
AVENTINE RENEWABLE ENERGY HOLDINGS INC
... Standards (“ IFRS ”) (“ASU 2011-04”), which changes certain fair value measurement and disclosure requirements, clarifies the application of existing fair value measurement and disclosure requirements and provides consistency to ensure that GAAP and IFRS fair value measurement and disclosure require ...
... Standards (“ IFRS ”) (“ASU 2011-04”), which changes certain fair value measurement and disclosure requirements, clarifies the application of existing fair value measurement and disclosure requirements and provides consistency to ensure that GAAP and IFRS fair value measurement and disclosure require ...
Why Is Financial Stability a Goal of Public Policy
... systemic ion than dlfficulties cisewhere in the financiar sector. But the ctions are becoming more blurred, with problems at key noninstitutions havj'ng growing potencia] for significant splllover quences. any respects size has become more important than an instituformal character in determining its ...
... systemic ion than dlfficulties cisewhere in the financiar sector. But the ctions are becoming more blurred, with problems at key noninstitutions havj'ng growing potencia] for significant splllover quences. any respects size has become more important than an instituformal character in determining its ...
Tilburg University The impact of Taxation on Bank
... for banks that are more constrained by regulatory pressure to meet capital requirements. Looking at the overall impact of taxation on bank stability, we find no evidence that corporate income taxation makes banks less safe. In fact, regressions on banks’ Z score –a measure of the likelihood of bank ...
... for banks that are more constrained by regulatory pressure to meet capital requirements. Looking at the overall impact of taxation on bank stability, we find no evidence that corporate income taxation makes banks less safe. In fact, regressions on banks’ Z score –a measure of the likelihood of bank ...
Financial Contracting and the Choice between Private Placement
... throughout the life of the debt contract upon mutual agreement between the borrower and the lender, are more likely to have restrictive covenants than public debts. In fact, in a public bond offering, a debt security is sold at a fixed price to the public on a take-it-or-leave-it basis. Investors in ...
... throughout the life of the debt contract upon mutual agreement between the borrower and the lender, are more likely to have restrictive covenants than public debts. In fact, in a public bond offering, a debt security is sold at a fixed price to the public on a take-it-or-leave-it basis. Investors in ...
Proposed features of a sovereign debt restructur
... amendment. At the conclusion of their discussion of the November paper, Directors expressed the views that the preferred course of action would be to proceed, at least initially, on the basis of excluding official bilateral claims from the SDRM, while recognizing that this will require the formulati ...
... amendment. At the conclusion of their discussion of the November paper, Directors expressed the views that the preferred course of action would be to proceed, at least initially, on the basis of excluding official bilateral claims from the SDRM, while recognizing that this will require the formulati ...
Memo 7 – Consequences of an increased loan-to
... Even though the loan-to-value ratios of the cover pool would probably not increase to a critical level in the event of a sharp decline in house prices, uncertainty about the bonds and the value of the underlying collateral would increase in the event of a rapid decline in house prices. A drop in hou ...
... Even though the loan-to-value ratios of the cover pool would probably not increase to a critical level in the event of a sharp decline in house prices, uncertainty about the bonds and the value of the underlying collateral would increase in the event of a rapid decline in house prices. A drop in hou ...
Staff Working Paper No. 594: Non-performing
... feature of economic and banking crises. Hence their definition, valuation, and mitigation are a crucial and enduring policy issue for central banks. At the most general level, a NPL is a loan where a borrower is not making repayments in accordance with contractual obligations. NPLs are impaired when ...
... feature of economic and banking crises. Hence their definition, valuation, and mitigation are a crucial and enduring policy issue for central banks. At the most general level, a NPL is a loan where a borrower is not making repayments in accordance with contractual obligations. NPLs are impaired when ...
Foreign Capital and Economic Growth in the First Era of Globalization
... played an important role in shaping the flow of capital out of London. At the core of this global financial system was Great Britain with a vast surplus of savings. This surplus was channelled through the City of London to borrowers from all over the world. Gross (and net) inflows were large even by ...
... played an important role in shaping the flow of capital out of London. At the core of this global financial system was Great Britain with a vast surplus of savings. This surplus was channelled through the City of London to borrowers from all over the world. Gross (and net) inflows were large even by ...
capital structure in the airline industry
... controlled by a parent company and include different subsidiaries.) Since the largest part of the revenue comes from passenger service the airlines are dependent on consumer and business confidence. A family will go on vacation when they feel they have good enough economy to treat themselves with so ...
... controlled by a parent company and include different subsidiaries.) Since the largest part of the revenue comes from passenger service the airlines are dependent on consumer and business confidence. A family will go on vacation when they feel they have good enough economy to treat themselves with so ...
Contrmporary Finance - Sect 7
... their lender and sell their home. They want to avoid foreclosure and the lender agrees to let a new buyer purchase the home for less than the mortgage balance while the home is in foreclosure or pre-foreclosure status. In essence, the lender is willing to have the home sold and take a loss on the sa ...
... their lender and sell their home. They want to avoid foreclosure and the lender agrees to let a new buyer purchase the home for less than the mortgage balance while the home is in foreclosure or pre-foreclosure status. In essence, the lender is willing to have the home sold and take a loss on the sa ...
