NBER WORKING PAPER SERIES WHY IS CAPiTAL SO IMMOBILE INTERNATIONALLY?: POSSIBLE
... their savings abroad. Even when overall controls do not exist, regulations often require ...
... their savings abroad. Even when overall controls do not exist, regulations often require ...
Inefficient Markets, Efficient Investment?
... hold shares in the intermediate holding company. The two listed companies function only to receive dividends from the holding company, and to distribute these dividends to their own shareholders. In the second type of structure, there is no transfer of assets, and the business operations of the comp ...
... hold shares in the intermediate holding company. The two listed companies function only to receive dividends from the holding company, and to distribute these dividends to their own shareholders. In the second type of structure, there is no transfer of assets, and the business operations of the comp ...
Are Islamic banks better immunized than Conventional banks in the
... Banning of interest and activating the (PLS) system in Islamic finance is supported by economic rationales which are described by the International association of Islamic banks (1995, pp3-4), as per the points listed below: 1- Based on (PLS) banking system, the allocations of funds will be primarily ...
... Banning of interest and activating the (PLS) system in Islamic finance is supported by economic rationales which are described by the International association of Islamic banks (1995, pp3-4), as per the points listed below: 1- Based on (PLS) banking system, the allocations of funds will be primarily ...
Not so Great Expectations: A Model of Growth and Informational Frictions
... especially from 2002-2007 (Philippon (2008)), has increased …nancial opacity, as intermediaries extended credit and diversi…ed risk through securitization and the OTC derivatives markets that arose in the wake of LTCM.2 This heightened opacity has made it di¢ cult for economic agents and policymaker ...
... especially from 2002-2007 (Philippon (2008)), has increased …nancial opacity, as intermediaries extended credit and diversi…ed risk through securitization and the OTC derivatives markets that arose in the wake of LTCM.2 This heightened opacity has made it di¢ cult for economic agents and policymaker ...
here. - DePaul University
... profitable, less liquid and more opaque as measured by firm age, i.e., younger. Among firms that use bank credit, the amount used as a percentage of assets is positively related to firm liquidity and to firm opacity as measured by firm age. Again, these results are generally consistent with the peck ...
... profitable, less liquid and more opaque as measured by firm age, i.e., younger. Among firms that use bank credit, the amount used as a percentage of assets is positively related to firm liquidity and to firm opacity as measured by firm age. Again, these results are generally consistent with the peck ...
Spillover Effect of US Quantitative Easing From the
... realm has shown us that the world was smaller than we thought. In this respect, the financial crisis of 2008 started in the United States catalysed world media’s attention, as the crisis became global in a record time. Due to the leading position of the USA, the exceptional monetary measures taken b ...
... realm has shown us that the world was smaller than we thought. In this respect, the financial crisis of 2008 started in the United States catalysed world media’s attention, as the crisis became global in a record time. Due to the leading position of the USA, the exceptional monetary measures taken b ...
Gender Diversity in Boardroom and Firm Financial
... Gender diversity in boardroom has been associated with corporate governance and firm performance and it has become one of the focuses of the related studies. However, only few empirical evidences investigate the relationship based on Asian data. This study adds to the growing number of literatures a ...
... Gender diversity in boardroom has been associated with corporate governance and firm performance and it has become one of the focuses of the related studies. However, only few empirical evidences investigate the relationship based on Asian data. This study adds to the growing number of literatures a ...
Postgraduate Studies “Entrepreneurial Economy”
... Did the global economic crisis stress out the need to think about new economic theory, new understanding of economics? Did the global economic crisis point out the fact that national governments have limited possibilities to solve many problems in their economy and their society? Why is the number o ...
... Did the global economic crisis stress out the need to think about new economic theory, new understanding of economics? Did the global economic crisis point out the fact that national governments have limited possibilities to solve many problems in their economy and their society? Why is the number o ...
The cyclical relations between traded property stock prices and
... This study provides the stylised facts of the property stock price cycle in the UK. It aims to examine the cyclical properties of a small set of variables, comprising real economy, financial and property market time-series, in relation to the property stock price cycle. As in all relevant literature ...
... This study provides the stylised facts of the property stock price cycle in the UK. It aims to examine the cyclical properties of a small set of variables, comprising real economy, financial and property market time-series, in relation to the property stock price cycle. As in all relevant literature ...
Systemic Risk, Systematic Risk, and the Identification of
... several authors have been stressing the substantial differences in the business models of different institutions, particularly between banks and insurers (see Thimann (2014)), and the resulting potential differences in the interpretation of the FSB and IAIS indicators for systemic risk. While the IA ...
