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James Rogers challenges the basic assumptions of the law of checks and notes and its history, and provides a well-reasoned account of how the law could be changed to better suit the evolution of new payment technologies.
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Effets de commerce --- Banques --- Banking law --- Negotiable instruments --- Droit --- Manuels d'enseignement supérieur. --- Handbooks, manuals, etc.
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Financial instruments --- Investments --- Law and legislation --- Investing --- Investment management --- Portfolio --- Capital instruments --- Finance --- Disinvestment --- Loans --- Saving and investment --- Speculation --- Legal instruments --- Negotiable instruments
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Bank credit cards --- Negotiable instruments --- Checks --- Direct deposit payments --- Electronic funds transfers --- Cartes bancaires --- Effets de commerce --- Chèques --- Virement automatique (Banques) --- Monnaie électronique --- Law and legislation --- Droit
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While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite their growing relevance. This paper finds that the extent to which fiscal variables affect domestic bond yields in emerging economies depends on the level of global risk aversion. During tranquil times in global markets, fiscal variables do not seem to be a significant determinant of domestic bond yields in emerging economies. However, when market participants are on edge, they pay greater attention to country-specific fiscal fundamentals, revealing greater alertness about default risk.
Finance --- Business & Economics --- Investment & Speculation --- Bonds. --- Investments --- Bond issues --- Debentures --- Negotiable instruments --- Securities --- Debts, Public --- Stocks --- Bonds --- E-books --- Finance: General --- Investments: Bonds --- Public Finance --- Financial Markets and the Macroeconomy --- Fiscal Policy --- International Financial Markets --- Debt --- Debt Management --- Sovereign Debt --- General Financial Markets: General (includes Measurement and Data) --- Investment & securities --- Public finance & taxation --- Bond yields --- Government debt management --- Emerging and frontier financial markets --- Public debt --- Securities markets --- Financial institutions --- Public financial management (PFM) --- Financial markets --- Financial services industry --- Capital market --- United States
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This paper discusses findings of the joint IMF–World Bank Indonesia Financial Sector Assessment Program (FSAP) undertaken during 2009– 10. The assessment was conducted on processes and functions, as opposed to institutions and with the cooperation of the Bapepam-LK, the Bank Indonesia. It was found that the legal framework governing the clearing and settlement operations of the equity and corporate bond market supports some, but not all, of the key elements of the clearing and settlement process.
Securities --- Stocks --- Bonds --- Bond issues --- Debentures --- Negotiable instruments --- Debts, Public --- Common shares --- Common stocks --- Equities --- Equity capital --- Equity financing --- Shares of stock --- Stock issues --- Stock offerings --- Stock trading --- Trading, Stock --- Corporations --- Going public (Securities) --- Stock repurchasing --- Stockholders --- Blue sky laws --- Capitalization (Finance) --- Investment securities --- Portfolio --- Scrip --- Securities law --- Underwriting --- Investments --- Investment banking --- Law and legislation --- Banks and Banking --- Finance: General --- Investments: General --- Money and Monetary Policy --- Investments: Bonds --- General Financial Markets: General (includes Measurement and Data) --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Monetary Systems --- Standards --- Regimes --- Government and the Monetary System --- Payment Systems --- Investment & securities --- Finance --- Banking --- Monetary economics --- Stock markets --- Securities settlement systems --- Currencies --- Financial institutions --- Financial markets --- Money --- Corporate bonds --- Financial instruments --- Stock exchanges --- Banks and banking --- Clearing of securities --- Indonesia
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