NBER WORKING PAPER SERIES SOME ESTIMATES FOR OECD COUNTRIES
... countries covering a maximum time span from 1960 to 2002. The results indicate statistically and economically signiÞcant effects of Þscal imbalances on long-term interest rates. In our preferred speciÞcation, a one percentage point increase of the primary deÞcit-to-GDP ratio is associated with a 10-b ...
... countries covering a maximum time span from 1960 to 2002. The results indicate statistically and economically signiÞcant effects of Þscal imbalances on long-term interest rates. In our preferred speciÞcation, a one percentage point increase of the primary deÞcit-to-GDP ratio is associated with a 10-b ...
justice foreclosed
... further institutionalized housing segregation by making it illegal to rent certain properties to blacks. The Louisiana Jim Crow laws, for instance, stated that “any person...who shall rent any part of any such building to a negro person or a negro family when such building is already in whole or in ...
... further institutionalized housing segregation by making it illegal to rent certain properties to blacks. The Louisiana Jim Crow laws, for instance, stated that “any person...who shall rent any part of any such building to a negro person or a negro family when such building is already in whole or in ...
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... We calculate that the potential book loss from the defaults is about $300 billion—on the basis of an estimated LBO debt of around $1 trillion for the entire market and assuming a current value of this debt for a sample of 328 private-equity portfolio companies.15 In comparison, the losses that spark ...
... We calculate that the potential book loss from the defaults is about $300 billion—on the basis of an estimated LBO debt of around $1 trillion for the entire market and assuming a current value of this debt for a sample of 328 private-equity portfolio companies.15 In comparison, the losses that spark ...
Chapter 19
... • These assets are considered “permanent” because the level is constant, not because the assets aren’t ...
... • These assets are considered “permanent” because the level is constant, not because the assets aren’t ...
A Qualitative Analysis of Pakistan`s External and Internal Debt
... reoccur, the burden of its economic and social costs on citizens would be more severe this time. The already existing circular debt in the energy sector, which has choked economic activity flows, would add fuel to the fire. Additional complications would arise, especially for the poor and middle-inc ...
... reoccur, the burden of its economic and social costs on citizens would be more severe this time. The already existing circular debt in the energy sector, which has choked economic activity flows, would add fuel to the fire. Additional complications would arise, especially for the poor and middle-inc ...
California, Pivot of the Great Recession
... in the worst shape since the Great Depression. As Steven Levy of the Center for the Continuing Study of the California Economy, has put it, “We were at the epicenter of the housing bubble, and we are at the epicenter of the fallout" (Steinhauer 2009). The state lost over 1 million jobs from the peak ...
... in the worst shape since the Great Depression. As Steven Levy of the Center for the Continuing Study of the California Economy, has put it, “We were at the epicenter of the housing bubble, and we are at the epicenter of the fallout" (Steinhauer 2009). The state lost over 1 million jobs from the peak ...
Accounting Fundamentals for Managing and Sustaining Profitability
... Current Assets / Current Liabilities (short term liquidity test) Total Debt / Total Equity (how much debt leverage you have on your business – risk versus reward issue) ...
... Current Assets / Current Liabilities (short term liquidity test) Total Debt / Total Equity (how much debt leverage you have on your business – risk versus reward issue) ...
Bank of America 4Q16 Financial Results
... 3 Includes portfolios in Consumer Banking and GWIM. 4 Total mortgage production includes first mortgage and home equity originations in Consumer Banking and GWIM. Amounts represent the unpaid principal balance of loans and in the case of home equity, the principal amount of the total line of credit. ...
... 3 Includes portfolios in Consumer Banking and GWIM. 4 Total mortgage production includes first mortgage and home equity originations in Consumer Banking and GWIM. Amounts represent the unpaid principal balance of loans and in the case of home equity, the principal amount of the total line of credit. ...
The Economics of Austerity and the Vicious Spirals of Greece
... ratio at an unsustainable level. As a member country of the European Monetary Union (EMU) Greece could not use monetary policy as a stabilizing tool and was therefore left with internal devaluation after the financial crisis hit Europe. The resulting sharp decline in wages and GDP growth made it eve ...
