PNC Capital Advisors, LLC
... Unless they have executed an investment advisory agreement with PNC Capital Advisors, shareholders in Funds advised by PNC Capital Advisors will not be advisory clients of PNC Capital Advisors (with respect to their investment in such Fund(s)), and PNC Capital Advisors will not provide investment a ...
... Unless they have executed an investment advisory agreement with PNC Capital Advisors, shareholders in Funds advised by PNC Capital Advisors will not be advisory clients of PNC Capital Advisors (with respect to their investment in such Fund(s)), and PNC Capital Advisors will not provide investment a ...
Preliminary version, August 2002. Comments are welcome
... that reserve holdings over the 1980-1996 period seem to be the predictable outcome of a few key factors, such as the size of international transactions, their volatility, the exchange-rate arrangement, and political considerations. The estimating equation also does a good job of predicting reserve h ...
... that reserve holdings over the 1980-1996 period seem to be the predictable outcome of a few key factors, such as the size of international transactions, their volatility, the exchange-rate arrangement, and political considerations. The estimating equation also does a good job of predicting reserve h ...
Università degli studi di Pavia Fa
... This appendix accompanies, but is not part of, IAS 18. The examples focus on particular aspects of a transaction and are not a comprehensive discussion of all the relevant factors that might influence the recognition of revenue. The examples generally assume that the amount of revenue can be measure ...
... This appendix accompanies, but is not part of, IAS 18. The examples focus on particular aspects of a transaction and are not a comprehensive discussion of all the relevant factors that might influence the recognition of revenue. The examples generally assume that the amount of revenue can be measure ...
Gylfason 221994 en
... relied on nature’s bounty but now enjoy the benefits of developed and diversified manufacturing and service industries. Recent empirical research suggests that an abundance of natural resources can hurt economic growth indirectly by unleashing forces that hamper the development of the national econ ...
... relied on nature’s bounty but now enjoy the benefits of developed and diversified manufacturing and service industries. Recent empirical research suggests that an abundance of natural resources can hurt economic growth indirectly by unleashing forces that hamper the development of the national econ ...
MLAR definitions - Bank of England
... associations), but it also includes lending to individuals which, although being secured on land and buildings, is not deemed to be residential (e.g. the residential element is less than 40%). A corporate body for this purpose is any entity other than an individual. It also includes any residential ...
... associations), but it also includes lending to individuals which, although being secured on land and buildings, is not deemed to be residential (e.g. the residential element is less than 40%). A corporate body for this purpose is any entity other than an individual. It also includes any residential ...
2011 Annual Report
... Tunnel (MTT), the nation’s largest transit project. In the short term, the MTT will create thousands of muchneeded jobs for people who have been struggling to pay their bills. In the long-term, the MTT will revolutionize rail travel in the region by doubling trans-Hudson rail capacity, creating a on ...
... Tunnel (MTT), the nation’s largest transit project. In the short term, the MTT will create thousands of muchneeded jobs for people who have been struggling to pay their bills. In the long-term, the MTT will revolutionize rail travel in the region by doubling trans-Hudson rail capacity, creating a on ...
Adjusting to Capital Account Liberalization
... The way the economy adjusts to capital account liberalization depends upon the relative strength of wage suppression versus interest rate suppression. If the wagesuppression e¤ect dominates the interest rate suppression, then even unproductive entrepreneurs may enjoy a higher rate of return on prod ...
... The way the economy adjusts to capital account liberalization depends upon the relative strength of wage suppression versus interest rate suppression. If the wagesuppression e¤ect dominates the interest rate suppression, then even unproductive entrepreneurs may enjoy a higher rate of return on prod ...
n ation, Stock Prices And Leverage In Emerging Markets:
... In the second panel of Table 4.1 the results from the benchmark regression are posted. Contemporaneous and lagged realized inflation is always significant, except when lagged two months. The sign is always negative: increasing inflation forecasts negative real earnings variations in the coming month ...
