The Regulatory Responses to the Global Financial Crisis
... catch up with new developments, in part due to political processes and capture, and failed to restrict excessive risk-taking. Risks, notably in the 'shadow banking system' but also at large, internationally active banks, were permitted to grow without much oversight, leading eventually to both bank ...
... catch up with new developments, in part due to political processes and capture, and failed to restrict excessive risk-taking. Risks, notably in the 'shadow banking system' but also at large, internationally active banks, were permitted to grow without much oversight, leading eventually to both bank ...
Banking crises in New Zealand: an historical overview.
... This global financial shock follows a somewhat familiar historical pattern of debt accumulation and increased financial leverage, mediated by innovation in financial markets that has occasionally resulted in a violent cathartic unwinding of accumulated financial imbalances. As Reinhart and Rogoff ex ...
... This global financial shock follows a somewhat familiar historical pattern of debt accumulation and increased financial leverage, mediated by innovation in financial markets that has occasionally resulted in a violent cathartic unwinding of accumulated financial imbalances. As Reinhart and Rogoff ex ...
Assessing the Impact of Fair Value upon Financial Crises
... Usually the reform of accounting principles in accordance with fair value is assumed to provide better information about the financial situation of firms. Consequently the related transparency should reinforce the resilience of the economy to shocks and thus prevent severe financial crises. A carefu ...
... Usually the reform of accounting principles in accordance with fair value is assumed to provide better information about the financial situation of firms. Consequently the related transparency should reinforce the resilience of the economy to shocks and thus prevent severe financial crises. A carefu ...
Balance Mechanics and Macroeconomic Paradoxes
... if there is excess planned saving through revenue surpluses, there will be an excess supply of goods and services, labour, and/or a shortfall in capital income, which in case of debt instruments amounts to default decline in revenues increases risk of default link to other paradoxes ...
... if there is excess planned saving through revenue surpluses, there will be an excess supply of goods and services, labour, and/or a shortfall in capital income, which in case of debt instruments amounts to default decline in revenues increases risk of default link to other paradoxes ...
the enlightenment and the financial crisis of 2008: an
... assume that all individuals have the same estimates for the expected return, variance, and covariance of securities.38 (Finance theorists refer to this assumption as the “homogeneous expectations” theory.39) It is important to note that it is not necessary that all market actors are rational or inde ...
... assume that all individuals have the same estimates for the expected return, variance, and covariance of securities.38 (Finance theorists refer to this assumption as the “homogeneous expectations” theory.39) It is important to note that it is not necessary that all market actors are rational or inde ...
Preview - American Economic Association
... absorbed the loss. California S&Ls also used millions of dollars of insured deposits to invest in risky junk bonds, as well as fuel speculative land development in other states such as Arizona (see Pilzer, 1989, chs. 5 and 6). The bottom line, generalizing across some of the regional differences, is ...
... absorbed the loss. California S&Ls also used millions of dollars of insured deposits to invest in risky junk bonds, as well as fuel speculative land development in other states such as Arizona (see Pilzer, 1989, chs. 5 and 6). The bottom line, generalizing across some of the regional differences, is ...
How to foster investments in long-term assets such as
... strategic infrastructure projects contributing to long term growth. Indeed a virtuous circle could be created whereby investments are made by local pension funds into infrastructure that would benefit the community, and at the same time generate returns that will fund the pension payments of future ...
... strategic infrastructure projects contributing to long term growth. Indeed a virtuous circle could be created whereby investments are made by local pension funds into infrastructure that would benefit the community, and at the same time generate returns that will fund the pension payments of future ...
Taiwan Stock Bubble Burst in the late 1980s: A
... believed that the weighted index would reach 10000 points. They strongly believed that government who needed voter’s supports would not make the bubble burst. As a matter of fact, the government did finally give up the adoption of capital gain tax policy in order not to anger the investors, so the ...
... believed that the weighted index would reach 10000 points. They strongly believed that government who needed voter’s supports would not make the bubble burst. As a matter of fact, the government did finally give up the adoption of capital gain tax policy in order not to anger the investors, so the ...
