Macroeconomic Determination of Prices of Agricultural and Mineral
... explanation, emphasizing especially growth in China, India, etc. 2. Also highly popular: destabilizing speculation. 1. Storability & homogeneity => asset-like speculation. 2. But destabilizing? ...
... explanation, emphasizing especially growth in China, India, etc. 2. Also highly popular: destabilizing speculation. 1. Storability & homogeneity => asset-like speculation. 2. But destabilizing? ...
Taxation and the Taylor Principle
... rates of inflation. In the context of the feedback rules that are typically used in this literature to model and evaluate monetary policy, this prescription—which is often labeled the Taylor principle—militates placing a weight of at least unity on the inflation term in an interestrate rule.1 In for ...
... rates of inflation. In the context of the feedback rules that are typically used in this literature to model and evaluate monetary policy, this prescription—which is often labeled the Taylor principle—militates placing a weight of at least unity on the inflation term in an interestrate rule.1 In for ...
The Lebanese economy is not growing
... This policy note reviews the current determinants of GDP growth in Lebanon, and proposes a strategy to accelerate such growth in the years to come. Indeed, current emigration and macro-economic trends call for urgent attention to fostering growth. In the absence of job opportunities, half of each Le ...
... This policy note reviews the current determinants of GDP growth in Lebanon, and proposes a strategy to accelerate such growth in the years to come. Indeed, current emigration and macro-economic trends call for urgent attention to fostering growth. In the absence of job opportunities, half of each Le ...
Marxist Crisis Theory and the Severity of the Current Economic Crisis
... a structural crisis. The U.S. GDP did increase, at a 2.8% annual rate, in the third quarter of 2009, a turnaround that appears to be largely due to government interventions. However, a business cycle expansion can, and usual does, take place during a period of structural crisis, as happened in 19333 ...
... a structural crisis. The U.S. GDP did increase, at a 2.8% annual rate, in the third quarter of 2009, a turnaround that appears to be largely due to government interventions. However, a business cycle expansion can, and usual does, take place during a period of structural crisis, as happened in 19333 ...
Concepts in Customer Due Diligence
... associate with a new customer will change after transactions are made. However, it is necessary to have a clear picture of the type of activity to expect from the customer in order to properly monitor the account later. The largest challenge around this type of requirement is making sure that policy ...
... associate with a new customer will change after transactions are made. However, it is necessary to have a clear picture of the type of activity to expect from the customer in order to properly monitor the account later. The largest challenge around this type of requirement is making sure that policy ...
bcbs239 – the $8 billion game changer for financial institutions
... Although it is important to align risk and finance, they are far from identical and have very different scopes: the former large and dynamic, the latter relatively small and static. Finance accounting is designed to accurately reflect the state of a bank at the point in time of reporting – usually a ...
... Although it is important to align risk and finance, they are far from identical and have very different scopes: the former large and dynamic, the latter relatively small and static. Finance accounting is designed to accurately reflect the state of a bank at the point in time of reporting – usually a ...
Financial Aspects of Recent Trends in the Global Economy
... sector. It is not surprising that nowadays daily turnover in financial transactions significantly exceeds daily turnover in trade all over the world. As a result overall impact of financial sector activities on the real economy markedly increased over last few decades. Finally, a rising demand for m ...
... sector. It is not surprising that nowadays daily turnover in financial transactions significantly exceeds daily turnover in trade all over the world. As a result overall impact of financial sector activities on the real economy markedly increased over last few decades. Finally, a rising demand for m ...
Information on risk, own funds and capital requirements
... of the performed function, size of the area they manage, scope and character of the tasks performed in this area. Current practices meet requirements of provisions of law. Article 435.2.c the policy on diversity with regard to selection of members of the management body, its objectives and any rel ...
... of the performed function, size of the area they manage, scope and character of the tasks performed in this area. Current practices meet requirements of provisions of law. Article 435.2.c the policy on diversity with regard to selection of members of the management body, its objectives and any rel ...
THE EFFECT OF COMMODITY PRICE CHANGES ON FIRM VALUE
... competences or intellectual capital, and work processes and systems. These alone cannot yield the goal of the firm if prices are erratic. According to Jackson & Schuller (1997), effectiveness is determined by the capabilities of the firm’s management in delivering the set goals, cash flow to the bus ...
... competences or intellectual capital, and work processes and systems. These alone cannot yield the goal of the firm if prices are erratic. According to Jackson & Schuller (1997), effectiveness is determined by the capabilities of the firm’s management in delivering the set goals, cash flow to the bus ...
Let`s Make a Deal - Society of Actuaries
... $1,000 (or $1 million or $1 billion) of earnings, 50% of those earnings are paid out in dividends, and it's growing at a 4% rate. The leverage is twice the rate of inflation, about the rate of growth for the gross domestic product. Discounting it at 6.5%, you get a value of $20,000. We were targetin ...
... $1,000 (or $1 million or $1 billion) of earnings, 50% of those earnings are paid out in dividends, and it's growing at a 4% rate. The leverage is twice the rate of inflation, about the rate of growth for the gross domestic product. Discounting it at 6.5%, you get a value of $20,000. We were targetin ...
