Chapter 3 - California State University
... The average yield on the U.S. 10-year constant maturity is 4.53 percent with a standard deviation of 0.9 percent while the average yield on EMBI is 9.83 with a standard deviation of 2.81--more than double the yield and three times the standard deviation of the U.S. 10-year Treasury. The Asian crisis ...
... The average yield on the U.S. 10-year constant maturity is 4.53 percent with a standard deviation of 0.9 percent while the average yield on EMBI is 9.83 with a standard deviation of 2.81--more than double the yield and three times the standard deviation of the U.S. 10-year Treasury. The Asian crisis ...
2016 Annual Report - Modern Times Group
... operations even faster. So 2016 was a year in which we took a number of very important steps to shape our business for the future. We have rolled out new channels and services including the Viafree streaming service; further expanded our Viaplay streaming service; commissioned a pipeline of our own ...
... operations even faster. So 2016 was a year in which we took a number of very important steps to shape our business for the future. We have rolled out new channels and services including the Viafree streaming service; further expanded our Viaplay streaming service; commissioned a pipeline of our own ...
Essays in Monetary Policy and Banking Babak Mahmoudi
... This dissertation investigates the impact of central banks’ asset purchase programs on the economy and the role of frictions in the corporate loan markets. It builds a series of models with trading and information frictions in goods market and credit market. Chapter 1 introduces the main idea in thi ...
... This dissertation investigates the impact of central banks’ asset purchase programs on the economy and the role of frictions in the corporate loan markets. It builds a series of models with trading and information frictions in goods market and credit market. Chapter 1 introduces the main idea in thi ...
The Education of Ben Bernanke
... Federal Open Market Committee — “and strong staff support, and I think we have a good hold and understanding of the situation.” Behind the modesty and blandness of such remarks, Bernanke is uncommonly thoughtful and also resilient. He was late to recognize the severity of the subprime mortgage crisi ...
... Federal Open Market Committee — “and strong staff support, and I think we have a good hold and understanding of the situation.” Behind the modesty and blandness of such remarks, Bernanke is uncommonly thoughtful and also resilient. He was late to recognize the severity of the subprime mortgage crisi ...
On the trade impact of nominal exchange rate volatility
... the estimates. For example, two countries willing to increase their bilateral trade through lower exchange rate volatility might undertake additional steps to foster integration (such as lowering regulatory barriers, harmonizing standards of production, and so on). To the extent that these steps can ...
... the estimates. For example, two countries willing to increase their bilateral trade through lower exchange rate volatility might undertake additional steps to foster integration (such as lowering regulatory barriers, harmonizing standards of production, and so on). To the extent that these steps can ...
Internationalization of the Renminbi
... pressures. For example, Arthur Kroeber (2013) argues that the PBoC advocated RMB internationalization as a tool to promote domestic financial liberalization. A positive argument often used by officials in the PBoC is that China’s entry into the World Trade Organization in late 2001 had succeeded to ...
... pressures. For example, Arthur Kroeber (2013) argues that the PBoC advocated RMB internationalization as a tool to promote domestic financial liberalization. A positive argument often used by officials in the PBoC is that China’s entry into the World Trade Organization in late 2001 had succeeded to ...
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... Technology transfer is widely used to fulfill offset obligations and often accompanies coproduction and subcontract activities. It, however, is also used in areas unrelated to defense procurements. From the contractors’ perspective, technology transfers are often a relatively inexpensive way to earn ...
... Technology transfer is widely used to fulfill offset obligations and often accompanies coproduction and subcontract activities. It, however, is also used in areas unrelated to defense procurements. From the contractors’ perspective, technology transfers are often a relatively inexpensive way to earn ...
BDC`s 2016 Annual Report
... performance of the labour market, combined with historically low lending rates, led Canadian households to increase their spending by 1.9%. Residential construction investment, which benefitted from low mortgage rates, grew by 3.9%. In short, the Canadian economy was hit hard by falling crude oil pr ...
... performance of the labour market, combined with historically low lending rates, led Canadian households to increase their spending by 1.9%. Residential construction investment, which benefitted from low mortgage rates, grew by 3.9%. In short, the Canadian economy was hit hard by falling crude oil pr ...
A Modern, Behavior-Aware Approach to Asset Allocation and
... after the fog of uncertainty has lifted, however, misses the point. Diversification is valuable precisely because investors don’t know what the future holds. We can be vaguely right instead of precisely wrong. Nevertheless, we believe there are pragmatic improvements that can be made to address som ...
... after the fog of uncertainty has lifted, however, misses the point. Diversification is valuable precisely because investors don’t know what the future holds. We can be vaguely right instead of precisely wrong. Nevertheless, we believe there are pragmatic improvements that can be made to address som ...
