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... widely documented, secondary market trading was especially intensive for Internet and high-tech stocks during the Internet boom. To return to our favorite example, Palm, its stock turned over at the astonishing rate of once every week!17 In fact, researchers have found that stock valuations are posi ...
... widely documented, secondary market trading was especially intensive for Internet and high-tech stocks during the Internet boom. To return to our favorite example, Palm, its stock turned over at the astonishing rate of once every week!17 In fact, researchers have found that stock valuations are posi ...
Macroeconomic stress testing of a corporate credit portfolio Magister Scientiae By
... to risk factors to determine portfolio impacts at a very high level, or Bottom-Up approaches where modelling is based on some quantitative model which uses external factors as inputs to stress the risk parameters of underlying portfolios. The latter is usually the preferred method by different regul ...
... to risk factors to determine portfolio impacts at a very high level, or Bottom-Up approaches where modelling is based on some quantitative model which uses external factors as inputs to stress the risk parameters of underlying portfolios. The latter is usually the preferred method by different regul ...
Estimating the country risk premium in emerging markets: the case
... it is in emerging markets. As Estrada (2001) notes – defining the risk, determining the factors that influence the return on equity is complicated enough in developed countries but much more difficult in emerging markets. Estimation of the cost of equity in developed markets is mostly performed with th ...
... it is in emerging markets. As Estrada (2001) notes – defining the risk, determining the factors that influence the return on equity is complicated enough in developed countries but much more difficult in emerging markets. Estimation of the cost of equity in developed markets is mostly performed with th ...
1 Cross-Hedging Commodity Currencies
... reduction and profit motives of the hedger (Castellino, 1992). Again, a number of effectiveness measures have been proposed in the literature including the Sharpe (1994) measure, which has been widely adopted in hedging literature (Brailsford, Corrigan and Heaney, 2001), and the HBS measure of Howar ...
... reduction and profit motives of the hedger (Castellino, 1992). Again, a number of effectiveness measures have been proposed in the literature including the Sharpe (1994) measure, which has been widely adopted in hedging literature (Brailsford, Corrigan and Heaney, 2001), and the HBS measure of Howar ...
Document
... business is doing very well and has good prospects the value of its shares on the stock exchange might be, say, £16,000. Thus, anyone buying the shares would be entitled to the earnings but only after having paid four times the book value of the equity. Thus, the actual return on shareholders' funds ...
... business is doing very well and has good prospects the value of its shares on the stock exchange might be, say, £16,000. Thus, anyone buying the shares would be entitled to the earnings but only after having paid four times the book value of the equity. Thus, the actual return on shareholders' funds ...
Wealth Inequality and the Losses from Financial
... constrained, such transfer entails a flow of resources away from a high marginal product firm into a low marginal product firm. Second, there is a capital demand channel. If the poorer agent is capital constrained while the wealthier is not, the increase in wealth inequality tends to decrease aggreg ...
... constrained, such transfer entails a flow of resources away from a high marginal product firm into a low marginal product firm. Second, there is a capital demand channel. If the poorer agent is capital constrained while the wealthier is not, the increase in wealth inequality tends to decrease aggreg ...
Asia Pacific Real Estate Strategic Outlook
... Economic Outlook Japan: Japan’s prime minister Abe unveiled a new growth strategy in 2014 including corporate tax cuts, an investment policy change on Japan’s government pension fund and deregulation of the labour market. The corporate sector remained healthy in 2014 and the unemployment rate fell t ...
... Economic Outlook Japan: Japan’s prime minister Abe unveiled a new growth strategy in 2014 including corporate tax cuts, an investment policy change on Japan’s government pension fund and deregulation of the labour market. The corporate sector remained healthy in 2014 and the unemployment rate fell t ...
Financials Module: General Ledger
... and second) according to their exchange rate at the moment the transaction is recorded. This feature enables the production of reports in two currencies for the sake of comparison, without the need to carry out additional price adjustments. In addition, any foreign currency account can be maintained ...
