List of KASE internal documents and amendments to KASE internal
... with the term before maturity over 1,460 days were defined based on the data of auctions on offering and/or additional offering of such GS, which did not allow considering the secondary market structure at their valuation, and led to overestimation or underestimation of some securities of this type; ...
... with the term before maturity over 1,460 days were defined based on the data of auctions on offering and/or additional offering of such GS, which did not allow considering the secondary market structure at their valuation, and led to overestimation or underestimation of some securities of this type; ...
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... models where innovation expands upon the set of products (e.g., Nordhaus 1969; Tirole 1988; Grossman and Lai 2004): An increase in the patent length induces a higher rate of innovation by extending the duration of the innovator’s monopoly power (the dynamic gains), and this is traded off at the marg ...
... models where innovation expands upon the set of products (e.g., Nordhaus 1969; Tirole 1988; Grossman and Lai 2004): An increase in the patent length induces a higher rate of innovation by extending the duration of the innovator’s monopoly power (the dynamic gains), and this is traded off at the marg ...
Economic Literacy: An International Comparison
... positively associated with economic literacy. On the other hand, countries with high mandated savings in the form of social security contributions and resulting more limited resources for private wealth accumulation, show lower levels of financial literacy. The results are robust to the presence of ...
... positively associated with economic literacy. On the other hand, countries with high mandated savings in the form of social security contributions and resulting more limited resources for private wealth accumulation, show lower levels of financial literacy. The results are robust to the presence of ...
Information, Power, Credit Restrictions and international banking
... economics – are embedded in an immutable world in which complete information is, in principle, achievable. Such approaches conflict with the Post Keynesian concept of fundamental uncertainty. Approaching this problem from a Post Keynesian perspective might offer a richer scope of explanations. These ...
... economics – are embedded in an immutable world in which complete information is, in principle, achievable. Such approaches conflict with the Post Keynesian concept of fundamental uncertainty. Approaching this problem from a Post Keynesian perspective might offer a richer scope of explanations. These ...
Global Financial Systems Chapter 4 Liquidity
... • Illiquidity means that banks cannot raise cash by selling assets, because they cannot get acceptable prices in the short run • In practice, it can be difficult to distinguish between illiquidity and insolvency ...
... • Illiquidity means that banks cannot raise cash by selling assets, because they cannot get acceptable prices in the short run • In practice, it can be difficult to distinguish between illiquidity and insolvency ...
Listed Infrastructure
... more risky. The advantages of investing in listed infrastructure are partially offset by a higher correlation to broader equities, a higher level of volatility relative to unlisted assets and reduced access to “greenfield” investments. What’s driving infrastructure growth? Owning part of one of the ...
... more risky. The advantages of investing in listed infrastructure are partially offset by a higher correlation to broader equities, a higher level of volatility relative to unlisted assets and reduced access to “greenfield” investments. What’s driving infrastructure growth? Owning part of one of the ...
The future of international capital flows
... through their impact on the correlation between returns on individual countries’ assets. Theory also suggests that the allocation of global capital over time should be consistent with countries’ inter-temporal consumption-smoothing requirements (Sachs (1982)). But there may also be scope for gains f ...
... through their impact on the correlation between returns on individual countries’ assets. Theory also suggests that the allocation of global capital over time should be consistent with countries’ inter-temporal consumption-smoothing requirements (Sachs (1982)). But there may also be scope for gains f ...
Risk and De-Collectivisation in the Czech Republic Dirk
... limited. First, this is not so much due to the number of farms as to their size. In the case of the Czech Republic, in 1998 there were, according to the 'Register of Economic Subjects', 92,845 agricultural businesses with the legal form of 'physical person' (podniky fyzickych osob), i.e. individual ...
... limited. First, this is not so much due to the number of farms as to their size. In the case of the Czech Republic, in 1998 there were, according to the 'Register of Economic Subjects', 92,845 agricultural businesses with the legal form of 'physical person' (podniky fyzickych osob), i.e. individual ...
Financial Intermediation and Growth: Causality
... simultaneity, omitted variables, and unobserved country-specific effects that have plagued previous empirical work on the finance-growth link. 4 Methodologically, the paper uses two econometric techniques: (1) Generalized Method-ofMoments (GMM) dynamic panel estimators and (2) a cross-sectional inst ...
... simultaneity, omitted variables, and unobserved country-specific effects that have plagued previous empirical work on the finance-growth link. 4 Methodologically, the paper uses two econometric techniques: (1) Generalized Method-ofMoments (GMM) dynamic panel estimators and (2) a cross-sectional inst ...
