This PDF is a selection from an out-of-print volume from... Research Volume Title: Measures of Credit Risk and Experience
... profits within the firm — are not so striking as the are now idle, and they may not be absorbed imlosses, and usually are diffused throughout the mediately into other activities. The social cost of excessive credit risk takes economy rather than bearing directly on the other forms as well. Perhaps t ...
... profits within the firm — are not so striking as the are now idle, and they may not be absorbed imlosses, and usually are diffused throughout the mediately into other activities. The social cost of excessive credit risk takes economy rather than bearing directly on the other forms as well. Perhaps t ...
Household Heterogeneity and Incomplete Financial Markets: Asset Return Implications in a
... correlation with labor income of the trading volume value, making it much easier for the households to smooth consumption by trading in this asset. We also show that the usual specification of dividend payments as a residual payment leads to a counterfactual dividend behavior under both firm objecti ...
... correlation with labor income of the trading volume value, making it much easier for the households to smooth consumption by trading in this asset. We also show that the usual specification of dividend payments as a residual payment leads to a counterfactual dividend behavior under both firm objecti ...
The Inflation Puzzle - VBA beleggingsprofessionals
... An assessment of asset classes does not exhaust all possibilities to achieve more robustness to tail outcomes in inflation. A globally diversified asset mix for instance will have sizeable currency exposures and a decision to hedge or not can considerably change the sensitivity of an asset mix to in ...
... An assessment of asset classes does not exhaust all possibilities to achieve more robustness to tail outcomes in inflation. A globally diversified asset mix for instance will have sizeable currency exposures and a decision to hedge or not can considerably change the sensitivity of an asset mix to in ...
SUN HYDRAULICS CORP (Form: 10-K, Received: 02/28
... A primary focus of our strategic thinking is the identification of megatrends, such as globalization, which will impact the future capital and industrial goods markets. We believe global population growth and urbanization, driven predominantly by Asian mega-cities, will generate ongoing demand for i ...
... A primary focus of our strategic thinking is the identification of megatrends, such as globalization, which will impact the future capital and industrial goods markets. We believe global population growth and urbanization, driven predominantly by Asian mega-cities, will generate ongoing demand for i ...
GrowthProspectus - Fortress Fund Managers
... more open and market driven economies. The most significant changes have taken place in Jamaica, Guyana, Trinidad and more recently in the OECS where exchange controls have been relaxed, currencies floated, and trade liberalisation policies enacted with reduced duties, quotas and the downsizing of g ...
... more open and market driven economies. The most significant changes have taken place in Jamaica, Guyana, Trinidad and more recently in the OECS where exchange controls have been relaxed, currencies floated, and trade liberalisation policies enacted with reduced duties, quotas and the downsizing of g ...
Market conditions, default risk and credit spreads
... (2005)). It is a rare instance to combine these two data sources. Our CreditTrade dataset spans from June 1997 to March 2006, and our GFI dataset covers the period between January 2002 and November 2006.4 In this study, we use CDS prices for non-sovereign US corporate bond issuers denominated in US ...
... (2005)). It is a rare instance to combine these two data sources. Our CreditTrade dataset spans from June 1997 to March 2006, and our GFI dataset covers the period between January 2002 and November 2006.4 In this study, we use CDS prices for non-sovereign US corporate bond issuers denominated in US ...
SEASONALITY IN STOCK MARKET LIQUIDITY AND ITS
... regular basis and are closely monitored by various financial market participants. Some authors consider them to cause fluctuations in the level of market liquidity. Thus we focus on cyclical news announcements, which should affect the provision of liquidity on a regular basis. According to our resul ...
... regular basis and are closely monitored by various financial market participants. Some authors consider them to cause fluctuations in the level of market liquidity. Thus we focus on cyclical news announcements, which should affect the provision of liquidity on a regular basis. According to our resul ...
Chapter 18 Shareholders` Equity
... If the company has accumulated a sizable amount in retained earnings, it is likely that the market price of the stock has increased as well. In order to keep the price within a reasonable trading range the board of directors may want to increase the total number of shares outstanding so that the mar ...
... If the company has accumulated a sizable amount in retained earnings, it is likely that the market price of the stock has increased as well. In order to keep the price within a reasonable trading range the board of directors may want to increase the total number of shares outstanding so that the mar ...
Profit Announcement
... app was up 27 per cent. The volume of transfers via mobile now exceeds BPAY volumes through Netbank. We are also seeing customers increasingly turn to mobile for product purchases with mobile now accounting for 40 per cent of Retail Banking Services sales. In the half we made additional future-focus ...
