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 ...
Economic and market snapshot for April 2017
... FTSE/JSE Listed Property Index. SA cash rose by 0.7% for the same period. The rand traded among the better-performing EM currencies in May 2017 and only underperformed against a handful of countries in the Eastern European bloc. The rand ended the month 2.2% firmer against the US dollar, but 0.9% we ...
... FTSE/JSE Listed Property Index. SA cash rose by 0.7% for the same period. The rand traded among the better-performing EM currencies in May 2017 and only underperformed against a handful of countries in the Eastern European bloc. The rand ended the month 2.2% firmer against the US dollar, but 0.9% we ...
Cash Conversion Cycle: Example
... Working Capital: Example What will be the change in net working capital if current assets increase by $170,000 and current liabilities decrease by ...
... Working Capital: Example What will be the change in net working capital if current assets increase by $170,000 and current liabilities decrease by ...
Issues in the Financing of Small and Medium Enterprises in China
... In most developing countries, small and medium enterprises (SMEs) get highest priority of the government policy supports, including the measures to improve the access to formal credit. In China, however, it has been only recent years that the government started to introduce measures to promote the g ...
... In most developing countries, small and medium enterprises (SMEs) get highest priority of the government policy supports, including the measures to improve the access to formal credit. In China, however, it has been only recent years that the government started to introduce measures to promote the g ...
Value drivers
... following two manners: Reduction in the cost of acquisition of the underlying securities. It helps generating money for institutions and their investors, while holding the underlying. ...
... following two manners: Reduction in the cost of acquisition of the underlying securities. It helps generating money for institutions and their investors, while holding the underlying. ...
Chap 4 problem solutions
... sold for the first time. Secondary markets are where securities are resold after initial issue in the primary market. The New York Stock Exchange is a secondary market. c. In private markets, transactions are worked out directly between two parties and structured in any manner that appeals to them. ...
... sold for the first time. Secondary markets are where securities are resold after initial issue in the primary market. The New York Stock Exchange is a secondary market. c. In private markets, transactions are worked out directly between two parties and structured in any manner that appeals to them. ...
MCEV – Market Consistent Embedded Value Report 2015
... insurance business that reflect the latest available data and by an excellent new business value for the reinsurance business. The improved economic environment at year end 2015 also contributed to a positive result particularly for the domestic primary business. The updated policyholder behaviour a ...
... insurance business that reflect the latest available data and by an excellent new business value for the reinsurance business. The improved economic environment at year end 2015 also contributed to a positive result particularly for the domestic primary business. The updated policyholder behaviour a ...
Extending Factor Models of Equity Risk to Credit Risk and Default Correlation
... Illustrate how equity factor risk models and structural models of credit risk can be linked to provide consistent measures of equity risk, default risk and default correlation Introduce a quantitative measure of the “sustainability” of firms Describe results in an empirical analysis of all US listed ...
... Illustrate how equity factor risk models and structural models of credit risk can be linked to provide consistent measures of equity risk, default risk and default correlation Introduce a quantitative measure of the “sustainability” of firms Describe results in an empirical analysis of all US listed ...
CDS Spread Determinants
... The theoretical variables, such as leverage; historical volatility, and risk-free rate show similar results as the whole sample. However, the results for financial industry show different pattern, compared to non-financial industry, which may be due to unique characteristics of financial firms. In g ...
... The theoretical variables, such as leverage; historical volatility, and risk-free rate show similar results as the whole sample. However, the results for financial industry show different pattern, compared to non-financial industry, which may be due to unique characteristics of financial firms. In g ...
Thoughts on the macroeconomic situation: the role of La Caixa presentation
... supply of credit with the subsequent impact on economic recovery According to internal calculations, with the initial proposals Spanish institutions would need to restrict credit by around 14% added to other actions to capture capital 1. This reduction might have an impact on GDP levels of 5% in the ...
... supply of credit with the subsequent impact on economic recovery According to internal calculations, with the initial proposals Spanish institutions would need to restrict credit by around 14% added to other actions to capture capital 1. This reduction might have an impact on GDP levels of 5% in the ...
