Poverty traps, the money growth rule, and the stage of financial
... To derive the positive analytical link between the functioning of financial markets and economic development, we introduce money as a substitutable asset in Diamond’s overlapping generations model with credit market frictions, as studied in Matsuyama (2004). This type of growth model has been extens ...
... To derive the positive analytical link between the functioning of financial markets and economic development, we introduce money as a substitutable asset in Diamond’s overlapping generations model with credit market frictions, as studied in Matsuyama (2004). This type of growth model has been extens ...
SIFMA AMG Submits Comments to the Basel Committee on Banking
... “reduces counterparty exposure . . . it can also increase the economic resources at the disposal of the bank, as the bank can use the collateral to leverage itself.” The concern seems to be that a bank could use collateral in a way that might make the collateral unavailable if and when the bank’s co ...
... “reduces counterparty exposure . . . it can also increase the economic resources at the disposal of the bank, as the bank can use the collateral to leverage itself.” The concern seems to be that a bank could use collateral in a way that might make the collateral unavailable if and when the bank’s co ...
Why the Dollar Needs to Fall Further
... The recent drop in the dollar was a development both necessary and welcome. By early 2002, the dollar had reached a level that was unsustainable in financial markets and injurious to the domestic U.S. economy. Nevertheless, the dollar’s decline to date has been too limited to make much of a dent in ...
... The recent drop in the dollar was a development both necessary and welcome. By early 2002, the dollar had reached a level that was unsustainable in financial markets and injurious to the domestic U.S. economy. Nevertheless, the dollar’s decline to date has been too limited to make much of a dent in ...
Chapter Outline
... 12. To avoid distorting net operating income on the income statement, certain items must be reported net of taxes—that is, after considering applicable tax effects. These items are discontinued operations and extraordinary gains and losses. Objective 3: Describe the disclosure on the income statemen ...
... 12. To avoid distorting net operating income on the income statement, certain items must be reported net of taxes—that is, after considering applicable tax effects. These items are discontinued operations and extraordinary gains and losses. Objective 3: Describe the disclosure on the income statemen ...
Latin America - Scotia Capital
... be relatively well engineered by supply/demand market forces. Within the developing Americas, the return of Brazil and Argentina as core players in both primary and secondary debt markets accelerated a process of intra-regional rebalancing which alleviated investors’ exposure to Mexico and increased ...
... be relatively well engineered by supply/demand market forces. Within the developing Americas, the return of Brazil and Argentina as core players in both primary and secondary debt markets accelerated a process of intra-regional rebalancing which alleviated investors’ exposure to Mexico and increased ...
Municipal Act, 2001 - O. Reg. 247/01
... potential increase in expenditure for a work or class of work because of the use of the variable interest rate debenture. 3. The date the variable interest rate debenture is issued. O. Reg. 247/01, s. 3 (3). (4) In this section, “outstanding principal” means, (a) for a debenture with a sinking or re ...
... potential increase in expenditure for a work or class of work because of the use of the variable interest rate debenture. 3. The date the variable interest rate debenture is issued. O. Reg. 247/01, s. 3 (3). (4) In this section, “outstanding principal” means, (a) for a debenture with a sinking or re ...
The Developed Financial System Causes the Predicament of Zhejiang Merchants
... 6 The Deterioration of Economy Situation Triggers Operational Difficulties of Zhejiang Enterprises With the deterioration of economy situation, the shrink of numerous speculative industries and the ongoing contraction of real estate, it is quite normal that those enterprises who engage in speculatio ...
... 6 The Deterioration of Economy Situation Triggers Operational Difficulties of Zhejiang Enterprises With the deterioration of economy situation, the shrink of numerous speculative industries and the ongoing contraction of real estate, it is quite normal that those enterprises who engage in speculatio ...
Monetary Policy Statement December 2011 Contents
... The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. As foreshadowed in the September Statement, global conditions have deteriorated. Continuing difficulties related to sovereign and bank debt in a growing number of European economies have resulted in high levels of vol ...
... The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5 percent. As foreshadowed in the September Statement, global conditions have deteriorated. Continuing difficulties related to sovereign and bank debt in a growing number of European economies have resulted in high levels of vol ...
COUNTRY RISK - Semantic Scholar
... The goal of this paper is to gain knowledge of the determinants of Argentina’s country risk, measured by the spread of sovereign bonds in relation to comparable bonds of the U.S. Treasury. The importance of the subject lies on the crucial role that this risk plays in determining financial costs and ...
