Word
... Year 2012 presented for the Czech Republic a continuation of the economic recession phase, which began already in the last quarter of 2011. With an average growth of the Czech economy during the period 2003-2011 in real terms by 3.4 % annually – but also with an average growth per years 2010-2011 ...
... Year 2012 presented for the Czech Republic a continuation of the economic recession phase, which began already in the last quarter of 2011. With an average growth of the Czech economy during the period 2003-2011 in real terms by 3.4 % annually – but also with an average growth per years 2010-2011 ...
keycorp reports first quarter 2016 net income of $182
... 2015. Excluding merger-related expense, earnings per common share were $.24 for the first quarter of 2016. “While the operating environment remains challenging, our results reflect continued momentum in our core businesses and progress on our strategic initiatives,” said Chairman and Chief Executive ...
... 2015. Excluding merger-related expense, earnings per common share were $.24 for the first quarter of 2016. “While the operating environment remains challenging, our results reflect continued momentum in our core businesses and progress on our strategic initiatives,” said Chairman and Chief Executive ...
Impairment Measurement of the impairment loss: Debt
... This presentation may be modified from time to time. The latest version may be downloaded from: http://www.ifrs.org/IFRS+for+SMEs/SME+Workshops.htm The accounting requirements applicable to small and medium-sized entities (SMEs) are set out in the International Financial Reporting Standard (IFRS) fo ...
... This presentation may be modified from time to time. The latest version may be downloaded from: http://www.ifrs.org/IFRS+for+SMEs/SME+Workshops.htm The accounting requirements applicable to small and medium-sized entities (SMEs) are set out in the International Financial Reporting Standard (IFRS) fo ...
Intermediary Asset Pricing
... Another important feature of financial crises is the pattern of recovery of spreads. In the 1998 crisis, most spreads took about 10 months to halve from their crisis-peak levels to pre-crisis levels. As we discuss later in the paper, half-lives of between 6 months and extending over a year have been ...
... Another important feature of financial crises is the pattern of recovery of spreads. In the 1998 crisis, most spreads took about 10 months to halve from their crisis-peak levels to pre-crisis levels. As we discuss later in the paper, half-lives of between 6 months and extending over a year have been ...
Household Consumption in Japan – Role of Income and Asset
... explanations include weak income growth, pessimistic expectations, a deflationary mindset, risk aversion combined with uncertainty about future prospects, and population ageing. This paper taps an underused dataset, ’Family Income and Expenditure Survey’ (FIES), to shed light on the evolution of hou ...
... explanations include weak income growth, pessimistic expectations, a deflationary mindset, risk aversion combined with uncertainty about future prospects, and population ageing. This paper taps an underused dataset, ’Family Income and Expenditure Survey’ (FIES), to shed light on the evolution of hou ...
NBER WORKING PAPER SERIES INTERGENERATIONAL REDISTRIBUTION IN THE GREAT RECESSION Andrew Glover
... to the end of their life cycle cannot wait for prices to recover. Thus it is likely that a steep decline in asset prices has more serious welfare implications for older households. In the next section, we use data from the Survey of Consumer Finances to document how the ratio of labor income to net ...
... to the end of their life cycle cannot wait for prices to recover. Thus it is likely that a steep decline in asset prices has more serious welfare implications for older households. In the next section, we use data from the Survey of Consumer Finances to document how the ratio of labor income to net ...
SRC review guide for general-purpose governments
... For current refundings and advance refundings resulting in defeasance of debt the excess of the reacquisition price of the old debt over its net carrying amount [GASB-S65:5-6] A change in the provisions of a current capital lease that results from a current or advance refunding by the lessor who pas ...
... For current refundings and advance refundings resulting in defeasance of debt the excess of the reacquisition price of the old debt over its net carrying amount [GASB-S65:5-6] A change in the provisions of a current capital lease that results from a current or advance refunding by the lessor who pas ...
The Urban Infrastructure Challenge in Canada: Making Greater Use
... Governments may be attracted to so-called “pay-as-you-go” financing for infrastructure because of an aversion to debt. However, these schemes don’t reduce or eliminate debt, they only transfer debt from the public to the private (household) sector. Using debt to finance infrastructure projects is no ...
... Governments may be attracted to so-called “pay-as-you-go” financing for infrastructure because of an aversion to debt. However, these schemes don’t reduce or eliminate debt, they only transfer debt from the public to the private (household) sector. Using debt to finance infrastructure projects is no ...
Author`s Note, Crash Proof 2.0
... economy to be science fiction. More than two years later, in mid-2009, the business and investment shelves of bookstores were filled with new releases analyzing the calamities of the previous two years and offering various theories about the future. With all due respect to my fellow authors, however ...
... economy to be science fiction. More than two years later, in mid-2009, the business and investment shelves of bookstores were filled with new releases analyzing the calamities of the previous two years and offering various theories about the future. With all due respect to my fellow authors, however ...
Chapter 9
... stock had to be issued then the firm’s WACC would increase. The calculated WACC does depend on the size of the capital budget. A firm calculates its retained earnings breakpoint (and any other capital breakpoints for additional debt and preferred). This R/E breakpoint represents the amount of capita ...
... stock had to be issued then the firm’s WACC would increase. The calculated WACC does depend on the size of the capital budget. A firm calculates its retained earnings breakpoint (and any other capital breakpoints for additional debt and preferred). This R/E breakpoint represents the amount of capita ...
Bubbles, Financial Crises, and Systemic Risk
... systemic risk. Because of the large social costs of financial crises, such measures, if available in a timely manner, could serve as early-warning signals for policy makers. The development of such measures, a research agenda that is still in its infancy, requires two steps. First, it is necessary t ...
