Public Debt sustainability
... Again, the issue is not simple. Given uncertainty, different assets with different risk features pay different dividends, a fact that makes the discount rate issue fundamental. Without uncertainty, there is only one rate – the risk-free rate. However, with uncertainty, there are several discount rat ...
... Again, the issue is not simple. Given uncertainty, different assets with different risk features pay different dividends, a fact that makes the discount rate issue fundamental. Without uncertainty, there is only one rate – the risk-free rate. However, with uncertainty, there are several discount rat ...
BIS Working Papers The future of public debt: prospects and implications No 300
... expected to exceed 100% of GDP in 2011 – something that has never happened before in peacetime. 2 As bad as these fiscal problems may appear, relying solely on these official figures is almost certainly very misleading. Rapidly ageing populations present a number of countries with the prospect of en ...
... expected to exceed 100% of GDP in 2011 – something that has never happened before in peacetime. 2 As bad as these fiscal problems may appear, relying solely on these official figures is almost certainly very misleading. Rapidly ageing populations present a number of countries with the prospect of en ...
No Silver Bullet - The Pew Charitable Trusts
... Economic drivers include changes resulting from differences between actual and forecast Gross Domestic Product. Tax cuts includes all revenue changes classified as legislative by the CBO. Defense spending includes all changes in defense discretionary spending classified as legislative by the CBO. No ...
... Economic drivers include changes resulting from differences between actual and forecast Gross Domestic Product. Tax cuts includes all revenue changes classified as legislative by the CBO. Defense spending includes all changes in defense discretionary spending classified as legislative by the CBO. No ...
America Is The Next Greece! Maybe…Maybe Not!
... believe that America is Greece. Both countries are bleeding red ink at about the same rate relative to their GDP. Greece is bleeding at a 10.5% rate compared to 9.3% for the US (FactCheck.org, 2011). The US is now where Greece was a decade ago; if it does not mend its ways, it will certainly start l ...
... believe that America is Greece. Both countries are bleeding red ink at about the same rate relative to their GDP. Greece is bleeding at a 10.5% rate compared to 9.3% for the US (FactCheck.org, 2011). The US is now where Greece was a decade ago; if it does not mend its ways, it will certainly start l ...
An Analysis of Food Companies
... social responsibility is obvious insofar as the company seems committed to providing safe and high-quality products. That said, the company’s efforts in the way of animal well-being seem superficial, and unlike some other meat processors like Cargill, Tyson Foods does not appear eager to push the en ...
... social responsibility is obvious insofar as the company seems committed to providing safe and high-quality products. That said, the company’s efforts in the way of animal well-being seem superficial, and unlike some other meat processors like Cargill, Tyson Foods does not appear eager to push the en ...
bonds - Cengage
... Disadvantages and limitations of issuing debt securities: 1. It is only possible to use debt financing if the company is in satisfactory financial condition. 2. Interest obligations must be paid regardless of the company’s earnings and financial position. 3. If a company has losses and is unable to ...
... Disadvantages and limitations of issuing debt securities: 1. It is only possible to use debt financing if the company is in satisfactory financial condition. 2. Interest obligations must be paid regardless of the company’s earnings and financial position. 3. If a company has losses and is unable to ...
Wells Fargo Total Loss-Absorbing Capacity (“TLAC”) Disclosure
... On December 15, 2016, the Board of Governors of the Federal Reserve System (the “FRB”) adopted a final rule that requires global systemically important bank holding companies (“BHCs”) to maintain a minimum amount of loss-absorbing capacity. The final rule requires covered BHCs to publicly disclose a ...
... On December 15, 2016, the Board of Governors of the Federal Reserve System (the “FRB”) adopted a final rule that requires global systemically important bank holding companies (“BHCs”) to maintain a minimum amount of loss-absorbing capacity. The final rule requires covered BHCs to publicly disclose a ...
The Political Economy of Shadow Banking: Debt
... Shadow banking (a term used interchangeably with shadow financial system) is “money market funding of capital market lending,” [19] which generally takes place outside the regular banking system [3, 28]. This definition highlights the activities of financial intermediaries that use short-term money ...
