Liquid Assets Strategies in Silesian Non
... perspective, liquid assets would be treated as a ”necessary evil” linked only to the costs resulting from interests lost. Another incorrect conclusion would be an assumption that present net value always equals zero. It would be a result of the statement that due to the fact that marginal liquidity ...
... perspective, liquid assets would be treated as a ”necessary evil” linked only to the costs resulting from interests lost. Another incorrect conclusion would be an assumption that present net value always equals zero. It would be a result of the statement that due to the fact that marginal liquidity ...
FINANCIAL STABILITY REPORT
... Domestic households and non-financial corporations (NFCs) continue to be highly indebted, with bank credit to the domestic private sector reaching the level of 280,2% of GDP at end-March 2015 and is significantly higher than the euro-area average. At high levels of indebtedness households and corpor ...
... Domestic households and non-financial corporations (NFCs) continue to be highly indebted, with bank credit to the domestic private sector reaching the level of 280,2% of GDP at end-March 2015 and is significantly higher than the euro-area average. At high levels of indebtedness households and corpor ...
Primary and Secondary Mortgage Rate Trends in Today`s Economy
... volatility environment, such as in late 2008. Referring again to Chart 2, during late 2008 par TBA coupon rates were falling from about 6% to just over 4%. However, primary mortgage rates did not fall as dramatically. The higher volatility environment in late 2008 forced many primary lenders to incr ...
... volatility environment, such as in late 2008. Referring again to Chart 2, during late 2008 par TBA coupon rates were falling from about 6% to just over 4%. However, primary mortgage rates did not fall as dramatically. The higher volatility environment in late 2008 forced many primary lenders to incr ...
EUROPEAN COMMISSION Brussels, 18.3.2015 SWD(2015) 36 final
... accelerated significantly only since 2014. After the crisis, Hungary experienced a moderate recovery in 2010 and 2011 (0.8% and 1.8% respectively), before the country fell back into recession again in 2012 with a negative 1.5% GDP growth. In 2013, economic activity revived again with a moderate 1.5% ...
... accelerated significantly only since 2014. After the crisis, Hungary experienced a moderate recovery in 2010 and 2011 (0.8% and 1.8% respectively), before the country fell back into recession again in 2012 with a negative 1.5% GDP growth. In 2013, economic activity revived again with a moderate 1.5% ...
File
... These prototype assessment items illustrate the types of items used in the item bank for this objective. All items have been written to match the cognitive process of the analyze verb in the objective. These exact questions will not be used on the secure postassessment, but questions in similar form ...
... These prototype assessment items illustrate the types of items used in the item bank for this objective. All items have been written to match the cognitive process of the analyze verb in the objective. These exact questions will not be used on the secure postassessment, but questions in similar form ...
Mortgage Interest Rates
... the two main structural factors that contributed to the lowering of interest rates in Canada. This essential component of the monetary policy framework aims at maintaining the inflation rate at around 2 per cent, the mid-point of a 1 to 3 per cent target range15. It thereby guarantees some stability ...
... the two main structural factors that contributed to the lowering of interest rates in Canada. This essential component of the monetary policy framework aims at maintaining the inflation rate at around 2 per cent, the mid-point of a 1 to 3 per cent target range15. It thereby guarantees some stability ...
The Determinants of the Capital Structure of Listed on Stock Market
... the type of corporate structure with the type of business financing - bank debt or issuing of shares - in Asia and Western Europe; Rampini & Viswanathan (2013) who analyze the relation of the side in the capital structure of the companies and their leverage effect on debt levels in the United States ...
... the type of corporate structure with the type of business financing - bank debt or issuing of shares - in Asia and Western Europe; Rampini & Viswanathan (2013) who analyze the relation of the side in the capital structure of the companies and their leverage effect on debt levels in the United States ...
Debt Structure and Financial Flexibility
... are expropriated less. Leland and Toft (1996) also suggest risk-shifting as an explanation for the observed reliance on short-term debt. They argue that long-maturity debt allows for larger debt capacity and higher tax shields, therefore the propensity for firms to use short term term debt must be ...
... are expropriated less. Leland and Toft (1996) also suggest risk-shifting as an explanation for the observed reliance on short-term debt. They argue that long-maturity debt allows for larger debt capacity and higher tax shields, therefore the propensity for firms to use short term term debt must be ...
Vietnam: 2012 Article IV consultation Staff Report
... Further rate cuts in the course of the year have been announced (see below), which could rekindle pressures on prices and the exchange rate, if implemented prematurely. International reserves would increase further from the level reached in March, to around $19 billion by year-end (1.6 months of ...
... Further rate cuts in the course of the year have been announced (see below), which could rekindle pressures on prices and the exchange rate, if implemented prematurely. International reserves would increase further from the level reached in March, to around $19 billion by year-end (1.6 months of ...
MPFD Lesson 9A: The Three C`s of Credit
... rows of the original, uncut Handout 9A.1 as follows: high risk, high-medium risk, medium risk, medium-low risk, and low risk. Handout 9A.1, however, offers only three options: low, medium, and high. To get an overall rating for each individual characteristic, students should think about how they wou ...
... rows of the original, uncut Handout 9A.1 as follows: high risk, high-medium risk, medium risk, medium-low risk, and low risk. Handout 9A.1, however, offers only three options: low, medium, and high. To get an overall rating for each individual characteristic, students should think about how they wou ...
Measuring systemic risk: the role of macro
... This article outlines some of the key indicators the Reserve Bank uses to help inform macro-prudential policy decisions. Macro-prudential indicators (MPIs) play an important role in the identification of financial system risk; the assessment of the banking system’s capacity to weather periods of fin ...
