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... with low-quality institutions, the view that finance is a key driver of the real economy is essentially correct. Finance is a source of comparative advantage, and factor endowments may fail to determine equilibrium outputs or prices at the margin. That is, an infusion of capital into such an economy ...
... with low-quality institutions, the view that finance is a key driver of the real economy is essentially correct. Finance is a source of comparative advantage, and factor endowments may fail to determine equilibrium outputs or prices at the margin. That is, an infusion of capital into such an economy ...
NBER WORKING PAPER SERIES ADVANTAGE? Jiandong Ju
... with low-quality institutions, the view that finance is a key driver of the real economy is essentially correct. Finance is a source of comparative advantage, and factor endowments may fail to determine equilibrium outputs or prices at the margin. That is, an infusion of capital into such an economy ...
... with low-quality institutions, the view that finance is a key driver of the real economy is essentially correct. Finance is a source of comparative advantage, and factor endowments may fail to determine equilibrium outputs or prices at the margin. That is, an infusion of capital into such an economy ...
十四 Asset Valuation: Debt Investments: Basic Concepts
... l: Describe the typical method used by institutional investors in the bond market to finance the purchase of a security (margin buying versus repurchase agreement). Margin buying involves borrow funds from a broker or a bank to purchase securities. The margin amount, which is the same as the investo ...
... l: Describe the typical method used by institutional investors in the bond market to finance the purchase of a security (margin buying versus repurchase agreement). Margin buying involves borrow funds from a broker or a bank to purchase securities. The margin amount, which is the same as the investo ...
SBA Financing as a Credit Strategy
... This initiative not only helped lower operating costs, reduce payment risk and eliminate paper, it enabled companies to leverage supplier discounts in exchange for expedited settlement. ...
... This initiative not only helped lower operating costs, reduce payment risk and eliminate paper, it enabled companies to leverage supplier discounts in exchange for expedited settlement. ...
The great turn-of-the-century housing boom
... in mortgage rates. If mortgage rates are unusually low, consider is household wealth. All else being equal, then this could fuel unusually high rates of residential the richer households are, the more housing they deinvestment. Figure 7 displays a measure of the nomimand. The latter half of the 1990 ...
... in mortgage rates. If mortgage rates are unusually low, consider is household wealth. All else being equal, then this could fuel unusually high rates of residential the richer households are, the more housing they deinvestment. Figure 7 displays a measure of the nomimand. The latter half of the 1990 ...
ROLE PLAYED BY SACCOS IN FINANCIAL INTERMEDIATION IN
... take advantage of the information deprived group. Information asymmetries usually lead to higher prices in order to access the services, there’s a concerted effort aiming to reduce the cost accessing such services thus the need of financial intermediation. Problems that may arise due to information ...
... take advantage of the information deprived group. Information asymmetries usually lead to higher prices in order to access the services, there’s a concerted effort aiming to reduce the cost accessing such services thus the need of financial intermediation. Problems that may arise due to information ...
Monetary Policy Spillovers and the Trilemma in the New Normal
... the late 2000s, the correlations appear to be trendless for these countries. Long-term interest rates across countries, including both developed and developing countries, were highly correlated during the Great Moderation period. Figure 3 is an interesting picture. It illustrates the comparable corr ...
... the late 2000s, the correlations appear to be trendless for these countries. Long-term interest rates across countries, including both developed and developing countries, were highly correlated during the Great Moderation period. Figure 3 is an interesting picture. It illustrates the comparable corr ...
Major Currency Report
... statements and opinions contained in this report are based on data obtained from the financial markets and are so contained in good faith and in the belief that such statements, opinions and data are not false or misleading. In preparing this report, we have relied upon information which we believe ...
... statements and opinions contained in this report are based on data obtained from the financial markets and are so contained in good faith and in the belief that such statements, opinions and data are not false or misleading. In preparing this report, we have relied upon information which we believe ...
NBER WORKING PAPER SERIES FINANCIAL INNOVATION, MARKET PARTICIPATION AND ASSET PRICES Laurent Calvet
... individual investors. Initial public offerings have enabled entrepreneurs to diversify some of their wealth away from the companies in which they had managerial interests.2 Financial theory suggests that these innovations might have profound implications for portfolio choice, asset pricing and the cr ...
... individual investors. Initial public offerings have enabled entrepreneurs to diversify some of their wealth away from the companies in which they had managerial interests.2 Financial theory suggests that these innovations might have profound implications for portfolio choice, asset pricing and the cr ...
mmi11 Watzka 15082660 en
... decision by arguing that the purchase of longterm bonds by the central bank will naturally lower longterm bond yields, because the central bank buys those bonds at a higher price than the market charges. This lower longterm yield on government bonds then feeds through - via portfolio shifts (Meltzer ...
... decision by arguing that the purchase of longterm bonds by the central bank will naturally lower longterm bond yields, because the central bank buys those bonds at a higher price than the market charges. This lower longterm yield on government bonds then feeds through - via portfolio shifts (Meltzer ...
Financing Growth without Banks: Korean Housing Repo Contract
... either of which could become entrepreneurs: households who own a house but without financial resources and non-house owners with some savings. Our setting is one where contract enforcement problems are severe, so that it is costly to enforce the payment of interest and rent. In the benchmark case wh ...
... either of which could become entrepreneurs: households who own a house but without financial resources and non-house owners with some savings. Our setting is one where contract enforcement problems are severe, so that it is costly to enforce the payment of interest and rent. In the benchmark case wh ...
2012 FOURTH QUARTER AND FULL YEAR EARNINGS REVIEW AND 2013 OUTLOOK
... • Decline in market share or failure to achieve growth; • Lower-than-anticipated market acceptance of new or existing products; • Market shift away from sales of larger, more profitable vehicles beyond our current planning assumption, particularly in the United States; • An increase in fuel prices, ...
... • Decline in market share or failure to achieve growth; • Lower-than-anticipated market acceptance of new or existing products; • Market shift away from sales of larger, more profitable vehicles beyond our current planning assumption, particularly in the United States; • An increase in fuel prices, ...
Central Bank Tools and Liquidity Shortages
... The second tool is the outright purchase or sale of assets in the open market. These operations affect the aggregate supply of central bank money (reserves) on a permanent basis and are typically conducted in sovereign bonds denominated in either domestic or foreign currencies. Prior to the current ...
... The second tool is the outright purchase or sale of assets in the open market. These operations affect the aggregate supply of central bank money (reserves) on a permanent basis and are typically conducted in sovereign bonds denominated in either domestic or foreign currencies. Prior to the current ...
Housing and the Monetary Transmission Mechanism Frederic S. Mishkin
... Despite the previously mentioned theoretical reasons that housing wealth might have only small effects on consumption, the empirical work discussed in the next section generally finds economically significant effects. That said, in contrast to the standard life-cycle view, the channel behind these l ...
... Despite the previously mentioned theoretical reasons that housing wealth might have only small effects on consumption, the empirical work discussed in the next section generally finds economically significant effects. That said, in contrast to the standard life-cycle view, the channel behind these l ...
inflation and the federal reserve system large
... challenges for monetary theory and policy and has revived some old ones. The present dissertation concentrates its analysis in one of the Federal Reserve System (the central bank of the US) response to the crisis, which is Large-Scale Asset Purchases (henceforth LSAPs). By applying LSAPs the Federal ...
... challenges for monetary theory and policy and has revived some old ones. The present dissertation concentrates its analysis in one of the Federal Reserve System (the central bank of the US) response to the crisis, which is Large-Scale Asset Purchases (henceforth LSAPs). By applying LSAPs the Federal ...
