Summary Prospectus - Select Sector SPDRs
... companies experience substantial declines in the valuations of their assets, take action to raise capital (such as the issuance of debt or equity securities), or cease operations. Credit losses resulting from financial difficulties of borrowers and financial losses associated with investment activit ...
... companies experience substantial declines in the valuations of their assets, take action to raise capital (such as the issuance of debt or equity securities), or cease operations. Credit losses resulting from financial difficulties of borrowers and financial losses associated with investment activit ...
Dynamic portfolio and mortgage choice for homeowners
... Research Agenda • For many investors, house is largest asset, and mortgage largest liability • Research questions – How does optimal financial portfolio depend on housing tenure and size? – What mortgage type to finance your house? – How to hedge house price/future housing cost risk? – When to own, ...
... Research Agenda • For many investors, house is largest asset, and mortgage largest liability • Research questions – How does optimal financial portfolio depend on housing tenure and size? – What mortgage type to finance your house? – How to hedge house price/future housing cost risk? – When to own, ...
Financial Globalization and Emerging Market Portfolios
... mid 1990’s. In the model, the emerging economy holds nominal bonds of the advanced economy, while issuing FDI-equity claims which are held by the advanced economy. We interpret nominal bond holdings as a measure of foreign exchange reserves. The model delivers explicit solutions for the value of FDI ...
... mid 1990’s. In the model, the emerging economy holds nominal bonds of the advanced economy, while issuing FDI-equity claims which are held by the advanced economy. We interpret nominal bond holdings as a measure of foreign exchange reserves. The model delivers explicit solutions for the value of FDI ...
Presentation - Federal Reserve Bank of New York
... No more need to forecast reserve demand and adjust accordingly the supply Small adjustments of reserves via OMO, as in pre-crisis framework, would not impact the federal funds rate With abundant reserves, the IOER could be used to control the target rate Interest rate ...
... No more need to forecast reserve demand and adjust accordingly the supply Small adjustments of reserves via OMO, as in pre-crisis framework, would not impact the federal funds rate With abundant reserves, the IOER could be used to control the target rate Interest rate ...
CONDITIONAL TAIL VARIANCE AND
... twolevel simulation procedure that produces a confidence interval for CVaR. A concept that is defined very closely to the CVaR is the expected shortfall (Acerbi and Tasche (2002)). The expected shortfall measurement result has been shown to be equivalent to the CVaR, even though it is defined ...
... twolevel simulation procedure that produces a confidence interval for CVaR. A concept that is defined very closely to the CVaR is the expected shortfall (Acerbi and Tasche (2002)). The expected shortfall measurement result has been shown to be equivalent to the CVaR, even though it is defined ...
Slide 1
... handheld devices, cellular baseband chipsets. Networking and communications products, optical components and ...
... handheld devices, cellular baseband chipsets. Networking and communications products, optical components and ...
Bohai Rim Economic Growth and Financial Development Analysis
... financial development is studied from the perspective of the amount, where the amount of targeted financial economic and financial level that is, the level of financial intermediary market, the current situation of the insurance market analysis. 4.1Bohai Rim degree of economic and financial situatio ...
... financial development is studied from the perspective of the amount, where the amount of targeted financial economic and financial level that is, the level of financial intermediary market, the current situation of the insurance market analysis. 4.1Bohai Rim degree of economic and financial situatio ...
NBER WORKING PAPER SERIES INFLATION, TAX RULES, AND THE STOCK MARKET
... IThe conclusion that inflation raises the nominal interest rate while leaving the real rate unchanged has been supported by a large number of studies. See Fisher (1930), Yohe and Karnovsky (1969), Feldstein and Eckstein (1970) and, more recently, Fama (1975) and Feldstein and Summers (1978). 2calcul ...
... IThe conclusion that inflation raises the nominal interest rate while leaving the real rate unchanged has been supported by a large number of studies. See Fisher (1930), Yohe and Karnovsky (1969), Feldstein and Eckstein (1970) and, more recently, Fama (1975) and Feldstein and Summers (1978). 2calcul ...
The National Wealth-Income Ratio in Greece, 1974 – 2013
... Data are taken from national sources; a thorough description of them and of the way they were collected is pursued in the appendix (A.1–A.7). Briefly, data on financial assets are obtained from the 1997-2013 Financial Accounts compiled by the Bank of Greece (BoG)5 . The Housing Price Index and the C ...
... Data are taken from national sources; a thorough description of them and of the way they were collected is pursued in the appendix (A.1–A.7). Briefly, data on financial assets are obtained from the 1997-2013 Financial Accounts compiled by the Bank of Greece (BoG)5 . The Housing Price Index and the C ...
