Macroeconomic Theory and Policy
... forces the student to think more carefully. A qualified professional can get away with using ‘short cut’ models with hidden microfoundations, but in the hands of a layman, such models can be the source of much mischief (bad policy advice). I am somewhat more sympathetic to the last argument concerni ...
... forces the student to think more carefully. A qualified professional can get away with using ‘short cut’ models with hidden microfoundations, but in the hands of a layman, such models can be the source of much mischief (bad policy advice). I am somewhat more sympathetic to the last argument concerni ...
Word - corporate
... contingencies; (iii) changes in market structure, legislative, regulatory or financial reporting rules, including the increased focus by Congress, federal and state regulators, the SROs and the media on market structure issues, and in particular, the scrutiny of high frequency trading, best executio ...
... contingencies; (iii) changes in market structure, legislative, regulatory or financial reporting rules, including the increased focus by Congress, federal and state regulators, the SROs and the media on market structure issues, and in particular, the scrutiny of high frequency trading, best executio ...
An Equity Valuation and Analysis of Havertys Furniture Companies
... working capital turnover. Havertys seems to maintain a healthy liquidity with a few problems in operating efficiency, but its moving in the right direction. There are six profitability ratios: gross profit margin, operating income margin net profit margin, asset turnover, return on equity, and retur ...
... working capital turnover. Havertys seems to maintain a healthy liquidity with a few problems in operating efficiency, but its moving in the right direction. There are six profitability ratios: gross profit margin, operating income margin net profit margin, asset turnover, return on equity, and retur ...
The Composite Index of Propensity to Risk – CIPR
... of breaking the stereotypes we used to imagine about this culture. In Europe, the case of France has a demographic explanation: given its relatively high birth rates, French households seem to have a tendency of accepting uncertainty more readily than people from other countries where the ageing pro ...
... of breaking the stereotypes we used to imagine about this culture. In Europe, the case of France has a demographic explanation: given its relatively high birth rates, French households seem to have a tendency of accepting uncertainty more readily than people from other countries where the ageing pro ...
An Analysis of the Uniform Consumer Credit Code
... State Laws (NCCUSL) is intended to remedy many of the imperfections that have been accumulating in the consumer credit market in the last sixty years. These impediments to the free flow of credit result from a variety of legal fictions that were initially developed to circumvent outmoded usury laws, ...
... State Laws (NCCUSL) is intended to remedy many of the imperfections that have been accumulating in the consumer credit market in the last sixty years. These impediments to the free flow of credit result from a variety of legal fictions that were initially developed to circumvent outmoded usury laws, ...
Systemic Risk in Hedge Funds
... 1.1 Problem Statement The last decade has seen an increase in the hedge funds industry; the total assets under the management of hedge funds are currently estimated at $1.5 trillion and the funds contribute more than half of average trading volume in equity and corporate bond markets (Adrian, 2006). ...
... 1.1 Problem Statement The last decade has seen an increase in the hedge funds industry; the total assets under the management of hedge funds are currently estimated at $1.5 trillion and the funds contribute more than half of average trading volume in equity and corporate bond markets (Adrian, 2006). ...
Circular to shareholders 2016
... position to vote on certain resolutions being put forward for your approval at the AGM. The AGM provides an opportunity for the Company’s shareholders (“Shareholders”) to communicate with the directors and I sincerely hope you will take such opportunity. Should you be unable to attend the Meeting in ...
... position to vote on certain resolutions being put forward for your approval at the AGM. The AGM provides an opportunity for the Company’s shareholders (“Shareholders”) to communicate with the directors and I sincerely hope you will take such opportunity. Should you be unable to attend the Meeting in ...
Important Information about Certificates of Deposit
... Robert W. Baird & Co. Incorporated (“Baird”) makes available a number of types of certificates of deposit (“CDs”) for purchase by clients. Each CD is a deposit obligation of a depository institution (such as a bank, savings and loan association, credit union or industrial loan company), the deposits ...
... Robert W. Baird & Co. Incorporated (“Baird”) makes available a number of types of certificates of deposit (“CDs”) for purchase by clients. Each CD is a deposit obligation of a depository institution (such as a bank, savings and loan association, credit union or industrial loan company), the deposits ...
TRADING VOLUME TREND AS THE INVESTOR`S SENTIMENT
... expectations on an asset’s value and the other makes biased valuations. In this case, it is equivalent to saying that investor sentiment reflects the valuation difference between the two groups of investors (Zweig (1973), Lee, Shleifer and Thaler (1991), Baker and Stein (2004), and Brown and Cliff ( ...
... expectations on an asset’s value and the other makes biased valuations. In this case, it is equivalent to saying that investor sentiment reflects the valuation difference between the two groups of investors (Zweig (1973), Lee, Shleifer and Thaler (1991), Baker and Stein (2004), and Brown and Cliff ( ...
LUSEM Thesis Template - Lund University Publications
... will be out of business in half a year maximum.” (General Manager of a company that works with 120 different supplier families) From close to $1.40 for €1 in May 2014, the exchange rate dropped to $/€ 1.25 until January 2015, and continued to drop to a 12 year-low of $/€ 1.05 in mid-March 2015 (Bloo ...
