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 ...
IPO Analysis - Agricultural Bank of China (1288.HK)
... 1) ABC is the leading bank in China’s countryside, with 23,624 domestic branches: There are 900 million citizens living in China’s rural areas, accounting for 69% of the total population. In 2008, the rural economy contributed 49.8% of China’s total GDP. As the leading bank in those areas, the ongoi ...
... 1) ABC is the leading bank in China’s countryside, with 23,624 domestic branches: There are 900 million citizens living in China’s rural areas, accounting for 69% of the total population. In 2008, the rural economy contributed 49.8% of China’s total GDP. As the leading bank in those areas, the ongoi ...
Economic Policy in Malaysia: Paths to Growth.
... The government has taken steps to lower subsidies and expand the tax base in order to improve the state’s financial position. Further, public investment that prioritizes non-import-intensive projects should limit the risk of near-term fiscal deficit.3 However, substantial fiscal consolidation in the ...
... The government has taken steps to lower subsidies and expand the tax base in order to improve the state’s financial position. Further, public investment that prioritizes non-import-intensive projects should limit the risk of near-term fiscal deficit.3 However, substantial fiscal consolidation in the ...
The Euro`s “Winner-Take-All” Political Economy
... In this article, I will focus on disposable household inequality, which adjusts overall market incomes for taxes and transfers, and is corrected for household size and the cost of living. The main advantage of using this measure is that there are plenty of standardized comparative data available acr ...
... In this article, I will focus on disposable household inequality, which adjusts overall market incomes for taxes and transfers, and is corrected for household size and the cost of living. The main advantage of using this measure is that there are plenty of standardized comparative data available acr ...
Global Economic Conditions Survey Benchmark Report: Q1 2009
... professionals across sectors believe there are opportunities to be seized beyond simply cost-cutting. These most often involve building stronger relationships along the supply chain or improving quality standards, but there is a plethora of positive responses to the global downturn – and they are al ...
... professionals across sectors believe there are opportunities to be seized beyond simply cost-cutting. These most often involve building stronger relationships along the supply chain or improving quality standards, but there is a plethora of positive responses to the global downturn – and they are al ...
Bolivia: Ex Post Assessment of Longer-Term Program
... the past decade, Bolivia witnessed considerable progress in living conditions, access to basic social services and outcome indicators. Poverty as measured by unsatisfied basic needs fell significantly from 71 percent of the population in 1992 to 59 percent in 2001, although mainly in urban areas, an ...
... the past decade, Bolivia witnessed considerable progress in living conditions, access to basic social services and outcome indicators. Poverty as measured by unsatisfied basic needs fell significantly from 71 percent of the population in 1992 to 59 percent in 2001, although mainly in urban areas, an ...
Romanian Banks – BANCA TRANSILVANIA
... reccomendation at BUY; we used a dividend discount model exercise to value TLV, with base case scenario at FY’16E and a targeted CoE avg. at 9.4% based on a CAPM framework. Risks on both target price and recommendation are similar to BRD and remain triggered by higher than implied risk costs on lowe ...
... reccomendation at BUY; we used a dividend discount model exercise to value TLV, with base case scenario at FY’16E and a targeted CoE avg. at 9.4% based on a CAPM framework. Risks on both target price and recommendation are similar to BRD and remain triggered by higher than implied risk costs on lowe ...
Chapter 6: Bond Primer
... Higher Erodollar CD rates are the result of stringent reserve requirements for U.S. banks. Consequently, the cost of operating many foreign banks is lower than the cost of operating a U.S. bank. As a result, foreign banks are able to pay higher interest rates. ...
... Higher Erodollar CD rates are the result of stringent reserve requirements for U.S. banks. Consequently, the cost of operating many foreign banks is lower than the cost of operating a U.S. bank. As a result, foreign banks are able to pay higher interest rates. ...
Access to finance, working capital management and company value
... focused on how constraints on a company's financing (its access to public capital markets) influence the effect of financing on the relationship between investment in working capital and company value. Thus, we have two objectives in this study. The first one, using the large panel of firms, is to analyz ...
... focused on how constraints on a company's financing (its access to public capital markets) influence the effect of financing on the relationship between investment in working capital and company value. Thus, we have two objectives in this study. The first one, using the large panel of firms, is to analyz ...
Cabot Microelectronics Corporation
... This news release may include statements that constitute "forward looking statements" within the meaning of federal securities regulations. These forward-looking statements include statements related to: future sales and operating results; growth or contraction, and trends in the industry and market ...
... This news release may include statements that constitute "forward looking statements" within the meaning of federal securities regulations. These forward-looking statements include statements related to: future sales and operating results; growth or contraction, and trends in the industry and market ...
