Derivatives issues to consider at the outset of a restructuring
... loan and the currency of its revenue. In such a case, the lender may require the borrower to enter into a currency swap pursuant to which the borrower will make payments in the currency of its revenue and receive payments in the currency of its loan, such payments determined by reference to a preagr ...
... loan and the currency of its revenue. In such a case, the lender may require the borrower to enter into a currency swap pursuant to which the borrower will make payments in the currency of its revenue and receive payments in the currency of its loan, such payments determined by reference to a preagr ...
Zvi NBER WORKING PAPER SERIES
... These papers have been submitted to the University of Chicago Press to be considered for publication in a volmoe tentatively titled, The Changing Roles of Debt and Equity in Financing U.S. Capital Formation, edited by Benjamin Friedman. Copies of these papers may be obtained by sending 1.50 per copy ...
... These papers have been submitted to the University of Chicago Press to be considered for publication in a volmoe tentatively titled, The Changing Roles of Debt and Equity in Financing U.S. Capital Formation, edited by Benjamin Friedman. Copies of these papers may be obtained by sending 1.50 per copy ...
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Financial Crises and Policy Andrea Prestipino January 9, 2014 [Download Latest Version]
... does not a¤ect their borrowing decisions, i.e. the borrowing constraint does not bind, and banks are able to raise funds from households to …nance all pro…table investment opportunities. In this region, losses on banks’portfolios have only a mild e¤ect on real economic activity, as well capitalized ...
... does not a¤ect their borrowing decisions, i.e. the borrowing constraint does not bind, and banks are able to raise funds from households to …nance all pro…table investment opportunities. In this region, losses on banks’portfolios have only a mild e¤ect on real economic activity, as well capitalized ...
5 Financial Mistakes Physicians Make
... Opinions, estimates, forecasts, and statements of financial-market trends that are based on current market conditions constitute our judgment and are subject to change without notice. This material is for information purposes only and is not intended as an offer or solicitation with respect to the p ...
... Opinions, estimates, forecasts, and statements of financial-market trends that are based on current market conditions constitute our judgment and are subject to change without notice. This material is for information purposes only and is not intended as an offer or solicitation with respect to the p ...
... emerging markets is more difficult to predict. With growing signs that the Fed will change course, they face the end of a long period of cheap money which has boosted growth by means of significant liquidity inflows from the developed world. An additional handicap is the end of the commodity boom, f ...
Screening for Growth and Value Based on “What Works on Wall
... which exceeds the database average. One does not normally screen a single period per share item across a cross section of firms. Per share items are normally studied over time or converted into ratios that can be meaningfully compared across firms. O’Shaughnessy does not reveal if other tests of div ...
... which exceeds the database average. One does not normally screen a single period per share item across a cross section of firms. Per share items are normally studied over time or converted into ratios that can be meaningfully compared across firms. O’Shaughnessy does not reveal if other tests of div ...
liquidity risk - Islamic Development Bank
... Banks have fixed income assets but have profit sharing on liability side. The IBs therefore, are still more stable than conventional banks. ...
... Banks have fixed income assets but have profit sharing on liability side. The IBs therefore, are still more stable than conventional banks. ...
View the Entire Research Piece as a PDF here.
... It seems bizarre that volatility in general – and gold volatility in particular – is so low despite heightened economic, political, and monetary uncertainty, and we believe it isn’t a coincidence that realized and implied volatility are depressed across most asset classes and currencies. It is our v ...
... It seems bizarre that volatility in general – and gold volatility in particular – is so low despite heightened economic, political, and monetary uncertainty, and we believe it isn’t a coincidence that realized and implied volatility are depressed across most asset classes and currencies. It is our v ...
Does Austrian Business Cycle Theory Help Explain the
... Monetary shocks produce certain types of discoordination in markets. The process of adjusting to these shocks produces effects on aggregative variables. It is not possible, however, to analyze these effects in terms of a standard macrotheory. The level of aggregation necessarily obscures the economi ...
... Monetary shocks produce certain types of discoordination in markets. The process of adjusting to these shocks produces effects on aggregative variables. It is not possible, however, to analyze these effects in terms of a standard macrotheory. The level of aggregation necessarily obscures the economi ...
The Pros and Cons of Regulating Corporate Reporting: A Critical
... Our analysis distinguishes regulation of mandated public reporting for firms seeking to access public securities markets from the regulation of accounting standard setting itself (Kothari, Ramanna, and Skinner, 2009). Although theories of regulation have typically been developed in the context of p ...
... Our analysis distinguishes regulation of mandated public reporting for firms seeking to access public securities markets from the regulation of accounting standard setting itself (Kothari, Ramanna, and Skinner, 2009). Although theories of regulation have typically been developed in the context of p ...
PRESSRELEASE Downgraded to A4 , Brazilian economy gears
... down from +2.5% in 2013), due to household consumption growing at a slower pace, investments losing momentum and a weak trade balance. Coface considers 2015 to be a turning point, boosting GDP in the medium term. 2014: commercial weakness during the next months After a marginal increase of 0.9% in 2 ...
... down from +2.5% in 2013), due to household consumption growing at a slower pace, investments losing momentum and a weak trade balance. Coface considers 2015 to be a turning point, boosting GDP in the medium term. 2014: commercial weakness during the next months After a marginal increase of 0.9% in 2 ...
