The Great Wall of Debt: Real Estate, Political Risk, and Chinese
... guarantee from local governments and indirect backing from central government. Our paper offers a fresh perspective to the booming literature on China’s real estate market. Real estate is an important driver of the Chinese economy, also a soaring concern for the impact of its meltdown on the Chinese ...
... guarantee from local governments and indirect backing from central government. Our paper offers a fresh perspective to the booming literature on China’s real estate market. Real estate is an important driver of the Chinese economy, also a soaring concern for the impact of its meltdown on the Chinese ...
FORM 10-Q - Investor Overview
... We have made statements in this Quarterly Report on Form 10-Q (including in “Management's Discussion and Analysis of Financial Condition and Results of Operations”) that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can ...
... We have made statements in this Quarterly Report on Form 10-Q (including in “Management's Discussion and Analysis of Financial Condition and Results of Operations”) that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can ...
mortgage rates in kenya: implications for homeownership
... having only 15,803 loans. The growth rate has been low since 2006 though with a steady growth of 14% annually but still the growth is below 50%, therefore the loan portfolio remains small. In terms of mortgage debt to GDP ratios, Kenya’s ratio is low by international standards. the mortgage debt to ...
... having only 15,803 loans. The growth rate has been low since 2006 though with a steady growth of 14% annually but still the growth is below 50%, therefore the loan portfolio remains small. In terms of mortgage debt to GDP ratios, Kenya’s ratio is low by international standards. the mortgage debt to ...
CMBS Subordination, Ratings Inflation, and Regulatory
... The empirical papers most closely related to ours are Griffin and Tang (2009), Ashcraft et al. (2009), and Benmelech and Dlugosz (2009). Griffin and Tang (2009) analyze the outputs of a rating agency’s credit model for a sample of CDOs between 1997 and 2007. They find that the actual size of the AAA ...
... The empirical papers most closely related to ours are Griffin and Tang (2009), Ashcraft et al. (2009), and Benmelech and Dlugosz (2009). Griffin and Tang (2009) analyze the outputs of a rating agency’s credit model for a sample of CDOs between 1997 and 2007. They find that the actual size of the AAA ...
DUCKWALL ALCO STORES INC
... Net earnings increased 23.9% for the third quarter of fiscal 1999 to $1,119, an increase of $216 over the net earnings of $903 for the third quarter of fiscal 1998. The Company has had 23 consecutive quarters of earnings growth (where current quarter earnings have exceeded prior year earnings for th ...
... Net earnings increased 23.9% for the third quarter of fiscal 1999 to $1,119, an increase of $216 over the net earnings of $903 for the third quarter of fiscal 1998. The Company has had 23 consecutive quarters of earnings growth (where current quarter earnings have exceeded prior year earnings for th ...
Western Hemisphere Regional Economic Outlook
... economies continues to be modest and uneven. In the United States, an expanding economy driven by consumption has enabled an interest rate lift-off, marking a first step toward gradual monetary normalization. But recovery elsewhere, notably, in Japan and the euro area, remains fragile. With further ...
... economies continues to be modest and uneven. In the United States, an expanding economy driven by consumption has enabled an interest rate lift-off, marking a first step toward gradual monetary normalization. But recovery elsewhere, notably, in Japan and the euro area, remains fragile. With further ...
THE IMPORTANCE OF THE NUMBER OF DIFFERENT AGENTS IN
... popular tools in the macro asset-pricing literature. Heterogeneity usually arises because an agent’s income is affected not only by aggregate but also by idiosyncratic income shocks, but other forms of heterogeneity have also been considered.1 These models have been shown to be an improvement over s ...
... popular tools in the macro asset-pricing literature. Heterogeneity usually arises because an agent’s income is affected not only by aggregate but also by idiosyncratic income shocks, but other forms of heterogeneity have also been considered.1 These models have been shown to be an improvement over s ...
Loan Loss Provision (Allowances)
... in losses are a reasonable starting point for the institution’s analysis, these factors are not, by themselves, a sufficient basis to determine the appropriate level for the overall allowance. Management should also consider any current factors that are likely to cause losses associated with the ban ...
... in losses are a reasonable starting point for the institution’s analysis, these factors are not, by themselves, a sufficient basis to determine the appropriate level for the overall allowance. Management should also consider any current factors that are likely to cause losses associated with the ban ...
Outlook The Last Innings
... pace of innovation remains unparalleled. The list goes on. Notwithstanding the positive data, many are unconvinced about the solidity of the economic recovery and the underpinnings of this bull market. The naysayers believe that secular forces have constrained and will continue to hold back the US ...
