wyszukanych pozycji: 100
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Banking Basics (Color)
ISBN: 9781511614757 / Angielski / Miękka / 2015 / 44 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. Some young savers stash their cash in shoe boxes or jelly jars. Others use "piggy banks," which today look more like spaceships or cartoon characters. In any case, the same problem arises. Sooner or later, the piggy bank or jelly jar fills up, and you have to make a decision: Should I spend the money or continue to save? And if I continue to save, should I open a bank account or just find a bigger jar? Maybe you've had to face such a decision yourself. If you decide to keep your money at home, it will just sit there and won't earn any extra money for you. You also run the risk that a burglar,...
Some young savers stash their cash in shoe boxes or jelly jars. Others use "piggy banks," which today look more like spaceships or cartoon characters....
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cena:
79,62 |
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Capital Planning at Large Bank Holding Companies: Supervisory Expectations and Range of Current Practice
ISBN: 9781505421095 / Angielski / Miękka / 2014 / 44 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. The Federal Reserve has previously noted the importance of capital planning at large, complex bank holding companies (BHCs). Capital is central to a BHC's ability to absorb unexpected losses and continue to lend to creditworthy businesses and consumers. It serves as the first line of defense against losses, protecting the deposit insurance fund and taxpayers. As such, a large BHC's processes for managing and allocating its capital resources are critical not only to its individual health and performance, but also to the stability and effective functioning of the U.S. financial system. The...
The Federal Reserve has previously noted the importance of capital planning at large, complex bank holding companies (BHCs). Capital is central to a B...
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cena:
59,66 |
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Banking Basics
ISBN: 9781511614696 / Angielski / Miękka / 2015 / 44 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. Some young savers stash their cash in shoe boxes or jelly jars. Others use "piggy banks," which today look more like spaceships or cartoon characters. In any case, the same problem arises. Sooner or later, the piggy bank or jelly jar fills up, and you have to make a decision: Should I spend the money or continue to save? And if I continue to save, should I open a bank account or just find a bigger jar? Maybe you've had to face such a decision yourself. If you decide to keep your money at home, it will just sit there and won't earn any extra money for you. You also run the risk that a burglar,...
Some young savers stash their cash in shoe boxes or jelly jars. Others use "piggy banks," which today look more like spaceships or cartoon characters....
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cena:
59,66 |
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Current Economic Conditions: March 5, 2014
ISBN: 9781503222960 / Angielski / Miękka / 2014 / 46 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. Reports from most of the twelve Federal Reserve Districts indicated that economic conditions continued to expand from January to early February. Eight Districts reported improved levels of activity, but in most cases the increases were characterized as modest to moderate. New York and Philadelphia experienced a slight decline in activity, which was mostly attributed to the unusually severe weather experienced in those regions. Growth slowed in Chicago, and Kansas City reported that conditions remained stable during the reporting period. The outlook among most Districts remained optimistic....
Reports from most of the twelve Federal Reserve Districts indicated that economic conditions continued to expand from January to early February. Eight...
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cena:
51,68 |
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Going Public Abroad
ISBN: 9781503231221 / Angielski / Miękka / 2014 / 48 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. This study examines the decision to go public abroad using a sample of 17,808 IPOs. Although only 6% of initial public offerings are offered abroad, these represent approximately 25% of total IPO proceeds. We find that alleviating informational frictions in order to obtain greater offering proceeds is an important determinant of the decision to go public abroad. Foreign and global IPOs originate from countries with significantly fewer recent IPOs in the same industry, less developed capital markets, and lower disclosure standards. Contrary to assumptions in prior research, we also show that...
This study examines the decision to go public abroad using a sample of 17,808 IPOs. Although only 6% of initial public offerings are offered abroad, t...
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cena:
59,66 |
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The Real Effects of Credit Line Drawdowns
ISBN: 9781511467223 / Angielski / Miękka / 2015 / 54 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. |
cena:
51,68 |
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Aggregate Supply in the United States: Recent Developments and Implications for the Conduct of Monetary Policy
ISBN: 9781503222908 / Angielski / Miękka / 2014 / 62 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. The recent financial crisis and ensuing recession appear to have put the productive capacity of the economy on a lower and shallower trajectory than the one that seemed to be in place prior to 2007. Using a version of an unobserved components model introduced by Fleischman and Roberts (2011), we estimate that potential GDP is currently about 7 percent below the trajectory it appeared to be on prior to 2007. We also examine the recent performance of the labor market. While the available evidence is still inconclusive, some indicators suggest that hysteresis should be a more present concern now...
The recent financial crisis and ensuing recession appear to have put the productive capacity of the economy on a lower and shallower trajectory than t...
