Scenarios on the sovereign debt crisis
... ■ Balance sheet coverage – expanded to cover financial and nonfinancial corporates as well as households and governments ■ Credit ratings – Reflecting the impact of sovereign debt ratings on interest rate spreads for government bonds ■ Feedback effects – from unemployment/insolvencies on credit ...
... ■ Balance sheet coverage – expanded to cover financial and nonfinancial corporates as well as households and governments ■ Credit ratings – Reflecting the impact of sovereign debt ratings on interest rate spreads for government bonds ■ Feedback effects – from unemployment/insolvencies on credit ...
NBER WORKING PAPER SERIES THE LONG SLUMP Robert E. Hall Working Paper 16741
... extended period of slow growth that follows the contraction. Relative to the vocabulary of peaks and troughs, a slump lasts from the time when employment falls below its normal level during the contraction to the time when employment regains its normal level during an expansion. Thus a slump spans t ...
... extended period of slow growth that follows the contraction. Relative to the vocabulary of peaks and troughs, a slump lasts from the time when employment falls below its normal level during the contraction to the time when employment regains its normal level during an expansion. Thus a slump spans t ...
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... so-called defaulted Sukuk last year, many scholars I contacted told me that we would first have to wait and examine the cases. In other words, they needed some time to come up with innovative Shari’ah restructuring plans. The problem was that they had never seen large scale default events before; he ...
... so-called defaulted Sukuk last year, many scholars I contacted told me that we would first have to wait and examine the cases. In other words, they needed some time to come up with innovative Shari’ah restructuring plans. The problem was that they had never seen large scale default events before; he ...
Buyers Guide to RMB Bonds
... underlying interest rate risks will vary too. Onshore funds are essentially exposed to Chinese inflationary and interest rate risks, while offshore RMB hedged funds may have more implicit exposure to US interest rate risk if they are buying USD denominated bonds and hedging them back to RMB. Dim sum ...
... underlying interest rate risks will vary too. Onshore funds are essentially exposed to Chinese inflationary and interest rate risks, while offshore RMB hedged funds may have more implicit exposure to US interest rate risk if they are buying USD denominated bonds and hedging them back to RMB. Dim sum ...
Banking Crises, Deposit Insurance, and Market Discipline: Lessons
... (Cook and Spellman, 1994) seems to be of practical importance during and after a severe banking crisis, because a large number of banks fall into financial distress and deposit insurance funds or government funds may be depleted. The impact of banking crises on market discipline is likely to change ...
... (Cook and Spellman, 1994) seems to be of practical importance during and after a severe banking crisis, because a large number of banks fall into financial distress and deposit insurance funds or government funds may be depleted. The impact of banking crises on market discipline is likely to change ...
EMValWells
... holdings. You do risk carrying into your valuation any mistakes that the market may be making in valuation. The relative value solution: When there are too many cross holdings to value separately or when there is insufficient information provided on cross holdings, you can convert the book values of ...
... holdings. You do risk carrying into your valuation any mistakes that the market may be making in valuation. The relative value solution: When there are too many cross holdings to value separately or when there is insufficient information provided on cross holdings, you can convert the book values of ...
Baltic Macro Outlook 2016 Q3
... After deep deflation in 2015 (-0.7%) inflation is already higher in Lithuania this year (+0.5% in January-August). Due to fastest growth in consumption, Lithuania has also so far had the highest core inflation rate among the Baltics in 2016: +2.0% compared to +1.4% in Estonia and +1.0%. ...
... After deep deflation in 2015 (-0.7%) inflation is already higher in Lithuania this year (+0.5% in January-August). Due to fastest growth in consumption, Lithuania has also so far had the highest core inflation rate among the Baltics in 2016: +2.0% compared to +1.4% in Estonia and +1.0%. ...
Official PDF , 10 pages
... presumably hand-to-mouth patterns of resource allocation at the farm level are evidently expected to persist in spite of the multitude of changes to be introduced and induced by the project, so the farrler will remain with insufficient cash to meet the financial requirements of the changes envisaged ...
... presumably hand-to-mouth patterns of resource allocation at the farm level are evidently expected to persist in spite of the multitude of changes to be introduced and induced by the project, so the farrler will remain with insufficient cash to meet the financial requirements of the changes envisaged ...