... Shadow banking (a term used interchangeably with shadow financial system) is “money market funding of capital market lending,” [19] which generally takes place outside the regular banking system [3, 28]. This definition highlights the activities of financial intermediaries that use short-term money ...
Thoughts from a Renaissance man About that 1982 debt default
... others in EM from lower commodity prices. What is surprising is that Nigeria with external debt of just 14% of GDP in 1980 should have defaulted as soon as 1982 (when its debt ratio was still a small 22% of GDP), or that Mexico could have been down to a few weeks of import cover in early 1982, when ...
... others in EM from lower commodity prices. What is surprising is that Nigeria with external debt of just 14% of GDP in 1980 should have defaulted as soon as 1982 (when its debt ratio was still a small 22% of GDP), or that Mexico could have been down to a few weeks of import cover in early 1982, when ...
Working Paper No. 801 - Levy Economics Institute of Bard College
... Shadow banking (a term used interchangeably with shadow financial system) is “money market funding of capital market lending,” [19] which generally takes place outside the regular banking system [3, 28]. This definition highlights the activities of financial intermediaries that use short-term money ...
... Shadow banking (a term used interchangeably with shadow financial system) is “money market funding of capital market lending,” [19] which generally takes place outside the regular banking system [3, 28]. This definition highlights the activities of financial intermediaries that use short-term money ...
master.irm - McGraw
... A January 29, 1999 Wall Street Journal article described changes made by Sears, Roebuck & Co. in the way it accounts for bad debts on its credit card receivables. The following are excerpts from that article: Sears, Roebuck & Co. is moving toward more conservative accounting methods used by competin ...
... A January 29, 1999 Wall Street Journal article described changes made by Sears, Roebuck & Co. in the way it accounts for bad debts on its credit card receivables. The following are excerpts from that article: Sears, Roebuck & Co. is moving toward more conservative accounting methods used by competin ...
Modest Proposal for Overcoming the Euro Crisis
... Principle 1: The triple debt, banking, and under-investment crises must be tackled together. National debt stabilisation needs to be matched by a restructuring of the banks. Recession of national economies needs to be offset by realising the formal commitment of the Union to the European Economic Re ...
... Principle 1: The triple debt, banking, and under-investment crises must be tackled together. National debt stabilisation needs to be matched by a restructuring of the banks. Recession of national economies needs to be offset by realising the formal commitment of the Union to the European Economic Re ...
AER Better Regulation Rate of Return Factsheet
... returns on equity and debt for a benchmark efficient business. This approach supports the rate of return objective in the national electricity and gas rules. This is for the overall rate of return to correspond to the efficient financing costs of a benchmark efficient business. By setting a rate of ...
... returns on equity and debt for a benchmark efficient business. This approach supports the rate of return objective in the national electricity and gas rules. This is for the overall rate of return to correspond to the efficient financing costs of a benchmark efficient business. By setting a rate of ...
DEBT AND (NOT MUCH) DELEVERAGING
... 1 Includes debt of households, non-financial corporations, and government; 2Q14 data for advanced economies and China; 2013 data for other developing economies. NOTE: Numbers may not sum due to rounding. SOURCE: World economic outlook, IMF; BIS; Haver Analytics; national central banks; McKinsey Glob ...
... 1 Includes debt of households, non-financial corporations, and government; 2Q14 data for advanced economies and China; 2013 data for other developing economies. NOTE: Numbers may not sum due to rounding. SOURCE: World economic outlook, IMF; BIS; Haver Analytics; national central banks; McKinsey Glob ...
Inequality and crises: coincidence or causation?
... people at the top. “So in the longer term, it's hard to see where the buying power will come from unless America's vast middle class has more take-home pay.” But underconsumption has both conceptual problems and empirical troubles. ...
... people at the top. “So in the longer term, it's hard to see where the buying power will come from unless America's vast middle class has more take-home pay.” But underconsumption has both conceptual problems and empirical troubles. ...
A D F C
... Crisis’ gravely affected vulnerable developing economies by reducing the developed world’s demand for imports, supply of capital flows and need for foreign workers. Russian GDP fell by 9.5% in 2009 (The Economist, 2009) whilst Cambodia’s foreign direct investment fell by 50% compared to 2009. These ...