- Free Documents
... whereas realized return is the actual return that occurred over some past period. In general, the term risk as used in investments refers to adverse circumstances affecting the investors position. Risk can be defined in several different ways. Risk is defined here as the chance that the actual retur ...
... whereas realized return is the actual return that occurred over some past period. In general, the term risk as used in investments refers to adverse circumstances affecting the investors position. Risk can be defined in several different ways. Risk is defined here as the chance that the actual retur ...
click - singapore economic review conference 2017
... I have great pleasure in welcoming you to the 2007 Singapore Economic Review Conference (SERC). The Singapore Economic Review (SER) is one of the leading economics journals in this part of the world, having begun as the Malayan Economic Review in 1956 with the editorial office in the Department of E ...
... I have great pleasure in welcoming you to the 2007 Singapore Economic Review Conference (SERC). The Singapore Economic Review (SER) is one of the leading economics journals in this part of the world, having begun as the Malayan Economic Review in 1956 with the editorial office in the Department of E ...
ANZ Australian dollar `fair value` model
... on the cash rate, lagged and contemporaneous bond yield spread variables. After initial coefficient instability (due to the lack of observations since the ‘break-point’ in June 1999) it is important to note that the coefficient estimators become relatively stable throughout 2004-05 to mid-2006. Howe ...
... on the cash rate, lagged and contemporaneous bond yield spread variables. After initial coefficient instability (due to the lack of observations since the ‘break-point’ in June 1999) it is important to note that the coefficient estimators become relatively stable throughout 2004-05 to mid-2006. Howe ...
Credit Rating and Short-Term Debt Financing: Empirical
... That is, low-risk borrowing firms select bank revolving line at low interest rates while high-risk firms select vendor financing at high interest rates, resulting in a separating equilibrium in corporate debt market. Love et al. (2005) and Blasio (2005) argue that trade credits are useful short-ter ...
... That is, low-risk borrowing firms select bank revolving line at low interest rates while high-risk firms select vendor financing at high interest rates, resulting in a separating equilibrium in corporate debt market. Love et al. (2005) and Blasio (2005) argue that trade credits are useful short-ter ...
explanatory foreword to the accounts
... The Income and Expenditure Account (pages 19 to 20) brings together all of the functions of the Council and summarises all of the resources that have been generated, consumed or set aside in providing services during the year. The Statement of Movement on the General Fund Balance (page 21) takes the ...
... The Income and Expenditure Account (pages 19 to 20) brings together all of the functions of the Council and summarises all of the resources that have been generated, consumed or set aside in providing services during the year. The Statement of Movement on the General Fund Balance (page 21) takes the ...
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... by a representative consumer, a firm, and a government. Agents in the small open economy have access to world international financial markets. In using these markets, agents generate movements in the current account. In their international financial transactions, however, agents face a country-speci ...
... by a representative consumer, a firm, and a government. Agents in the small open economy have access to world international financial markets. In using these markets, agents generate movements in the current account. In their international financial transactions, however, agents face a country-speci ...
bankinter, sa - Irish Stock Exchange
... changing conditions, the resulting effects on the value of the Notes and the impact this investment will have on the potential investor’s overall investment portfolio. See further “Risk Factors – Risks relating to the Notes – The Notes are complex instruments that may not be suitable for certain inv ...
... changing conditions, the resulting effects on the value of the Notes and the impact this investment will have on the potential investor’s overall investment portfolio. See further “Risk Factors – Risks relating to the Notes – The Notes are complex instruments that may not be suitable for certain inv ...
MOLSON COORS BREWING CO (Form: 8-K
... U.K. underlying pretax income increased by 6.1 percent to $34.7 million in the quarter, driven by a temporary reduction in marketing spending, a decrease in defined-benefit pension expense and favorable foreign currency movements, partially offset by lower volumes as a result of cycling the FIFA Wor ...
... U.K. underlying pretax income increased by 6.1 percent to $34.7 million in the quarter, driven by a temporary reduction in marketing spending, a decrease in defined-benefit pension expense and favorable foreign currency movements, partially offset by lower volumes as a result of cycling the FIFA Wor ...
What do we know about high-frequency trading?
... times per day for their own account, with a typical holding period measured in seconds or minutes. This paper reviews a substantial body of recent theoretical and empirical research on HFT so that researchers, practitioners, policymakers, and other interested parties can become familiar with the cur ...
... times per day for their own account, with a typical holding period measured in seconds or minutes. This paper reviews a substantial body of recent theoretical and empirical research on HFT so that researchers, practitioners, policymakers, and other interested parties can become familiar with the cur ...
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.