EDITOR`S CORNER Managing Investments for
... and should be used to gauge risk, not to suppress it. If the benchmark is a poor fit with the obligations that are served by a portfolio, then reducing tracking error is reducing an irrelevant risk—at the likely cost of lowered absolute returns. The industry’s craze to “beat the bogey,” rather than ...
... and should be used to gauge risk, not to suppress it. If the benchmark is a poor fit with the obligations that are served by a portfolio, then reducing tracking error is reducing an irrelevant risk—at the likely cost of lowered absolute returns. The industry’s craze to “beat the bogey,” rather than ...
PDF
... increase in the rate of inflation causes ROE to increase. Sales increase due to higher prices. However, assets recorded on the balance sheet are replaced gradually over time and lag in nominal amounts. The result is an increase in turnover and an increase in ROE. WAGES is a proxy for the cost of la ...
... increase in the rate of inflation causes ROE to increase. Sales increase due to higher prices. However, assets recorded on the balance sheet are replaced gradually over time and lag in nominal amounts. The result is an increase in turnover and an increase in ROE. WAGES is a proxy for the cost of la ...
Group LTD Pricing Issues
... • Renewal is a double-edged sword – One big increase - can you afford the poor persistency? – Layered increases - can you afford the good persistency? ...
... • Renewal is a double-edged sword – One big increase - can you afford the poor persistency? – Layered increases - can you afford the good persistency? ...
A Guide to Understanding Opportunities and Risks in Futures Trading
... Throughout the year, it was each buyer and seller for himself, with neither a place nor a mechanism for organized, competitive bidding. The first central markets were formed to meet that need. Eventually, contracts were entered into for forward as well as for spot (immediate) delivery. So-called for ...
... Throughout the year, it was each buyer and seller for himself, with neither a place nor a mechanism for organized, competitive bidding. The first central markets were formed to meet that need. Eventually, contracts were entered into for forward as well as for spot (immediate) delivery. So-called for ...
THE PNC ECONOMIC OUTLOOK
... Health Care – Costs and ACA: 36% said insurance premiums increased in 2015. Looking ahead to 2016, 19% expect these costs to increase, down from 36% in the fall. Asked about the Affordable Care Act, 85% say it had no effect on 2015 hiring; a similar number (83%) expect no impact this year. ...
... Health Care – Costs and ACA: 36% said insurance premiums increased in 2015. Looking ahead to 2016, 19% expect these costs to increase, down from 36% in the fall. Asked about the Affordable Care Act, 85% say it had no effect on 2015 hiring; a similar number (83%) expect no impact this year. ...
International Financial Integration and Crisis Contagion ∗ Michael B. Devereux Changhua Yu
... focus mainly on perfect risk sharing for investors. Second, the mechanism is quite different. We study a channel of fire sales, in which both asset prices and quantities of assets adjust endogenously to exogenous shocks, while they focus only on the quantity adjustment of assets. Another related pa ...
... focus mainly on perfect risk sharing for investors. Second, the mechanism is quite different. We study a channel of fire sales, in which both asset prices and quantities of assets adjust endogenously to exogenous shocks, while they focus only on the quantity adjustment of assets. Another related pa ...
The determinants of current account deficit. East european countries
... The latter had larger impact on CA performance, whereas global shocks had almost no effect in the long run. In his earlier works (1991) Razin, contemplated the CA dynamics of Israel on a basis of intertemporal model. The study suggested that the CA deficit occurred as a result of imbalances between ...
... The latter had larger impact on CA performance, whereas global shocks had almost no effect in the long run. In his earlier works (1991) Razin, contemplated the CA dynamics of Israel on a basis of intertemporal model. The study suggested that the CA deficit occurred as a result of imbalances between ...
Ind.
... cash ( which is bad) because excess cash is non earning assets. Example 2, high fixed turnover ratio may indicate either the firm uses its assets efficiently, or that it is short of cash and cannot afford to make the needed investment in fixed assets. ...
... cash ( which is bad) because excess cash is non earning assets. Example 2, high fixed turnover ratio may indicate either the firm uses its assets efficiently, or that it is short of cash and cannot afford to make the needed investment in fixed assets. ...
The Debt-Ceiling Crisis - Center for American Progress
... in the world. Thus, the borrowing rate on Treasuries is intertwined with the global economy in myriad ways. At the most basic level, this borrowing rate is used as a benchmark for interest rates on common financial products in the United States such as mortgages and auto loans. A spike in interest r ...
... in the world. Thus, the borrowing rate on Treasuries is intertwined with the global economy in myriad ways. At the most basic level, this borrowing rate is used as a benchmark for interest rates on common financial products in the United States such as mortgages and auto loans. A spike in interest r ...
RCMP
... The Chase Manhattan Bank was formed upon the 1955 purchase of Chase National Bank (established in 1877) by the Bank of the Manhattan Company (established in 1799), the company's oldest predecessor institution. Led by David Rockefeller during the 1970s and the 1980s Chase Manhattan was one of the lar ...
