THE CHARLOTTE-MECKLENBURG HOSPITAL AUTHORITY
... respectively. This debt currently carries credit ratings of AA- with a stable outlook from Standard & Poor’s and Aa3 with a stable outlook from Moody’s Investors Service. Debt service (scheduled principal and interest payments, excluding refinancing activity) for 2014, 2013 and 2012 totaled $122,825 ...
... respectively. This debt currently carries credit ratings of AA- with a stable outlook from Standard & Poor’s and Aa3 with a stable outlook from Moody’s Investors Service. Debt service (scheduled principal and interest payments, excluding refinancing activity) for 2014, 2013 and 2012 totaled $122,825 ...
Bank and sovereign risk feedback loops
... take up of long-term re…nancing operations (LTROs) among European banks. They document that banks where this take up was larger also featured larger increases in their sovereign debt exposure.5 Drechsler et al. (2013) de…ne a haircut subsidy associated with using government bonds as collateral with ...
... take up of long-term re…nancing operations (LTROs) among European banks. They document that banks where this take up was larger also featured larger increases in their sovereign debt exposure.5 Drechsler et al. (2013) de…ne a haircut subsidy associated with using government bonds as collateral with ...
Italy: 2016 Article IV Consultation
... near-term growth, further build up buffers, enhance resilience, and bolster economic performance over the medium term. Directors welcomed the implementation of the Jobs Act and the approval of a framework law on public administration reform. They noted the high youth unemployment and low female labo ...
... near-term growth, further build up buffers, enhance resilience, and bolster economic performance over the medium term. Directors welcomed the implementation of the Jobs Act and the approval of a framework law on public administration reform. They noted the high youth unemployment and low female labo ...
Regulatory Notice 14-23
... Pursuant to Section 31 of the Act, FINRA and the national securities exchanges are required to pay transaction fees and assessments to the SEC that are designed to recover the costs related to the government’s supervision and regulation of the securities markets and securities professionals. See 15 ...
... Pursuant to Section 31 of the Act, FINRA and the national securities exchanges are required to pay transaction fees and assessments to the SEC that are designed to recover the costs related to the government’s supervision and regulation of the securities markets and securities professionals. See 15 ...
Special Comment US Executive Pay Structure and Metrics
... Moody’s believes the structure of executive pay affects credit quality and therefore comments on it in our Corporate Governance Assessment reports. Executive pay structures sometimes include incentives that increase credit risk, and undisciplined pay patterns may suggest senior management’s accounta ...
... Moody’s believes the structure of executive pay affects credit quality and therefore comments on it in our Corporate Governance Assessment reports. Executive pay structures sometimes include incentives that increase credit risk, and undisciplined pay patterns may suggest senior management’s accounta ...
From agent-based models to artificial economies: the Eurace approach for policy
... rationality and rational expectations is the literature on learning agents [Evans and Honkapohja, 2001, Slobodyan and Wouters, 2009]. In another line of critique, because of the assumed equivalence between the micro and the macro behavior, phenomena like coordination failures and the fallacy of comp ...
... rationality and rational expectations is the literature on learning agents [Evans and Honkapohja, 2001, Slobodyan and Wouters, 2009]. In another line of critique, because of the assumed equivalence between the micro and the macro behavior, phenomena like coordination failures and the fallacy of comp ...
The Use of Financial Derivatives by Canadian Firms
... financial risk to which they are exposed. While financial corporations are the most significant participants in derivatives markets, non-financial Canadian corporations are also important; for example, they are counterparties to around 15 per cent of the turnover in foreign exchange (FX) derivatives ...
... financial risk to which they are exposed. While financial corporations are the most significant participants in derivatives markets, non-financial Canadian corporations are also important; for example, they are counterparties to around 15 per cent of the turnover in foreign exchange (FX) derivatives ...
When are consumer loans collateralized in emerging markets
... While there is a significant amount of research addressing the role as well as the determinants of collateral for commercial loans, there is little empirical work on the factors that affect decisions to pledge collateral for consumer loans. Theoreticians have argued that collateralization is a usefu ...
... While there is a significant amount of research addressing the role as well as the determinants of collateral for commercial loans, there is little empirical work on the factors that affect decisions to pledge collateral for consumer loans. Theoreticians have argued that collateralization is a usefu ...
Center for Economic Policy Analysis A Minskian Analysis of
... become more risk averse and cut exposure by decreasing loans for consumption and investment (Minsky 1995b, 198). The decline in granting new loans and in refinancing old ones means the supply of finance drops, and, so, investment drops. As investment drops, profit falls, further diminishing the cash ...
... become more risk averse and cut exposure by decreasing loans for consumption and investment (Minsky 1995b, 198). The decline in granting new loans and in refinancing old ones means the supply of finance drops, and, so, investment drops. As investment drops, profit falls, further diminishing the cash ...
Quantifying Liquidity and Default Risks of Corporate Bonds over the
... the endogenous positive spiral between default and liquidity. For instance, “liquidity-drivendefault” is driven by the rollover risk mechanism in that firms relying on finite-maturity debt financing will default earlier when facing worsening secondary market liquidity. We show that these interactio ...
... the endogenous positive spiral between default and liquidity. For instance, “liquidity-drivendefault” is driven by the rollover risk mechanism in that firms relying on finite-maturity debt financing will default earlier when facing worsening secondary market liquidity. We show that these interactio ...
