to all the texts (in date order, with some
... 2. Eight years after the crisis got going, how would you briefly sum up your assessment of its specific dynamic? What main considerations make you think that assessment is more accurate than others? What are the lessons for the general theory of crisis? 3. Proposals about what demands and campaigns ...
... 2. Eight years after the crisis got going, how would you briefly sum up your assessment of its specific dynamic? What main considerations make you think that assessment is more accurate than others? What are the lessons for the general theory of crisis? 3. Proposals about what demands and campaigns ...
The role of information asymmetry and financial reporting quality in
... 2. The secondary loan market: Background and development Secondary loan sales occur after the close of primary syndication; loan sales are structured as either assignments or participations. When interests in the loan are transferred by assignment, the buyer becomes a direct signatory to the loan. ...
... 2. The secondary loan market: Background and development Secondary loan sales occur after the close of primary syndication; loan sales are structured as either assignments or participations. When interests in the loan are transferred by assignment, the buyer becomes a direct signatory to the loan. ...
Exchange Rates - Carleton University
... The nominal exchange rate is simply the price of one currency in terms of another 1 . Any trade between two countries involves the exchange of currency; this enables one country to purchase goods from another country. Due to the necessity of exchanging currency, a foreign exchange market exists. It ...
... The nominal exchange rate is simply the price of one currency in terms of another 1 . Any trade between two countries involves the exchange of currency; this enables one country to purchase goods from another country. Due to the necessity of exchanging currency, a foreign exchange market exists. It ...
Are the Golden Years of Central Banking Over?
... central banks in the aftermath of the financial crisis. The Report identifies some of the most immediate and pressing challenges. Many countries, having reduced interest rates to almost zero, have been forced to resort to unorthodox policies in order to support aggregate demand. These quantitative e ...
... central banks in the aftermath of the financial crisis. The Report identifies some of the most immediate and pressing challenges. Many countries, having reduced interest rates to almost zero, have been forced to resort to unorthodox policies in order to support aggregate demand. These quantitative e ...
Turning a Blind Eye: Wall Street Finance of Predatory Lending
... loans originated in states that impose liability on assignees of predatory loans. In states with weak anti-predatory lending laws, screening is minimal or nonexistent. As we explain, securitization solves the lemons problem for investors without requiring the capital markets to screen out predatory ...
... loans originated in states that impose liability on assignees of predatory loans. In states with weak anti-predatory lending laws, screening is minimal or nonexistent. As we explain, securitization solves the lemons problem for investors without requiring the capital markets to screen out predatory ...
THE RELATIONSHIP BETWEEN CREDIT
... underperformance during the period leading up to downgrades with the largest underperformance being observed before downgrades to below investment grade. A recent study by Steiner and Heinke (2001) uses Eurobond data and detects that negative reviews and downgrades cause abnormal negative bond retur ...
... underperformance during the period leading up to downgrades with the largest underperformance being observed before downgrades to below investment grade. A recent study by Steiner and Heinke (2001) uses Eurobond data and detects that negative reviews and downgrades cause abnormal negative bond retur ...
The Good, the Bad, and the Ugly: An inquiry into the causes and
... creating a boom and leading to an improvement in borrower net worth. During a boom, with an improved net worth, the agents are now able to finance the Bad projects. The credit is now redirected from the Good to the Bad. This change in the composition of credit and of investment at the peak of the bo ...
... creating a boom and leading to an improvement in borrower net worth. During a boom, with an improved net worth, the agents are now able to finance the Bad projects. The credit is now redirected from the Good to the Bad. This change in the composition of credit and of investment at the peak of the bo ...
Annual Report - San Francisco Employees` Retirement System
... death benefits to beneficiaries. Defined benefit plans are funded through employee and employer contributions and investment earnings. SFERS has a reciprocity agreement with CalPERS, California county retirement systems covered by the 1937 Act Retirement Law, and certain other local, independent ret ...
... death benefits to beneficiaries. Defined benefit plans are funded through employee and employer contributions and investment earnings. SFERS has a reciprocity agreement with CalPERS, California county retirement systems covered by the 1937 Act Retirement Law, and certain other local, independent ret ...
A big leap forward
... operations in 1997. ROE climbed to a new high of 11.2%, moving within the industry average. These were achieved on the back of above-market growth in core businesses, supported by various initiatives pursued to strengthen the brand, upgrade distribution and IT infrastructure as well as scaling up th ...
