|
1 - 10 van 10 voor cash collateral
Dia 1
... due to limited liability of human capital human capital ( future wages) cannot be used as collateral in the absence of slavery moral hazard because less labour supplied if pension burden too ... ? taxes on human capital income and financial capital income distortionary impact can be reduced by cash flow treatment (eet) of pensions ! making if tax rates and transfers contingent on the state ...
cpb.nl
doc211.pdf
... interbank wholesale markets is difficult because assets are opaque and therefore have relatively little collateral value. in big banks, soft information still plays a central role. in contrast with ... technology can be used to generate more hard information. for example, data generated by cash management software, electronic payment systems or credit rating agencies allows firms to more credibly ...
cpb.nl
L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... diversity of counterparties 122 7.4.4 competition increases the range of securities posted as collateral impact of internationalisation on the trade-off 122 7.6 policy to influence the trade ... and f the fixed cost of intermediation. let 0 1 denote deposits held as compulsory cash reserves at the central bank, rl the interest rate on loans, rd the rate on ...
cpb.nl
governance stakeholder relationships german and dutch experience pdf
... control bank ownership of shares monitoring private gains anti-takeover defence entrenchement risk premium collateral credit rating long-term relationship credit market competition value of equity remuneration stock ... and yosha, 1995). according to jensen (1988) managers often waste free cash flow on these activities. free cash flow concerns earnings of the company that exceed the funds needed ...
cpb.nl
linkages between financial and real sector economy pdf
... in principle to any shock that affects borrower balance sheets or cash flows.' thus, it is a mechanism that amplifies shocks through ... another quite good example for such a collateral is land which is a common used collateral value and is also in use as a ... of the collateral due to the accelerator mechanism carries over to another borrower because both use the same asset class as collateral. some ...
cpb.nl
memo221.pdf
... get credit by putting up collateral. a drop in the value of property titles erodes the value of their collateral. a drop in ... itself invest (for example in infrastructure) or use it as collateral or to furnish security for the business sector. international imbalances ... up into packages, and sell on the right to the (prioritized) cash flows generated by these packages to investors like pension funds, ...
cpb.nl
Microsoft Word - Memorandum AFC.doc
... with sudden withdrawals by their clients, decide to liquidate part of their portfolio. they usually cash-in on their investments in countries that have not yet been affected by the initial ... outflow of capital would deflate asset prices and thereby diminish the value of the banks' collateral. in addition, financial weaknesses had induced high and growing leverage and sizeable currency and maturity ...
cpb.nl
Research Memorandum (set-up) [PFP#500828465]
... an intermediate output of research is unsuitable for solid collateral in cases of economic setbacks. so because of informational asymmetry and lack of collateral involved with r d, risk averse financiers may ... only need only a small loan that is fully covered by equity. companies with plenty cash may even confine with their internal funds and thus abandon from lending. so generally speaking ...
cpb.nl
Microsoft Word - cpbdoc210.doc
... basic mechanism of financial acceleration is that during an economic contraction the value of available collateral and the level of pledgeable income decrease. this reduces firms' ability to borrow and lowers ... different banks operate in different regions. banks' depositors from one region may want to withdraw cash to spend on consumption in another region. as a consequence, banks run liquidity risk ...
cpb.nl
dp209.indd
... collateral. in considering only a limited set of players who have the skills to supply liquidity on date two (the rival intermediaries) we follow the literature on fire-sales, or cash ... model of complexity. working paper. caballero, r. j. and krishnamurthy, a. (2001). international and domestic collateral constraints in a model of emerging market crises. journal of monetary economics, carletti, e. ...
cpb.nl
| 