The Economic Risks of Globalization
... Figure 3. By the start of 2012, the situation had fundamentally changed. The global drop in demand caused by the euro debt crisis is now also slowing down the economies of emerging and developing countries. Some of these, such as Brazil, found themselves in recession at the start of 2012 for the sec ...
... Figure 3. By the start of 2012, the situation had fundamentally changed. The global drop in demand caused by the euro debt crisis is now also slowing down the economies of emerging and developing countries. Some of these, such as Brazil, found themselves in recession at the start of 2012 for the sec ...
"International Reserves and Rollover Risk"
... for the government. We find that it is relatively more costly to accumulate reserves when lenders are more risk averse and when income is lower. When lenders’ risk aversion takes a high value, the government has to pay a higher risk premium for the extra risk lenders face. Moreover, we also show tha ...
... for the government. We find that it is relatively more costly to accumulate reserves when lenders are more risk averse and when income is lower. When lenders’ risk aversion takes a high value, the government has to pay a higher risk premium for the extra risk lenders face. Moreover, we also show tha ...
Commercial real estate debt
... potentially, shareholder assets. As these investments do not target a matching adjustment, a less prescriptive mandate is possible — and may lead to higher margins and origination volumes. ...
... potentially, shareholder assets. As these investments do not target a matching adjustment, a less prescriptive mandate is possible — and may lead to higher margins and origination volumes. ...
lecture12
... • A sequence is good if it passes several well established statistical tests. • Or, it's good if it gives good results in particular applications (where the meaning of "good results" is heavily dependent upon the context). ...
... • A sequence is good if it passes several well established statistical tests. • Or, it's good if it gives good results in particular applications (where the meaning of "good results" is heavily dependent upon the context). ...
Trending stocks are responsible for virtually all of the market`s gains
... Simulation of conventional academic theory and actual historical record both show that a minority of especially strong stocks account for the vast majority of the overall market’s gains. Every member of this minority shared one common characteristic. Each showed the propensity to appreciate to new a ...
... Simulation of conventional academic theory and actual historical record both show that a minority of especially strong stocks account for the vast majority of the overall market’s gains. Every member of this minority shared one common characteristic. Each showed the propensity to appreciate to new a ...
ETF Trading and Execution in the European MarketsPDF
... on a daily basis demonstrates precisely why ETF trading volume is not an all-encompassing measure of the fund’s overall liquidity. In order to understand the full liquidity of an ETF, investors must also consider the liquidity of the underlying securities. ...
... on a daily basis demonstrates precisely why ETF trading volume is not an all-encompassing measure of the fund’s overall liquidity. In order to understand the full liquidity of an ETF, investors must also consider the liquidity of the underlying securities. ...
THE LINK BETWEEN DEFAULT AND RECOVERY RATES
... 2.2.1(I) FIRST GENERATION" STRUCTURAL-FORM MODELS These models was first introduced by Merton (1974) adapting the principles of option pricing (Black & Scholes, 1973). The basic framework from this model is that the process of default is driven by the value of the company's assets and liabilities. M ...
... 2.2.1(I) FIRST GENERATION" STRUCTURAL-FORM MODELS These models was first introduced by Merton (1974) adapting the principles of option pricing (Black & Scholes, 1973). The basic framework from this model is that the process of default is driven by the value of the company's assets and liabilities. M ...
Form 10-Q - Vanguard Natural Resources LLC
... approximately 99% of the net proceeds from the sale of production from certain producing gas and oil wells. In the separation, Vinland was conveyed the remaining 60% of our Predecessor’s working interest in the known producing horizons in this acreage, 100% of our Predecessor’s working interest in d ...
... approximately 99% of the net proceeds from the sale of production from certain producing gas and oil wells. In the separation, Vinland was conveyed the remaining 60% of our Predecessor’s working interest in the known producing horizons in this acreage, 100% of our Predecessor’s working interest in d ...
The Relationship between Stock Returns and Macroeconomic
... Investment is briefly defined as the commitment of funds. In investment profession, investors or portfolio managers struggle to determine the value of a particular financial asset in which funds are invested for a period to assess whether or not a potential investment is worth of its price. When dec ...
... Investment is briefly defined as the commitment of funds. In investment profession, investors or portfolio managers struggle to determine the value of a particular financial asset in which funds are invested for a period to assess whether or not a potential investment is worth of its price. When dec ...
