
Figure 3.4. Probability Distributions of One-Year-Ahead GDP
... Note: The figure displays conditional probability distributions of one-year-ahead real GDP growth for a panel of 43 countries based on quantile regressions. In particular, it includes unconditional historical distributions and two conditional distributions (of growth) based on two forecasting models ...
... Note: The figure displays conditional probability distributions of one-year-ahead real GDP growth for a panel of 43 countries based on quantile regressions. In particular, it includes unconditional historical distributions and two conditional distributions (of growth) based on two forecasting models ...
The case of Lithuania
... foundation for the recovery • Lithuania is a 87(3)(a) region, therefore relies mostly on the EU structural assistance to help tackle the crisis; • So far: “traditional” State aid measures are used, not the ones foreseen in the Temporary Framework; • Some measures already in force before the crisis, ...
... foundation for the recovery • Lithuania is a 87(3)(a) region, therefore relies mostly on the EU structural assistance to help tackle the crisis; • So far: “traditional” State aid measures are used, not the ones foreseen in the Temporary Framework; • Some measures already in force before the crisis, ...
Slides 2
... • The ratio of non-performing assets to total assets in the banking system exceeded 10 percent; • The cost of the rescue operation was at least 2 percent of GDP; • The episode involved a large scale nationalization of banks • Extensive bank runs took place or emergency measures such as deposit freez ...
... • The ratio of non-performing assets to total assets in the banking system exceeded 10 percent; • The cost of the rescue operation was at least 2 percent of GDP; • The episode involved a large scale nationalization of banks • Extensive bank runs took place or emergency measures such as deposit freez ...
FDICconnect - Community Bankers Association of Illinois
... Email addresses and phone numbers Geographic preference of future acquisitions • Interest in purchasing deposit franchise • Interest in purchasing asset portfolios ...
... Email addresses and phone numbers Geographic preference of future acquisitions • Interest in purchasing deposit franchise • Interest in purchasing asset portfolios ...
MCF Outline 6
... Factors that Affect Currency Call Option Premiums: 1. Level of existing spot price relative to strike price Higher spot rate relative to strike price, the higher the option price 2. Length of time before the expiration date The longer the time to expiration, the higher the chance the spot rate > str ...
... Factors that Affect Currency Call Option Premiums: 1. Level of existing spot price relative to strike price Higher spot rate relative to strike price, the higher the option price 2. Length of time before the expiration date The longer the time to expiration, the higher the chance the spot rate > str ...
Accessing the Asia real-estate story
... new major infrastructure that enhances transport links. We think there may be some overheating in tier-1 cities but for the longer term, we are still bullish on them. Sullivan: We do get concerned by some of the commercial developments where there is a strata sales as part of the project. These norm ...
... new major infrastructure that enhances transport links. We think there may be some overheating in tier-1 cities but for the longer term, we are still bullish on them. Sullivan: We do get concerned by some of the commercial developments where there is a strata sales as part of the project. These norm ...
Declan Costello (EC, DG ECFIN)
... • Deviation from equilibrium (competitiveness, credit growth, housing prices) ...
... • Deviation from equilibrium (competitiveness, credit growth, housing prices) ...
Electronic Payment Systems
... Passed in 1978 to provide a basic framework for consumer protection in EFT systems To whom does it apply? To any “financial institution” – this is (under Regulation E) any “bank, savings association, credit union, or any other person that directly or indirectly holds an account belonging to a consum ...
... Passed in 1978 to provide a basic framework for consumer protection in EFT systems To whom does it apply? To any “financial institution” – this is (under Regulation E) any “bank, savings association, credit union, or any other person that directly or indirectly holds an account belonging to a consum ...
Krutzinna Presentation - Carnegie Endowment for International Peace
... 178 state enterprises in 2011, another 64 are planned to be sold in 2012, 2013 (most of the enterprises are small and medium, loss-making or noneffective state companies with liquidity problems). As for 19th October 2011, 29 enterprises were sold (primarily to local competitors) and the proceeds fro ...
... 178 state enterprises in 2011, another 64 are planned to be sold in 2012, 2013 (most of the enterprises are small and medium, loss-making or noneffective state companies with liquidity problems). As for 19th October 2011, 29 enterprises were sold (primarily to local competitors) and the proceeds fro ...
Chapter 11 - Aufinance
... a. A bond that has a $1,000 par value (face value) and a contract or coupon interest rate of 10.8 percent. Interest payments are $54.00 and are paid semiannually. The bonds have a current market value of $1,130 and will mature in 10 years. The firm's marginal tax rate is 34 percent. b. A new common ...
