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 ...
impact on the stability of European banks Anissa
... In its recent capital adequacy framework, the Basel Committee assigns market discipline an explicit and crucial role as one of the three “pillars” of capital regulation along with minimum capital requirements and supervisory review of capital adequacy (BIS (1999)). Despite the growing recognition of ...
... In its recent capital adequacy framework, the Basel Committee assigns market discipline an explicit and crucial role as one of the three “pillars” of capital regulation along with minimum capital requirements and supervisory review of capital adequacy (BIS (1999)). Despite the growing recognition of ...
too big to fail
... an add-on reflecting the degree of a bank's systemic importance is applied based on market share and the leverage ratio denominator (LRD). The add-on for UBS is expected to be 0.5% of our LRD and 1.44% of RWA. This results in total going concern capital requirements of 5.0% of LRD and 14.3% of RWA, ...
... an add-on reflecting the degree of a bank's systemic importance is applied based on market share and the leverage ratio denominator (LRD). The add-on for UBS is expected to be 0.5% of our LRD and 1.44% of RWA. This results in total going concern capital requirements of 5.0% of LRD and 14.3% of RWA, ...
PSG Global Equity Feeder Fund Class A
... have also driven the prices of US retailers down by 7% at an index level. In addition, while most emerging markets have seen their currencies and stock markets appreciate considerably this year, countries such as Brazil and South Africa continue to excel at scoring political own goals. Markets in bo ...
... have also driven the prices of US retailers down by 7% at an index level. In addition, while most emerging markets have seen their currencies and stock markets appreciate considerably this year, countries such as Brazil and South Africa continue to excel at scoring political own goals. Markets in bo ...
Dollar-Euro Exchange Rate 1999-2004
... differential to explain the weakness of the Euro vis-à-vis the Dollar in 2000-2001. De Grauwe (2000) takes as a starting point fundamental variables that have an impact on exchange rate (growth rate, inflation differential, current account etc.). He points out the fact that it is the unexpected part ...
... differential to explain the weakness of the Euro vis-à-vis the Dollar in 2000-2001. De Grauwe (2000) takes as a starting point fundamental variables that have an impact on exchange rate (growth rate, inflation differential, current account etc.). He points out the fact that it is the unexpected part ...
CHAPTER 15 Corporations: Dividends, Retained Earnings, and
... or translation of this work beyond that permitted in Section 117 of the 1976 United States Copyright Act without the express written consent of the copyright owner is unlawful. Request for further information should be addressed to the Permissions Department, John Wiley & Sons, Inc. The purchaser ma ...
... or translation of this work beyond that permitted in Section 117 of the 1976 United States Copyright Act without the express written consent of the copyright owner is unlawful. Request for further information should be addressed to the Permissions Department, John Wiley & Sons, Inc. The purchaser ma ...
Not-for-profit organizations
... The CICA Handbook defines not-for-profit organizations as follows: Not-for-profit organizations (NFPO) are entities, normally without transferable ownership interests, organized and operated exclusively for social, educational, professional, religious, health, charitable or any other not-for-profit ...
... The CICA Handbook defines not-for-profit organizations as follows: Not-for-profit organizations (NFPO) are entities, normally without transferable ownership interests, organized and operated exclusively for social, educational, professional, religious, health, charitable or any other not-for-profit ...
Currency Wars
... drawn into a war involving others such as Iran and Israel if U.S. national interests were affected. Apart from these special situations, a conventional military confrontation with the United States seems highly unlikely because of the United States’ ability to suppress and ultimately decimate the op ...
... drawn into a war involving others such as Iran and Israel if U.S. national interests were affected. Apart from these special situations, a conventional military confrontation with the United States seems highly unlikely because of the United States’ ability to suppress and ultimately decimate the op ...
Euro Area Policies: 2016 Article IV Consultation--Press Release
... The euro area recovery continues, supported by still low oil prices, a neutral fiscal stance, and accommodative monetary policy. Directors cautioned, however, that inflation and inflation expectations remain stubbornly low, raising adjustment challenges for debtors, and that crisis legacies of high ...
... The euro area recovery continues, supported by still low oil prices, a neutral fiscal stance, and accommodative monetary policy. Directors cautioned, however, that inflation and inflation expectations remain stubbornly low, raising adjustment challenges for debtors, and that crisis legacies of high ...
Word - corporate
... terminated interest rate swaps. See Note 8 (“Accounting for Derivatives”) for additional disclosures related to comprehensive income (loss). Financial Instruments Our financial instruments consist of cash, trade receivables, interest rate swaps and debt. At September 30, 2016 and December 31, 2015, ...
... terminated interest rate swaps. See Note 8 (“Accounting for Derivatives”) for additional disclosures related to comprehensive income (loss). Financial Instruments Our financial instruments consist of cash, trade receivables, interest rate swaps and debt. At September 30, 2016 and December 31, 2015, ...
UN PRI and private equity returns. Empirical evidence from the US
... both return on assets and market-to-book value measures in the US stock market, supporting the theory that corporate social performance is beneficial for corporate financial performance. Manescu (2011) finds that certain ESG indicators, such as community relations, protection of human rights and saf ...
... both return on assets and market-to-book value measures in the US stock market, supporting the theory that corporate social performance is beneficial for corporate financial performance. Manescu (2011) finds that certain ESG indicators, such as community relations, protection of human rights and saf ...
