• 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 Fed`s 405% problem
The Fed`s 405% problem

Bulletin COR 14-045: Cash Reserve Requirements
Bulletin COR 14-045: Cash Reserve Requirements

Justification for the decision on the buffer rate
Justification for the decision on the buffer rate

... based on the additional credit-to-GDP gap has been selected as the CCB guide. Overall, the decline in credit-to-GDP ratio, which had been observed since the end of 2010, has stopped in 2016. However, the credit-to-GDO gap remains deeply negative. Since the beginning of 2016, explicit positive develo ...
Finding Value in Global Bond Markets
Finding Value in Global Bond Markets

... and other high quality, high yield sovereigns offer value far in excess of German Bunds and Japanese Government Bonds where nominal yields are lower. In this current environment of low nominal growth and low inflation, US Treasurys are likely to act as a deflation hedge, as well as help offset volat ...
Investment Outlook
Investment Outlook

... on the taxi squad for Notre Dame, in the movies. Coach even told the other team to sort of give me a wide berth to the hoop to keep the streak alive. Thirty seconds to go, I got the ball, my great looking legs now covered up by modern day shorts to the knee; lacking any youthful bounce that as a tee ...
the influence of the financial factors on cash flow, as determining
the influence of the financial factors on cash flow, as determining

... Also, another financial factor, which has an influence on investment decisions adopted by the firm, is the leverage; more clearly, the higher leverage firms’ investments can be more sensitive to the cash flow than lower leverage firms’ investments. The cash flow is the only source of financing for t ...
CAPITAL MOBILITY
CAPITAL MOBILITY

... It is not a surprising evidence that capital account liberalisation boosts growth in high income countries, but slots it in low income countries.. Still there’s a movement towards more liberalisation.. ...
Buoyant economy, buoyant bond issuance
Buoyant economy, buoyant bond issuance

Key Role of Financial Sector in Economic Growth
Key Role of Financial Sector in Economic Growth

Attachment B
Attachment B

... evaluating the capabilities of a firm was the demonstrated commitment of a firm in bidding on our recent competitive bond issues. The RFP also included questions about providing specific suggestions for the structuring of the 2015 GRRBs and our debt program, in general. The selection committee made ...
Speech by Mr. Ivan Iskrov, Governor of the BNB, at the spring
Speech by Mr. Ivan Iskrov, Governor of the BNB, at the spring

... Balance of Payments current account. This view was based on the general assumption that these economies need a strong inflow of capital, in order to cover the deficit on the current account, and in times of crisis the access to capital would be difficult. The above does not take into account the fac ...
BUAD 611 – Managerial Finance
BUAD 611 – Managerial Finance

... 4 – You manage a real estate investment company. One year ago the company purchased 10 parcels of land distributed throughout the community for $1 million each. A recent appraisal of the properties indicates that five of the parcels are now worth $600,000 each. While the other five are worth $1.5 mi ...
Midterm 1 - Quantos Analytics
Midterm 1 - Quantos Analytics

Economics 3403 - University of Colorado Boulder
Economics 3403 - University of Colorado Boulder

... went bad. Estimates now are that non-performing loans exceed $1 trillion, or over 30% of Japanese GDP. These banks have called in other loans in an attempt to recapitalize themselves, which has resulted in a general credit decline (a “credit crunch” in the colorful phrase). Essentially no one is bo ...
Rule of 72 Assignment
Rule of 72 Assignment

... Jenny has a $3,000 balance on her credit card with an 18% interest rate. If she makes no payments on her card and no late fees were charged, how long will it take for her debt to double? (Please show your work). ...
The Basics
The Basics

High-level Regional Policy Dialogue on
High-level Regional Policy Dialogue on

... There is a debate in India on the instruments needed for controlling inflation. According to some, Monetary policy may not be the right one. Fiscal policy and supply side are important. Due to monetary tightening, investment demand got affected although consumption demand is less affected. It has ad ...
About Cash Your investment options:
About Cash Your investment options:

Document
Document

... debt ratios than the slower (or negative ) GDP growth and banking crisis. Therefore any policy that seeks to reduce public debt should avoid curbing GDP growth; without growth, any fiscal consolidation is highly unlikely to succeed . These findings challenge the influential “Lawson Doctrine”, that f ...
Test Bank for Quiz-2 FINA252 Financial Management
Test Bank for Quiz-2 FINA252 Financial Management

... A firm’s financial statement, that summarizes its sources and uses of cash over a specified period, is known as a(n): A. profit and loss statement B. accounting standard C. statement of cash flows D. balance sheet ...
Firms must adapt to survive turbulence
Firms must adapt to survive turbulence

... change management pro­ grammes, some firms create op­ portunities from factors such as technology. For others, they ig­ nore the proverbial writing on ...
December 2015 - Allianz Global Investors
December 2015 - Allianz Global Investors

... divergence begins As more central banks reduced interest rates to the bone and moved into QE mode, monetary policy around the world continued converging in 2015. Yet 2016 will see the first major divergence of monetary policy if, as expected, the US Federal Reserve raises interest rates. As a result, ...
Second Quarter 2015 Financial Market Commentary Slower and
Second Quarter 2015 Financial Market Commentary Slower and

... July 5th Greek referendum. It’s up to the Greek government and people to step back from the brink and stay in the EU. The key date is July 20th when a 3.5 billion euro payment is due to the ECB by Greece. This date will likely force the ECB to make a permanent decision on supporting Greek banks via ...
Post-Monetarism and the New World Order: Executive Summary
Post-Monetarism and the New World Order: Executive Summary

Origins and Initial Years of The Global Economic Crisis
Origins and Initial Years of The Global Economic Crisis

... Crisis Impact on Defense Spending Global financial crisis and the subsequent recession in most European countries has created a new dynamic for defense spending • Even before the crisis punishing demands of operations on armed forces revealed shortfalls in capabilities • In addition the cost of new ...
< 1 ... 208 209 210 211 212 213 214 215 216 ... 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