Morgan Creek Capital
... other killer diseases, and an endless variety of wars. Who needed a long-term investment plan when no one ever reached retirement age? A career committed to the laborious acquisition of wealth over time was perhaps less appealing than taking a chance on some get-rich-quick commercial venture.” Newly ...
... other killer diseases, and an endless variety of wars. Who needed a long-term investment plan when no one ever reached retirement age? A career committed to the laborious acquisition of wealth over time was perhaps less appealing than taking a chance on some get-rich-quick commercial venture.” Newly ...
The To-Be-Announced (TBA) Market: a Primer
... accrued interest from the initially agreed upon trade date while the seller does not receive the money for the security until it actually settles, meaning that the seller is effectively providing interest free funding from the initial settlement date until the actual settlement date. In a low or zer ...
... accrued interest from the initially agreed upon trade date while the seller does not receive the money for the security until it actually settles, meaning that the seller is effectively providing interest free funding from the initial settlement date until the actual settlement date. In a low or zer ...
Comments on “When Do TIPS Prices Adjust to
... • Hypothesis 3: The firm tends to pay a dividend if its covariance between the firm’s rate of return on equity and the firm’s growth rate is lower. H3a: The firm tends to stop paying a dividend if its covariance between the firm’s rate of return on equity and the firm’s growth rate is ...
... • Hypothesis 3: The firm tends to pay a dividend if its covariance between the firm’s rate of return on equity and the firm’s growth rate is lower. H3a: The firm tends to stop paying a dividend if its covariance between the firm’s rate of return on equity and the firm’s growth rate is ...
Thinking Alternative
... assumption for equities) but assume no mean reversion in market valuations; for details, see The 5% Solution (2012) or Alternative Thinking, January 2014. Stocks are represented by the Standard&Poor’s 500 Index since 1957 and before it other broad indices of large-cap U.S. stocks. The equity real yi ...
... assumption for equities) but assume no mean reversion in market valuations; for details, see The 5% Solution (2012) or Alternative Thinking, January 2014. Stocks are represented by the Standard&Poor’s 500 Index since 1957 and before it other broad indices of large-cap U.S. stocks. The equity real yi ...
2003 Report as a word document
... of the amortisation of deficit, which will be spread over 9.5 years being the average remaining service lives of the active members. A prepayment of £425,000 (in 2002 £638,000) has been included on the Balance Sheet. The latest formal actuarial assessment of the scheme was as at 31 December 2002. Th ...
... of the amortisation of deficit, which will be spread over 9.5 years being the average remaining service lives of the active members. A prepayment of £425,000 (in 2002 £638,000) has been included on the Balance Sheet. The latest formal actuarial assessment of the scheme was as at 31 December 2002. Th ...
Does Market Structure Matter on Banks׳ Profitability and Stability
... allocated efficiently. As Albertazzi and Gambacorta (2009) argue, because of phenomena such as globalization, growing international financial markets, deregulation and advances in technology, identifying the determinants of bank performance is an important predictor of unstable economic conditions. ...
... allocated efficiently. As Albertazzi and Gambacorta (2009) argue, because of phenomena such as globalization, growing international financial markets, deregulation and advances in technology, identifying the determinants of bank performance is an important predictor of unstable economic conditions. ...
Bubbles, Crashes, and Endogenous Expectations in Experimental
... the same type of (induced value) gains from exchange as in the earlier experiments. (ii) The inventories (shares and money) of traders are reinitialized at the beginning of each cycle as a means of achieving a pure replication of the cyclical environment. Within this framework, these asset market ex ...
... the same type of (induced value) gains from exchange as in the earlier experiments. (ii) The inventories (shares and money) of traders are reinitialized at the beginning of each cycle as a means of achieving a pure replication of the cyclical environment. Within this framework, these asset market ex ...
SRC review guide for general-purpose governments
... A change in the provisions of a current capital lease that results from a current or advance refunding by the lessor who passes through the effect to the lessee (and the lease continues to qualify as a capital lease) which increases the lessee’s lease obligation [GASB-S65:7] The resources that provi ...
... A change in the provisions of a current capital lease that results from a current or advance refunding by the lessor who passes through the effect to the lessee (and the lease continues to qualify as a capital lease) which increases the lessee’s lease obligation [GASB-S65:7] The resources that provi ...
Accounting for Partnership Lecture
... • The admission of a partner by purchase of an interest in the firm is a personal transaction between one or more existing partners and the new partner • Price paid is negotiated and determined by the individuals involved • The price may be equal to or different from the capital equity acquired • An ...
... • The admission of a partner by purchase of an interest in the firm is a personal transaction between one or more existing partners and the new partner • Price paid is negotiated and determined by the individuals involved • The price may be equal to or different from the capital equity acquired • An ...
Determinants of FPI over FDI
... particularly if there is some concern about the forecasting power of Probit models. The dynamic panel estimation results are presented in Table 8, with four proxies of opacity (OPA, ACC, CIFAR, and GCR). Again, there we find that the occurrence of liquidity crises at t + 1 increases the ratio of F ...
