Financial Crises and Policy Andrea Prestipino January 9, 2014 [Download Latest Version]
... at work in the model and the answers it provides to the above questions. Financial intermediaries in the model are a separate group of agents with superior skills in lending to the productive sector. They fund themselves by issuing short term risk free debt to households and use these funds and ins ...
... at work in the model and the answers it provides to the above questions. Financial intermediaries in the model are a separate group of agents with superior skills in lending to the productive sector. They fund themselves by issuing short term risk free debt to households and use these funds and ins ...
US Money Fund Exposure to European Banks
... such sources are available for a given security or in a given jurisdiction. The manner of Fitch’s factual investigation and the scope of the third-party verification it obtains will vary depending on the nature of the rated security and its issuer, the requirements and practices in the jurisdiction ...
... such sources are available for a given security or in a given jurisdiction. The manner of Fitch’s factual investigation and the scope of the third-party verification it obtains will vary depending on the nature of the rated security and its issuer, the requirements and practices in the jurisdiction ...
Unit four
... the task of intervening from time to time in the otherwise free market for foreign currency, so as to influence the price of the pound in line with Government policy, or simply to try to maintain a reasonably orderly market. The pound is not the only currency whose price has to be carefully controll ...
... the task of intervening from time to time in the otherwise free market for foreign currency, so as to influence the price of the pound in line with Government policy, or simply to try to maintain a reasonably orderly market. The pound is not the only currency whose price has to be carefully controll ...
Effectiveness of Macroprudential Policies in Central and Eastern
... account for up to 95% of domestic banking sector assets. This share increased rapidly in the late 1990s and the early 2000s. Prior to that, banks in CEE had little experience with risk assessment and financial markets were repressed or non-existent. Financial liberalisation, which included banking d ...
... account for up to 95% of domestic banking sector assets. This share increased rapidly in the late 1990s and the early 2000s. Prior to that, banks in CEE had little experience with risk assessment and financial markets were repressed or non-existent. Financial liberalisation, which included banking d ...
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... It works in close cooperation with the European Commission. The bonds it issues to the market are jointly guaranteed by the euro states. The decisions are reminiscent of the eurobonds (community bonds) to be issued by the European Investment Bank that the Italian Minister of Finance Tremonti already ...
... It works in close cooperation with the European Commission. The bonds it issues to the market are jointly guaranteed by the euro states. The decisions are reminiscent of the eurobonds (community bonds) to be issued by the European Investment Bank that the Italian Minister of Finance Tremonti already ...
The Assumptions Economists Make
... This metaphor underlay the misguided thinking that helped to cause the 2008 financial crisis, but I am interested less in the specific causes of this crisis, or its viral spread across other nations, or the sovereign debt crises threatening Greece, Ireland, and Portugal as I write, than in the ...
... This metaphor underlay the misguided thinking that helped to cause the 2008 financial crisis, but I am interested less in the specific causes of this crisis, or its viral spread across other nations, or the sovereign debt crises threatening Greece, Ireland, and Portugal as I write, than in the ...
CHAPTER 11: Input Demand: The Capital Market and the
... The concept of capital is one of the central ideas in economics. Capital is produced by the economic system itself. Capital generates services over time, and it is used as an input in the production of goods and services. ...
... The concept of capital is one of the central ideas in economics. Capital is produced by the economic system itself. Capital generates services over time, and it is used as an input in the production of goods and services. ...
Chapter 14
... Athletic Research Inc. is a publicly held corporation. Its $5 par value is actively traded at $8 per share. The company issues 10,000 shares of stock to acquire land recently advertised for sale at $90,000. The most clearly evident value is the MARKET VALUE of the consideration given, which is $80,0 ...
... Athletic Research Inc. is a publicly held corporation. Its $5 par value is actively traded at $8 per share. The company issues 10,000 shares of stock to acquire land recently advertised for sale at $90,000. The most clearly evident value is the MARKET VALUE of the consideration given, which is $80,0 ...
France: 2016 Article IV Consultation
... law through the lower house of parliament, triggering a confidence vote. This was followed by unionled strikes and fuel blockades. The political climate and social dialogue appear increasingly tense as France approaches the May 2017 Presidential elections. ...
... law through the lower house of parliament, triggering a confidence vote. This was followed by unionled strikes and fuel blockades. The political climate and social dialogue appear increasingly tense as France approaches the May 2017 Presidential elections. ...
DOC - Valhi, Inc.
... interim periods ended June 30, 1999 and 2000, have been prepared by the Company, without audit. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the consolidated financial position, results of operations and cash flows have b ...
... interim periods ended June 30, 1999 and 2000, have been prepared by the Company, without audit. In the opinion of management, all adjustments, consisting only of normal recurring adjustments, necessary to present fairly the consolidated financial position, results of operations and cash flows have b ...
Growing Appetite for Dim Sum Bonds – The Global Rise of the
... mainland market. Finally, RMB appreciation potential and increasing demand of global investors who look for diversification of their investment portfolio can further encourage issuers to tap into the dim sum bond market. Order books indicate that more than 50% of the investors in dim sum bonds were ...