... a. A bond that has a $1,000 par value (face value) and a contract or coupon interest rate of 10.8 percent. Interest payments are $54.00 and are paid semiannually. The bonds have a current market value of $1,130 and will mature in 10 years. The firm's marginal tax rate is 34 percent. b. A new common ...
international experience in using the methodology for determining
... The main criterion for assessing the systemic importance is its size, e.g. the volume of its balance sheet. Traditional regulatory framework for determining systemically important financial institutions has its historical beginning with the US banking system and the need to rank institutions within ...
... The main criterion for assessing the systemic importance is its size, e.g. the volume of its balance sheet. Traditional regulatory framework for determining systemically important financial institutions has its historical beginning with the US banking system and the need to rank institutions within ...
Governance, regulation and financial market
... But the problems of Britain’s post-war economy were, in fact, deeply structural, stemming from a continuous decline in export competitiveness of Britain’s staple industries—coal, cotton goods and steel—as other countries had industrialised. These trends dated back to the late nineteenth century and ...
... But the problems of Britain’s post-war economy were, in fact, deeply structural, stemming from a continuous decline in export competitiveness of Britain’s staple industries—coal, cotton goods and steel—as other countries had industrialised. These trends dated back to the late nineteenth century and ...
Imperfect Capital Markets, Income Distribution and the
... by examining the effects of changes in the return of the risk-free asset on the total volume of credit and its allocation between bank and market finance. Proposition 4 suggests that the equilibrium outcome depends on both the stance of monetary policy (i.e. the level of Z) and the initial distributi ...
... by examining the effects of changes in the return of the risk-free asset on the total volume of credit and its allocation between bank and market finance. Proposition 4 suggests that the equilibrium outcome depends on both the stance of monetary policy (i.e. the level of Z) and the initial distributi ...
The holy trinity of excess
... Money supply has been strong around the world, with debt:GDP at higher ratios now than those that existed immediately pre GFC. In Australia, CBA had total assets in 2008 of $488bn, and will report a number for the 2014 year in several weeks which will be almost double that level on a share count up ...
... Money supply has been strong around the world, with debt:GDP at higher ratios now than those that existed immediately pre GFC. In Australia, CBA had total assets in 2008 of $488bn, and will report a number for the 2014 year in several weeks which will be almost double that level on a share count up ...
Quick Market Update. Six Possible Surprises for 2014
... U.S. companies with significant international operations have huge excess cash balances in over-seas accounts. Estimates indicate the balances could be as much as $2 trillion, and 50 percent of the reserves reside in two sectors—health care and technology. These foreign cash holdings are growing at ...
... U.S. companies with significant international operations have huge excess cash balances in over-seas accounts. Estimates indicate the balances could be as much as $2 trillion, and 50 percent of the reserves reside in two sectors—health care and technology. These foreign cash holdings are growing at ...
Report
... the situation persists: however, the nominal value is unchanged and interest rates remain positive. Consumers assume prices will continue to decline so they find it preferable to hold on to their cash and buy goods and services at a later time. Businesses hold off on investments and instead mitigate ...
... the situation persists: however, the nominal value is unchanged and interest rates remain positive. Consumers assume prices will continue to decline so they find it preferable to hold on to their cash and buy goods and services at a later time. Businesses hold off on investments and instead mitigate ...
Aspen Institute Italia
... in the form of gold, was the binding criterion for fostering a country to adjust its external imbalances. The system broke up because the US did not have enough gold to finance its imbalances, and did not want to live within those constraints, as it had to finance the Vietnam war. The move to a flex ...
... in the form of gold, was the binding criterion for fostering a country to adjust its external imbalances. The system broke up because the US did not have enough gold to finance its imbalances, and did not want to live within those constraints, as it had to finance the Vietnam war. The move to a flex ...
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... After you have had time to review the material in this module about valuing currency and currency fixing, share your thoughts about our trade partner, China. Are some economists overstating the damage that currency fixing is doing to our economy? Is it a political issue or a real economic one? Be su ...
... After you have had time to review the material in this module about valuing currency and currency fixing, share your thoughts about our trade partner, China. Are some economists overstating the damage that currency fixing is doing to our economy? Is it a political issue or a real economic one? Be su ...
docx Role of Accounting in the Financial Crisis
... reported asset values in schemes aimed at depleting their capital at the expense of the investors in the market. Subsequently, asset devaluation may force such financial institutions to offer such assets for sale with the aim of closing down their non-performing business. Such events could spread in ...
... reported asset values in schemes aimed at depleting their capital at the expense of the investors in the market. Subsequently, asset devaluation may force such financial institutions to offer such assets for sale with the aim of closing down their non-performing business. Such events could spread in ...
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.