A Lesson from the Great Depression that the Fed Might have
... analyze the e¤ect of the operation on the cross section of Treasury yields using an event study methodology. Since there were no announcements, we construct a narrative record of the period preceding and during the operation. Around the dates identi…ed from the narrative record, there were signi…ca ...
... analyze the e¤ect of the operation on the cross section of Treasury yields using an event study methodology. Since there were no announcements, we construct a narrative record of the period preceding and during the operation. Around the dates identi…ed from the narrative record, there were signi…ca ...
McGraw-Hill Global Education Intermediate Holdings
... was completed, the result of which was that the HPI business and the SEG business were separated into two legal entities. The HPI business is now owned by MHGE Holdings, and the SEG business is owned by McGraw-Hill School Education Intermediate Holdings, LLC (“MHSE Holdings”), a separate wholly owne ...
... was completed, the result of which was that the HPI business and the SEG business were separated into two legal entities. The HPI business is now owned by MHGE Holdings, and the SEG business is owned by McGraw-Hill School Education Intermediate Holdings, LLC (“MHSE Holdings”), a separate wholly owne ...
February 2012 Aftershock Newsletter Inflation or Deflation? As
... In contrast, deflation is just the opposite of inflation. A money supply that either grows slower than the economy or a money supply that is made smaller by removing money from the money supply eventually causes deflation, which boosts the value of the dollar. Again, like diamonds, when dollars bec ...
... In contrast, deflation is just the opposite of inflation. A money supply that either grows slower than the economy or a money supply that is made smaller by removing money from the money supply eventually causes deflation, which boosts the value of the dollar. Again, like diamonds, when dollars bec ...
New Capital Rules for Community Banks
... Minimum supplemental leverage ratio of 6 percent of Tier 1 capital for any insured bank in order to be considered “well capitalized” under PCA framework Minimum supplemental leverage ratio of 3 percent, plus an additional leverage “buffer” of 2 percent (for a total of 5 percent) of Tier 1 capita ...
... Minimum supplemental leverage ratio of 6 percent of Tier 1 capital for any insured bank in order to be considered “well capitalized” under PCA framework Minimum supplemental leverage ratio of 3 percent, plus an additional leverage “buffer” of 2 percent (for a total of 5 percent) of Tier 1 capita ...
Chapter 9
... 13. You would choose to sell the FRA such that you will pay 6-month LIBOR and receive 7.25% fixed. If rates remain below forward rates through settlement, the counterparty will be obligated to make a cash payment to you. 14. You will lose in the cash market if your borrowing rates increase from the ...
... 13. You would choose to sell the FRA such that you will pay 6-month LIBOR and receive 7.25% fixed. If rates remain below forward rates through settlement, the counterparty will be obligated to make a cash payment to you. 14. You will lose in the cash market if your borrowing rates increase from the ...
Covered Bonds: FDIC Action Might Spur US Covered
... publication of the statement in the Federal Register, that removes these impediments for qualifying covered bonds. In the event of the issuing bank’s insolvency, the FDIC, in its capacity as conservator or receiver, would consent to the exercise of rights over the covered bond collateral as soon as ...
... publication of the statement in the Federal Register, that removes these impediments for qualifying covered bonds. In the event of the issuing bank’s insolvency, the FDIC, in its capacity as conservator or receiver, would consent to the exercise of rights over the covered bond collateral as soon as ...
Chapter 11 Money and Monetary Policy
... recession. Over the next several years, prices gently but steadily fell at a rate of about 1% per year. These situations can be very frustrating, when looked at from the perspective of the real potential productivity of an economy. People may want to work and spend, and businesses might have great i ...
... recession. Over the next several years, prices gently but steadily fell at a rate of about 1% per year. These situations can be very frustrating, when looked at from the perspective of the real potential productivity of an economy. People may want to work and spend, and businesses might have great i ...
Monthly balance sheet statistics
... The period from the date of giving notice to the maturity date is to be regarded as the period of notice. If a period during which notice may not be given is agreed upon in addition to the period of notice, this must be taken into account in the classification; on the expiry of the period resulting ...
... The period from the date of giving notice to the maturity date is to be regarded as the period of notice. If a period during which notice may not be given is agreed upon in addition to the period of notice, this must be taken into account in the classification; on the expiry of the period resulting ...
CAPITAL BUDGETING AND POLICY EVALUATION USING OPTION PRICING THEORY Peter Seed
... free, however, the actual cost of the guarantee can be substantial (See Section 4). When market prices fall below the minimum price the guarantee will be worth more to the recipients. However, the producers still have the right to sell their produce on the open market if prices rise. Loan guarantees ...
... free, however, the actual cost of the guarantee can be substantial (See Section 4). When market prices fall below the minimum price the guarantee will be worth more to the recipients. However, the producers still have the right to sell their produce on the open market if prices rise. Loan guarantees ...
1 Bank-Borrower Relationships and Transition from Joint Liability to
... many major microfinance institutions have recently expanded into, or converted their portfolios to, individual liability loans (Armendariz de Aghion and Morduch, 2010). The current study, however, differs from this literature in that while previous research has primarily focused on the merits and de ...
... many major microfinance institutions have recently expanded into, or converted their portfolios to, individual liability loans (Armendariz de Aghion and Morduch, 2010). The current study, however, differs from this literature in that while previous research has primarily focused on the merits and de ...