Macroprudential Policy: Promise and Challenges * By Enrique G
... that credit booms, albeit infrequent, should be prevented because they end in deep, protracted crises. This view is consistent with the findings of empirical studies. For instance, the event analysis of credit booms by Mendoza and Terrones (2012) shows that credit booms occur with a frequency of onl ...
... that credit booms, albeit infrequent, should be prevented because they end in deep, protracted crises. This view is consistent with the findings of empirical studies. For instance, the event analysis of credit booms by Mendoza and Terrones (2012) shows that credit booms occur with a frequency of onl ...
June - sibstc
... Factoring was used as an informal mode of financing to the Merchants in England prior to 1400. Originally the financiers (factors) took physical possession of the goods and against the same provided cash advances to the producer/supplier. Later on, the concept was extended to finance the credit exte ...
... Factoring was used as an informal mode of financing to the Merchants in England prior to 1400. Originally the financiers (factors) took physical possession of the goods and against the same provided cash advances to the producer/supplier. Later on, the concept was extended to finance the credit exte ...
MID-TERM #1
... Balance Sheet: States the organization’s financial position for a period of time. Income Statement: States the organization’s earnings for a period of time. Statement of Cash Flows: State the organization’s cash receipts and cash disbursements for a period of time. Statement of Owner’s Equity: State ...
... Balance Sheet: States the organization’s financial position for a period of time. Income Statement: States the organization’s earnings for a period of time. Statement of Cash Flows: State the organization’s cash receipts and cash disbursements for a period of time. Statement of Owner’s Equity: State ...
Real and financial crises in the Keynes-Kalecki structuralist model:
... firms, shown as dark squares, make deposits with their resident financial agents, represented by numbered circles. Financial agents must then decide whether to grant loan requests to deficit firms, shown as light squares. The decision of financial agents is also binary: lend/do not lend. This decisi ...
... firms, shown as dark squares, make deposits with their resident financial agents, represented by numbered circles. Financial agents must then decide whether to grant loan requests to deficit firms, shown as light squares. The decision of financial agents is also binary: lend/do not lend. This decisi ...
Kiss me deadly: From Finnish great depression to great recession
... transmission by the ravaged domestic financial system and the shocks originating within it, the collapse of Finnish–Soviet trade would have had a considerably smaller impact on Finnish GDP. It was the eponymous “deadly kiss” of the financial sector that turned the Finnish economy into a true film n ...
... transmission by the ravaged domestic financial system and the shocks originating within it, the collapse of Finnish–Soviet trade would have had a considerably smaller impact on Finnish GDP. It was the eponymous “deadly kiss” of the financial sector that turned the Finnish economy into a true film n ...
A How To Read Performance Report Guide
... including interest and dividends that are paid to cash. ...
... including interest and dividends that are paid to cash. ...
Financial Crises and Financial Dependence
... economically significant: On average, in a country experiencing a banking crisis, a sector at the 75th percentile of external dependence and located in a country at the 75th percentile of private credit to GDP would experience a 1.6 percent greater contraction in growth in value added between the cr ...
... economically significant: On average, in a country experiencing a banking crisis, a sector at the 75th percentile of external dependence and located in a country at the 75th percentile of private credit to GDP would experience a 1.6 percent greater contraction in growth in value added between the cr ...
Annuities Market in Kenya - Retirement Benefits Authority
... directly lead to incentives for risk-taking by financial institutions, even abstracting from the safety net. In a structurally regulated market, e.g. with controls on new entry, where institutions have a degree of market power, the charter is a capital asset. Then banks/insurance companies have ince ...
... directly lead to incentives for risk-taking by financial institutions, even abstracting from the safety net. In a structurally regulated market, e.g. with controls on new entry, where institutions have a degree of market power, the charter is a capital asset. Then banks/insurance companies have ince ...
Financial Stability Paper No. 35: Measuring the macroeconomic
... difficulty during the crisis was that they had levels of equity capital that were too low relative to the risks they were taking. The high economic cost of the crisis, and the role that banks played, provide the rationale for regulatory capital requirements. These are designed to ensure that banks a ...
... difficulty during the crisis was that they had levels of equity capital that were too low relative to the risks they were taking. The high economic cost of the crisis, and the role that banks played, provide the rationale for regulatory capital requirements. These are designed to ensure that banks a ...
A Theory of Salient Economic Fluctuations
... In the model, investors can hire workers whose productivity is unknown. When deciding how many workers to hire, investors perceive an expected productivity of these workers. If the payoff associated with high productivity stands out compared to its downside, investors will tend to distort the expect ...
