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1 - 8 van 8 voor linked securities
L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... savings institutions (insurance companies, pension funds), investment institutions (mutual funds, finance companies), securities market institutions (investment banks, brokerage firms, organized exchanges), and government (-backed) financial ... contagious and spread to other banks, especially when these banks are linked to the failing institution through interlocking claims (e.g. via clearing- ...
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Research Memorandum (set-up) [PFP#1291253990]
... c as a percentage of gross value added. d business services excluding legal services and securities, and temporary employment agencies. source cbs (1994) business services; summarised overview 1992 (only in ... chambers of commerce and contains information about dates of entry and exit. remarkably, additional linked cbs information on birth and death of firms, based on the general business register, ...
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governance stakeholder relationships german and dutch experience pdf
... credit markets. by consequence, large firms also directly apply to the credit market by issuing securities. if a bank has invested a considerable amount of capital in a specific firm for ... which employs many workers. if part of the income of a group of workers is linked to profits, each individual worker faces 9 this argument is based on the efficiency wage ...
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macroeconomic resilience dsge model pdf
... grows at rate, xt. the following four variables are net cash inflow from state contingent securities, aj,t, wage income, wj,thj,t, cash and the household's share of profits ... competitive markets. in new keynesian dsge models competition and the effects of nominal rigidity are linked. montfort, den butter and weitenberg (2003) conclude that in particular productivity technology shocks are slowly ...
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linkages between financial and real sector economy pdf
... the central bank, e.g. monetary tightening by selling government securities, affects the reserves of the banking sector and the money ... exchange rate channel monetarist channel sector to hold the extra securities, interest rates rise.4 this sets in motion the interest ... on corporate bond interest rate spreads as they are closely linked to the above mentioned spread. this was first conducted in gertler ...
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Microsoft Word - cpbdoc210.doc
... a crisis that begins in one region or country spreads to an economically linked region or country'. 16 adversely affects other financial institutions. second, this relationship results ... changes with the arrival of new information (gorton and pennachi, 1990). thus, information sensitive securities create an incentive to gather information. such assets create information asymmetry between informed ...
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129 The Welfare Gains From Stab [PFP#1092202722]
... against exchange rate risk (adler and dumas (1983)). by matching the portfolio share of foreign securities to the consumption share of foreign goods, households achieve that real exchange rate shocks have ... third term may have any sign. the welfare effect of exchange rate risk can be linked to the portfolio share of foreign capital as (18) demonstrates, the welfare effect of exchange ...
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omslag policy brief 2011 7 uk indd
... and old trade risks over the life cycle (initial wealth absence of such wage-linked or gdp-linked bonds, private pension funds can implement a second- best solution using existing (nominal) ... providing tradable financial assets such as gdp bonds and longevity bonds. by buying these public securities to match their liabilities, private pension providers do not have to hold substantial solvency ...
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