... will be out of business in half a year maximum.” (General Manager of a company that works with 120 different supplier families) From close to $1.40 for €1 in May 2014, the exchange rate dropped to $/€ 1.25 until January 2015, and continued to drop to a 12 year-low of $/€ 1.05 in mid-March 2015 (Bloo ...
A Responsible Market for Housing Finance
... • Middle-market borrowers or tenants whose housing needs require secondary market liquidity and long-term finance, both of which can be achieved through a limited government backstop of the mortgage finance marketplace • Higher income and wealthy borrowers and tenants, whose housing needs require ...
... • Middle-market borrowers or tenants whose housing needs require secondary market liquidity and long-term finance, both of which can be achieved through a limited government backstop of the mortgage finance marketplace • Higher income and wealthy borrowers and tenants, whose housing needs require ...
del06 zhang 2763869 en
... contrast, financial liberalization in the country with capital inflow is modeled here as a two-dimensional issue, its two components have sophisticated interactions, which complicate the evaluation of deregulation policy. Our main results are as follows. First, in the country with the low interest rat ...
... contrast, financial liberalization in the country with capital inflow is modeled here as a two-dimensional issue, its two components have sophisticated interactions, which complicate the evaluation of deregulation policy. Our main results are as follows. First, in the country with the low interest rat ...
the field of capital mobility and the gravitation of profit
... actually not part of gravitation. These industries possess a common character: They use very large amounts of capital compared to their output. For this reason we denote them as Highly capital intensive industries. Why these industries do not obtain the average profit rate on their capital? Is a bas ...
... actually not part of gravitation. These industries possess a common character: They use very large amounts of capital compared to their output. For this reason we denote them as Highly capital intensive industries. Why these industries do not obtain the average profit rate on their capital? Is a bas ...
The Myth of Home Ownership and Why Home Ownership is Not
... on mortgage loans, including home equity loans or lines of credit, up to a certain dollar amount on their first and second homes. 26 Homeowners who itemize their27deductions can also deduct state and local real property taxes from ordinary income. However, since only thirty-six percent of all taxpay ...
... on mortgage loans, including home equity loans or lines of credit, up to a certain dollar amount on their first and second homes. 26 Homeowners who itemize their27deductions can also deduct state and local real property taxes from ordinary income. However, since only thirty-six percent of all taxpay ...
Estimating Real Production and Expenditures Across Nations: A
... In section 3 we show how PPP can be computed using the Geary (1958)-Khamis (1970,1972) (GK) system, and how it is built up from separate PPP’s for final expenditures, exports and imports. It should be emphasized that by working at the level of entire economies, rather than sectors, some of the diffi ...
... In section 3 we show how PPP can be computed using the Geary (1958)-Khamis (1970,1972) (GK) system, and how it is built up from separate PPP’s for final expenditures, exports and imports. It should be emphasized that by working at the level of entire economies, rather than sectors, some of the diffi ...
Chapter 11
... Royal Petroleum Co. can buy a piece of equipment that is anticipated to provide a 9 percent return and can be financed at 6 percent with debt. Later in the year, the firm turns down an opportunity to buy a new machine that would yield a 16 percent return but would cost 18 percent to finance through ...
... Royal Petroleum Co. can buy a piece of equipment that is anticipated to provide a 9 percent return and can be financed at 6 percent with debt. Later in the year, the firm turns down an opportunity to buy a new machine that would yield a 16 percent return but would cost 18 percent to finance through ...
This PDF is a selection from an out-of-print volume from... of Economic Research
... The results differ somewhat in the case of integration of the U.S. capital market with an open international capital market. In particular, the results depend on the degree to which the United States exerts market power and on the extremely complicated details of international tax law. At one extrem ...
... The results differ somewhat in the case of integration of the U.S. capital market with an open international capital market. In particular, the results depend on the degree to which the United States exerts market power and on the extremely complicated details of international tax law. At one extrem ...
MAR 16/2007
... 5.1 General assumption of the evaluation This evaluation is not only based on the assumptions (sales forecast, wholesaler selling price, cost of production of the OEM, etc…) provided by BLFR and BLBE, but also based on the assumption that all production will be through the OEM in China and the USA. ...
... 5.1 General assumption of the evaluation This evaluation is not only based on the assumptions (sales forecast, wholesaler selling price, cost of production of the OEM, etc…) provided by BLFR and BLBE, but also based on the assumption that all production will be through the OEM in China and the USA. ...
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... the resulting loan modifications can be characterized as one-time emergency transactions. Unfortunately, it is also the case that many defaulting subprime borrowers are beyond such help, and the default rate on once-modified loans is itself quite high. (4) Limiting Borrower Costs from Subprime Mortg ...
... the resulting loan modifications can be characterized as one-time emergency transactions. Unfortunately, it is also the case that many defaulting subprime borrowers are beyond such help, and the default rate on once-modified loans is itself quite high. (4) Limiting Borrower Costs from Subprime Mortg ...
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.