... mainland market. Finally, RMB appreciation potential and increasing demand of global investors who look for diversification of their investment portfolio can further encourage issuers to tap into the dim sum bond market. Order books indicate that more than 50% of the investors in dim sum bonds were ...
NBER WORKING PAPER SERIES THE LIMITS OF FINANCIAL GLOBALIZATION René M. Stulz
... Kaminsky and Schmuckler (2002) compute the index for 28 countries and include both the highly developed and the less-developed countries. In 1973, the first year for which the index is available, the average across countries was 1.43. No country is fully liberalized at the start of the index. By Oct ...
... Kaminsky and Schmuckler (2002) compute the index for 28 countries and include both the highly developed and the less-developed countries. In 1973, the first year for which the index is available, the average across countries was 1.43. No country is fully liberalized at the start of the index. By Oct ...
Bond markets
... Promoting inter generational equity Controlling risk Avoiding short term financial constraints ...
... Promoting inter generational equity Controlling risk Avoiding short term financial constraints ...
The relationship between carry trade currencies and
... One of the most popular investment and trading strategies over the last decade, has been the currency carry trade, which allows traders and investors to buy high-yielding currencies in the Foreign Exchange spot market by borrowing, low or zero interest rate currencies in the form of pairs, such as t ...
... One of the most popular investment and trading strategies over the last decade, has been the currency carry trade, which allows traders and investors to buy high-yielding currencies in the Foreign Exchange spot market by borrowing, low or zero interest rate currencies in the form of pairs, such as t ...
OCCIDENTAL PETROLEUM CORP /DE/ (Form: 10-Q
... in December 2011 and January 2013. These new rules require tabular disclosures of the outstanding derivatives' gross and net fair values, now including those derivatives that are subject to a master netting or similar arrangement and qualify for net presentation, but are not offset in the consolidat ...
... in December 2011 and January 2013. These new rules require tabular disclosures of the outstanding derivatives' gross and net fair values, now including those derivatives that are subject to a master netting or similar arrangement and qualify for net presentation, but are not offset in the consolidat ...
Lessons from the Crisis in Argentina
... (Figure 1). After reaching hyperinflationary levels in the late-1980s, inflation fell to single digits by 1993. Capital inflows also began to surge, reflecting new-found confidence in the economy, until the 1995 Tequila crisis interrupted this impressive macroeconomic performance through a sharp rev ...
... (Figure 1). After reaching hyperinflationary levels in the late-1980s, inflation fell to single digits by 1993. Capital inflows also began to surge, reflecting new-found confidence in the economy, until the 1995 Tequila crisis interrupted this impressive macroeconomic performance through a sharp rev ...
Review of The Economy: 2013-14
... heavy exposure to the euro area. The economy is forecast to grow by 3.5 per cent in 2014 (Statistics Mauritius June 2014), up from 3.2 per cent in 2013. Economic performance, however, remained below the trend registered in the early 2000s. A muted external demand and weak growth of domestic consumpt ...
... heavy exposure to the euro area. The economy is forecast to grow by 3.5 per cent in 2014 (Statistics Mauritius June 2014), up from 3.2 per cent in 2013. Economic performance, however, remained below the trend registered in the early 2000s. A muted external demand and weak growth of domestic consumpt ...
Document
... relatively strong. Levels of household assets exceed financial liabilities and the net household position is among the strongest in the EU. The resilience of the banking sector continues to improve as indicated by the results of recent 'stress tests' conducted by the Bank of England. Secured credit ...
... relatively strong. Levels of household assets exceed financial liabilities and the net household position is among the strongest in the EU. The resilience of the banking sector continues to improve as indicated by the results of recent 'stress tests' conducted by the Bank of England. Secured credit ...
Revista Română de Statistică Supliment
... interval 1991 -2008, in order to achieve ex post the forecast for the evolution of the GDP, during the period 2009 -2013. Testing the validity of the prediction model ARMA Through the Model 1, which defines EQ01, a first step as to building up the prediction model has been accomplished. Out of the s ...
... interval 1991 -2008, in order to achieve ex post the forecast for the evolution of the GDP, during the period 2009 -2013. Testing the validity of the prediction model ARMA Through the Model 1, which defines EQ01, a first step as to building up the prediction model has been accomplished. Out of the s ...
Long-duration Bonds and Sovereign Defaults
... The cost of a default is represented by an output loss φ (y), which is incurred in the default period and may depend on the default-period output level y. This assumption intends to capture the disruptions in economic activity caused by a default decision. It has been argued that a sovereign defaul ...
... The cost of a default is represented by an output loss φ (y), which is incurred in the default period and may depend on the default-period output level y. This assumption intends to capture the disruptions in economic activity caused by a default decision. It has been argued that a sovereign defaul ...
NBER WORKING PAPER SERIES TIME PREFERENCE AND INTERNATIONAL LENDING GENERATIONS MODEL
... The welfare of the old generation alive when the two autarkic countries join in open economy is unaffected by this international economic integration. The welfare of the young generation in the country with the high pure rate of time preference is lower under openness than under autarky, while in th ...
... The welfare of the old generation alive when the two autarkic countries join in open economy is unaffected by this international economic integration. The welfare of the young generation in the country with the high pure rate of time preference is lower under openness than under autarky, while in th ...
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.