1 Competition and Concentration in the New European Banking
... and concentration) seem to contrast each other, if we accept the theoretical proposition according to which a more concentrated market implies a lower degree of competition due to undesirable exercise of market power by banks. Other theories (e.g. contestability theory) maintain that, under particul ...
... and concentration) seem to contrast each other, if we accept the theoretical proposition according to which a more concentrated market implies a lower degree of competition due to undesirable exercise of market power by banks. Other theories (e.g. contestability theory) maintain that, under particul ...
MCCM 3Q2016_Market Outlook.pub
... easy to read words off a teleprompter, but much harder to live up to those words and actually become an inclusive leader. Obviously, if he were to move to center (which he will need to do to be truly successful) he will lose the support of the most extreme fringes of the populace (but he already won ...
... easy to read words off a teleprompter, but much harder to live up to those words and actually become an inclusive leader. Obviously, if he were to move to center (which he will need to do to be truly successful) he will lose the support of the most extreme fringes of the populace (but he already won ...
Bishwanath Goldar and Arup Mitra
... and business services, and (4) public administration and other community, social and personal services. It may be mentioned in this context that Virmani (2004) has presented estimates of TFP growth in three sub-sectors of services for the period 1960-61 to 200304. He has considered separately ‘trans ...
... and business services, and (4) public administration and other community, social and personal services. It may be mentioned in this context that Virmani (2004) has presented estimates of TFP growth in three sub-sectors of services for the period 1960-61 to 200304. He has considered separately ‘trans ...
Dreyfus Investment Portfolios, MidCap Stock Portfolio
... Stock Portfolio, covering the 12-month period from January 1, 2016 through December 31, 2016. For information about how the fund performed during the reporting period, as well as general market perspectives, we provide a Discussion of Fund Performance on the pages that follow. Stocks and bonds advan ...
... Stock Portfolio, covering the 12-month period from January 1, 2016 through December 31, 2016. For information about how the fund performed during the reporting period, as well as general market perspectives, we provide a Discussion of Fund Performance on the pages that follow. Stocks and bonds advan ...
State of the Markets
... countries; and ethnic, religious and racial disaffections or conflict. Certain of such countries may have in the past failed to recognise private property rights and have at times nationalised or expropriated the assets of private companies. As a result, the risks from investing in those countries, ...
... countries; and ethnic, religious and racial disaffections or conflict. Certain of such countries may have in the past failed to recognise private property rights and have at times nationalised or expropriated the assets of private companies. As a result, the risks from investing in those countries, ...
A prudent margin setting methodology that controls the frequency of margin changes
... known to be very prudent in risk management and is backed up by a substantial amount of reserve funds. Being a centralized counter-party, a clearinghouse normally bears no market risk since at all times, the market values of the long and the short positions cancel each other. However, a clearinghous ...
... known to be very prudent in risk management and is backed up by a substantial amount of reserve funds. Being a centralized counter-party, a clearinghouse normally bears no market risk since at all times, the market values of the long and the short positions cancel each other. However, a clearinghous ...
Forward Looking Statements Non-GAAP
... that is widely used to evaluate performance within the insurance sector. In calculating operating income, we have excluded the after-tax effects of net realized investment gains or losses and guaranty fund assessments or recoupments that do not reflect normal operating results. We believe operating ...
... that is widely used to evaluate performance within the insurance sector. In calculating operating income, we have excluded the after-tax effects of net realized investment gains or losses and guaranty fund assessments or recoupments that do not reflect normal operating results. We believe operating ...
Foreign Institutional Investors and Corporate Governance in
... to the post-2015 sustainable development agenda. Within this operational framework, the WBG has remained engaged on legal and regulatory corporate governance (CG) reforms as an important pillar for financial stability and sustainable financial growth. The post-crisis financial landscape has left a l ...
... to the post-2015 sustainable development agenda. Within this operational framework, the WBG has remained engaged on legal and regulatory corporate governance (CG) reforms as an important pillar for financial stability and sustainable financial growth. The post-crisis financial landscape has left a l ...
