Filippo Brutti Essays on Sovereign Debt Crises and Macroeconomic Volatility
... debt possible. Yet, there is much less agreement on the nature of these costs. Past studies have typically focused on “external” cost channels as trade sanctions, borrowing restrictions or reputational issues,1 but there is no clear-cut evidence supporting the existence of these classic penalties.2 ...
... debt possible. Yet, there is much less agreement on the nature of these costs. Past studies have typically focused on “external” cost channels as trade sanctions, borrowing restrictions or reputational issues,1 but there is no clear-cut evidence supporting the existence of these classic penalties.2 ...
V. The Culture of Risk and Regulation
... crises is explained by economists in terms of many different factors, including the macroeconomic environment (low interest rates, external imbalances, etc.), deregulated markets, leverage cycles and credit expansion, asymmetric information, “animal spirits”, “irrational exuberance” and other psycho ...
... crises is explained by economists in terms of many different factors, including the macroeconomic environment (low interest rates, external imbalances, etc.), deregulated markets, leverage cycles and credit expansion, asymmetric information, “animal spirits”, “irrational exuberance” and other psycho ...
Dan diBartolomeo
... – An equal weighted portfolio of the low sustainability stocks (high risk) in Quintile 5 produced the highest monthly mean return of 1.33%. The volatility of such this portfolio was so high at over 9% per month that the annualized compound return was only 10.9%, which is inferior to the 11.50% annua ...
... – An equal weighted portfolio of the low sustainability stocks (high risk) in Quintile 5 produced the highest monthly mean return of 1.33%. The volatility of such this portfolio was so high at over 9% per month that the annualized compound return was only 10.9%, which is inferior to the 11.50% annua ...
The financial turbulences of the recent years have spurred economic
... characteristics of various assets that the institutions hold over a one-year horizon. The two standards are complemented by a set of tools for monitoring the liquidity risk exposures and for exchanges of information among supervisors. The two standards aim to make banks more resilient to liquidity s ...
... characteristics of various assets that the institutions hold over a one-year horizon. The two standards are complemented by a set of tools for monitoring the liquidity risk exposures and for exchanges of information among supervisors. The two standards aim to make banks more resilient to liquidity s ...
A behavioural finance model of exchange rate expectations within a
... lower tax revenues and hence a US government deficit, and thus an increase in the supply of US government bills. • This larger supply cannot all be absorbed by the domestic US market and must be unloaded on foreign financial markets, thus generating the depreciation of the US currency and the apprec ...
... lower tax revenues and hence a US government deficit, and thus an increase in the supply of US government bills. • This larger supply cannot all be absorbed by the domestic US market and must be unloaded on foreign financial markets, thus generating the depreciation of the US currency and the apprec ...
Exch Rate Systems
... Keep the USD loan in place, but enter into a 6-year currency swap to effectively convert GTI's payments into Euros. Hedge the dollar-Euro risk by buying dollars forward, with rolling 3-month forward contracts Hedge against a possible devaluation of the CFA franc, by selling francs in the 3-month for ...
... Keep the USD loan in place, but enter into a 6-year currency swap to effectively convert GTI's payments into Euros. Hedge the dollar-Euro risk by buying dollars forward, with rolling 3-month forward contracts Hedge against a possible devaluation of the CFA franc, by selling francs in the 3-month for ...
Residential mortgage lending for underserved communities: recent
... better than the market. If the borrower prefers to rent or buy another property instead (perhaps because market prices have not increased at the HPA’s fixed rate), they have the right to do so without penalty, provided they obey the terms of their lease, including 60 days’ notice of nonrenewal. HPA ...
... better than the market. If the borrower prefers to rent or buy another property instead (perhaps because market prices have not increased at the HPA’s fixed rate), they have the right to do so without penalty, provided they obey the terms of their lease, including 60 days’ notice of nonrenewal. HPA ...
Solutions For Financial Professionals | Russell Investments
... that central banks have run out of easing options. Negative rates also tend to squeeze the margin between banks’ borrowing and lending rates; this in turn could hurt bank profitability, and could end up making things worse. Our favored scenario in the 2016 Annual Outlook report was for mid-to-low si ...
... that central banks have run out of easing options. Negative rates also tend to squeeze the margin between banks’ borrowing and lending rates; this in turn could hurt bank profitability, and could end up making things worse. Our favored scenario in the 2016 Annual Outlook report was for mid-to-low si ...
Lagos Real Estate Investment Report Q1-2015
... wider Nigerian macro-economic environment. Our report is investment driven and focused on all parties that have an investment or development interest in the Lagos and Nigerian real estate markets. We trust it will bring clarity to your investment decision making process as you seek to create value i ...
... wider Nigerian macro-economic environment. Our report is investment driven and focused on all parties that have an investment or development interest in the Lagos and Nigerian real estate markets. We trust it will bring clarity to your investment decision making process as you seek to create value i ...