... The Chase Manhattan Bank was formed upon the 1955 purchase of Chase National Bank (established in 1877) by the Bank of the Manhattan Company (established in 1799), the company's oldest predecessor institution. Led by David Rockefeller during the 1970s and the 1980s Chase Manhattan was one of the lar ...
Understanding Financial Regulation And How It Works
... Financial regulation is necessary to ensure stability of the overall financial systems and prudent behaviour of financial institutions to minimise risks for consumers and financial institutions themselves. Financial regulation also aims at preventing money laundering and financing of terrorism. The ...
... Financial regulation is necessary to ensure stability of the overall financial systems and prudent behaviour of financial institutions to minimise risks for consumers and financial institutions themselves. Financial regulation also aims at preventing money laundering and financing of terrorism. The ...
The European Capital Markets Union
... process, opening up a wider range of easy-to-understand products that can be bought through an execution-only service, and ensuring that investor capital is treated fairly whilst invested in capital markets. Investment advice and guidance To ensure that individuals have access to an effective means ...
... process, opening up a wider range of easy-to-understand products that can be bought through an execution-only service, and ensuring that investor capital is treated fairly whilst invested in capital markets. Investment advice and guidance To ensure that individuals have access to an effective means ...
Year of the Monkey
... tax cuts, which will have varying degrees of market-moving implications. A few Republican candidates would like to reduce or eliminate the home mortgage interest deduction and/or the property tax deduction—not good news for the still-recovering housing industry. Others are focused on reinvigorating ...
... tax cuts, which will have varying degrees of market-moving implications. A few Republican candidates would like to reduce or eliminate the home mortgage interest deduction and/or the property tax deduction—not good news for the still-recovering housing industry. Others are focused on reinvigorating ...
Evaluating Asset Management firms by using the Divi- Ha Bui
... International Business – Financial Management for Global Business Thesis title Evaluate Asset Management firms using Dividend Discount Model - Helsinki Stock Exchange ...
... International Business – Financial Management for Global Business Thesis title Evaluate Asset Management firms using Dividend Discount Model - Helsinki Stock Exchange ...
FM11 Ch 09 Instructors Manual
... component costs of capital—-debt, preferred stock, and common equity. Each weighting factor is the proportion of that type of capital in the optimal, or target, capital structure. The after-tax cost of debt, rd(1 - T), is the relevant cost to the firm of new debt financing. Since interest is deducti ...
... component costs of capital—-debt, preferred stock, and common equity. Each weighting factor is the proportion of that type of capital in the optimal, or target, capital structure. The after-tax cost of debt, rd(1 - T), is the relevant cost to the firm of new debt financing. Since interest is deducti ...
2. How the EU was made 3. The fundamentals of financial
... Thatcher in the UK. #x2018;First-Wave Neoliberalism in the 1980s: Reaganomics and Thatcherism’ charts their resolve to stand by the principles of neoliberalism even in the face of challenges from their own supporters. The course of neoliberalism under Reagan and Thatcher and in particular the regula ...
... Thatcher in the UK. #x2018;First-Wave Neoliberalism in the 1980s: Reaganomics and Thatcherism’ charts their resolve to stand by the principles of neoliberalism even in the face of challenges from their own supporters. The course of neoliberalism under Reagan and Thatcher and in particular the regula ...
The Effect of Futures Trading on the Underlying Volatility: Evidence
... The stock index futures contracts were, perhaps the most successful financial innovation of 1980’s. The first contract was the Chicago mercantile exchange S&P 500 futures, which begin trading in the US in April 1982. The futures contracts design spread to almost every financial futures market world ...
... The stock index futures contracts were, perhaps the most successful financial innovation of 1980’s. The first contract was the Chicago mercantile exchange S&P 500 futures, which begin trading in the US in April 1982. The futures contracts design spread to almost every financial futures market world ...
The Business Impact of a Greek Euro-Zone Exit Risk Insights
... cautiously optimistic that the euro zone will overcome its current problems in the short term (or at least survive them) as the cost of a break-up of the euro zone are very high. A December 2011 study from Dutch bank ING estimates that Euroland’s GDP would contract by 12% in the first two years afte ...
... cautiously optimistic that the euro zone will overcome its current problems in the short term (or at least survive them) as the cost of a break-up of the euro zone are very high. A December 2011 study from Dutch bank ING estimates that Euroland’s GDP would contract by 12% in the first two years afte ...
Stress Testing, Recovery Plans and Early Intervention: How to deal
... “After all, if the Basel regulations are right, why bother with ...
... “After all, if the Basel regulations are right, why bother with ...
The Role of Interest Rate Swaps in Corporate
... Although the factors accounting for the remarkable growth of the swaps market are yet to be fully understood, financial economists have proposed a number of different hypotheses to explain how and why firms use interest rate swaps. The early explanation, popular among market participants, was that i ...
... Although the factors accounting for the remarkable growth of the swaps market are yet to be fully understood, financial economists have proposed a number of different hypotheses to explain how and why firms use interest rate swaps. The early explanation, popular among market participants, was that i ...
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.