Resocializing Capital: Putting Pension Savings in the Service of
... drivers of financial globalization, there are good reasons to investigate how these savings could contribute to a more equitable accessibility of capital. Currently a number of ways are being considered to use these savings for the pursuance of atypical investment opportunities. For good reasons, so ...
... drivers of financial globalization, there are good reasons to investigate how these savings could contribute to a more equitable accessibility of capital. Currently a number of ways are being considered to use these savings for the pursuance of atypical investment opportunities. For good reasons, so ...
Moore lcr08 7952932 en
... liquidity across assets. Our purpose is to understand how aggregate production and asset prices ‡uctuate with recurrent shocks to productivity and liquidity. In so doing, we want to …nd out what role government policy might have through open market operations that change the mix of assets held by th ...
... liquidity across assets. Our purpose is to understand how aggregate production and asset prices ‡uctuate with recurrent shocks to productivity and liquidity. In so doing, we want to …nd out what role government policy might have through open market operations that change the mix of assets held by th ...
"Growth in the Shadow of Expropriation"
... Our paper also relates to the literature on optimal government taxation with limited commitment. Important papers in this literature are Benhabib and Rustichini (1997) and Phelan and Stacchetti (2001), who share our focus on self-enforcing equilibria supported by trigger strategies (a parallel liter ...
... Our paper also relates to the literature on optimal government taxation with limited commitment. Important papers in this literature are Benhabib and Rustichini (1997) and Phelan and Stacchetti (2001), who share our focus on self-enforcing equilibria supported by trigger strategies (a parallel liter ...
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... European market deregulation is destabilizing the economic environment of French agricultural cooperatives, which in turn affects the relationship between agricultural cooperatives and their members. Furthermore, members are more and more heterogeneous (e.g., differences in farm size, farm technolog ...
... European market deregulation is destabilizing the economic environment of French agricultural cooperatives, which in turn affects the relationship between agricultural cooperatives and their members. Furthermore, members are more and more heterogeneous (e.g., differences in farm size, farm technolog ...
Belief Heterogeneity, Collateral Constraint, and Asset Prices with a
... including Heathcote and Perri (2011). The movement in wealth distribution also generates the patterns of booms and busts observed in Burnside, Eichenbaum, and Rebelo (2011). The second set of results that follows from this framework concerns collateral shortages. I show that collateral constraints w ...
... including Heathcote and Perri (2011). The movement in wealth distribution also generates the patterns of booms and busts observed in Burnside, Eichenbaum, and Rebelo (2011). The second set of results that follows from this framework concerns collateral shortages. I show that collateral constraints w ...
Who are the Value and Growth Investors?
... top and bottom deciles. We document that the value tilt of household portfolios is strongly related to financial and demographic characteristics. Value investors are substantially older, tend to have higher financial wealth, higher real estate wealth, lower leverage, lower income risk, lower human c ...
... top and bottom deciles. We document that the value tilt of household portfolios is strongly related to financial and demographic characteristics. Value investors are substantially older, tend to have higher financial wealth, higher real estate wealth, lower leverage, lower income risk, lower human c ...
Defaultable Debt, Interest Rates, and the Current Account
... and the current account. This is because, on the one hand, an increase in borrowing in good states (countercyclical current account) will, all else being equal, imply a movement along the heuristic ``loan supply curveʹʹ and a sharp rise in the interest rate. On the other hand, if the good state i ...
... and the current account. This is because, on the one hand, an increase in borrowing in good states (countercyclical current account) will, all else being equal, imply a movement along the heuristic ``loan supply curveʹʹ and a sharp rise in the interest rate. On the other hand, if the good state i ...
The volatility of banks in the financial crisis
... and that all have a negative relation with volatility. We will see that the GDP growth rate has the biggest influence on banks’ volatility and the exchange rate will eventually be not significant and therefore does not have a great impact on the volatility of banks. Furthermore we will see that the ...
... and that all have a negative relation with volatility. We will see that the GDP growth rate has the biggest influence on banks’ volatility and the exchange rate will eventually be not significant and therefore does not have a great impact on the volatility of banks. Furthermore we will see that the ...
77 Illustration 1 : Cost of Irredeemable Debtntures : Borrower Ltd
... iii) Ke = Market Price per Share + g. It is given that Ke = 16% = ...
... iii) Ke = Market Price per Share + g. It is given that Ke = 16% = ...
The Relationship between Information Asymmetry and Stock Return
... these studies sought to examine the relationship between these variables, which found that there is a positive relationship between risk, trading volume, and stock return. Also (Wang et al., 2005) tested the relationship between the behavior of market stock returns, volatility of returns (Risk), and ...
... these studies sought to examine the relationship between these variables, which found that there is a positive relationship between risk, trading volume, and stock return. Also (Wang et al., 2005) tested the relationship between the behavior of market stock returns, volatility of returns (Risk), and ...
