The Effect of Sunk Costs on the Outcome of
... “Repo Markets, Counterparty Risk, and the 2007/2008 Liquidity Crisis” NASM, June 20, 2008, Christian Ewerhart, University of Zurich ...
... “Repo Markets, Counterparty Risk, and the 2007/2008 Liquidity Crisis” NASM, June 20, 2008, Christian Ewerhart, University of Zurich ...
The benefits of private equity investment
... model is that we would expect to see much faster revenue growth in smaller companies in the funds portfolio than in larger companies. While there may be a general expectation that successful smaller companies can enjoy higher growth rates than larger ones, as they are expanding off a low base, in th ...
... model is that we would expect to see much faster revenue growth in smaller companies in the funds portfolio than in larger companies. While there may be a general expectation that successful smaller companies can enjoy higher growth rates than larger ones, as they are expanding off a low base, in th ...
International Fixed Interest Fund
... Note that even the lowest category does not mean a risk-free investment, and there may be other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund's future performance. The risk indicator is based on the returns data for the five years ended 31 March 2017. W ...
... Note that even the lowest category does not mean a risk-free investment, and there may be other risks that are not captured by this rating. This risk indicator is not a guarantee of a fund's future performance. The risk indicator is based on the returns data for the five years ended 31 March 2017. W ...
Risk and Utility
... Eliciting a Utility Curve (Cont.) Repeat the process another time, say with $10 and $30. Find EMV. This is now $20. Trade in the gamble for say $18. ...
... Eliciting a Utility Curve (Cont.) Repeat the process another time, say with $10 and $30. Find EMV. This is now $20. Trade in the gamble for say $18. ...
NBER WORKING PAPER SERIES INTERNATIONAL CAPITAL FLOWS AND HOUSE PRICES: Jack Favilukis
... The last …fteen years have been marked by a dramatic boom-bust cycle in real estate prices, a pattern unprecedented both in amplitude and in scope that a¤ected many countries around the globe and most regions within the United States (Figure 1). Over the same period, there were economically large ‡u ...
... The last …fteen years have been marked by a dramatic boom-bust cycle in real estate prices, a pattern unprecedented both in amplitude and in scope that a¤ected many countries around the globe and most regions within the United States (Figure 1). Over the same period, there were economically large ‡u ...
Fingrid Oyj
... www.moodys.com under the heading "Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy." Additional terms for Australia only: Any publication into Australia of this document is pursuant to the Australian Financial Services License of MOODY'S affiliate, Moody's Inve ...
... www.moodys.com under the heading "Investor Relations — Corporate Governance — Director and Shareholder Affiliation Policy." Additional terms for Australia only: Any publication into Australia of this document is pursuant to the Australian Financial Services License of MOODY'S affiliate, Moody's Inve ...
An Introduction to Capital Controls - St. Louis Fed
... capital controls.1 One of the architects of those articles, John Maynard Keynes, was a strong proponent of capital controls and the IMF often was seen as such during its early years. During the Bretton-Woods era of fixed-exchange rates, many countries limited asset transactions to cope with balance- ...
... capital controls.1 One of the architects of those articles, John Maynard Keynes, was a strong proponent of capital controls and the IMF often was seen as such during its early years. During the Bretton-Woods era of fixed-exchange rates, many countries limited asset transactions to cope with balance- ...
Estimation for Production Factors in World Major Economies
... as well as economic growth and regarded the goods capital, the number of labor as factor endowment to carry out the preliminary calculation on them. Xu and Wang (2006) calculated factors endowment of technology by the salary in manufacturing industry and per capital GDP in order to study on the divi ...
... as well as economic growth and regarded the goods capital, the number of labor as factor endowment to carry out the preliminary calculation on them. Xu and Wang (2006) calculated factors endowment of technology by the salary in manufacturing industry and per capital GDP in order to study on the divi ...
econ stor www.econstor.eu
... more and more banks were affected by the Global Financial Crisis (GFC), central banks developed new approaches and took untraditional measures to contain the crisis. As policy rates approached the lower bound, they increasingly viewed balance sheet operations as a supplementary policy tool. The Fede ...
... more and more banks were affected by the Global Financial Crisis (GFC), central banks developed new approaches and took untraditional measures to contain the crisis. As policy rates approached the lower bound, they increasingly viewed balance sheet operations as a supplementary policy tool. The Fede ...
econstor
... identify the present conditions, they come to a non-optimal leverage choice. Firms operating at a non-optimal leverage ratio face costs of being over- or underlevered. We find that these costs are higher in recessions than in expansions. In recessions marginal default costs increase more rapidly wit ...
... identify the present conditions, they come to a non-optimal leverage choice. Firms operating at a non-optimal leverage ratio face costs of being over- or underlevered. We find that these costs are higher in recessions than in expansions. In recessions marginal default costs increase more rapidly wit ...
Vo l u m e 6 5 ... C o n t e n t s
... For most of the period since 1994, the target range for annual Consumers Price Index (CPI) inflation, established by the Policy Targets Agreements (PTA), was 0 to 3 per cent. Over this period, actual CPI inflation has averaged 2 per cent. As one might expect, analysis shows that our medium-term CPI ...
