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passing the baton - RiverFront Investment Group
... The Real Rate of Return is the rate of return on an investment after adjusting for inflation. RiverFront’s Price Matters® discipline compares inflationadjusted current prices relative to their long-term trend to help identify extremes in valuation. Please see Disclosures for asset ...
... The Real Rate of Return is the rate of return on an investment after adjusting for inflation. RiverFront’s Price Matters® discipline compares inflationadjusted current prices relative to their long-term trend to help identify extremes in valuation. Please see Disclosures for asset ...
This PDF is a selection from a published volume from... Research Volume Title: International Dimensions of Monetary Policy
... The policy relevance of this debate is further complicated by the fact that even if future empirical studies would confirm a significant drop in the responsiveness of inflation to domestic slack in Phillips curve equations, it is not at all clear whether this should be interpreted as a flattening of ...
... The policy relevance of this debate is further complicated by the fact that even if future empirical studies would confirm a significant drop in the responsiveness of inflation to domestic slack in Phillips curve equations, it is not at all clear whether this should be interpreted as a flattening of ...
JAPANESE FINANCE: A SURVEY
... recent years? The two contributing explanations given for high equity prices apply equally here: a low interest rate [used to discount expected future rents into current land prices] and a high expected economic growth rate [raising expected future rents relative ...
... recent years? The two contributing explanations given for high equity prices apply equally here: a low interest rate [used to discount expected future rents into current land prices] and a high expected economic growth rate [raising expected future rents relative ...
Financial system and economic growth
... Besides, if power of banks is too big compared to that of business without any competition in the banking sector or other capital markets, then banks may capture rents from the industrial sector. Banks may be reluctant to encourage firms to make risky yet profitable investment because they just care ...
... Besides, if power of banks is too big compared to that of business without any competition in the banking sector or other capital markets, then banks may capture rents from the industrial sector. Banks may be reluctant to encourage firms to make risky yet profitable investment because they just care ...
IOSR Journal of Economics and Finance (IOSR-JEF)
... The interest rate policy in Nigeria is perhaps one of the most controversial of all financial policies. The reason for this may not be farfetched because interest rate policy has direct link to many other macroeconomic variables most especially investment decision. Interest rates play a crucial role ...
... The interest rate policy in Nigeria is perhaps one of the most controversial of all financial policies. The reason for this may not be farfetched because interest rate policy has direct link to many other macroeconomic variables most especially investment decision. Interest rates play a crucial role ...
Chapter 5 The Time Value of Money
... produced and sold, costs $200 per year; therefore, the fixed operating costs are $200 per year. The variable cost of producing a gasket is $0.40, and Gearing sells each gasket for $1. For now, let us hold the number of units produced and sold to 1,000 units. What does Gearing’s income statement look ...
... produced and sold, costs $200 per year; therefore, the fixed operating costs are $200 per year. The variable cost of producing a gasket is $0.40, and Gearing sells each gasket for $1. For now, let us hold the number of units produced and sold to 1,000 units. What does Gearing’s income statement look ...
Firm Innovation and Financial Analysis: How Do They Interact? Jim Goldman Joel Peress
... Entrepreneurs innovate more when financiers are better informed about their projects because they expect to receive more funding should their projects be successful. Conversely, financiers collect more information about projects when entrepreneurs innovate more because the opportunity cost of misinv ...
... Entrepreneurs innovate more when financiers are better informed about their projects because they expect to receive more funding should their projects be successful. Conversely, financiers collect more information about projects when entrepreneurs innovate more because the opportunity cost of misinv ...
NBER WORKING PAPER SERES UNDERSTAND~G FINANCIAL
... structure which is more general than that here because it looks at additional elements of financial structure that are explained by asymmetric information considerations. Note also that transactions cost also play a role in explaining why banks are such important players in the financial system. Ban ...
... structure which is more general than that here because it looks at additional elements of financial structure that are explained by asymmetric information considerations. Note also that transactions cost also play a role in explaining why banks are such important players in the financial system. Ban ...
aec4202 agricultural finance - Makerere University Courses
... taught in the upper lecture theatre under the department of Agricultural Economics and Agribusiness. 5. COURSE DESCRIPTION: Agricultural Finance addresses financing challenges and opportunities in agribusiness. The course discusses sources of finance, financing costs, analysis of investment opportun ...
... taught in the upper lecture theatre under the department of Agricultural Economics and Agribusiness. 5. COURSE DESCRIPTION: Agricultural Finance addresses financing challenges and opportunities in agribusiness. The course discusses sources of finance, financing costs, analysis of investment opportun ...
Determinants of Globalization and Growth Prospects for Sub
... globalization, have created two worlds in the developing world: the developing world of emerging market economies and the rest, with the latter overwhelmingly dominated by SubSaharan African economies. The structural patterns of most economies in Sub-Saharan Africa have remained static, and most co ...
... globalization, have created two worlds in the developing world: the developing world of emerging market economies and the rest, with the latter overwhelmingly dominated by SubSaharan African economies. The structural patterns of most economies in Sub-Saharan Africa have remained static, and most co ...
