PDP-Working Paper
... banks—about 30 percent of banking system assets, somewhat above the median for advanced economies. Including consumer loans secured by real estate (mostly home equity lines of credit), housing-related credit is estimated to account for about 35 percent of assets. Residential mortgage credit as a sha ...
... banks—about 30 percent of banking system assets, somewhat above the median for advanced economies. Including consumer loans secured by real estate (mostly home equity lines of credit), housing-related credit is estimated to account for about 35 percent of assets. Residential mortgage credit as a sha ...
PAVING THE WAY FOR A SUSTAINABLE RECOVERY PositiveMoney
... order to repay the loans that were taken out to buy the assets. Consequently, asset prices fell further, which led to further sales of assets, pushing prices down even further. As some individuals were unable to sell the assets for a profit (in order to raise the money to repay the loans incurred in ...
... order to repay the loans that were taken out to buy the assets. Consequently, asset prices fell further, which led to further sales of assets, pushing prices down even further. As some individuals were unable to sell the assets for a profit (in order to raise the money to repay the loans incurred in ...
Financial globalization or great financial expansion
... 1999). Generally, there is less attention in the literature on isolating the domestic and foreign components of credit excesses in order to understand which has been the prime driver of the imbalances which lead to crises. An exception is Avdjiev, McCauley and McGuire (2012), who show that internati ...
... 1999). Generally, there is less attention in the literature on isolating the domestic and foreign components of credit excesses in order to understand which has been the prime driver of the imbalances which lead to crises. An exception is Avdjiev, McCauley and McGuire (2012), who show that internati ...
Overview of Credit Policy and Loan Characteristics
... Agricultural banks—Banks whose agricultural production loans plus real estate loans secured by farmland exceed 25 percent of total loans and leases. Commercial lenders—Institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by comme ...
... Agricultural banks—Banks whose agricultural production loans plus real estate loans secured by farmland exceed 25 percent of total loans and leases. Commercial lenders—Institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by comme ...
The pari passu clause in sovereign debt instruments
... ("Pari passu clauses are usually not included in domestic U.S. debt instruments because the general parity of unsecured debt obligations, absent statutory priorities or the exercise of a court's equitable powers of subordination, is well established by law. Indeed, it is so established that the pros ...
... ("Pari passu clauses are usually not included in domestic U.S. debt instruments because the general parity of unsecured debt obligations, absent statutory priorities or the exercise of a court's equitable powers of subordination, is well established by law. Indeed, it is so established that the pros ...
File - Amy Toman e
... by interest expense. This ratio is used to indicate “how many times the firm’s pre-tax operating profit covers its interest expenses” (Hawawini & Viallet, 2011, p. 152). In table 4 CVS has a times interest earned ratio of 12.4 in 2012. The higher this ratio the more this value tells consumers that C ...
... by interest expense. This ratio is used to indicate “how many times the firm’s pre-tax operating profit covers its interest expenses” (Hawawini & Viallet, 2011, p. 152). In table 4 CVS has a times interest earned ratio of 12.4 in 2012. The higher this ratio the more this value tells consumers that C ...
eDreams ODIGEO Quarter Ended March 31 2016 Results presentation
... entities falling within Article 49(2)(a) to (d) of the Order, and other persons to whom it may lawfully be communicated (together “Relevant Persons”). Under no circumstances should persons who are not Relevant Persons rely or act upon the contents of this presentation. Any investment or investment a ...
... entities falling within Article 49(2)(a) to (d) of the Order, and other persons to whom it may lawfully be communicated (together “Relevant Persons”). Under no circumstances should persons who are not Relevant Persons rely or act upon the contents of this presentation. Any investment or investment a ...
DOCUMENTOS DE TRABAJO Serie Economía CAPITAL CONTROLS AND THE COST OF DEBT
... heterogeneities that are suggestive of a causal interpretation of the estimated effects. We explore four primary dimensions through which capital controls could have a differentiated effect on corporate credit spreads: time to maturity, firm size, domestic financial development, and global financial ...
... heterogeneities that are suggestive of a causal interpretation of the estimated effects. We explore four primary dimensions through which capital controls could have a differentiated effect on corporate credit spreads: time to maturity, firm size, domestic financial development, and global financial ...
Does austerity pay off
... “Debt is a slow-moving variable that cannot—and in general should not— be brought down too quickly. But interest rates can change much more quickly than fiscal policy and debt.” (C. Reinhart and K. Rogoff 2013) “[F]inancial investors are schizophrenic about fiscal consolidation and growth. They rea ...
... “Debt is a slow-moving variable that cannot—and in general should not— be brought down too quickly. But interest rates can change much more quickly than fiscal policy and debt.” (C. Reinhart and K. Rogoff 2013) “[F]inancial investors are schizophrenic about fiscal consolidation and growth. They rea ...
Capital Structure Decision
... shares for future financing on unfavorable term due to heavy debt. Hence the firm should all ways return some unused debt capacity for future needs. Flexibility also implies the firm’s ability to refund money when not required for which purpose it may have to incorporate a provision to refund the am ...
... shares for future financing on unfavorable term due to heavy debt. Hence the firm should all ways return some unused debt capacity for future needs. Flexibility also implies the firm’s ability to refund money when not required for which purpose it may have to incorporate a provision to refund the am ...
Aging, Savings, and Financial Markets
... The Relationship between Aging and Savings in the Region Researchers have tried to quantify the impact of aging on savings in two ways: an empirical approach, relying on econometric tools to estimate the empirical relationship between dependency rates and savings, and a general equilibrium approach. ...
... The Relationship between Aging and Savings in the Region Researchers have tried to quantify the impact of aging on savings in two ways: an empirical approach, relying on econometric tools to estimate the empirical relationship between dependency rates and savings, and a general equilibrium approach. ...
