foreign bank participation in emerging markets
... Although there is considerable literature on the effects of foreign banks in the home and host countries, the literature on the foreign banks profitability and risk of being foreign is limited. This research aims to look at the foreign bank entrances to developing countries from a different perspect ...
... Although there is considerable literature on the effects of foreign banks in the home and host countries, the literature on the foreign banks profitability and risk of being foreign is limited. This research aims to look at the foreign bank entrances to developing countries from a different perspect ...
Investment Analysis and Portfolio Management
... maturity, Investment 3 should have a higher maturity premium. The interest rate on Investment 3, r3, should thus be above 2.5 percent (the interest rate on Investment 2). If the liquidity of Investment 3 were high, Investment 3 would match Investment 4 except for investment 3’s shorter maturity. We ...
... maturity, Investment 3 should have a higher maturity premium. The interest rate on Investment 3, r3, should thus be above 2.5 percent (the interest rate on Investment 2). If the liquidity of Investment 3 were high, Investment 3 would match Investment 4 except for investment 3’s shorter maturity. We ...
What drives investor risk aversion? - Bank for International Settlements
... exchange by means of an electronic system. The original maturities of the options in our sample are one and two months. In order to eliminate time to maturity effects from our estimates, we need to estimate a preference-weighted PDF with a constant horizon. If the effect of the downward trend in the ...
... exchange by means of an electronic system. The original maturities of the options in our sample are one and two months. In order to eliminate time to maturity effects from our estimates, we need to estimate a preference-weighted PDF with a constant horizon. If the effect of the downward trend in the ...
What is Indexed Universal Life?
... • The rapid rise and gradual decline of interest rates in the late 1970’s and early 1980’s forced innovation • Coupled with the spectacular run up in equity markets, this combined to create the perfect setting for new products and new company structures that appeared to be very logical strategic bet ...
... • The rapid rise and gradual decline of interest rates in the late 1970’s and early 1980’s forced innovation • Coupled with the spectacular run up in equity markets, this combined to create the perfect setting for new products and new company structures that appeared to be very logical strategic bet ...
Corporation Equity Transactions
... board of directors, or simply, directors. Each stockholder usually has one vote for each share of stock owned. Directors are responsible for and have final authority for managing corporate activities. A board can act only as a collective body and usually limits its actions to setting general policy. ...
... board of directors, or simply, directors. Each stockholder usually has one vote for each share of stock owned. Directors are responsible for and have final authority for managing corporate activities. A board can act only as a collective body and usually limits its actions to setting general policy. ...
report - Standard Chartered Bank
... Velocity (V) is the number of times money changes hands. Note that transactions (T) include not just goods and services, i.e., GDP. It includes all transactions including financial transactions. Hence a rise in money may portend an increase in stock or house purchases. This effect can be seen in som ...
... Velocity (V) is the number of times money changes hands. Note that transactions (T) include not just goods and services, i.e., GDP. It includes all transactions including financial transactions. Hence a rise in money may portend an increase in stock or house purchases. This effect can be seen in som ...
Fundamental indexation: an active value strategy in disguise
... associated with capitalization-weighted indices. As Perold (2007) and Kaplan (2008) argue, if we assume that pricing errors are random (in particular, unrelated to valuation ratios), the theoretical case for a systematic outperformance of fundamental indexation breaks down. We can illustrate the str ...
... associated with capitalization-weighted indices. As Perold (2007) and Kaplan (2008) argue, if we assume that pricing errors are random (in particular, unrelated to valuation ratios), the theoretical case for a systematic outperformance of fundamental indexation breaks down. We can illustrate the str ...
The IMF and the Force of History: Ten Events and Ten Ideas That
... defined and never did gel into an effective role.1 They created the International Labour Organization, but its role was specialized and limited. The conference’s neglect of economics did not result from a failure to understand the importance of international trade for prosperity and thus for maintai ...
... defined and never did gel into an effective role.1 They created the International Labour Organization, but its role was specialized and limited. The conference’s neglect of economics did not result from a failure to understand the importance of international trade for prosperity and thus for maintai ...
Irwin/McGraw-Hill
... December 31 fiscal year. Several competitors use a July 1 to June 30 fiscal year. Most of Hermetic’s sales are to small retailers on credit terms. Some competitors are cash only businesses. About 50% of Hermetic’s annual sales occur in the last quarter, October to December. Hermetic generally uses ...
... December 31 fiscal year. Several competitors use a July 1 to June 30 fiscal year. Most of Hermetic’s sales are to small retailers on credit terms. Some competitors are cash only businesses. About 50% of Hermetic’s annual sales occur in the last quarter, October to December. Hermetic generally uses ...