FUTURES PRODUCT DISCLOSURE STATEMENT INTERACTIVE
... is appropriate for you in light of your investment objectives and financial circumstances. Exchange Traded Derivatives are not suitable for some retail investors. You should only trade Exchange Traded Derivatives if you understand the nature of the products and the extent of your exposure to risks. ...
... is appropriate for you in light of your investment objectives and financial circumstances. Exchange Traded Derivatives are not suitable for some retail investors. You should only trade Exchange Traded Derivatives if you understand the nature of the products and the extent of your exposure to risks. ...
colgate-palmolive company
... “Simplifying the Presentation of Debt Issuance Costs,” which requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of related debt liability, consistent with debt discounts. Under current accounting standards, such costs are recorded as an ...
... “Simplifying the Presentation of Debt Issuance Costs,” which requires that debt issuance costs be presented in the balance sheet as a direct deduction from the carrying amount of related debt liability, consistent with debt discounts. Under current accounting standards, such costs are recorded as an ...
Select Risk Profile Portfolios – quarterly investment report
... feared, and hopes are high that the French election will also deny the far right a majority. The Eurozone’s GDP expanded in the fourth quarter of 2016. February’s employment figures, plus activity in the manufacturing and service sectors were also on the rise. Japanese equities gave a robust perform ...
... feared, and hopes are high that the French election will also deny the far right a majority. The Eurozone’s GDP expanded in the fourth quarter of 2016. February’s employment figures, plus activity in the manufacturing and service sectors were also on the rise. Japanese equities gave a robust perform ...
Active Management Performance Cycles
... according to the historical quintile breakdown. In 5 out of the last 7 years the Russell 1000 Index delivered double digits returns, ranking those returns in 3rd and 5th quintiles of the historical annualized index returns since December 1979. As we have seen from the figures above, actively managed ...
... according to the historical quintile breakdown. In 5 out of the last 7 years the Russell 1000 Index delivered double digits returns, ranking those returns in 3rd and 5th quintiles of the historical annualized index returns since December 1979. As we have seen from the figures above, actively managed ...
Credit Ratings and The Cross
... overall risk. While credit risk measures the risk that creditors may not get repaid, it should be related to a firm’s overall risk. Barring the agency problems between bondholders and shareholders the risk faced by both should relate to the underlying cash flow risk of the firm. This is what we check n ...
... overall risk. While credit risk measures the risk that creditors may not get repaid, it should be related to a firm’s overall risk. Barring the agency problems between bondholders and shareholders the risk faced by both should relate to the underlying cash flow risk of the firm. This is what we check n ...
word - Nasdaq`s INTEL Solutions
... Condition and Results of Operations.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements can also be identified by words such as “a ...
... Condition and Results of Operations.” Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. Forward-looking statements can also be identified by words such as “a ...
Important Information about Certificates of Deposit
... Interest-bearing CDs with a maturity of more than one year will not be issued with original issue discount. In addition to interest reportable on your method of accounting (cash or accrual, as the case may be), an interestbearing CD with a maturity of more than one year that is purchased after the d ...
... Interest-bearing CDs with a maturity of more than one year will not be issued with original issue discount. In addition to interest reportable on your method of accounting (cash or accrual, as the case may be), an interestbearing CD with a maturity of more than one year that is purchased after the d ...
Download Dissertation
... creditor coordination problems. This is due to the fact that when the credit quality of the firm is lower, strategic uncertainty on actions of other creditors tends to increase. Prior studies also suggest that creditor coordination problems are likely to be exacerbated when there is higher uncertain ...
... creditor coordination problems. This is due to the fact that when the credit quality of the firm is lower, strategic uncertainty on actions of other creditors tends to increase. Prior studies also suggest that creditor coordination problems are likely to be exacerbated when there is higher uncertain ...
Corporate Finance, 3e (Berk/DeMarzo) Chapter 2 Introduction to
... Copyright © 2014 Pearson Education, Inc. ...
... Copyright © 2014 Pearson Education, Inc. ...
Efficient Dynamic Allocation with Strategic Arrivals
... 2. The planner may not be aware of the nature of the arrival process, which allows here for correlations in arrival times. Thus, the planner is able to learn about future arrivals (and thus about future demand) from past arrivals. 3. Since our agents can optimally choose their arrival time, they wil ...
... 2. The planner may not be aware of the nature of the arrival process, which allows here for correlations in arrival times. Thus, the planner is able to learn about future arrivals (and thus about future demand) from past arrivals. 3. Since our agents can optimally choose their arrival time, they wil ...