Banks bailout, time-consistency and distributional effects
... several redistributive channels: the bailout reduces the after tax wage of all agents, lowers the loss of either depositors or bankers or potentially both and a higher share of risky assets increases the total income of bankers. The redistributive impact of a bailout is thus subtle. We compare the ...
... several redistributive channels: the bailout reduces the after tax wage of all agents, lowers the loss of either depositors or bankers or potentially both and a higher share of risky assets increases the total income of bankers. The redistributive impact of a bailout is thus subtle. We compare the ...
x - World Bank
... also creates refinancing risks for projects with longer tenor requirements. Local currency is also typically more expensive than FX, due to higher prevailing interest rates in SSA countries. ...
... also creates refinancing risks for projects with longer tenor requirements. Local currency is also typically more expensive than FX, due to higher prevailing interest rates in SSA countries. ...
Tax-Free Savings Accounts
... main considerations is your current and future levels of taxation. Generally, savers who expect to have the same or lower tax rates during retirement as during their working years benefit more from the RRSP, while others would benefit more from a TFSA. In choosing between the two accounts, individua ...
... main considerations is your current and future levels of taxation. Generally, savers who expect to have the same or lower tax rates during retirement as during their working years benefit more from the RRSP, while others would benefit more from a TFSA. In choosing between the two accounts, individua ...
Audited Financial Statements June 30, 2010
... Basis of Presentation The Corporation’s annual financial statements include a Management’s Discussion and Analysis (MD&A) section and basic financial statements. The basic financial statements include a Governmental Funds Balance Sheet / Statement of Net Assets, a Statement of Governmental Fund Reve ...
... Basis of Presentation The Corporation’s annual financial statements include a Management’s Discussion and Analysis (MD&A) section and basic financial statements. The basic financial statements include a Governmental Funds Balance Sheet / Statement of Net Assets, a Statement of Governmental Fund Reve ...
Appendix B.4: Banking Contagion Index results
... through the larger banks of the industry in order to keep the systemic risk low. Governments apparently think that it is most efficient, in case of financial turmoil, to bail out large banks. The rationing seems clear, large banks have the most linkages to other banks; have most depositors; have a s ...
... through the larger banks of the industry in order to keep the systemic risk low. Governments apparently think that it is most efficient, in case of financial turmoil, to bail out large banks. The rationing seems clear, large banks have the most linkages to other banks; have most depositors; have a s ...
For general ART enquiries: Peter Allen Head of Alternative Risk
... for pricing and managing these have been developed by the banking and capital market industries. We have applied these techniques to model the loss experience of a syndicate writing a portfolio of credit enhancement business in order to investigate the resilience of the financial guarantee capitalis ...
... for pricing and managing these have been developed by the banking and capital market industries. We have applied these techniques to model the loss experience of a syndicate writing a portfolio of credit enhancement business in order to investigate the resilience of the financial guarantee capitalis ...
The Diversified Portfolio Index
... securities that work well, an active trader would continue to make trades until reaching the point where having done nothing would have been better. Even hindsight could not provide me with a particular style that would have provided better than average performance for a standard portfolio. While eq ...
... securities that work well, an active trader would continue to make trades until reaching the point where having done nothing would have been better. Even hindsight could not provide me with a particular style that would have provided better than average performance for a standard portfolio. While eq ...
Infrastructure for Development - Africa
... o BRICS keen to expand their commercial and strategic links with resource rich countries, mostly pursuing this through bilateral deals. A new bank could help achieve such objective with less financial and political exposure with a multi-lateral approach ...
... o BRICS keen to expand their commercial and strategic links with resource rich countries, mostly pursuing this through bilateral deals. A new bank could help achieve such objective with less financial and political exposure with a multi-lateral approach ...
Präsentationstitel max. zweizeilig
... Detail design needs to consider at least the following: Enable upfront financing ...
... Detail design needs to consider at least the following: Enable upfront financing ...
Dynamic Scenario Generator
... The five characteristics listed above, and in particular the fourth one, embody the “clear set of assumptions” from the stated scenario definition. In order to arrive at scenarios that are fully consistent with these requirements, the DSG employs a unique combination of statistical and econometric t ...
... The five characteristics listed above, and in particular the fourth one, embody the “clear set of assumptions” from the stated scenario definition. In order to arrive at scenarios that are fully consistent with these requirements, the DSG employs a unique combination of statistical and econometric t ...
Bubbles and Crashes with Partially Sophisticated Investors!
... 84% of institutional investors thought that the market was overpriced; 78% of them thought that this belief was shared by the rest of investors and, still, 93% of them were net buyers. There are also several anecdotes about this. For example, Eric Janszen, a leading commentator of speculative phenom ...
