The Macroeconomics of Shadow Banking Alan Moreira Alexi Savov July 2014
... and leverage. Illiquid loans to households and businesses were securitized, and the tranches of the securitizations with the highest credit ratings were funded by very short-term debt, such as asset-backed commercial paper and repurchase agreements (repos). The short-term funding was in turn provide ...
... and leverage. Illiquid loans to households and businesses were securitized, and the tranches of the securitizations with the highest credit ratings were funded by very short-term debt, such as asset-backed commercial paper and repurchase agreements (repos). The short-term funding was in turn provide ...
Wall Street as Community of Fate: Toward Financial Industry Self
... Recently, a few legal scholars began incorporating the notion of self-regulation in their reform proposals. See, e.g., Onnig H. Dombalagian, Requiem for the Bulge Bracket?: Revisiting Investment Bank Regulation, 85 IND. L.J. 777, 836-43 (2010) (proposing an industry organization comprised of systemi ...
... Recently, a few legal scholars began incorporating the notion of self-regulation in their reform proposals. See, e.g., Onnig H. Dombalagian, Requiem for the Bulge Bracket?: Revisiting Investment Bank Regulation, 85 IND. L.J. 777, 836-43 (2010) (proposing an industry organization comprised of systemi ...
Why were there fire sales of mortgage
... take place, natural purchasers must have exited the market. More specifically, investors who would normally bid on the assets sold have to be on the sidelines. These investors are the natural purchasers who have developed the ability to assess the securities being sold. When natural buyers are on th ...
... take place, natural purchasers must have exited the market. More specifically, investors who would normally bid on the assets sold have to be on the sidelines. These investors are the natural purchasers who have developed the ability to assess the securities being sold. When natural buyers are on th ...
simpler, smoother, smarter business
... change trends. In many of Enfo’s customer sectors, the need arises from the change in value creation models and processes. Consequently, the clientele is partly changing from IT management to business management. At the same time, the IT environment is becoming increasingly complex. The customers wa ...
... change trends. In many of Enfo’s customer sectors, the need arises from the change in value creation models and processes. Consequently, the clientele is partly changing from IT management to business management. At the same time, the IT environment is becoming increasingly complex. The customers wa ...
english,
... method that is very suitable to study contagion in stock markets during extreme market events is the method of Bae et al. (2003). The method of Bae et al. (2003) incorporates the extreme value concept of exceedance returns and measures contagion based on joint occurrences of extreme stock market ret ...
... method that is very suitable to study contagion in stock markets during extreme market events is the method of Bae et al. (2003). The method of Bae et al. (2003) incorporates the extreme value concept of exceedance returns and measures contagion based on joint occurrences of extreme stock market ret ...
Financial Markets Conduct Regulations Paper 2
... mix of scheme-level and fund-level disclosure. The PDS will be accompanied by the most recent periodic disclosure for each fund. I consider that having this combination of fundlevel and scheme-level disclosure will provide an appropriate balance between providing adequate information to investors on ...
... mix of scheme-level and fund-level disclosure. The PDS will be accompanied by the most recent periodic disclosure for each fund. I consider that having this combination of fundlevel and scheme-level disclosure will provide an appropriate balance between providing adequate information to investors on ...
Guidance Note 1/05 - Central Bank of Ireland
... diversified portfolio of investment grade medium term fixed-income securities issued by large US companies and listed or traded on US regulated markets. ...
... diversified portfolio of investment grade medium term fixed-income securities issued by large US companies and listed or traded on US regulated markets. ...
The Impact of Hedging on Firm Value
... of derivatives published by the Bank of International Settlements shows that the notional amount outstanding of over-the-counter derivatives increased from US$257.9 billion in December 2004 to US$415.8 billion in the same month in 2006 (BIS, 2007). Part of this increase is attributed to a greater us ...
... of derivatives published by the Bank of International Settlements shows that the notional amount outstanding of over-the-counter derivatives increased from US$257.9 billion in December 2004 to US$415.8 billion in the same month in 2006 (BIS, 2007). Part of this increase is attributed to a greater us ...
