Putnam Bond Index Fund
... Total foreign government and agency bonds and notes (cost $1,500,336) ...
... Total foreign government and agency bonds and notes (cost $1,500,336) ...
Draft FRS 104 - Accounting Standards Council
... income or expense from reinsurance contracts against the expense or income from the related insurance contracts. ...
... income or expense from reinsurance contracts against the expense or income from the related insurance contracts. ...
not fdic insured | may lose value | no bank
... Risks of Investment Activities Generally: All securities investing and trading activities risk the loss of capital. No assurance can be given that the Fund’s investment activities will be successful or that the Fund’s shareholders will not suffer losses. Commodities Risk: Exposure to the commodities ...
... Risks of Investment Activities Generally: All securities investing and trading activities risk the loss of capital. No assurance can be given that the Fund’s investment activities will be successful or that the Fund’s shareholders will not suffer losses. Commodities Risk: Exposure to the commodities ...
Interest Rate
... Discount Yield and Investment Yield: The yield on Tbills (and other discounted securities, such as commercial paper) which are selling at a discount of their maturity values. Yield to Maturity: The interest rate that equates the future payments to be received from a financial instrument (coupons plu ...
... Discount Yield and Investment Yield: The yield on Tbills (and other discounted securities, such as commercial paper) which are selling at a discount of their maturity values. Yield to Maturity: The interest rate that equates the future payments to be received from a financial instrument (coupons plu ...
Savings and Investing Common Forms of Investments
... Common Stock Common stock represents general ownership in a corporation, carries voting privileges, and includes a right to share in its profits. However, there are no fixed dividend rates. Common stock is always liquid—it can be bought or sold at any time on the open market. Preferred Stock Preferr ...
... Common Stock Common stock represents general ownership in a corporation, carries voting privileges, and includes a right to share in its profits. However, there are no fixed dividend rates. Common stock is always liquid—it can be bought or sold at any time on the open market. Preferred Stock Preferr ...
Economics and Moral Sentiments: The Case of Moral Hazard
... values posed by commercial society. Insofar as individuals were incentivised by income, Smith (1759: IV.1.8) saw self-delusion, but with the positive externality of activities which promoted economic growth and thus improved living standards for others. But Smith himself emphasised the aim of living ...
... values posed by commercial society. Insofar as individuals were incentivised by income, Smith (1759: IV.1.8) saw self-delusion, but with the positive externality of activities which promoted economic growth and thus improved living standards for others. But Smith himself emphasised the aim of living ...
The cost of capital of levered equity is equal to the cost of capital of
... markets, the total value of a firm should not depend on its capital structure. They reasoned that the firm’s total cash flows still equal the cash ...
... markets, the total value of a firm should not depend on its capital structure. They reasoned that the firm’s total cash flows still equal the cash ...
PDF Download
... Financial markets have grown rapidly over the last decades, especially in high-income countries. Looking at the United States and Great Britain, for example, the ratio of private credit relative to GDP has increased from a value of about one in the 1980s to around two in recent years.1 Similar trend ...
... Financial markets have grown rapidly over the last decades, especially in high-income countries. Looking at the United States and Great Britain, for example, the ratio of private credit relative to GDP has increased from a value of about one in the 1980s to around two in recent years.1 Similar trend ...
monThlY SEASonAlITY In CUrrEnCY rETUrnS: 1972-2010
... 1999), we employ the German deutschmark as its proxy. The US Dollar Index is calculated by factoring in the exchange rates of these major world currencies based on a trade-weighted basis. As the Australian dollar and New Zealand dollar are frequently traded in the FX markets, we also include these t ...
... 1999), we employ the German deutschmark as its proxy. The US Dollar Index is calculated by factoring in the exchange rates of these major world currencies based on a trade-weighted basis. As the Australian dollar and New Zealand dollar are frequently traded in the FX markets, we also include these t ...
Economic Review 1, 2013 , Algorithmic trading in the foreign
... and ask prices and to guarantee that it is possible to buy and sell a minimum volume in one or several currency pairs. In this article, ’market maker’ refers to banks with formal and informal commitments to quote prices in various currency pairs. Foreign exchange trading entails risks for the market ...
... and ask prices and to guarantee that it is possible to buy and sell a minimum volume in one or several currency pairs. In this article, ’market maker’ refers to banks with formal and informal commitments to quote prices in various currency pairs. Foreign exchange trading entails risks for the market ...
A Financial Crisis Manual
... households suffered higher proportional hits to their net worth. From 2007 to 2010, the median household endured a nearly 40% decline in wealth.10 Even worse, many households lost the house itself. By early 2010, about one out of every eleven mortgages was in default, and by mid-2012 over eight mill ...