Information for investors
... Market risks are defined as potential losses caused by external influences on the value of an investor’s assets, and arise due to changes or adverse movements in prices on financial markets. Market risk is the possibility of losses resulting from unexpected and adverse changes in market prices and f ...
... Market risks are defined as potential losses caused by external influences on the value of an investor’s assets, and arise due to changes or adverse movements in prices on financial markets. Market risk is the possibility of losses resulting from unexpected and adverse changes in market prices and f ...
A Partial Internal Model for Credit and Market Risk Under Solvency II
... This excessive risk-taking creates room for an endogenous amplification of exogenous shocks. (Lorent, 2008) Liquidity risk is typically ignored when analysing underwriting risks, since policyholders do not have the same rights as depositors of a bank. For example, policyholders often have to pay com ...
... This excessive risk-taking creates room for an endogenous amplification of exogenous shocks. (Lorent, 2008) Liquidity risk is typically ignored when analysing underwriting risks, since policyholders do not have the same rights as depositors of a bank. For example, policyholders often have to pay com ...
Repos - LexisNexis UK
... into in respect of liquid assets with low volatility, for example government debt securities. These types of asset were acceptable collateral for the repo buyer, since they are relatively easy to value and liquidate in the event of a default by the repo seller. The repo seller would benefit from the ...
... into in respect of liquid assets with low volatility, for example government debt securities. These types of asset were acceptable collateral for the repo buyer, since they are relatively easy to value and liquidate in the event of a default by the repo seller. The repo seller would benefit from the ...
Explain what is meant by the term structure of interest rates. Critically
... only case where the future short‐term rates are expected to remain unchanged is when the yield curve is flat. Now we can understand why this theory explains empirical facts one and two but not the third one. According to the first fact, interest rates on bonds with different maturities move tog ...
... only case where the future short‐term rates are expected to remain unchanged is when the yield curve is flat. Now we can understand why this theory explains empirical facts one and two but not the third one. According to the first fact, interest rates on bonds with different maturities move tog ...
PCC Financial Ratios for Fiscal Years 2007-2016
... Measures total economic return. While an increasing trend reflects strength, a decline may be appropriate and even warranted if it represents a strategy on the part of the institution to fulfill its mission. The numerator for this ratio is change in net assets and the denominator is total net assets ...
... Measures total economic return. While an increasing trend reflects strength, a decline may be appropriate and even warranted if it represents a strategy on the part of the institution to fulfill its mission. The numerator for this ratio is change in net assets and the denominator is total net assets ...
The Securitization of U.S. Bank Activities in the Eurodollar Market
... and warranties typically found in a Eurodollar loan agreement. The subscription agreement, however, pursuant to which the managers of an FRN issue commit to purchase any unsubscribed notes,8 generally does contain representations and warranties running in favor of the managers. 9 Upon the satisfacti ...
... and warranties typically found in a Eurodollar loan agreement. The subscription agreement, however, pursuant to which the managers of an FRN issue commit to purchase any unsubscribed notes,8 generally does contain representations and warranties running in favor of the managers. 9 Upon the satisfacti ...
Demand for SME finance - Greater London Authority
... but reinforced the fact that demand is, and will continue to, outstrip supply. The situation is fairly fluid, as there has been a marked rise over the last two years in the rate at which new business angel/HNW individuals have entered the market, and new funds have been marketed in London with diffe ...
... but reinforced the fact that demand is, and will continue to, outstrip supply. The situation is fairly fluid, as there has been a marked rise over the last two years in the rate at which new business angel/HNW individuals have entered the market, and new funds have been marketed in London with diffe ...
BBY Conference Presentation 14 Sept 2010
... it has minimal exposure to volatile beef feed markets Performance not linked to the size of the grain crop and so earnings less volatile Performance not linked to grain prices (apart from impacts on working capital) Sales dollars are linked to grain prices but profitability is driven by volume ...
... it has minimal exposure to volatile beef feed markets Performance not linked to the size of the grain crop and so earnings less volatile Performance not linked to grain prices (apart from impacts on working capital) Sales dollars are linked to grain prices but profitability is driven by volume ...
5 Comparison with the Previous Convergence Programme and
... By the end of 2006, a proposal will be filed for legislative changes leading to another reduction of at least 20% in administrative costs. The obligation to evaluate the impact on businesses relating to all draft acts prepared by the ministries and other state authorities will be introduced in 2007. ...
... By the end of 2006, a proposal will be filed for legislative changes leading to another reduction of at least 20% in administrative costs. The obligation to evaluate the impact on businesses relating to all draft acts prepared by the ministries and other state authorities will be introduced in 2007. ...
A New Heuristic Measure of Fragility and Tail Risks
... risks, not only of the probability of Black Swans (large impact, unforeseen, random events), but of the financial system’s fragility to them. For example, the potential for bank losses and disruption of bank funding markets due to deterioration in the U.S. subprime housing market, or the potential f ...
... risks, not only of the probability of Black Swans (large impact, unforeseen, random events), but of the financial system’s fragility to them. For example, the potential for bank losses and disruption of bank funding markets due to deterioration in the U.S. subprime housing market, or the potential f ...