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 ...
inflation report - Bank of Mauritius
... activity contracted in several major advanced countries. China’s economic growth rate slipped into single digit in the third and fourth quarters of 2008 under the impact of the global credit crisis and shrinking export markets. Annual GDP growth slowed to 9.0 per cent in the third quarter of 2008 ...
... activity contracted in several major advanced countries. China’s economic growth rate slipped into single digit in the third and fourth quarters of 2008 under the impact of the global credit crisis and shrinking export markets. Annual GDP growth slowed to 9.0 per cent in the third quarter of 2008 ...
6.5 Loan Portfolio
... and future strategies related to Banco do Brasil and its subsidiaries, associated companies and affiliates. Although these statements reflect management's current beliefs, they involve imprecisions and risks that are difficult to predict, and actual results and events may differ from those anticipat ...
... and future strategies related to Banco do Brasil and its subsidiaries, associated companies and affiliates. Although these statements reflect management's current beliefs, they involve imprecisions and risks that are difficult to predict, and actual results and events may differ from those anticipat ...
Wholesale Banking and Bank Runs in Macroeconomic Modelling of
... such as mortgaged back securities with short term money market instruments, including commercial paper and repurchase agreements. Examples of these kinds of …nancial institutions are investment banks, hedge funds and conduits. We focus attention on institutions that relied heavily on short term fun ...
... such as mortgaged back securities with short term money market instruments, including commercial paper and repurchase agreements. Examples of these kinds of …nancial institutions are investment banks, hedge funds and conduits. We focus attention on institutions that relied heavily on short term fun ...
Non-Performing Loans in CESEE
... banks’ lending) leads to higher NPLs. Although bank-level factors have a significant impact on NPLs, their overall explanatory power was found to be low. The panel VAR analysis broadly confirms the existence of strong macro-financial linkages. In particular, the impulse response functions reveal tha ...
... banks’ lending) leads to higher NPLs. Although bank-level factors have a significant impact on NPLs, their overall explanatory power was found to be low. The panel VAR analysis broadly confirms the existence of strong macro-financial linkages. In particular, the impulse response functions reveal tha ...
The Cross-Section and Time Series of Stock and Bond Returns
... Value investors buy stocks that have low prices relative to measures of fundamentals such as dividends or book assets, and sell stocks that have high prices relative to fundamentals. These strategies earn high returns that appear anomalous relative to standard models such as the CAPM (e.g., Basu, 1 ...
... Value investors buy stocks that have low prices relative to measures of fundamentals such as dividends or book assets, and sell stocks that have high prices relative to fundamentals. These strategies earn high returns that appear anomalous relative to standard models such as the CAPM (e.g., Basu, 1 ...
Cheap Credit, Collateral and the Boom-Bust Cycle
... on changes in the actual time series of household mortgage liabilities from 2007 to 2011 and compare the implied dynamics of housing prices and non-housing consumption with the model without a reversal in initial relaxation of borrowing constraints. First, estimated parameters show a steady decline ...
... on changes in the actual time series of household mortgage liabilities from 2007 to 2011 and compare the implied dynamics of housing prices and non-housing consumption with the model without a reversal in initial relaxation of borrowing constraints. First, estimated parameters show a steady decline ...
stock prices and macroeconomic variables in vietnam: an empirical
... (3) Could the stock market movements be used as a leading indicator in helping formulating current economic stabilization policies in Vietnam? (4) Does the financial crisis make the inefficiency of the Vietnamese stock market worse? Some hypotheses that can be stated regarding the literature review ...
... (3) Could the stock market movements be used as a leading indicator in helping formulating current economic stabilization policies in Vietnam? (4) Does the financial crisis make the inefficiency of the Vietnamese stock market worse? Some hypotheses that can be stated regarding the literature review ...
Equity Management
... Many cooperatives require a membership fee to be paid by patrons. Another way this may be achieved is by requiring the purchase of one share of common stock in the cooperative; therefore a voting right is gained. Usually, this amount is a relatively small sum, making direct investment capital a smal ...
... Many cooperatives require a membership fee to be paid by patrons. Another way this may be achieved is by requiring the purchase of one share of common stock in the cooperative; therefore a voting right is gained. Usually, this amount is a relatively small sum, making direct investment capital a smal ...
