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1 - 10 van 17 voor performance bond
Microsoft Word - discussion165.doc
... required to post a performance bond' before work begins. wages equal the worker's alternative plus interest on the bond. deferred pay at the end of the contract equals the bond itself. in ... performance bond in the early years of his career by accepting wages below his productivity level. then, wages typically show an increasing pattern during the worker's career, and finally the performance bond ...
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dp174-flexible-retirement.pdf
... to post a ,,performance bond be- fore work begins. deferred pay at the end of the contract equals the bond itself. the incentive ... employer, a worker in the lazear model implicitly posts a performance bond in the early years of his career by accepting wages ... by the threat of losing future payments (lazear, 1979). the performance bond can for instance be paid out through a back- loaded pension ...
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doc211.pdf
... to borrowers in two ways directly, through financial markets such as money markets, bond markets, or equity markets, or indirectly through a financial intermediary, such as banks, ... shifts control from relatively passive claimholders (shareholders) when performance is good to more interventionist claimholders (debt holders) when performance is bad. the covenants of debt contracts specify the ...
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dp175 systemic risk across sectors pdf
... insurance on the payments of a bond in case of a credit event, where the underlying bond may also be issued by a ... random variable ri. a failure of firm i corresponds with a performance below the firm-specific negative failure level qi. sklar's ... random variable rmax is continuous by the continuity of the underlying performance measures r1, . . . , rn. then, the probability on the complement, p rmax ...
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N:\...\discussion26.wp [PFP#1230639143]
... for assessing the role of innovation in explaining differences in productivity (growth). 3.5 productivity performance of dutch market services table 3.3 presents some evidence on productivity measures and ... stock is close to zero (see hempell, 2002, for an illustration). blundell and bond (1998b) showed that the performance of gmm estimators can be improved considerably by exploiting the so-called ...
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Onderzoeksmemorandum (set-up) [PFP#301156075]
... a reliable basis for forecasting. a similar argument can be applied to the stock and bond markets, as well as to several commodity markets. 18 luckily, such markets are not dominant ... proper probability space in which this unbiasedness should hold. 5. communicating with the client past performance provides no guarantee for future results (required warning in dutch commercial investment ads) as i ...
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impact bank competition interest rate pass through euro area pdf
... articles test this model jointly with an alternative explanation of performance, namely the efficiency hypothesis, which attributes differences in performance (or profit) to differences in efficiency (e.g. goldberg and ... indicates available since'; 3m mr' money market rate (mr). 5y mr' government bond yield. 10y mr' government bond yield, all for the respective country. we select market rates which ...
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linkages between financial and real sector economy pdf
... the main wealth effect of monetary policy is via equity prices, not bond prices (craine and martin, 2003). compared to financial crises, monetary ... financial accelerator to a standard dsge models helps to improve its performance. as such this is not a direct test of the ... effect can be found in studies that focus on corporate bond interest rate spreads as they are closely linked to the above ...
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memo1850.pdf
... gevolgen voor prestatie-indicatoren (english version forthcoming re-exports, international comparisons and impact of market performance indicators), cpb document 143. mooij, r.a. de, 2006, reinventing the welfare state, cpb ... definitions), cbs website. rudebusch, g.d., e.t. swanson and t. wu, 2006, the bond yield conundrum , federal reserve bank of san francisco working paper 2006-16. 21 suyker, ...
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Manager turnover and firm performance
... bond markets, the issuance of listed equity and the prevalence of mergers and acquisitions. although performance against individual indicators is mixed for all countries, we find that by looking at the overall performance ...
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