... and second) according to their exchange rate at the moment the transaction is recorded. This feature enables the production of reports in two currencies for the sake of comparison, without the need to carry out additional price adjustments. In addition, any foreign currency account can be maintained ...
US Treasury Securities
... called the face value, or par value, which is paid back at maturity. With bills, however, your initial investment is less than par. This is known as buying at a discount. At maturity, you’re paid the face value, so the interest you’ve received is equivalent to the discount you got when you first bou ...
... called the face value, or par value, which is paid back at maturity. With bills, however, your initial investment is less than par. This is known as buying at a discount. At maturity, you’re paid the face value, so the interest you’ve received is equivalent to the discount you got when you first bou ...
How Does the Market View Bank Regulatory Capital Forbearance
... measures of the market perceptions of the time-varying regulatory agencies’ implementation of the bank closure rule. Using Wells Fargo as a case study, we show that our model effectively captures the market view about the regulatory capital forbearance practice. To gauge the size of the capital for ...
... measures of the market perceptions of the time-varying regulatory agencies’ implementation of the bank closure rule. Using Wells Fargo as a case study, we show that our model effectively captures the market view about the regulatory capital forbearance practice. To gauge the size of the capital for ...
O Countercyclical Capital Regulation: Should Bank Regulators Use Rules or
... after the injection of the new equity (Myers). This so-called “debt overhang problem” becomes more severe in a recession when depressed returns on a bank’s investment make the new injection even less favorable for shareholders.10 Selling off existing loans and other assets also may be insufficient i ...
... after the injection of the new equity (Myers). This so-called “debt overhang problem” becomes more severe in a recession when depressed returns on a bank’s investment make the new injection even less favorable for shareholders.10 Selling off existing loans and other assets also may be insufficient i ...
1861 - Syndicate annual accounts 2016
... underwriting methods. The resultant reduction in subscription business has required that the Syndicate differentiates on product, service, or the capability to lead business, in order to maintain market share in many lines. The Syndicate has had success in delivering this strategy, achieving premium ...
... underwriting methods. The resultant reduction in subscription business has required that the Syndicate differentiates on product, service, or the capability to lead business, in order to maintain market share in many lines. The Syndicate has had success in delivering this strategy, achieving premium ...
FUNDAMENTALS OF HEALTHCARE FINANCE Online Appendix B
... per dollar of assets or profit per dollar of revenue. At first blush, it might appear that there would be only a few profitability ratios. However, in the healthcare sector, especially in not-for-profit hospitals, there are many (perhaps too many) ways to measure ―profit.‖ For example, profit can be ...
... per dollar of assets or profit per dollar of revenue. At first blush, it might appear that there would be only a few profitability ratios. However, in the healthcare sector, especially in not-for-profit hospitals, there are many (perhaps too many) ways to measure ―profit.‖ For example, profit can be ...
q. are you the same charles e. olson whose direct testimony
... provide so wide a range as to be entitled to little weight, as is the case in this proceeding, but we are persuaded that to the extent it may be based upon circular reasoning, it should be tested in its end result by the application of other evidence of comparable earnings. In determining just and r ...
... provide so wide a range as to be entitled to little weight, as is the case in this proceeding, but we are persuaded that to the extent it may be based upon circular reasoning, it should be tested in its end result by the application of other evidence of comparable earnings. In determining just and r ...
Predicting Failures of Large U.S. Commercial Banks
... 2008). Additionally, another famous investment bank, Lehman Brothers, filed for bankruptcy protection in September 2008. To give perspective to the incident, the failure of Lehman Brothers acts as the largest corporate failure in the entire history of U.S. bankruptcy court (Tkaczyk, 2009). ...
... 2008). Additionally, another famous investment bank, Lehman Brothers, filed for bankruptcy protection in September 2008. To give perspective to the incident, the failure of Lehman Brothers acts as the largest corporate failure in the entire history of U.S. bankruptcy court (Tkaczyk, 2009). ...
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.