Lecture 17
... • Placing a limit order is being a sitting duck. If more in-the-know investors realize stock price is higher than in your sell order, they will buy from you at your price. In an expected value sense, your orders can be filled only in this unfortunate case. • Problem is enhanced by decimal trading. W ...
... • Placing a limit order is being a sitting duck. If more in-the-know investors realize stock price is higher than in your sell order, they will buy from you at your price. In an expected value sense, your orders can be filled only in this unfortunate case. • Problem is enhanced by decimal trading. W ...
file
... which has given more than 250 graduates in last 10 years. After 2005, the growth of real estate sector in Turkey provides new business opportunities to the educated young professionals. Alumni survey reviews the Real Estate Masters program at Istanbul Technical University and its graduates with resp ...
... which has given more than 250 graduates in last 10 years. After 2005, the growth of real estate sector in Turkey provides new business opportunities to the educated young professionals. Alumni survey reviews the Real Estate Masters program at Istanbul Technical University and its graduates with resp ...
Launch by GBL of an exchangeable bond for GDF SUEZ shares
... This announcement is not for distribution, directly or indirectly in or into the United States, Canada, Australia or Japan or any other jurisdiction in which publication or distribution would be unlawful. This announcement is not an offer to sell any of the Bonds and/or the shares to be delivered up ...
... This announcement is not for distribution, directly or indirectly in or into the United States, Canada, Australia or Japan or any other jurisdiction in which publication or distribution would be unlawful. This announcement is not an offer to sell any of the Bonds and/or the shares to be delivered up ...
Business Cycle Update Impact of Fed Tightening
... Note: This is a hypothetical illustration of a typical business cycle. There is not always a chronological progression in this order, and there have been cycles when the economy has skipped a phase or retraced an earlier one. Economically sensitive assets include stocks and high-yield corporate bond ...
... Note: This is a hypothetical illustration of a typical business cycle. There is not always a chronological progression in this order, and there have been cycles when the economy has skipped a phase or retraced an earlier one. Economically sensitive assets include stocks and high-yield corporate bond ...
2014 Accs – word version - The Scottish Council on Visual Impairment
... Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that ...
... Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that ...
Social Investor Meeting on Responsible Inclusive Finance 2017
... Kurt Morrisen noted a few issues with PRI – • Timing to collect the data - it takes 6 months to collect data. This is raw data, which means an additional 3 months for PRI to analyze the data. There is only one person in staff in charge of analyzing the data, and that person is not only dedicated ...
... Kurt Morrisen noted a few issues with PRI – • Timing to collect the data - it takes 6 months to collect data. This is raw data, which means an additional 3 months for PRI to analyze the data. There is only one person in staff in charge of analyzing the data, and that person is not only dedicated ...
PDF
... use of antibiotics which might remain in the milk and adversely affect consumers. Still others were concerned about the impacts on the cows’ health including possible reproductive problems. Despite these concerns, U.S. dairy farmers are using Bst, and none of the critics’ animal or human health conc ...
... use of antibiotics which might remain in the milk and adversely affect consumers. Still others were concerned about the impacts on the cows’ health including possible reproductive problems. Despite these concerns, U.S. dairy farmers are using Bst, and none of the critics’ animal or human health conc ...
public credit guarantees and sme finance
... • The default ratio is lower than that of Italy’s banking system (1.83% vs. 5.89%) • Small firms and micro firms generated less losses for the Fund than medium-sized firms (49% of losses in medium-sized firms) • Loan default rates appear as being an increasing function of the loan size and guarantee ...
... • The default ratio is lower than that of Italy’s banking system (1.83% vs. 5.89%) • Small firms and micro firms generated less losses for the Fund than medium-sized firms (49% of losses in medium-sized firms) • Loan default rates appear as being an increasing function of the loan size and guarantee ...
www.FirstRate.com | Evaluating Performance of Alternative
... Investments in distressed securities are made through a hedge fund or a closed end private equity fund with a fixed term. Distressed security managers invest in several types of assets including: distressed company debt and equities, bank debt and trade claims, “lender of last resort notes” and deri ...
... Investments in distressed securities are made through a hedge fund or a closed end private equity fund with a fixed term. Distressed security managers invest in several types of assets including: distressed company debt and equities, bank debt and trade claims, “lender of last resort notes” and deri ...
HFIS 34
... 3. The market convention has been to quote a nominal spread — the difference between the yield-to-maturity on a particular bond and that on a Treasury bond of comparable maturity 4. This approach can be extended to take into account the entire yield curve, through either a set of spot rates or a set ...
... 3. The market convention has been to quote a nominal spread — the difference between the yield-to-maturity on a particular bond and that on a Treasury bond of comparable maturity 4. This approach can be extended to take into account the entire yield curve, through either a set of spot rates or a set ...
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.