...
... been targeted by insurers on long-dated senior secured CRE debt. Following an increase in spreads triggered by the global financial crisis, spreads have begun to narrow in recent years (illustrated in figure 1 on page 3). In some cases, we have observed a larger spread narrowing at longer durations, ...
managing foreign exchange risk with derivatives
... on how non-financial corporations structure their internal risk management programs, answering this question provides insights into the operations of the hedging program and affords a framework for more in-depth analysis of HDG. In general, HDG’s policies and practices are consistent with the guidel ...
... on how non-financial corporations structure their internal risk management programs, answering this question provides insights into the operations of the hedging program and affords a framework for more in-depth analysis of HDG. In general, HDG’s policies and practices are consistent with the guidel ...
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... institution in Islamic Finance industry has gone beyond the function of a financial intermediary whereby it also serves as a wakeel, custodian, partner, entrepreneur, and guarantor. Nonetheless, Islamic Finance is yet to come up with an alternative Islamic Pricing Benchmark (IPB) to determine its co ...
... institution in Islamic Finance industry has gone beyond the function of a financial intermediary whereby it also serves as a wakeel, custodian, partner, entrepreneur, and guarantor. Nonetheless, Islamic Finance is yet to come up with an alternative Islamic Pricing Benchmark (IPB) to determine its co ...
The Eurozone Crisis
... UK) were not going to contribute to the Stabilisation Mechanism; however, the use of the ‘exceptional occurrences’ clause meant that the UK was required to underwrite £13 billion of the fund. xxii ...
... UK) were not going to contribute to the Stabilisation Mechanism; however, the use of the ‘exceptional occurrences’ clause meant that the UK was required to underwrite £13 billion of the fund. xxii ...
Index of Modern Social Market Economies
... The social market economy, as an economic order, emerged from a distinct historical background in the context of German history and philosophy and the ideas of its founding fathers, in particular Walter Eucken’s concept of a competitive market economy, served as an inspiration for the index concept. ...
... The social market economy, as an economic order, emerged from a distinct historical background in the context of German history and philosophy and the ideas of its founding fathers, in particular Walter Eucken’s concept of a competitive market economy, served as an inspiration for the index concept. ...
Chapter 01 Globalization and the Multinational Firm
... 41. Since its inception the euro has brought about revolutionary changes in European finance. For example, A. by redenominating corporate bonds and stocks from 12 different currencies into one common currency, the euro has precipitated the emergence of continent wide capital markets in Europe that a ...
... 41. Since its inception the euro has brought about revolutionary changes in European finance. For example, A. by redenominating corporate bonds and stocks from 12 different currencies into one common currency, the euro has precipitated the emergence of continent wide capital markets in Europe that a ...
Scaling Chinese Walls: Insights From Aftra v. JPMorgan Chase
... broadens the variety of financial services it offers, especially when sales, advisory, and underwriting functions are combined.20 Conflicts of interest have been cited as a contributing factor to the economic meltdown of 2008.21 The economic meltdown of 2008 spurred a large amount of litigation agai ...
... broadens the variety of financial services it offers, especially when sales, advisory, and underwriting functions are combined.20 Conflicts of interest have been cited as a contributing factor to the economic meltdown of 2008.21 The economic meltdown of 2008 spurred a large amount of litigation agai ...
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... mechanisms surmount the problems of transactions costs and lack of legally enforceable contracts through personal relationships and piggybacking on traditional small-scale financial collection mechanisms, similar to the early stages of micro-credit. However, they offer only feeble protection in the ...
... mechanisms surmount the problems of transactions costs and lack of legally enforceable contracts through personal relationships and piggybacking on traditional small-scale financial collection mechanisms, similar to the early stages of micro-credit. However, they offer only feeble protection in the ...
Essay - Shadow Banking
... described thoroughly in section 2.3). Leverage then refers to capital lent/ borrowed in order to multiply gains (or losses). 10 Refer to [10] European Commission, March 2012, pp. 3-4 for full list. 11 This claim is discussed in section 2.3. 12 Section 2.3 analyses the interconnectedness of tradition ...
... described thoroughly in section 2.3). Leverage then refers to capital lent/ borrowed in order to multiply gains (or losses). 10 Refer to [10] European Commission, March 2012, pp. 3-4 for full list. 11 This claim is discussed in section 2.3. 12 Section 2.3 analyses the interconnectedness of tradition ...
CUMULUS MEDIA INC (Form: 10-K, Received: 03/17
... Further leverage our operating efficiencies. We utilize a scalable, enterprise-wide, proprietary management system and technology platform to run our business, which we believe is a competitive advantage. As a result of our experienced management team and the benefits derived from our technology pla ...
... Further leverage our operating efficiencies. We utilize a scalable, enterprise-wide, proprietary management system and technology platform to run our business, which we believe is a competitive advantage. As a result of our experienced management team and the benefits derived from our technology pla ...
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.