Economi versus Regulatory Capital
... Since the early nineties, banks and insurance companies in the Netherlands have been allowed to merge, which has resulted in a few large financial conglomerates. Similar large financial groups have also emerged in other countries, albeit in more limited numbers. Owing to their size, the larger inst ...
... Since the early nineties, banks and insurance companies in the Netherlands have been allowed to merge, which has resulted in a few large financial conglomerates. Similar large financial groups have also emerged in other countries, albeit in more limited numbers. Owing to their size, the larger inst ...
the discussion note
... of asset pricing and portfolio theory is simple. There is one source of systematic risk, the market index. Investors understand this and choose a desired portfolio consisting of a combination of an approximately risk-free interest-bearing asset and the market index. Within this analytical framework, ...
... of asset pricing and portfolio theory is simple. There is one source of systematic risk, the market index. Investors understand this and choose a desired portfolio consisting of a combination of an approximately risk-free interest-bearing asset and the market index. Within this analytical framework, ...
Credit Rating Agencies` Decisions and ISDA`s Credit Events
... (Credit Support Annex), guarantees the transfer, on either side of counterparties, of the credit guarantees (“Collaterals”), in cases where for specific banking transactions and for credit risk purposes, the parties have provided payment guarantees [1]. However, this guarantee varies depending on th ...
... (Credit Support Annex), guarantees the transfer, on either side of counterparties, of the credit guarantees (“Collaterals”), in cases where for specific banking transactions and for credit risk purposes, the parties have provided payment guarantees [1]. However, this guarantee varies depending on th ...
Navigating a World in Transition
... along its low-growth path, but there are a number of bright spots. In the U.S., despite the political uncertainty, a strengthening consumer is driving stronger growth. A large fiscal stimulus under the new administration could well provide another boost to the U.S. economy. Valuations in many areas ...
... along its low-growth path, but there are a number of bright spots. In the U.S., despite the political uncertainty, a strengthening consumer is driving stronger growth. A large fiscal stimulus under the new administration could well provide another boost to the U.S. economy. Valuations in many areas ...
The Global Financial Crisis in Colombia and the ICPD Agenda
... The severity of the crisis became clear to the eyes of the world in March 2009 when the World Bank announced that for the first time since the end of World War II the world would observe a contraction of global gross domestic product1. Latest estimates2 indicate that the contraction reached 2.2% in ...
... The severity of the crisis became clear to the eyes of the world in March 2009 when the World Bank announced that for the first time since the end of World War II the world would observe a contraction of global gross domestic product1. Latest estimates2 indicate that the contraction reached 2.2% in ...
Credit Market and Economic Development in Nigeria
... market face less severe business cycle, output contraction and lower chances of an economic downturn. This will directly or indirectly boost private investment behavior in the economy. However, in Nigeria the objective of improving the level of economic development through the credit market is yet t ...
... market face less severe business cycle, output contraction and lower chances of an economic downturn. This will directly or indirectly boost private investment behavior in the economy. However, in Nigeria the objective of improving the level of economic development through the credit market is yet t ...
DOC - Investor Overview
... accepted in the United States of America for interim financial information and with the instructions to Form 10-Q. They do not include all information and footnotes necessary for a fair presentation of financial position, and results of operations and cash flows in conformity with accounting princip ...
... accepted in the United States of America for interim financial information and with the instructions to Form 10-Q. They do not include all information and footnotes necessary for a fair presentation of financial position, and results of operations and cash flows in conformity with accounting princip ...
Practice Problems on the Capital Market
... the world real interest rate R. Assume that R is constant and equal to 3% and that depreciation is equal to 100% Note that r=R+d, with d=1, hence r=1+R. a. Compute the magnitude of real investment in Slovenia in 1991. The cost of capital in Slovenia is R+rp. The user cost of capital is d+R+rp. (Note ...
... the world real interest rate R. Assume that R is constant and equal to 3% and that depreciation is equal to 100% Note that r=R+d, with d=1, hence r=1+R. a. Compute the magnitude of real investment in Slovenia in 1991. The cost of capital in Slovenia is R+rp. The user cost of capital is d+R+rp. (Note ...
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item[`#file`]->filename - Open Michigan
... You assume all responsibility for use and potential liability associated with any use of the material. Material contains copyrighted content, used in accordance with U.S. law. Copyright holders of content included in this material should contact [email protected] with any questions, correction ...
... You assume all responsibility for use and potential liability associated with any use of the material. Material contains copyrighted content, used in accordance with U.S. law. Copyright holders of content included in this material should contact [email protected] with any questions, correction ...
Asset Classes and Financial Instruments
... We first describe money market instruments. We then move on to debt and equity securities. We explain the structure of various stock market indexes in this chapter because market benchmark portfolios play an important role in portfolio construction and evaluation. Finally, we survey the derivative s ...
... We first describe money market instruments. We then move on to debt and equity securities. We explain the structure of various stock market indexes in this chapter because market benchmark portfolios play an important role in portfolio construction and evaluation. Finally, we survey the derivative s ...
Is the U.S. Economy Headed for a Hard Landing?
... benefits than they did several decades ago. It appears to be the end of an era in which blue-collar workers in the US could be part of the middle class. Another increasingly important strategy by capitalists to reduce wage costs has been to move their production operations to low-wage areas around t ...
... benefits than they did several decades ago. It appears to be the end of an era in which blue-collar workers in the US could be part of the middle class. Another increasingly important strategy by capitalists to reduce wage costs has been to move their production operations to low-wage areas around t ...
