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1 - 10 van 28 voor private equity fund
Microsoft Word - ageing_.doc
... evaluate the different options tax smoothing (economic efficiency) and musgrave's criterion (intergenerational equity). both criteria imply under certain conditions an immediate and permanent policy adjustment. under ... premiums. due to the falling interest rates also the expected return on private savings and pension fund savings has decreased substantially. the long-term interest rate has shown ...
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Microsoft Word - discussion164.doc
... asset risico', terwijl supervisie en regulering van activititeitsrestricties, private monitoring, markttoegang en liquiditeit een significant effect hebben op ... al., 2009). we use proxies for the international monetary fund (imf)'s core set of finan- cial soundness ... performing loans total loans unreserved impaired loans equity impaired loans equity managerial qualities total cost total income overhead ...
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disc160.pdf
... significant effect of private wealth on planned early retirement. jel classification c23, j26 keywords early retirement, private wealth, subjective retirement ... more often invest in risky assets and housing equity in the years these differences in wealth holdings between ... net housing wealthb contributing years to the pension fund socio economic variables higher education intermediate education poor ...
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doc211.pdf
... refer to financial intermediaries as banks, although the former also includes hedge funds, private equity, money market mutual funds, commercial banks, corporate banks and investment banks. 18 will ... scope of systemic regulation differs per scenario. the ability of financial intermediaries to fund themselves by issuing securities determines the length of intermediation chains. longer chains increase ...
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Microsoft Word - cpbdoc218.doc
... sustainability by creating two funds the fes-fund and the old age state pensions-fund. these would help to ensure sustainability of ... dutch economy, specifically those for structural gdp, employment in the private and public sector, consumption, wages, inflation and so on. the ... capture major trade-offs, e.g. between economic growth and equity and economic growth and the environment, and tries to avoid ...
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Microsoft Word - cpbdoc214.doc
... taxes related to income and to introduce a municipality fund organised by the central government. during the next ... ) and all kinds of functional government bodies, like police regions, private subsidised primary and secondary schools, public employment services, universities ... of public services and have limited possibilities to specialise; equity considerations can imply that a similar minimum set ...
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discounting investments mitigation and adaptation pdf
... return on assets, 2 ( )t wa j j + , not the expected private return, a , that is relevant for the equilibrium interest rate in ... of the marginal utility of wealth must be subtracted from the private return on markets in order to get the equilibrium interest rate ... fund.5679.0.html. arrow, k.j., w.r. cline, k-g. maler, m. munasinghe, r. squitieri and j.e. stiglitz, 1996, intertemporal equity, ...
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memo115.pdf
... risks, the model features an exogenous and constant equity premium. the return to bonds is equal to the world interest rate while equity returns are higher. the model features rational ... labour income ywp wages government yzh household capital income yzg government capital income yzp private pension fund capital income zbh individual interest income zbp interest income, pension funds zbr current ...
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Microsoft Word - discussion156.doc
... at other more direct indicators, such as market capitalization and credit to the private sector. market capitalisation ratios are available in the databases of levine et al. ( ... worldwide equity premium a smaller puzzle. london business school, mimeo. erbas, s.n. and a. mirakhor (2007). the equity premium puzzle, ambiguity aversion, and institutional quality. international monetary fund working ...
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omslag policy brief 2011 7 uk indd
... optimal risk management on behalf of their participants. efficient risk-sharing implies that the fund should spread out shocks over as many participants as possible. moreover, shocks should be ... pensions for private pension funds. this may lead to the familiar life-cycle pattern for private pension savings featuring high equity exposures for the young, and low -- but not zero -- equity exposures ...
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