The Economic Origins of Democracy Reconsidered
... mitigates the risks of adverse political events such as confiscatory taxation for both native and foreign elite. Native rich have little to gain from resisting democracy since they can (and normatively should) diversify their risks. Incoming international (diversified) investors—the behavior of whom ...
... mitigates the risks of adverse political events such as confiscatory taxation for both native and foreign elite. Native rich have little to gain from resisting democracy since they can (and normatively should) diversify their risks. Incoming international (diversified) investors—the behavior of whom ...
Financial Markets
... Bond convexity........................................................................................ 65 4.4. Bond analysis .................................................................................................. 67 ...
... Bond convexity........................................................................................ 65 4.4. Bond analysis .................................................................................................. 67 ...
Bid-Ask Spreads in OTC Markets
... the customer’s information. If strategic dealing applies anywhere it likely applies in forex, since it has the world’s most active interdealer market. Our results indicate that this strategic dealing hypothesis does govern the way OTC dealers set markups for one customer group: brokers. What determi ...
... the customer’s information. If strategic dealing applies anywhere it likely applies in forex, since it has the world’s most active interdealer market. Our results indicate that this strategic dealing hypothesis does govern the way OTC dealers set markups for one customer group: brokers. What determi ...
A Guide to the London Precious Metals Markets
... In 1989 the London Platinum and Palladium Quotations were expanded and upgraded to full Fixings. ...
... In 1989 the London Platinum and Palladium Quotations were expanded and upgraded to full Fixings. ...
OTC guide - London Bullion Market Association
... In 1989 the London Platinum and Palladium Quotations were expanded and upgraded to full Fixings. ...
... In 1989 the London Platinum and Palladium Quotations were expanded and upgraded to full Fixings. ...
PALL CORP (PLL) 10-Q Quarterly report pursuant to sections 13 or
... In April 2009, the FASB issued authoritative guidance that requires publicly traded companies to provide disclosures about fair value of financial instruments in interim financial information. This new guidance is effective with the Company's first quarter of fiscal year 2010. See Note 13, Investmen ...
... In April 2009, the FASB issued authoritative guidance that requires publicly traded companies to provide disclosures about fair value of financial instruments in interim financial information. This new guidance is effective with the Company's first quarter of fiscal year 2010. See Note 13, Investmen ...
EY- Cash, capital and dividends
... 3. Can insurers continue to grow earnings and dividends in a low growth, low interest rate environment? 4. How are earnings and capital generation converted to free cash flow that is available to shareholders? 5. I s the insurer pricing new business rationally and “earning” its future margins e ...
... 3. Can insurers continue to grow earnings and dividends in a low growth, low interest rate environment? 4. How are earnings and capital generation converted to free cash flow that is available to shareholders? 5. I s the insurer pricing new business rationally and “earning” its future margins e ...
Financial Liberalization, Allocative Efficiency and Growth
... Given the empirical estimates of our model’s parameters, the admissible probability of a crisis next period can be as high as 50%. ...
... Given the empirical estimates of our model’s parameters, the admissible probability of a crisis next period can be as high as 50%. ...
Franklin Floating Rate Daily Access Fund Summary Prospectus
... The Fund normally invests at least 80% of its net assets in income-producing floating interest rate corporate loans and corporate debt securities made to or issued by U.S. companies, non-U.S. entities and U.S. subsidiaries of non-U.S. entities. Floating interest rates vary with and are periodically ...
... The Fund normally invests at least 80% of its net assets in income-producing floating interest rate corporate loans and corporate debt securities made to or issued by U.S. companies, non-U.S. entities and U.S. subsidiaries of non-U.S. entities. Floating interest rates vary with and are periodically ...
An Example of a Good Final Draft
... there is a threshold limit at which higher financial development actually becomes a burden to economic growth and slows the rate at which an economy can grow. The results of the study find that there is a threshold of approximately 88% of GDP for private sector credit above which there is a negative ...
... there is a threshold limit at which higher financial development actually becomes a burden to economic growth and slows the rate at which an economy can grow. The results of the study find that there is a threshold of approximately 88% of GDP for private sector credit above which there is a negative ...
Equilibrium Exchange Rates: a Guidebook for the Euro
... one outcome of this literature is to provide estimations of exchange-rate adjustments that are needed to unwind global imbalances. In this paper, different views of equilibrium exchange rates are compared within a single, stock-flow adjustment framework. We show how each concept corresponds to a par ...
... one outcome of this literature is to provide estimations of exchange-rate adjustments that are needed to unwind global imbalances. In this paper, different views of equilibrium exchange rates are compared within a single, stock-flow adjustment framework. We show how each concept corresponds to a par ...
Ownership structure and the performance of firms
... From this sample we collected data of ownership structure for 1995. In particular: ownership structure, the composition of the Board of Directors, the percentage of equity owned by the Board of Directors. 3.2. Pertinence of Measurements in Performance and Ownership structure As we sought to highligh ...