... ratio at an unsustainable level. As a member country of the European Monetary Union (EMU) Greece could not use monetary policy as a stabilizing tool and was therefore left with internal devaluation after the financial crisis hit Europe. The resulting sharp decline in wages and GDP growth made it eve ...
Project finance: Transactional evidence from Australia
... managers, sovereign wealth funds, and institutional investors will take time to bridge the financing gap. In the meantime, it is difficult to source project finance for tenors beyond seven years, risk premiums are higher, and finance is difficult to source. Recent innovations in the form of the Euro ...
... managers, sovereign wealth funds, and institutional investors will take time to bridge the financing gap. In the meantime, it is difficult to source project finance for tenors beyond seven years, risk premiums are higher, and finance is difficult to source. Recent innovations in the form of the Euro ...
Elisabetta Croci Angelini Francesco Farina(*) SOVEREIGN
... The literature shares the opinion that the spreads have enlarged once the perception of the global risk rose and financial operators started discriminating across EMU countries depending on macroeconomic fundamentals. In many countries, the impact of country-specific factors on their spreads appears ...
... The literature shares the opinion that the spreads have enlarged once the perception of the global risk rose and financial operators started discriminating across EMU countries depending on macroeconomic fundamentals. In many countries, the impact of country-specific factors on their spreads appears ...
Inside Debt and Corporate Investment
... risk, which they interpret as evidence for inside debt motivating managers to reduce firm risk, e.g., by accepting fewer risky investments. Similarly, Cassell et al. (2012) find a negative association between CEO inside debt holdings and the volatility of future firm stock returns. More directly, th ...
... risk, which they interpret as evidence for inside debt motivating managers to reduce firm risk, e.g., by accepting fewer risky investments. Similarly, Cassell et al. (2012) find a negative association between CEO inside debt holdings and the volatility of future firm stock returns. More directly, th ...
external employment Role of financial inclusion in meeting the SDGs
... Greatly discounting future costs or benefits relative to immediate costs or benefits. ...
... Greatly discounting future costs or benefits relative to immediate costs or benefits. ...
How to do a Debt Sustainability Analysis for Low
... interest rate. The NPV of a loan then summarizes the amount a country would have to invest risk free today to cover its future debt-service obligations. Putting this notion into practice has led to the use of currency specific commercial interest rates (CIRRs). CIRRs correspond to secondary market y ...
... interest rate. The NPV of a loan then summarizes the amount a country would have to invest risk free today to cover its future debt-service obligations. Putting this notion into practice has led to the use of currency specific commercial interest rates (CIRRs). CIRRs correspond to secondary market y ...
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... It has been said that you must measure what you expect to manage and accomplish. Without measurement, you have no reference to work with and thus, you tend to operate in the dark. One way of establishing references and managing the financial affairs of an organization is to use ratios. Ratios are si ...
... It has been said that you must measure what you expect to manage and accomplish. Without measurement, you have no reference to work with and thus, you tend to operate in the dark. One way of establishing references and managing the financial affairs of an organization is to use ratios. Ratios are si ...
Long-term debt maturity and financing constraints of SMEs during
... firms. Information asymmetries are generally higher for SMEs, as they have less information disclosure requirements. Therefore, problems of adverse selection, moral hazard, and credit rationing are more pronounced for SMEs than for large firms (e.g., Beck et al. 2008; Berger and Udell 1998; Hyytinen ...
... firms. Information asymmetries are generally higher for SMEs, as they have less information disclosure requirements. Therefore, problems of adverse selection, moral hazard, and credit rationing are more pronounced for SMEs than for large firms (e.g., Beck et al. 2008; Berger and Udell 1998; Hyytinen ...
WHICH FACTORS DETERMINE SOVEREIGN CREDIT RATINGS
... Sovereign debt (debt incurred by governments) can take the form of commercial loans or of bond issues. In particular, developed countries are the largest issuers of bonds on capital markets. Moreover, in the 1990s the structure of private capital flows to developing countries has dramatically change ...
... Sovereign debt (debt incurred by governments) can take the form of commercial loans or of bond issues. In particular, developed countries are the largest issuers of bonds on capital markets. Moreover, in the 1990s the structure of private capital flows to developing countries has dramatically change ...
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.