• Study Resource
  • Explore Categories
    • Arts & Humanities
    • Business
    • Engineering & Technology
    • Foreign Language
    • History
    • Math
    • Science
    • Social Science

    Top subcategories

    • Advanced Math
    • Algebra
    • Basic Math
    • Calculus
    • Geometry
    • Linear Algebra
    • Pre-Algebra
    • Pre-Calculus
    • Statistics And Probability
    • Trigonometry
    • other →

    Top subcategories

    • Astronomy
    • Astrophysics
    • Biology
    • Chemistry
    • Earth Science
    • Environmental Science
    • Health Science
    • Physics
    • other →

    Top subcategories

    • Anthropology
    • Law
    • Political Science
    • Psychology
    • Sociology
    • other →

    Top subcategories

    • Accounting
    • Economics
    • Finance
    • Management
    • other →

    Top subcategories

    • Aerospace Engineering
    • Bioengineering
    • Chemical Engineering
    • Civil Engineering
    • Computer Science
    • Electrical Engineering
    • Industrial Engineering
    • Mechanical Engineering
    • Web Design
    • other →

    Top subcategories

    • Architecture
    • Communications
    • English
    • Gender Studies
    • Music
    • Performing Arts
    • Philosophy
    • Religious Studies
    • Writing
    • other →

    Top subcategories

    • Ancient History
    • European History
    • US History
    • World History
    • other →

    Top subcategories

    • Croatian
    • Czech
    • Finnish
    • Greek
    • Hindi
    • Japanese
    • Korean
    • Persian
    • Swedish
    • Turkish
    • other →
 
Profile Documents Logout
Upload
The Central Bank Cycling Race (and Long-End Yield
The Central Bank Cycling Race (and Long-End Yield

... “considerable time” language) and emphasized that any projected hiking pace could change along with changes in economic data. Relating this back to global interest rates, until investors become more optimistic about the longer-term global economic growth rates, longer-term bond yields across develop ...
(Nedlac) (2013) (part 1). - Lecture Notes
(Nedlac) (2013) (part 1). - Lecture Notes

... – Some contestation around whether we should view inflation as a threat to investment of long-run growth, or an acceptable consequence of demand management and fiscal expansion – Our primary terrain of contestation remains national / domestic, ...
1 A Slow Recovery with Low Inflation By Allan H. Meltzer* Gailliot
1 A Slow Recovery with Low Inflation By Allan H. Meltzer* Gailliot

... to locate plants. The respondents cited a complex U.S. tax code, an ineffective political system, a weak public education system, poor macroeconomic policies, convoluted regulation, deteriorating infrastructure and a lack of skilled labor as reasons for not investing in the United States. Most of th ...
FRBSF  L CONOMIC
FRBSF L CONOMIC

... of reproducing movements in the saving rate that have occurred over the past 10 years, when lending industry changes have been particularly dramatic. Conclusion In the years leading up to the financial crisis of 2008–2009, a combination of factors including low interest rates, lax lending standards, ...
Session 33- Market Timing Indicators II
Session 33- Market Timing Indicators II

... This regression suggests two things. One is that the change in interest rates in this period is negatively correlated with the level of rates at the end of the prior year; if rates were high (low), they were more likely to decrease (increase). Second, for every 1% increase in the level of current ra ...
1 Newsletter no. 42 “V”, “ W” OR SQUARE ROOT? During times of
1 Newsletter no. 42 “V”, “ W” OR SQUARE ROOT? During times of

... the U.S. buys more imported goods than they export, placing a surplus of U.S. dollars in the hands of exporting countries) is fully reinvested in U.S. Treasuries (approximately $400 billion). That would barely cover 20% of the amount. Then, as American households hoard cash and become net savers, wh ...
Slide 1
Slide 1

... This presentation has been prepared by BT Financial Group Limited (ABN 63 002 916 458) ‘BT’ and is for general information only. Every effort has been made to ensure that it is accurate, however it is not intended to be a complete description of the matters described. The presentation has been prep ...
“Asset Prices, Financial Stability and Monetary Policy” by F.Allen
“Asset Prices, Financial Stability and Monetary Policy” by F.Allen

... banking system can provoke asset bubbles and ultimately banking crises. ...
Act now or pay later - Peter Scott Consulting
Act now or pay later - Peter Scott Consulting

... Inexorable growth and expansion paid for by clients, with little need to run the tightest of ships, is not at any time (let alone in a more difficult economic climate) the ideal way to become competitive. And becoming and remaining competitive should be the number one issue for law firms today. Clie ...
Click HERE to PowerPoint Presentation
Click HERE to PowerPoint Presentation

... • Top quartile performance of prior funds • Ability to manage through ...
Synopsis - The Cordova Tutorial
Synopsis - The Cordova Tutorial

... Introduces the topic of personal finance, explores the evolution of the American credit industry, and highlights the importance of both knowledge and behavior when it comes to managing money.
 