Earnings Release Q3 FY 2016: Strong execution drives growth and
... expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, t ...
... expectations not occur or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, t ...
FDI versus cross-border financial services: The
... 1999, Obstfeld and Taylor 2002). Two main features distinguish the current wave of globalisation from earlier ones, however. First, foreign direct investment (FDI) has led to the emergence of multinational firms on a quite unprecedented scale. This has stimulated an academic debate on the links betw ...
... 1999, Obstfeld and Taylor 2002). Two main features distinguish the current wave of globalisation from earlier ones, however. First, foreign direct investment (FDI) has led to the emergence of multinational firms on a quite unprecedented scale. This has stimulated an academic debate on the links betw ...
ETF Trading: Understanding ETF Liquidity
... you could break the trade into two orders or enter a limit order for the entire amount. If too few shares of QDF exist in the secondary market (which the National Best Bid Offer will indicate) the most effective approach is to call the block desk to help execute the order by accessing the enhanced l ...
... you could break the trade into two orders or enter a limit order for the entire amount. If too few shares of QDF exist in the secondary market (which the National Best Bid Offer will indicate) the most effective approach is to call the block desk to help execute the order by accessing the enhanced l ...
Follow the money - Bretton Woods Project
... this thinking and present some ideas for civil society groups working on international finance. The IFC justifies its investments in the financial sector because they “spur economic growth”, though this has been contested by many researchers. The IFC also says the financial sectors allows it to expa ...
... this thinking and present some ideas for civil society groups working on international finance. The IFC justifies its investments in the financial sector because they “spur economic growth”, though this has been contested by many researchers. The IFC also says the financial sectors allows it to expa ...
Impact of Macroeconomic Factors on Share Price Index
... Impact of Macroeconomic Factors on Share Price Index in Vietnam’s Stock Market Research of Friedman and Schwartz (1963) shows the initial explanation about the relation between money supply and income of stock. Since then, increase of money supply will raise the liquidity and credit for investors o ...
... Impact of Macroeconomic Factors on Share Price Index in Vietnam’s Stock Market Research of Friedman and Schwartz (1963) shows the initial explanation about the relation between money supply and income of stock. Since then, increase of money supply will raise the liquidity and credit for investors o ...
Advanced Financial Accounting: Chapter 2
... Markets will not reward firm’s diversification with a higher price for its shares if investors can replicate the firm’s strategies ...
... Markets will not reward firm’s diversification with a higher price for its shares if investors can replicate the firm’s strategies ...
Corporate Finance
... A firm's value will be determined the quality of its investments and not by its financing mix. The cost of capital of the firm will not change with leverage. As a firm increases its leverage, the cost of equity will increase just enough to offset any gains to the leverage. ...
... A firm's value will be determined the quality of its investments and not by its financing mix. The cost of capital of the firm will not change with leverage. As a firm increases its leverage, the cost of equity will increase just enough to offset any gains to the leverage. ...
Schroders Global Market Perspective - Q1 2014
... are good that an agreement will be reached over the debt ceiling ahead of the February deadline. Meanwhile, investors are focussed on the implications of the Federal Reserve’s decision to start tapering bond purchases. So far the reaction has been benign, although this owes much to the earlier sell ...
... are good that an agreement will be reached over the debt ceiling ahead of the February deadline. Meanwhile, investors are focussed on the implications of the Federal Reserve’s decision to start tapering bond purchases. So far the reaction has been benign, although this owes much to the earlier sell ...
January-March 2002
... The deterioration in earnings compared with the same period last year is explained by lower prices, expressed in EUR and USD, primarily for market pulp, which accounts for MSEK 126 of the decline. The effect on earnings of price reductions was balanced to a certain extent by the weakened Swedish kro ...
... The deterioration in earnings compared with the same period last year is explained by lower prices, expressed in EUR and USD, primarily for market pulp, which accounts for MSEK 126 of the decline. The effect on earnings of price reductions was balanced to a certain extent by the weakened Swedish kro ...
Q1-07 CFO Presentation
... This session and answers to questions contain forward-looking statements that require assumptions about expected future events including 2007 guidance, competition, financing, financial and operating results, and regulation that are subject to inherent risks and uncertainties. There is significant r ...
... This session and answers to questions contain forward-looking statements that require assumptions about expected future events including 2007 guidance, competition, financing, financial and operating results, and regulation that are subject to inherent risks and uncertainties. There is significant r ...
Information about Financial instruments
... Floor floaters are variable-interest bonds which pay a minimum level of interest. In the event that the sum of the reference rate and the spread falls below this level, the investor is guaranteed payment of interest at the minimum rate. Conversely, cap floaters are variable-interest bonds which pay ...
... Floor floaters are variable-interest bonds which pay a minimum level of interest. In the event that the sum of the reference rate and the spread falls below this level, the investor is guaranteed payment of interest at the minimum rate. Conversely, cap floaters are variable-interest bonds which pay ...
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.