... households suffered higher proportional hits to their net worth. From 2007 to 2010, the median household endured a nearly 40% decline in wealth.10 Even worse, many households lost the house itself. By early 2010, about one out of every eleven mortgages was in default, and by mid-2012 over eight mill ...
This PDF is a selection from a published volume from... Economic Research Volume Title: NBER International Seminar on Macroeconomics 2007
... sibility of default as a distinguishing featureof financialtransactiontradebetween presentgoods and claimsto futurereturns.Forthe claims to future returns,we focus on private debt or equity, and will not address important related issues of sovereign debts, and government guarantee of private debts, ...
... sibility of default as a distinguishing featureof financialtransactiontradebetween presentgoods and claimsto futurereturns.Forthe claims to future returns,we focus on private debt or equity, and will not address important related issues of sovereign debts, and government guarantee of private debts, ...
Financial Restructuring
... When the going gets tough: a closer look at financial distress and restructuring The European Commission recently published a report by Oxera examining the process and outcomes of financial distress and restructuring. The objective of the study is to gain a clearer understanding of what might happen ...
... When the going gets tough: a closer look at financial distress and restructuring The European Commission recently published a report by Oxera examining the process and outcomes of financial distress and restructuring. The objective of the study is to gain a clearer understanding of what might happen ...
CFO Survey Europe Report Q4 2014
... economic prospects. The index has decreased from 53 to 48 on a scale of 100, while the number of optimists has reached an all-time low of 10% (down from 22%), and the number of pessimists a record high of 70% (up from 61%). The deterioration in economic sentiment among Latin American CFOs has result ...
... economic prospects. The index has decreased from 53 to 48 on a scale of 100, while the number of optimists has reached an all-time low of 10% (down from 22%), and the number of pessimists a record high of 70% (up from 61%). The deterioration in economic sentiment among Latin American CFOs has result ...
Convertibility of Capital Account
... include resident‟s purchases of foreign assets and repayment of foreign loans; inflows include foreigner‟s investments in home-country residents. Freeing transactions like these from restrictions – that is, allowing capital to flow freely in or out of a country without controls or restrictions – is ...
... include resident‟s purchases of foreign assets and repayment of foreign loans; inflows include foreigner‟s investments in home-country residents. Freeing transactions like these from restrictions – that is, allowing capital to flow freely in or out of a country without controls or restrictions – is ...
vsi12-tfs raciborski 18648425 en
... In our model, we focus on the type of …nancial transaction tax which is levied on secondary market trade in equties. To study the impact of an equities transaction tax on …nancial and real economic variables, the paper incorporates …nancial frictions in a standard closed-economy RBC model. Financial ...
... In our model, we focus on the type of …nancial transaction tax which is levied on secondary market trade in equties. To study the impact of an equities transaction tax on …nancial and real economic variables, the paper incorporates …nancial frictions in a standard closed-economy RBC model. Financial ...
Royce Opportunity Fund
... This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. The Fund invests primarily in smallcap stocks, which may involve considerably more risk than investing in larger-cap stocks ...
... This material is not authorized for distribution unless preceded or accompanied by a current prospectus. Please read the prospectus carefully before investing or sending money. The Fund invests primarily in smallcap stocks, which may involve considerably more risk than investing in larger-cap stocks ...
Accounting Theory and Policy Making
... put into practice at the organizational level. Hence, the output of the policy level is implemented at the accounting practice level. Of course we have now entered an era when failures of large publicly traded companies (e.g., Enron, WorldCom) are going to have a significant impact on financial acco ...
... put into practice at the organizational level. Hence, the output of the policy level is implemented at the accounting practice level. Of course we have now entered an era when failures of large publicly traded companies (e.g., Enron, WorldCom) are going to have a significant impact on financial acco ...
direct investment enterprise
... an individual; a group of related individuals; an incorporated or unincorporated enterprise; a public or private enterprise; a group of related enterprises; a government; an estate, trust or other societal organisation; or any combination thereof. In the case where two enterprises each own 10% or mo ...
... an individual; a group of related individuals; an incorporated or unincorporated enterprise; a public or private enterprise; a group of related enterprises; a government; an estate, trust or other societal organisation; or any combination thereof. In the case where two enterprises each own 10% or mo ...
NBER WORKING PAPER SERIES INTERNATIONAL RESERVES MANAGEMENT AND THE CURRENT ACCOUNT
... comforting factors relative to external assets and liabilities in the context of a rational balance sheet approach.” ...
... comforting factors relative to external assets and liabilities in the context of a rational balance sheet approach.” ...
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.