The United Kingdom`s quantitative easing policy
... choose to invest in foreign assets. However, to do so they would need to change their sterling for foreign currency, putting downward pressure on the exchange rate. And, since all central bank money has to be held by someone, those who received the sterling might then choose to invest in other sterl ...
... choose to invest in foreign assets. However, to do so they would need to change their sterling for foreign currency, putting downward pressure on the exchange rate. And, since all central bank money has to be held by someone, those who received the sterling might then choose to invest in other sterl ...
2014 Annual Report - Aquatic Foods Group
... local markets, Aquatic Foods believes that a public profile on ...
... local markets, Aquatic Foods believes that a public profile on ...
Adjusted operating income excludes “Realized
... Adjusted operating income excludes “Realized investment gains (losses), net,” (other than those representing profit or loss of certain of our business which primarily originate investments for sale or syndication to unrelated investors, and those associated with terminating hedges of foreign currenc ...
... Adjusted operating income excludes “Realized investment gains (losses), net,” (other than those representing profit or loss of certain of our business which primarily originate investments for sale or syndication to unrelated investors, and those associated with terminating hedges of foreign currenc ...
Macro, Money and Finance: A Continuous
... The recent financial crisis in the US and the subsequent Euro Crisis are vivid reminders of the importance of financial frictions in understanding macroeconomic trends and cycles. While financial markets are self-stabilizing in normal times, economies become vulnerable to a crisis after a run up of ...
... The recent financial crisis in the US and the subsequent Euro Crisis are vivid reminders of the importance of financial frictions in understanding macroeconomic trends and cycles. While financial markets are self-stabilizing in normal times, economies become vulnerable to a crisis after a run up of ...
Contagion of Sovereign Default Risk: the Role of Two Financial
... have already observed that during Mexico’s tequila crisis of 1994, Mexico’s neighboring countries such as Argentina and Brazil also suffered from an increase in their sovereign bond yields. Despite an extensive literature on financial contagion, there is not yet a uniform definition of what constitu ...
... have already observed that during Mexico’s tequila crisis of 1994, Mexico’s neighboring countries such as Argentina and Brazil also suffered from an increase in their sovereign bond yields. Despite an extensive literature on financial contagion, there is not yet a uniform definition of what constitu ...
PDF 2.55 MB - KNOT Offshore Partners LP
... Except for the historical information contained herein, the matters discussed in this presentation include forward-looking statements that involve risks and uncertainties. These risks and uncertainties include, among other things, market conditions and other factors that are described in KNOT Offsho ...
... Except for the historical information contained herein, the matters discussed in this presentation include forward-looking statements that involve risks and uncertainties. These risks and uncertainties include, among other things, market conditions and other factors that are described in KNOT Offsho ...
Single Point of Entry and the Bankruptcy
... Bernanke both asserted that the restrictions prevented them from providing rescue funding. Because Lehman did not have adequate collateral, the reasoning went, the Federal Reserve could not make an emergency loan and therefore was forced to let Lehman default.8 Although their claim that the Fed coul ...
... Bernanke both asserted that the restrictions prevented them from providing rescue funding. Because Lehman did not have adequate collateral, the reasoning went, the Federal Reserve could not make an emergency loan and therefore was forced to let Lehman default.8 Although their claim that the Fed coul ...
Review of Research in the NBER Program in International Finance
... Robert J. Barro and José Ursúa study the relationship between sharp declines in stock market values and economic activity using a sample of 25 nations for the period since World War I. They conclude that conditional on a non-wartime stock market decline of more than 25 percent, which the United Sta ...
... Robert J. Barro and José Ursúa study the relationship between sharp declines in stock market values and economic activity using a sample of 25 nations for the period since World War I. They conclude that conditional on a non-wartime stock market decline of more than 25 percent, which the United Sta ...
Financialization and Neoliberalism
... Dumenil and Levy (2005, 38) found that in France the rate of profit of financial corporations was far below that of nonfinancial corporations in the early 1980s, but by the late 1990s the financial profit rate had far surpassed that for nonfinancials. Epstein and Jayadev (2005, 51-52) found that the ...
... Dumenil and Levy (2005, 38) found that in France the rate of profit of financial corporations was far below that of nonfinancial corporations in the early 1980s, but by the late 1990s the financial profit rate had far surpassed that for nonfinancials. Epstein and Jayadev (2005, 51-52) found that the ...