21 - JustAnswer
... 21.Which of the following is true about lower-of-cost-or-market? a.It is inconsistent because losses are recognized but not gains. b.It usually understates assets. c.It can increase future income. d.All of these. 22.The primary basis of accounting for inventories is cost. A departure from the cost b ...
... 21.Which of the following is true about lower-of-cost-or-market? a.It is inconsistent because losses are recognized but not gains. b.It usually understates assets. c.It can increase future income. d.All of these. 22.The primary basis of accounting for inventories is cost. A departure from the cost b ...
April/May 2015 by Thomas S. Moore, CFA
... Changes in the rate of inflation affect, either directly or indirectly, everything from the level of bond yields to stock market price-to-earnings ratios, commodity prices, foreign exchange ratios and effective income tax rates. The inflationary 1970s distorted all markets, but taming runaway inflat ...
... Changes in the rate of inflation affect, either directly or indirectly, everything from the level of bond yields to stock market price-to-earnings ratios, commodity prices, foreign exchange ratios and effective income tax rates. The inflationary 1970s distorted all markets, but taming runaway inflat ...
EPIC RECESSION - Kyklos Productions
... -Theory vs. History -Financial Crises and Depressions in the 19th Century U.S. Depression of 1837-1843 Financial Crisis of 1857-1859 Depression of 1873-1878 Financial Panics of 1884 and 1890 Depression of 1893-1897 -Observations on 19th Century Depressions ...
... -Theory vs. History -Financial Crises and Depressions in the 19th Century U.S. Depression of 1837-1843 Financial Crisis of 1857-1859 Depression of 1873-1878 Financial Panics of 1884 and 1890 Depression of 1893-1897 -Observations on 19th Century Depressions ...
Investment Update - Australia Post Superannuation Scheme
... options like cash. This often drives down the value of shares and real estate, so that their fears become self-fulfilling. But difficult economic times also offer the chance to buy assets cheaply and, with patience, enjoy the gains when their value recovers. Some of the APSS’s private market fund ma ...
... options like cash. This often drives down the value of shares and real estate, so that their fears become self-fulfilling. But difficult economic times also offer the chance to buy assets cheaply and, with patience, enjoy the gains when their value recovers. Some of the APSS’s private market fund ma ...
Baseline Scenario
... Declining Economy. Continuation of present trends of globalisation, free trade, extension of resources through technological innovation. The gap in GDP and welfare between the EU and developing countries worldwide is reduced. A growing middle class emerge worldwide. European economy is more dependen ...
... Declining Economy. Continuation of present trends of globalisation, free trade, extension of resources through technological innovation. The gap in GDP and welfare between the EU and developing countries worldwide is reduced. A growing middle class emerge worldwide. European economy is more dependen ...
Asset Support Policy During Crises: How Aggressive Should it Be? (2015)
... do so in order to avoid the bankruptcy of financial intermediaries, mitigate losses of their creditors, and limit the size of the output contraction. Large equity injections into banks have similar effects since they shift nonperforming assets from private to public sector balance sheets. Recent exa ...
... do so in order to avoid the bankruptcy of financial intermediaries, mitigate losses of their creditors, and limit the size of the output contraction. Large equity injections into banks have similar effects since they shift nonperforming assets from private to public sector balance sheets. Recent exa ...
Collateral and Credit Issues in Derivatives Pricing
... One result of the 2008 credit crisis is a regulatory requirement that most standardized over-thecounter derivatives be cleared through central clearing parties (CCPs). A CCP operates similarly to an exchange clearing house and requires the two sides to a derivatives transaction to post both initial ...
... One result of the 2008 credit crisis is a regulatory requirement that most standardized over-thecounter derivatives be cleared through central clearing parties (CCPs). A CCP operates similarly to an exchange clearing house and requires the two sides to a derivatives transaction to post both initial ...
(not so) great depression of the 21st century and its impacts on brazil
... were affected less. So far, Brazil is unmistakably in the second group.4 In general, rich countries (mostly the United States and European countries) seem to have endured the most devastating effects of the crisis.5 Because the crisis had financial roots, most of the countervailing measures were fin ...
... were affected less. So far, Brazil is unmistakably in the second group.4 In general, rich countries (mostly the United States and European countries) seem to have endured the most devastating effects of the crisis.5 Because the crisis had financial roots, most of the countervailing measures were fin ...
Positive ruble interest rates to raise propensity to save in Russia
... disposable income to gradually increase from 4.3% to 5.6%. The 1990s transformation experience will affect most active population’s saving behavior until 2032. Gradual retirement of people personally affected by hyperinflation, default on government liabilities and banking crises is expected to redu ...
... disposable income to gradually increase from 4.3% to 5.6%. The 1990s transformation experience will affect most active population’s saving behavior until 2032. Gradual retirement of people personally affected by hyperinflation, default on government liabilities and banking crises is expected to redu ...
How does bank bench mark IT- IMPORTANT
... resort to funding lines from central banks. This leaves the question open if regulators will be able and willing to provide it given the cost involved in doing so. If some regulators do so while the others do not, it will create regulatory distortions in the region. 5. Concerns with central clearing ...
... resort to funding lines from central banks. This leaves the question open if regulators will be able and willing to provide it given the cost involved in doing so. If some regulators do so while the others do not, it will create regulatory distortions in the region. 5. Concerns with central clearing ...
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.