How does unconventional monetary policy affect inequality
... main developments of inequality in wages, earnings, consumption and wealth. During the sample period, they find an increasing trend of inequality in wealth and income. Regarding FIES, they find that, among households whose head is employed (thus excluding corporate owners, self-employed, unemployed, ...
... main developments of inequality in wages, earnings, consumption and wealth. During the sample period, they find an increasing trend of inequality in wealth and income. Regarding FIES, they find that, among households whose head is employed (thus excluding corporate owners, self-employed, unemployed, ...
R e s e r v e B... Vo l u m e 6 4 ... C o n t e n t s
... with hedging mainly taking the form of derivatives, such as swaps of forwards contracts. In this case, a derivative is just a “side contract”: a firm might borrow in foreign currency, ...
... with hedging mainly taking the form of derivatives, such as swaps of forwards contracts. In this case, a derivative is just a “side contract”: a firm might borrow in foreign currency, ...
Spillover Notes, Issue 2: Spillovers from Dollar Appreciation
... risks in case of sudden stops of capital inflows or drying up of FX market liquidity. At the corporate level, corporate debt-to-GDP ratios have increased to high levels in many countries, and highly leveraged corporate sectors also tend to have higher FX exposure. Higher debt loads and lower debt-se ...
... risks in case of sudden stops of capital inflows or drying up of FX market liquidity. At the corporate level, corporate debt-to-GDP ratios have increased to high levels in many countries, and highly leveraged corporate sectors also tend to have higher FX exposure. Higher debt loads and lower debt-se ...
CONSEQUENCES OF MM - City University London
... strategy - this worries bondholders advertising firm (with few tangible assets as security) versus leisure firm(with hotels to sell off, to repay bondholders). The latter has a higher ‘debt capacity’ than the former. ...
... strategy - this worries bondholders advertising firm (with few tangible assets as security) versus leisure firm(with hotels to sell off, to repay bondholders). The latter has a higher ‘debt capacity’ than the former. ...
Monetary Policy Statement March 2008 Contents
... represent a cap, as emissions units can be readily acquired from this market. However, differences between the New Zealand and European trading schemes mean that the European price is not necessarily a good indicator of what the New Zealand price will be. For now, we assume $25, but recognise that t ...
... represent a cap, as emissions units can be readily acquired from this market. However, differences between the New Zealand and European trading schemes mean that the European price is not necessarily a good indicator of what the New Zealand price will be. For now, we assume $25, but recognise that t ...
Foreign Currency Exposure and Hedging in Australia
... derivatives used for other purposes, such as trading derivative positions which are held for the purpose of gaining exposure to particular foreign currency markets. Non-resident counterparties to Australian residents’ long foreign currency derivative positions include foreign entities that issue Aus ...
... derivatives used for other purposes, such as trading derivative positions which are held for the purpose of gaining exposure to particular foreign currency markets. Non-resident counterparties to Australian residents’ long foreign currency derivative positions include foreign entities that issue Aus ...
Fiscal Policy and the Substitution between National and Foreign
... Krugman (1999) investigates if fiscal policy drives the current account and concludes that: "The view that real exchange rates have nothing to do with trade balance is (…) a confusion between accounting identities and behavior (...) although an economy must respect accounting identities, looking at ...
... Krugman (1999) investigates if fiscal policy drives the current account and concludes that: "The view that real exchange rates have nothing to do with trade balance is (…) a confusion between accounting identities and behavior (...) although an economy must respect accounting identities, looking at ...
Supply Contracts with Options in E-Business December 2, 2002
... In this paper we devise a generic framework to value supply contracts in the presence of a spot market. More specifically, we consider an N-period setting where a manufacturer can, after paying an up-front reservation price, reserve capacity with her long-term supplier via a long-term contract with ...
... In this paper we devise a generic framework to value supply contracts in the presence of a spot market. More specifically, we consider an N-period setting where a manufacturer can, after paying an up-front reservation price, reserve capacity with her long-term supplier via a long-term contract with ...
