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... however, continues to be how to achieve more rapid underlying rates of output growth, and break the decade-long pattern of anemic performance interspersed with recession. This cannot be achieved by macroeconomic policies alone, but requires decisive action to deal with long-standing structural imped ...
... however, continues to be how to achieve more rapid underlying rates of output growth, and break the decade-long pattern of anemic performance interspersed with recession. This cannot be achieved by macroeconomic policies alone, but requires decisive action to deal with long-standing structural imped ...
the fragile capital structure of hedge funds and the
... price signals for allocative purposes. In the absence of smart investors, …nancial markets can wander o¤ erratically, and risk falling into a vicious cycle that goes from lower price informativeness to less liquidity and back, a process of continued deterioration that can prolong a …nancial crisis. ...
... price signals for allocative purposes. In the absence of smart investors, …nancial markets can wander o¤ erratically, and risk falling into a vicious cycle that goes from lower price informativeness to less liquidity and back, a process of continued deterioration that can prolong a …nancial crisis. ...
Release 1Q16
... last year and the slowdown of the Brazilian economy have created a more favorable environment for exports and Klabin again increased its sales to export markets. On the other hand, a strong presence in more resilient segments of the domestic market has enabled the Company to maintain its stable sale ...
... last year and the slowdown of the Brazilian economy have created a more favorable environment for exports and Klabin again increased its sales to export markets. On the other hand, a strong presence in more resilient segments of the domestic market has enabled the Company to maintain its stable sale ...
FIT FOR THE FUTURE - N Brown Group plc
... The scale and pace of change required to modernise the business put a great deal of strain on our performance in a difficult year for the clothing sector. The fall in profits was nevertheless a disappointment. However, we laid important foundations for profit recovery and long-term growth. We have n ...
... The scale and pace of change required to modernise the business put a great deal of strain on our performance in a difficult year for the clothing sector. The fall in profits was nevertheless a disappointment. However, we laid important foundations for profit recovery and long-term growth. We have n ...
2016 Annual Report - St Barbara Limited
... well down on the $841 per ounce reported in the prior year. The lower AISC in 2016 was due mainly to the lower unit Cash Operating Cost and reduced sustaining capital expenditure. Total Cash Operating Costs at Gwalia of $162,704,000 were higher compared with the p ...
... well down on the $841 per ounce reported in the prior year. The lower AISC in 2016 was due mainly to the lower unit Cash Operating Cost and reduced sustaining capital expenditure. Total Cash Operating Costs at Gwalia of $162,704,000 were higher compared with the p ...
An Equity Valuation and Analysis of Havertys Furniture Companies
... government required annual disclosure. The source used in this process is the 10-k. Specifically, the balance sheet, income statement, statement of cash flows, and finally, any footnotes having to do with accounting policy. In the end key accounting policies should be aligned with the firm’s key suc ...
... government required annual disclosure. The source used in this process is the 10-k. Specifically, the balance sheet, income statement, statement of cash flows, and finally, any footnotes having to do with accounting policy. In the end key accounting policies should be aligned with the firm’s key suc ...
AMERCO /NV/ (Form: 10-Q, Received: 11/05/2014
... AMERCO, a Nevada corporation (“AMERCO”), has a second fiscal quarter that ends on the 30 of September for each year that is referenced. Our insurance company subsidiaries have a second quarter that ends on the 3 0 of June for each year that is referenced. They have been consolidated on that basis. O ...
... AMERCO, a Nevada corporation (“AMERCO”), has a second fiscal quarter that ends on the 30 of September for each year that is referenced. Our insurance company subsidiaries have a second quarter that ends on the 3 0 of June for each year that is referenced. They have been consolidated on that basis. O ...
Global Investment Outlook - RBC Global Asset Management
... Surprisingly strong economic data, surging consumer and business confidence, and better-than-expected earnings propelled stocks higher in the past quarter, with most major indexes delivering gains in the mid to high single digits. Emerging markets, European and U.S. equities rose the most, while gai ...
... Surprisingly strong economic data, surging consumer and business confidence, and better-than-expected earnings propelled stocks higher in the past quarter, with most major indexes delivering gains in the mid to high single digits. Emerging markets, European and U.S. equities rose the most, while gai ...
Value and Prices of Intangible Assets
... persuasive evidence. One always has to be concerned about the quality of the accounting, of course, but typically the quality of the accounting suffers when accountants stray from that principle of unbiased measurement based of the evidence. Valuation with Imperfect Accounting If financial statement ...
... persuasive evidence. One always has to be concerned about the quality of the accounting, of course, but typically the quality of the accounting suffers when accountants stray from that principle of unbiased measurement based of the evidence. Valuation with Imperfect Accounting If financial statement ...
Optimal Monetary and Prudential Policies
... a pecuniary externality associated with a collateral constraint plays a central role: it makes an economic expansion increase the value of borrowers’ collateral and leads to excessive borrowing. A tax on debt can then make borrowers internalize the externality.5 Benigno et al. (2011) add monetary po ...
... a pecuniary externality associated with a collateral constraint plays a central role: it makes an economic expansion increase the value of borrowers’ collateral and leads to excessive borrowing. A tax on debt can then make borrowers internalize the externality.5 Benigno et al. (2011) add monetary po ...
Intermediary Balance Sheets - Federal Reserve Bank of New York
... imply loose funding constraints for banks, enabling balance sheet expansion. The main difference between nonbank financial intermediaries and banks is their use of leverage. Nonbanks use profit sharing agreements with household investors, which can be interpreted as outside equity funding. The prin ...