World of Work Report 2010
... acute deficit problems (Chapter 4). This would be more effective in rebalancing the world economy than currency changes. Indeed, income-led strategies not only support aggregate demand, but also result in enlarged domestic markets and new business opportunities that can be seized by sustainable ente ...
... acute deficit problems (Chapter 4). This would be more effective in rebalancing the world economy than currency changes. Indeed, income-led strategies not only support aggregate demand, but also result in enlarged domestic markets and new business opportunities that can be seized by sustainable ente ...
Mortgage backed securities
... mortgage securities as well. Mortgage backed security (MBS) is a security that is based on a pool of underlying mortgages and is usually based on mortgages that are guaranteed by a government agency for payment of principal and a guarantee of timely payment. The analysis of MBS concentrates on the n ...
... mortgage securities as well. Mortgage backed security (MBS) is a security that is based on a pool of underlying mortgages and is usually based on mortgages that are guaranteed by a government agency for payment of principal and a guarantee of timely payment. The analysis of MBS concentrates on the n ...
Going global with bonds
... 10 Although the differences in volatility are less pronounced, the implications of Figure 3 are not impacted if we use a hedged global equity allocation. A hedged global bond allocation still provided lower or equal overall portfolio volatility relative to using un-hedged global fixed income. 11 I ...
... 10 Although the differences in volatility are less pronounced, the implications of Figure 3 are not impacted if we use a hedged global equity allocation. A hedged global bond allocation still provided lower or equal overall portfolio volatility relative to using un-hedged global fixed income. 11 I ...
smoothing behavior of firms in times of crisis
... economic environment. The focus of this paper is converging to this demarche, since it analyzes the quality of financial reporting using as proxy the existence of income smoothing. In year 1953, Hepworth asserted that at the beginning of the 20th century the attention of the investors, financial ana ...
... economic environment. The focus of this paper is converging to this demarche, since it analyzes the quality of financial reporting using as proxy the existence of income smoothing. In year 1953, Hepworth asserted that at the beginning of the 20th century the attention of the investors, financial ana ...
Epsilon Fund - Fideuram Vita
... Unitholders should be aware that investments in the Sub-Funds may involve credit risks. Investments in bonds or other debt instruments, for example, involve credit risk. In the event that any issuer experiences difficulties related to the general condition of credit markets or more specific situatio ...
... Unitholders should be aware that investments in the Sub-Funds may involve credit risks. Investments in bonds or other debt instruments, for example, involve credit risk. In the event that any issuer experiences difficulties related to the general condition of credit markets or more specific situatio ...
optimal capital structure
... We have studied three companies within the real estate industry due to comparable issues. Our result reveals that the companies do not use any mathematical model when deciding their capital structure but they do consider many important factors. The business and financial risk have the largest impact ...
... We have studied three companies within the real estate industry due to comparable issues. Our result reveals that the companies do not use any mathematical model when deciding their capital structure but they do consider many important factors. The business and financial risk have the largest impact ...
Smart buildings
... In the CRE context, different types of sensors that track features such as motion, pressure, light, temperature, and flow create a vast amount of data around building operations and the environment. This information passes through a network such that various parts of the BMS communicate with each ot ...
... In the CRE context, different types of sensors that track features such as motion, pressure, light, temperature, and flow create a vast amount of data around building operations and the environment. This information passes through a network such that various parts of the BMS communicate with each ot ...
4.1 Introduction - Managed Investments Act
... have an impact on costs, given that scheme registration attracts a fee.8 The submissions suggested that ASIC has shown some reluctance to register several trusts or schemes as a single scheme. A recommendation was made in Chapter 3 regarding the lodgement of ‘model’ compliance plans and scheme const ...
... have an impact on costs, given that scheme registration attracts a fee.8 The submissions suggested that ASIC has shown some reluctance to register several trusts or schemes as a single scheme. A recommendation was made in Chapter 3 regarding the lodgement of ‘model’ compliance plans and scheme const ...
Kampala Capital City Authority
... low socio-economic conditions of many of its residents and the inhabitants of the surrounding districts. These include high levels of unemployment, especially amongst the youth and a high incidence of people living below the poverty line. Only around 23% of Kampala’s area is considered fully urbanis ...
... low socio-economic conditions of many of its residents and the inhabitants of the surrounding districts. These include high levels of unemployment, especially amongst the youth and a high incidence of people living below the poverty line. Only around 23% of Kampala’s area is considered fully urbanis ...
Challenger - Submission to the Financial System Inquiry. Issues set
... performance in terms of this measure depends to a large extent on the basis of the analysis. Projections of replacement rates that assume the current design of the pension and superannuation systems has been in operation for the full working life of the retired population provide an unrealistically ...
... performance in terms of this measure depends to a large extent on the basis of the analysis. Projections of replacement rates that assume the current design of the pension and superannuation systems has been in operation for the full working life of the retired population provide an unrealistically ...
Japan`s Deflationary Hangover: The Syndrome of the Ever
... productivity growth when the nominal exchange rate is fixed? From the old Scandinavian model of wage determination in high export-growth-led economies (Lindbeck 1979), the tradables sector—with its much higher growth in productivity than in nontradables— naturally becomes the leading sector in wage ...
... productivity growth when the nominal exchange rate is fixed? From the old Scandinavian model of wage determination in high export-growth-led economies (Lindbeck 1979), the tradables sector—with its much higher growth in productivity than in nontradables— naturally becomes the leading sector in wage ...
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.