The effects of US unconventional monetary policies in Latin America
... substantial pass-through of unconventional US monetary policy to EME bond yields but with larger heterogeneity than that observed in the transmission to advanced economies. Finally, more recent papers have focused specifically on the cross-border impact of the “tapering talk”. Market reaction to tal ...
... substantial pass-through of unconventional US monetary policy to EME bond yields but with larger heterogeneity than that observed in the transmission to advanced economies. Finally, more recent papers have focused specifically on the cross-border impact of the “tapering talk”. Market reaction to tal ...
Capital Commitment and Illiquidity in Corporate Bonds
... We document a number of striking findings, including that dealer concentration, while relatively high, has trended down over time. In recent years, individual dealers trade more bonds on average, and an average bond is traded by more dealers, results that suggest increased competition in market maki ...
... We document a number of striking findings, including that dealer concentration, while relatively high, has trended down over time. In recent years, individual dealers trade more bonds on average, and an average bond is traded by more dealers, results that suggest increased competition in market maki ...
MN20211A-2009 - people.bath.ac.uk
... Jensen’s evidence from the oil industry. After 1973, oil industry generated large free cashflows. Management wasted money on unnecessary R and D. also started diversification programs outside the industry. Evidence- McConnell and Muscerella (1986) – increases in R and D caused decreases in stock pr ...
... Jensen’s evidence from the oil industry. After 1973, oil industry generated large free cashflows. Management wasted money on unnecessary R and D. also started diversification programs outside the industry. Evidence- McConnell and Muscerella (1986) – increases in R and D caused decreases in stock pr ...
STRONG ORDER BOOKINGS INCREASED MARKET RISK
... MSEK 1,071 as of 31 December 2014. This had a negative impact on cash flow from operating activities of MSEK 685 during the first half-year 2015. The operational cash flow amounted to MSEK -1,806 (-1,097). It is defined as cash flow from operating activities, excluding taxes and other financial item ...
... MSEK 1,071 as of 31 December 2014. This had a negative impact on cash flow from operating activities of MSEK 685 during the first half-year 2015. The operational cash flow amounted to MSEK -1,806 (-1,097). It is defined as cash flow from operating activities, excluding taxes and other financial item ...
Capital Markets Union
... Securitisation has been in steady decline. Securitisation allows loans and other receivables to become tradable, and can therefore (indirectly) foster the financing of firms, especially SMEs. Securitisation issuance, however, has not recovered to its pre-crisis level mainly because of the misuse ass ...
... Securitisation has been in steady decline. Securitisation allows loans and other receivables to become tradable, and can therefore (indirectly) foster the financing of firms, especially SMEs. Securitisation issuance, however, has not recovered to its pre-crisis level mainly because of the misuse ass ...
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... the establishment with the property without paying the merchant. Popular forms of fraud include credit card fraud, health care fraud, insurance fraud, mortgage fraud, and various forms of fraudulent activities associated with identity theft. ...
... the establishment with the property without paying the merchant. Popular forms of fraud include credit card fraud, health care fraud, insurance fraud, mortgage fraud, and various forms of fraudulent activities associated with identity theft. ...
Document
... Looking Ahead After studying this chapter, you should be able to: 1. Identify the basic requirements for an accounting ...
... Looking Ahead After studying this chapter, you should be able to: 1. Identify the basic requirements for an accounting ...
Alternative Investments as Modern Financial Innovations
... associated with, for example, agricultural produce, precious metals, oil and many other physical assets that can form the basis of transactions in the futures market. In the terminology of finance, by contrast, the concept Commodity Trading Advisers (CTA) means professionals, called Licensed Profess ...
... associated with, for example, agricultural produce, precious metals, oil and many other physical assets that can form the basis of transactions in the futures market. In the terminology of finance, by contrast, the concept Commodity Trading Advisers (CTA) means professionals, called Licensed Profess ...
What Happened in Cyprus?
