Risky Banks and Macroprudential Policy for Emerging Economies Gabriel Cuadra Victoria Nuguer
... As a result of the financial crisis, the Federal Reserve and other central banks introduced a set of so-called “unconventional” monetary policies. In particular, the Fed started to intervene directly in the credit market, lending to non-financial institutions and reducing the restrictions to access ...
... As a result of the financial crisis, the Federal Reserve and other central banks introduced a set of so-called “unconventional” monetary policies. In particular, the Fed started to intervene directly in the credit market, lending to non-financial institutions and reducing the restrictions to access ...
Learning objectives - ICAI Knowledge Gateway
... and critical business decisions of a firm. Since these decisions need huge amount of capital outlay, are surrounded by great number of uncertainties and have long-term implications, therefore, there is an underlying need for thoughtful and correct decision-making. Capital budgeting decision-making i ...
... and critical business decisions of a firm. Since these decisions need huge amount of capital outlay, are surrounded by great number of uncertainties and have long-term implications, therefore, there is an underlying need for thoughtful and correct decision-making. Capital budgeting decision-making i ...
Sensitivity, Specificity, and Useful Measures of Diagnostic Utility
... frequencies. . . . This is not how most ROC curves are used now, particularly in medicine. The receiver of a diagnostic measurement . . . wants to make a decision based on some xc , and is not especially interested in how well he would have done had he used some different cutoff. ...
... frequencies. . . . This is not how most ROC curves are used now, particularly in medicine. The receiver of a diagnostic measurement . . . wants to make a decision based on some xc , and is not especially interested in how well he would have done had he used some different cutoff. ...
Risk Cannot Explain the Muni Puzzle
... U.S. government’s option to rescind the tax-exemption feature of municipal bonds. In 1988 the Supreme Court ruled in South Carolina v. Baker that the U.S. government has a right to tax interest on municipal bonds [see Poterba (1989) for details]. In principle, the characteristics of the government’s ...
... U.S. government’s option to rescind the tax-exemption feature of municipal bonds. In 1988 the Supreme Court ruled in South Carolina v. Baker that the U.S. government has a right to tax interest on municipal bonds [see Poterba (1989) for details]. In principle, the characteristics of the government’s ...
the effect of dividend announcement on stock returns for companies
... documented in the financial literature as share price maximization is the central focus in finance. In 1961,Miller and Modigliani (M&M) advanced the Dividend Irrelevance Theory which theorizes that in a perfect world where there is no corporate and personal taxes, no &ansaction and flotation costs, ...
... documented in the financial literature as share price maximization is the central focus in finance. In 1961,Miller and Modigliani (M&M) advanced the Dividend Irrelevance Theory which theorizes that in a perfect world where there is no corporate and personal taxes, no &ansaction and flotation costs, ...
Considering the effects of operating lease capitalization on
... was issued by IASB and FASB in March 2009 «Leasings preliminary considerations» collecting all previous work that had been done by the experts' committee appointed to this effect in relation to what should the new leases regulation refer to. The fi rst deadline for the draft issued in August 2010 wa ...
... was issued by IASB and FASB in March 2009 «Leasings preliminary considerations» collecting all previous work that had been done by the experts' committee appointed to this effect in relation to what should the new leases regulation refer to. The fi rst deadline for the draft issued in August 2010 wa ...
Financial Crises and Financial Dependence
... estate markets to establish conclusively that loan supply shocks emanating from Japan had real effects on economic activity in the United States. Third, our paper adds to the empirical literature on banking crises. Empirical research on identifying tools for the resolution and management of banking ...
... estate markets to establish conclusively that loan supply shocks emanating from Japan had real effects on economic activity in the United States. Third, our paper adds to the empirical literature on banking crises. Empirical research on identifying tools for the resolution and management of banking ...
Brand Valuation
... a platform on which to do so. Depending on the brand, this platform may include, for example, manufacturing facilities, distribution channels, and working capital. Interbrand, therefore, allows for a fair return on this capital before determining that the brand itself is creating value for its owner ...
... a platform on which to do so. Depending on the brand, this platform may include, for example, manufacturing facilities, distribution channels, and working capital. Interbrand, therefore, allows for a fair return on this capital before determining that the brand itself is creating value for its owner ...
Asian Investment Grade USD Bonds an Under Appreciated Asset
... bonds have offered a yield premium (YTW) of over 50 bps per annum relative to similar US bonds. This is a compelling reason for any investor that invests in US bonds to evaluate the options available in Asia ex-Japan USD investment grade bonds. ...
... bonds have offered a yield premium (YTW) of over 50 bps per annum relative to similar US bonds. This is a compelling reason for any investor that invests in US bonds to evaluate the options available in Asia ex-Japan USD investment grade bonds. ...
Basic Financial Derivatives - Sanjeev Institute of Planning and
... and stock market prices at the different financial markets have increased the financial risks to the corporate world. Adverse changes have even threatened the very survival of the business world. It is, therefore, to manage such risks; the new financial instruments have been developed in the financi ...