Center for Economic Policy Analysis A Minskian Analysis of
... gradually change their portfolios in such a way that the time series of future cash flows generated by assets become increasingly destined to fulfill the time series of debt service payments generated by liabilities. (A tranquil period is a period in which the economy expands with only minor recess ...
... gradually change their portfolios in such a way that the time series of future cash flows generated by assets become increasingly destined to fulfill the time series of debt service payments generated by liabilities. (A tranquil period is a period in which the economy expands with only minor recess ...
Changing Causes of the US Trade Deficit
... Since a large portion of the net capital inflow to the United States has changed from private to official sources over the past few years, does the effect on the U.S. economy change? After all, capital inflows are now based less on private investors’ seeking profitable investments in the United Stat ...
... Since a large portion of the net capital inflow to the United States has changed from private to official sources over the past few years, does the effect on the U.S. economy change? After all, capital inflows are now based less on private investors’ seeking profitable investments in the United Stat ...
A Time-Series Analysis of US Savings and Loan Performance: Major Trends and Policy Issues After the Housing Crisis:
... to engagement in large-scale speculation, especially in real estate (Balderston, 1985). However, a more unstable period ensued with the closing of the Resolution Trust Corporation (RTC) in mid-1995—a government agency responsible for resolving 747 thrifts with total assets of $394 billion. From Janu ...
... to engagement in large-scale speculation, especially in real estate (Balderston, 1985). However, a more unstable period ensued with the closing of the Resolution Trust Corporation (RTC) in mid-1995—a government agency responsible for resolving 747 thrifts with total assets of $394 billion. From Janu ...
Securities Markets
... 4.15 While impact cost is the best measure of liquidity, since liquidity is about being able to transact at minimal cost, stock market turnover is important to market intermediaries who have revenue streams in proportion to turnover. In addition, turnover is also useful as a proxy for liquidity, in ...
... 4.15 While impact cost is the best measure of liquidity, since liquidity is about being able to transact at minimal cost, stock market turnover is important to market intermediaries who have revenue streams in proportion to turnover. In addition, turnover is also useful as a proxy for liquidity, in ...
12 December 2017 Investor Term Sheet
... or summary of the securities, markets or developments referred to in the materials. It should not be regarded by recipients as a substitute for the exercise of their own judgement. UBS is not providing any financial, legal, tax or other advice to any recipient. Any opinions expressed in this materia ...
... or summary of the securities, markets or developments referred to in the materials. It should not be regarded by recipients as a substitute for the exercise of their own judgement. UBS is not providing any financial, legal, tax or other advice to any recipient. Any opinions expressed in this materia ...
The War for Leadership Talent: Creating a Superior Employee
... for mobile communications in 1979, was far ahead of any competitors in terms of its product range. It enjoyed “home court advantage” in the largest market (US). Although Nokia was an up and coming player in the mobile phone market, at that time its market share was less than 3% and its roots were in ...
... for mobile communications in 1979, was far ahead of any competitors in terms of its product range. It enjoyed “home court advantage” in the largest market (US). Although Nokia was an up and coming player in the mobile phone market, at that time its market share was less than 3% and its roots were in ...
global property crash stress test scenario
... catastrophes. A large economic or financial catastrophe seldom affects just one part of the system. The historical record shows that multiple market catastrophes tend to occur at the same time and impacts cascade from one crisis to the next. The recent Great Financial Crisis (GFC) is one example of ...
... catastrophes. A large economic or financial catastrophe seldom affects just one part of the system. The historical record shows that multiple market catastrophes tend to occur at the same time and impacts cascade from one crisis to the next. The recent Great Financial Crisis (GFC) is one example of ...
Discrete Math Review, Chapter 8
... 11. You plan to purchase a sailboat in four years at a cost of $12,500. How much should you invest now, at 7.3% simple interest, to have enough to purchase the boat in four years? $9,674.92 12. Find the effective interest rate on a loan at 7.25% interest compounded… a. semi-annually 7.38% b. quarter ...
... 11. You plan to purchase a sailboat in four years at a cost of $12,500. How much should you invest now, at 7.3% simple interest, to have enough to purchase the boat in four years? $9,674.92 12. Find the effective interest rate on a loan at 7.25% interest compounded… a. semi-annually 7.38% b. quarter ...
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.