... operations in 1997. ROE climbed to a new high of 11.2%, moving within the industry average. These were achieved on the back of above-market growth in core businesses, supported by various initiatives pursued to strengthen the brand, upgrade distribution and IT infrastructure as well as scaling up th ...
Do banks` overnight borrowing rates lead their CDS Price? evidence
... changes in a bank’s creditworthiness faster than the bank CDS. Our data covers the period from the beginning of June 2008 to the end June 2013, comprising 60 banks, 1,300 business days, and around 470,000 loan transactions with average value of about 100 million EUR. These yield approximately 46,000 ...
... changes in a bank’s creditworthiness faster than the bank CDS. Our data covers the period from the beginning of June 2008 to the end June 2013, comprising 60 banks, 1,300 business days, and around 470,000 loan transactions with average value of about 100 million EUR. These yield approximately 46,000 ...
The Long-Run Discount Rate Controversy
... long-term benefits expresses our responsibilities toward future generations. Common wisdom suggests that our market economy is too short-termist; it does not sufficiently value the longterm impacts of our actions. This perspective suggests that people use discount rates that are too high compared wi ...
... long-term benefits expresses our responsibilities toward future generations. Common wisdom suggests that our market economy is too short-termist; it does not sufficiently value the longterm impacts of our actions. This perspective suggests that people use discount rates that are too high compared wi ...
historical evidence for Italy 1861-2013
... but greater attention is given to all business cycles, not just those associated with crises, giving a broader picture of the relations between financial and real variables. Contrary to Claessens, Kose and Terrones and Reinhart and Rogoff, we look at one country only, so we are able to provide more ...
... but greater attention is given to all business cycles, not just those associated with crises, giving a broader picture of the relations between financial and real variables. Contrary to Claessens, Kose and Terrones and Reinhart and Rogoff, we look at one country only, so we are able to provide more ...
Small Business Lending Matrix and Analysis
... improve for both SBA and conventional lenders. However, they will still not make sufficient funds available to meet overall lending demand. Economic growth, improvements in delinquency rates, more upbeat employment data, and positive trends in the commercial property market are projected to ease ban ...
... improve for both SBA and conventional lenders. However, they will still not make sufficient funds available to meet overall lending demand. Economic growth, improvements in delinquency rates, more upbeat employment data, and positive trends in the commercial property market are projected to ease ban ...
Margin-Based Asset Pricing and Deviations from the Law of One Price
... (1997), Geanakoplos (1997), Kiyotaki and Moore (1997), Caballero and Krishnamurthy (2001), Lustig and Van Nieuwerburgh (2005), Coen-Pirani (2005), Fostel and Geanakoplos (2008)) and the possibility of arbitrage in equilibrium (Basak and Croitoru (2000, 2006), Geanakoplos (2003)). Also, the paper is ...
... (1997), Geanakoplos (1997), Kiyotaki and Moore (1997), Caballero and Krishnamurthy (2001), Lustig and Van Nieuwerburgh (2005), Coen-Pirani (2005), Fostel and Geanakoplos (2008)) and the possibility of arbitrage in equilibrium (Basak and Croitoru (2000, 2006), Geanakoplos (2003)). Also, the paper is ...
THE IMPORTANCE OF THE NUMBER OF DIFFERENT AGENTS IN
... wealth dispersion can affect the time-series properties of interest rates, consumption, and bond purchases in asset-pricing models with heterogeneous agents. Not surprisingly, the higher volatility of crosssectional dispersion in the economies with two types implies a much higher volatility of inter ...
... wealth dispersion can affect the time-series properties of interest rates, consumption, and bond purchases in asset-pricing models with heterogeneous agents. Not surprisingly, the higher volatility of crosssectional dispersion in the economies with two types implies a much higher volatility of inter ...
Demographic factors affecting macroeconomic
... There is a long tradition in macroeconomics that emphasizes the importance of investor and consumer confidence as a source of economic fluctuations, perhaps most noticeably associated with Keynes (1936) and the term “animal spirits”. However, there has also been a recent resurgence in interest in th ...
... There is a long tradition in macroeconomics that emphasizes the importance of investor and consumer confidence as a source of economic fluctuations, perhaps most noticeably associated with Keynes (1936) and the term “animal spirits”. However, there has also been a recent resurgence in interest in th ...