This PDF is a selection from a published volume from... Economic Research Volume Title: Research Findings in the Economics of Aging
... implicit in the PVW projections. In a similar vein, another response to an overly rapid accumulation of 401(k) balances might be earlier retirement. Such a response would require a “re-reversal” of the recent rise in retirement age that appears to have broken the long-term decrease in retirement age ...
... implicit in the PVW projections. In a similar vein, another response to an overly rapid accumulation of 401(k) balances might be earlier retirement. Such a response would require a “re-reversal” of the recent rise in retirement age that appears to have broken the long-term decrease in retirement age ...
Modeling and forecasting electricity price jumps in the Nord Pool
... et al. (2015) extend the Independent Spike Model used to model the electricity price and find out that consumption can be used to forecast extreme events in the Nord Pool power market. This paper studies electricity prices from the Nord Pool power market. In the Nordic countries, more than 80% of th ...
... et al. (2015) extend the Independent Spike Model used to model the electricity price and find out that consumption can be used to forecast extreme events in the Nord Pool power market. This paper studies electricity prices from the Nord Pool power market. In the Nordic countries, more than 80% of th ...
Why Capital Markets Matter
... efficiently.” When you nod and smile cluelessly, they’ll clarify, “They help make markets.” All clear? In the wake of the economic crisis, many Americans are confused at best—and dubious at worst—about the value that capital markets provide to our economy. Unlike manufacturers or retailers, the fina ...
... efficiently.” When you nod and smile cluelessly, they’ll clarify, “They help make markets.” All clear? In the wake of the economic crisis, many Americans are confused at best—and dubious at worst—about the value that capital markets provide to our economy. Unlike manufacturers or retailers, the fina ...
financial markets group
... securities activities. Indeed, banks used to channel funds from low or mediumwealth households to most firms, whereas only high- wealth households invested in securities by directly purchasing the equities or bonds only issued by the few largest firms. Securitisation means that dealing in securities ...
... securities activities. Indeed, banks used to channel funds from low or mediumwealth households to most firms, whereas only high- wealth households invested in securities by directly purchasing the equities or bonds only issued by the few largest firms. Securitisation means that dealing in securities ...
what stock market returns to expect for the future?
... mitigated by the fact that U.S. corporations earn income from production and trade abroad, and individual investors also invest abroad. But, the other advanced economies are aging as well, and it is unclear how much investment opportunities in the less-developed countries will increase. On balance, ...
... mitigated by the fact that U.S. corporations earn income from production and trade abroad, and individual investors also invest abroad. But, the other advanced economies are aging as well, and it is unclear how much investment opportunities in the less-developed countries will increase. On balance, ...
Financial Maths Solutions
... depreciates by 20% p.a. The value of the motorbike after 4 years is: A $9216 B $11 520 C $13 500 D $18 000 ...
... depreciates by 20% p.a. The value of the motorbike after 4 years is: A $9216 B $11 520 C $13 500 D $18 000 ...
What Stock Market Returns to Expect for the Future
... mitigated by the fact that U.S. corporations earn income from production and trade abroad, and individual investors also invest abroad. But, the other advanced economies are aging as well, and it is unclear how much investment opportunities in the less-developed countries will increase. On balance, ...
... mitigated by the fact that U.S. corporations earn income from production and trade abroad, and individual investors also invest abroad. But, the other advanced economies are aging as well, and it is unclear how much investment opportunities in the less-developed countries will increase. On balance, ...
Audit Process
... Financial Audits Group Recently Added • Traditional efforts: – Sampling financial statements and data submissions – Requested company sorted data for analysis – Tariff compliance • New activities: – Broader scope & integrated – Capabilities from information technology • utility & independent web si ...
... Financial Audits Group Recently Added • Traditional efforts: – Sampling financial statements and data submissions – Requested company sorted data for analysis – Tariff compliance • New activities: – Broader scope & integrated – Capabilities from information technology • utility & independent web si ...
Coherent Distortion Risk Measures in Portfolio Selection
... uniform distribution. This is not a very limiting assumption if we restrict ourselves to discrete portfolio loss distributions, which is typically the case if we are obtaining distributional information via scenario generation or from historical data samples. In addition, given any arbitrary discret ...
... uniform distribution. This is not a very limiting assumption if we restrict ourselves to discrete portfolio loss distributions, which is typically the case if we are obtaining distributional information via scenario generation or from historical data samples. In addition, given any arbitrary discret ...