Macroeconomic Theory and Policy
... • Overly optimistic forecasting also creates an unreliable basis for planning future expenditure. This is a current major weakness in South Africa’s budgeting process. ...
... • Overly optimistic forecasting also creates an unreliable basis for planning future expenditure. This is a current major weakness in South Africa’s budgeting process. ...
Daimler International Finance B.V. Interim Report 2015
... accounting is applied). The fair value of natural hedges as at 31 December 2014: € 0.1 million and € -3.7 million respectively. ...
... accounting is applied). The fair value of natural hedges as at 31 December 2014: € 0.1 million and € -3.7 million respectively. ...
NN Global Investment Grade Credit - Home
... Global Investment Grade Credit spreads tightened modestly during the month of June as the political uncertainty that led to an increase of risk aversion during the second half of May subsided. During a hearing before the Senate Intelligence Committee, former FBI director James Comey declined to say ...
... Global Investment Grade Credit spreads tightened modestly during the month of June as the political uncertainty that led to an increase of risk aversion during the second half of May subsided. During a hearing before the Senate Intelligence Committee, former FBI director James Comey declined to say ...
Finance and the Real Economy: The Global Conjuncture C.P. Chandrasekhar
... assets in the emerging markets, which were characterized by higher interest rates ostensibly because of the greater risks of investment in these areas. The greater ‘perceived risk’ associated with financial instruments originating in these countries, provided the basis for a whole range of new deriv ...
... assets in the emerging markets, which were characterized by higher interest rates ostensibly because of the greater risks of investment in these areas. The greater ‘perceived risk’ associated with financial instruments originating in these countries, provided the basis for a whole range of new deriv ...
Leverage Restrictions in a Business Cycle Model Lawrence J. Christiano Northwestern University
... • Wish to address the following sorts of questions: — What restrictions should be placed on bank borrowing? — How should those restrictions be varied over the business cycle? • Want an environment with the following properties: — model includes problem that restrictions on bank borrowing are suppose ...
... • Wish to address the following sorts of questions: — What restrictions should be placed on bank borrowing? — How should those restrictions be varied over the business cycle? • Want an environment with the following properties: — model includes problem that restrictions on bank borrowing are suppose ...
How Much Is That in Dollars?
... Reductions in the international real interest rates generate an increase in current account deficits. This is consistent with an increased demand for foreign financing and a rise in the supply of foreign capital when international real interest rates are low. ...
... Reductions in the international real interest rates generate an increase in current account deficits. This is consistent with an increased demand for foreign financing and a rise in the supply of foreign capital when international real interest rates are low. ...
Farm Business Management Part 1
... Which of the following statements regarding cash flow analysis is NOT true? a. It is important to do a cash flow analysis on a regular basis to avoid cash flow problems. b.. Cash flow analysis can help you make good management decisions. c. You will need to estimate the timing of your cash inflows a ...
... Which of the following statements regarding cash flow analysis is NOT true? a. It is important to do a cash flow analysis on a regular basis to avoid cash flow problems. b.. Cash flow analysis can help you make good management decisions. c. You will need to estimate the timing of your cash inflows a ...
Too Much, Too Many - Goelzer Investment Management
... mid-seventy percent range in both the U.S. and China. Another example of the too-much-too-many condition can be found in the retail sector where endless pressure to grow sales, combined with the ease of online shopping, has led to too many retail stores. Highlighting this problem was a recent report ...
... mid-seventy percent range in both the U.S. and China. Another example of the too-much-too-many condition can be found in the retail sector where endless pressure to grow sales, combined with the ease of online shopping, has led to too many retail stores. Highlighting this problem was a recent report ...
1 Solutions to End-of-Chapter Problems in
... estimate the value of nominal income, say, 10- years from now without knowing what will be the rate of price inflation over the next 10 years. But future values of income can be expected to move in proportion to future rates of price inflation so that the future value of real income may be estimated ...
... estimate the value of nominal income, say, 10- years from now without knowing what will be the rate of price inflation over the next 10 years. But future values of income can be expected to move in proportion to future rates of price inflation so that the future value of real income may be estimated ...
Back to the Future – A Round-Trip with Discounted Cash Flows
... When the valuation date of a business is in the past, historical cash flows may become certain, or risk free, with the passage of time. This certainty can arise when historical prices and quantities can be established reliably. Historical cash flows can then be seen as risk free cash flows. To match ...
... When the valuation date of a business is in the past, historical cash flows may become certain, or risk free, with the passage of time. This certainty can arise when historical prices and quantities can be established reliably. Historical cash flows can then be seen as risk free cash flows. To match ...
cash sweep programs
... • Accounts held in CIP and the Eagle Class of JPMorgan funds are protected by the Securities Investor Protection Corporation (SIPC). Raymond James & Associates is a member of SIPC, which protects securities customers of its members up to $500,000, including $250,000 for claims for cash. An explanat ...
... • Accounts held in CIP and the Eagle Class of JPMorgan funds are protected by the Securities Investor Protection Corporation (SIPC). Raymond James & Associates is a member of SIPC, which protects securities customers of its members up to $500,000, including $250,000 for claims for cash. An explanat ...
