First half year 2016 results
... conversion option of the previous convertible bond (€ -42.7 million) in line with the evolution of the share price and a loss of € -2.9 million that was incurred on the repurchase of the previous bonds that were not traded for new ...
... conversion option of the previous convertible bond (€ -42.7 million) in line with the evolution of the share price and a loss of € -2.9 million that was incurred on the repurchase of the previous bonds that were not traded for new ...
Competition-Fragility or Competition
... second 2007. According to Greenspan the latter event is referred as a severe crisis as the Great Depression and “a once-in-a-half-century, probably once-in-a-century type of event."2 Profitability of U.S. banks declined by 83.5 percent from $35.2 in 2006 to 5.8 billion in 2007 (Laeven and Valencia, ...
... second 2007. According to Greenspan the latter event is referred as a severe crisis as the Great Depression and “a once-in-a-half-century, probably once-in-a-century type of event."2 Profitability of U.S. banks declined by 83.5 percent from $35.2 in 2006 to 5.8 billion in 2007 (Laeven and Valencia, ...
EXPLORING ALtERNAtIvE INvEstmENts Hedge Funds | Managed
... Traditionally, investors have diversified their portfolios by including several core asset classes, such as equities, bonds, and publicly traded real estate, often further diversifying within these asset classes. For instance, the equity portion of a portfolio might include domestic, international, ...
... Traditionally, investors have diversified their portfolios by including several core asset classes, such as equities, bonds, and publicly traded real estate, often further diversifying within these asset classes. For instance, the equity portion of a portfolio might include domestic, international, ...
PDF
... The composite returns of the NCREIF Farmland Index are compared to the returns of several competing investments. All of the quarterly series were obtained from the St. Louis Federal Reserve’s Federal Reserve Economic Data (FRED) database. The three-month Treasury rate (or T-bill) is a debt financing ...
... The composite returns of the NCREIF Farmland Index are compared to the returns of several competing investments. All of the quarterly series were obtained from the St. Louis Federal Reserve’s Federal Reserve Economic Data (FRED) database. The three-month Treasury rate (or T-bill) is a debt financing ...
The Broken Bank White Paper_v10
... and interest rates to try to control an economy What were once good intentions have set global economies on a merry-go-round of boom-and-bust economic cycles. Very few people are aware that central banks use their deposits in this manner and have this much control over our money and lives. Hence, ma ...
... and interest rates to try to control an economy What were once good intentions have set global economies on a merry-go-round of boom-and-bust economic cycles. Very few people are aware that central banks use their deposits in this manner and have this much control over our money and lives. Hence, ma ...
Monetary Policy, Financial Conditions, and Financial Stability
... between borrowers and lenders that gives rise to an external finance premium. The size of the external finance premium depends on the balance sheet conditions of the borrower: When interest rates are low and asset values rise, higher net worth of borrowers arising from higher collateral values eases ...
... between borrowers and lenders that gives rise to an external finance premium. The size of the external finance premium depends on the balance sheet conditions of the borrower: When interest rates are low and asset values rise, higher net worth of borrowers arising from higher collateral values eases ...
Institutions, Public Debt and Foreign Finance
... economies to reap the benefits of financial integration (IMF 1999, IADB 2006). Economic theory and empirical evidence confirm that better financial institutions enhance the ability of domestic financial systems to attract foreign funds and employ them efficiently (e.g. Caballero and Krishnamurthy 20 ...
... economies to reap the benefits of financial integration (IMF 1999, IADB 2006). Economic theory and empirical evidence confirm that better financial institutions enhance the ability of domestic financial systems to attract foreign funds and employ them efficiently (e.g. Caballero and Krishnamurthy 20 ...
Key Investor Information
... 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. Changes in foreign exchange rates could create losses. Derivative ...
... 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. Changes in foreign exchange rates could create losses. Derivative ...
Historical Performance of Commodity and Stock Markets
... cycle in commodities would continue into the upcoming decade, and this assessment was based on a descriptive analysis of the relationships between stock and commodity prices. Rogers suggested that commodity markets were the place to be for investors, given the insatiable demand for raw commodities f ...
... cycle in commodities would continue into the upcoming decade, and this assessment was based on a descriptive analysis of the relationships between stock and commodity prices. Rogers suggested that commodity markets were the place to be for investors, given the insatiable demand for raw commodities f ...
Bank Insolvency Procedures and Market Discipline in European
... sensitive to perceptions about banks’ risk-taking. Therefore, shareholders have an incentive to use too much low cost debt financing to finance relatively risky loans. Market discipline should also enhance incentives to compete by means of creditevaluation and pricing skills. Unintended underestimat ...
