The Impact of Quantitative Easing Measures on Interest Rates
... Central banking has become a global growth industry. Combined assets of the ...
... Central banking has become a global growth industry. Combined assets of the ...
Journal Policy 2012-13 - Bojanala Platinum District Municipality
... administration of the municipality, and must for this purpose take all reasonable steps to Ensure that full and proper records of the financial affairs of the municipality are kept in accordance with any prescribed norms and standards that the municipality has and maintains effective, efficient and ...
... administration of the municipality, and must for this purpose take all reasonable steps to Ensure that full and proper records of the financial affairs of the municipality are kept in accordance with any prescribed norms and standards that the municipality has and maintains effective, efficient and ...
departamento de economia puc-rio texto para discussão n . 407
... During the period that goes from the introduction of the new currency up to the Asian crisis, the maturity of the Brazilian domestic public debt was gradually increased, based mostly on nominal debt. Chart 1 displays the evolution of the domestic public debt. In it, the different bond types are gath ...
... During the period that goes from the introduction of the new currency up to the Asian crisis, the maturity of the Brazilian domestic public debt was gradually increased, based mostly on nominal debt. Chart 1 displays the evolution of the domestic public debt. In it, the different bond types are gath ...
Review of Research in the NBER Program in International Finance
... The unemployment rate rises by an average of 7 percentage points over the down phase of the cycle and output falls by an average of over 9 percent. The real value of government debt tends to explode, rising an average 86 percent, because of lost tax revenues.11 Reinhart and Rogoff also find that the ...
... The unemployment rate rises by an average of 7 percentage points over the down phase of the cycle and output falls by an average of over 9 percent. The real value of government debt tends to explode, rising an average 86 percent, because of lost tax revenues.11 Reinhart and Rogoff also find that the ...
Master class on money laundering and corruption investigations
... set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system monitors countries' progress in implementing the FATF Recommendations ...
... set standards and promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and other related threats to the integrity of the international financial system monitors countries' progress in implementing the FATF Recommendations ...
Section III Composition of regulatory capital
... the minimum capital requirements with which banks are bound to comply. In particular, the ratio between risk-weighted assets and regulatory capital must not fall below 8%. The Bank of Italy has established a prudential level of 10%, which falls to 6% if only Tier 1 capital is considered (the core Ti ...
... the minimum capital requirements with which banks are bound to comply. In particular, the ratio between risk-weighted assets and regulatory capital must not fall below 8%. The Bank of Italy has established a prudential level of 10%, which falls to 6% if only Tier 1 capital is considered (the core Ti ...
Pricing Insurance Policies: The Internal Rate of Return Model
... company, while the investment rate of return is earned by the insurance company for supplying funds to the stock or bond markets. If these returns are expressed in nominal dollars, both will vary with economic inflation. If they’re expressed in real terms, there is still a connection. The IRR varies ...
... company, while the investment rate of return is earned by the insurance company for supplying funds to the stock or bond markets. If these returns are expressed in nominal dollars, both will vary with economic inflation. If they’re expressed in real terms, there is still a connection. The IRR varies ...
June 6, 2014
... employees of the University of Virginia Medical Center. Currently, there is no vesting requirement in the ORP. VRS includes a vesting requirement as does the University’s Medical Center retirement plan. Legislation allowing higher education institutions to adopt vesting schedules in defined contribu ...
... employees of the University of Virginia Medical Center. Currently, there is no vesting requirement in the ORP. VRS includes a vesting requirement as does the University’s Medical Center retirement plan. Legislation allowing higher education institutions to adopt vesting schedules in defined contribu ...
Banking in Spain - IESE Blog Network
... savings banks were restructured after the recent financial crisis, going from 45 to 12 groups, and most of them have become banking foundations that own a commercial bank. The result is a more concentrated banking system. The Spanish banking sector’s evolution in recent years has paralleled the econ ...
... savings banks were restructured after the recent financial crisis, going from 45 to 12 groups, and most of them have become banking foundations that own a commercial bank. The result is a more concentrated banking system. The Spanish banking sector’s evolution in recent years has paralleled the econ ...
MREL: Gone Concern Loss Absorbing Capacity
... which is prevailing in the Central, Eastern and South-Eastern Europe. Loss absorption amount. The current draft is based on the default that loss absorption is the maximum of both, the leverage ratio and the capital ratio requirements. Moreover, the capital ratio requirements enter the calculation i ...
