1. ROOTS OF STOCK MARKET VOLATILITY AND CRISES: A
... and 1998 (UNCTAD, 1999). In addition, there are thirty-five emerging states, which removed the ceiling of ownership for listed stocks fully by the end of 1998, and seventeen states removed it partially (IFC, 1999). Liberalization of the related regulations moved stock markets towards integration and ...
... and 1998 (UNCTAD, 1999). In addition, there are thirty-five emerging states, which removed the ceiling of ownership for listed stocks fully by the end of 1998, and seventeen states removed it partially (IFC, 1999). Liberalization of the related regulations moved stock markets towards integration and ...
Word - corporate
... Company Act of 1940, as amended (the “1940 Act”). Furthermore, as the Company is an investment company, it continues to apply the guidance in FASB Accounting Standards Codification (“ASC”) Topic 946. In addition, for tax purposes we have elected to be treated as a regulated investment company (“RIC” ...
... Company Act of 1940, as amended (the “1940 Act”). Furthermore, as the Company is an investment company, it continues to apply the guidance in FASB Accounting Standards Codification (“ASC”) Topic 946. In addition, for tax purposes we have elected to be treated as a regulated investment company (“RIC” ...
A New Structure for US Federal Debt
... financial features and uses, deriving ultimately from the fact that U.S. debt is uniquely liquid and much less likely to default than any private debt. Providing the right structure and quantity of Trea ...
... financial features and uses, deriving ultimately from the fact that U.S. debt is uniquely liquid and much less likely to default than any private debt. Providing the right structure and quantity of Trea ...
Analyzing Yield, Duration and Convexity of Mortgage Loans under
... Ambrose and Sanders, 2003). Some researchers investigate mortgage risk premiums using the intensity-form approach. They insert the termination probability into the model and derive the equilibrium mortgage rate by calculating the risky mortgage yield. Comparing the mortgage rate of the risk-free mor ...
... Ambrose and Sanders, 2003). Some researchers investigate mortgage risk premiums using the intensity-form approach. They insert the termination probability into the model and derive the equilibrium mortgage rate by calculating the risky mortgage yield. Comparing the mortgage rate of the risk-free mor ...
Transactions Costs and Capital Structure Choice: Evidence from
... large enough to plausibly explain leverage choices by most firms (Myers (1984), Shyam-Sunder and Myers (1995)). Transactions costs are potentially very important to financially distressed firms. The debt adjustments contemplated by these firms are quite large, and financial distress may have pushed ...
... large enough to plausibly explain leverage choices by most firms (Myers (1984), Shyam-Sunder and Myers (1995)). Transactions costs are potentially very important to financially distressed firms. The debt adjustments contemplated by these firms are quite large, and financial distress may have pushed ...
Sherritt international Corporation
... for another year, our other operations achieved safe and stable production. Despite the cost pressures, margins in the domestic thermal coal business expanded slightly year-over-year. The Moa Joint Venture continues to be a low-cost, reliable producer of nickel and cobalt, and our Oil and Power busi ...
... for another year, our other operations achieved safe and stable production. Despite the cost pressures, margins in the domestic thermal coal business expanded slightly year-over-year. The Moa Joint Venture continues to be a low-cost, reliable producer of nickel and cobalt, and our Oil and Power busi ...
inland western - AnnualReports.com
... changing trends within the retail and the real estate industries. We believe our asset management strategy allows us to alter the mix of tenants at any given property to capitalize on changing consumer demands, or make a determination that an asset no longer represents long-term value to the overall ...
... changing trends within the retail and the real estate industries. We believe our asset management strategy allows us to alter the mix of tenants at any given property to capitalize on changing consumer demands, or make a determination that an asset no longer represents long-term value to the overall ...
Word - corporate
... or $15.32 basic and diluted net loss per share. Comparatively, for the three months ended June 30, 2015, the Company recorded a net loss attributable to Genco Shipping & Trading Limited of $40.3 million, or $6.67 basic and diluted net loss per share. Basic and diluted net loss per share for both per ...
... or $15.32 basic and diluted net loss per share. Comparatively, for the three months ended June 30, 2015, the Company recorded a net loss attributable to Genco Shipping & Trading Limited of $40.3 million, or $6.67 basic and diluted net loss per share. Basic and diluted net loss per share for both per ...
Day Trading the Currency Market
... major milestones that helped to shape the market into what it has become today? There are countless events that are still talked about and brought up despite the many years that have passed since they occurred. This chapter covers Bretton Woods, the end of the Bretton Woods, the Plaza Accord, George ...
