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What Drives Long-term Capital Flows? A Theoretical and Empirical
... the ability to borrow is somewhat limited by capital market imperfections (see Obstfeld and Rogoff [2000]). This suggests that for a neoclassical model to help us understand variations in borrowing behaviour, some type of imperfection in capital markets is needed. What form should this imperfection ...
... the ability to borrow is somewhat limited by capital market imperfections (see Obstfeld and Rogoff [2000]). This suggests that for a neoclassical model to help us understand variations in borrowing behaviour, some type of imperfection in capital markets is needed. What form should this imperfection ...
Working Paper No. 869 - Levy Economics Institute of Bard College
... increased household debt and result in debt-led consumption booms, while Bhaduri, Laski, and Riese (2006) focus on the wealth effect on consumption, where higher levels of financial wealth induce households to spend more, given financial deregulation. Lastly, Montgomerie (2006) looks at the introduc ...
... increased household debt and result in debt-led consumption booms, while Bhaduri, Laski, and Riese (2006) focus on the wealth effect on consumption, where higher levels of financial wealth induce households to spend more, given financial deregulation. Lastly, Montgomerie (2006) looks at the introduc ...
3 Generic-Culpepper-Economy - ddi09
... Links – Social Services .................................................................................................................................... 25 Links – Social Services .................................................................................................................... ...
... Links – Social Services .................................................................................................................................... 25 Links – Social Services .................................................................................................................... ...
ANNUAL REPORT 2011
... on EastLink. Similar to experience on the M7 tollway in Sydney, EastLink’s overall traffic ramp-up period continues more than three years after tolling began, with 9.1% growth recorded in the 12 months ended June 2011. It is evident more and more businesses, tradespeople and residents are learning h ...
... on EastLink. Similar to experience on the M7 tollway in Sydney, EastLink’s overall traffic ramp-up period continues more than three years after tolling began, with 9.1% growth recorded in the 12 months ended June 2011. It is evident more and more businesses, tradespeople and residents are learning h ...
Do foreign firms crowd out Ukrainian firms?
... output and capture some market share of the host country firms. Such reduction in demand for host country firm’s goods will lead to them cutting production and rising of their average costs of production. Besides, the presence of the multinationals on the domestic market is often associated with hig ...
... output and capture some market share of the host country firms. Such reduction in demand for host country firm’s goods will lead to them cutting production and rising of their average costs of production. Besides, the presence of the multinationals on the domestic market is often associated with hig ...
Explaining the Disconnection between China`s Economic
... the listed firms is from the WIND and CSMAR databases. Table II provides distribution of firms over the sample period and summary statistics; the number of listed firms in China grew steadily from 1,389 to 2,779. Detailed financial, accounting and ownership information for unlisted firms, over the ...
... the listed firms is from the WIND and CSMAR databases. Table II provides distribution of firms over the sample period and summary statistics; the number of listed firms in China grew steadily from 1,389 to 2,779. Detailed financial, accounting and ownership information for unlisted firms, over the ...
30 - Finance
... firm must earn a return on fund capital equal to the inflation rate, hence this rate must be built into the firm’s cost of capital estimate. Of course, if the asset base must increase to provide additional services, retained earnings above those needed to keep up with inflation will be required. 3. ...
... firm must earn a return on fund capital equal to the inflation rate, hence this rate must be built into the firm’s cost of capital estimate. Of course, if the asset base must increase to provide additional services, retained earnings above those needed to keep up with inflation will be required. 3. ...
capital markets and economic growth: long-‐term
... financing is a major issue from the point of view of enhancing the competitiveness of the European Union. With bank-‐based lending less able to fulfil long-‐term financing needs due to the ...
... financing is a major issue from the point of view of enhancing the competitiveness of the European Union. With bank-‐based lending less able to fulfil long-‐term financing needs due to the ...
Stock Market Liquidity, Financial Crisis and Quantitative Easing
... long-term yields in the U.S. Joyce et al. (2011 a, b) examine the Bank of England (BOE) 2009 quantitative easing program, finding an impact on asset prices through portfolio rebalancing. 4 They document that the BOE’s QE program affected United Kingdom long term bond yields similarly to those report ...
... long-term yields in the U.S. Joyce et al. (2011 a, b) examine the Bank of England (BOE) 2009 quantitative easing program, finding an impact on asset prices through portfolio rebalancing. 4 They document that the BOE’s QE program affected United Kingdom long term bond yields similarly to those report ...