... In the model, investors can hire workers whose productivity is unknown. When deciding how many workers to hire, investors perceive an expected productivity of these workers. If the payoff associated with high productivity stands out compared to its downside, investors will tend to distort the expect ...
this Paper - Post-Keynesian Economics Study Group
... 2.1. Marxian theories of crisis: an overview The common denominator on which Marxists agree is that the capitalist system is inherently unstable because its internal contradictions will periodically result in a fall of the rate of profit to a point at which capital accumulation is negatively affecte ...
... 2.1. Marxian theories of crisis: an overview The common denominator on which Marxists agree is that the capitalist system is inherently unstable because its internal contradictions will periodically result in a fall of the rate of profit to a point at which capital accumulation is negatively affecte ...
Focusing on Long-Term Return Objectives in a Low Return World
... assumptions used by many today. Investors in a situation like the one contemplated above have three options: ...
... assumptions used by many today. Investors in a situation like the one contemplated above have three options: ...
Statutory Issue Paper No. 4 Definition of Assets and Nonadmitted
... position and is consistent with the Statutory Accounting Principles Statement of Concepts and Statutory Hierarchy (Statement of Concepts). Currently, statutory accounting does not address the general definition of assets as used in the statutory accounting model. Furthermore, statutory accounting is ...
... position and is consistent with the Statutory Accounting Principles Statement of Concepts and Statutory Hierarchy (Statement of Concepts). Currently, statutory accounting does not address the general definition of assets as used in the statutory accounting model. Furthermore, statutory accounting is ...
November 13, 2005
... Financial globalization, or increasing cross-border capital flows, has the potential to bring a variety of benefits to recipient countries. In theory, financial globalization could raise a country’s economic growth rate through a number of channels, including augmenting domestic savings for local in ...
... Financial globalization, or increasing cross-border capital flows, has the potential to bring a variety of benefits to recipient countries. In theory, financial globalization could raise a country’s economic growth rate through a number of channels, including augmenting domestic savings for local in ...
EU - Myanmar Bilateral Investment Treaty Briefing
... 2007, Italian investors sued South Africa over its Black Economic Empowerment Act which aims to redress some of the injustices of the apartheid regime. It requires, for example, mining companies to transfer a portion of their shares into the hands of black investors. The dispute (under South Africa’ ...
... 2007, Italian investors sued South Africa over its Black Economic Empowerment Act which aims to redress some of the injustices of the apartheid regime. It requires, for example, mining companies to transfer a portion of their shares into the hands of black investors. The dispute (under South Africa’ ...
Financial Intermediaries and Transaction Costs
... a Walrasian auctioneer to whom buyers and sellers submit their demand and supply curves. Agents may also form a financial intermediary. In this case, agents set up a bank where they deposit their endowments and receive a demandable debt security that entitles the holder to withdraw r1 after one year ...
... a Walrasian auctioneer to whom buyers and sellers submit their demand and supply curves. Agents may also form a financial intermediary. In this case, agents set up a bank where they deposit their endowments and receive a demandable debt security that entitles the holder to withdraw r1 after one year ...
The Flight from Maturity*
... remarkable. The tendency for the ABCP maturity to shorten moves very closely with counterparty risk, as bank counterparties become riskier, their conduits are kept on a much shorter leash in terms of maturity in the CP market. The measure of interbank risk is an indicator of the likelihood that the ...
... remarkable. The tendency for the ABCP maturity to shorten moves very closely with counterparty risk, as bank counterparties become riskier, their conduits are kept on a much shorter leash in terms of maturity in the CP market. The measure of interbank risk is an indicator of the likelihood that the ...
Causative Factors of Downturn in Growth and Performance of Stock
... investors pessimistic as they fear of the blockage their savings due to the uncertain condition of the stock market. Simultaneously, when the national investor faces obstacles with political changes, an international investor also faces the risk of loosing assets when a new ruler takes over or an ex ...
... investors pessimistic as they fear of the blockage their savings due to the uncertain condition of the stock market. Simultaneously, when the national investor faces obstacles with political changes, an international investor also faces the risk of loosing assets when a new ruler takes over or an ex ...
AP8200-investment
... their ability to make impartial investment decisions. Employees and investment officials shall disclose to the Vice President of Administrative Services any material financial interests in financial institutions that conduct business within this jurisdiction, and they shall further disclose any pers ...
... their ability to make impartial investment decisions. Employees and investment officials shall disclose to the Vice President of Administrative Services any material financial interests in financial institutions that conduct business within this jurisdiction, and they shall further disclose any pers ...