SEEN ON SCREEN TV INC. (Form: 10-Q, Received
... Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered ...
... Under the supervision and with the participation of our management, including the Principal Executive Officer and Principal Financial Officer, we have evaluated the effectiveness of our disclosure controls and procedures as required by Exchange Act Rule 13a-15(b) as of the end of the period covered ...
Zombie Economics: How Dead Ideas Still Walk
... ºÂº the Efficient Markets Hypothesis: the idea that the prices generated by financial markets represent the best possible estimate of the value of any investment; ºÂº Dynamic Stochastic General Equilibrium: the idea that macroÂ� economic analysis should not concern itself with economic aggregates li ...
... ºÂº the Efficient Markets Hypothesis: the idea that the prices generated by financial markets represent the best possible estimate of the value of any investment; ºÂº Dynamic Stochastic General Equilibrium: the idea that macroÂ� economic analysis should not concern itself with economic aggregates li ...
Rock around the Clock: An Agent-Based Model of - Gredeg
... price volatility as well as the occurrence and the duration of flash crashes in financial markets. The increased frequency and severity of flash crashes and the high volatility of prices observed in financial time series have recently been associated to the rising importance of high-frequency tradin ...
... price volatility as well as the occurrence and the duration of flash crashes in financial markets. The increased frequency and severity of flash crashes and the high volatility of prices observed in financial time series have recently been associated to the rising importance of high-frequency tradin ...
Carry Trade and Financial Crisis
... are discovered in portfolios of banks and hedge funds around the world, from BNP Paribas to Bank of China. Many lenders stop offering home equity loans and "stated income" loans.4 Huge losses were incurred in fixed income and equity portfolios. Investors tried to reduce their exposure to risk such a ...
... are discovered in portfolios of banks and hedge funds around the world, from BNP Paribas to Bank of China. Many lenders stop offering home equity loans and "stated income" loans.4 Huge losses were incurred in fixed income and equity portfolios. Investors tried to reduce their exposure to risk such a ...
3-1
... • Total asset turnover – asset use efficiency • Financial leverage – choice of optimal debt ratio • Dividend policy – choice of how much to pay to shareholders versus reinvesting in the firm Return to Quiz ...
... • Total asset turnover – asset use efficiency • Financial leverage – choice of optimal debt ratio • Dividend policy – choice of how much to pay to shareholders versus reinvesting in the firm Return to Quiz ...
International Financial Integration and Crisis Contagion ∗ Michael B. Devereux Changhua Yu
... While we find that financial crises are more likely in an integrated world financial market, crises are much less severe in terms of lost output and consumption than those in financial autarky. During ‘normal times’ (or in the absence of crises), the impact of financial integration is rather small ...
... While we find that financial crises are more likely in an integrated world financial market, crises are much less severe in terms of lost output and consumption than those in financial autarky. During ‘normal times’ (or in the absence of crises), the impact of financial integration is rather small ...
NBER WORKING PAPER SERIES Hanno Lustig Yi-Li Chien
... of risk and interest rates are i.i.d. over time when aggregate consumption growth is i.i.d. over time. This version of the model does not contribute any dynamics endogenously. As a result, the standard deviation of stock returns is obviously much too small in this two-agent model, since there is no ...
... of risk and interest rates are i.i.d. over time when aggregate consumption growth is i.i.d. over time. This version of the model does not contribute any dynamics endogenously. As a result, the standard deviation of stock returns is obviously much too small in this two-agent model, since there is no ...
Chap11
... International Portfolio Risk Reduction Movements of stock prices across across countries are not perfectly correlated. Reflects two factors: Countries pursue different macroeconomic policies and face different economic conditions. Different stock markets are segmented by capital controls. ...
... International Portfolio Risk Reduction Movements of stock prices across across countries are not perfectly correlated. Reflects two factors: Countries pursue different macroeconomic policies and face different economic conditions. Different stock markets are segmented by capital controls. ...
chap018_8e - Homework Market
... • Large multinational firms may need to manage the exchange rate risk associated with several different currencies • The firm needs to consider its net exposure to currency risk instead of just looking at each currency separately • Hedging individual currencies could be expensive and may actually in ...
... • Large multinational firms may need to manage the exchange rate risk associated with several different currencies • The firm needs to consider its net exposure to currency risk instead of just looking at each currency separately • Hedging individual currencies could be expensive and may actually in ...
Global Real Assets Launches Direct Real Asset Investment Platform
... J.P. Morgan Asset Management is part of JPMorgan Chase & Co. and is a global asset management leader providing world-class investment solutions to clients. With US$1.7 trillion in assets under management (the Asset Management client funds of JPMorgan Chase & Co. as at September 30, 2014) and offices ...
... J.P. Morgan Asset Management is part of JPMorgan Chase & Co. and is a global asset management leader providing world-class investment solutions to clients. With US$1.7 trillion in assets under management (the Asset Management client funds of JPMorgan Chase & Co. as at September 30, 2014) and offices ...