TO DETERMINE INTEREST AND LOAN DEFAULT RATES AMONG
... researchers who explored the concepts of interest rates in banks, loan default in commercial banks, and the relationship between interest rates and loan default rates. The methodology is cross sectional descriptive design carried across all the 47 registered banks in Kenya, library research and cont ...
... researchers who explored the concepts of interest rates in banks, loan default in commercial banks, and the relationship between interest rates and loan default rates. The methodology is cross sectional descriptive design carried across all the 47 registered banks in Kenya, library research and cont ...
This PDF is a selection from an out-of-print volume from... Bureau of Economic Research
... who resisted a tightening of monetary andfiscalpolicy because they were unwilling to pay the price in higher unemployment for slowing the rise in inflation or reducing its level. In this way the economy drifted to higher and higher rates of inflation.1 Although some of the year-to-year changes in in ...
... who resisted a tightening of monetary andfiscalpolicy because they were unwilling to pay the price in higher unemployment for slowing the rise in inflation or reducing its level. In this way the economy drifted to higher and higher rates of inflation.1 Although some of the year-to-year changes in in ...
Securities Trading Policy
... X securities, whether on your own account or on behalf of another person. Legally there are many forms of dealing such as granting options over shares, entering conditional contracts to buy or sell securities and so on. If you are considering any transaction whatsoever involving Metals X securities, ...
... X securities, whether on your own account or on behalf of another person. Legally there are many forms of dealing such as granting options over shares, entering conditional contracts to buy or sell securities and so on. If you are considering any transaction whatsoever involving Metals X securities, ...
STS Capital Calibrations
... Our working assumption is that if this sequence of legislative change is followed, with capital calibrations for “best-in-class STS securitisations” being significantly increased for banks and not reduced for insurance companies, not only will the Commission’s goal not be achieved but the securitisa ...
... Our working assumption is that if this sequence of legislative change is followed, with capital calibrations for “best-in-class STS securitisations” being significantly increased for banks and not reduced for insurance companies, not only will the Commission’s goal not be achieved but the securitisa ...
Press release of Banco de Portugal on the independent evaluation
... ownership of the sample of securities selected in the course of the revision. (c) Financial holdings: Revision of the opening balance-sheet value, on the basis of financial statements of participated companies consolidated by the equity method, as well as independent evaluations of companies with ...
... ownership of the sample of securities selected in the course of the revision. (c) Financial holdings: Revision of the opening balance-sheet value, on the basis of financial statements of participated companies consolidated by the equity method, as well as independent evaluations of companies with ...
PPT_Mic9e_one_click_ch11
... mortgages. A mortgage, like a bond, is a contract in which the borrower promises to repay the lender in the future. Until the last decade, most mortgage loans were made by banks and savings and loans. In recent years, most mortgages were written by mortgage brokers or mortgage bankers who immediatel ...
... mortgages. A mortgage, like a bond, is a contract in which the borrower promises to repay the lender in the future. Until the last decade, most mortgage loans were made by banks and savings and loans. In recent years, most mortgages were written by mortgage brokers or mortgage bankers who immediatel ...
Click here to learn more about franchising in Cyprus
... Cyprus Pound with the Euro. Joining the Eurozone was a major accomplishment for the Cypriot economy, resulting in such benefits as a higher degree of price stability, lower interest rates, reduction of currency conversion costs and exchange rate risk, and increased competition through greater price ...
... Cyprus Pound with the Euro. Joining the Eurozone was a major accomplishment for the Cypriot economy, resulting in such benefits as a higher degree of price stability, lower interest rates, reduction of currency conversion costs and exchange rate risk, and increased competition through greater price ...
The Effect of Government Policy on China`s Stock Market
... cycle theory may correspond to the housing bubble fueled by the Federal Reserve’s artificially low interest rate5, the two important origins of such a cycle should be questioned. Firstly, the theory figures out that the prime culprit is centralized monetary intervention. Besides the government, the ...
... cycle theory may correspond to the housing bubble fueled by the Federal Reserve’s artificially low interest rate5, the two important origins of such a cycle should be questioned. Firstly, the theory figures out that the prime culprit is centralized monetary intervention. Besides the government, the ...
www.hkbu.edu.hk
... • Many benchmarks are used to describe an economy e.g. growth rate of GDP, GDP per capita, net export, performance of stock markets, etc ...
... • Many benchmarks are used to describe an economy e.g. growth rate of GDP, GDP per capita, net export, performance of stock markets, etc ...
Quantitative Easing
... they can also be associated with distributional consequences, albeit on a smaller scale than large-scale outright purchases. The central bank may use large-scale outright purchases (iv) mainly for providing liquidity to the banking sector, relieving it from certain risky assets and pushing down risk ...
... they can also be associated with distributional consequences, albeit on a smaller scale than large-scale outright purchases. The central bank may use large-scale outright purchases (iv) mainly for providing liquidity to the banking sector, relieving it from certain risky assets and pushing down risk ...
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.