US Local Government General Obligation Debt
... taxes are historically more stable through economic cycles than sales taxes, income taxes, or other local government revenues. Even during depressed real estate cycles such as the US housing downturn over the last several years, property taxes have remained generally stable. One reason for this is t ...
... taxes are historically more stable through economic cycles than sales taxes, income taxes, or other local government revenues. Even during depressed real estate cycles such as the US housing downturn over the last several years, property taxes have remained generally stable. One reason for this is t ...
the dynamic stock returns volatility and macroeconomic factors in
... (2000) said that after liberalization, volatility will increase and be more sensitive to external macroeconomic development volatility as more foreign investors flock into the local market. The economy will move from an insulated market to an open and vulnerable international integration that will l ...
... (2000) said that after liberalization, volatility will increase and be more sensitive to external macroeconomic development volatility as more foreign investors flock into the local market. The economy will move from an insulated market to an open and vulnerable international integration that will l ...
the role of central bank rate on commercial banks profitability in
... interest rates could disproportionately affect the middle class who ordinarily are less affected by supply side inflation. If this effect comes through, then depressed middle class consumption demand could sharply undo employment gains and poverty reduction efforts since 2003. Since interest rates a ...
... interest rates could disproportionately affect the middle class who ordinarily are less affected by supply side inflation. If this effect comes through, then depressed middle class consumption demand could sharply undo employment gains and poverty reduction efforts since 2003. Since interest rates a ...
The importance of long-term financing by banks
... focusing on low-risk, long-term financing for real estate and regional authorities. Margins are much lower in this area of business than in investment banking, which is why it is difficult to attract additional providers of capital under the current conditions. These institutions are reducing their ...
... focusing on low-risk, long-term financing for real estate and regional authorities. Margins are much lower in this area of business than in investment banking, which is why it is difficult to attract additional providers of capital under the current conditions. These institutions are reducing their ...
Mise en page 1
... elections following J. Rawlings’ nineteen years in power that the first peaceful democratic handover of political power came about, confirming the onset of democracy. Since this major turning point in the political history of the fledgling democracy, transitions between elected governments have run ...
... elections following J. Rawlings’ nineteen years in power that the first peaceful democratic handover of political power came about, confirming the onset of democracy. Since this major turning point in the political history of the fledgling democracy, transitions between elected governments have run ...
IV. trade policies by sector
... livestock, and fisheries), the Ministry of Plantation Industries and Commodities (responsible for the overall development of the plantation and the commodities subsectors including pepper, coca, palm oil, rubber, timber, and tobacco), and the Ministry of Rural and Regional Development (responsible f ...
... livestock, and fisheries), the Ministry of Plantation Industries and Commodities (responsible for the overall development of the plantation and the commodities subsectors including pepper, coca, palm oil, rubber, timber, and tobacco), and the Ministry of Rural and Regional Development (responsible f ...
Black Box Corporation
... through two platforms it has built over its 37 -year history. The Products Platform is comprised of global sales and distribution, free 24/7/365 technical support, custom solutions, same-day delivery, lifetime warranties, quality control, global product management and sourcing. The current product c ...
... through two platforms it has built over its 37 -year history. The Products Platform is comprised of global sales and distribution, free 24/7/365 technical support, custom solutions, same-day delivery, lifetime warranties, quality control, global product management and sourcing. The current product c ...
Strategy: The Investment Outlook
... Bish Koziol (Quantitative Research Associate) Equities on both sides of the border advanced over the past three months. The S&P/TSX Composite rose 7.7% while the S&P 500 gained 4.7% over the same period. Year to date, the Canadian Index is up 16.9%, versus 9.9% for the S&P 500. The Industrial sector ...
... Bish Koziol (Quantitative Research Associate) Equities on both sides of the border advanced over the past three months. The S&P/TSX Composite rose 7.7% while the S&P 500 gained 4.7% over the same period. Year to date, the Canadian Index is up 16.9%, versus 9.9% for the S&P 500. The Industrial sector ...
Foreign debt and capital accumulátion
... You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. ...
... You are not to copy documents for public or commercial purposes, to exhibit the documents publicly, to make them publicly available on the internet, or to distribute or otherwise use the documents in public. ...
Monetary Policy and Speculative Stock Markets
... i) While standard deviations of inflation and output are roughly on the same level, the standard deviation of asset prices is roughly 10 times in magnitude. ii) Inflation is (weakly) countercyclical, i.e. negatively correlated with output. iii) Stock market prices and output are positively correlate ...
... i) While standard deviations of inflation and output are roughly on the same level, the standard deviation of asset prices is roughly 10 times in magnitude. ii) Inflation is (weakly) countercyclical, i.e. negatively correlated with output. iii) Stock market prices and output are positively correlate ...
northstar realty europe corp. - corporate
... potential devaluation of foreign currencies, predominately the Euro, relative to the U.S. dollar due to quantitative easing in Europe and/or other factors which could cause the U.S. dollar value of our investments to decline; ...
