The Anatomy of a Stock Market Winner
... This article analyzes characteristics of past stock market winners to see whether they may yield some insights into successful investment strategies. Earlierresearch has isolated a particular attribute (such as P/E or size) and then investigated its associated return behavior; we take the opposite t ...
... This article analyzes characteristics of past stock market winners to see whether they may yield some insights into successful investment strategies. Earlierresearch has isolated a particular attribute (such as P/E or size) and then investigated its associated return behavior; we take the opposite t ...
Monetary Policy, Financial Conditions, and Financial Stability
... 2) Banking sector: Easier monetary policy increases loan supply, but also contributes to higher leverage of banks and broker-dealers and greater risk taking (more credit to riskier firms). 3) Shadow banking: Easier monetary policy increases dealer-intermediated leverage that facilitates maturity and ...
... 2) Banking sector: Easier monetary policy increases loan supply, but also contributes to higher leverage of banks and broker-dealers and greater risk taking (more credit to riskier firms). 3) Shadow banking: Easier monetary policy increases dealer-intermediated leverage that facilitates maturity and ...
BSTDB: Navigating Through Uncertainty in the Black Sea Region
... United States in the years since the crisis. Whereas both suffered contractions in 2009, the US recovered much more rapidly and today output is higher than it was in 2008, whereas in the Eurozone (and much of the rest of the non-Eurozone EU) it is still below pre-crisis levels. The US stabilized its ...
... United States in the years since the crisis. Whereas both suffered contractions in 2009, the US recovered much more rapidly and today output is higher than it was in 2008, whereas in the Eurozone (and much of the rest of the non-Eurozone EU) it is still below pre-crisis levels. The US stabilized its ...
Robbing Peter to Pay Paul: Ponzi Schemes Throughout History
... in NASDAQ securities. Founded in 1960, Bernard L. Madoff Investment Securities LLC was mostly known for market making and acting as the middle man in the transaction of buying and selling stocks. He was a pillar in the securities industry, providing solid advice for almost 50 years. When he turned h ...
... in NASDAQ securities. Founded in 1960, Bernard L. Madoff Investment Securities LLC was mostly known for market making and acting as the middle man in the transaction of buying and selling stocks. He was a pillar in the securities industry, providing solid advice for almost 50 years. When he turned h ...
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... United Kingdom and rest of Europe: Except as otherwise specified herein, this material is communicated by UBS Limited, a subsidiary of UBS AG, to persons who are market counterparties or intermediate customers (as detailed in the FSA Rules) and is only available to such persons. The information cont ...
... United Kingdom and rest of Europe: Except as otherwise specified herein, this material is communicated by UBS Limited, a subsidiary of UBS AG, to persons who are market counterparties or intermediate customers (as detailed in the FSA Rules) and is only available to such persons. The information cont ...
Exchange Rates - Carleton University
... predetermined indicators or events that deem adjustment necessary 12 . The main objective is to allow adjustments in accordance with the parity in a less abrupt fashion than an adjustable peg. For example, under an adjustable peg, when authorities deem a change necessary the change can be very abrup ...
... predetermined indicators or events that deem adjustment necessary 12 . The main objective is to allow adjustments in accordance with the parity in a less abrupt fashion than an adjustable peg. For example, under an adjustable peg, when authorities deem a change necessary the change can be very abrup ...
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... Our group holdings, for example, include both retail and commercial banks that have helped us, collectively, maintain stability even in the most turbulent of times - particularly in terms of business-critical issues such as funding and current income on core activities. The fact that the diversifica ...
... Our group holdings, for example, include both retail and commercial banks that have helped us, collectively, maintain stability even in the most turbulent of times - particularly in terms of business-critical issues such as funding and current income on core activities. The fact that the diversifica ...
Repurchase agreements and the law
... borrower filed for bankruptcy, the lender could retain possession of the securities. In 2000, however, a court ruling in the bankruptcy of Criimi Mae, a publicly held commercial mortage REIT, took market ...
... borrower filed for bankruptcy, the lender could retain possession of the securities. In 2000, however, a court ruling in the bankruptcy of Criimi Mae, a publicly held commercial mortage REIT, took market ...
Perfect Storm - FSI WhitePaper
... definition of what wealth is is subject to change as social and economic circumstances evolve. It is important to recognize that since the 2008 crisis, circumstances have evolved. Firstly, the concept of wealth is not standardized and is ambiguous. It means different things to different people. “Wea ...
... definition of what wealth is is subject to change as social and economic circumstances evolve. It is important to recognize that since the 2008 crisis, circumstances have evolved. Firstly, the concept of wealth is not standardized and is ambiguous. It means different things to different people. “Wea ...
Setting up a Sovereign Wealth Fund: Some Policy and
... II. WHAT IS A SOVEREIGN WEALTH FUND? SWFs are defined as a special purpose investment fund or arrangement, owned by the general government.2 Created by the general government for macroeconomic purposes, SWFs hold, manage, or administer financial assets to achieve financial objectives, and employ a s ...
... II. WHAT IS A SOVEREIGN WEALTH FUND? SWFs are defined as a special purpose investment fund or arrangement, owned by the general government.2 Created by the general government for macroeconomic purposes, SWFs hold, manage, or administer financial assets to achieve financial objectives, and employ a s ...