... In the second panel of Table 4.1 the results from the benchmark regression are posted. Contemporaneous and lagged realized inflation is always significant, except when lagged two months. The sign is always negative: increasing inflation forecasts negative real earnings variations in the coming month ...
Research into the International Capital
... Force to improve standardisation, transparency and hence comparability of capital ratios in the future. So it is quite consternating to find that APRA has itself attempted the impossible and on July 13th 2015 ...
... Force to improve standardisation, transparency and hence comparability of capital ratios in the future. So it is quite consternating to find that APRA has itself attempted the impossible and on July 13th 2015 ...
Tilburg University Model uncertainty and
... cover most of the candidate risk factors that have been previously used in the literature, but also introduce some risk factors that have received attention only in recent times, such as the volatility implied by option prices or indicators of interbank stress risk. Details on the motivation for inc ...
... cover most of the candidate risk factors that have been previously used in the literature, but also introduce some risk factors that have received attention only in recent times, such as the volatility implied by option prices or indicators of interbank stress risk. Details on the motivation for inc ...
Global Intangible Financial Tracker 2016 An annual
... of ‘fair value reporting’ believe that the requirements should go further and that all of a company’s tangible and intangible assets and liabilities should regularly be measured at fair value and reported on the balance sheet, including internally generated intangibles such as brands and patents, so ...
... of ‘fair value reporting’ believe that the requirements should go further and that all of a company’s tangible and intangible assets and liabilities should regularly be measured at fair value and reported on the balance sheet, including internally generated intangibles such as brands and patents, so ...
“The modeling of equilibrium of the reinsurance markets in Germany
... tion of peculiarities of reinsurance markets functioning in different countries with the goal of their further comparison and the formation of specific characteristics and stability intervals of the achieved equilibrium points. The goal of the paper is the formalization of demand and supply of the r ...
... tion of peculiarities of reinsurance markets functioning in different countries with the goal of their further comparison and the formation of specific characteristics and stability intervals of the achieved equilibrium points. The goal of the paper is the formalization of demand and supply of the r ...
Missing Numbers -- Behind Wave of Corporate Fraud: A Change in
... Auditors still plow through "high risk" items, such as derivative financial instruments or "related party" business dealings between a company and its executives. But ostensibly "low risk" items -- such as cash on the balance sheet or accounts that fluctuate little from year to year -- often get no ...
... Auditors still plow through "high risk" items, such as derivative financial instruments or "related party" business dealings between a company and its executives. But ostensibly "low risk" items -- such as cash on the balance sheet or accounts that fluctuate little from year to year -- often get no ...
Italy - Marcello Minenna
... No growth undermines debt sustainability Post joining the euro, Italy’s GDP stayed flat in real terms between 1999 and 2015 whilst it contracted by 7% from 2008 to 2016. The fiscal position of the country is negatively affected by its high public debt and the related cost of servicing it. It is ther ...
... No growth undermines debt sustainability Post joining the euro, Italy’s GDP stayed flat in real terms between 1999 and 2015 whilst it contracted by 7% from 2008 to 2016. The fiscal position of the country is negatively affected by its high public debt and the related cost of servicing it. It is ther ...
Form 10-Q - Wells Fargo
... (1) Tangible common equity is a non-GAAP financial measure and represents total equity less preferred equity, noncontrolling interests, and goodwill and certain identifiable intangible assets (including goodwill and intangible assets associated with certain of our nonmarketable equity investments ...
... (1) Tangible common equity is a non-GAAP financial measure and represents total equity less preferred equity, noncontrolling interests, and goodwill and certain identifiable intangible assets (including goodwill and intangible assets associated with certain of our nonmarketable equity investments ...
What does market discipline mean
... involve an offshore bank borrowing a local currency either directly or through swaps. Thereafter, the bank sells the local currency and buys dollars from the market to invest in high markets with high yields. As the local currency weakens, the offshore banks repay this borrowing using fewer dollars. ...
