MLAR definitions - Bank of England
... Chapter 16 of the Supervision manual for controllers reports (section 16.4), close links reports (section 16.5) and annual accounts (section 16.12). ...
... Chapter 16 of the Supervision manual for controllers reports (section 16.4), close links reports (section 16.5) and annual accounts (section 16.12). ...
Accounting for Changes in the Homeownership Rate
... On the other hand, a zero downpayment combo loan results in an even larger increase in the homeownership rate. In this case, the importance of …nancial innovation increases in relative importance and accounts for 59 percent while demographic factors only account for 41 percent of the total e¤ect. Th ...
... On the other hand, a zero downpayment combo loan results in an even larger increase in the homeownership rate. In this case, the importance of …nancial innovation increases in relative importance and accounts for 59 percent while demographic factors only account for 41 percent of the total e¤ect. Th ...
Capital structure and volatility of risk
... called volatility of implied volatility (VIV). All our results are implemented both of these measures of volatility of volatility. We rank firms in deciles according to our volatility of volatility measures (both VRV and VIV) and we find that the firms in the higher deciles issue monotonically small ...
... called volatility of implied volatility (VIV). All our results are implemented both of these measures of volatility of volatility. We rank firms in deciles according to our volatility of volatility measures (both VRV and VIV) and we find that the firms in the higher deciles issue monotonically small ...
LEYR rev2 - Law and Economics Yearly Review
... increased the asymmetry of information between derivative operators and other market operators; rather than predicting market trends, they determined them; they increased transaction costs for some and reduced them for others; and they created new transaction frictions. The logical conclusion of th ...
... increased the asymmetry of information between derivative operators and other market operators; rather than predicting market trends, they determined them; they increased transaction costs for some and reduced them for others; and they created new transaction frictions. The logical conclusion of th ...
Accounting Comparability and Loan Contracting - CEAR
... quality”; and the other dimension is the extent they reflect the similarity of similar transactions across firms – which we call “accounting comparability.” It has been well established in the literature that the inherent accounting quality affects both the cost of equity (Botosan 1997; Francis, La ...
... quality”; and the other dimension is the extent they reflect the similarity of similar transactions across firms – which we call “accounting comparability.” It has been well established in the literature that the inherent accounting quality affects both the cost of equity (Botosan 1997; Francis, La ...
Document
... trouble maintaining its global military leadership role as they won’t be able to appropriately fund not only their military, but more importantly non-US bases; China in this scenario might step in to seek a deal with the US for Eastern Hemisphere control. All signs suggest that the “deck” holding th ...
... trouble maintaining its global military leadership role as they won’t be able to appropriately fund not only their military, but more importantly non-US bases; China in this scenario might step in to seek a deal with the US for Eastern Hemisphere control. All signs suggest that the “deck” holding th ...
Thematic Review on mortgage Underwriting and Origination Practices
... losses to the banking, securities, and insurance sectors globally. The UK and US were two of the jurisdictions that were most affected, having experienced a surge in mortgage lending and housing price growth.6 In the process, lenders in those countries had placed greater emphasis on home valuations ...
... losses to the banking, securities, and insurance sectors globally. The UK and US were two of the jurisdictions that were most affected, having experienced a surge in mortgage lending and housing price growth.6 In the process, lenders in those countries had placed greater emphasis on home valuations ...
Repo Regret? - The University of Chicago Booth School of Business
... rate of IMCs is significantly greater than that of AMCs and has an overall increasing trend over time. In a more formal regression setup, I confirm that IMCs have a higher growth in mortgage origination in the post BAPCPA period – both in terms of the number and volume of loans. Consistent with the ...
... rate of IMCs is significantly greater than that of AMCs and has an overall increasing trend over time. In a more formal regression setup, I confirm that IMCs have a higher growth in mortgage origination in the post BAPCPA period – both in terms of the number and volume of loans. Consistent with the ...
V7-Mutual Fund year book
... plans from October 1, 2012 instead of plans based on the minimum investment amount (for instance institutional and superinstitutional plans). All funds now have only one plan across investor classes. ...
... plans from October 1, 2012 instead of plans based on the minimum investment amount (for instance institutional and superinstitutional plans). All funds now have only one plan across investor classes. ...
CBO Long-Term Budget Outlook March 2017
... Mandatory spending other than that for Social Security and the major health care programs—such as spending for federal employees’ pensions and for various income security programs—is projected to decline as a percentage of GDP, as is discretionary spending. (Mandatory spending is generally governed ...
... Mandatory spending other than that for Social Security and the major health care programs—such as spending for federal employees’ pensions and for various income security programs—is projected to decline as a percentage of GDP, as is discretionary spending. (Mandatory spending is generally governed ...
Do Natural Disasters Lead to More Migration? Evidence
... 2010 alone, natural disasters of various kinds killed at least a quarter million people, which exceeds the number of people killed in terrorist attacks in the past 40 years combined (U.S. Federal Emergency Management Agency). The study of environmental shocks is even more important in development ec ...
... 2010 alone, natural disasters of various kinds killed at least a quarter million people, which exceeds the number of people killed in terrorist attacks in the past 40 years combined (U.S. Federal Emergency Management Agency). The study of environmental shocks is even more important in development ec ...
Privatizing Fannie and Freddie: Be Careful What
... of substantial capital and a line of credit. Under the terms of their agreement with Treasury (Senior Preferred Stock Purchase Agreements or PSPAs), the GSEs are required to pay Treasury a dividend in return for its investment and a commitment fee in return for their line of credit. The quarterly di ...