... potential devaluation of foreign currencies, predominately the Euro, relative to the U.S. dollar due to quantitative easing in Europe and/or other factors which could cause the U.S. dollar value of our investments to decline; ...
Leverage, Default, and Forgiveness: Lessons from the American
... could determine leverage as well as interest rates, and I showed that assets like houses that were good collateral would be priced higher (and sometimes too high) because they provided an additional service of facilitating borrowing. In 1994 Kidder Peabody went out of business after 135 years as a r ...
... could determine leverage as well as interest rates, and I showed that assets like houses that were good collateral would be priced higher (and sometimes too high) because they provided an additional service of facilitating borrowing. In 1994 Kidder Peabody went out of business after 135 years as a r ...
2016 Consolidated and separate financial statements
... affairs of the Barclays Africa Group Limited standalone (the Company) at the end of the reporting period and the net income and cash flows for the reporting period, and other information contained in this report. To enable the directors to meet these responsibilities: › All ...
... affairs of the Barclays Africa Group Limited standalone (the Company) at the end of the reporting period and the net income and cash flows for the reporting period, and other information contained in this report. To enable the directors to meet these responsibilities: › All ...
What Do We Know About the Labor Share and the Profit Share? Part
... Greenwood et al. (1997) identify a negative correlation between equipment prices and equipment investment or GNP. This, in turn, indicates that investment-specific technologies may serve as a driving force behind economic fluctuations. According to the authors, approximately 60 percent of postwar pr ...
... Greenwood et al. (1997) identify a negative correlation between equipment prices and equipment investment or GNP. This, in turn, indicates that investment-specific technologies may serve as a driving force behind economic fluctuations. According to the authors, approximately 60 percent of postwar pr ...
Supplementary Paper Series for the "Comprehensive Assessment
... firms' future cash flows, which, in turn, will raise their share price and increase the shadow price of their capital stock, leading to an increase in capital investment. Similarly, as will be discussed in a later section, an increase in exports also affects firms' output and profits, leading to hig ...
... firms' future cash flows, which, in turn, will raise their share price and increase the shadow price of their capital stock, leading to an increase in capital investment. Similarly, as will be discussed in a later section, an increase in exports also affects firms' output and profits, leading to hig ...
An Indirect Impact of the Price to Book Value to the Stock Returns
... Based on the above findings and discussion, the following conclusions can be made pertaining to the effects of PBV determinants and their indirect impacts to the stock returns of the property companies in Indonesia: 1. The DPR was found to have an insignificant effect partially on the PBV of the pro ...
... Based on the above findings and discussion, the following conclusions can be made pertaining to the effects of PBV determinants and their indirect impacts to the stock returns of the property companies in Indonesia: 1. The DPR was found to have an insignificant effect partially on the PBV of the pro ...
Financial Liberalization and Allocative Efficiency (April 2011)
... accumulation.2 Such aggregate TFP gains are associated with a sectoral reallocation of resources. Following liberalization, sectors that are more dependent on external …nance typically grow more — but then crash more severely during a crisis and su¤er a greater decline during the subsequent credit c ...
... accumulation.2 Such aggregate TFP gains are associated with a sectoral reallocation of resources. Following liberalization, sectors that are more dependent on external …nance typically grow more — but then crash more severely during a crisis and su¤er a greater decline during the subsequent credit c ...
Office Space Supply and Restrictions
... Oregon, still much less restrictive than applies in the UK, has been in force only since 1973 - not much more than half that time. Because regulatory constraints only affect new construction (at least directly – as we see in the UK they produce strong incentives, if tight enough, to induce conversio ...
... Oregon, still much less restrictive than applies in the UK, has been in force only since 1973 - not much more than half that time. Because regulatory constraints only affect new construction (at least directly – as we see in the UK they produce strong incentives, if tight enough, to induce conversio ...
Is monetary policy less effective when interest rates are persistently
... levels. Long-term rates have also trended down, albeit more gradually, over this period: in nominal terms, they fell from between 3–4% in 2009 to below 1% in 2016, on average (Graph 1, centre panel); in real terms, they have been mostly negative since 2012. Indeed, following the adoption of negative ...
... levels. Long-term rates have also trended down, albeit more gradually, over this period: in nominal terms, they fell from between 3–4% in 2009 to below 1% in 2016, on average (Graph 1, centre panel); in real terms, they have been mostly negative since 2012. Indeed, following the adoption of negative ...
NBER WORKING PAPER SERIES SOVEREIGN DEFAULT, DEBT RESTRUCTURING, AND RECOVERY RATES:
... and I analyze data on 180 bank loans and bond restructurings between 1978 and 2010; these are all the restructurings for which there is enough information. I also present a fairly detailed analysis of the Argentine restructuring of 2005, arguably the most controversial episode in recent memory. In S ...
... and I analyze data on 180 bank loans and bond restructurings between 1978 and 2010; these are all the restructurings for which there is enough information. I also present a fairly detailed analysis of the Argentine restructuring of 2005, arguably the most controversial episode in recent memory. In S ...
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.