PowerPoint
... National wealth financially compiled is permanently lower than if real assets are PIM calculated. Tobins Q is < 1 ...
... National wealth financially compiled is permanently lower than if real assets are PIM calculated. Tobins Q is < 1 ...
1Q15 Earnings Presentation - Level 3 Communications, Inc.
... Management believes such measures are especially important in a capital-intensive industry such as telecommunications. Management also uses Adjusted EBITDA and Adjusted EBITDA Margin to compare the company’s performance to that of its competitors and to eliminate certain non-cash and non-operating i ...
... Management believes such measures are especially important in a capital-intensive industry such as telecommunications. Management also uses Adjusted EBITDA and Adjusted EBITDA Margin to compare the company’s performance to that of its competitors and to eliminate certain non-cash and non-operating i ...
Unspanned Macroeconomic Factors in Oil Futures
... and academic and industry attention. The Energy Information Administration (EIA) estimates that in 2010 expenditures on energy, the majority of which was petroleum based, accounted for 8.3% of U.S. GDP.3 On the financial side, the oil futures market is the largest and most active commodity futures m ...
... and academic and industry attention. The Energy Information Administration (EIA) estimates that in 2010 expenditures on energy, the majority of which was petroleum based, accounted for 8.3% of U.S. GDP.3 On the financial side, the oil futures market is the largest and most active commodity futures m ...
optionality
... Where does the ‘baseline’ tree come from? 1) Assume the ‘baseline’ project is ‘scale enhancing’ so its risk is the same as the riskiness of all the firms existing projects 2) Then we can use the (annual) volatility of the firms stock returns as a measure of ‘risk’ of the baseline ...
... Where does the ‘baseline’ tree come from? 1) Assume the ‘baseline’ project is ‘scale enhancing’ so its risk is the same as the riskiness of all the firms existing projects 2) Then we can use the (annual) volatility of the firms stock returns as a measure of ‘risk’ of the baseline ...
393 KB - Financial System Inquiry
... pool of people Managing risk through risk transfer from individuals or businesses to a larger diversifiable pool encourages individuals to participate in more risky activities than they would otherwise. Activities such as starting a business, purchasing a large asset or driving a car are fundamental ...
... pool of people Managing risk through risk transfer from individuals or businesses to a larger diversifiable pool encourages individuals to participate in more risky activities than they would otherwise. Activities such as starting a business, purchasing a large asset or driving a car are fundamental ...
Ahlsell AB Q1 2017 interim report presentation Final Short
... Return on operating capital (excluding intangible fixed assets), % ...
... Return on operating capital (excluding intangible fixed assets), % ...
The Only Spending Rule Article You Will Ever Need
... assets. These reasons alone have likely kept investors from taking advantage of the annuity concept (nor do they often set up a literal consumption hedge, a closely related strategy). So, in light of the fact that most people are going to hold mixed portfolios earning volatile returns, how can we th ...
... assets. These reasons alone have likely kept investors from taking advantage of the annuity concept (nor do they often set up a literal consumption hedge, a closely related strategy). So, in light of the fact that most people are going to hold mixed portfolios earning volatile returns, how can we th ...
Equilibrium Analysis of Expected Shortfall
... This article analyzes the impact of market-risk regulation on portfolio choice and assets prices. We study the impact of Expected Shortfall (ES), its partial equilibrium incentives, and the general equilibrium asset-pricing implications. This is motivated by the recent advancement in risk measuremen ...
... This article analyzes the impact of market-risk regulation on portfolio choice and assets prices. We study the impact of Expected Shortfall (ES), its partial equilibrium incentives, and the general equilibrium asset-pricing implications. This is motivated by the recent advancement in risk measuremen ...
Monetary Policy Statement September 2015
... pressures estimated to be increasing, and expected to rise further, the Bank increased the OCR by 100 basis points from March to July 2014. Over the second half of 2014 and through 2015, a weakening outlook for export commodity prices – and particularly dairy prices – has been a key driver of change ...
... pressures estimated to be increasing, and expected to rise further, the Bank increased the OCR by 100 basis points from March to July 2014. Over the second half of 2014 and through 2015, a weakening outlook for export commodity prices – and particularly dairy prices – has been a key driver of change ...
Monetary Policy rePort with financial stability assessment
... Oil prices have dropped by a good USD 10 per barrel since June and are now below USD 100 per barrel. The fall likely reflects lower-than-expected growth in the world economy. Oil production in North America is still rising at a rapid pace. Moreover, the decline in oil production owing to instability ...
... Oil prices have dropped by a good USD 10 per barrel since June and are now below USD 100 per barrel. The fall likely reflects lower-than-expected growth in the world economy. Oil production in North America is still rising at a rapid pace. Moreover, the decline in oil production owing to instability ...