House Prices, Interest Rates and Macroeconomic Fluctuations: International Evidence
... both macroeconomic aggregates and asset returns.2 Included in our list of asset returns is the growth rate of real residential house prices. Our interest in including house prices in our study is motivated by the large role that housing plays in an individual’s wealth portfolio3 and the role they ma ...
... both macroeconomic aggregates and asset returns.2 Included in our list of asset returns is the growth rate of real residential house prices. Our interest in including house prices in our study is motivated by the large role that housing plays in an individual’s wealth portfolio3 and the role they ma ...
Appendix 3
... and borrowers are calculated by using the concept of a “reference” rate of interest. The reference rate should contain no service element and reflect the risk and maturity structure of deposits and loans. The rate prevailing for interbank borrowing and lending may be a suitable choice as a reference ...
... and borrowers are calculated by using the concept of a “reference” rate of interest. The reference rate should contain no service element and reflect the risk and maturity structure of deposits and loans. The rate prevailing for interbank borrowing and lending may be a suitable choice as a reference ...
fair value hedges
... B. They are extensively used to hedge against various risks, particularly interest rate risk. C. Hedging means taking a risk position that is opposite to an actual position that is exposed to risk. (TA-2) 1. Interest rate futures are derivative contracts often bought and sold to hedge against risk. ...
... B. They are extensively used to hedge against various risks, particularly interest rate risk. C. Hedging means taking a risk position that is opposite to an actual position that is exposed to risk. (TA-2) 1. Interest rate futures are derivative contracts often bought and sold to hedge against risk. ...
Document
... Decreases entry by large firms (firms just above the previous long-term capacity threshold T*1) Increases post-entry growth because: reduces size at entry & increases growth potentials P.Aghion, T.Fally, S.Scarpetta Conference on Access to Finance, Wordlbank, March 15-16, 2007 ...
... Decreases entry by large firms (firms just above the previous long-term capacity threshold T*1) Increases post-entry growth because: reduces size at entry & increases growth potentials P.Aghion, T.Fally, S.Scarpetta Conference on Access to Finance, Wordlbank, March 15-16, 2007 ...
Why is the discount rate so low?
... the common perception was that it was a temporary phenomenon due to a slower period in the economic cycle. The demand for capital was diminished because of the economic slowdown, but interest rates would rise as the economy picked up speed. In recent years, however, interest rates have remained low ...
... the common perception was that it was a temporary phenomenon due to a slower period in the economic cycle. The demand for capital was diminished because of the economic slowdown, but interest rates would rise as the economy picked up speed. In recent years, however, interest rates have remained low ...
NBER WORKING PAPER SERIES PUBLIC DEBT IN THE USA AND WHO PAYS?
... 1980 and 1990. This cannot be explained in terms of cyclical differences, as the US economy was only just sliding into recession in the second half of 1990. The magnitude of the 1992 US general government deficit, shown to be 4.7% of GDP in Table 4, is large both historically and by current internat ...
... 1980 and 1990. This cannot be explained in terms of cyclical differences, as the US economy was only just sliding into recession in the second half of 1990. The magnitude of the 1992 US general government deficit, shown to be 4.7% of GDP in Table 4, is large both historically and by current internat ...
View/Open
... “Given the low importance of personal income taxes and property taxes in Latin American countries, the direct distributive leverage of the tax system in most countries should be expected to be very small or even negative” (World Bank, 2004, p. 254). Income taxes and property taxes constitute more th ...
... “Given the low importance of personal income taxes and property taxes in Latin American countries, the direct distributive leverage of the tax system in most countries should be expected to be very small or even negative” (World Bank, 2004, p. 254). Income taxes and property taxes constitute more th ...
Financial Development and Capital Account Openness. What Links between Them?
... effects of capital account openness as following. Firstly, healthy and sound financial system is principal to prevent financial crises and ensure the liberalization success. Under the background of capital account openness, the aggregate and the structure of capital inflow depend on the development ...
... effects of capital account openness as following. Firstly, healthy and sound financial system is principal to prevent financial crises and ensure the liberalization success. Under the background of capital account openness, the aggregate and the structure of capital inflow depend on the development ...
global insight – 2014 outlook
... basis for the past several years is surprising because the country did dramatically better on so many of the economic fronts that have provoked much policy soul searching in the U.S.—e.g., no financial institution collapsed nor was bailed out by the government nor forced into a distressed merger; th ...
... basis for the past several years is surprising because the country did dramatically better on so many of the economic fronts that have provoked much policy soul searching in the U.S.—e.g., no financial institution collapsed nor was bailed out by the government nor forced into a distressed merger; th ...
Consumer Discretionary - Fisher College of Business
... These companies are back to their steep upward trend of revenues after the hiccup that was the recession ...
... These companies are back to their steep upward trend of revenues after the hiccup that was the recession ...
Macroprudential policy and systemic risk
... cycle by raising the cost of credit, and therefore slowing down its provision, when they conclude that the stock of credit has grown to excessive levels relative to the benchmarks of the past experience ...
... cycle by raising the cost of credit, and therefore slowing down its provision, when they conclude that the stock of credit has grown to excessive levels relative to the benchmarks of the past experience ...