... imply loose funding constraints for banks, enabling balance sheet expansion. The main difference between nonbank financial intermediaries and banks is their use of leverage. Nonbanks use profit sharing agreements with household investors, which can be interpreted as outside equity funding. The prin ...
words - Investor Relations Solutions
... Basis of Presentation The accompanying unaudited consolidated financial statements include the financial statements of the Company, its wholly-owned subsidiaries, and its 80% -owned subsidiary, CAIJ, Inc. (CAIJ). The equity attributable to the minority interest in CAIJ is shown as a non-controlling ...
... Basis of Presentation The accompanying unaudited consolidated financial statements include the financial statements of the Company, its wholly-owned subsidiaries, and its 80% -owned subsidiary, CAIJ, Inc. (CAIJ). The equity attributable to the minority interest in CAIJ is shown as a non-controlling ...
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... since September 2001 and thereby signalled its intention to normalise monetary policy. Moderate inflation will allow the bank to continue its course of gradually making monetary policy less expansionary. The Chinese economy continues to grow very dynamically at rates around 10 percent per year. The ...
... since September 2001 and thereby signalled its intention to normalise monetary policy. Moderate inflation will allow the bank to continue its course of gradually making monetary policy less expansionary. The Chinese economy continues to grow very dynamically at rates around 10 percent per year. The ...
Half-year report 2015
... to the German Bundesbank, the exceedingly favorable consumer climate was still the main driver of growth. Given the good employment situation and higher income levels, the propensity among private households to buy remained high. Austria’s economic development, on the other hand, remained muted, alt ...
... to the German Bundesbank, the exceedingly favorable consumer climate was still the main driver of growth. Given the good employment situation and higher income levels, the propensity among private households to buy remained high. Austria’s economic development, on the other hand, remained muted, alt ...
05low interest rates not appropriate for either euro area or germany
... price. Interest rate reaction functions suggest that monetary policy should be tightened in order to reflect macroeconomic developments. This applies even if, like the ECB, one assumes that the longterm equilibrium interest rate has fallen considerably. There is, however, no reliable empirical evide ...
... price. Interest rate reaction functions suggest that monetary policy should be tightened in order to reflect macroeconomic developments. This applies even if, like the ECB, one assumes that the longterm equilibrium interest rate has fallen considerably. There is, however, no reliable empirical evide ...
KITE REALTY GROUP TRUST
... We believe it is important to understand the few differences between the Parent Company and the Operating Partnership in the context of how we operate as an interrelated consolidated company. The Parent Company has no material assets or liabilities other than its investment in the Operating Partners ...
... We believe it is important to understand the few differences between the Parent Company and the Operating Partnership in the context of how we operate as an interrelated consolidated company. The Parent Company has no material assets or liabilities other than its investment in the Operating Partners ...
An Overview of Using Dynamic Discounted Cash Flow and
... effort involved in the services provided by AMEC and David Laughton Consulting Limited based on: i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions and qualifications set forth in this presentation. This presentation is int ...
... effort involved in the services provided by AMEC and David Laughton Consulting Limited based on: i) information available at the time of preparation, ii) data supplied by outside sources, and iii) the assumptions, conditions and qualifications set forth in this presentation. This presentation is int ...
Words - corporate
... designated as a cash flow hedge of variable rate debt obligations. The adjustment of $531 and $699 for the nine months ended September 30, 2016 and 2015, respectively, for the effective portion of the loss on the derivatives is included as a component of other comprehensive income, net of taxes. The ...
... designated as a cash flow hedge of variable rate debt obligations. The adjustment of $531 and $699 for the nine months ended September 30, 2016 and 2015, respectively, for the effective portion of the loss on the derivatives is included as a component of other comprehensive income, net of taxes. The ...
International Financial Integration and Crisis Contagion ∗ Michael B. Devereux Changhua Yu
... focus mainly on perfect risk sharing for investors. Second, the mechanism is quite different. We study a channel of fire sales, in which both asset prices and quantities of assets adjust endogenously to exogenous shocks, while they focus only on the quantity adjustment of assets. Another related pa ...
... focus mainly on perfect risk sharing for investors. Second, the mechanism is quite different. We study a channel of fire sales, in which both asset prices and quantities of assets adjust endogenously to exogenous shocks, while they focus only on the quantity adjustment of assets. Another related pa ...
Africa`s Exodus: Capital Flight and the Brain
... flight of financial capital and partly through the emigration of educated people. In this paper we analyze this exodus within an integrating framework of portfolio decisions taken by families. Families can decide both what proportion of their financial wealth, and what proportion of their educated m ...
... flight of financial capital and partly through the emigration of educated people. In this paper we analyze this exodus within an integrating framework of portfolio decisions taken by families. Families can decide both what proportion of their financial wealth, and what proportion of their educated m ...
Outlook for 2017: Paradigm Shift
... governments also promoted fiscal austerity, multilateral trade and aggressive monetary stimulus. However, last year’s U.K. Brexit vote and U.S. election of President Donald Trump likely presage a new chapter in this bull market story. Specifically, many nations are definitely now viewing trade and f ...
... governments also promoted fiscal austerity, multilateral trade and aggressive monetary stimulus. However, last year’s U.K. Brexit vote and U.S. election of President Donald Trump likely presage a new chapter in this bull market story. Specifically, many nations are definitely now viewing trade and f ...