... 84% of institutional investors thought that the market was overpriced; 78% of them thought that this belief was shared by the rest of investors and, still, 93% of them were net buyers. There are also several anecdotes about this. For example, Eric Janszen, a leading commentator of speculative phenom ...
the paper in PDF format
... resurgence of interest on the impact of financial market integration on both emerging and developing economies. While there might be some short-run side effects, it has been argued that in the long-run financial integration by encouraging financial development can provide a boost to the economy.1 Fi ...
... resurgence of interest on the impact of financial market integration on both emerging and developing economies. While there might be some short-run side effects, it has been argued that in the long-run financial integration by encouraging financial development can provide a boost to the economy.1 Fi ...
Causes, Effects and Regulatory Implications of Financial and
... issues concentrate on two broad areas, namely macroeconomic effects, which seemed to have a major impact on the confidence in market fundamentals, and effects on the markets themselves. Clearly, there may be instances in which it is not so easy to delineate between certain causes and effects, given ...
... issues concentrate on two broad areas, namely macroeconomic effects, which seemed to have a major impact on the confidence in market fundamentals, and effects on the markets themselves. Clearly, there may be instances in which it is not so easy to delineate between certain causes and effects, given ...
T3.1 Chapter Outline
... Financial Statements and the role of Corporate Finance capital budgeting - where and how much should we invest long term financing - capital structure short term financing - working capital management risk management - derivative securities and hedging A good working knowledge of financi ...
... Financial Statements and the role of Corporate Finance capital budgeting - where and how much should we invest long term financing - capital structure short term financing - working capital management risk management - derivative securities and hedging A good working knowledge of financi ...
Outsourced investment management: what it offers the long
... over the years, and many different kinds of firms now tout their outsourcing capabilities. However, their services can vary markedly from each other, leading to valid questions about what actually constitutes outsourcing. Yet one trend is clear: More and more organizations are outsourcing the manage ...
... over the years, and many different kinds of firms now tout their outsourcing capabilities. However, their services can vary markedly from each other, leading to valid questions about what actually constitutes outsourcing. Yet one trend is clear: More and more organizations are outsourcing the manage ...
Kiss Me Deadly: From Finnish Great Depression to Great Recession
... collapse of trade with the disintegrating Soviet Union in the first months of 1991. Before the crisis USSR was, alongside Sweden, a major trading partner of Finland. As argued by Gorodnichenko et al. (2012) this shock translated into higher production input costs for Finland. According to them, the ...
... collapse of trade with the disintegrating Soviet Union in the first months of 1991. Before the crisis USSR was, alongside Sweden, a major trading partner of Finland. As argued by Gorodnichenko et al. (2012) this shock translated into higher production input costs for Finland. According to them, the ...
Commercial Real Estate - PowerPoint Presentation for Chapter 22
... © 2014 OnCourse Learning. All Rights Reserved. ...
... © 2014 OnCourse Learning. All Rights Reserved. ...
Briefing Note - Good News on Audit Requirements
... Many of these were small organisations, but between these 70 employers they owed workers a total of more than £157,000. A further 90 care companies are also being investigated by officers after allegations were raised by whistleblowers. This might sound like the actions of unscrupulous pa masters, b ...
... Many of these were small organisations, but between these 70 employers they owed workers a total of more than £157,000. A further 90 care companies are also being investigated by officers after allegations were raised by whistleblowers. This might sound like the actions of unscrupulous pa masters, b ...
Financial Liberalization: Poverty Trap or Chaos
... an intermediate level of financial development is unstable. This prediction is not consistent with the world financial crisis in 2008 when even the most developed financial markets in Europe and in the USA were not immune to typical forces of financial crises. Our model shows that the economy fluctu ...
... an intermediate level of financial development is unstable. This prediction is not consistent with the world financial crisis in 2008 when even the most developed financial markets in Europe and in the USA were not immune to typical forces of financial crises. Our model shows that the economy fluctu ...
Overborrowing and Systemic Externalities in the Business Cycle ∗
... effects. As in the theoretical literature (e.g. Lorenzoni, 2008), we analyze constrained efficiency by considering a social planner that faces the same financial constraints as the private economy, but internalizes the price effects of its borrowing decisions. Unlike the existing literature, we cond ...
... effects. As in the theoretical literature (e.g. Lorenzoni, 2008), we analyze constrained efficiency by considering a social planner that faces the same financial constraints as the private economy, but internalizes the price effects of its borrowing decisions. Unlike the existing literature, we cond ...