... several authors have been stressing the substantial differences in the business models of different institutions, particularly between banks and insurers (see Thimann (2014)), and the resulting potential differences in the interpretation of the FSB and IAIS indicators for systemic risk. While the IA ...
Bank Stress Tests and Financial Stability
... 2014b) argue that the 2009–14 stress tests made an important contribution to financial stability. They highlight that the 30 firms participating in the 2014 stress test had doubled their CET1 capital (ratios) since 2009,11 and their liquidity position had improved markedly relative to precrisis leve ...
... 2014b) argue that the 2009–14 stress tests made an important contribution to financial stability. They highlight that the 30 firms participating in the 2014 stress test had doubled their CET1 capital (ratios) since 2009,11 and their liquidity position had improved markedly relative to precrisis leve ...
Kingdom of Lesotho: 2015 Article IV Consultation -
... recent years, the authorities were able to rebuild fiscal buffers and international reserves, largely due to a temporary rebound in SACU revenues. However, there has been little progress in the fight against poverty and unemployment, despite considerable spending on social sectors and transfers. Les ...
... recent years, the authorities were able to rebuild fiscal buffers and international reserves, largely due to a temporary rebound in SACU revenues. However, there has been little progress in the fight against poverty and unemployment, despite considerable spending on social sectors and transfers. Les ...
Sticker to Prospectus The Prospectus for ICON ECI Fund Fifteen
... warrants, liens on related assets, etc.), and we are not reliant on receiving outside financing through the issuance of commercial paper or from lines of credit to finance new business or meet our investment objectives. Accordingly, the performance of the overall equipment financing market is not di ...
... warrants, liens on related assets, etc.), and we are not reliant on receiving outside financing through the issuance of commercial paper or from lines of credit to finance new business or meet our investment objectives. Accordingly, the performance of the overall equipment financing market is not di ...
Problems and Reforms in Mortgage
... Congress that the U.S. needs one strong regulator to oversee the financial firms and fix the current “fragmented approach” to regulating the market.5 Although Mr. Snow’s point addresses the problem with the financial market’s regulatory structure, the question still remains: what entity is best posi ...
... Congress that the U.S. needs one strong regulator to oversee the financial firms and fix the current “fragmented approach” to regulating the market.5 Although Mr. Snow’s point addresses the problem with the financial market’s regulatory structure, the question still remains: what entity is best posi ...
Understanding the New Financial Reform Legislation
... Table of Contents Index of Acronyms / Abbreviations .................................................................................................xv The Dodd-Frank Wall Street Reform and Consumer Protection Act ................................................ 1 A. ...
... Table of Contents Index of Acronyms / Abbreviations .................................................................................................xv The Dodd-Frank Wall Street Reform and Consumer Protection Act ................................................ 1 A. ...
QMR_Q115_2014_Landscape (1) - Fiduciary Consulting Group
... These headlines are not offered to explain market returns. Instead, they serve as a reminder that investors should view daily events from a long-term perspective and avoid making investment decisions based solely on the news. Graph Source: MSCI ACWI Index. MSCI data © MSCI 2015, all rights reserved. ...
... These headlines are not offered to explain market returns. Instead, they serve as a reminder that investors should view daily events from a long-term perspective and avoid making investment decisions based solely on the news. Graph Source: MSCI ACWI Index. MSCI data © MSCI 2015, all rights reserved. ...
Denarius Capital Advisors Inc. d/b/a Money Intelligence
... • Development of Investment Policy Statement (IPS) – DCA will assist the Plan Sponsor in developing a written investment policy statement that defines the plan's purpose and provides a clear understanding concerning the investment policies and advice regarding the selection, monitoring, and replace ...
... • Development of Investment Policy Statement (IPS) – DCA will assist the Plan Sponsor in developing a written investment policy statement that defines the plan's purpose and provides a clear understanding concerning the investment policies and advice regarding the selection, monitoring, and replace ...
SASB Press Kit: Best Hits of 2015
... surface the UC appears to have joined the dozens of other long-term investors that have decided to divest in response to stakeholder pressure. (There was much rejoicing.) But this, friends, is different from and, dare I say, better than those other instances. Why? Because this is not a blanket dives ...
... surface the UC appears to have joined the dozens of other long-term investors that have decided to divest in response to stakeholder pressure. (There was much rejoicing.) But this, friends, is different from and, dare I say, better than those other instances. Why? Because this is not a blanket dives ...
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.