... Crisis’ gravely affected vulnerable developing economies by reducing the developed world’s demand for imports, supply of capital flows and need for foreign workers. Russian GDP fell by 9.5% in 2009 (The Economist, 2009) whilst Cambodia’s foreign direct investment fell by 50% compared to 2009. These ...
2016205 Jaime Caruana Transcript_updated
... of the Basel Committee on Banking Supervision to deliver an update on banking regulation. Then, as now, the LSE was at the forefront of the economic debates facing policymakers, and I remember some very illuminating discussions. The world is a rather different place now and policymakers are a more c ...
... of the Basel Committee on Banking Supervision to deliver an update on banking regulation. Then, as now, the LSE was at the forefront of the economic debates facing policymakers, and I remember some very illuminating discussions. The world is a rather different place now and policymakers are a more c ...
Credit, commodities and currencies
... conditions in foreign currencies to fund holdings of various assets at home. To the extent that these are in the traded goods sector, currency mismatches need not necessarily arise, although there may be an empirical association between a stronger dollar and weak cash flows, as in the case of oil fi ...
... conditions in foreign currencies to fund holdings of various assets at home. To the extent that these are in the traded goods sector, currency mismatches need not necessarily arise, although there may be an empirical association between a stronger dollar and weak cash flows, as in the case of oil fi ...
Sovereign Debt Without Default Penalties
... voter are more aligned with the foreign lenders than with the local taxpayers. We show how this theory can resolve several puzzles discovered by the literature, such as the greater frequency of default on bank debt relative to tradable bonds, the “sudden stop” phenomenon, or the recently observed ph ...
... voter are more aligned with the foreign lenders than with the local taxpayers. We show how this theory can resolve several puzzles discovered by the literature, such as the greater frequency of default on bank debt relative to tradable bonds, the “sudden stop” phenomenon, or the recently observed ph ...
Exorbitant Privilege and Exorbitant Duty
... “Financial Globalization: Shifting Balances” Banco de España, July 2010 ...
... “Financial Globalization: Shifting Balances” Banco de España, July 2010 ...
Why the “miracle of compound interest” leads to financial crises *
... rezone land sites, regulate foreign trade and provide police protection against fraud and other crime. Consumers plan how much to allocate for education and save for retirement, how long to stay in school, and seek regulation of workplace conditions, public health and related shaping of the economic ...
... rezone land sites, regulate foreign trade and provide police protection against fraud and other crime. Consumers plan how much to allocate for education and save for retirement, how long to stay in school, and seek regulation of workplace conditions, public health and related shaping of the economic ...
15 - Finance
... 1. During the coming year, the firm will mount a major program to expand sales. The expected result is a 20% growth in revenue. Pricing and product mix will remain unchanged. 2. The revenue growth will be accomplished by increasing efforts in the marketing/sales department. The increased expenses ge ...
... 1. During the coming year, the firm will mount a major program to expand sales. The expected result is a 20% growth in revenue. Pricing and product mix will remain unchanged. 2. The revenue growth will be accomplished by increasing efforts in the marketing/sales department. The increased expenses ge ...
Glossary - State Bank of Pakistan
... incorporated enterprise) or the equivalent (for an unincorporated enterprise). Foreign Portfolio investment Portfolio investment implies holding of less than 10 percent share in equity securities by non-resident, investment in debt securities (in the form of bonds and notes) and investment in money ...
... incorporated enterprise) or the equivalent (for an unincorporated enterprise). Foreign Portfolio investment Portfolio investment implies holding of less than 10 percent share in equity securities by non-resident, investment in debt securities (in the form of bonds and notes) and investment in money ...
Interest Tax Shield Benefit
... • More general evidence also indicates that the more profitable a firm is, the less debt it tends to have, which is exactly opposite what the tradeoff theory suggests we should see. • This evidence is consistent with the pecking order theory. • The pecking order theory is also supported by the fact ...
... • More general evidence also indicates that the more profitable a firm is, the less debt it tends to have, which is exactly opposite what the tradeoff theory suggests we should see. • This evidence is consistent with the pecking order theory. • The pecking order theory is also supported by the fact ...