... which is prevailing in the Central, Eastern and South-Eastern Europe. Loss absorption amount. The current draft is based on the default that loss absorption is the maximum of both, the leverage ratio and the capital ratio requirements. Moreover, the capital ratio requirements enter the calculation i ...
Financial Deepening
... in that savers resort to using cumbersome long-term savings portfolios, holding different vintages of illiquid paper as a surrogate for liquid saving. This is what distinguishes Region 3 from Region 2: without adequate financial intermediation, agents hold gross financial positions, with illiquid pa ...
... in that savers resort to using cumbersome long-term savings portfolios, holding different vintages of illiquid paper as a surrogate for liquid saving. This is what distinguishes Region 3 from Region 2: without adequate financial intermediation, agents hold gross financial positions, with illiquid pa ...
Aucun titre de diapositive
... basis are those with total banking assets of $250 billion or more or total on-balance-sheet foreign exposure of $10 billion or more • Banks not subject to the AIRB on a mandatory basis can choose voluntarily to apply this approach. • Other banks would continue to apply the existing Basel I capital r ...
... basis are those with total banking assets of $250 billion or more or total on-balance-sheet foreign exposure of $10 billion or more • Banks not subject to the AIRB on a mandatory basis can choose voluntarily to apply this approach. • Other banks would continue to apply the existing Basel I capital r ...
Measuring the Banking System`s Resilience
... corn by buying a futures contract that allows selling corn at a fixed price at some future point. Other examples include derivative contracts that help institutions manage credit risk, interest rate risk, foreign currency risk, and commodity price risk. Some derivatives, generally the most standardi ...
... corn by buying a futures contract that allows selling corn at a fixed price at some future point. Other examples include derivative contracts that help institutions manage credit risk, interest rate risk, foreign currency risk, and commodity price risk. Some derivatives, generally the most standardi ...
THE DETERMINANTS OF CORPORATE CAPITAL STRUCTURE
... The debates regarding determinants of corporate capital structure have been progressing for a few decades since the first capital structure theory was found by Modigliani and Miller in 1958. Their theory evolved into two main theories; static trade off theory by Krauz & Litzebnerger (1973), and peck ...
... The debates regarding determinants of corporate capital structure have been progressing for a few decades since the first capital structure theory was found by Modigliani and Miller in 1958. Their theory evolved into two main theories; static trade off theory by Krauz & Litzebnerger (1973), and peck ...
united states monetary policy in the post-bretton
... The Crash of 2008 is often blamed on the Fed’s overly ‘loose’ monetary policy after 2001 (see Taylor, 2009, 2010). In short, the argument goes, American monetary policy was too ‘loose’ for four years between 2002 and 2006; and too ‘tight’ once the Fed realised that it was presiding over an unsustain ...
... The Crash of 2008 is often blamed on the Fed’s overly ‘loose’ monetary policy after 2001 (see Taylor, 2009, 2010). In short, the argument goes, American monetary policy was too ‘loose’ for four years between 2002 and 2006; and too ‘tight’ once the Fed realised that it was presiding over an unsustain ...
Global Imbalances and Global Liquidity Pierre-Olivier Gourinchas
... securitization of U.S. residential mortgages. The amount of outstanding assetbacked commercial paper—the short-term funding instruments often used to acquire residential mortgage-backed securities, remained relatively constant around $500 billion between 2001 and 2005. It then started to increase dr ...
... securitization of U.S. residential mortgages. The amount of outstanding assetbacked commercial paper—the short-term funding instruments often used to acquire residential mortgage-backed securities, remained relatively constant around $500 billion between 2001 and 2005. It then started to increase dr ...
Ambac Presentation
... This presentation contains statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any or all of management’s forward-looking statements here or in other publications may turn out to be wron ...
... This presentation contains statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any or all of management’s forward-looking statements here or in other publications may turn out to be wron ...
SOUTHWEST BANCORP INC (Form: 10-Q, Received
... and timing of future changes in interest rates, market behavior, and other economic conditions , future laws , regulations and accounting principles; changes in effective tax rates or the expiration of favorable tax provisions; changes in regulatory standards and examination policies; and a variety ...
... and timing of future changes in interest rates, market behavior, and other economic conditions , future laws , regulations and accounting principles; changes in effective tax rates or the expiration of favorable tax provisions; changes in regulatory standards and examination policies; and a variety ...
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.