Sovereign and corporate credit risk
... Domestic demand. Sovereign crises are frequently accompanied by a reduction in ...
... Domestic demand. Sovereign crises are frequently accompanied by a reduction in ...
Bear Stearns
... strategic as compared to the “out-of-the-box” merger mania that defined the irrational exuberance of the 1990s. For example, instead of an acquirer targeting a business outside its own core competencies, companies are reexamining their motivations for merger activity to find more practical corporate ...
... strategic as compared to the “out-of-the-box” merger mania that defined the irrational exuberance of the 1990s. For example, instead of an acquirer targeting a business outside its own core competencies, companies are reexamining their motivations for merger activity to find more practical corporate ...
Chap020 - U of L Class Index
... • Collateral – assets pledged as security by customer in the event of default • Conditions – general economic conditions related to customer’s business Copyright © 2005 McGraw-Hill Ryerson Limited. All rights reserved. ...
... • Collateral – assets pledged as security by customer in the event of default • Conditions – general economic conditions related to customer’s business Copyright © 2005 McGraw-Hill Ryerson Limited. All rights reserved. ...
Credit Access and Social Welfare in France and America
... historically, largely a myth. During the Great Depression, consumer loans showed higher repayment rates than any other class of borrowing.10 In France during World War I, lenders in the industrial northeast that closed their doors during German occupation were able to collect on most of the debts af ...
... historically, largely a myth. During the Great Depression, consumer loans showed higher repayment rates than any other class of borrowing.10 In France during World War I, lenders in the industrial northeast that closed their doors during German occupation were able to collect on most of the debts af ...
Discussion paper on the debt write-down tool – bail-in
... power, exercisable when an institution meets the trigger conditions for entry into resolution, to write off all equity, and either write off subordinated liabilities or convert it into an equity claim. The debt write down tool can be used both in a going concern scenario and a liquidation scenario. ...
... power, exercisable when an institution meets the trigger conditions for entry into resolution, to write off all equity, and either write off subordinated liabilities or convert it into an equity claim. The debt write down tool can be used both in a going concern scenario and a liquidation scenario. ...
Financial Liberalization and Allocative Efficiency (April 2011)
... The e¢ ciency bene…ts described so far rely on an increase in leverage that occurs without losing …nancial discipline. In our model this discipline comes about by limiting external …nance to standard debt contracts under which agents must repay in all states or else face bankruptcy. Because of contr ...
... The e¢ ciency bene…ts described so far rely on an increase in leverage that occurs without losing …nancial discipline. In our model this discipline comes about by limiting external …nance to standard debt contracts under which agents must repay in all states or else face bankruptcy. Because of contr ...
Mise en page 1
... country (LMIC) following its 2010 revision of GDP estimates. However, while considerable headway has been made regarding poverty and living conditions, income inequality has widened. Moreover, the informal sector still accounts for 80 per cent of employment. The formal private sector has been unable ...
... country (LMIC) following its 2010 revision of GDP estimates. However, while considerable headway has been made regarding poverty and living conditions, income inequality has widened. Moreover, the informal sector still accounts for 80 per cent of employment. The formal private sector has been unable ...
Recent episodes of credit card distress in Asia
... The boom phase was characterised by large increases in credit card lending and credit availability. Credit card debt grew at a rapid pace within a short period of time. Hong Kong’s card balances increased from 3% of GDP in 1998 to 5% in 2001. Korea’s outstanding credit card debt grew most rapidly, f ...
... The boom phase was characterised by large increases in credit card lending and credit availability. Credit card debt grew at a rapid pace within a short period of time. Hong Kong’s card balances increased from 3% of GDP in 1998 to 5% in 2001. Korea’s outstanding credit card debt grew most rapidly, f ...
After Osbrown - Talk Carswell
... Office of National Statistics data shows unemployment has fallen to 7.4 per cent, faster than many expected. ...
... Office of National Statistics data shows unemployment has fallen to 7.4 per cent, faster than many expected. ...
keycorp reports first quarter 2016 net income of $182
... from continuing operations attributable to Key common shareholders of $182 million, or $.22 per common share, compared to $224 million, or $.27 per common share, for the fourth quarter of 2015, and $222 million, or $.26 per common share, for the first quarter of 2015. During the first quarter of 201 ...
... from continuing operations attributable to Key common shareholders of $182 million, or $.22 per common share, compared to $224 million, or $.27 per common share, for the fourth quarter of 2015, and $222 million, or $.26 per common share, for the first quarter of 2015. During the first quarter of 201 ...
