Draft: May 30, 2004 preliminary & incomplete
... The tension between the financial frictions and moral hazard approaches to explain Sudden Stops and their proposals for price guarantees captures an important tradeoff that ex ante price guarantees create. On one hand, ex-ante price guarantees hold the promise of endowing IFOs with an effective poli ...
... The tension between the financial frictions and moral hazard approaches to explain Sudden Stops and their proposals for price guarantees captures an important tradeoff that ex ante price guarantees create. On one hand, ex-ante price guarantees hold the promise of endowing IFOs with an effective poli ...
Program Title Recipient Value Date of Effect End Date
... 3 of substantially identical contracts with qualified recipients of funding under the Financial assistance towards legal costs and related expenses – expenses for witnesses to the Royal Commission into the Detention of Children in the Northern Territory Program ...
... 3 of substantially identical contracts with qualified recipients of funding under the Financial assistance towards legal costs and related expenses – expenses for witnesses to the Royal Commission into the Detention of Children in the Northern Territory Program ...
interest rate, exchange rate and inflation in romania
... These theories have generated more debate on foreign policy envisioned by the Central Bank, namely free exchange rates (floating) or managed exchange rates (fixed). For decades, the exchange rate has been the center of debate of macroeconomic policies in emerging markets. In many countries, the nomi ...
... These theories have generated more debate on foreign policy envisioned by the Central Bank, namely free exchange rates (floating) or managed exchange rates (fixed). For decades, the exchange rate has been the center of debate of macroeconomic policies in emerging markets. In many countries, the nomi ...
The Financial Intermediation Premium in the Cross Section of Stock
... financial institutions. Even though my approach is significantly different from that of Philippon, the estimated magnitudes of financial intermediation costs are comparable: 4% in terms of risk premia versus 1.5%–3.5% lower bound of costs provided by Philippon. My study complements the growing liter ...
... financial institutions. Even though my approach is significantly different from that of Philippon, the estimated magnitudes of financial intermediation costs are comparable: 4% in terms of risk premia versus 1.5%–3.5% lower bound of costs provided by Philippon. My study complements the growing liter ...
The Balance of Payments Accounts
... or decline in the current account balance In the US in 1980s, national savings declined by 5% of GDP reflecting in decline in investments by 3% of GDP and CA by 2% of GDP ...
... or decline in the current account balance In the US in 1980s, national savings declined by 5% of GDP reflecting in decline in investments by 3% of GDP and CA by 2% of GDP ...
Five Years After the Fall: The Governance Legacies of the Global
... the realm of prudential policies ensuring the stability and resilience of financial systems. Looking forward, Siklos maintains that “as long as the international community recognizes the potential spillovers from crisis-response measures…there is nothing to prevent the adoption of local solutions to ...
... the realm of prudential policies ensuring the stability and resilience of financial systems. Looking forward, Siklos maintains that “as long as the international community recognizes the potential spillovers from crisis-response measures…there is nothing to prevent the adoption of local solutions to ...
Uncertainty and the Disappearance of International Credit
... shock ε whose probability density function f (ε) lies over the range −ε 0 ≤ ε ≤ ε 0 , with ...
... shock ε whose probability density function f (ε) lies over the range −ε 0 ≤ ε ≤ ε 0 , with ...
CF Canlife Asia Pacific Fund
... The Fund has been classed as 6 because its volatility has been measured as above average to high. ...
... The Fund has been classed as 6 because its volatility has been measured as above average to high. ...
How the Stock Market Works 2
... – Stocks are traded in an over the counter electronic market – 4,000 small companies • Company requirements are not as strict ...
... – Stocks are traded in an over the counter electronic market – 4,000 small companies • Company requirements are not as strict ...
Santander made ordinary profit of EUR 3.426 billion, a 24% increase
... Emerging economies (Latin America and Poland) accounted for 41% of profit and mature markets contributed 59%. By country, the largest contribution was from U.K. (21%), followed by Brazil (20%), Spain (16%), U.S. (9%), Mexico (7%), Chile (5%), Poland and Argentina (4% each) and Portugal (2%). Santan ...
... Emerging economies (Latin America and Poland) accounted for 41% of profit and mature markets contributed 59%. By country, the largest contribution was from U.K. (21%), followed by Brazil (20%), Spain (16%), U.S. (9%), Mexico (7%), Chile (5%), Poland and Argentina (4% each) and Portugal (2%). Santan ...
Accruals, Net Stock Issues and Value-Glamour Anomalies
... empirical analysis tries to examine in detail whether the arguments in favor of earnings management are supported by the data. ...
