market value margin
... bonds are truly held to maturity, but then: •investment opportunities vanish •if market value of bonds is below amortized cost, any selling of a bond leads to realization of a loss •if assets have to be sold, recently bought bonds or equities have to be used to keep realized losses under control •if ...
... bonds are truly held to maturity, but then: •investment opportunities vanish •if market value of bonds is below amortized cost, any selling of a bond leads to realization of a loss •if assets have to be sold, recently bought bonds or equities have to be used to keep realized losses under control •if ...
harvard, yale, and alternative investments: a post
... are legally required to spend at least 5% of assets annually. Universities with larger endowments have higher average spending ...
... are legally required to spend at least 5% of assets annually. Universities with larger endowments have higher average spending ...
Discounting Pension Liabilities: Funding versus Value
... the market value of the liabilities. Measuring underfunding and placing a market value on liabilities are clearly two distinct concepts, and both are useful for answering different questions. For example, the use of a default-free discount rate is informative to participants who want to know how muc ...
... the market value of the liabilities. Measuring underfunding and placing a market value on liabilities are clearly two distinct concepts, and both are useful for answering different questions. For example, the use of a default-free discount rate is informative to participants who want to know how muc ...
Green quantitative easing
... way. And that’s very easy indeed. Quantitative easing is, when all is said and done, the Bank of England granting the Treasury an overdraft. There is, however, a problem in the Bank of England doing that: under the European Union's Maastricht Treaty it is illegal for the Bank of England to lend mone ...
... way. And that’s very easy indeed. Quantitative easing is, when all is said and done, the Bank of England granting the Treasury an overdraft. There is, however, a problem in the Bank of England doing that: under the European Union's Maastricht Treaty it is illegal for the Bank of England to lend mone ...
F ifty years ago Henry C. Simons challenged the concept of... exemption when he remarked (1938):
... prices, will induce an appropriate allocation of resources. This issue will be discussed in the third section of the article. 1 Note that the word "efficiency" in this context is used quite differently from the engineering context (getting the most for any given amount of inputs) or the economic con ...
... prices, will induce an appropriate allocation of resources. This issue will be discussed in the third section of the article. 1 Note that the word "efficiency" in this context is used quite differently from the engineering context (getting the most for any given amount of inputs) or the economic con ...
real-world economics review
... for Greece – please sign – The power of economic theory: Graphically illustrated – Empirical evidence now irrevocably shows banks create money out of thin air – Varoufakis restores the rule of law – Is the UK facing another financial crisis? (3 graphs) – The current conflict is not between nations, ...
... for Greece – please sign – The power of economic theory: Graphically illustrated – Empirical evidence now irrevocably shows banks create money out of thin air – Varoufakis restores the rule of law – Is the UK facing another financial crisis? (3 graphs) – The current conflict is not between nations, ...
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... ing 2014 and was approved by the Parliament and Senate in December 2014. Hence, as of January 2015 the new pension framework has been in place. The eventual framework introduces a number of changes compared with the previous framework. Firstly, maximum (tax-facilitated) pension accrual rates have be ...
... ing 2014 and was approved by the Parliament and Senate in December 2014. Hence, as of January 2015 the new pension framework has been in place. The eventual framework introduces a number of changes compared with the previous framework. Firstly, maximum (tax-facilitated) pension accrual rates have be ...
information memorandum of anubhav industrial resources
... known or are now deemed immaterial, actually occur, our business and financial results could be materially and adversely affected, the trading price of the Equity Shares could decline significantly and you may lose all or part of your investment. MANAGEMENT PERCEPTION The Company has been in the bus ...
... known or are now deemed immaterial, actually occur, our business and financial results could be materially and adversely affected, the trading price of the Equity Shares could decline significantly and you may lose all or part of your investment. MANAGEMENT PERCEPTION The Company has been in the bus ...
Global Risk Aversion, Contagion or Fundamentals?
... costs. This could also lead to an increase in rollover risk, as debt might have to be refinanced at unusually high cost or, in extreme cases, cannot be rolled over at all. Large increase in government funding costs can thus cause real economic losses, in addition to the purely financial effects of h ...
... costs. This could also lead to an increase in rollover risk, as debt might have to be refinanced at unusually high cost or, in extreme cases, cannot be rolled over at all. Large increase in government funding costs can thus cause real economic losses, in addition to the purely financial effects of h ...
Clamoring for Greenbacks: Explaining the
... monetary system, based on the U.S. dollar, the Euro, and the Chinese renminbi (RMB), would make the world economy more stable because it requires for the issuers of the key currencies to check and discipline their fiscal conditions. From that view, the weakening credibility of the Euro may contribut ...