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cena:
51,68 |
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Who Works for Startups? The Relation between Firm Age, Employee Age, and Growth
ISBN: 9781503287112 / Angielski / Miękka / 2014 / 60 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. Young firms disproportionately employ young workers, controlling for firm size, industry, geography and time. The same positive correlation between young firms and young employees holds when we look just at new hires. On average, young employees in young firms earn higher wages than young employees in older firms. Further, young employees disproportionately join young firms with greater innovation potential and that exhibit higher growth, conditional on survival. These facts are consistent with the argument that the skills, risk tolerance, and career dynamics of young workers are contributing...
Young firms disproportionately employ young workers, controlling for firm size, industry, geography and time. The same positive correlation between yo...
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cena:
51,68 |
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Discovering the Universe: Measuring the Role of Finance Companies in the U.S. Economy
ISBN: 9781503223677 / Angielski / Miękka / 2014 / 38 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. Credit to consumers and business is critical to the efficient functioning of the U.S. economy, and finance companies are a key source of such credit. Every five years, the Federal Reserve conducts a two-part survey: the Census of Finance Companies (CFC) to identify the universe of such firms and the Survey of Finance Companies (SFC) to obtain balance-sheet data from firms identified in the CFC. In 2010, this survey underwent a major revision that addressed both the absence of a comprehensive list frame and low response rates. A follow-up study of nonrespondents to the CFC was conducted to...
Credit to consumers and business is critical to the efficient functioning of the U.S. economy, and finance companies are a key source of such credit. ...
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cena:
51,68 |
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Trend Inflation in Advanced Economies
ISBN: 9781503287143 / Angielski / Miękka / 2014 / 48 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. We derive estimates of trend inflation for fourteen advanced economies from a framework in which trend shocks exhibit stochastic volatility. The estimated specification allows for timevariation in the degree to which longer-term inflation expectations are well anchored in each economy. Our results bring out the effect of changes in monetary regime (such as the adoption of inflation targeting in several countries) on the behavior of trend inflation. Our estimates expand on the previous literature in several dimensions: For each country, we employ a multivariate approach that pools different...
We derive estimates of trend inflation for fourteen advanced economies from a framework in which trend shocks exhibit stochastic volatility. The estim...
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cena:
51,68 |
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Institutions and return predictability in oil-exporting countries
ISBN: 9781511660426 / Angielski / Miękka / 2015 / 32 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. We study whether stock market returns in oil-exporting countries can be predicted by oil price changes, and we investigate the link between predictability and the quality of each country's institutions. Returns are predictable for half the countries we consider, and predictability is stronger when institutional quality is lower. We argue that the relation between predictability and institutional quality re ects the preference of countries with weaker institutions to consume oil windfalls locally rather than smooth out the impact of windfalls by, for instance, investing the proceeds through a...
We study whether stock market returns in oil-exporting countries can be predicted by oil price changes, and we investigate the link between predictabi...
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cena:
51,68 |
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Computing Arbitrage-Free Yields in Multi-Factor Gaussian Shadow-Rate Term Structure Models
ISBN: 9781503223738 / Angielski / Miękka / 2014 / 36 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. This paper develops a method to approximate arbitrage-free bond yields within a term structure model in which the short rate follows a Gaussian process censored at zero (a shadow-rate model as proposed by Black, 1995). The censoring ensures that model-implied yields are constrained to be positive, but it also introduces non-linearity that renders standard bond pricing formulas inapplicable. In particular, yields are not linear functions of the underlying state vector as they are in a ne term structure models (see Piazzesi, 2010). Existing approaches towards computing yields in shadow-rate...
This paper develops a method to approximate arbitrage-free bond yields within a term structure model in which the short rate follows a Gaussian proces...
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cena:
51,68 |
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Sectoral Allocation, Risk Efficiency and the Great Moderation
ISBN: 9781499136708 / Angielski / Miękka / 2014 / 40 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. The decline in U.S. real GDP growth volatility after the mid 1980s was an outcome of more risk efficient and more diversified sectoral allocations. Using a portfolio approach, I distinguish between the two determinants of GDP growth volatility: sectoral covariances and sectoral allocations. I use the sectoral growth and covariances to compute the growth-volatility frontier of the economy. I define the efficiency of the actual sectoral allocation as the distance of the economy from the frontier, measured in the (volatility, growth) space. There are three main findings. 1) The frontier has...
The decline in U.S. real GDP growth volatility after the mid 1980s was an outcome of more risk efficient and more diversified sectoral allocations. Us...