... For most of the period since 1994, the target range for annual Consumers Price Index (CPI) inflation, established by the Policy Targets Agreements (PTA), was 0 to 3 per cent. Over this period, actual CPI inflation has averaged 2 per cent. As one might expect, analysis shows that our medium-term CPI ...
vsi10 roc Vogel 13241617 en
... The emergence and persistence of large global current account imbalances has attracted a lot of economic research and policy discussion (see Gruber and Kamin, 2007). Part of the work focuses on net debtor countries as the pull side of global imbalances (e.g. Bems et al., 2007; Blanchard, 2007; Bussi ...
... The emergence and persistence of large global current account imbalances has attracted a lot of economic research and policy discussion (see Gruber and Kamin, 2007). Part of the work focuses on net debtor countries as the pull side of global imbalances (e.g. Bems et al., 2007; Blanchard, 2007; Bussi ...
Your Client or Vendor Just Filed for Bankruptcy – Tips on What
... performed by both parties Leases for real estate and personal property Debtor can assume or reject the contracts If assume, must perform If reject, you may have damages ...
... performed by both parties Leases for real estate and personal property Debtor can assume or reject the contracts If assume, must perform If reject, you may have damages ...
US Money Market Reform: The Scandi angle
... All in all, it is probably too early to call an end to the move higher in USD Libor fixings and spill-over to other markets as long as the outflow from prime money market funds continues. But the speed should, in our view, moderate now as we already see a USD500bn flow out of a stock of around USD1, ...
... All in all, it is probably too early to call an end to the move higher in USD Libor fixings and spill-over to other markets as long as the outflow from prime money market funds continues. But the speed should, in our view, moderate now as we already see a USD500bn flow out of a stock of around USD1, ...
Monetary Policy Statement September 2007 Contents
... increases the likelihood of a weaker economic outlook for the United States and New Zealand’s other key trading partners than in recent forecasts. The consequences of this financial market turmoil for New Zealand remain unclear at this stage. However, we continue to expect a significant boost to the ...
... increases the likelihood of a weaker economic outlook for the United States and New Zealand’s other key trading partners than in recent forecasts. The consequences of this financial market turmoil for New Zealand remain unclear at this stage. However, we continue to expect a significant boost to the ...
CREDIT SUPPLY AND THE HOUSING BOOM
... several channels.1 First, tranching creates highly rated assets out of pools of risky mortgages. These assets can then be purchased by those institutional investors that are restricted by regulation to only hold fixed-income securities with high ratings. As a result, the boom in securitization contr ...
... several channels.1 First, tranching creates highly rated assets out of pools of risky mortgages. These assets can then be purchased by those institutional investors that are restricted by regulation to only hold fixed-income securities with high ratings. As a result, the boom in securitization contr ...
Risk Allocation, Debt Fueled Expansion and Financial Crisis ∗ Paul Beaudry
... excessive risk taking by poorly supervised bank executives. While all of these forces may have been present, they all suggest that the 2001-2007 expansion was built mainly on errors and abuses. ...
... excessive risk taking by poorly supervised bank executives. While all of these forces may have been present, they all suggest that the 2001-2007 expansion was built mainly on errors and abuses. ...
The Kelly criterion and its variants
... Hathaway and Ford Foundation monthly returns as a histogram and show the losing months and the winning months in a smooth curve. We want to penalize Warren for losing but not for winning. So define the downside risk as ...
... Hathaway and Ford Foundation monthly returns as a histogram and show the losing months and the winning months in a smooth curve. We want to penalize Warren for losing but not for winning. So define the downside risk as ...
an impact analysis of global recession on the indian banking sector
... Indian banking rectors remain insulated from the factors leading to the financial crisis. The Banking sector no doubt has faced the pressures of profitability due to higher funding costs, mark-to-market requirements on investment portfolios, and asset quality pressures due to a slowing economy. Duri ...
... Indian banking rectors remain insulated from the factors leading to the financial crisis. The Banking sector no doubt has faced the pressures of profitability due to higher funding costs, mark-to-market requirements on investment portfolios, and asset quality pressures due to a slowing economy. Duri ...
Subject CT1: Financial Mathematics
... and Institute of Actuaries, 2005. 40 pages. A central discontinuance fund for pension schemes. Black, J. M.; Booth, G.; Cooper, D. R. et al. SIAS, 1999. 34 pages. Continuing care retirement communities - attractive to members, but what about sponsors? Humble, R. A.; Ryan, D. G. BAJ (1998) 4(3): 547- ...
... and Institute of Actuaries, 2005. 40 pages. A central discontinuance fund for pension schemes. Black, J. M.; Booth, G.; Cooper, D. R. et al. SIAS, 1999. 34 pages. Continuing care retirement communities - attractive to members, but what about sponsors? Humble, R. A.; Ryan, D. G. BAJ (1998) 4(3): 547- ...
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... Land values tend to be less volatile than commodity prices While timber and crop prices drive income returns, land values remain somewhat insulated from commodity price volatility. Property values tend to respond to longer-term commodity price trends, rather than short-term fluctuations (Exhibits 7 ...
... Land values tend to be less volatile than commodity prices While timber and crop prices drive income returns, land values remain somewhat insulated from commodity price volatility. Property values tend to respond to longer-term commodity price trends, rather than short-term fluctuations (Exhibits 7 ...
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.