Is Quantitative Easing working?
... If anything, low interest rates are increasingly part of the problem rather than the solution. Perversely, they may be turning the world’s largest companies into capital distributors rather than investors. Perhaps rates should be allowed to rise back to more natural levels. This might be painful at ...
... If anything, low interest rates are increasingly part of the problem rather than the solution. Perversely, they may be turning the world’s largest companies into capital distributors rather than investors. Perhaps rates should be allowed to rise back to more natural levels. This might be painful at ...
Which nations are building the strongest foundations for
... commodity prices, the political crises of security and migration, financial imbalance from a slowing China, unprecedented volatility in currency markets and the ever-present threat of climate change. In this uncertain environment investors, developers and policy makers need to assess whether the glo ...
... commodity prices, the political crises of security and migration, financial imbalance from a slowing China, unprecedented volatility in currency markets and the ever-present threat of climate change. In this uncertain environment investors, developers and policy makers need to assess whether the glo ...
Risk Perceptions, Directional Goals and the Link between Risk and
... participants is assigned to consider a prospective investment in the firm’s stock (and thus do not have a directional goal). We also vary the observability of the inputs to a fair value estimate (i.e., Level 2 and Level 3 in the fair value hierarchy in ASC 820 [FASB 2014]). Level 3 estimates are th ...
... participants is assigned to consider a prospective investment in the firm’s stock (and thus do not have a directional goal). We also vary the observability of the inputs to a fair value estimate (i.e., Level 2 and Level 3 in the fair value hierarchy in ASC 820 [FASB 2014]). Level 3 estimates are th ...
Correlation Between Company`s Returns, Market and Book Value
... surrounding the company. The growth of recovery and economic prosperity in the economy has a positive effect on the market value of the shares, in addition to what is published in terms of domestic or international political news, and as expected from conditions of war or peace which would suggest t ...
... surrounding the company. The growth of recovery and economic prosperity in the economy has a positive effect on the market value of the shares, in addition to what is published in terms of domestic or international political news, and as expected from conditions of war or peace which would suggest t ...
Financial Markets and the Financing Choice of Firms
... practice, however, the existence of significant flotation costs implies fluctuation of the debtequity ratios around their target level, over time. Clearly any empirical work needs to identify this target level and how it might change due to exogenous shocks. However, since the target level is unobs ...
... practice, however, the existence of significant flotation costs implies fluctuation of the debtequity ratios around their target level, over time. Clearly any empirical work needs to identify this target level and how it might change due to exogenous shocks. However, since the target level is unobs ...
Outlook 2016
... this trend. 5. The end of easy (destructive) monetary policy Many can point to historical instances where a period of tightening in US monetary policy is typically accompanied by pain in emerging markets. This time is no different. Since 2013, the Fed’s intention to disengage from easy monetary poli ...
... this trend. 5. The end of easy (destructive) monetary policy Many can point to historical instances where a period of tightening in US monetary policy is typically accompanied by pain in emerging markets. This time is no different. Since 2013, the Fed’s intention to disengage from easy monetary poli ...
Stock Market Volatility and Monetary Regime Change:
... (2006, 2007a, 2007b) argues that the lender of last resort legislation was important in preventing a large scale US financial crisis following the outbreak of World War I. He points out that the Aldrich-Vreeland Act contained provisions that allowed the private sector to respond quickly to a financ ...
... (2006, 2007a, 2007b) argues that the lender of last resort legislation was important in preventing a large scale US financial crisis following the outbreak of World War I. He points out that the Aldrich-Vreeland Act contained provisions that allowed the private sector to respond quickly to a financ ...
Euromoney Institutional Investor PLC acquires Total Derivatives
... 31 December 2005, Total Derivatives’ audited gross assets were £1.5 million. The acquisition will be financed from Euromoney’s existing borrowing facility. It is expected to be earnings-enhancing for Euromoney for its financial year ending 30 September 2007. ...
... 31 December 2005, Total Derivatives’ audited gross assets were £1.5 million. The acquisition will be financed from Euromoney’s existing borrowing facility. It is expected to be earnings-enhancing for Euromoney for its financial year ending 30 September 2007. ...
Source Bloomberg Commodity Ex
... with UCITS guidelines and Source policies, the exposure to any derivative counterparty is tightly controlled but the default of a derivative counterparty may cause a loss to the Fund. It is recommended that potential investors study the Fund prospectus before investing. Lack of track record: Neither ...
... with UCITS guidelines and Source policies, the exposure to any derivative counterparty is tightly controlled but the default of a derivative counterparty may cause a loss to the Fund. It is recommended that potential investors study the Fund prospectus before investing. Lack of track record: Neither ...
II. How to Read a Mutual Fund Prospectus
... securities), income (interest and dividends earned on the securities) or a combination of both. Money Market: A money market fund seeks safety of principal by investing in high quality, short-term securities. This type of fund is designed with the aim that an investor's principal should not decrease ...