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cena:
59,66 |
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Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital
ISBN: 9781499136906 / Angielski / Miękka / 2014 / 50 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. We examine the effects of government policy uncertainty on cross-border capital flows. FDI flows from US companies to foreign affiliates drop significantly during the period just before an election. The election effect for FDI is larger than election cycles in domestic investment. The electoral patterns in FDI flows are more pronounced in countries with higher propensities for policy reversals and when election outcomes are more uncertain. Our identification strategy compares variation in different types of capital flows into the same country around the timing of national elections. The...
We examine the effects of government policy uncertainty on cross-border capital flows. FDI flows from US companies to foreign affiliates drop signific...
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cena:
39,71 |
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Sectoral Allocation, Risk Efficiency and the Great Moderation
ISBN: 9781503283473 / Angielski / Miękka / 2014 / 40 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. This paper argues that the decline in U.S. real GDP growth volatility after the mid 1980s was an outcome of more risk efficient and more diversified sectoral allocations. Using a portfolio approach, I distinguish between the two determinants of GDP growth volatility: sectoral covariances and sectoral allocations. I use the sectoral growth and covariances to com- pute the growth-volatility frontier of the economy. I define the efficiency of the actual sectoral allocation as the distance of the economy from the frontier, measured in the (volatility, growth) space. There are three main findings....
This paper argues that the decline in U.S. real GDP growth volatility after the mid 1980s was an outcome of more risk efficient and more diversified s...
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cena:
51,68 |
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Downside Variance Risk Premium
ISBN: 9781511660457 / Angielski / Miękka / 2015 / 66 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. Our results are supported by a simple equilibrium consumption-based asset pricing model.
Our results are supported by a simple equilibrium consumption-based asset pricing model.
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cena:
51,68 |
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Learning, Rare Disasters, and Asset Prices
ISBN: 9781503231191 / Angielski / Miękka / 2014 / 34 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. In this study, we examine how learning about disaster risk affects asset pricing in an endowment economy. We extend the literature on rare disasters by allowing for two sources of uncertainty: (1) the lack of historical data results in unknown parameters for the disaster process, and (2) the disaster takes time to unfold and is not directly observable. The model generates time variation in the risk premium through Bayesian updating of agents' beliefs regarding the likelihood and severity of disaster realization. The model accounts for the level and volatility of U.S. equity returns and...
In this study, we examine how learning about disaster risk affects asset pricing in an endowment economy. We extend the literature on rare disasters b...
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cena:
59,66 |
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Labor Force Participation: Recent Developments and Future Prospects
ISBN: 9781506127545 / Angielski / Miękka / 2015 / 70 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. More than five years after the Great Recession ended, the labor market has, by many metrics, finally shown substantial improvement. The unemployment rate is now nearly 4 percentage points below the peak reached in late 2009, and the number of nonfarm payroll jobs has returned to pre-recession levels. However, one lingering concern is the ongoing decline in the labor force participation rate and the concomitant absence of a significant rise in the percentage of the working-age population who are employed. In particular, the labor force participation rate has fallen from about 66 percent of the...
More than five years after the Great Recession ended, the labor market has, by many metrics, finally shown substantial improvement. The unemployment r...
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cena:
51,68 |
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Labor Force Participation: Recent Developments and Future Prospects
ISBN: 9781507564905 / Angielski / Miękka / 2015 / 70 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. More than five years after the Great Recession ended, the labor market has, by many metrics, finally shown substantial improvement. The unemployment rate is now nearly 4 percentage points below the peak reached in late 2009, and the number of nonfarm payroll jobs has returned to pre-recession levels. However, one lingering concern is the ongoing decline in the labor force participation rate and the concomitant absence of a significant rise in the percentage of the working-age population who are employed. In particular, the labor force participation rate has fallen from about 66 percent of the...
More than five years after the Great Recession ended, the labor market has, by many metrics, finally shown substantial improvement. The unemployment r...
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cena:
51,68 |
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Testing Conflicts of Interest at Bond Ratings Agencies with Market Anticipation: Evidence the Reputation Incentives Dominate
ISBN: 9781500949433 / Angielski / Miękka / 2014 / 38 str. Termin realizacji zamówienia: ok. 16-18 dni roboczych. This book presents the first comprehensive test of whether well-known conflicts of interest at bond rating agencies importantly influence their actions. This hypothesis is tested against the alternative that rating agency actions are primarily influenced by a countervailing incentive to protect their reputations as delegated monitors. These two hypotheses generate a number of testable predictions regarding the anticipation of credit-rating downgrades by the bond market, which we investigate using a new data set of about 2,000 credit rating migrations from Moody's and Standard & Poor's, and...
This book presents the first comprehensive test of whether well-known conflicts of interest at bond rating agencies importantly influence their action...
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cena:
59,66 |