DIRECTIVE 3b ON TRUSTS, ANSTALTEN, FOUNDATIONS
... Once assets have been deposited in a trust, Anstalt or foundation, the beneficial owner, within the meaning of the MLA, shall in principle be deemed by the financial intermediary acting as trustee or board member of the Anstalt or foundation to be all persons who, regardless of their capacity or tit ...
... Once assets have been deposited in a trust, Anstalt or foundation, the beneficial owner, within the meaning of the MLA, shall in principle be deemed by the financial intermediary acting as trustee or board member of the Anstalt or foundation to be all persons who, regardless of their capacity or tit ...
Insurance Companies and the Financial Crisis
... the scope economies associated with the more diversified revenue stream of the group as a whole. But the weight of the empirical evidence suggests that, in crisis situations, asset returns turn out to be more closely correlated than during normal times and more so than has been expected and built in ...
... the scope economies associated with the more diversified revenue stream of the group as a whole. But the weight of the empirical evidence suggests that, in crisis situations, asset returns turn out to be more closely correlated than during normal times and more so than has been expected and built in ...
The Central Bank and Interest Rate Risk
... Book values represent historical costs of securities purchased, loans made, and liabilities sold. They do not reflect current values as determined by market values. Effective financial decisionmaking requires up-to-date information that incorporates current expectations about future events. Market v ...
... Book values represent historical costs of securities purchased, loans made, and liabilities sold. They do not reflect current values as determined by market values. Effective financial decisionmaking requires up-to-date information that incorporates current expectations about future events. Market v ...
Policy Brief 1
... improving access to finance, especially for those left out of the financial market. On the contrary, and especially when ceilings are set at an excessively low level, regulating the cost of loans can have a negative impact on the microfinance market – and primarily hurt the poor. Let us examine the ...
... improving access to finance, especially for those left out of the financial market. On the contrary, and especially when ceilings are set at an excessively low level, regulating the cost of loans can have a negative impact on the microfinance market – and primarily hurt the poor. Let us examine the ...
Real Macroeconomic Theory
... macroeconomic questions. The framework will strive to build as much as possible on microeconomic foundations, and hence much of the text will use standard microeconomic tools. Occasionally, the approach using explicit microeconomic foundations will be described as “modern macroeconomics”, a term whi ...
... macroeconomic questions. The framework will strive to build as much as possible on microeconomic foundations, and hence much of the text will use standard microeconomic tools. Occasionally, the approach using explicit microeconomic foundations will be described as “modern macroeconomics”, a term whi ...
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C.
... inventory counts on the basis of a standard percentage of sales. This provision is adjusted based on the actual shrinkage results of the physical inventory counts, which generally occur in the second and fourth quarters of the Company's fiscal year. Historically, both Price and Costco have provided ...
... inventory counts on the basis of a standard percentage of sales. This provision is adjusted based on the actual shrinkage results of the physical inventory counts, which generally occur in the second and fourth quarters of the Company's fiscal year. Historically, both Price and Costco have provided ...
Evidence fron Nigeria
... The result of their study showed that general effect of dividend yield on price volatility observed at higher significant levels, led to the acceptance of null hypothesis, which states that measure of dividend policy vary inversely with ordinary share price volatility over time. Azhagaiah&Priya (20 ...
... The result of their study showed that general effect of dividend yield on price volatility observed at higher significant levels, led to the acceptance of null hypothesis, which states that measure of dividend policy vary inversely with ordinary share price volatility over time. Azhagaiah&Priya (20 ...
85th Annual Report - Bank for International Settlements
... It is my pleasure to submit to you the 85th Annual Report of the Bank for International Settlements for the financial year which ended on 31 March 2015. The net profit for the year amounted to SDR 542.9 million, compared with SDR 419.3 million for the preceding year. Details of the results for the f ...
... It is my pleasure to submit to you the 85th Annual Report of the Bank for International Settlements for the financial year which ended on 31 March 2015. The net profit for the year amounted to SDR 542.9 million, compared with SDR 419.3 million for the preceding year. Details of the results for the f ...
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... The first one is based on the leverage effect hypothesis. According to this explanation, a drop in the value of the stock (negative return) increases financial leverage, which makes the stock riskier and increases its volatility [Black (1976) and Christie (1982)]. The second explanation is known as ...
... The first one is based on the leverage effect hypothesis. According to this explanation, a drop in the value of the stock (negative return) increases financial leverage, which makes the stock riskier and increases its volatility [Black (1976) and Christie (1982)]. The second explanation is known as ...
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... decisions that are consistent with stockholder wealth maximization, they risk being disciplined by the market. Part of this discipline involves the threat of being taken over by groups who are more aligned with stockholder interests. a. True b. False ...
... decisions that are consistent with stockholder wealth maximization, they risk being disciplined by the market. Part of this discipline involves the threat of being taken over by groups who are more aligned with stockholder interests. a. True b. False ...