... involve an offshore bank borrowing a local currency either directly or through swaps. Thereafter, the bank sells the local currency and buys dollars from the market to invest in high markets with high yields. As the local currency weakens, the offshore banks repay this borrowing using fewer dollars. ...
pieta house cpsos limited trustees` report and accounts
... 2010 with excellent results achieved in highlighting the problem of suicide in society and Pieta's role in addressing it. We believe that over the years 2012, '13, and '14 we will see the attainment of the dual role of "Darkness into Light" nationally. Financial review The accounts for 2011 show an ...
... 2010 with excellent results achieved in highlighting the problem of suicide in society and Pieta's role in addressing it. We believe that over the years 2012, '13, and '14 we will see the attainment of the dual role of "Darkness into Light" nationally. Financial review The accounts for 2011 show an ...
Demography and the Long-Run Predictability of the Stock Market
... stock prices from 1966 to 1982 has spawned fewer rationales, as documented by the well-known paper by Franco Modigliani and Richard Cohn.5 They argued that real earnings and interest rates could not account for the 50 percent decline in the real Standard and Poor’s (S&P) index between 1966 and 1978, ...
... stock prices from 1966 to 1982 has spawned fewer rationales, as documented by the well-known paper by Franco Modigliani and Richard Cohn.5 They argued that real earnings and interest rates could not account for the 50 percent decline in the real Standard and Poor’s (S&P) index between 1966 and 1978, ...
Can Decentralized Markets be More Efficient?
... traders’ information sets are independent of the market structure. Then, we perform a similar analysis but allow traders to choose how much information to acquire. When delays in trade lead to the loss of trade surplus and the market structure does not change buyers’ information acquisition nor the ...
... traders’ information sets are independent of the market structure. Then, we perform a similar analysis but allow traders to choose how much information to acquire. When delays in trade lead to the loss of trade surplus and the market structure does not change buyers’ information acquisition nor the ...
GCD Discount Rate - Global Credit Data
... discount rate is appropriate.” Variations of these regulations and guidance notes are included in national guidance notes from prudential regulators. Examples are Australia (Australian Prudential Regulation Authority, 2005), Hong Kong (Hong Kong Monetary Authority, 2006), the ...
... discount rate is appropriate.” Variations of these regulations and guidance notes are included in national guidance notes from prudential regulators. Examples are Australia (Australian Prudential Regulation Authority, 2005), Hong Kong (Hong Kong Monetary Authority, 2006), the ...
1305080572_490665
... Procedures Post required audit adjustment (s) from WP 11 to the appropriate lead schedule Examine the underlying documentation referred to in the explanation of audit legends E and W Assess the relevance and reliability of the underlying documentation for WP 11 Evaluate the misstatement of gain on d ...
... Procedures Post required audit adjustment (s) from WP 11 to the appropriate lead schedule Examine the underlying documentation referred to in the explanation of audit legends E and W Assess the relevance and reliability of the underlying documentation for WP 11 Evaluate the misstatement of gain on d ...
Multiple Choice Questions
... (the replacement cost of the firm's assets less liabilities). A) Book value per share B) Liquidation value per share C) Market value per share D) Tobin's Q E) None of the above. Answer: D Difficulty: Easy Rationale: Book value per share is assets minus liabilities divided by number of shares. Liquid ...
... (the replacement cost of the firm's assets less liabilities). A) Book value per share B) Liquidation value per share C) Market value per share D) Tobin's Q E) None of the above. Answer: D Difficulty: Easy Rationale: Book value per share is assets minus liabilities divided by number of shares. Liquid ...
how individual capital requirements affect capital
... hypothesis that small firms need slack to finance their long-term strategies. Economic conditions may also affect the overall level of capital, see Borio et al. (2001). GGDP tries to capture the role of the cycle and is measured as the real annual GDP growth rate by quarter. We expect that in a down ...
... hypothesis that small firms need slack to finance their long-term strategies. Economic conditions may also affect the overall level of capital, see Borio et al. (2001). GGDP tries to capture the role of the cycle and is measured as the real annual GDP growth rate by quarter. We expect that in a down ...
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.