... The goal of this paper is to gain knowledge of the determinants of Argentina’s country risk, measured by the spread of sovereign bonds in relation to comparable bonds of the U.S. Treasury. The importance of the subject lies on the crucial role that this risk plays in determining financial costs and ...
The Macro Report - Putnam Investments
... Our sense is that the Fed is becoming more confident in the growth outlook and that discussions about the relative roles of rate hikes and balance sheet contraction are a bit more advanced than we had thought. At its early May meeting, the Fed dismissed the weakness of Q1 data (“The Committee views ...
... Our sense is that the Fed is becoming more confident in the growth outlook and that discussions about the relative roles of rate hikes and balance sheet contraction are a bit more advanced than we had thought. At its early May meeting, the Fed dismissed the weakness of Q1 data (“The Committee views ...
From the financial crisis to sustainability
... achieve that, the income of the majority of the population would have to cease lagging so far behind productivity trends – which would mean higher income and corresponding gains in wealth. • In order to increase net investment – i.e. investment that goes beyond merely maintaining the economy’s capit ...
... achieve that, the income of the majority of the population would have to cease lagging so far behind productivity trends – which would mean higher income and corresponding gains in wealth. • In order to increase net investment – i.e. investment that goes beyond merely maintaining the economy’s capit ...
The Possible Advantages of Islamic Financial Jurisprudence: An
... Over the last five years, as the global economy suffered one of the worst economic crises since the Great Depression, the fascination with Islamic finance has grown considerably.' At the end of 2011, the global market for Islamic finance was worth approximately E1.3 trillion.2 By 2012, the total val ...
... Over the last five years, as the global economy suffered one of the worst economic crises since the Great Depression, the fascination with Islamic finance has grown considerably.' At the end of 2011, the global market for Islamic finance was worth approximately E1.3 trillion.2 By 2012, the total val ...
S2008907_en.pdf
... to regulation and oversight during the months to come.3 Uncertainty surrounding the solvency of financial institutions (and investment banks in particular) caused a run on their liabilities and serious liquidity problems. As tends to be the case, the liquidity problems began to give rise to addition ...
... to regulation and oversight during the months to come.3 Uncertainty surrounding the solvency of financial institutions (and investment banks in particular) caused a run on their liabilities and serious liquidity problems. As tends to be the case, the liquidity problems began to give rise to addition ...
Key Investor Information
... Counterparty risk: The counterparty to a derivative or other contractual agreement or synthetic financial product could become unable to honour its commitments to the fund, potentially creating a partial or total loss for the fund. Currency risk: The fund can be exposed to different currencies. Chan ...
... Counterparty risk: The counterparty to a derivative or other contractual agreement or synthetic financial product could become unable to honour its commitments to the fund, potentially creating a partial or total loss for the fund. Currency risk: The fund can be exposed to different currencies. Chan ...
View/Open
... segments of society that have imperfect access to capital markets (generally the poor) but there is little justification for public intervention in subsidizing investment in other forms of capital unless the distribution of capital among firms is a goal in itself. In addition, given that human capit ...
... segments of society that have imperfect access to capital markets (generally the poor) but there is little justification for public intervention in subsidizing investment in other forms of capital unless the distribution of capital among firms is a goal in itself. In addition, given that human capit ...
Summary of the EU`s new risk retention rules as they relate to
... Given the rule-changes reflected in the CRR, affected investors rightly want to know whether, without attracting additional capital charges, they can continue to hold transactions (old rules transactions) that qualified under the rules in place prior to 1 January 2014 but that do not qualify under t ...
... Given the rule-changes reflected in the CRR, affected investors rightly want to know whether, without attracting additional capital charges, they can continue to hold transactions (old rules transactions) that qualified under the rules in place prior to 1 January 2014 but that do not qualify under t ...
Study unit 3 Perspectives of Entrepreneurship
... ability to generate change through innovation ability to find new combinations of resources ability to improve existing operations ability to lead economic activity at a profit in times of uncertainty ...
... ability to generate change through innovation ability to find new combinations of resources ability to improve existing operations ability to lead economic activity at a profit in times of uncertainty ...
PDF Download
... 2013 to about 6-1/4 percent in 2023. Once again, demographics are at work. Over the next 10 years, the proportion of the population of the United States that is over 65 years of age will increase by a third. The aging of the population will inevitably generate greater demands for health care, especi ...
... 2013 to about 6-1/4 percent in 2023. Once again, demographics are at work. Over the next 10 years, the proportion of the population of the United States that is over 65 years of age will increase by a third. The aging of the population will inevitably generate greater demands for health care, especi ...
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.