... and stock market prices at the different financial markets have increased the financial risks to the corporate world. Adverse changes have even threatened the very survival of the business world. It is, therefore, to manage such risks; the new financial instruments have been developed in the financi ...
caratula working paper - Barcelona Graduate School of Economics
... only with lower skewness, but also with higher variance —the typical measure of volatility in the literature. We choose not to use the variance to identify risky paths that lead to rare, large and abrupt busts because high variance may also reflect other shocks, that could either happen more frequen ...
... only with lower skewness, but also with higher variance —the typical measure of volatility in the literature. We choose not to use the variance to identify risky paths that lead to rare, large and abrupt busts because high variance may also reflect other shocks, that could either happen more frequen ...
Annual Report & Form 20-F
... customers’ needs and responding to them quickly and with insight helps to set us apart from our competitors. We explain elsewhere in this Business review how we are, for example, focusing on areas such as networked IT services contracts as part of this long-term partnership strategy. At 31 March 200 ...
... customers’ needs and responding to them quickly and with insight helps to set us apart from our competitors. We explain elsewhere in this Business review how we are, for example, focusing on areas such as networked IT services contracts as part of this long-term partnership strategy. At 31 March 200 ...
Wall Street as Community of Fate: Toward Financial Industry Self
... This anti-industry sentiment, however, obscures an important paradox. Although too much freedom for the financial industry to “innovate” in pursuit of ever-increasing profits may have been a major cause of the current problems in the financial sector, denying industry self-regulation its proper plac ...
... This anti-industry sentiment, however, obscures an important paradox. Although too much freedom for the financial industry to “innovate” in pursuit of ever-increasing profits may have been a major cause of the current problems in the financial sector, denying industry self-regulation its proper plac ...
Chapter 28 Investment Policy and the Framework of the CFA Institute
... C. one who receives interest and dividend income from a trust during their lifetime D. one who receives the principal of a trust when it is dissolved E. None of these is true. ...
... C. one who receives interest and dividend income from a trust during their lifetime D. one who receives the principal of a trust when it is dissolved E. None of these is true. ...
Free Cash Flow, Growth Opportunities, And Dividends: Does Cross
... as the resources not paid out as dividends (i.e., retained by the company) can be used to fund profitable projects which take advantage of the available growth opportunities. If lower dividend payments are not in place when growth opportunities are stronger, underinvestment in worthwhile projects ma ...
... as the resources not paid out as dividends (i.e., retained by the company) can be used to fund profitable projects which take advantage of the available growth opportunities. If lower dividend payments are not in place when growth opportunities are stronger, underinvestment in worthwhile projects ma ...
Templeton Global Balanced Fund Annual Report
... investments. In January 2016, the Bank of Japan (BOJ) introduced negative interest rates on excess reserves held by financial institutions with the central bank to boost lending and help achieve its inflation target. In July 2016, Japan’s Prime Minister Shinzo Abe announced a higher-than-expected fi ...
... investments. In January 2016, the Bank of Japan (BOJ) introduced negative interest rates on excess reserves held by financial institutions with the central bank to boost lending and help achieve its inflation target. In July 2016, Japan’s Prime Minister Shinzo Abe announced a higher-than-expected fi ...
Making Sense of the Subprime Crisis
... past performance of subprime borrowers, and state-of-the-art modeling technology did not anticipate that so many of the loans they were buying, either directly or indirectly, would go bad. Our bottom line is that the problem largely had to do with house price expectations. Had investors known the tr ...
... past performance of subprime borrowers, and state-of-the-art modeling technology did not anticipate that so many of the loans they were buying, either directly or indirectly, would go bad. Our bottom line is that the problem largely had to do with house price expectations. Had investors known the tr ...
Financial Intermediation as a Beliefs
... sort and yet continue to maintain different beliefs, then some of them must be irrational. Alternatively, we could assume that information is so complex that it would take arbitrarily long to learn — this is the interpretation that Allen and Gale (1999) use in their analysis — in which case we could ...
... sort and yet continue to maintain different beliefs, then some of them must be irrational. Alternatively, we could assume that information is so complex that it would take arbitrarily long to learn — this is the interpretation that Allen and Gale (1999) use in their analysis — in which case we could ...
Guideline - OSFI-BSIF
... Subsection 515(1), 992(1) and 608(1) of the Insurance Companies Act (ICA) requires federally regulated life insurance companies and societies, holding companies and companies operating in Canada on a branch basis, respectively, to maintain adequate capital or to maintain an adequate margin of assets ...
... Subsection 515(1), 992(1) and 608(1) of the Insurance Companies Act (ICA) requires federally regulated life insurance companies and societies, holding companies and companies operating in Canada on a branch basis, respectively, to maintain adequate capital or to maintain an adequate margin of assets ...