Investment Update February 2011
... from sources of Elstree Investment Management Limited (ABN 20 079 036 810) believed to be reliable, but no representation or warranty, express or implied, is made that such information is accurate or complete and it should not be relied upon as such. Information and opinions contained in this presen ...
... from sources of Elstree Investment Management Limited (ABN 20 079 036 810) believed to be reliable, but no representation or warranty, express or implied, is made that such information is accurate or complete and it should not be relied upon as such. Information and opinions contained in this presen ...
LCwasR47_en.pdf
... credit crunch. Volatility spiked in July and August, with problems spreading to equities and to quantitative hedge funds that thrive on volatility but come unstuck when there are sudden changes in trading patterns. These problems became clear when Goldman Sachs was forced to pay US$ 2 billion of its ...
... credit crunch. Volatility spiked in July and August, with problems spreading to equities and to quantitative hedge funds that thrive on volatility but come unstuck when there are sudden changes in trading patterns. These problems became clear when Goldman Sachs was forced to pay US$ 2 billion of its ...
Dialoguing with the IFIs at the National and International Level
... • Increased lending also took place, but in a much smaller scale, at World Bank: +23% to $72 billion in 2010 • The regional development banks have also increased lending, such as in the case of the EBRD: +17% to € 9.0 billion in 2010 • WB and regional banks have all sought capital increases or addit ...
... • Increased lending also took place, but in a much smaller scale, at World Bank: +23% to $72 billion in 2010 • The regional development banks have also increased lending, such as in the case of the EBRD: +17% to € 9.0 billion in 2010 • WB and regional banks have all sought capital increases or addit ...
Advanced Economy Monetary Policy and Emerging Market Economies Jerome H. Powell Opening RemaRks
... important factors.8 Chart 2 shows the growth rate of real GDP for EMEs and advanced economies. Given their stage of development and demographic profile, EMEs should grow faster than advanced economies on a trend basis. As shown by the line in the right panel, EME growth has, in fact, consistently ou ...
... important factors.8 Chart 2 shows the growth rate of real GDP for EMEs and advanced economies. Given their stage of development and demographic profile, EMEs should grow faster than advanced economies on a trend basis. As shown by the line in the right panel, EME growth has, in fact, consistently ou ...
PowerPoint
... To survive in the long run, a firm must be able to meet its long-term liabilities; otherwise it is in danger or collapse or takeover. • To measure this risk, long-term solvency ratios are used, the most common being the debt-to-owners’ equity ratio or leverage, which compares the amount of debt to t ...
... To survive in the long run, a firm must be able to meet its long-term liabilities; otherwise it is in danger or collapse or takeover. • To measure this risk, long-term solvency ratios are used, the most common being the debt-to-owners’ equity ratio or leverage, which compares the amount of debt to t ...
Schilling Ch 7
... • Internal Rate of Return (IRR): The discount rate that makes the net present value of investment zero. – It is an indicator of the efficiency of an investment, as opposed to NPV, which indicates value or magnitude. – The IRR is the annualized effective compounded return rate which can be earned on ...
... • Internal Rate of Return (IRR): The discount rate that makes the net present value of investment zero. – It is an indicator of the efficiency of an investment, as opposed to NPV, which indicates value or magnitude. – The IRR is the annualized effective compounded return rate which can be earned on ...
The corporate finance implications of rapidly rising interest rates.
... than 270 bps in one year following previous troughs and it has taken as little as seven months for rates to rise 200 bps. � Rising rates are not necessarily bad news. In many instances, interest rate rises corresponded with economic growth, multiple expansions in anticipation of higher corporate ear ...
... than 270 bps in one year following previous troughs and it has taken as little as seven months for rates to rise 200 bps. � Rising rates are not necessarily bad news. In many instances, interest rate rises corresponded with economic growth, multiple expansions in anticipation of higher corporate ear ...
Implementing Macroprudential Policies
... buffers rather than when to turn them on. In the past few years, new regulations have been proposed to address important structural vulnerabilities revealed by the financial crisis. These include, among others, enhanced capital and liquidity requirements for large banking firms, establishing an orde ...
... buffers rather than when to turn them on. In the past few years, new regulations have been proposed to address important structural vulnerabilities revealed by the financial crisis. These include, among others, enhanced capital and liquidity requirements for large banking firms, establishing an orde ...
A Tale of Two Eras - Silicon Valley Bank
... operations. Eventually dropping interest rates to 1 percent, the Fed narrowly avoided a textbook-defined recession — that is, two consecutive quarters of negative growth — when the fourth quarter of 2000’s measure was revised upward to +2.1 percent. This meant the only recession Greenspan oversaw oc ...
... operations. Eventually dropping interest rates to 1 percent, the Fed narrowly avoided a textbook-defined recession — that is, two consecutive quarters of negative growth — when the fourth quarter of 2000’s measure was revised upward to +2.1 percent. This meant the only recession Greenspan oversaw oc ...