Follow the money - Bretton Woods Project
... World Bank Group investment. The World Bank Group’s 2013 strategy says “private sector resources and expertise are critical to achieve the two goals” of ending extreme poverty by 2030 and boosting shared prosperity.1 The World Bank, a public body, invests directly in the private sector through the I ...
... World Bank Group investment. The World Bank Group’s 2013 strategy says “private sector resources and expertise are critical to achieve the two goals” of ending extreme poverty by 2030 and boosting shared prosperity.1 The World Bank, a public body, invests directly in the private sector through the I ...
Governed Portfolio 8 - Royal London for advisers
... Governed Portfolio 8 outperformed benchmark over 3 and 5 years to end of March 2016. The existing tactical position applied 02/06/2016 continues. No change required to benchmark asset allocation. We have reduced the exposure to equity (-1.00%), 10 year corporate bonds (-0.07%), 10 year index-linked ...
... Governed Portfolio 8 outperformed benchmark over 3 and 5 years to end of March 2016. The existing tactical position applied 02/06/2016 continues. No change required to benchmark asset allocation. We have reduced the exposure to equity (-1.00%), 10 year corporate bonds (-0.07%), 10 year index-linked ...
Contributed Session 45 - Financial Systems and Banking II
... Later in 2008, the Turkish Economic Association organized the 15. World Congress of the International Economic Association in Istanbul. The World Congresses are organized in every three years. This Second International Conference on Economics, ICE-TEA 2010, that we organized in Girne, is the third i ...
... Later in 2008, the Turkish Economic Association organized the 15. World Congress of the International Economic Association in Istanbul. The World Congresses are organized in every three years. This Second International Conference on Economics, ICE-TEA 2010, that we organized in Girne, is the third i ...
DIVIDEND POLICY Preface Regulation 43A of the SEBI (Listing
... In furtherance of Company’s objectives, the retained earnings of the Company shall be utilized for present & future capital requirements of the existing businesses including acquisitions, investments in subsidiaries/associates of the Company. ...
... In furtherance of Company’s objectives, the retained earnings of the Company shall be utilized for present & future capital requirements of the existing businesses including acquisitions, investments in subsidiaries/associates of the Company. ...
influence of liquidity on profitability - e
... costs resulting from their deterioration or aging, experiencing the loss amounting to their total value (Gajdka and Walińska, 2008, p. 467). Engaging resources in current assets brings some benefits and losses. If the losses (in shape of the cost of lost opportunities) begin to exceed the benefits, ...
... costs resulting from their deterioration or aging, experiencing the loss amounting to their total value (Gajdka and Walińska, 2008, p. 467). Engaging resources in current assets brings some benefits and losses. If the losses (in shape of the cost of lost opportunities) begin to exceed the benefits, ...
Financial Planning Research Journal - Volume 2. Issue 1 2016
... developed economies because of the presence of mandatory superannuation, a large managed funds pool and a strong social security system. Because of these factors international journals in the area of personal finance and/or investments may not suit an Australian audience. In addition, the rapid deve ...
... developed economies because of the presence of mandatory superannuation, a large managed funds pool and a strong social security system. Because of these factors international journals in the area of personal finance and/or investments may not suit an Australian audience. In addition, the rapid deve ...
International Financial Stability - International Center for Monetary
... International Center for Monetary and Banking Studies (ICMB) The International Center for Monetary and Banking Studies was created in 1973 as an independent, non-profit foundation. It is associated with Geneva’s Graduate Institute of International Studies. Its aim is to foster exchange of views bet ...
... International Center for Monetary and Banking Studies (ICMB) The International Center for Monetary and Banking Studies was created in 1973 as an independent, non-profit foundation. It is associated with Geneva’s Graduate Institute of International Studies. Its aim is to foster exchange of views bet ...
BIS 85th Annual Report - June 2015
... The global economy: where it is and where it may be going . . . . . . . . . . . . . . . . . . . . . . Looking back: recent evolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Looking ahead: risks and tensions . . . . . . . . . . . . . . . . . . . . . . ...