Service Center Policy - Office for Sponsored Programs
... 5. All users should be charged for the services they receive and should be charged at the same rates. 6. Records should be maintained by the center to document 1) the actual direct operating costs of providing the service, 2) units of service provided, 3) revenues, billings and collections and 5) th ...
... 5. All users should be charged for the services they receive and should be charged at the same rates. 6. Records should be maintained by the center to document 1) the actual direct operating costs of providing the service, 2) units of service provided, 3) revenues, billings and collections and 5) th ...
CRT066436A Post Brexit debt markets Web
... attract investor interest. Some will be well primed to take advantage of the current market dynamics – the underlying benchmark costs are cheaper, and risk premium appear stable, so it may be an opportune time to seek out new bank financing, or perhaps swap loans for bonds, to build up something of ...
... attract investor interest. Some will be well primed to take advantage of the current market dynamics – the underlying benchmark costs are cheaper, and risk premium appear stable, so it may be an opportune time to seek out new bank financing, or perhaps swap loans for bonds, to build up something of ...
Kenan Jarboe - National Academy of Sciences
... and patent liability insurance and a review of federal and state technology policies to encourage promotion of patent pools. Review how the federal technology transfer system, including Bayh– Dole, does or does not facilitate the creation of intangible assets. Review federal government business loan ...
... and patent liability insurance and a review of federal and state technology policies to encourage promotion of patent pools. Review how the federal technology transfer system, including Bayh– Dole, does or does not facilitate the creation of intangible assets. Review federal government business loan ...
UNICREDITO ITALIANO: GROWING THROUGH SPECIALISATION
... OVERALL OUTLOOK IN THE REGION MAINLY POSITIVE ...
... OVERALL OUTLOOK IN THE REGION MAINLY POSITIVE ...
Jamaica: Fifth Review Under the Extended Fund
... billion at end-August, covering about 4 months of next year’s imports of goods and services, while net international reserves had risen to US$2.1 billion. With large debt repayments coming due in October 2014 and June and July 2015, by end-2015, reserves are projected to be broadly back on the path ...
... billion at end-August, covering about 4 months of next year’s imports of goods and services, while net international reserves had risen to US$2.1 billion. With large debt repayments coming due in October 2014 and June and July 2015, by end-2015, reserves are projected to be broadly back on the path ...
Q1 2017 Presentation
... This presentation contains forward-looking statements that reflect RenoNorden’s current views with respect to future developments and performance. These forwardlooking statements may be identified by the use of forward-looking terminology, such as the terms “anticipates”, “assumes”, “believes”, “can ...
... This presentation contains forward-looking statements that reflect RenoNorden’s current views with respect to future developments and performance. These forwardlooking statements may be identified by the use of forward-looking terminology, such as the terms “anticipates”, “assumes”, “believes”, “can ...
whitepaper: future trends in optimization collateral, regulatory capital
... maintain liquidity coverage ratios. Bank CEO’s and other senior executives are therefore looking at ways to optimise the use of capital and boost their firm’s return on equity. At a strategic level, this looks at which business lines are making the most P&L per unit of economic capital. As efficient ...
... maintain liquidity coverage ratios. Bank CEO’s and other senior executives are therefore looking at ways to optimise the use of capital and boost their firm’s return on equity. At a strategic level, this looks at which business lines are making the most P&L per unit of economic capital. As efficient ...
The Need for High Quality Data on Direct Investment in
... without a 10 percent equity investment in each other but which are in a direct investment relationship because they have a ...
... without a 10 percent equity investment in each other but which are in a direct investment relationship because they have a ...
Trading Fees and Slow-Moving Capital - Search Faculty
... stochastic process of the liquidity of securities is as important to investment and valuation as is the exogenous stochastic process of their future cash ‡ows. That is, when purchasing a security an investor needs not only have in mind the cash ‡ows that the security will pay into the inde…nite futu ...
... stochastic process of the liquidity of securities is as important to investment and valuation as is the exogenous stochastic process of their future cash ‡ows. That is, when purchasing a security an investor needs not only have in mind the cash ‡ows that the security will pay into the inde…nite futu ...
uwio-101816 - Insurance Information Institute
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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.