Form of submitting notification according to article 19 MAR
... [Where more than one transaction of the same nature (purchases, sales, lendings, borrows, …) on the same financial instrument or emission allowance are executed on the same day and on the same place of transaction, prices and volumes of these transactions shall be reported in this field, in a two co ...
... [Where more than one transaction of the same nature (purchases, sales, lendings, borrows, …) on the same financial instrument or emission allowance are executed on the same day and on the same place of transaction, prices and volumes of these transactions shall be reported in this field, in a two co ...
FRU
... frequency. The bull market of 1995-1999 stands out, with returns of 27, 21, 22, 25 and 12%. If three consecutive years of returns over 10 percent is used as an approximate criterion, booms are relatively rare. The first boom for this data is 1921-1928, which had a long run of positive run returns of ...
... frequency. The bull market of 1995-1999 stands out, with returns of 27, 21, 22, 25 and 12%. If three consecutive years of returns over 10 percent is used as an approximate criterion, booms are relatively rare. The first boom for this data is 1921-1928, which had a long run of positive run returns of ...
RTF 57kB - Commonwealth Grants Commission
... population sub groups would be relevant to functionalised non replacement capital expenditure needs, since it is expected future levels of sub populations which influence total capital expenditures of various types. Also presumably those need assessments would appropriately cater for expected large ...
... population sub groups would be relevant to functionalised non replacement capital expenditure needs, since it is expected future levels of sub populations which influence total capital expenditures of various types. Also presumably those need assessments would appropriately cater for expected large ...
Bubbles and Busts: The 1990s in the Mirror of the 1920s (137 KB )
... frequency. The bull market of 1995-1999 stands out, with returns of 27, 21, 22, 25 and 12%. If three consecutive years of returns over 10 percent is used as an approximate criterion, booms are relatively rare. The first boom for this data is 1921-1928, which had a long run of positive run returns of ...
... frequency. The bull market of 1995-1999 stands out, with returns of 27, 21, 22, 25 and 12%. If three consecutive years of returns over 10 percent is used as an approximate criterion, booms are relatively rare. The first boom for this data is 1921-1928, which had a long run of positive run returns of ...
National wealth, land values and monetary policy
... that financial transactions with the rest of the world are included in the national balance sheet. So, to the data. There are four broad observations to which I would like to draw your attention. The first is that according to the ABS’ latest estimates, the total value of Australia’s assets as at en ...
... that financial transactions with the rest of the world are included in the national balance sheet. So, to the data. There are four broad observations to which I would like to draw your attention. The first is that according to the ABS’ latest estimates, the total value of Australia’s assets as at en ...
OSC Staff Notice 33-744 – Availability of registration exemptions to
... In Ontario, if a customer meets the definition of a “hedger” for the purposes of a trade, the customer may trade in a contract without registration if the trade is made through a dealer,5 including an unregistered foreign dealer. The term “hedger” is defined in the CFA as follows: “hedger” means a p ...
... In Ontario, if a customer meets the definition of a “hedger” for the purposes of a trade, the customer may trade in a contract without registration if the trade is made through a dealer,5 including an unregistered foreign dealer. The term “hedger” is defined in the CFA as follows: “hedger” means a p ...
Defying Gravity: Can Japanese sovereign debt continue to increase
... papers have concluded that the current Japanese government debts are not sustainable. But anyone who had taken bets on the sovereign crisis in Japan has been proven wrong so far. 1 There were some moments that a sovereign crisis seemed to occur. For example, the yield on the 10-year JGB climbed by 1 ...
... papers have concluded that the current Japanese government debts are not sustainable. But anyone who had taken bets on the sovereign crisis in Japan has been proven wrong so far. 1 There were some moments that a sovereign crisis seemed to occur. For example, the yield on the 10-year JGB climbed by 1 ...
Indonesian Banking Survey 32% 2014
... The report is provided for general and information purposes only, and is not to be taken as exhaustive; nor does it constitute legal or investment advice. In addition, the report is not intended to cover all topics of interest. We make no guarantee or warranty, express or implied, with respect to th ...
... The report is provided for general and information purposes only, and is not to be taken as exhaustive; nor does it constitute legal or investment advice. In addition, the report is not intended to cover all topics of interest. We make no guarantee or warranty, express or implied, with respect to th ...
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.