... sensitive to perceptions about banks’ risk-taking. Therefore, shareholders have an incentive to use too much low cost debt financing to finance relatively risky loans. Market discipline should also enhance incentives to compete by means of creditevaluation and pricing skills. Unintended underestimat ...
BANCOLOMBIA SA (Form: 6-K, Received: 11/21
... During 3Q16, net fees and income from services totaled COP 591 billion, increasing 3.4% with respect to 2Q16 and 15.2% with respect to 3Q15. The positive performance in fees is due to higher volumes of transactions and the outstanding performance of banking services, credit and debit cards and banca ...
... During 3Q16, net fees and income from services totaled COP 591 billion, increasing 3.4% with respect to 2Q16 and 15.2% with respect to 3Q15. The positive performance in fees is due to higher volumes of transactions and the outstanding performance of banking services, credit and debit cards and banca ...
LBBW Outlook 2016
... growth rate in USD terms already since 2012 on an annualized basis. In the past few months global trade volume has on average been 10 % below the previous year’s levels. Adjusted for price and exchange rate effects the pace of growth has declined to figures close to 0 % in some cases. Until 2008, gr ...
... growth rate in USD terms already since 2012 on an annualized basis. In the past few months global trade volume has on average been 10 % below the previous year’s levels. Adjusted for price and exchange rate effects the pace of growth has declined to figures close to 0 % in some cases. Until 2008, gr ...
Today`s Farm Real Estate Debt Landscape
... ranchers would find it difficult to buy land, especially with current values at historically high levels. Yet, extending too much debt could undermine the sustainability of lofty farmland values, and ultimately lead to a collapse in land markets—as occurred during the 1980s farm debt crisis. In some ...
... ranchers would find it difficult to buy land, especially with current values at historically high levels. Yet, extending too much debt could undermine the sustainability of lofty farmland values, and ultimately lead to a collapse in land markets—as occurred during the 1980s farm debt crisis. In some ...
Analytical Note - European Commission
... The crisis then turned into a sovereign debt crisis. The first decade of the euro had not led to a sustainable reduction of public debts and deficits below the reference values of 3 % and 60 % of GDP required by the Maastricht Treaty. Government debt in the euro area, which had stood at 72.8 % of GD ...
... The crisis then turned into a sovereign debt crisis. The first decade of the euro had not led to a sustainable reduction of public debts and deficits below the reference values of 3 % and 60 % of GDP required by the Maastricht Treaty. Government debt in the euro area, which had stood at 72.8 % of GD ...
Central banks and financial crises
... In this paper I draw lessons from the experience of the past year for the conduct of central banks in the pursuit of macroeconomic and financial stability. Modern central banks have three main tasks: (1) the pursuit of macroeconomic stability; (2) maintaining financial stability and (3) ensuring the ...
... In this paper I draw lessons from the experience of the past year for the conduct of central banks in the pursuit of macroeconomic and financial stability. Modern central banks have three main tasks: (1) the pursuit of macroeconomic stability; (2) maintaining financial stability and (3) ensuring the ...
Monetary Policy Statement June 2010 Contents
... However, we expect households to remain relatively cautious, with the housing market and credit growth staying subdued. This moderate household spending contributes to some rebalancing in the economy. Underlying CPI inflation is expected to track within the target range even as the economy expands f ...
... However, we expect households to remain relatively cautious, with the housing market and credit growth staying subdued. This moderate household spending contributes to some rebalancing in the economy. Underlying CPI inflation is expected to track within the target range even as the economy expands f ...
Volume 74 No. 1, March 2011 Contents
... aftermath of that earthquake will influence the way in which ...
... aftermath of that earthquake will influence the way in which ...
doc - State of New Jersey
... connection with the delivery of Contract services are specified in the Contract Annex (es). Closeout “preliminary”: the process, whereby the Departmental Component reconciles the amount of funding paid to a Provider Agency during the contract term against the final Report of Expenditures (ROE) or t ...
... connection with the delivery of Contract services are specified in the Contract Annex (es). Closeout “preliminary”: the process, whereby the Departmental Component reconciles the amount of funding paid to a Provider Agency during the contract term against the final Report of Expenditures (ROE) or t ...
The Spectre of Mortgage Fraud: A PRIMER
... or it could be both of us. That is, people who are relying on the unfunded systems--public sector pensions, Social Security, and Medicare--might find their benefits cut. Or people who are relying on personal savings could wind up having those savings taxed away in order to address the shortfalls in ...
... or it could be both of us. That is, people who are relying on the unfunded systems--public sector pensions, Social Security, and Medicare--might find their benefits cut. Or people who are relying on personal savings could wind up having those savings taxed away in order to address the shortfalls in ...
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.