... This article outlines some of the key indicators the Reserve Bank uses to help inform macro-prudential policy decisions. Macro-prudential indicators (MPIs) play an important role in the identification of financial system risk; the assessment of the banking system’s capacity to weather periods of fin ...
Fundamentals of Corporate Finance, 2/e
... o KEY CONCEPTS FOR ESTIMATING THE COST OF DEBT • Interest rate (or historical interest rate determined when the debt was issued) that the firm is paying on its outstanding debt does not necessarily reflect its current cost of debt. • Current cost of long-term debt is the appropriate cost of debt for ...
... o KEY CONCEPTS FOR ESTIMATING THE COST OF DEBT • Interest rate (or historical interest rate determined when the debt was issued) that the firm is paying on its outstanding debt does not necessarily reflect its current cost of debt. • Current cost of long-term debt is the appropriate cost of debt for ...
Issuance of New Money Bonds Remains Low in Large U.S. Cities
... Many of the 30 cities continue to struggle with the effects of the Great Recession and face ongoing revenue challenges, a likely factor influencing slow sales of new debt. “There isn’t much political support for ambitious new projects or infrastructure,” Matt Fabian, a partner at Municipal Market An ...
... Many of the 30 cities continue to struggle with the effects of the Great Recession and face ongoing revenue challenges, a likely factor influencing slow sales of new debt. “There isn’t much political support for ambitious new projects or infrastructure,” Matt Fabian, a partner at Municipal Market An ...
A New Structure for US Federal Debt
... One may worry that a roll-‐over might fail, or that investors might demand very high rates to roll over debt as they did in the Greek crisis. Even if that worry is far-‐fetched, investors fac ...
... One may worry that a roll-‐over might fail, or that investors might demand very high rates to roll over debt as they did in the Greek crisis. Even if that worry is far-‐fetched, investors fac ...
Minsky`s moment _ The Economist
... fore, financial systems are more vulnerable. If asset values start to fall, either because of monetary tightening or some external shock, the most overstretched firms will be forced to sell their positions. This further undermines asset values, causing pain for even more firms. They could avoid this ...
... fore, financial systems are more vulnerable. If asset values start to fall, either because of monetary tightening or some external shock, the most overstretched firms will be forced to sell their positions. This further undermines asset values, causing pain for even more firms. They could avoid this ...
CIBC Q2 Investor Presentation
... report, in other filings with Canadian securities regulators or the SEC and in other communications. All such statements are made pursuant to the “safe harbour” provisions of, and are intended to be forward-looking statements under applicable Canadian and U.S. securities legislation, including the U ...
... report, in other filings with Canadian securities regulators or the SEC and in other communications. All such statements are made pursuant to the “safe harbour” provisions of, and are intended to be forward-looking statements under applicable Canadian and U.S. securities legislation, including the U ...
CREDIT SUPPLY AND THE HOUSING BOOM
... demand, as a key factor behind the surge in debt and house prices. A slackening of lending constraints captures this credit supply shift cleanly and intuitively. Second, in models with a borrowing constraint à la Kiyotaki and Moore (1997), looser collateral requirements increase the demand for credi ...
... demand, as a key factor behind the surge in debt and house prices. A slackening of lending constraints captures this credit supply shift cleanly and intuitively. Second, in models with a borrowing constraint à la Kiyotaki and Moore (1997), looser collateral requirements increase the demand for credi ...
trends in australia`s trade and the balance of
... Table 9 shows that over time the stock of foreign liabilities had risen to $2,034,170m in 2010-11, consisting of $734,650m in equity borrowings and $1,299,520m in debt borrowings. Total foreign assets were valued at -$1,253,049m in 2010-11, consisting of -$628,520m in equity lending and -$624,529m i ...
... Table 9 shows that over time the stock of foreign liabilities had risen to $2,034,170m in 2010-11, consisting of $734,650m in equity borrowings and $1,299,520m in debt borrowings. Total foreign assets were valued at -$1,253,049m in 2010-11, consisting of -$628,520m in equity lending and -$624,529m i ...
NBER WORKING PAPER SERIES FINANCIAL GLOBALIZATION, FINANCIAL CRISES, AND THE EXTERNAL
... equilibrium business cycle model with aggregate, non-insurable risk, in which a small open economy is vulnerable to nancial crises because of two frictions in world capital markets: A Fisherian collateral constraint that restricts foreign borrowing not to exceed a fraction of the market value of do ...
... equilibrium business cycle model with aggregate, non-insurable risk, in which a small open economy is vulnerable to nancial crises because of two frictions in world capital markets: A Fisherian collateral constraint that restricts foreign borrowing not to exceed a fraction of the market value of do ...
Deterioration of Bank Balance Sheets and
... rate and 10-year Treasury bond increased by almost 1.5 percentage points. Meanwhile, the volume of mortgage originations dropped by almost 50%. Higher cost of credit led to further contraction in economic activity, lowering income of households and raising the cost of buying a house. Demand for hous ...
... rate and 10-year Treasury bond increased by almost 1.5 percentage points. Meanwhile, the volume of mortgage originations dropped by almost 50%. Higher cost of credit led to further contraction in economic activity, lowering income of households and raising the cost of buying a house. Demand for hous ...
Briefing on the 2015 Blue and Pink Books (Powerpoint presentation
... 2014 Chained Volume Measure Estimates Final Blue Book 2015 Chained Volume Measure Estimates ...
... 2014 Chained Volume Measure Estimates Final Blue Book 2015 Chained Volume Measure Estimates ...
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.