Financialization in the Extreme - Political Economy Research Institute
... high income elasticity of import demand and some degree of automatic fiscal stabilizers undergoes an economic boom during an equity bubble, the Keynes/Kalecki profit equation shows why the business sector is likely to be locked into a path of rapid debt accumulation. The profit share falls away, des ...
... high income elasticity of import demand and some degree of automatic fiscal stabilizers undergoes an economic boom during an equity bubble, the Keynes/Kalecki profit equation shows why the business sector is likely to be locked into a path of rapid debt accumulation. The profit share falls away, des ...
insurers represent 40% of banks` market cap In USA: insurers
... Companies will have to meet demand for new products and services ...
... Companies will have to meet demand for new products and services ...
Human Capital and the Theory of Life-Cycle
... payment of tuition instead of a payment of a specific dollar amount). In fact, a key implication of lifecycle investing is that there are safe investments, and further, that safe investments are appropriate as the base layer of personal wealth, an idea that is quite different than the notion that st ...
... payment of tuition instead of a payment of a specific dollar amount). In fact, a key implication of lifecycle investing is that there are safe investments, and further, that safe investments are appropriate as the base layer of personal wealth, an idea that is quite different than the notion that st ...
Innovative Financial Instruments for First-of-a-Kind commercial
... Key conclusions from the study There has been a failure hitherto to grasp the scale of finance required Current over-reliance on grants within EU and MS schemes Corporate sponsors are a key constituent party in the support mix However - Utilities no longer have finance, and Major engineer ...
... Key conclusions from the study There has been a failure hitherto to grasp the scale of finance required Current over-reliance on grants within EU and MS schemes Corporate sponsors are a key constituent party in the support mix However - Utilities no longer have finance, and Major engineer ...
Commissioner Statements_ 9-17
... created or exacerbated these problems, whether they are the iron triangles of particular financial interests working to weaken their oversight and regulation, or various sub-sectors using legislation as a competitive battleground, or the overwhelming bipartisan desire to do ever more to encourage ho ...
... created or exacerbated these problems, whether they are the iron triangles of particular financial interests working to weaken their oversight and regulation, or various sub-sectors using legislation as a competitive battleground, or the overwhelming bipartisan desire to do ever more to encourage ho ...
Essentials of Corporate Finance
... Partnership Unincorporated business owned by two or more people • Advantages • Disadvantages – Few government regulations – More capital available (since there are two or more owners) – Relatively easy to start – Profits taxed once as personal income ...
... Partnership Unincorporated business owned by two or more people • Advantages • Disadvantages – Few government regulations – More capital available (since there are two or more owners) – Relatively easy to start – Profits taxed once as personal income ...
2005 WSJ Article List
... Pension Aid” (A3) and customers “Greenspan Issues Another Warning on Fannie, Freddie” (A3) – Enormous market-risk exposure of two government sponsored enterprises (GSEs) is discussed, illustrating some of the limitations of hedging instruments from counter-party risk we discuss later this semester “ ...
... Pension Aid” (A3) and customers “Greenspan Issues Another Warning on Fannie, Freddie” (A3) – Enormous market-risk exposure of two government sponsored enterprises (GSEs) is discussed, illustrating some of the limitations of hedging instruments from counter-party risk we discuss later this semester “ ...
Lei, Noussair, and Plott: Non-Speculative Bubbles in Experimental
... • Two possible explanations for the occurrence of bubbles are the “speculative hypothesis” and the “active participation hypothesis.” In the first, traders are hoping to take advantage of irrational individuals or other speculators to make a large profit through capital gains. In other words, they a ...
... • Two possible explanations for the occurrence of bubbles are the “speculative hypothesis” and the “active participation hypothesis.” In the first, traders are hoping to take advantage of irrational individuals or other speculators to make a large profit through capital gains. In other words, they a ...
The relationship between monetary and financial stability Leni Hunter
... reinforcing where possible. For example, in some circumstances monetary policy may be used to proactively counter potential asset bubbles, and the use of financial stability tools may lend support to monetary policy’s function of stabilising the business cycle. ...
... reinforcing where possible. For example, in some circumstances monetary policy may be used to proactively counter potential asset bubbles, and the use of financial stability tools may lend support to monetary policy’s function of stabilising the business cycle. ...