ABN AMRO Holding N.V.
... complete set of all potential risks or uncertainties. ABN AMRO has economic, financial market, credit, legal and other specialists who monitor economic and market conditions and government policies and actions. However, because it is difficult to predict with complete accuracy any changes in economi ...
... complete set of all potential risks or uncertainties. ABN AMRO has economic, financial market, credit, legal and other specialists who monitor economic and market conditions and government policies and actions. However, because it is difficult to predict with complete accuracy any changes in economi ...
Full Year Results 2015
... Final dividend 99 cents per share fully franked, as flagged in 1H15 Sale of 80% of life insurance business and partnership with Nippon Life Intention to demerge and IPO CYBG3 in February 2016 Balance sheet remains strong, CET1 ratio of 10.2% and asset quality improved ...
... Final dividend 99 cents per share fully franked, as flagged in 1H15 Sale of 80% of life insurance business and partnership with Nippon Life Intention to demerge and IPO CYBG3 in February 2016 Balance sheet remains strong, CET1 ratio of 10.2% and asset quality improved ...
Enhanced-Supervision-for-U.S.-Operations-of-Foreign
... Application of the Proposal to U.S. Operations • The Proposal’s focus on IHCs sometimes seems to obscure the fact that it will also apply to U.S. branches and agencies and to nonbank operations whether or not included in an IHC. • Some of the Proposal’s requirements are directed specifically to IHC ...
... Application of the Proposal to U.S. Operations • The Proposal’s focus on IHCs sometimes seems to obscure the fact that it will also apply to U.S. branches and agencies and to nonbank operations whether or not included in an IHC. • Some of the Proposal’s requirements are directed specifically to IHC ...
New risks. New insights.
... Holdings-based analysis, a pillar of BlackRock’s risk-first approach, helps us better understand the real-time risk profile of the portfolio — based on current holdings instead of past returns. This technique is designed to complement other returns-based methodologies and help advisors in two keys w ...
... Holdings-based analysis, a pillar of BlackRock’s risk-first approach, helps us better understand the real-time risk profile of the portfolio — based on current holdings instead of past returns. This technique is designed to complement other returns-based methodologies and help advisors in two keys w ...
NI/Sales ROA
... Book Value of Equity per Share = $2,591/33 = $78.52 Market-to-Book = $88/$78.52 = 1.12 Sometimes called Price-to-Book Some contexts use Book-to-Market (BM), the inverse ...
... Book Value of Equity per Share = $2,591/33 = $78.52 Market-to-Book = $88/$78.52 = 1.12 Sometimes called Price-to-Book Some contexts use Book-to-Market (BM), the inverse ...
Macroeconomics Chamberlin and Yueh
... that could have otherwise been achieved by investing in bonds. It is for this reason that the interest rate is referred to as the price of money. • We start with a simple type of bond known as a Treasury Bill (often referred to as a T-bill). The Treasury bill is a means by which the government can b ...
... that could have otherwise been achieved by investing in bonds. It is for this reason that the interest rate is referred to as the price of money. • We start with a simple type of bond known as a Treasury Bill (often referred to as a T-bill). The Treasury bill is a means by which the government can b ...
ALLOCATING FOR IMPACT - Global social impact investment
... analysis and pro-actively screen for ESG opportunities, favouring approaches which they believe will outperform the market because they operate (or have the potential to operate) in a more sustainable way than their peers over time – be it through their environmental management, stakeholder engageme ...
... analysis and pro-actively screen for ESG opportunities, favouring approaches which they believe will outperform the market because they operate (or have the potential to operate) in a more sustainable way than their peers over time – be it through their environmental management, stakeholder engageme ...
Solutions to Questions and Problems
... If it has too much cash it can simply pay a dividend, or, more likely in the current financial environment, buy back stock. It can also reduce debt. If it has insufficient cash, then it must either borrow, sell stock, or improve profitability. ...
... If it has too much cash it can simply pay a dividend, or, more likely in the current financial environment, buy back stock. It can also reduce debt. If it has insufficient cash, then it must either borrow, sell stock, or improve profitability. ...
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.