Inventories and Cost of Sales - McGraw Hill Higher Education
... Related to comparability is consistency which refers to the use of the same methods for the same items, either from period to period within a reporting entity or in a single period across entities. When a change from one method to another will improve its financial reporting, the entity can do so, b ...
... Related to comparability is consistency which refers to the use of the same methods for the same items, either from period to period within a reporting entity or in a single period across entities. When a change from one method to another will improve its financial reporting, the entity can do so, b ...
140225_Presentation_Intro_Update
... *The ZCB is discounted at the respective interest swap rate for the term, plus the bank’s funding level, to return 100p at maturity ...
... *The ZCB is discounted at the respective interest swap rate for the term, plus the bank’s funding level, to return 100p at maturity ...
Understanding Counterparty Risk on Total Return
... collateral for the TRS in a custodial account. The counterparty of the swap is, therefore, obligated to increase the swap exposure to the underlying index by $100 to match the unitholder’s investment. On day 1 of this investment, the counterparty risk is zero. Day 1: $100 investment - $100 in the sw ...
... collateral for the TRS in a custodial account. The counterparty of the swap is, therefore, obligated to increase the swap exposure to the underlying index by $100 to match the unitholder’s investment. On day 1 of this investment, the counterparty risk is zero. Day 1: $100 investment - $100 in the sw ...
Comparative advantage, demand for external finance, and financial
... Q.-T. Do, A.A. Levchenko / Journal of Financial Economics 86 (2007) 796–834 ...
... Q.-T. Do, A.A. Levchenko / Journal of Financial Economics 86 (2007) 796–834 ...
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... Singapore on the other hand has a very small, inactive and less developed share market because it lacks any incentive to issue large amounts of public debt; the consistent budget surplus means that companies in Singapore are able to borrow money from the banks at reasonable rates of interest. Howeve ...
... Singapore on the other hand has a very small, inactive and less developed share market because it lacks any incentive to issue large amounts of public debt; the consistent budget surplus means that companies in Singapore are able to borrow money from the banks at reasonable rates of interest. Howeve ...
CHAPTER 03 AA Analyzing Business Transactions Using T
... The right side of the revenue account shows increases and the left side shows decreases. Decreases in revenue accounts are rare but might occur because of corrections or transfers. ...
... The right side of the revenue account shows increases and the left side shows decreases. Decreases in revenue accounts are rare but might occur because of corrections or transfers. ...
Mackenzie Maximum Diversification Developed Europe Index ETF
... TOBAM is a registered trademark and service mark of TOBAM S.A.S. or its affiliates (“TOBAM”) and is used under license for certain purposes by Mackenzie Financial Corporation. Reproduction of the TOBAM data and information in any form is prohibited except with the prior written permission of TOBAM S ...
... TOBAM is a registered trademark and service mark of TOBAM S.A.S. or its affiliates (“TOBAM”) and is used under license for certain purposes by Mackenzie Financial Corporation. Reproduction of the TOBAM data and information in any form is prohibited except with the prior written permission of TOBAM S ...
Employment, poverty and economic development in Madagascar
... on lessons learnt from past and ongoing projects already implemented by the International Labour Organisation (ILO) as well as on activities led by the government of Madagascar further to the 2004 Ouagadougou Summit of African Heads of State and Government on Employment and Poverty Reduction. The pr ...
... on lessons learnt from past and ongoing projects already implemented by the International Labour Organisation (ILO) as well as on activities led by the government of Madagascar further to the 2004 Ouagadougou Summit of African Heads of State and Government on Employment and Poverty Reduction. The pr ...
Does direct foreign investment affect domestic firms
... The theoretical framework is very similar to Bond and Meghir (1994), except that we explicitly introduce a borrowing constraint in the framework, along the same lines as Whited (1992) and Love (2000). One potential criticism of Bond and Meghir (1994) is that they interpret rejection of their model a ...
... The theoretical framework is very similar to Bond and Meghir (1994), except that we explicitly introduce a borrowing constraint in the framework, along the same lines as Whited (1992) and Love (2000). One potential criticism of Bond and Meghir (1994) is that they interpret rejection of their model a ...
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.