First Quarter 2017 Report to Shareholders
... Both reported net income and adjusted net income were $376 million, an increase of $119 million or 46% from a year ago. Results were driven by strong revenue performance in our Trading Products business, which benefited from higher client activity and more constructive markets, and higher Investment ...
... Both reported net income and adjusted net income were $376 million, an increase of $119 million or 46% from a year ago. Results were driven by strong revenue performance in our Trading Products business, which benefited from higher client activity and more constructive markets, and higher Investment ...
LCCARL272_en.pdf
... Barbuda and Dominica, reported a reduction in inflation. In Antigua and Barbuda, this was mainly due to the introduction of a partial pass-through pricing regime and a subsequent upward adjustment in the fuel surcharge. In Dominica, this was due to price increases for locally-produced fish, fruit an ...
... Barbuda and Dominica, reported a reduction in inflation. In Antigua and Barbuda, this was mainly due to the introduction of a partial pass-through pricing regime and a subsequent upward adjustment in the fuel surcharge. In Dominica, this was due to price increases for locally-produced fish, fruit an ...
(Attachment: 7)Appendix B (82K/bytes)
... investment (this only applies to call accounts). 15. The Council’s cash balances are subject to significant fluctuations during the month and in particular at year end. For practical purposes investment limits have always been applied to the investments at the time the deal is made, this includes ca ...
... investment (this only applies to call accounts). 15. The Council’s cash balances are subject to significant fluctuations during the month and in particular at year end. For practical purposes investment limits have always been applied to the investments at the time the deal is made, this includes ca ...
Diversification, Pricing, Policy and Credit Union Risk
... (BHC) risk and finds that they are associated with a reduced probability of bankruptcy. However, when Demsetz and Strahan (1997) decompose the variance of bank returns into systematic and unsystematic components they find that while large BHCs are better diversified in their activities than smaller ...
... (BHC) risk and finds that they are associated with a reduced probability of bankruptcy. However, when Demsetz and Strahan (1997) decompose the variance of bank returns into systematic and unsystematic components they find that while large BHCs are better diversified in their activities than smaller ...
Map of Nigeria - Developing Markets Associates Limited (DMA)
... mid-January 2009, effectively, limits the provision of forex to only ‘legitimate’ end-users who need hard currency for external trade, but cannot speculate on the interbank market. Any amounts not sold to eligible customers in five working days must be resold to the CBN. The CBN is committed to mana ...
... mid-January 2009, effectively, limits the provision of forex to only ‘legitimate’ end-users who need hard currency for external trade, but cannot speculate on the interbank market. Any amounts not sold to eligible customers in five working days must be resold to the CBN. The CBN is committed to mana ...
LASERS Asset Allocation Follow Up
... process of exiting excess supply when the economy is below full employment and inflation is below the (2%) target. If the Fed misses the bulls-eye, we may see inflation greater than the 2% target--say 3 or 4%, but not hyper-inflation. Excess reserves on bank balance sheets will lead to credit expans ...
... process of exiting excess supply when the economy is below full employment and inflation is below the (2%) target. If the Fed misses the bulls-eye, we may see inflation greater than the 2% target--say 3 or 4%, but not hyper-inflation. Excess reserves on bank balance sheets will lead to credit expans ...
Board Independence, Ownership Structure and Firm
... convergence of interest between managers and shareholders, so act to increase the value of firm. However, Stulz (1988) give his argument that increase in managerial ownership might encourage the managers to take decisions in their self best interest, known as entrenchment effect. In the presence of ...
... convergence of interest between managers and shareholders, so act to increase the value of firm. However, Stulz (1988) give his argument that increase in managerial ownership might encourage the managers to take decisions in their self best interest, known as entrenchment effect. In the presence of ...
Task force on Climate-Related Disclosures
... framework within ESG and other reporting guidance, with the London Stock Exchange Group already having implemented this in 2017. Service providers: we recommend that supplemental guidance is introduced to promote disclosure by service providers such as investment consultants. Metrics: we recommend f ...
... framework within ESG and other reporting guidance, with the London Stock Exchange Group already having implemented this in 2017. Service providers: we recommend that supplemental guidance is introduced to promote disclosure by service providers such as investment consultants. Metrics: we recommend f ...
MIMIC: A Proposal for Deposit Insurance Reform - Berkeley-Haas
... country of origin but, partly as a consequence of the operations of internationally active commercial banks, shocks that originate anywhere in today’s interconnected, sophisticated, financial markets can reverberate around the globe on financial markets and on banking. The reverberations of such fi ...
... country of origin but, partly as a consequence of the operations of internationally active commercial banks, shocks that originate anywhere in today’s interconnected, sophisticated, financial markets can reverberate around the globe on financial markets and on banking. The reverberations of such fi ...
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.