The Trouble with Regulatory Precedent
... or requirement for the strict application of past decisions in current decision-making processes – is sometimes heard. At one level this might simply be interpreted as a reasonable desire for a degree of certainty in the application of regulatory practice and principles. In the extreme, or if applie ...
... or requirement for the strict application of past decisions in current decision-making processes – is sometimes heard. At one level this might simply be interpreted as a reasonable desire for a degree of certainty in the application of regulatory practice and principles. In the extreme, or if applie ...
Download Second Paper
... sea level rise takes place, could the value of real estate capital be severely impacted? Miami provides a salient example. This metro area is home to six million people. The city is located six feet above sea level. In summer 2013, Rolling Stone magazine published a long front page article claiming ...
... sea level rise takes place, could the value of real estate capital be severely impacted? Miami provides a salient example. This metro area is home to six million people. The city is located six feet above sea level. In summer 2013, Rolling Stone magazine published a long front page article claiming ...
The buck stops here: Vanguard money market funds Factor
... risk of a broad market-cap-weighted stock portfolio is the market factor, also called equity risk. That is, we can consider market exposure as a factor. In this case, not only does the factor exposure influence the risk of a market-cap portfolio, but it has also earned a return premium relative to a ...
... risk of a broad market-cap-weighted stock portfolio is the market factor, also called equity risk. That is, we can consider market exposure as a factor. In this case, not only does the factor exposure influence the risk of a market-cap portfolio, but it has also earned a return premium relative to a ...
Financial integration in the four Basins: a quantitative comparison
... In the 1990s, capital account liberalization was an important part of the market reforms introduced by governments in the transition economies6. Because of the capital account liberalization, these countries attracted large amounts of foreign capital and the main benefit was the development of their ...
... In the 1990s, capital account liberalization was an important part of the market reforms introduced by governments in the transition economies6. Because of the capital account liberalization, these countries attracted large amounts of foreign capital and the main benefit was the development of their ...
Evaluation Cultures? On Invoking `Culture` in the Analysis of
... redeeming the mortgage early). ‘The American mortgage’ thus both protects mortgagors from interest-rate rises and gives them the valuable option of redeeming the mortgage early and refinancing if interest rates fall. The obverse of that benefit to mortgagors, however, is a risk to the investor: that ...
... redeeming the mortgage early). ‘The American mortgage’ thus both protects mortgagors from interest-rate rises and gives them the valuable option of redeeming the mortgage early and refinancing if interest rates fall. The obverse of that benefit to mortgagors, however, is a risk to the investor: that ...
2015 Global Outlook C Rates, FX and Commodities Research
... time than the savants and the psychics. There is a grain of truth to the current debate over secular stagnation, the idea that the global economy is incapable of sustaining strong growth without exceptionally low interest rates. This is reflected in a secular decline in the velocity of money, a pred ...
... time than the savants and the psychics. There is a grain of truth to the current debate over secular stagnation, the idea that the global economy is incapable of sustaining strong growth without exceptionally low interest rates. This is reflected in a secular decline in the velocity of money, a pred ...
Valuation Methods for Building_Mounted Solar photovoltaic Systems
... net energy savings has been used to estimate market value, and this approach has the advantage of being quick, simple, and familiar to investors. In fact, it is simply the inverse of the multiplier approach described above. For example, as shown previously, an interest rate of 5 percent equals a mul ...
... net energy savings has been used to estimate market value, and this approach has the advantage of being quick, simple, and familiar to investors. In fact, it is simply the inverse of the multiplier approach described above. For example, as shown previously, an interest rate of 5 percent equals a mul ...
Optimal credit flows - Lorenzo Bini Smaghi
... hypothesis is not realised. In other words, it is in the interest of those who bet on a sovereign default that ultimately the country defaults. They have thus the incentive to do what is in their power to induce the country to default. This applies not only to countries but also to individual compan ...
... hypothesis is not realised. In other words, it is in the interest of those who bet on a sovereign default that ultimately the country defaults. They have thus the incentive to do what is in their power to induce the country to default. This applies not only to countries but also to individual compan ...
A1.2 - DFSA
... assignment, rights, obligations and use of proceeds; (iv) interest or yield rate; (v) date or repayment of capital and return on capital; (vi) how cash flow form assets meets Issuer’s obligations; and (vii) Security linked to performance c. Obligors (i) general description of obligors; and (ii) desc ...
... assignment, rights, obligations and use of proceeds; (iv) interest or yield rate; (v) date or repayment of capital and return on capital; (vi) how cash flow form assets meets Issuer’s obligations; and (vii) Security linked to performance c. Obligors (i) general description of obligors; and (ii) desc ...
This PDF is a selection from a published volume from... Bureau of Economic Research
... not have bought a given bond were willing to buy it, provided that they could buy a CDS for protection. Again, however, this worked only because at least one party did not fully appreciate the underlying risk profiles associated with these trades. CDSs were priced using models that underestimated th ...
... not have bought a given bond were willing to buy it, provided that they could buy a CDS for protection. Again, however, this worked only because at least one party did not fully appreciate the underlying risk profiles associated with these trades. CDSs were priced using models that underestimated th ...