... monetary system, based on the U.S. dollar, the Euro, and the Chinese renminbi (RMB), would make the world economy more stable because it requires for the issuers of the key currencies to check and discipline their fiscal conditions. From that view, the weakening credibility of the Euro may contribut ...
EBIX INC (Form: 10-K, Received: 02/29/2016 15:38:27)
... The Company acquired PB Systems, Inc. and PB Systems Private Limited (together being "PB Systems"), effective June 1, 2015. PB Systems develops and implements software solutions for insurance clients. Ebix acquired PB Systems for upfront cash consideration in the amount of $12.4 million, plus possib ...
... The Company acquired PB Systems, Inc. and PB Systems Private Limited (together being "PB Systems"), effective June 1, 2015. PB Systems develops and implements software solutions for insurance clients. Ebix acquired PB Systems for upfront cash consideration in the amount of $12.4 million, plus possib ...
The sTrengTh To persisT. The TenaciTy To prevail.
... Company Limited of Singapore. With the Group’s core expertise and solid foundation of over a century of smelting excellence to its credit, the Group’s smelting facility in Butterworth operates one of the most cost efficient smelting plants in the world converting primary, secondary, and often comple ...
... Company Limited of Singapore. With the Group’s core expertise and solid foundation of over a century of smelting excellence to its credit, the Group’s smelting facility in Butterworth operates one of the most cost efficient smelting plants in the world converting primary, secondary, and often comple ...
The Causes of Fraud in Financial Crises: Evidence
... misleading securities buyers about the quality or composition of the mortgage assets underlying MBSs. Issuers and underwriters stand to gain at the expense of investors and shareholders in at least two ways. First, they may inflate securities prices by willfully or negligently misrepresenting the ch ...
... misleading securities buyers about the quality or composition of the mortgage assets underlying MBSs. Issuers and underwriters stand to gain at the expense of investors and shareholders in at least two ways. First, they may inflate securities prices by willfully or negligently misrepresenting the ch ...
DBFO Payment Mechanisms in the United Kingdom
... tenderers to refine and finalize their obligations, the allocation of risk, and the payments to be included in the DBFO contract. The Highway Agency then selects the most economically advantageous tender from the best-qualified candidate, based on the principle that value for money is best achieved ...
... tenderers to refine and finalize their obligations, the allocation of risk, and the payments to be included in the DBFO contract. The Highway Agency then selects the most economically advantageous tender from the best-qualified candidate, based on the principle that value for money is best achieved ...
caratula working paper - Barcelona Graduate School of Economics
... Crises are costly. Widespread bankruptcies entail severe deadweight losses. Furthermore, the resultant collapse in cash-flow depresses new credit and investment, hampering growth. Can systemic ...
... Crises are costly. Widespread bankruptcies entail severe deadweight losses. Furthermore, the resultant collapse in cash-flow depresses new credit and investment, hampering growth. Can systemic ...
U.S. Monetary Policy Since Late 2007 Structure of the Federal
... Monetary policy affects asset prices, including stock prices and house prices, and thus affects household wealth, an important determinant of consumer spending. For example, a reduction in interest rates will reduce discount rates used to evaluate expected future dividends on stocks, and thus will g ...
... Monetary policy affects asset prices, including stock prices and house prices, and thus affects household wealth, an important determinant of consumer spending. For example, a reduction in interest rates will reduce discount rates used to evaluate expected future dividends on stocks, and thus will g ...
WASHINGTON TRUST BANCORP INC (Form: 10-Q
... consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2015 . ...
... consolidated financial statements and notes thereto included in the Annual Report on Form 10-K for the fiscal year ended December 31, 2015 . ...
ACCA F9 Workbook Questions 1
... 2. There are ongoing costs of listing compliance. 3. Control by the current owners will be increased. 4. Listing may well lower the cost of equity of the firm as investors will see it as a safer investment and thus accept a lower return. A. 1 and 2 B. 2 and 4 C. 3 and 4 D. 1 and 4 ...
... 2. There are ongoing costs of listing compliance. 3. Control by the current owners will be increased. 4. Listing may well lower the cost of equity of the firm as investors will see it as a safer investment and thus accept a lower return. A. 1 and 2 B. 2 and 4 C. 3 and 4 D. 1 and 4 ...
EUROPEAN COMMISSION Brussels, 22.2.2017 SWD(2017) 81 final
... significantly contributed to growth. As a small and open economy, Luxembourg mainly depends on its ability to export its output, largely dominated by services, in particular financial services. While overall perspectives for the financial sector appear positive, a deeper analysis will be carried out ...
... significantly contributed to growth. As a small and open economy, Luxembourg mainly depends on its ability to export its output, largely dominated by services, in particular financial services. While overall perspectives for the financial sector appear positive, a deeper analysis will be carried out ...
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.