Information Regarding Optional Dividend
... the number of share dividend rights entitled to one new common share, such that the gross dividend in shares will be approximately equal to the gross dividend in cash. Dividend in cash is in principle subject to 15% Dutch dividend withholding tax, which will be deducted from the dividend in cash pai ...
... the number of share dividend rights entitled to one new common share, such that the gross dividend in shares will be approximately equal to the gross dividend in cash. Dividend in cash is in principle subject to 15% Dutch dividend withholding tax, which will be deducted from the dividend in cash pai ...
The regulatory framework for investment
... many have such agencies also at the provincial and even city levels. There may be some 8,000 agencies in existence today worldwide,7 making the world market for FDI highly competitive. Typically, these agencies seek to attract as much FDI as possible to their shores, although an increasing number al ...
... many have such agencies also at the provincial and even city levels. There may be some 8,000 agencies in existence today worldwide,7 making the world market for FDI highly competitive. Typically, these agencies seek to attract as much FDI as possible to their shores, although an increasing number al ...
Migrant Remittances, Financial Globalization, and Exchange Rate
... (broadly construed) as a constraint on exchange rate policy: countries with more open capital accounts are more likely to float their currencies, because to do otherwise implies a loss of domestic monetary policy autonomy (Cohen 1993; Leblang 1999; Broz 2002). I confront this conventional wisdom wi ...
... (broadly construed) as a constraint on exchange rate policy: countries with more open capital accounts are more likely to float their currencies, because to do otherwise implies a loss of domestic monetary policy autonomy (Cohen 1993; Leblang 1999; Broz 2002). I confront this conventional wisdom wi ...
Creating value from intellectual assets
... products, processes and business models – is a central element of a transformation that has altered the relative importance of different factors in business performance and economic growth (OECD, 2000a; OECD, 2001a). In OECD economies, the shift to a knowledge-based economy has led to a structural c ...
... products, processes and business models – is a central element of a transformation that has altered the relative importance of different factors in business performance and economic growth (OECD, 2000a; OECD, 2001a). In OECD economies, the shift to a knowledge-based economy has led to a structural c ...
Strategy and Outlook (DOC 718kb)
... reform agenda to link the reform agenda more closely with the current economic outlook. Chapter 3 Budget position and outlook has been enhanced to provide greater disclosure and analysis of the State’s fiscal position. Chapter 4 Position and outlook of the broader public sector includes commentary o ...
... reform agenda to link the reform agenda more closely with the current economic outlook. Chapter 3 Budget position and outlook has been enhanced to provide greater disclosure and analysis of the State’s fiscal position. Chapter 4 Position and outlook of the broader public sector includes commentary o ...
Rating Agencies - Financial Policy Forum
... quality of credit ratings. Recommendations are made at the end to create more accurate ratings and to reduce the unwanted side-effects of the rating process. ...
... quality of credit ratings. Recommendations are made at the end to create more accurate ratings and to reduce the unwanted side-effects of the rating process. ...
The Value-Relevance of Earnings and Book Value
... The first IA factor is the social capital of family firms. This factor is grounded in stewardship theory and the RBV. In line with the first factor, the family has a deep connection with its business (Astrachan & Jaskiewicz, 2008) and family social capital is often intertwined with that of the firm ...
... The first IA factor is the social capital of family firms. This factor is grounded in stewardship theory and the RBV. In line with the first factor, the family has a deep connection with its business (Astrachan & Jaskiewicz, 2008) and family social capital is often intertwined with that of the firm ...
Monetary Policy, Financial Conditions, and Financial Stability
... As discussed in detail in this paper, when financial intermediation is added to these models, interest rate changes can also affect loan supply through credit market frictions, such as asymmetric information between borrowers and lenders that gives rise to an external finance premium. The size of t ...
... As discussed in detail in this paper, when financial intermediation is added to these models, interest rate changes can also affect loan supply through credit market frictions, such as asymmetric information between borrowers and lenders that gives rise to an external finance premium. The size of t ...
report on audit of the financial statements june 30, 2014
... in current and other assets. The Deferred Outflows of Resources on the defined benefit pension plans is associated with the implementation of Governmental Accounting Standards Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions-An Amendment of GASB Statement No. 27. GASB S ...
... in current and other assets. The Deferred Outflows of Resources on the defined benefit pension plans is associated with the implementation of Governmental Accounting Standards Board (GASB) Statement No. 68, Accounting and Financial Reporting for Pensions-An Amendment of GASB Statement No. 27. GASB S ...