... pace of innovation remains unparalleled. The list goes on. Notwithstanding the positive data, many are unconvinced about the solidity of the economic recovery and the underpinnings of this bull market. The naysayers believe that secular forces have constrained and will continue to hold back the US ...
Ch16 - NYU Stern
... chapter, you first consider what each of these is supposed to measure, explore a simple model for the costs and then examine the special problems associated with estimating each for technology firms. The cost of equity is the rate of return that investors in a firm’s equity expect to make on their i ...
... chapter, you first consider what each of these is supposed to measure, explore a simple model for the costs and then examine the special problems associated with estimating each for technology firms. The cost of equity is the rate of return that investors in a firm’s equity expect to make on their i ...
Financial Management for Entrepreneurs
... higher degrees of indebtedness than their U.S. counterparts. • In most European and Pacific Rim countries, large commercial banks are more actively involved in the financing of corporate activity than has been true in the U.S. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. ...
... higher degrees of indebtedness than their U.S. counterparts. • In most European and Pacific Rim countries, large commercial banks are more actively involved in the financing of corporate activity than has been true in the U.S. Copyright © 2006 Pearson Addison-Wesley. All rights reserved. ...
Financing Sustainability - (V2G) Conference, Amsterdam May 2017
... legislation, subsidies and fiscal treatment are highly volatile. And finally, the technologies themselves are evolving at a rapid pace. To sum up, great opportunities but also associated material financial risks, as is often the case with great opportunities. Thankfully, we do not have to start from ...
... legislation, subsidies and fiscal treatment are highly volatile. And finally, the technologies themselves are evolving at a rapid pace. To sum up, great opportunities but also associated material financial risks, as is often the case with great opportunities. Thankfully, we do not have to start from ...
The Discount Rate for Wrongful Death and Injury Cases
... It is generally accepted that the rate of return on conservative investments is to be used to discount future earnings to present value in cases involving injury or wrongful death. In determining the discount rate to use the period from 1953-1990 or some sub-period is usually used. This paper sugges ...
... It is generally accepted that the rate of return on conservative investments is to be used to discount future earnings to present value in cases involving injury or wrongful death. In determining the discount rate to use the period from 1953-1990 or some sub-period is usually used. This paper sugges ...
EUROPEAN COMMISSION Brussels, 26.2.2016 SWD(2016) 78 final
... successful completion of the financial assistance programme facilitated the repair of the banking sector. Helped by monetary policy and a reinforced euro area governance framework, this broke the link between the financial sector and the sovereign debt and paved the way for a return of capital inflo ...
... successful completion of the financial assistance programme facilitated the repair of the banking sector. Helped by monetary policy and a reinforced euro area governance framework, this broke the link between the financial sector and the sovereign debt and paved the way for a return of capital inflo ...
a century of stock market liquidity and trading
... Since the proportional commission depends only on the share price, it is possible to estimate the weighted average commission rate during the fixed commission regime by looking only at the cross-sectional distribution of share prices and the total volume of trade. Other than ignoring odd lot transac ...
... Since the proportional commission depends only on the share price, it is possible to estimate the weighted average commission rate during the fixed commission regime by looking only at the cross-sectional distribution of share prices and the total volume of trade. Other than ignoring odd lot transac ...
System for Dissemination of Reference Statistical Prices (Yields) for
... Various lists of “Reference Statistical Prices [Yields] for OTC Bond Transactions” available on JSDA’s website can be downloaded in the formats explained in Reference for Downloaded Reference Statistical Prices [Yields] for OTC Bond Transactions. ...
... Various lists of “Reference Statistical Prices [Yields] for OTC Bond Transactions” available on JSDA’s website can be downloaded in the formats explained in Reference for Downloaded Reference Statistical Prices [Yields] for OTC Bond Transactions. ...
Financial Planning, PowerPoint Show
... If AFN is positive, then you must secure additional financing. If AFN is negative, then you have more financing than is needed. Pay off debt. Buy back stock. ...
... If AFN is positive, then you must secure additional financing. If AFN is negative, then you have more financing than is needed. Pay off debt. Buy back stock. ...
Financial and Marketing Management
... students. The book has been written keeping in mind the general weakness in understanding the fundamental concepts of the topics. The book is self-explanatory and adopts the “Teach Yourself” style. It is based on question-answer pattern. The language of book is quite easy and understandable based on ...
... students. The book has been written keeping in mind the general weakness in understanding the fundamental concepts of the topics. The book is self-explanatory and adopts the “Teach Yourself” style. It is based on question-answer pattern. The language of book is quite easy and understandable based on ...
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.