... From this sample we collected data of ownership structure for 1995. In particular: ownership structure, the composition of the Board of Directors, the percentage of equity owned by the Board of Directors. 3.2. Pertinence of Measurements in Performance and Ownership structure As we sought to highligh ...
Glossary of Local Government Financial Terms
... It is the limit on the total value of a local authority’s outstanding liabilities resulting from borrowing or other credit arrangements. The statutory basis for the ACL can be found in s.62 of the Local Government & Housing Act 1989. Aggregate external finance (AEF) The total level of support the Go ...
... It is the limit on the total value of a local authority’s outstanding liabilities resulting from borrowing or other credit arrangements. The statutory basis for the ACL can be found in s.62 of the Local Government & Housing Act 1989. Aggregate external finance (AEF) The total level of support the Go ...
Two Agency-Cost Explanations of Dividends
... o prosperous firms often withhold dividends because internal financing is cheaper than issuing dividends and floating new securities o however, dividends do not distinguish well-managed firms from others they are not irrational for poorly-managed or failing firms such firms should disinvest or l ...
... o prosperous firms often withhold dividends because internal financing is cheaper than issuing dividends and floating new securities o however, dividends do not distinguish well-managed firms from others they are not irrational for poorly-managed or failing firms such firms should disinvest or l ...
Corporate Financial Distress and Bankruptcy
... "prepetition" debt (debt-in-possession) and exempt the entity from any interest accrued on unsecured debt while the firm is in bankruptcy. Altman (1968) explores how fundamental financial data and equity market values can be combined to effectively predict whether firms would go bankrupt in the U.S. ...
... "prepetition" debt (debt-in-possession) and exempt the entity from any interest accrued on unsecured debt while the firm is in bankruptcy. Altman (1968) explores how fundamental financial data and equity market values can be combined to effectively predict whether firms would go bankrupt in the U.S. ...
ACCT350, Assignment 7c&d, College/University Accounting Exercise #2 (questions 1-6 only)
... been offset by increased grant aid to students. The majority of grant aid is funded from tuition and fee revenue. NACUBO found that, on average, 10.8 percent of institutional grants were funded by endowments. Net revenue of surveyed institutions is expected to grow just 0.4 percent per student next ...
... been offset by increased grant aid to students. The majority of grant aid is funded from tuition and fee revenue. NACUBO found that, on average, 10.8 percent of institutional grants were funded by endowments. Net revenue of surveyed institutions is expected to grow just 0.4 percent per student next ...
Misvaluation and Return Anomalies in Distressed Stocks
... investors fail to fully understand more sophisticated models. Hirshleifer and Teoh (2003) argue that limited attention and processing power may lead investors to ignore or underweight information that is important for an option-based model to produce unbiased valuations (for example, one of key inpu ...
... investors fail to fully understand more sophisticated models. Hirshleifer and Teoh (2003) argue that limited attention and processing power may lead investors to ignore or underweight information that is important for an option-based model to produce unbiased valuations (for example, one of key inpu ...
Annual Report - San Francisco Employees` Retirement System
... Basic Financial Statements............................................................... 15 Statements of Plan Net Position................................................... 15 Statements of Changes in Plan Net Position................................. 16 Notes to the Basic Financial Sta ...
... Basic Financial Statements............................................................... 15 Statements of Plan Net Position................................................... 15 Statements of Changes in Plan Net Position................................. 16 Notes to the Basic Financial Sta ...
Quantifying Informational Linkages in a Global Model of Currency
... they are by no means the dominant factor influencing global currency markets. At the one-day ahead horizon, heatwave effects account for between 13% and 80% of the forecast error variance of prices across markets with the remainder due to meteor showers. However, the equivalent range at the five-day ...
... they are by no means the dominant factor influencing global currency markets. At the one-day ahead horizon, heatwave effects account for between 13% and 80% of the forecast error variance of prices across markets with the remainder due to meteor showers. However, the equivalent range at the five-day ...
Do firms in countries with poor protection of investor rights hold more
... actions of firms and individuals. Recent papers examine how dividend, investment, asset composition, and capital structure policies are related to the quality of institutions.2 In this paper, we focus more directly on why firm policies depend on the quality of institutions. The quality of institutio ...
... actions of firms and individuals. Recent papers examine how dividend, investment, asset composition, and capital structure policies are related to the quality of institutions.2 In this paper, we focus more directly on why firm policies depend on the quality of institutions. The quality of institutio ...
Margin regulation and volatility - ECB
... to assess the quantitative impact of margin regulation. In this economy, agents can default on a short position at any time without any utility penalties or loss of reputation. Financial securities are therefore only traded if the promised payments associated with selling these securities are backed ...
... to assess the quantitative impact of margin regulation. In this economy, agents can default on a short position at any time without any utility penalties or loss of reputation. Financial securities are therefore only traded if the promised payments associated with selling these securities are backed ...