... systemic risk. Because of the large social costs of financial crises, such measures, if available in a timely manner, could serve as early-warning signals for policy makers. The development of such measures, a research agenda that is still in its infancy, requires two steps. First, it is necessary t ...
Guideline B-21 Residential Mortgage Insurance - OSFI-BSIF
... also does directly not focus on insurers’ underwriting practices and procedures, governance, internal controls and risk management. Option 2 – Identify Elements of Guideline B-20 Applicable to Mortgage Insurers Under this option, OSFI would seek to identify and apply specific elements in Guideline ...
... also does directly not focus on insurers’ underwriting practices and procedures, governance, internal controls and risk management. Option 2 – Identify Elements of Guideline B-20 Applicable to Mortgage Insurers Under this option, OSFI would seek to identify and apply specific elements in Guideline ...
Download paper (PDF)
... systemic risk. Because of the large social costs of financial crises, such measures, if available in a timely manner, could serve as early-warning signals for policy makers. The development of such measures, a research agenda that is still in its infancy, requires two steps. First, it is necessary t ...
... systemic risk. Because of the large social costs of financial crises, such measures, if available in a timely manner, could serve as early-warning signals for policy makers. The development of such measures, a research agenda that is still in its infancy, requires two steps. First, it is necessary t ...
Austerity: The History of a Dangerous Idea
... cutting the state’s budget, debts, and deficits. Doing so, its advocates believe, will inspire “business confidence” since the government will neither be “crowding-out” the market for investment by sucking up all the available capital through the issuance of debt, nor adding to the nation’s already ...
... cutting the state’s budget, debts, and deficits. Doing so, its advocates believe, will inspire “business confidence” since the government will neither be “crowding-out” the market for investment by sucking up all the available capital through the issuance of debt, nor adding to the nation’s already ...
The Employment Cost of Sovereign Default
... the vast literature on financial frictions, labor frictions and the interaction between the two. Following the original default framework of Eaton and Gersovitz (1981), recent papers study the quantitative dynamics of sovereign defaults. Arellano (2008) and Aguiar and Gopinath (2006) analyze soverei ...
... the vast literature on financial frictions, labor frictions and the interaction between the two. Following the original default framework of Eaton and Gersovitz (1981), recent papers study the quantitative dynamics of sovereign defaults. Arellano (2008) and Aguiar and Gopinath (2006) analyze soverei ...
The Financial, Economic, Social, and Political
... achieved its target by conducting open-market operations (“OMOs”) involving the purchase or sale of short-term government securities through its primary dealer network. The purchase of securities by the Fed adds to the supply of reserves in the system with a commensurate decline in the effective pol ...
... achieved its target by conducting open-market operations (“OMOs”) involving the purchase or sale of short-term government securities through its primary dealer network. The purchase of securities by the Fed adds to the supply of reserves in the system with a commensurate decline in the effective pol ...
Debt as Sweat: Labor, financial crises, and the globalization of capital
... type of environment where labor shares fall by more than a certain proportion. When the threshold is put at 3 points of GDP, drops of more than this occur 38 times in our sample in the case of Latin America, and of these, 27 were during periods of financial crisis.5 It could well be however that the ...
... type of environment where labor shares fall by more than a certain proportion. When the threshold is put at 3 points of GDP, drops of more than this occur 38 times in our sample in the case of Latin America, and of these, 27 were during periods of financial crisis.5 It could well be however that the ...
Government Debt and Risk Premia - Penn Economics
... variables and estimating a dynamic factor model with stochastic volatility. In the data-rich environment, fiscal policy consists of 37 variables regarding various types of tax, spending and transfer. Fiscal uncertainty is measured as the common component of the conditional forecast error volatility ...
... variables and estimating a dynamic factor model with stochastic volatility. In the data-rich environment, fiscal policy consists of 37 variables regarding various types of tax, spending and transfer. Fiscal uncertainty is measured as the common component of the conditional forecast error volatility ...
DollarsDirect - Treasury.gov.au
... of the leaders in the short-term small amount credit industry in Australia, DollarsDirect’s exit would directly harm Australian consumers by removing one of their primary sources for short-term credit. 4. If these rate caps are passed, other legitimate lenders will exit the Australian market. Illega ...
... of the leaders in the short-term small amount credit industry in Australia, DollarsDirect’s exit would directly harm Australian consumers by removing one of their primary sources for short-term credit. 4. If these rate caps are passed, other legitimate lenders will exit the Australian market. Illega ...
Venture Debt Financing for Start
... Nevertheless, after raising several equity rounds start-up’s shareholders, especially founders, become reluctant to give up more equity and prefer to preserve their ownership shares so as to enhance the ultimate financial outcome. Under these circumstances, entrepreneurs search for an additional sou ...
... Nevertheless, after raising several equity rounds start-up’s shareholders, especially founders, become reluctant to give up more equity and prefer to preserve their ownership shares so as to enhance the ultimate financial outcome. Under these circumstances, entrepreneurs search for an additional sou ...
Toromont Announces Fourth Quarter 2013 Results
... Toromont delivers specialized capital equipment to a diverse range of customers and industries. Collectively, hundreds of thousands of different parts are offered through the Company’s distribution channels. The Company expands its customer base through selectively extending product lines and capabi ...
... Toromont delivers specialized capital equipment to a diverse range of customers and industries. Collectively, hundreds of thousands of different parts are offered through the Company’s distribution channels. The Company expands its customer base through selectively extending product lines and capabi ...
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.