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Development of cost models and pricing framework for wholesale
Development of cost models and pricing framework for wholesale

...  Supply market, network and cost data that will be required for the construction of the cost models, using a template provided by Incyte. The second consultation will follow a stakeholder presentation by the consultants of the draft final report (proposed for late July 2017), including a descriptio ...
Financial Liberalization and Banking Crises in Emerging Economies∗
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... We believe that the crises that follow liberalization involve more than poor design. Building on this belief, we develop a dynamic, small-open-economy, general-equilibrium model of the transition period following financial liberalization. The model illustrates how financial liberalization affects the ...
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... fearful of missing an opportunity when they see others making money. For those left behind, "there is nothing so disturbing to one's well-being and judgement as to see a friend get rich" [Kindleberger, 2000, 15]. Fresh investors' demand for the asset increases its price, creating wealth for other ho ...
Chapter One : Introduction - Pakistan Institute of Development
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Causes, Consequences and Policy Dilemmas

... – Secularly higher (income elasticity for energy is around one while for food is below one): level effect. – More sensitive to the same forces that affect the prices of nonrenewable energy sources such as oil: increased volatility. • In contrast to the past, demand for food commodities will fluctuat ...
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Asset Valuation in Workably Competitive Markets
Asset Valuation in Workably Competitive Markets

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THE RAMSEY GROWTH MODEL

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... investigated. One theory is moral hazard: banks may lend excessively to take advantage of some form of government bailout.4 Martin Uribe (2006) has also studied whether an economy with an aggregate debt limit tends to overborrow relative to an economy with debt limits imposed at the level of each in ...
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Collateral-Motivated Financial Innovation
Collateral-Motivated Financial Innovation

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Retooling Your Financial Reserves
Retooling Your Financial Reserves

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Macroprudential, Monetary and Capital Flows Management Policies
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FASAC Discussion March 2005
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The carry trade and recent yen movements

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Financial economics

Financial economics is the branch of economics characterized by a ""concentration on monetary activities"", in which ""money of one type or another is likely to appear on both sides of a trade"". Its concern is thus the interrelation of financial variables, such as prices, interest rates and shares, as opposed to those concerning the real economy. It has two main areas of focus: asset pricing (or ""investment theory"") and corporate finance; the first being the perspective of providers of capital and the second of users of capital.The subject is concerned with ""the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment"". It therefore centers on decision making under uncertainty in the context of the financial markets, and the resultant economic and financial models and principles, and is concerned with deriving testable or policy implications from acceptable assumptions. It is built on the foundations of microeconomics and decision theory.Financial econometrics is the branch of financial economics that uses econometric techniques to parameterise these relationships. Mathematical finance is related in that it will derive and extend the mathematical or numerical models suggested by financial economics. Note though that the emphasis there is mathematical consistency, as opposed to compatibility with economic theory.Financial economics is usually taught at the postgraduate level; see Master of Financial Economics. Recently, specialist undergraduate degrees are offered in the discipline.Note that this article provides an overview and survey of the field: for derivations and more technical discussion, see the specific articles linked.
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