Listing 1 - 10 of 963 | << page >> |
Sort by
|
Choose an application
Choose an application
Deze masterproef onderzoekt de impact van een 'financial covenant violation' op de prestaties van een bedrijf. Deze prestaties worden gemeten aan de hand van de investeringsbeslissingen en het financiële beleid. Verder wordt er ook nagegaan of er een verandering is in het voorkomen en de gevolgen van 'financial covenant violations' door toedoen van de recente financiële crisis.
Covenant violations. --- Covenants. --- Finance. --- Financial crisis. --- Financial policy. --- Firm performance. --- Investment decisions. --- Loan agreements. --- S180-economie.
Choose an application
"This paper studies how portfolios with a global investment scope are actually allocated internationally using a unique micro dataset on U.S. equity mutual funds. While mutual funds have great flexibility to invest globally, they invest in a surprisingly limited number of stocks, around 100. The number of holdings in stocks and countries from a given region declines as the investment scope of funds broadens. This restrictive investment practice has costs. A mean-variance strategy shows unexploited gains from further international diversification. Mutual funds investing globally could achieve better risk-adjusted returns by broadening their asset allocation, including stocks held by more specialized funds within the same mutual fund family (company). This investment pattern is not explained by lack of information or instruments, transaction costs, or a better ability of global funds to minimize negative outcomes. Instead, industry practices related to organizational factors seem to play an important role"--National Bureau of Economic Research web site.
Choose an application
Simultaneity of borrowing, withdrawal of savings, and loan defaults due to the pronounced seasonality of ag-riculture often leads to investment failure of rural financial institutions. Lack of borrowing leads to lack of in-come- and consumption-smoothing, and in turn, causes inefficient resource allocation by rural households. Financial institutions that are active in rural areas take different measures to address the covariate risks in in-termediation. For example, microfinance institutions have sought various measures such as supporting non-farm activities to diversify income, introducing seasonal loans, and bringing flexibility in loan repayments to reduce non-payments in lean seasons. This paper examines whether the financial inclusion policies of micro-finance institutions have successfully helped reduce the adverse effects of covariate risks. Analysis of house-hold and program level data from Bangladesh suggests that despite the innovative measures taken by the MFIs to cope with the covariate risks, seasonality of income still affects seasonality of borrowing and invest-ment decisions of both the households and MFIs beyond and above what is caused normally by agricultural seasonality. Innovation is needed to promote, among other things, sectoral diversification of financial inter-mediation and to avert the extreme seasonality of rural income. Rural labor markets should be diversified enough to address the seasonality of income and consumption. Public policies guiding rural financial inter-mediation must reflect such realities of rural economies.
Crop Cycles --- Financial Intermediation --- Investment Decisions --- Lean Seasons --- Microfinance --- Risk --- Rural Finance --- Seasonality
Choose an application
Published since 1950, this authoritative, annual reference is based upon a unique IMF database that tracks exchange and trade arrangements for all 186 IMF member countries, along with Hong Kong SAR, Aruba, and the Netherlands Antilles. The Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) draws together information available to the IMF from a number of sources, including during official IMF staff visits to member countries. There is a separate chapter for each of the 189 countries included, and these are presented in a clear, easy-to-read tabular format. A summary table allows for simple cross-country comparisons of key features of their exchange and trade regimes. The report's introduction summarizes recent global trends and developments. It discusses such topical issues as exchange rate arrangements, current or capital transactions, or prudential regulations. The individual country chapters outline exchange measures in place, the structure and setting of exchange rates, arrangements for payments and receipts, procedures for resident and nonresident accounts, mechanisms for import and export payments and receipts, controls on capital transactions, and provisions specific to the financial sector. The report now provides more detailed information on the operations of foreign exchange markets and exchange rate mechanisms and better describes the regulatory framework for current and capital account transactions.
Money and Monetary Policy --- Finance: General --- Monetary Policy --- Portfolio Choice --- Investment Decisions --- Monetary economics --- Finance --- Monetary policy --- Asset and liability management --- Liquidity --- Economics
Choose an application
Published since 1950, this authoritative annual reference is based on a unique IMF database that tracks exchange and trade arrangements for 187 IMF member countries, along with Hong Kong SAR, Aruba, and Curaçao and Sint Maarten. The Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) draws together information available to the IMF from a number of sources, including during official IMF staff visits to member countries. There is a separate chapter for each of the 189 countries included, and these are presented in a clear, easy-to-read tabular format. A summary table allows for simple cross-country comparisons of key features of their exchange and trade regimes. The report's introduction summarizes recent global trends and developments. It discusses such topical issues as exchange rate arrangements, current or capital transactions, or prudential regulations. The individual country chapters outline exchange measures in place, the structure and setting of exchange rates, arrangements for payments and receipts, procedures for resident and nonresident accounts, mechanisms for import and export payments and receipts, controls on capital transactions, and provisions specific to the financial sector. The report now provides more detailed information on the operations of foreign exchange markets and exchange rate mechanisms and better describes the regulatory framework for current and capital account transactions.