... of substantial capital and a line of credit. Under the terms of their agreement with Treasury (Senior Preferred Stock Purchase Agreements or PSPAs), the GSEs are required to pay Treasury a dividend in return for its investment and a commitment fee in return for their line of credit. The quarterly di ...
Credit Scores, Reports, and Getting Ahead in
... Meanwhile, the typical county with high average credit scores had higher per capita incomes ($40,941) and higher shares of homeowners (73 percent). ■ Financial insecurity, primarily measured by the frequency of loan delinquencies, rose between 1999 and 2004. Over those five years, the proportion of ...
... Meanwhile, the typical county with high average credit scores had higher per capita incomes ($40,941) and higher shares of homeowners (73 percent). ■ Financial insecurity, primarily measured by the frequency of loan delinquencies, rose between 1999 and 2004. Over those five years, the proportion of ...
Changing the savings culture.ALP Team3
... penetration and the current savings products available to the market. It was determined that low interest rates made saving unattractive while banks appeared to focus more on credit products. The research concluded that slight changes to the current offerings could contribute to a significantly impr ...
... penetration and the current savings products available to the market. It was determined that low interest rates made saving unattractive while banks appeared to focus more on credit products. The research concluded that slight changes to the current offerings could contribute to a significantly impr ...
DBRS Recovery Ratings for Non-Investment Grade
... appropriate, in estimating the enterprise value of an issuer or its assets upon emergence from default. In most cases, the first approach below (1) would be used. In certain other cases, one of methods (2) or (3) would be more appropriate. A hybrid approach may also be possible, for example, where c ...
... appropriate, in estimating the enterprise value of an issuer or its assets upon emergence from default. In most cases, the first approach below (1) would be used. In certain other cases, one of methods (2) or (3) would be more appropriate. A hybrid approach may also be possible, for example, where c ...
Uncertainty shocks, asset supply and pricing over the business cycle
... of low stock prices but also saw low debt issuance and shareholder payout. This paper proposes and estimates a business cycle model that jointly matches the dynamics of stock prices, leverage and shareholder payout in postwar US data. On the household side, we depart from standard models by making t ...
... of low stock prices but also saw low debt issuance and shareholder payout. This paper proposes and estimates a business cycle model that jointly matches the dynamics of stock prices, leverage and shareholder payout in postwar US data. On the household side, we depart from standard models by making t ...
FEDEX CORP (Form: 424B3, Received: 01/03/2017 08:57:53)
... or our subsidiaries may incur. In addition, other than the provisions relating to a Change of Control Repurchase Event, the Indenture, which is described below under "Description of the Notes," also does not contain any debt covenants or provisions that afford holders of the notes protection in the ...
... or our subsidiaries may incur. In addition, other than the provisions relating to a Change of Control Repurchase Event, the Indenture, which is described below under "Description of the Notes," also does not contain any debt covenants or provisions that afford holders of the notes protection in the ...
piedmont office realty trust, inc. - Piedmont REIT
... laws. In addition, Piedmont Office Realty Trust, Inc. ("Piedmont"), or its executive officers on Piedmont’s behalf, may from time to time make forward-looking statements in reports and other documents Piedmont files with the Securities and Exchange Commission or in connection with other written or o ...
... laws. In addition, Piedmont Office Realty Trust, Inc. ("Piedmont"), or its executive officers on Piedmont’s behalf, may from time to time make forward-looking statements in reports and other documents Piedmont files with the Securities and Exchange Commission or in connection with other written or o ...
U S A 2009
... “We are coping with the economic situation, making the best adjustments we can, moving forward and being realistic about our future. USA is still a great bargain for a great education, and we are still the best bargain for an education of any institution in the state of Alabama.” —Gordon Moulton, Un ...
... “We are coping with the economic situation, making the best adjustments we can, moving forward and being realistic about our future. USA is still a great bargain for a great education, and we are still the best bargain for an education of any institution in the state of Alabama.” —Gordon Moulton, Un ...
IFRS 9 Financial Instruments
... financial instruments and to account for their impacts-in most cases as they happen, rather than allowing problems to be hidden. IAS 39 requires most derivatives to be reported at their ‘fair’ or market value, rather than at cost. This overcomes the problem that the cost of a derivative is often nil ...
... financial instruments and to account for their impacts-in most cases as they happen, rather than allowing problems to be hidden. IAS 39 requires most derivatives to be reported at their ‘fair’ or market value, rather than at cost. This overcomes the problem that the cost of a derivative is often nil ...
Does Housing Wealth Make Us Less Equal? The Role of
... quickly to increase the need for precautionary savings at all wealth levels. A natural extension of the Diaz et al. paper is to change the habit stock in the utility function to a durable good. That is the approach taken by this paper and, in a similar framework, by Diaz and LuengoPrado (2002). Diaz ...
... quickly to increase the need for precautionary savings at all wealth levels. A natural extension of the Diaz et al. paper is to change the habit stock in the utility function to a durable good. That is the approach taken by this paper and, in a similar framework, by Diaz and LuengoPrado (2002). Diaz ...
Household debt
Household debt is defined as the amount of money that all adults in the household owe financial institutions. It includes consumer debt and mortgage loans. A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012. Several economists have argued that lowering this debt is essential to economic recovery in the U.S. and selected Eurozone countries.