... empirical analysis tries to examine in detail whether the arguments in favor of earnings management are supported by the data. ...
an alternative approach for teaching the interest
... amortized is the difference between the present values of the bond at the end of the interest payment period and at the beginning of the period. The formulas for the present value of a single payment and the present value of an ordinary annuity can be used to calculate this difference. The steps of ...
... amortized is the difference between the present values of the bond at the end of the interest payment period and at the beginning of the period. The formulas for the present value of a single payment and the present value of an ordinary annuity can be used to calculate this difference. The steps of ...
challenges smes face in acquiring loans from banks
... comparative analysis of the challenges SMEs face in accessing bank loans between Finland and Ghana, and recommend solutions in averting the challenges. The findings of the thesis shows that banks in general perceive SMEs to have high credit risk as compared to big corporations. Banks consider manage ...
... comparative analysis of the challenges SMEs face in accessing bank loans between Finland and Ghana, and recommend solutions in averting the challenges. The findings of the thesis shows that banks in general perceive SMEs to have high credit risk as compared to big corporations. Banks consider manage ...
italian insurance in figures
... In 2015, the shareholders’ funds were equal to 66.1 billion and increased by 2.7%. They amounted to 9% of the total liabilities. The overall technical provisions (direct and indirect, domestic and foreign business) were equal to 647 billion, increasing by 9.4% compared to 2014; life provisions, acco ...
... In 2015, the shareholders’ funds were equal to 66.1 billion and increased by 2.7%. They amounted to 9% of the total liabilities. The overall technical provisions (direct and indirect, domestic and foreign business) were equal to 647 billion, increasing by 9.4% compared to 2014; life provisions, acco ...
Private Sector Financing and the role of Risk
... In terms of supply, bank loans are by far the main source of funding to SMEs. A number of MFIs have introduced small business lending in recent years, but the overall supply of MFI lending to SMEs is limited. The leasing, credit union, and private equity sectors make a relatively minor contributio ...
... In terms of supply, bank loans are by far the main source of funding to SMEs. A number of MFIs have introduced small business lending in recent years, but the overall supply of MFI lending to SMEs is limited. The leasing, credit union, and private equity sectors make a relatively minor contributio ...
Chile: 2016 Article IV Consultation-Press Release
... Directors commended the authorities’ shift toward fiscal consolidation, given the sizable structural deficit, and recommended a gradual consolidation path so as to minimize the drag on the recovery. They noted that the role of the Advisory Fiscal Council could be strengthened to buttress fiscal cred ...
... Directors commended the authorities’ shift toward fiscal consolidation, given the sizable structural deficit, and recommended a gradual consolidation path so as to minimize the drag on the recovery. They noted that the role of the Advisory Fiscal Council could be strengthened to buttress fiscal cred ...
the relationship betweeen financial leverage and
... Financial leverage is favorable when the uses to which debt can be put generate returns greater than the interest expense associated with the debt. Many companies use financial leverage rather than acquiring more equity capital, which could reduce the earnings per share of existing shareholders. Fin ...
... Financial leverage is favorable when the uses to which debt can be put generate returns greater than the interest expense associated with the debt. Many companies use financial leverage rather than acquiring more equity capital, which could reduce the earnings per share of existing shareholders. Fin ...
US monetary policy normalisation tool box stocked
... • At the FOMC meeting this week, we expect the Fed to raise the Fed funds target range by 25bp to 0.500.75%, from the current 0.25-0.50%, by setting the IOER at the top of the range (0.75%) accompanied by the ON RRP rate 25bp lower at the bottom of the range (0.50%). For more details, see FOMC Previ ...
... • At the FOMC meeting this week, we expect the Fed to raise the Fed funds target range by 25bp to 0.500.75%, from the current 0.25-0.50%, by setting the IOER at the top of the range (0.75%) accompanied by the ON RRP rate 25bp lower at the bottom of the range (0.50%). For more details, see FOMC Previ ...
Vietnam: 2012 Article IV consultation Staff Report
... ambitious reform program for the financial sector over the next few years. State-owned enterprise (SOE) reform: SOE reform is needed to reduce risks to the financial sector and public finances, and to improve growth prospects in the medium term. The authorities are initiating reform measures, but pr ...
... ambitious reform program for the financial sector over the next few years. State-owned enterprise (SOE) reform: SOE reform is needed to reduce risks to the financial sector and public finances, and to improve growth prospects in the medium term. The authorities are initiating reform measures, but pr ...
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.