Chapter 5
... valuation is not all that different whether a discounted cash flow approach or residual income model are used. Why then does the analyst need a residual income model? In a simple cases such as the perpetuity, both DDM and RIM are easily applied. For other examples, there are two important difference ...
... valuation is not all that different whether a discounted cash flow approach or residual income model are used. Why then does the analyst need a residual income model? In a simple cases such as the perpetuity, both DDM and RIM are easily applied. For other examples, there are two important difference ...
after-tax returns: methodology for computing
... investment flows, returns, and market value over time. As with all simulations, it makes some simplifying assumptions. It models the evolution of a single-security investment, but distinguishes between short-term and long-term tax lots. We model thirteen tax lots, twelve short-term (ages 0-11 months ...
... investment flows, returns, and market value over time. As with all simulations, it makes some simplifying assumptions. It models the evolution of a single-security investment, but distinguishes between short-term and long-term tax lots. We model thirteen tax lots, twelve short-term (ages 0-11 months ...
Homeownership and Investment in Risky Assets in Europe
... an indivisible, durable good, the buying and selling of which involves high transaction costs. Adjustment in housing consumption occurs only infrequently (Note 2) because households adjust their housing consumption only if the current consumption deviates from the optimal level to a large enough ext ...
... an indivisible, durable good, the buying and selling of which involves high transaction costs. Adjustment in housing consumption occurs only infrequently (Note 2) because households adjust their housing consumption only if the current consumption deviates from the optimal level to a large enough ext ...
The Financial Reporting Practices of State
... Provincial and Industry-level measures of foreign investment activity • FDI / GDP each year. • Foreign ownership (average percentage of foreign capital to total capital). • Fixed asset investment: FDI / SOE ...
... Provincial and Industry-level measures of foreign investment activity • FDI / GDP each year. • Foreign ownership (average percentage of foreign capital to total capital). • Fixed asset investment: FDI / SOE ...
foreign currency option
... Foreign Currency Speculation • Speculating in the options market – And of course, Hans could write a put, thereby obliging him to purchase francs at the strike price – If the franc drops below 58 ½ Hans will lose more than the premium received – If the spot rate does not fall below 58 ½ then the op ...
... Foreign Currency Speculation • Speculating in the options market – And of course, Hans could write a put, thereby obliging him to purchase francs at the strike price – If the franc drops below 58 ½ Hans will lose more than the premium received – If the spot rate does not fall below 58 ½ then the op ...
Estimating the country risk premium in emerging markets: the case
... the factors that influence the return on equity is complicated enough in developed countries but much more difficult in emerging markets. Estimation of the cost of equity in developed markets is mostly performed with the CAPM. According to that model the required rate of return is given as a [Risk-fre ...
... the factors that influence the return on equity is complicated enough in developed countries but much more difficult in emerging markets. Estimation of the cost of equity in developed markets is mostly performed with the CAPM. According to that model the required rate of return is given as a [Risk-fre ...
The Impact of Fair Value Measurement on Financial Instrument of
... financial asset due to a decrease in interest rates in the current period reduces expected fair value interest revenue on the asset throughout its remaining life. This third component of the periodic returns to financial instruments is the unexpected change in their fair values during the period. Un ...
... financial asset due to a decrease in interest rates in the current period reduces expected fair value interest revenue on the asset throughout its remaining life. This third component of the periodic returns to financial instruments is the unexpected change in their fair values during the period. Un ...
Interest Rate
... on a coupon instrument. Current Yield: Bond’s annual coupon payment divided by its current market price. Discount Yield and Investment Yield: The yield on Tbills (and other discounted securities, such as commercial paper) which are selling at a discount of their maturity values. Yield to Maturity: T ...
... on a coupon instrument. Current Yield: Bond’s annual coupon payment divided by its current market price. Discount Yield and Investment Yield: The yield on Tbills (and other discounted securities, such as commercial paper) which are selling at a discount of their maturity values. Yield to Maturity: T ...
Relationship Between Trading Volume And
... According to Persons and Frickey (1926), substantial quantitative changes in money rates, regardless of the length of time during which those changes take place, have been, in general, highly significant for security markets. Academic treatment of a price-volume relation can be traced to Osborne (19 ...
... According to Persons and Frickey (1926), substantial quantitative changes in money rates, regardless of the length of time during which those changes take place, have been, in general, highly significant for security markets. Academic treatment of a price-volume relation can be traced to Osborne (19 ...
Report of the Committee to suggest steps for fulfilling the objectives
... of liberalization. There is a vast literature on price-discovery and hedging efficiency in commodity derivatives markets in India and abroad covering different commodities and different time periods. This Committee has surveyed the literature already available on the subject, carried out quantitativ ...
... of liberalization. There is a vast literature on price-discovery and hedging efficiency in commodity derivatives markets in India and abroad covering different commodities and different time periods. This Committee has surveyed the literature already available on the subject, carried out quantitativ ...
MainStay Epoch Global Equity Yield SMA
... periods for which sufficient data is available, the profile shows a composite of client accounts managed by the investment manager in the Fiduciary Services program. Through June 2012, Morgan Stanley offered the Fiduciary Services program through two channels - the Morgan Stanley channel and the Smi ...
... periods for which sufficient data is available, the profile shows a composite of client accounts managed by the investment manager in the Fiduciary Services program. Through June 2012, Morgan Stanley offered the Fiduciary Services program through two channels - the Morgan Stanley channel and the Smi ...