... The global economy: where it is and where it may be going . . . . . . . . . . . . . . . . . . . . . . Looking back: recent evolution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Looking ahead: risks and tensions . . . . . . . . . . . . . . . . . . . . . . ...
- amtek holdings berhad
... The Audit Committee is appointed by the Board of Directors from amongst their members and shall comprise of not less than three (3) members of whom a majority shall be Independent Non-Executive Directors of the Company. The members of the Audit Committee shall elect a Chairman from among their numbe ...
... The Audit Committee is appointed by the Board of Directors from amongst their members and shall comprise of not less than three (3) members of whom a majority shall be Independent Non-Executive Directors of the Company. The members of the Audit Committee shall elect a Chairman from among their numbe ...
Quantitative Easing - Pensions and Lifetime Savings Association
... The NAPF understands the reasons for the new round of QE and supports the objective of securing the economic recovery. But it is important to recognise the specific impacts of QE on pension funds, particularly in the short term. The NAPF would urge policy‐makers to consider the except ...
... The NAPF understands the reasons for the new round of QE and supports the objective of securing the economic recovery. But it is important to recognise the specific impacts of QE on pension funds, particularly in the short term. The NAPF would urge policy‐makers to consider the except ...
Equilibrium interest rate and liquidity premium under
... actively traded stocks averages around .5%. Moreover, transactions costs vary across assets ...
... actively traded stocks averages around .5%. Moreover, transactions costs vary across assets ...
The Link between Real Options and finance
... if it doesn’t. That observation leads to the assumption that the future value of such an investment can be best valued in a similar way to financial options, rather than by simply discounting the cash flows expected from it in future. In particular, option valuation takes into account the risks and ...
... if it doesn’t. That observation leads to the assumption that the future value of such an investment can be best valued in a similar way to financial options, rather than by simply discounting the cash flows expected from it in future. In particular, option valuation takes into account the risks and ...
A Model of Intertemporal Asset Prices Under Asymmetric
... on which of the two effects dominates. When noise trading is important, prices become more volatile as investors become less informed. Furthermore, we find that information asymmetry among investors can cause price volatility to increase. Under information asymmetry, more-informed investors trade on ...
... on which of the two effects dominates. When noise trading is important, prices become more volatile as investors become less informed. Furthermore, we find that information asymmetry among investors can cause price volatility to increase. Under information asymmetry, more-informed investors trade on ...
Notes to the - Old Chang Kee
... up to further moderate the demand for foreign workers with the view that the foreign share of the total workforce be kept to around one-third in the long term. Foreign workers levies will be increased in six-monthly intervals up to July 2013. Labour costs will increase and the Group expects that thi ...
... up to further moderate the demand for foreign workers with the view that the foreign share of the total workforce be kept to around one-third in the long term. Foreign workers levies will be increased in six-monthly intervals up to July 2013. Labour costs will increase and the Group expects that thi ...
Key Financial Ratios Tool - National Disability Services
... organisation should seek accounting and legal advice as it is possibly trading while insolvent. However, very high current ratios might indicate opportunities for the use of cash funds. This is because you might have more money in operating accounts than you need. These are idle funds. It may also i ...
... organisation should seek accounting and legal advice as it is possibly trading while insolvent. However, very high current ratios might indicate opportunities for the use of cash funds. This is because you might have more money in operating accounts than you need. These are idle funds. It may also i ...
Reporting Form SRF 530.0 Investments
... The asset class types are: cash, fixed income, equity, property, infrastructure, commodities and ‘other’. The asset domicile types are: Australia domicile, international domicile and ‘not applicable’. Where the domicile is not known, report domicile type as ‘not applicable’. The asset listing types ...
... The asset class types are: cash, fixed income, equity, property, infrastructure, commodities and ‘other’. The asset domicile types are: Australia domicile, international domicile and ‘not applicable’. Where the domicile is not known, report domicile type as ‘not applicable’. The asset listing types ...