2015 Economic Reform Programmes
... domestic side, (4) the fiscal deficit is relatively moderate and public debt at a sustainable level, but the fiscal policy stance should be tighter in cyclically adjusted terms in view of the need to increase national saving, and (5) the structural reform chapter is mainly backward looking and does ...
... domestic side, (4) the fiscal deficit is relatively moderate and public debt at a sustainable level, but the fiscal policy stance should be tighter in cyclically adjusted terms in view of the need to increase national saving, and (5) the structural reform chapter is mainly backward looking and does ...
comparative analysis of functional food producers` profitability in
... significantly, but the main cause of fall in net profit was a drop in financial income that resulted in higher net financial expenses. The EBIT margin has a trend which is similar to the net profit margin ratio. The return on asset ratio increased in the period from 2010 to 2012. In 2013 it decrease ...
... significantly, but the main cause of fall in net profit was a drop in financial income that resulted in higher net financial expenses. The EBIT margin has a trend which is similar to the net profit margin ratio. The return on asset ratio increased in the period from 2010 to 2012. In 2013 it decrease ...
Patent Collateral, Investor Commitment, and the Market for Venture
... recent funds, even allowing for permanent and time-varying startup characteristics to affect lending. The two groups of startups exhibit comparable trend-lines in the annual rate of lending pre-shock. Also reassuring for our empirical strategy, placebo tests reveal differential sorting only when di ...
... recent funds, even allowing for permanent and time-varying startup characteristics to affect lending. The two groups of startups exhibit comparable trend-lines in the annual rate of lending pre-shock. Also reassuring for our empirical strategy, placebo tests reveal differential sorting only when di ...
Bear Stearns
... Political volatility, in addition to the timing of economic recovery, remains a key force on the future of the financial services industry. Questions remain about accounting scandals and corporate fraud, and only time will tell whether enough political measures have been taken to alleviate these con ...
... Political volatility, in addition to the timing of economic recovery, remains a key force on the future of the financial services industry. Questions remain about accounting scandals and corporate fraud, and only time will tell whether enough political measures have been taken to alleviate these con ...
No - econpubblica - Università Bocconi
... (both theory and evidence) 2. This entails both macro-risks and micro inefficiency 3. MTFFs can help re-engineering incentives and control risks: they are not a magic wand but one is better-off having them (issues in design & enforcement) 4. Italy: EU fiscal rules provide a frame but content needs t ...
... (both theory and evidence) 2. This entails both macro-risks and micro inefficiency 3. MTFFs can help re-engineering incentives and control risks: they are not a magic wand but one is better-off having them (issues in design & enforcement) 4. Italy: EU fiscal rules provide a frame but content needs t ...
BULGARIA: ECONOMIC AND MARKET ANALYSES
... over the next 6 months and about the production activity over the next 3 months, which is accompanied however by expectations about a reduction of employment in the sector. The business inquiry also registers a certain slowing down of the production activity drop. Construction. The composite indicat ...
... over the next 6 months and about the production activity over the next 3 months, which is accompanied however by expectations about a reduction of employment in the sector. The business inquiry also registers a certain slowing down of the production activity drop. Construction. The composite indicat ...
Title of the Text Crauder
... Example: We have a card with an APR of 24%. The minimum payment is 5% of the balance. Suppose we have a balance of $400 on the card. We decide to stop charging and to pay it off by making the minimum payment each month. Calculate the new balance after we have made our first minimum payment, and then ...
... Example: We have a card with an APR of 24%. The minimum payment is 5% of the balance. Suppose we have a balance of $400 on the card. We decide to stop charging and to pay it off by making the minimum payment each month. Calculate the new balance after we have made our first minimum payment, and then ...
Remittance income uncertainty and asset accumulation
... such as the fact that we only have information on remittance receipts over the past six months. In some instances, households may be receiving remittances only once a year. If that happens to be during the six months for which we lack data of remittance receipts, we will be categorizing these househ ...
... such as the fact that we only have information on remittance receipts over the past six months. In some instances, households may be receiving remittances only once a year. If that happens to be during the six months for which we lack data of remittance receipts, we will be categorizing these househ ...
Senior Loan Term Sheet
... interest rate protection agreements entered into with any Lender (or any affiliate of any Lender) will be secured by substantially all the assets of Holdings, the Borrower and each existing and each subsequently acquired or organized wholly-owned subsidiary of Holdings (collectively, the "Collateral ...
... interest rate protection agreements entered into with any Lender (or any affiliate of any Lender) will be secured by substantially all the assets of Holdings, the Borrower and each existing and each subsequently acquired or organized wholly-owned subsidiary of Holdings (collectively, the "Collateral ...
inflation and the federal reserve system large
... 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 Reserve engages in purchases of huge amounts of long-term securities – Treasuries, f ...
... 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 Reserve engages in purchases of huge amounts of long-term securities – Treasuries, f ...
Discussion paper on the debt write-down tool – bail-in
... creditors. In view of the critical intermediary role that banks play in our economies, financial difficulties in banks need to be resolved in an orderly, quick and efficient manner, avoiding undue disruption to the bank's activity and to the rest of the financial system and minimizing the cost and l ...
... creditors. In view of the critical intermediary role that banks play in our economies, financial difficulties in banks need to be resolved in an orderly, quick and efficient manner, avoiding undue disruption to the bank's activity and to the rest of the financial system and minimizing the cost and l ...
Household debt
Household debt is defined as the amount of money that all adults in the household owe financial institutions. It includes consumer debt and mortgage loans. A significant rise in the level of this debt coincides historically with many severe economic crises and was a cause of the U.S. and subsequent European economic crises of 2007–2012. Several economists have argued that lowering this debt is essential to economic recovery in the U.S. and selected Eurozone countries.