... securities), income (interest and dividends earned on the securities) or a combination of both. Money Market: A money market fund seeks safety of principal by investing in high quality, short-term securities. This type of fund is designed with the aim that an investor's principal should not decrease ...
“Financial Markets, Institutions and Policies in the context of
... rates are determined. The foreign-exchange markets underpin all other financial markets. They directly influence each country’s foreign-trade patterns, determine the flow of international investment and affect domestic interest and inflation rates. They operate in every corner of the world, in every ...
... rates are determined. The foreign-exchange markets underpin all other financial markets. They directly influence each country’s foreign-trade patterns, determine the flow of international investment and affect domestic interest and inflation rates. They operate in every corner of the world, in every ...
capital and speculation in emerging market economies
... and large matched repayment capacity. As regards the investor base, the globalisation of markets for emerging market securities has continued to broaden. Latin American securities were increasingly being sold in European and Asian markets. Similarly, with the growing involvement of mainstream instit ...
... and large matched repayment capacity. As regards the investor base, the globalisation of markets for emerging market securities has continued to broaden. Latin American securities were increasingly being sold in European and Asian markets. Similarly, with the growing involvement of mainstream instit ...
Currency Strategy 2016-09
... Most events have one thing in common; that today’s global economy remains fragile and capital flows face few boundaries with regulators still operating only at nation state level. It is therefore perhaps not surprising to hear calls for greater protectionism from Donald Trump, the US Republican pres ...
... Most events have one thing in common; that today’s global economy remains fragile and capital flows face few boundaries with regulators still operating only at nation state level. It is therefore perhaps not surprising to hear calls for greater protectionism from Donald Trump, the US Republican pres ...
econstor
... The rest of the paper is organized as follows: In section 2 we define the economy of the model and in section 3 we use the contingent claims valuation technique to derive analytical functions for the levered firm and debt value. In section 4 we estimate the model’s parameters and analyze implication ...
... The rest of the paper is organized as follows: In section 2 we define the economy of the model and in section 3 we use the contingent claims valuation technique to derive analytical functions for the levered firm and debt value. In section 4 we estimate the model’s parameters and analyze implication ...
Aareal Bank Group – Interim Report Q1/2015
... Aareal Bank Group is ideally placed to deal with a rapidly-changing market and competitive environment. This was not least evidenced by the acquisition of Westdeutsche Immobilienbank (WestImmo), Aareal Bank’s second major acquisition within just over twelve months – a purchase which we are financin ...
... Aareal Bank Group is ideally placed to deal with a rapidly-changing market and competitive environment. This was not least evidenced by the acquisition of Westdeutsche Immobilienbank (WestImmo), Aareal Bank’s second major acquisition within just over twelve months – a purchase which we are financin ...
In recent years, the personal saving rate in the
... fell 7%, while total net worth declined by 10%. The largest contributing factor to these declines was a 15% fall in the market value of the financial assets of households. During this period, the personal saving rate ceased its sharp decline but did not reverse course.This suggests that, while all o ...
... fell 7%, while total net worth declined by 10%. The largest contributing factor to these declines was a 15% fall in the market value of the financial assets of households. During this period, the personal saving rate ceased its sharp decline but did not reverse course.This suggests that, while all o ...
SANDERS MORRIS HARRIS GROUP INC
... Forward-looking statements are typically identified by the words “expect”, “believe”, anticipate”, “intend”, “estimate” and other similar expressions. These statements are subject to risks and uncertainties. Actual results may differ materially due to a variety of factors, including legislative or r ...
... Forward-looking statements are typically identified by the words “expect”, “believe”, anticipate”, “intend”, “estimate” and other similar expressions. These statements are subject to risks and uncertainties. Actual results may differ materially due to a variety of factors, including legislative or r ...
List of Non-Reporting Financial Institutions
... Investment advisers, who solely render investment advice to customers and do not otherwise undertake investment services or maintain financial accounts, are likely to be NFEs as they are service providers and will not meet the “financial assets” test. ...
... Investment advisers, who solely render investment advice to customers and do not otherwise undertake investment services or maintain financial accounts, are likely to be NFEs as they are service providers and will not meet the “financial assets” test. ...
Global Financial Stability Report(Chapter 1): Potent Policies for
... equity indices had dropped by 10 percent or more in some exchanges: Japan’s Nikkei had lost 11 percent as of March 3, China’s Shanghai Composite was down 20 percent, and Frankfurt’s DAX had lost almost 10 percent. Despite the recovery since the lows in February, these losses suggest that the underpi ...
... equity indices had dropped by 10 percent or more in some exchanges: Japan’s Nikkei had lost 11 percent as of March 3, China’s Shanghai Composite was down 20 percent, and Frankfurt’s DAX had lost almost 10 percent. Despite the recovery since the lows in February, these losses suggest that the underpi ...