Hillenbrand, Inc. (Form: 8-K, Received: 02/16/2017
... competencies to spur faster and more profitable growth. Given that strategy, it is a natural consequence to incur related expenses, such as amortization from acquired intangible assets and additional interest expense from debt-funded acquisitions. Accordingly, we use Adjusted EBITDA, among other mea ...
... competencies to spur faster and more profitable growth. Given that strategy, it is a natural consequence to incur related expenses, such as amortization from acquired intangible assets and additional interest expense from debt-funded acquisitions. Accordingly, we use Adjusted EBITDA, among other mea ...
The Euro and the Geography of International Debt Flows
... plausible that the peripherals’ adoption of the euro somewhat lowered the perceived risks of restof-world lending to them – currency stability even against external currencies was more likely, and the peripherals’ access to core credit and ECB facilities might have reassured external lenders as to t ...
... plausible that the peripherals’ adoption of the euro somewhat lowered the perceived risks of restof-world lending to them – currency stability even against external currencies was more likely, and the peripherals’ access to core credit and ECB facilities might have reassured external lenders as to t ...
The price impact of rating announcements
... First, rating changes are often but not always preceded by other rating announcements that may anticipate the new rating. This is especially true of reviews, which as mentioned earlier typically result in a rating change within a few weeks. Second, rating agencies often do not act at the same time: ...
... First, rating changes are often but not always preceded by other rating announcements that may anticipate the new rating. This is especially true of reviews, which as mentioned earlier typically result in a rating change within a few weeks. Second, rating agencies often do not act at the same time: ...
Measuring Investment Distortions When Risk-Averse
... that the value of the project’s assets (e.g., the value of the cash flows from operations) is 20% of the value of the firm’s assets without the project, and that the firm finances the project by issuing new debt and equity in the same proportions as the firm’s outstanding debt and equity before it a ...
... that the value of the project’s assets (e.g., the value of the cash flows from operations) is 20% of the value of the firm’s assets without the project, and that the firm finances the project by issuing new debt and equity in the same proportions as the firm’s outstanding debt and equity before it a ...
The Urban Infrastructure Challenge in Canada: Making Greater Use
... infrastructure during this same period. Moreover, a heavy reliance on development charges and other “pay-as-yougo” schemes to finance infrastructure have downloaded costs onto new home buyers, placing upward pressure on household debt. The Bank of Canada says household debt has risen to worrisome le ...
... infrastructure during this same period. Moreover, a heavy reliance on development charges and other “pay-as-yougo” schemes to finance infrastructure have downloaded costs onto new home buyers, placing upward pressure on household debt. The Bank of Canada says household debt has risen to worrisome le ...
Annual and Semi-annual Reporting Instructions
... improvements for the benefit of real property. • Loans that are partly secured by the pledge or assignment of the borrower’s deposits or other credits with the lending company. • Closed end motor vehicle loans made to consumers for personal use. • Credit extended in connection with credit cards. • O ...
... improvements for the benefit of real property. • Loans that are partly secured by the pledge or assignment of the borrower’s deposits or other credits with the lending company. • Closed end motor vehicle loans made to consumers for personal use. • Credit extended in connection with credit cards. • O ...
Financial Leverage Does Not Cause the Leverage Effect
... and the representative agent covers the debt service by injecting capital into the firm when needed. The assumption can be justified by an infinitesimal, but positive, bankruptcy cost. As a consequence, debt claims are not subject to default risk. Hence, the payout claimed by the equityholders is eq ...
... and the representative agent covers the debt service by injecting capital into the firm when needed. The assumption can be justified by an infinitesimal, but positive, bankruptcy cost. As a consequence, debt claims are not subject to default risk. Hence, the payout claimed by the equityholders is eq ...
Small Firm Use of Debt: An Examination of the Smallest Small Firms
... Data for this study were drawn from the 1993 National Survey of Small Business Finances (NSSBF) conducted by the Federal Reserve and the U.S. Small Business Administration every five years. The 1993 NSSBF is the most recent for which data are publicly available. This study provides a national sample ...
... Data for this study were drawn from the 1993 National Survey of Small Business Finances (NSSBF) conducted by the Federal Reserve and the U.S. Small Business Administration every five years. The 1993 NSSBF is the most recent for which data are publicly available. This study provides a national sample ...
Overborrowing, Financial Crises and ‘Macro-prudential’ Policy ∗ Javier Bianchi
... This paper contributes to the recent literature in the intersection of Macroeconomics and Finance by developing a quantitative framework suitable for the normative analysis of overborrowing and macro-prudential policy. This task is challenging, because an accurate characterization of the macro impli ...
... This paper contributes to the recent literature in the intersection of Macroeconomics and Finance by developing a quantitative framework suitable for the normative analysis of overborrowing and macro-prudential policy. This task is challenging, because an accurate characterization of the macro impli ...