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1 - 10 van 92 voor equity capital markets
Microsoft Word - DP128_demooij _2_.doc
... . on asset markets, bonds and equity of different origins are perfect substitutes and are freely traded on world markets so that returns are fixed for individual countries. debt and equity are imperfect ... that the allowance applies to the book value of equity capital in the tax accounts. in contrast, interest deductibility applies to actual debt, not capital in the tax accounts. under cbit, the ...
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Dia 1
... years fall in funding ratio since beginning of 2010 decline by 12 points decomposition equity 0 bonds + 3 liabilities + 15 interest rate down, life expectancy up note that this ... future generations (climate change, ageing...) institutions capital markets young and unborn generations cannot engage in risk sharing due to limited liability of human capital human capital ( future wages) cannot be used as ...
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Microsoft Word - discussion57
... elasticities of substitution between labour and capital are the same in each region. labour and capital are the only inputs in the production process, so input markets for intermediate goods as well as ... real benefit levels. the desirability of such a differential is questionable from the perspective of equity. also, it may reduce the incentive to job search for people in high-unemployment regions ...
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Microsoft Word - cpbdoc96
... consumer welfare to have access to well functioning markets for life insurance products. it cannot be taken for granted that these markets do indeed function properly. characteristics of the market ... a complex type of mortgage, in particular equity-based mortgages (with these mortgages, monthly premiums are invested in equity funds; there is no guaranteed capital). the difference is large 36% of ...
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Microsoft Word - cpbdoc_tang.doc
... on capital flows? how mobile is capital? and to what extent could international capital flows help to mitigate the economic effects of ageing? we review the existing evidence on the role of international capital markets ... ) and perhaps the excess return on investment to the extent that pension funds invest in equity. in a payg-system the rate of return' depends on the real growth rate of ...
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N:\...\EINDVERSIE_deel1.w [PFP#1030632807]
... . executive summary 19 reform to achieve better combinations of efficiency and equity, policy innovations are required. these may involve a partial retreat of public ... capital markets. this liberalisation was believed to bring gains since funds will flow towards investment projects with the highest rates of return. however, this argument may not hold for developing countries. capital markets ...
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L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... and one third, respectively (merrill lynch, 2000). indeed, compared to emu, financial markets (i.e. the markets for bonds and equity) play a greater role in the usa and japan. intermediaries exist ... negatively.30 there is evidence that competition from alternative sources of finance, most of all capital markets, reduces the market power of banks and leads to lower loan rates and higher volumes ...
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capital income taxation europe trends and trade offs pdf
... capital markets, thereby affecting the size and composition of savings and investments. 2.4.1 effect on savings let us start with the impact of capital income taxes on savings. capital ... investments through retained earnings as compared to new equity. this may cause lock-in effects, with adverse implications for the flexibility of capital markets. finally, corporate taxes can affect the ...
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new approach measuring competition loan markets euro area pdf
... competition from foreign banks and capital markets, tend to be more competitive, particularly in germany and the us, than savings and cooperative banks, which typically operate in local markets. an exception is ... -k2) control variables (also called netputs'), e.g. the equity ratio. in line with berger and mester (1997), the equity ratio corrects for differences in loan portfolio risk across banks. ...
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Manager turnover and firm performance
... equity related fields, and is followed by the eu countries that we classify as market-based (eg the uk, france8 and the netherlands). these typically have well developed stock markets, active venture capital markets ... accessible for providers of equity capital also allow their banks to play a role as financial hubs through which international capital markets finance international investments. also ...
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