... particularly if there is some concern about the forecasting power of Probit models. The dynamic panel estimation results are presented in Table 8, with four proxies of opacity (OPA, ACC, CIFAR, and GCR). Again, there we find that the occurrence of liquidity crises at t + 1 increases the ratio of F ...
Operations of football clubs in Croatia
... as non-profit organizations. It is logical that such - mostly amateur - clubs should be financed largely by public funds. However, professional clubs focused on generating income (which is not necessarily used for the development of their own players but for the acquisition of better professional at ...
... as non-profit organizations. It is logical that such - mostly amateur - clubs should be financed largely by public funds. However, professional clubs focused on generating income (which is not necessarily used for the development of their own players but for the acquisition of better professional at ...
Multinational Firms, FDI Flows and Imperfect Capital Markets
... con…rmed to be a function of the quality of investor protections and the depth of capital markets. The model also suggests that these e¤ects should be most pronounced for technologically advanced …rms because these …rms are most likely to be able to provide valuable monitoring services. The empiric ...
... con…rmed to be a function of the quality of investor protections and the depth of capital markets. The model also suggests that these e¤ects should be most pronounced for technologically advanced …rms because these …rms are most likely to be able to provide valuable monitoring services. The empiric ...
Stress testing of banks: an introduction
... expectations about how economic activity and financial market developments are likely to turn out. Examples might include scenarios resembling severe recessions with falling GDP, sharp contractions in house prices, and rising unemployment. Analysis of a scenario’s impact involves modelling the way i ...
... expectations about how economic activity and financial market developments are likely to turn out. Examples might include scenarios resembling severe recessions with falling GDP, sharp contractions in house prices, and rising unemployment. Analysis of a scenario’s impact involves modelling the way i ...
Chapters 11&12
... Premise of statistics: past performance is an indicator of future performance rp for an upcoming period = rp for the previous period ...
... Premise of statistics: past performance is an indicator of future performance rp for an upcoming period = rp for the previous period ...
Large Canadian Banks Q2 2017 Earnings Round-Up
... By segment on an adjusted basis, Canadian Banking net income decreased 1% QoQ, mainly because of lower net interest income as there were three fewer days in this quarter. International Banking income was up 3% QoQ, driven by strong asset growth and higher net interest margin. Similarly, on a YoY bas ...
... By segment on an adjusted basis, Canadian Banking net income decreased 1% QoQ, mainly because of lower net interest income as there were three fewer days in this quarter. International Banking income was up 3% QoQ, driven by strong asset growth and higher net interest margin. Similarly, on a YoY bas ...
estimating systematic risk: the choice of return
... whose objective is to estimate the current beta for a particular firm. The financial manager must select both the return interval and the estimation period, which would begin at the current date and extend into the past for some desired number of years. The following tests are designed with this pro ...
... whose objective is to estimate the current beta for a particular firm. The financial manager must select both the return interval and the estimation period, which would begin at the current date and extend into the past for some desired number of years. The following tests are designed with this pro ...
Asset Enhancement CPF INVESTMENT GUIDELINES (CPFIG
... Paras 4.1 and 4.2 do not apply to unrated debt securities issued by Singapore-incorporated issuers8 and Singapore statutory boards. FMCs may invest in all such debt securities until such time as is stated otherwise. Nevertheless, the single entity limit for these unrated corporate debt securities is ...
... Paras 4.1 and 4.2 do not apply to unrated debt securities issued by Singapore-incorporated issuers8 and Singapore statutory boards. FMCs may invest in all such debt securities until such time as is stated otherwise. Nevertheless, the single entity limit for these unrated corporate debt securities is ...
word - Nasdaq`s INTEL Solutions
... held by executive officers and directors of the registrant as of such date have been excluded because such persons may be deemed to be affiliates. This determination of executive officers and directors as affiliates is not necessarily a conclusive determination for any other purposes. 5,864,840,000 ...
... held by executive officers and directors of the registrant as of such date have been excluded because such persons may be deemed to be affiliates. This determination of executive officers and directors as affiliates is not necessarily a conclusive determination for any other purposes. 5,864,840,000 ...
The Venture Capital Fund - Inter
... slightly more than half its pro rata share. Given the wealth in natural resources the region should be a major exporter, not only of those resources, but also of their derivative manufactured goods. Similarly, in terms of agriculture, LAC can be and may eventually become the bread basket of the worl ...
... slightly more than half its pro rata share. Given the wealth in natural resources the region should be a major exporter, not only of those resources, but also of their derivative manufactured goods. Similarly, in terms of agriculture, LAC can be and may eventually become the bread basket of the worl ...
FEDERAL LAW NO. 224-FZ OF JULY 27, 2010 ON COUNTERING
... 3) the making of deals in which parties' undertakings are performed at the expense or in the interests of one person as causing the price of, a demand for, the supply of, or the amount of trading in, a financial instrument, foreign currency and/or commodity to diverge from the level or to be mainta ...
... 3) the making of deals in which parties' undertakings are performed at the expense or in the interests of one person as causing the price of, a demand for, the supply of, or the amount of trading in, a financial instrument, foreign currency and/or commodity to diverge from the level or to be mainta ...
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.