Alfjaneirtnjanjgahjktnm,brazjklhhjkznm
... B) Fund its loan commitments with asset sales C) Be forced to borrow money at short notice D) Be required to raise equity capital quickly E) Be forced to liquidate liabilities at fire sale prices Answer: C Page: 576-577 Level: Medium ...
... B) Fund its loan commitments with asset sales C) Be forced to borrow money at short notice D) Be required to raise equity capital quickly E) Be forced to liquidate liabilities at fire sale prices Answer: C Page: 576-577 Level: Medium ...
Accounting for Receivables
... are issued as evidence of the debt. The debtor normally is required to pay __________ and the time period may extend for 30 to 90 days or longer. Notes and accounts receivable that result from sales transactions are often called _________ receivables. ___________ receivables include __________ recei ...
... are issued as evidence of the debt. The debtor normally is required to pay __________ and the time period may extend for 30 to 90 days or longer. Notes and accounts receivable that result from sales transactions are often called _________ receivables. ___________ receivables include __________ recei ...
The Nature of Lessons Learned from Argentinaâ•Žs 2001 Financial
... parity to the US dollar, with the guarantee that pesos could be exchanged for dollars at will. The Argentine Central Bank was given independence from the government, under the mandate that it maintain convertibility by holding dollar reserves against its domestic monetary liabilities (currency and c ...
... parity to the US dollar, with the guarantee that pesos could be exchanged for dollars at will. The Argentine Central Bank was given independence from the government, under the mandate that it maintain convertibility by holding dollar reserves against its domestic monetary liabilities (currency and c ...
Towards a framework for calibrating macroprudential leverage limits
... potential financial stability risks stemming from the asset management industry.92 Importantly, the Financial Stability Board (FSB) has recently published its proposed policy recommendations to address structural vulnerabilities from asset management activities.93 Apart from regulatory responses to ...
... potential financial stability risks stemming from the asset management industry.92 Importantly, the Financial Stability Board (FSB) has recently published its proposed policy recommendations to address structural vulnerabilities from asset management activities.93 Apart from regulatory responses to ...
The Swaps Market: A Case Study Detailing Market
... student B are now better off than before they swapped – overall utility has increased! Keeping this example in mind, we move to discussing the swaps commonly used in the financial marketplace. In financial markets, there are primarily two types of swaps: fixed-for-floating rate swaps known as intere ...
... student B are now better off than before they swapped – overall utility has increased! Keeping this example in mind, we move to discussing the swaps commonly used in the financial marketplace. In financial markets, there are primarily two types of swaps: fixed-for-floating rate swaps known as intere ...
To Cut or Not to Cut? That is the (Central Bank`s)
... that estimate the NRIR for emerging economies, with studies for Latin America largely focusing on Chile, Colombia and Brazil.6 A number of different methods have been used for assessing the NRIR (see Giammarioli and Valla (2004) for further details). Some of them are static (defining the NRIR as a p ...
... that estimate the NRIR for emerging economies, with studies for Latin America largely focusing on Chile, Colombia and Brazil.6 A number of different methods have been used for assessing the NRIR (see Giammarioli and Valla (2004) for further details). Some of them are static (defining the NRIR as a p ...
International Financial Stability - International Center for Monetary
... Money, Credit and Banking; The European Economic Review; The Journal of Banking and Finance; Economic Notes; and BNL Quarterly Review. He is co-author of a number of books on the Italian banking and financial system. His current research interests include: the effects of bank mergers, the determinan ...
... Money, Credit and Banking; The European Economic Review; The Journal of Banking and Finance; Economic Notes; and BNL Quarterly Review. He is co-author of a number of books on the Italian banking and financial system. His current research interests include: the effects of bank mergers, the determinan ...
PDF
... Defining difficulties in term agribusiness, agriculture and rural sector It is not easy to explore the differences between the definitions of agriculture (agricultural sector), agribusiness (agribusiness sector) and rural sector. The term of agribusiness was defined as the sum total of all operation ...
... Defining difficulties in term agribusiness, agriculture and rural sector It is not easy to explore the differences between the definitions of agriculture (agricultural sector), agribusiness (agribusiness sector) and rural sector. The term of agribusiness was defined as the sum total of all operation ...
Paper: "From NIC to TIC to RAY: Calculating True Lifetime Cost of
... market is approximately $4 trillion, representing roughly 2% of the world’s financial assets.2 Over the last ten years municipal borrowers have issued an average of $379.5 billion in long term fixed rate bonds per year.3 Despite the size and significance of the market, the primary cost of capital me ...
... market is approximately $4 trillion, representing roughly 2% of the world’s financial assets.2 Over the last ten years municipal borrowers have issued an average of $379.5 billion in long term fixed rate bonds per year.3 Despite the size and significance of the market, the primary cost of capital me ...
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.