Credit Crisis and the Role of Banks During Transition: a Five
... monetary and financial time-series published by the Central Banks have been used as the main data sources. It makes the interpretation of mostly micro-level evolutions difficult, but it also allows for sounder comparisons than those which may be derived from the many sample surveys developed in rece ...
... monetary and financial time-series published by the Central Banks have been used as the main data sources. It makes the interpretation of mostly micro-level evolutions difficult, but it also allows for sounder comparisons than those which may be derived from the many sample surveys developed in rece ...
Strategy update
... Market challenger with excellent reputation in foreign funds and as product innovator (hedge funds, capital-guaranteed funds, etc.) ...
... Market challenger with excellent reputation in foreign funds and as product innovator (hedge funds, capital-guaranteed funds, etc.) ...
Week 6 Slides
... except that you only hedge again bad or adverse outcomes Partially offset price or interest rate risk with contract which moves in opposite direction Identify options with price or interest rate which moves as close as possible with the price or interest rate exposure but again imperfect correla ...
... except that you only hedge again bad or adverse outcomes Partially offset price or interest rate risk with contract which moves in opposite direction Identify options with price or interest rate which moves as close as possible with the price or interest rate exposure but again imperfect correla ...
The Risk and Term Structure of Interest Rates
... People have specific preferences for maturities, so that bonds of different maturities are not substitutes at all – returns on one bond do not influence returns on another. Preferences may be affected by the desired holding period (to minimize interest-rate risk, people will match holding period to ...
... People have specific preferences for maturities, so that bonds of different maturities are not substitutes at all – returns on one bond do not influence returns on another. Preferences may be affected by the desired holding period (to minimize interest-rate risk, people will match holding period to ...
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... rates of some of the other crisis countries from 2010 onwards (Figure 2). We see that the Greek rates con tinue to increase to ‘unreasonable’ levels in 2011 and 2012. As for the interest rates of Spain, Portugal and Italy, there may initially have been fears of manipula tions of the national accou ...
... rates of some of the other crisis countries from 2010 onwards (Figure 2). We see that the Greek rates con tinue to increase to ‘unreasonable’ levels in 2011 and 2012. As for the interest rates of Spain, Portugal and Italy, there may initially have been fears of manipula tions of the national accou ...
Financial Crises, Bank Risk Exposure and Government Financial
... explicit consideration of uncertainty. Because bank liability structure will depend on perceptions of risk, however, accounting for uncertainty is critical. Here we borrow insights from these literatures by considering second order approximations to pin down determinate bank liability shares. Sectio ...
... explicit consideration of uncertainty. Because bank liability structure will depend on perceptions of risk, however, accounting for uncertainty is critical. Here we borrow insights from these literatures by considering second order approximations to pin down determinate bank liability shares. Sectio ...
View Slide Show for Lesson 5-2
... Costs $1.67 a gallon, so it has gone up $.54. But is gasoline more expensive today than in 1984 in real terms, that is in terms of affordability. To answer this questions, lets compare gasoline costs to minimum wage. In 1984 minimum wages was $3.35 an hour. In 2001 its $5.71 and hour. This means in ...
... Costs $1.67 a gallon, so it has gone up $.54. But is gasoline more expensive today than in 1984 in real terms, that is in terms of affordability. To answer this questions, lets compare gasoline costs to minimum wage. In 1984 minimum wages was $3.35 an hour. In 2001 its $5.71 and hour. This means in ...
Lessons to be drawn from the world financial crisis. Marx, Keynes, or
... have their point of departure in the real sector of the economy. Minsky, on the other hand, stresses processes in the world of finance and the consequences of speculation and uncertainties for the real economy. His theory of cycles takes the liabilities side of the corporate balance sheet as its sta ...
... have their point of departure in the real sector of the economy. Minsky, on the other hand, stresses processes in the world of finance and the consequences of speculation and uncertainties for the real economy. His theory of cycles takes the liabilities side of the corporate balance sheet as its sta ...
FS - Midas Gold Corp.
... assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the consolidated financial statements in ...
... assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the consolidated financial statements in ...
09112005 OCBC Group Reports 11% Increase in Net Profit
... Singapore, 9 November 2005 – Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) today reported a net profit attributable to shareholders (“net profit”) of S$355 million for the third quarter of 2005 (“3Q05”), an increase of 11% compared to the S$319 million profit recorded in third quarter 20 ...
... Singapore, 9 November 2005 – Oversea-Chinese Banking Corporation Limited (“OCBC Bank”) today reported a net profit attributable to shareholders (“net profit”) of S$355 million for the third quarter of 2005 (“3Q05”), an increase of 11% compared to the S$319 million profit recorded in third quarter 20 ...
Fourth Quarter Results, 2008
... Our total operating expenses increased during 2008 by 11.1% when compared to the prior year. Personnel salaries and expenses increased by Ch$5.6 billion pesos, or 10.7% year-on-year. Administrative and other expenses increased by Ch$ 6.2 billion or 14.0% year-on-year. These increases are mainly due ...
... Our total operating expenses increased during 2008 by 11.1% when compared to the prior year. Personnel salaries and expenses increased by Ch$5.6 billion pesos, or 10.7% year-on-year. Administrative and other expenses increased by Ch$ 6.2 billion or 14.0% year-on-year. These increases are mainly due ...
Patterns of Household Financial Asset Ownership
... focus of this paper, their effects are discussed briefly in the following. It seemed that income and education often had positive effects, and household size had negative effects (with some exceptions) on financial asset ownership. Households having credit cards and/or owning homes were more likely ...
... focus of this paper, their effects are discussed briefly in the following. It seemed that income and education often had positive effects, and household size had negative effects (with some exceptions) on financial asset ownership. Households having credit cards and/or owning homes were more likely ...
The provision of services relating to binary options
... Generally, the Act does not prevent investment firms from offering binary options to (retail) clients. However, in the case of complex instruments, including binary options, an investment service provider is obliged to assess the appropriateness or suitability of the investment for the specific non- ...
... Generally, the Act does not prevent investment firms from offering binary options to (retail) clients. However, in the case of complex instruments, including binary options, an investment service provider is obliged to assess the appropriateness or suitability of the investment for the specific non- ...
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.