Money and Monetary Policy --- Finance: General --- Monetary Policy --- Portfolio Choice --- Investment Decisions --- Monetary economics --- Finance --- Monetary policy --- Asset and liability management --- Liquidity --- Economics
Choose an application
Sur la base de récents exemples de corruption dans les États baltes et l'ancienne Union soviétique, cette brochure analyse les liens entre la gestion des affaires publiques et la corruption, et souligne les coûts économiques élevés qu'entraîne la corruption. Elle fait le point sur les mesures que prend le FMI pour aider les pays de l'ancienne Union soviétique à réduire la corruption et à mettre en place les réformes réglementaires et juridiques nécessaires à la bonne gestion.
Finance: General --- International Economics --- Portfolio Choice --- Investment Decisions --- International Agreements and Observance --- International Organizations --- Finance --- International institutions --- Asset and liability management --- International organization --- Liquidity --- Economics --- International agencies
Choose an application
Published since 1950, this authoritative, annual reference is based upon a unique IMF database that tracks exchange and trade arrangements for all 185 IMF member countries, along with Hong Kong SAR, Aruba, and the Netherlands Antilles. The Annual Report on Exchange Arrangements and Exchange Restrictions (AREAER) draws together information available to the IMF from a number of sources, including during official IMF staff visits to member countries. There is a separate chapter for each of the 187 countries included, and these are presented in a clear, easy-to-read tabular format. A summary table allows for simple cross-country comparisons of key features of their exchange and trade regimes. The report's introduction summarizes recent global trends and developments. It discusses such topical issues as exchange rate arrangements, current or capital transactions, or prudential regulations. The individual country chapters outline exchange measures in place, the structure and setting of exchange rates, arrangements for payments and receipts, procedures for resident and nonresident accounts, mechanisms for import and export payments and receipts, controls on capital transactions, and provisions specific to the financial sector. The report now provides more detailed information on the operations of foreign exchange markets and exchange rate mechanisms and better describes the regulatory framework for current and capital account transactions.
Money and Monetary Policy --- Finance: General --- Monetary Policy --- Portfolio Choice --- Investment Decisions --- Monetary economics --- Finance --- Monetary policy --- Asset and liability management --- Liquidity --- Economics
Choose an application
Il y a dix ans, avec l'effondrement de l'Union soviétique et le lancement de réformes visant à assurer l'établissement de l'économie de marché dans un grand nombre des anciennes économies socialistes de l'Europe du Centre et de l'Est, la perspective de privatiser les entreprises publiques peu efficaces était le sujet de choix des ouvrages populaires et spécialisés. En tant qu'événement de premier plan symbolisant le passage de la planification centrale au capitalisme, la privatisation semblait offrir la possibilité d'en finir avec les insuffisances de la planification centrale — de libérer les ressources et talents de cette vaste région et d'aligner son niveau de vie sur celui des pays industrialisés. Quelles sont les grandes leçons à tirer de l'expérience de ces dix dernières années ? Si elle a été marquée par des succès, leur histoire récente s'est aussi caractérisée par de gros échecs, en particulier dans le cas de la Russie et d'autres pays de l'ex-Union soviétique. Aussi leur reste-t-il dans l'ensemble beaucoup à accomplir pour faire de la vision initiale — celle d'une plus grande liberté et d'une vie meilleure — une réalité.
Finance: General --- International Economics --- Portfolio Choice --- Investment Decisions --- International Agreements and Observance --- International Organizations --- Finance --- International institutions --- Asset and liability management --- International organization --- Liquidity --- Economics --- International agencies
Choose an application
A decade ago, with the breakup of the Soviet Union and the start of market-oriented reforms in many former socialist economies of Central and Eastern Europe, the prospect of privatizing inefficient state-owned companies figured prominently in both popular and academic writings. As the headline event symbolizing change from central planning to capitalism, privatization seemet to promise an end to the inefficiencies of central planning- the key to freeing the resources and talents of this huge area and lifting its living standards to those of the industrial countries. What broad lessons were learned from the experience of the past ten years? Along with their successes, prominent failures have also marked this recent history, especially in Russia and in other countries of the former Soviet Union. The overall task ahead thus remains vast if the original vision of greater freedom and higher living standards is to be realized.
Finance: General --- International Economics --- Portfolio Choice --- Investment Decisions --- International Agreements and Observance --- International Organizations --- Finance --- International institutions --- Asset and liability management --- International organization --- Liquidity --- Economics --- International agencies
Listing 1 - 10 of 963 | << page >> |
Sort by
|