Personal Finance: Turning Money Into Wealth, 5e (Keown)
... distribution of your wealth onto your heirs. A) long term planning B) beneficiary planning C) estate planning D) actuarial planning E) none of the above Answer: C Diff: 1 Topic: Estate Planning 10) When would be a good time to review and possibly adjust an effective financial plan? A) a really effec ...
... distribution of your wealth onto your heirs. A) long term planning B) beneficiary planning C) estate planning D) actuarial planning E) none of the above Answer: C Diff: 1 Topic: Estate Planning 10) When would be a good time to review and possibly adjust an effective financial plan? A) a really effec ...
Risk Allocation, Debt Fueled Expansion and Financial Crisis ∗ Paul Beaudry
... the amount of “risk capital” available in the economy. As more risk capital is offered on the market by risk tolerant individuals, the risk premium decreases and employment expands. The opposite happens if this risk capital is depleted. The strong role of risk capital in determining macro-economic p ...
... the amount of “risk capital” available in the economy. As more risk capital is offered on the market by risk tolerant individuals, the risk premium decreases and employment expands. The opposite happens if this risk capital is depleted. The strong role of risk capital in determining macro-economic p ...
The Financial Intermediation Premium in the Cross Section of Stock
... emerging in the financial sector. The financial industry has proved to be an important cogwheel in the economic mechanism. In good times, it is an essential source of financing for firms and a stimulus of growth. However, as Minsky (1969) argues, this economic stability and growth may be illusory, b ...
... emerging in the financial sector. The financial industry has proved to be an important cogwheel in the economic mechanism. In good times, it is an essential source of financing for firms and a stimulus of growth. However, as Minsky (1969) argues, this economic stability and growth may be illusory, b ...
notes to the financial statements
... in December 2015. The total number of shares traded declined by 17.3% to 6.8Billion shares compared to an increase of 7.4% to 8.1billion recorded in 2014. YEAR 2015 RESULTS The company performance was significantly better compared to last year especially in the gross premium income which grew signif ...
... in December 2015. The total number of shares traded declined by 17.3% to 6.8Billion shares compared to an increase of 7.4% to 8.1billion recorded in 2014. YEAR 2015 RESULTS The company performance was significantly better compared to last year especially in the gross premium income which grew signif ...
Funding Constraints, Market Liquidity, and Financial Crises
... called in their stock loans. The action could trigger a liquidity spiral and lead to a financial crisis. US financial markets were particularly vulnerable to a financial crisis during the fall harvest season. Indeed, some of the largest financial crisis of the nineteenth and early twentieth century ...
... called in their stock loans. The action could trigger a liquidity spiral and lead to a financial crisis. US financial markets were particularly vulnerable to a financial crisis during the fall harvest season. Indeed, some of the largest financial crisis of the nineteenth and early twentieth century ...
The Evolution of Diversification
... access global capital markets but have also increased linkages in risk across different regions. Statistically speaking, the correlation between global economies has posed new challenges for achieving effective diversification. Markets that are highly correlated tend to respond to changes in the bus ...
... access global capital markets but have also increased linkages in risk across different regions. Statistically speaking, the correlation between global economies has posed new challenges for achieving effective diversification. Markets that are highly correlated tend to respond to changes in the bus ...
Fintech and Disruptive Business Models in Financial Products
... development of highly leveraged products, such as synthetic exchangetraded funds serve primarily speculative purposes instead of genuinely beneficial economic purposes.25 Regulatory arbitrage is a major driver of financial innovation.26 For example, the development of processes to liquify long-term ...
... development of highly leveraged products, such as synthetic exchangetraded funds serve primarily speculative purposes instead of genuinely beneficial economic purposes.25 Regulatory arbitrage is a major driver of financial innovation.26 For example, the development of processes to liquify long-term ...
PBE Paper II Management Accounting and Finance
... XYZ has just obtained a big contract which has a very high chance of resulting in a sustainable profit increase for at least 10 years. The company just also sold a major asset and realised $100M in cash which the Directors are planning to return to shareholders. The relevant information is not made ...
... XYZ has just obtained a big contract which has a very high chance of resulting in a sustainable profit increase for at least 10 years. The company just also sold a major asset and realised $100M in cash which the Directors are planning to return to shareholders. The relevant information is not made ...
Macroprudential Regulation and Macroeconomic Activity
... necessary to derive some intuitive analytical results. Additionally, there is no capital requirement constraint in that model. I will try to explore macroprudential policy in this paper keeping the set up similar to Aiyagari and Gertler (1999) and Gertler and Kiyotaki (2010). I pose the problem a b ...
... necessary to derive some intuitive analytical results. Additionally, there is no capital requirement constraint in that model. I will try to explore macroprudential policy in this paper keeping the set up similar to Aiyagari and Gertler (1999) and Gertler and Kiyotaki (2010). I pose the problem a b ...
Part 5 Clearing and settlement facilities
... (a) to a body corporate approved under section 770 of the Corporations Act as an approved securities organisation; or (b) in accordance with conditions imposed by the Minister when approving under section 770A of the Corporations Act a stock market for electronic trading of interests in a registered ...
... (a) to a body corporate approved under section 770 of the Corporations Act as an approved securities organisation; or (b) in accordance with conditions imposed by the Minister when approving under section 770A of the Corporations Act a stock market for electronic trading of interests in a registered ...