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1 - 10 van 14 voor liquidity management
Microsoft Word - discussion164.doc
... control, and regu- lations on activities restrictions, private monitoring, market entry, and liquidity affect 'liquidity and market risk'. most importantly, however, our results also suggest that our ... an indicator of banking risk compared to indicators of profit- ability, efficiency and management qualities. this suggests that banking risk is multi- dimensional. furthermore, most indicators based ...
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Microsoft Word - discussion145.doc
... , zoetermeer. evans, d. and b. jovanovic, 1989, an estimated model of entrepreneurial choice under liquidity constraints, journal of political economy, vol. 97, no. 4, pp. 808-827. 28 fairlie, ... . nanda, r. and j. sorensen, 2009, peer effects and entrepeneurship, harvard business school entrepreneurial management working paper no. 08-051. oecd, 2000, employment outlook 2000, paris. praag, m. van ...
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doc211.pdf
... business model bundeled services, scope deposit funding wholesale funding, securitisation, balance sheet management customer client relationship market based activities, scale specialist business model bundeled ... to provide liquidity insurance. a theory of financial intermediation as liquidity pools can also be based on firms' liquidity needs instead of consumer liquidity needs (holmstroem and ...
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dp175 systemic risk across sectors pdf
... few years. furthermore, cds spreads are sensitive to changes in perceived counterparty risk, and the liquidity of cds markets may be limited. this means that movements in cds spreads are not ... the value-at-risk (var) of a firm which is the convenient approach in risk management.8 6we added returns for the period 1989-1992 to obtain estimates for the first ...
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L:\publicaties\...\cpbdoc15.wp [PFP#1210200691]
... 47 3.4.5 liquidity and reserve requirements 48 3.4.6 large exposure rules 48 3.4.7 disclosure requirements 48 3.4.8 internal risk management 49 3.5 regulatory ... competition for liquidity through cross-border repos without having sufficient regard to these risks may be problematic. this holds especially in an environment with legal uncertainty and careless risk management. again, this ...
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capital income taxation europe trends and trade offs pdf
... post tax rates of return that are required by individual shareholders (rather than the corporate management), they comprise both corporate and the personal income taxation. from this perspective, they are ... may reduce the incentives to invest. in particular, a substantial number of firms is liquidity constrained due to capital market imperfections. this may be due to asymmetric information between ...
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governance stakeholder relationships german and dutch experience pdf
... monitoring of management and reduces the scope for managerial opportunism. management share ownership closer aligns management and share- holder incentives. employee co-determination rights enable employees to monitor management ... . the exit option is useful if the stock market functions effectively. therefore, liquidity of the market has to be sufficient, market prices have to adequately ...
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indexlinkedbonds902.pdf
... the price of inflation linked bonds (the liquidity premium is a social cost; the inflation risk premium not) debt management in the netherlands nominal framework nominal emu balance ... management and moves to a real framework encompassing the broad portfolio of the government (including future liabilities) markets are sufficiently deep (european coordination) to reduce transaction costs and liquidity ...
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memo144.pdf
... storage in the grid itself, known as line pack. 4 load management. large gas users may be able to react to high gas ... some extent in italy. the zeebrugge hub in belgium derives its liquidity mainly from the presence of the interconnector that is used for daily arbitrage with the uk market. liquidity on the recently initiated virtual market place in the netherlands, called ...
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memo221.pdf
... , indeed have higher economic growth on average.12 levine and zervos (1998) find that liquidity and the size of credit are significantly and positively correlated to the future level ... securitisation, incorrect risk estimates of securitised products by rating agencies, the failure of risk management at banks, pro-cyclic effects of regulation and excessive leverage of financial institutions combined ...
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