... international practice where debt management is performed either at the ministry of finance or by independent Debt Management Offices. Reliance on financing sovereign debt from foreign sources became more important in 2009-2010 as the lure of lower foreign interest rates was a temptation too big to ...
... international practice where debt management is performed either at the ministry of finance or by independent Debt Management Offices. Reliance on financing sovereign debt from foreign sources became more important in 2009-2010 as the lure of lower foreign interest rates was a temptation too big to ...
This PDF is a selection from a published volume from... National Bureau of Economic Research
... stock market indexes fell sharply in countries that suffered sudden stops. By the end of January 1995, nearly a month after the devaluation of the peso, Mexico’s stock market index had fallen by more than 50 percent in dollar terms relative to 1 November 1994. The indexes in Brazil and Argentina fell ...
... stock market indexes fell sharply in countries that suffered sudden stops. By the end of January 1995, nearly a month after the devaluation of the peso, Mexico’s stock market index had fallen by more than 50 percent in dollar terms relative to 1 November 1994. The indexes in Brazil and Argentina fell ...
Macroeconomic impact assessment of OTC derivatives regulatory
... risk transfer and other financial services that support economic activity, as financial institutions seek to recoup some of the direct costs of reforms. These costs include funding more collateral, financing a greater proportion of assets with equity and increased operational outlays, including cent ...
... risk transfer and other financial services that support economic activity, as financial institutions seek to recoup some of the direct costs of reforms. These costs include funding more collateral, financing a greater proportion of assets with equity and increased operational outlays, including cent ...
Regional markets outperform on expectations for further ECB easing
... to a new 7 ½ year low of 5.0% in the unemployment rate. The FOMC October 27/28 meeting minutes did little to alter expectations for an FOMC rate hike at the next policy meeting on December 15-16, with the majority of policy members assessing that downside risks from the world economy and global fina ...
... to a new 7 ½ year low of 5.0% in the unemployment rate. The FOMC October 27/28 meeting minutes did little to alter expectations for an FOMC rate hike at the next policy meeting on December 15-16, with the majority of policy members assessing that downside risks from the world economy and global fina ...
Introduction to Managerial Accounting
... When the cash flows associated with an investment project change from year to year, the payback formula introduced earlier cannot be used. ...
... When the cash flows associated with an investment project change from year to year, the payback formula introduced earlier cannot be used. ...
M o n e t a r y ... C o n t e n t s 1 November 1998
... Given the recent economic and financial turbulence internationally, projecting an economic recovery so soon may appear optimistic. On the other hand, with the recent substantial easing in monetary policy, and New Zealand’s previous experience when conditions were at this level, projecting such a mod ...
... Given the recent economic and financial turbulence internationally, projecting an economic recovery so soon may appear optimistic. On the other hand, with the recent substantial easing in monetary policy, and New Zealand’s previous experience when conditions were at this level, projecting such a mod ...
Memo - WICPA
... decides to go with us as their new auditor, having them as a client will bring in approximately an extra $4.5 million in revenue for us each year. Needless to say, this would be a huge account for us!! Next Friday, their CEO & CFO will be hearing sales presentations from various accounting firms to ...
... decides to go with us as their new auditor, having them as a client will bring in approximately an extra $4.5 million in revenue for us each year. Needless to say, this would be a huge account for us!! Next Friday, their CEO & CFO will be hearing sales presentations from various accounting firms to ...
The Elusive Gains from International Financial Integration
... Our results are consistent with the recent developments in the literature on growth and convergence in international perspective. In contrast with early papers that stressed factor accumulation as a source of growth (Mankiw, Romer and Weil, 1992; Barro, Mankiw and Sala-i-Martin, 1995), the literatur ...
... Our results are consistent with the recent developments in the literature on growth and convergence in international perspective. In contrast with early papers that stressed factor accumulation as a source of growth (Mankiw, Romer and Weil, 1992; Barro, Mankiw and Sala-i-Martin, 1995), the literatur ...
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.