"The Alpha and Omega of Hedge Fund Performance Measurement"
... and Williams (1997), Dimson (1979), Asness, Krail and Liew (2001)). Because hedge fund portfolios typically involve nonlinear and/or dynamic positions in standard asset classes, we also apply Leland (1999) performance measurement for situations when the portfolio returns are highly nonlinear in the ...
... and Williams (1997), Dimson (1979), Asness, Krail and Liew (2001)). Because hedge fund portfolios typically involve nonlinear and/or dynamic positions in standard asset classes, we also apply Leland (1999) performance measurement for situations when the portfolio returns are highly nonlinear in the ...
Revista Română de Statistică Supliment
... Another Un alt criterion making us to anticipate that the second developed model (Model 2), is more performing in order to estimate the evolution of the economic growth, is given by a cumulus of statistical criteria, such as Akaike, Schwarz and Hannan-Quinn. Although, when comparing the two models b ...
... Another Un alt criterion making us to anticipate that the second developed model (Model 2), is more performing in order to estimate the evolution of the economic growth, is given by a cumulus of statistical criteria, such as Akaike, Schwarz and Hannan-Quinn. Although, when comparing the two models b ...
Alberta Capital Finance Authority
... Loan growth in 2016 was up slightly by $118 million from 2015 with new loans issued of $1,577 million. Of the new loans issued, financing was most significantly focused on projects related to airport infrastructure, parks and recreation projects, sewer and water infrastructure and roads and sidewalk ...
... Loan growth in 2016 was up slightly by $118 million from 2015 with new loans issued of $1,577 million. Of the new loans issued, financing was most significantly focused on projects related to airport infrastructure, parks and recreation projects, sewer and water infrastructure and roads and sidewalk ...
real-world economics review
... discipline (or any educated person for that matter) adhere to an ideology and refuse to abandon it in the face of evidence undermining its tenets? In the language of social psychology such a state of affairs involves an inconsistency in “cognitions,” (i.e., “…any knowledge, opinion, or belief about ...
... discipline (or any educated person for that matter) adhere to an ideology and refuse to abandon it in the face of evidence undermining its tenets? In the language of social psychology such a state of affairs involves an inconsistency in “cognitions,” (i.e., “…any knowledge, opinion, or belief about ...
Securitisation-Markets
... mortgages from the lenders that had originated them, with the interest payments on the mortgages serving to repay the government. Then in the 1960s, investment bankers hit upon an idea for tapping private investment by turning mortgages into securities, rather than buying and selling individual mort ...
... mortgages from the lenders that had originated them, with the interest payments on the mortgages serving to repay the government. Then in the 1960s, investment bankers hit upon an idea for tapping private investment by turning mortgages into securities, rather than buying and selling individual mort ...
Causes of Financial Distress - This Webs.com site has not yet been
... The many years of DFI mismanagement and lack of adequate funding from government is clearly reflected in the firms they have funded. For example, in Uchumi Supermarket Ltd, where ICDC has a shareholding of 32%, it has been experiencing financial and operational difficulties occasioned by sub-optimal ...
... The many years of DFI mismanagement and lack of adequate funding from government is clearly reflected in the firms they have funded. For example, in Uchumi Supermarket Ltd, where ICDC has a shareholding of 32%, it has been experiencing financial and operational difficulties occasioned by sub-optimal ...
The role of the Riksbank in Swedish society (Central Bank Articles
... secure efficient payment system that characterises the monetary policy decision-making process. An important component of this strategy is the production and publication of a report on financial stability a couple of times a year. This report goes systematically through the risk factors that could l ...
... secure efficient payment system that characterises the monetary policy decision-making process. An important component of this strategy is the production and publication of a report on financial stability a couple of times a year. This report goes systematically through the risk factors that could l ...
Taste, information, and asset prices: Implications for the valuation of
... a setting with both Bayesian and heuristic users of the disclosures. Their users are not necessarily investors and, as such, they do not model a capital market or pricing mechanism explicitly. In contrast, we focus on a capital market setting with symmetric information to show how information a¤ects ...
... a setting with both Bayesian and heuristic users of the disclosures. Their users are not necessarily investors and, as such, they do not model a capital market or pricing mechanism explicitly. In contrast, we focus on a capital market setting with symmetric information to show how information a¤ects ...
NBER WORKING PAPER SERIES TIME PREFERENCE AND INTERNATIONAL LENDING GENERATIONS MODEL
... The welfare of the old generation alive when the two autarkic countries join in open economy is unaffected by this international economic integration. The welfare of the young generation in the country with the high pure rate of time preference is lower under openness than under autarky, while in th ...
... The welfare of the old generation alive when the two autarkic countries join in open economy is unaffected by this international economic integration. The welfare of the young generation in the country with the high pure rate of time preference is lower under openness than under autarky, while in th ...