... major milestones that helped to shape the market into what it has become today? There are countless events that are still talked about and brought up despite the many years that have passed since they occurred. This chapter covers Bretton Woods, the end of the Bretton Woods, the Plaza Accord, George ...
A Study on a Currency peg in the GCC Region with a Special Focus
... one currency and the value can be determined of one currency with respect to another currency. This is helpful especially when there are two different countries which are entering into a trading contract. The currency in which exchange would be made can be decided by the countries beforehand. This ...
... one currency and the value can be determined of one currency with respect to another currency. This is helpful especially when there are two different countries which are entering into a trading contract. The currency in which exchange would be made can be decided by the countries beforehand. This ...
Admission Document
... to the Company in connection with the Placing and Admission. Its responsibilities as the Company’s nominated adviser under the AIM Rules for Companies are owed solely to the London Stock Exchange and are not owed to the Company or to any Director or Proposed Director or to any other person in respec ...
... to the Company in connection with the Placing and Admission. Its responsibilities as the Company’s nominated adviser under the AIM Rules for Companies are owed solely to the London Stock Exchange and are not owed to the Company or to any Director or Proposed Director or to any other person in respec ...
Securities Processing: The Effects of a T+3 System on Security Prices
... prices, or it could be due to the wrong interest rate proxy. Then again, sellers may be demanding this premium because of potential processing errors that are costly to fix and that delay payment by more than six business days. In addition, his study explores whether payment delays explain the day ...
... prices, or it could be due to the wrong interest rate proxy. Then again, sellers may be demanding this premium because of potential processing errors that are costly to fix and that delay payment by more than six business days. In addition, his study explores whether payment delays explain the day ...
Download (PDF)
... obligations depends on a number of country-specific, partly unobserved factors, such as the ability to raise taxes. The same level of debt may thus have very different implications for debt sustainability in different countries (Bi, 2012). Sovereign yield spreads, instead, provide a more comprehensi ...
... obligations depends on a number of country-specific, partly unobserved factors, such as the ability to raise taxes. The same level of debt may thus have very different implications for debt sustainability in different countries (Bi, 2012). Sovereign yield spreads, instead, provide a more comprehensi ...
Multipolarity: The New Global Economy
... M&A deals in emerging economies and advanced economies. . . . . . . . . . . . . . . . . . . . . . 79 Top destination countries for emerging-market firms’ cross-border M&A deals in emerging economies and advanced economies. . . . . . . . . . . . . . . . . . . . . . 80 South-South cross-border greenf ...
... M&A deals in emerging economies and advanced economies. . . . . . . . . . . . . . . . . . . . . . 79 Top destination countries for emerging-market firms’ cross-border M&A deals in emerging economies and advanced economies. . . . . . . . . . . . . . . . . . . . . . 80 South-South cross-border greenf ...
Central Bank Digital Currencies: assessing
... Despite the technical feasibility to digitize cash while preserving all of its aforementioned attributes, CBs are also looking into CBDC schemes that retain only some of the four key properties of physical cash. Among all the possible combinations, Chart 1.2 shows the four basic CBDC schemes that we ...
... Despite the technical feasibility to digitize cash while preserving all of its aforementioned attributes, CBs are also looking into CBDC schemes that retain only some of the four key properties of physical cash. Among all the possible combinations, Chart 1.2 shows the four basic CBDC schemes that we ...
Foreign investor protections in the Trans-Pacific
... been ordered to pay have ranged from tens of thousands to billions of dollars per case. • The foreign investor directly controls or influences half of the makeup of the arbitration tribunal’s membership. Normally, judges would be appointed by a public body and as a part of a publicly accountable pro ...
... been ordered to pay have ranged from tens of thousands to billions of dollars per case. • The foreign investor directly controls or influences half of the makeup of the arbitration tribunal’s membership. Normally, judges would be appointed by a public body and as a part of a publicly accountable pro ...
lincreasedl Correlation in Bear Markets
... correlation structure in muUivarkie retutn iistrihutions. Based on data for jntaTtational equih/ markets, we.found evidence ofsignificant increased correlation in intemationai etiuity returns in bear markets. This finding proves the importance of promding s tail-adjusted mean-variance covariance mat ...
... correlation structure in muUivarkie retutn iistrihutions. Based on data for jntaTtational equih/ markets, we.found evidence ofsignificant increased correlation in intemationai etiuity returns in bear markets. This finding proves the importance of promding s tail-adjusted mean-variance covariance mat ...
Liquidity stress testing
... Consistency with solvency scenario • Often contain relevant parameters (e.g. bond prices) ...
... Consistency with solvency scenario • Often contain relevant parameters (e.g. bond prices) ...
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.