... app was up 27 per cent. The volume of transfers via mobile now exceeds BPAY volumes through Netbank. We are also seeing customers increasingly turn to mobile for product purchases with mobile now accounting for 40 per cent of Retail Banking Services sales. In the half we made additional future-focus ...
Prospectus SEB Green Bond Fund
... the maximum potential loss over a specific time period and at a given confidence level, i.e. probability level. Usually for UCITS, the time period is 1 month/20 business days and the confidence level is 99%. ...
... the maximum potential loss over a specific time period and at a given confidence level, i.e. probability level. Usually for UCITS, the time period is 1 month/20 business days and the confidence level is 99%. ...
Opportunistic Deep-Value Investing: A Multi-Asset Class
... We broadly define potential deep-value investments as those with the following attributes: 1. The potential investment is significantly cheap with respect to long-term (five to 10 years or more) historical valuation levels when compared to itself, peer asset classes, or the broader market. 2. The po ...
... We broadly define potential deep-value investments as those with the following attributes: 1. The potential investment is significantly cheap with respect to long-term (five to 10 years or more) historical valuation levels when compared to itself, peer asset classes, or the broader market. 2. The po ...
Household Vulnerability in Austria
... Following the recent literature on indebtedness, we look first at the intensive as well as extensive margin of credit. The data show that debt participation and the level of debt in general increases with wealth and income, which points toward a relatively low risk to the financial sector. Additiona ...
... Following the recent literature on indebtedness, we look first at the intensive as well as extensive margin of credit. The data show that debt participation and the level of debt in general increases with wealth and income, which points toward a relatively low risk to the financial sector. Additiona ...
Using Interactive "Nutrition Labels" for Financial Products to Assist
... al. 2014) shows making trade-off decisions more transparent to users increases their perceived decision quality. The implication of such research is that using an information label as a standardized mechanism for comparing funds not only improves decision-making, but increases the perception of maki ...
... al. 2014) shows making trade-off decisions more transparent to users increases their perceived decision quality. The implication of such research is that using an information label as a standardized mechanism for comparing funds not only improves decision-making, but increases the perception of maki ...
FIXING A BROKEN NATIONAL FLOOD INSURANCE PROGRAM
... participating in the NFIP must require permits for all new development in the SFHA and the lowest floor of all residential development must be above the base (100year) flood elevation.11 It is estimated that 70 percent to 85 percent of communities are in compliance with NFIP regulations, but on-site ...
... participating in the NFIP must require permits for all new development in the SFHA and the lowest floor of all residential development must be above the base (100year) flood elevation.11 It is estimated that 70 percent to 85 percent of communities are in compliance with NFIP regulations, but on-site ...
On the Benefits of Capital Account Liberalization for Emerging
... micro-distortions that lower the return to capital, possibly below world interest rates. Liberalization of the capital account should then be understood as a means to eliminate or reduce these distortions, unless domestic capital flows out. It is this disciplining effect of liberalization that create ...
... micro-distortions that lower the return to capital, possibly below world interest rates. Liberalization of the capital account should then be understood as a means to eliminate or reduce these distortions, unless domestic capital flows out. It is this disciplining effect of liberalization that create ...
National wealth, natural capital and sustainable development in
... operators, under virtually an open-access regime, a practice that was halted after 1990. Namibia was unable to exert control over its 200-mile Exclusive Economic Zone (EEZ), which contained the most lucrative fisheries, because no country would recognise South Africa’s jurisdiction over the area. On ...
... operators, under virtually an open-access regime, a practice that was halted after 1990. Namibia was unable to exert control over its 200-mile Exclusive Economic Zone (EEZ), which contained the most lucrative fisheries, because no country would recognise South Africa’s jurisdiction over the area. On ...
Risk Measures and Risk Capital Allocation
... A coalitional game (N, ρ) consists of • a finite set of n players, N, • a cost function, ρ, which associates a real number, ρ(S), to any subset (coalition) S, of N . Then each player wants to minimise her cost and her strategies consist of agreeing or not to take part in coalitions. The main questio ...
... A coalitional game (N, ρ) consists of • a finite set of n players, N, • a cost function, ρ, which associates a real number, ρ(S), to any subset (coalition) S, of N . Then each player wants to minimise her cost and her strategies consist of agreeing or not to take part in coalitions. The main questio ...
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.