 Chapter 2. Saving 
 Emphasizes the importance of saving and explains the three reasons to save: emergenci ...
Slide 1
Slide 1

... – Increased demand for initially sticky supply – Rising financial asset prices ...
Emerging Markets: Tragically Hip?
Emerging Markets: Tragically Hip?

uk business confidence falls to four
uk business confidence falls to four

... and a rise in less positive prospects to 13% from 4%. A bigger fall was evident in economic optimism, which tends to react more firmly to events than business activity prospects. The ...
2nd Homework - Samuel Moon Jung
2nd Homework - Samuel Moon Jung

... A) Federal Communications Commission. B) Federal Trade Commission. C) Securities and Exchange Commission. D) Federal Reserve System. 23) If uncertainty about banks' health causes depositors to begin to withdraw their funds from banks, the country experiences a(n) A) banking crisis. B) financial reco ...
2-2
2-2

... • Cash flow = one of the most important pieces of information that can be derived from financial statements • The accounting Statement of Cash Flows does not provide the same information that we are interested in here • Our focus: how cash is generated from utilizing assets and how it is paid to tho ...
Global fixed income
Global fixed income

India`s “impossible trinity” trilemma
India`s “impossible trinity” trilemma

Causes and consequences of low interest rates
Causes and consequences of low interest rates

... The goal of these measures was to mitigate the effects of the economic slump and stabilise financial markets in the face of high uncertainty (charts 8 and 9). One may wonder – and many people do – whether these policies have gone too far. While the jury is still out on unconventional measures,4 ther ...
Credit Crunch 2007-2008
Credit Crunch 2007-2008

... receive up to $200 billion in capital for $1 billion of senior preferred stock in each company and warrants allowing the Treasury to purchase 79.9 percent of the common equity of each. Also in September, Bank of America acquired Merrill Lynch after it reported large CDO losses that led to a loss of ...
UBS Investor Watch
UBS Investor Watch

Cash Is Dead! Long Live Cash! - Federal Reserve Bank of San
Cash Is Dead! Long Live Cash! - Federal Reserve Bank of San

... political or financial turmoil. For example, during the recent financial crisis, some people may have withdrawn cash from accounts at banks and other institutions because they were afraid these institutions might fail. Around the world, during periods of political unrest or war, cash—especially the ...
find out more - Roberto Giori Company
find out more - Roberto Giori Company

What effect has quantitative easing had on your share
What effect has quantitative easing had on your share

Different Year, Same Problems - BNP Paribas Investment Partners
Different Year, Same Problems - BNP Paribas Investment Partners

... January to December proved to be anything but stable. 2015 began with a rather optimistic consensus of trend growth, particularly in the US. This optimism was shattered by an unexpectedly weak first quarter which was largely blamed on unusually cold weather; an irony that is not lost on us, as the h ...
< 1 ... 190 191 192 193 194 195 196 197 198 ... 239 >

Global saving glut

Global saving glut (also global savings glut, GSG, cash hoarding, dead cash, dead money, glut of excess intended saving, shortfall of investment intentions), describes a situation in which desired saving exceeds desired investment. By 2005 Ben Bernanke, chairman of the Federal Reserve, the central bank of the United States, expressed concern about the ""significant increase in the global supply of saving"" and its implications for monetary policies, particularly in the United States. Although Bernanke's analyses focused on events in 2003 to 2007 that led to the 2007–2009 financial crisis, regarding GSG countries and the United States, excessive saving by the non-financial corporate sector (NFCS) is an ongoing phenomenon, affecting many countries. Bernanke's ""celebrated (if sometimes disputed)"" global saving glut (GSG) hypothesis argued that increased capital inflows to the United States from GSG countries were an important reason that U.S. longer-term interest rates from 2003 to 2007 were lower than expected.Alan Greenspan testifying at the Financial Crisis Inquiry Commission in 2010 explained, ""Whether it was a glut of excess intended saving, or a shortfall of investment intentions, the result was the same: a fall in global real long-term interest rates and their associated capitalization rates. Asset prices, particularly house prices, in nearly two dozen countries accordingly moved dramatically higher. U.S. house price gains were high by historical standards but no more than average compared to other countries.""An 2007 Organisation for Economic Co-operation and Development (OECD) report noted that the ""excess of gross saving over fixed investment (i.e. net lending) in the ""aggregate OECD corporate sector"" had been unusually large since 2002. In a 2006 International Monetary Fund report, it was observed that, ""since the bursting of the equity marketbubble in the early 2000s, companies in many industrial countries have moved from their traditional position of borrowing funds to finance their capital expenditures to running financial surpluses that they are now lending to other sectors of the economy."" David Wessell in a Wall Street Journal article observed that, ""[c]ompanies, which normally borrow other folks’ savings in order to invest, have turned thrifty. Even companies enjoying strong profits and cash flow are building cash hoards, reducing debt and buying back their own shares—instead of making investment bets."" Although the hypothesis of excess cash holdings or cash hoarding has been used by the Organisation for Economic Co-operation and Development (OECD), the International Monetary Fund and the media Wall Street Journal, Forbes, Canadian Broadcasting Corporation, the concept itself has been disputed and criticized as conceptually flawed in articles and reports published by the Hoover Institute, the Max-Planck Institute and the CATO Institute among others. Ben Bernanke used the phrase ""global savings glut"" in 2005 linking it to the U.S. current account deficit.In their July 2012 report Standard and Poors described the ""fragile equilibrium that currently exists in the global corporate credit landscape."" U.S. nonfinancial corporate sector NFCS firms continued to hoard a ""record amount of cash"" with large profitable investment-grade companies and technology and health care industries (with significant amounts of cash overseas), holding most of the wealth.By January 2013, NFCS firms in Europe had over 1 trillion euros of cash on their balance sheets, a record high in nominal terms.
  • studyres.com © 2025
  • DMCA
  • Privacy
  • Terms
  • Report