Can We Predict the Next Capital Account Crisis?
... detecting nonlinearities, which is critical when an indicator has information content only for values beyond certain thresholds. In theory, standard regression techniques (e.g., probit or logit models) could be used for similar purposes. However, even for a very small set of ...
... detecting nonlinearities, which is critical when an indicator has information content only for values beyond certain thresholds. In theory, standard regression techniques (e.g., probit or logit models) could be used for similar purposes. However, even for a very small set of ...
Modelling Financial Instability: A Survey of the
... root of banks’ vulnerability to runs. Section 3 reviews models of bank runs based on coordination failure. Coordination failure can cause one bank or an entire banking system to fail. However, in the absence of linkages between banks in the form of information spillovers or credit exposures, whether ...
... root of banks’ vulnerability to runs. Section 3 reviews models of bank runs based on coordination failure. Coordination failure can cause one bank or an entire banking system to fail. However, in the absence of linkages between banks in the form of information spillovers or credit exposures, whether ...
Optimal Time-Consistent Macroprudential Policy
... This paper differs from the above quantitative studies in several important aspects. First, it focuses on asset prices as a key factor driving debt dynamics and the pecuniary externality, instead of the relative price of nontradable goods. This is important because private debt contracts, particular ...
... This paper differs from the above quantitative studies in several important aspects. First, it focuses on asset prices as a key factor driving debt dynamics and the pecuniary externality, instead of the relative price of nontradable goods. This is important because private debt contracts, particular ...
Investment policy statement - Giving to CU
... 2. International Equities: Equity investment opportunities outside of the United States shall be used as a portfolio diversification strategy. Exposure to international equities in developed and emerging markets provide opportunities to participate in growing economies outside of the United States, ...
... 2. International Equities: Equity investment opportunities outside of the United States shall be used as a portfolio diversification strategy. Exposure to international equities in developed and emerging markets provide opportunities to participate in growing economies outside of the United States, ...
Market and Public Liquidity
... that satisfies these inequalities. For θ = .35 the immediate and delayed trading equilibrium are such that (Mi∗ , m∗i ) = (.0169, .9358) and (Md∗ , m∗d ) = (.0540, .4860), respectively. Moreover, although both equilibria are interim efficient, it can be shown that the delayed trading equilibrium (we ...
... that satisfies these inequalities. For θ = .35 the immediate and delayed trading equilibrium are such that (Mi∗ , m∗i ) = (.0169, .9358) and (Md∗ , m∗d ) = (.0540, .4860), respectively. Moreover, although both equilibria are interim efficient, it can be shown that the delayed trading equilibrium (we ...
Solactive US Quality Dividend Low Volatility Index
... content in this publication originating from other organizational units at Vontobel or third parties are marked as such with reference to the source. The legally applicable product documentation (listing prospectus) consists of the definitive term sheet with the final terms and the issue programme r ...
... content in this publication originating from other organizational units at Vontobel or third parties are marked as such with reference to the source. The legally applicable product documentation (listing prospectus) consists of the definitive term sheet with the final terms and the issue programme r ...
Personal Finance on the Web
... Sites run by mutual fund families, online brokerage firms, and even financial magazines have become major players in the field. Personal finance and financial planning are truly hot topics on the Web. The Web is now able to meet the many different personal finance needs of investors. Personal financ ...
... Sites run by mutual fund families, online brokerage firms, and even financial magazines have become major players in the field. Personal finance and financial planning are truly hot topics on the Web. The Web is now able to meet the many different personal finance needs of investors. Personal financ ...
111219734-Change Shareholding Pattern
... Change in Shareholding Pattern of IDFC Asset Management Company Ltd. The following paragraph will be inserted under the heading Information about Sponsor, AMC and Trustee Companies in the Section D - Asset Management Company: Pursuant to RBI’s requirements for banking license, IDFC Ltd. has transfer ...
... Change in Shareholding Pattern of IDFC Asset Management Company Ltd. The following paragraph will be inserted under the heading Information about Sponsor, AMC and Trustee Companies in the Section D - Asset Management Company: Pursuant to RBI’s requirements for banking license, IDFC Ltd. has transfer ...
Risk and Return
... aversion. But they may NOT have the same portion of their wealth in the two assets. ...
... aversion. But they may NOT have the same portion of their wealth in the two assets. ...